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AmCham Mongolia Daily Newswire

January 11, 2019

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Second round of protest held to remove the Speaker of Parliament
A second round of protest to dismiss Speaker of Parliament M. Enkhbold took place on Thursday.  J. Batzandan, T. Ayursaikhan, L. Oyun-Erdene, L. Bold and other MPs organized the protest and stated that the protest will continue until the speaker resigns. Organizers reported that protests took place in 20 cities in 21 provinces. The speaker noted that the Standing Committee on State Structure approved an amendment that would allow the dismissal of the Speaker of Parliament with a majority vote from MPs. The speaker stated his support for the amendment and asked MPs to proceed with efforts to dismiss him according to the law. Later, the National Security Council asked Parliament and its committees to finalize their review of the amendment by the end of Thursday, but Parliament's attendance was at only 54 percent, and Speaker M. Enkhbold didn’t attend yesterday's session.

Today /page A2/
Government of Mongolia reports on bond interest payment
The Government of Mongolia reports that it has paid 147 million MNT in government bond interest. The government issued bonds from 2014 to 2017, and generated a total of 1.52 trillion MNT in revenue; 560 billion MNT in 2015, 285 billion MNT in 2016, and 631 billion MNT in 2017. The Ministry of Finance stopped government bond trading in the primary market in 2018.

The Official Gazette /page 11/
Analysts predict a booming domestic stock market
Since 2017, five new companies have released initial public offerings (IPO) on the Mongolian Stock Exchange, generating over 30 billion MNT. The increased number of IPOs on the domestic stock market is attracting investors and has been giving them a variety of choices for trade in recent years. Analysts have suggested that investors buy effective, long-term earning IPOs instead of focusing on short-term high gains, and noted that companies should care about proper company management, which investors seek.
The Official Gazette /page 11/
Air pollution is creating an economic burden in Mongolia
The United Nations Children’s Fund reported that the cost of treating illnesses caused by air pollution has been increasing in recent years. It was stated that the economic burden on Ulaanbaatar hospitals, just to treat children, will more than double the cost in 2016, reaching 24.8 billion MNT by 2025. Gunj Tuv NGO emphasized that treating children for illnesses resulting from air pollution costs between 15,000 MNT and 1 million MNT, and causes caregivers not working and earning income to care for their children.
REWIND: Week of January 7, 2019
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