News.MN - The source of news

Friday

2019/07/18

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Mongolian herders supply to international cashmere brand

Luxury goods companies have increasingly opted to source their cashmere from Mongolia. As a result, the country’s exports of cashmere garments have nearly tripled from 2009 to 2016, according to a 2017 report by the Mongolia International Capital Corp. (MICC), a regional investment bank.

Mongolia developing eco-beauty brands

Several Mongolian eco-beauty brands are developing a new use for the tens of millions of yaks, goats and sheep on Mongolia’s vast steppes – a range of organic cosmetics and skin creams, often based on traditional recipes that are rapidly attracting attention from foreign buyers.

Mongolian coal export revenue increases three-fold

As of November, in 2017 Mongolia exported USD 1.9 billion worth of coal, practically all of it (USD 1.86 million) going to China. This represents a three-fold increase in Mongolian coal export revenue on the previous year with the country benefiting from global price increase and an upturn in the Chinese economy.

Man’ United FC’s Louis Saha arrives in Mongolia

Louis Saha, the former French forward of Manchester United F.C arrived in Ulaanbaatar earlier today (11 December). The 39 year-old star has been invited to participate in the Mongolian Football Federation’s ‘Golden Ball’ award ceremony which will be held on 12 December.

Mongolian lawyer releases first series of feminist comic books

Mongolia has the highest levels of gender equality in East Asia. In global rankings, the vast and sparsely populated country sits in the 52nd place. The United States ranks 43 out of 188 surveyed countries, even though Mongolia is 15 times poorer than the United States.

IIB to advise Mongolia on fighting money laundering

The International Investment Bank (IIB), the Moscow-based multilateral development bank, together with Slovakia will advise Mongolia on how to fight money laundering and the financing of terrorism, it was announced at an IIB council meeting in Bratislava on 6 December.

President lambasts Mongolia’s anti-corruption agency

Kh.Battulga, President of Mongolia has attacked the country’s anti-corruption agency for serving political interests. During a discussion entitled ‘Corruption is not Force Majeure’, held today at Citizens’ Chamber of State House, the President lambasted the Mongolian Independent Authority against Corruption (IAAC) as being a tool of politicians.

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