China’s
decision to allow the renminbi to appreciate against the dollar, even if
gradually, is a major
development in the world financial markets. Stock markets in Japan, South
Korea, Australia, Shanghai and Singapore have risen and investors believe that
the Beijing decision will not only
The National Statistical Office has published
figures for various sectors. All figures
are for the period January-May 2010, unless otherwise mentioned. All
comparisons are with the period January-May, 2009, again unless otherwise
mentioned.
Consumer price index
The national consumer price index in May rose 3.2 percent
Petro Matad has resumed operations at its Davsan Tolgoi prospect in
Block XX in Dornod province, after restrictions enforced following an outbreak
of the foot-and-mouth disease were lifted. The company had to suspend operation
on June 1, as blanket restrictions were imposed on
Hong Kong Exchanges
& Clearing Ltd. has met Mongolian mining companies seeking to list in the
city, according to its Chief Marketing Officer Lawrence Fok, who was in
Ulaanbaatar last week for a forum on corporate capital raising. Hong Kong
Exchanges, which operates Asia’s
Mongolia is receiving proposals from
global stock exchanges to assist with turning its state-run stock market into a
private enterprise. D.Sugar, chairman of the State Property Committee, said at
the recent Mongolia Capital Raising Conference that the London Stock Exchange,
the NASDAQ and the
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