With none of the 14 commercial banks posting on their
website all the information they are legally bound to reveal publicly, the
Mongolbank has now published all relevant details about their capital base, shareholding
pattern, internal administrative structure, amount and status of loans,
The 65th anniversary of victory over Japan in World WAR II
was observed yesterday at a ceremony in Zaisan where Defense Minister L.Bold
gave a speech, recalling that the end of the disastrous war had led to the world’s
recognition of Mongolia’s status
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
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