Parliament yesterday approved B.Javkhlan as first vice president of Mongolbank by 93.9 percent votes and also N.Zorjargal as vice president by 87.2 percent. Earlier, Mongolbank President L.Purevdorj had submitted the names for approval. The new appointments take effect from February

Troubled sumo grand champion Asashoryu has announced his retirement. The Mongolian national icon, known for his temperamental nature, leaves the sport amid a recent scandal in which he was accused of seriously injuring a man during a drunken rampage. The

P. Khashchuluun, head of the National Development and Innovation Agency, has said in a report on the progress of implementation of Millennium Development Goals (MDGs) that 66% work has been done on six of the nine MDGs and 18 of

The University of Oregon has completed a project to document and analyze a remote, little-known, yet fascinating area of the world. The Mongolian Altai Inventory Project is an atlas, website and digital photo archive that showcase ancient archaeological discoveries from

Minister for Internal Affairs Ts.Nyamdorj has said families of all the casualties of the July 1 incident has taken the compensation offered by the Government. However, the father of E.Dorjsuren, one of the five who died that night, has not

Prime Minister S.Batbold yesterday met with the working group on Tavantolgoi, set up by Parliament to prepare general procedures for exploiting the mine. The group consists of representatives from the Ministries for Mineral and Energy, Finance, Nature, Environment and Tourism,

Canada”s Khan Resources Inc has agreed to be bought by Beijing-based CNNC Overseas Uranium Holding Ltd in a deal that values the uranium explorer at USD52.9 million and gives the Chinese firm access to the Dornod field in Mongolia. Khan

President Ts. Elbegdorj presented the Golden Gerege award to Prince Andrew for his contribution toward publicizing Mongolia. The presentation of the award, whose recipients were named last month, was made on the sidelines of the World Economic Forum in Davos

The Mongolia Economic Forum to be held on February 8 and 9 in Ulaanbaatar under the auspices of the Prime Minister, is being eagerly  awaited by both domestic and international investors.
The North America-Mongolia Business Council Chairman Ed Story has said,

After its third quarterly review of Mongolia”s economic performance under the 18-month Stand-By Arrangement (SBA), the IMF emphasized the good progress on the macroeconomic stabilization made thus far and the positive economic growth outlook for 2010, driven by the spillover