A completely new-look Children’s Park reopened on September
1 after a long closure for extensive redesigning. It now has 12 amusement and
games sections. More than MNT20 billion were spent on the work, and officials
have promised regular maintenance of the garden. There

Minister of Labor and Social Welfare T.Gandhi and officials
in the Ministry yesterday met with Kenzuke Tsuzuki, Vice President of JITKO,
Japan’s international training organization, to discuss labor conditions and
laws in Mongolia, so that a framework for cooperation can be prepared. The
Ministry

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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