Time deposits earn different rates of interest at
different banks but most of the 12 commercial banks pay the same interest rate
for ordinary savings accounts. MNT accounts always get more interest than
accounts in a foreign currency. Some banks also pay more
Prime Minister
S.Batbold yesterday met with members of the MPRP’s Ulaanbaatar Committee for
the first time since he was elected Chairman of the party last April. He asked
all in the party to work for implementation of the 6-point policy recommended
by the Governing
Minister of Foreign
Affairs G.Zandanshatar has signed a four-year agreement with B.Tsogoo, Director of the National Development
Institute in the Science Academy, that asks the institute to prepare a
comprehensive report on the best policy for Mongolia to follow in its foreign
relations, especially
Economic analyst D.Jargalsaikhan feels that there is so
little accurate and certified information about the Tavan Tolgoi deposit that
no proper estimate can be made of its international competitiveness and,
therefore, of the real worth of its promised free shares to Mongolians. “We
actually
Canada is Mongolia’s
second-highest export partner after China, as also the largest foreign investor
in Mongolia’s resource sector, with about 25 firms active in the country, says
a recent report in The Toronto Star. Canadian companies spent an estimated
USD500 million in 2008 on
Mongolia Mining (earlier known as
Energy Resources), the first Mongolian firm to tap the Hong Kong IPO market,
has already secured several strategic investors as it seeks to raise USD1
billion. They include Kerry Group, which owns a 10 percent stake, US fund
Ancora
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