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Daily NEWSWIRE
May 11, 2018
S P O N S O R S
Government

President Kh. Battulga submits ambassador nominations to Parliament

Summary:

On May 10, President of Mongolia Kh. Battulga submitted a consultative proposal to Speaker of Parliament M. Enkhbold regarding the appointment of ambassadors. The president has nominated O. Enkhtsetseg to serve Sweden, N. Tulga to serve the United Kingdom of Great Britain and Northern Ireland, D. Batjargal to serve Japan, and Y. Ariunbold to serve Canada as ambassadors extraordinary and plenipotentiary. The proposal included the recall of Ambassador Extraordinary and Plenipotentiary to Sweden M. Enkhsaikhan and Ambassador Extraordinary and Plenipotentiary to the United Kingdom S. Bayar.

Keywords: foreign relations, diplomatic missions, Office of the President    Daily News /page 2/


Amendments to customs tax and VAT exemptions approved by Parliament

Summary:

During Parliament’s regular session on May 10, a final review of amendments to the Value-Added Tax Law was conducted and approved with a majority vote from Parliament members in attendance. According to the amendments, all imported wood construction materials except oriented strand board (OSB), standardized pre-fabricated wood building structures, and logs will be exempt from customs duty. Other imported wood products, except those related to forestry and horticulture, will be exempt from value-added tax until 2022. 

Keywords: imports, VAT Law   Today /page A2/ 


MINING

Coal export volume at Shivee Khuren border reaches 4.7 million tons in 2018  

Summary:

Five mining companies, including SouthGobi Sands, MAK, Chinkhua MAK, Usukh Zoos, and Javkhlant Ord, operate in Gurvantes soum of Umnugobi Province and explore energy coal. The total export volume of these companies has totaled 4.7 million tons of coal since the beginning of 2018, an increase of 3.2 percent compared to the same period in 2017. The companies have generated 11.1 billion MNT in state revenue. In order to increase their export volume, the companies have renovated the border checkpoint, establishing four gateways for coal transportation and building a paved road. SouthGobi Sands exports coal after processing it through a coal washing system and re-uses 90.2 percent of its treated wastewater. MAK is in the process of building a coal-washing plant, which is expected be commissioned in the second half of 2018. Minister of Mining and Heavy Industry D. Sumiyabazar noted, “We have to be careful about environmental issues. It is better to use the least amount of water as possible and introduce environmentally-friendly technologies to operations.”   

Keywords: economic growth, mining development   The Official Gazette /page 11/


online story  

Electricity costs pose challenges for greenhouse farmers

Summary:

The Ministry of Food, Agriculture and Light Industry reported that greenhouse farmers harvested a total of 5,140 tons of crops in 2017. This number indicates an increase of three percent compared to production in 2016, but the country imported 9,733 tons of produce in 2017, twice the number of domestically harvested crops. To compete with imported products and reduce import-dependence, Green City Garden harvests 40 to 50 tons of crops annually from its greenhouses and plans to triple its harvest area in 2018. CEO J. Erkhembayar highlighted that electricity and heating costs pose the greatest challenges for greenhouse farmers.    

Keywords: food production, import substitution   www.bloombergtv.mn


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