The Mongolian Rail Workers’ Trade Union is protesting against the increased tax rate on personal income that came into effect on 1 January 2018. Under the three-year-arrangement with the International Monetary Fund (IMF), the government agreed to increase the income tax rate of individuals with a monthly salary of more than MNT1.5 million incrementally from 15, 20, and 25 percent.
The head of the Erdenet Mining Corporation (EMC) trade union spoke on Wednesday (3 January) regarding the increase of personal income tax which came into effect starting from 1 January, 2018.
Traders from the ‘Thousand Cars’ Auto Market clashed with the police on Wednesday near Ulaanbaatar railway station. A large number of protesting auto-traders were arrested during the incident which took place ahead of the planned clearing of the site.
On Tuesday, the Bank of Mongolia, which is the country’s central bank, reported that as of December 27th, 2017, Mongolia’s foreign exchange reserves reached three billion U.S. dollars, which has increased three times in the past twelve months.
B.Choijilsuren, who used to be Finance Minister, was named as a Person of the Year in the Social and Political Sector at the Golden Rose Award Presentations.
Mongolian government has offered five days of paid leave to all public employees if they need to take time off to care for their children due to the increase of seasonal flu this year.
With a new year comes new life and Australia welcomed the first baby of 2018 on Monday morning. Mongolian woman E.Sainzaya gave birth to a healthy boy baby just over an hour after Sydney rang in the New Year with its spectacular firework display.
The famous Mongolian guitarist D.Saruulsaikhan died suddenly on January 1st in Hukhot, Inner Mongolia, after having had a heart attack. He died at 5.00 a.m. surrounded by his bandmates.
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