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AmCham Mongolia Daily Newswire

December 3, 2018

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U.Khurelsukh’s Cabinet remains in power
The Mongolian People’s Party Caucus (MPP) in Parliament submitted a request to dismiss Prime Minister U.Khurelsukh's Cabinet, due to unsatisfactory performance, the Small and Medium-sized Enterprise (SME) Development Fund scandal, and other issues. Parliamentary work has been delayed over the last two weeks, as MPs postponed discussions of the petition and refused to attend sessions in protest. Last Friday, a regular session of Parliament was finally held to discuss and vote on the petition calling for the ousting of the prime minister and his cabinet. Forty members of Parliament voted against dissolving Cabinet. Parliament members emphasized the importance of political stability in Mongolia.

The Official Gazette /page 2/
Green Cities action plan for development to be implemented
The European Bank for Reconstruction and Development will be implementing its Green Cities Program in Ulaanbaatar, which will address the environmental challenges facing Ulaanbaatar. The Green Cities Action Plan will prioritize the city’s issues and projects that will be carried out to create solutions. The first project will focus on the city’s waste management system. The project will cost 950 million EUR, and 40 percent of the project's financing will be received by 2020.

Today /page B1/
Ard Holdings offers a no interest, 30-day loan
During a press conference held on December 1st, Ard Holdings announced that it will be giving its shareholders access to a loan of up to 20 million MNT with no interest fees and a 30-day term. Ch.Gankhuyag, the founder of Ard Holdings, emphasized that there would be no hidden fees for the loan. It was also announced during the press conference that the company's online shopping platform, Ardshop.mn, has officially launched, and 20 domestic manufacturers featured on ardshop.mn presented their products.
The Official Gazette /page 1/
Update on the privatization of state-owned businesses and properties in  2019
During a meeting of the Citizens' Representative Khural, Ulaanbaatar’s Property Relations Director Ch.Odnasan released a list of the state-owned businesses and properties that will be privatized in 2019. The list includes businesses and properties that were not privatized in previous years. City officials plan to generate 90.1 billion MNT in city revenue through next year's sales of privatized assets. 
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