August 20, 2018

Ambassador D.Batjargal receives his letter of credence


President Kh.Battulga presented a letter of credence to the next Ambassador Extraordinary and Plenipotentiary from Mongolia to Japan, D.Batjargal. D.Batjargal has been serving as Charge d’affaires at the Embassy of Mongolia in Tokyo since August 2016. President Kh.Battulga reminded Ambassador D.Batjargal to focus on further strengthening bilateral relations between Mongolia and Japan, as well as initiating mega economic projects and programs.                 

Keywords: President Kh.Battulga, diplomacy, Japan   Today /page A2/

India to provide Mongolia with 20 million USD in financial aid


On August 19, a State Emergency Commission working group led by Deputy Prime Minister U.Enkhtuvshin visited Arkhangai Province, which has been hard hit by numerous natural disasters this year. Ambassador of India to Mongolia Suresh Babu, who accompanied the working group, announced that the Government of India will provide 20 million USD in financial aid for disaster recovery efforts. Additionally, ten English teachers from the province will be able to take part in free vocational training with assistance from India.

Keywords: disaster recovery, foreign aid, Arkhangai Province   The Century News /page 2/


Darkhan Nekhii hopes to increase sales revenue


Darkhan Nekhii JSC, with Tier 1 listing on the Mongolian Stock Exchange, saw a decrease of 16.5 percent in sales revenue in the first half of 2018, with sales at 5.3 billion MNT. The company aims to increase its revenue by 44 percent by the end of the year, compared to the same period in 2017. Darkhan Nekhii has installed a new processing line and commissioned an automated plant to wash waste wool from leather processing. It is expected that the company will export 100,000 eco-friendly hides to Europe in 2018. Darkhan Nekhii says it is also taking measures to adopt a environmentally-friendly approach to its production. 

Keywords: MSE, Tier 1, manufacturing
  The Official Gazette /page 5/

online story  

Mongolia’s Sales Managers Index reaches a four-month low in August   


World Economics reported that Mongolia’s Sales Managers Index dropped to 58.3 points – its lowest rate over the last four months. Analysts from World Economics associated the decrease with the National Naadam Festival. In the months before Naadam, the Sales Managers’ Index had been dramatically increasing, thus reaching more than 60 points, but the index started plummeting in July. World Economics highlighted that Mongolia’s business confidence index has been in a growth zone since the beginning of 2018, heralding the expectation that the business climate will further improve. 

Keywords: World Economics, business confidence index

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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia