The Mongol Bank has reported that money supply (broad
money or M2) at the end of April rose to MNT 3163.0 billion, an increase of MNT
188.5 billion or 6.3 percent over March, and of MNT 821.1 billion or 35.1
percent over April

The Director of Macroeconomics at the National
Statistical Committee, B.Badamtsetseg, traces the 9.7 percent inflation to the
dzud that killed 8.1 million livestock and thus led meat price to rise 15
percent over the same period last year. The official saw “little relation”

G. Ankhbayar, Chairman of the Organizing Committee, has
said Discover Mongolia 2010 will offer international mining investors a
resourceful base to launch and expand businesses, establish new contacts, and
learn of the latest developments and make deals. After a year’s absence, the
founding members

The Mongol Bank has signed a Memorandum of Understanding
with Khan Bank and Trade and Development Bank on an integrated payment card
clearing system to come into effect on June 16. Golomt Bank is expected to join
the system by the end of

Erdene Resource Development Corp. has provided an update
on its principal projects in conjunction with the release of its first quarter
2010 financial results. The highlights mention that the Zuun Mod Molybdenum
Project optimization and modeling studies are under way; and so are
preparations

The Government has decided to issue bonds worth MNT16
billion to raise capital for the new National Development Bank.

The MNT19 trillion needed to implement the government’s
Industrialization program has not yet been found. A survey has revealed that in
2010-2012 the government’s

The Standing Committee on National
Security and Foreign Policy agreed on Tuesday to establish consular services in
San Francisco, Osaka,
and Hong Kong. The day’s meeting was supposed
to discuss sending manpower to foreign countries but instead it reviewed the issue
of importing manpower. T.Gandhi

Prime Minister S.Batbold inaugurated
Wednesday’s conference of the National Council for Children, which he heads. He
regretted that despite much talk, there has been little progress in improving
the lot of children and felt it is “high time for the government to take
decisive

The Standing Committee on
the State Structure had many questions to ask about proposed revisions to the
laws on inspection, nature and environmental protection, and on inspection and
quarantine of raw materials of animal and botanical origin at the border.

J.Sukhbaatar thought the
revisions

A MIAT spokesman failed to give any commitment on
Thursday when international flights would resume. Today was the third day they
remained canceled.  Alternative
arrangements are being made for stranded passengers.

The Government yesterday announced the airline will fly
today but could not find enough