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Mongolian Bank prepares crypto and digital offerings

Asian banks are edging yet closer to crypto and digital currency adoption – with Mongolian and South Korea banks unveiling ambitious new developments in the wake of reports of the launch of Singaporean giant DBS’ forthcoming digital asset exchange.

Although DBS

Mongolia to lower tariffs on products to South Korea

South Korea and Mongolia will lower tariffs on some products starting next year. This comes after Ulaanbaatar joined a regional trade pact known as the Asia-Pacific Trade Agreement (APTA), Seoul’s Finance Ministry said.

Under the deal, South Korea will reduce tariffs

Airbus provides communication technology to Mongolian Government

Airbus has come together with a local partner Vertexmon to provide a complete Tetra digital radio communication solution to the Mongolian capital of Ulaanbaatar.

The Tetra system will replace the current analogue system and is designed to cover and ensure the

Two new members elected to board of directors of Oyu Tolgoi

Today (28 October), the Mongolian Cabinet appointed two representatives of the board of directors of Oyu Tolgoi LLC. Bayasgalan who worked at JP Morgan and geological engineer Gan-Ochir were selected from 46 candidates who applied to the post in September.

The

MIAT cancels 1370 flights due to coronavirus

MIAT, Mongolian Airlines has cancelled a total of 1370 flights since the country grounded all commercial flights in February. As of 30 September, the airline has conducted 75 charter flights to pandemic-hit countries.

Under normal conditions, MIAT had planned to earn

Mask regulation on public transportation in Ulaanbaatar

Wearing face masks on public transport is not being enforced strongly enough in Ulaanbaatar, the capital city of Mongolia where, so far, there has not been any local transmission of coronavirus. Since the start of the pandemic, there have been

MIAT evacuates 90 Mongolians from Hungary

On Monday 26 October, Mongolia repatriated 90 of its nationals from Hungary with MIAT charter aircraft.

The chartered flight from Budapest to Ulaanbaatar landed at Buyant-Ukhaa International Airport on Monday afternoon, with 90 passengers onboard. The passengers including pregnant women, children,

U.S.-Mongolia CPC Partnership Launched

In an October 27 ceremony, senior U.S. and Mongolian officials jointly launched the U.S.-Mongolia Child Protection Compact (CPC) Partnership, which was signed in Ulaanbaatar on April 2, 2020.  Implementation of this historic partnership will strengthen the efforts of the Mongolian

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