News.MN - The source of news

Covid-19 spreading in five districts of UB

Today (24 November), Mongolia confirmed 32 new cases of Covid-19, bringing the total number in the country to 672. So far, 342 people have fully recovered and there have been no deaths.
These figures may seem miniscule compared to other countries.

Mongolians in Japan Protest During Chinese Foreign Minister’s Visit

Ethnic Mongolians in Japan have staged protests during a visit by Chinese foreign minister Wang Yi to the country this week against Beijing’s policy of ending Mongolian-medium education in the northern region of Inner Mongolia.

Hundreds of Mongolians currently living in

Odey accuses Rio Tinto of destroying value over Mongolian mine

Odey Asset Management has accused Rio Tinto of destroying value through lack of action over problems at Turquoise Hill, through which Rio Tinto owns a giant copper mine in Mongolia.

Turqoise Hill, listed in Canada, owns two-thirds of the Oyu Tolgoi mine with the rest

Fitch forecasts Mongolia’s economic growth at 8 percent in 2021

Fitch reports that the volume of coronavirus-related restructured loans is likely to delay further the resolution of asset-quality issues of Mongolia’s banks. As of September 2020, an estimated 22% of the system’s total loans- or MNT 3.8 trillion in loans

From UB to Wuhan: Over 11 thousand sheep delivered

The first batch of 11,267 sheep from Mongolia’s total donation of 30,000 sheep have recently arrived in Wuhan, in Central China’s Hubei province, the area hardest hit by COVID-19 earlier this year, the provincial department of commerce said on Friday.
The

Mongolia provides food packages for poor families amid pandemic

On Friday (20 November), Mongolia’s Ministry of Labour and Social Protection announced that it has started providing food packages to households at risk of malnutrition amid the COVID-19 pandemic.
In cooperation with the Mongolian Red Cross Society, the food packages consisting

Mongolia cuts policy rates by 2 percent

The Monetary Policy Council of the Central Bank of Mongolia held an emergency meeting earlier today (23 November) regarding economic measures announced by Cabinet last week. The Mongol Bank decided to cut its policy rates by 2 percent to 6

Mongolia’s total Covid-19 tally reaches 640

Mongolia has confirmed 11 new cases of Covid-19 in Ulaanbaatar after testing 3011 samples in laboratories nationwide. So far, the country’s total tally of coronavirus has reached 640.

As of today (23 November), 98 confirmed cases have been reported in Selenge, the northernmost

Mongolia’s GDP down by 7.3 percent

Mongolia’s gross domestic product (GDP) decreased by 7.3 percent year-on-year in the first three quarters of this year, local media reported on Thursday, citing the country’s National Statistics Office (NSO).
The country’s GDP dropped to 26.4 trillion Mongolian tugriks (over 9.2

Mongolia increases monthly child allowances amid pandemic

On Wednesday (18 November), the Mongolian government increased the monthly allowance for children under 18 until the first half of next year due to the COVID-19 pandemic.
The measure, originally scheduled to be implemented from April to the end of this

HeartHeartHahaHahaLoveLoveWowWowYayYaySadSadPoopPoopAngryAngry