Singapore Deputy Prime Minister
and Minister for Defense Teo Chee Hean met defense ministers and senior
officials from Mongolia, Chile and the Philippines on Sunday on the sidelines
of the Shangri-La Dialogue in Singapore.
The audit report on the 2009 budget has said the wording
of the Government guarantee behind loans
taken from foreign countries was vague and convoluted and it is “hard to
understand” who would finally be responsible for their repayment. The problem
stems from bureaucratic
The general reaction of MPs to the government’s
performance in regard to the economy last year was one of dissatisfaction as
Parliament discussed in Friday a report on execution of the general budget of
2009 and another report by the National Audit Agency
Addressing more than 3,000 young people brought together
by the Ulaanbaatar wing of the MPRP, Prime Minister S.Batbold said citizens
will be given shares in the Tavantolgoi coal deposit. This was the first
categorical and unequivocal statement on an issue that has thrown
Every district of Ulaanbaatar will
have its own SME business center soon, under a program launched in January.
Apart from providing training on entrepreneurship, identifying profitable areas
of business, and help in finding markets, these centers will also offer
graduates concessional loans and some
D.Achit-Erdene, President of the Mongolian International Capital Corporation, feels a decision on whether to collaborate with the Hong
Kong or the Frankfurt Stock Exchange should come only after enforcing here the
information disclosure requirements that have already been standardized
worldwide. In general, the
Switzerland-based Manas
Petroleum Corp. has planned an upcoming gravity survey to prepare a 300-km
seismic campaign on blocks 13 and 14 in Mongolia. Manas is debt free and
believes that it will be able to meet with the existing funds all its cash
requirements
Shareholders in Petro
Matad Limited, the explorer targeting frontier lands on the
Mongolian-Chinese border, must be wondering what next will come between them
and the company’s first well on the Davsan Tolgoi prospect. First, it was an
unusually long and severe winter that forced
3,467.86
