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AmCham Mongolia Daily Newswire

November 14, 2018

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Ministry of Construction and Urban Development reports on the status of the ipotek loan program
Parliament's Economic Standing Committee held a meeting with Minister of Construction and Urban Development Kh. Badelkhan on Tuesday, and discussed the ipotek loan program's development and future plans for its implementation. Minister Kh.Badelkhan reported that 42,600 people purchased apartments through the program from 2008 to 2012 and that 76,000 people purchased apartments through the ipotek loan program from 2013 to 2016. The ministry financed 111 billion MNT  in mortgage loans in 2017. The ministry financed 448.4 billion MNT in loans and helped 7,300 people purchase apartments in the first 10 months of 2018. They expect this number to reach 10,000 by end of the year. 

The National Post /page 3/
Blackstone Resources begins exploration drilling in Mongolia
Blackstone Resources, a Swiss holding company, announced that it has begun exploration drilling at three licensed sites in Mongolia. On Friday, the company’s stock reached 4.6 CHF on the Swizz stock market, an increase of 8.49 percent. The Company plans to drill to up to  2,000 meters for molybdenum, copper, and gold in Shar Tolgoi, Ar Nuur, and Suvanga in southeast Mongolia. 

The Official Gazette /page 11/
President Kh.Battulga meets with Mongolian Women’s Labor Federation representatives
President Kh. Battulga met with Chairwoman of the Mongolian Women's Labor Federation (MWLF) Sh.Ariunaa and other MWLF representatives at Citizen’s Hall. The chairwoman criticized the Small and Medium-sized Enterprise (SME) Development Fund's operations, citing a lack of accessibility for women who own SMEs, noting that the fund was giving loans to high-ranking state officials. The MWLF gathered comments from women who had experienced applying for a loan with the SME Development Fund and being denied. Manf of the applicants were told that they were denied because the fund could not provide the required financing, or were told that they had not met the requirements for the loan. The chairwoman submitted a request to improve the rules, regulations, and supervision of the SME Development Fund’s loan program. 
Daily News /page 2/
MCSD reports on new stock trading accounts opened
The Mongolian Central Securities Depository (MCSD) reported that the number of privately-held stock trading accounts reached 98,900 as of October 2018, four times the number of accounts recorded the previous month. The brokerage firm Goodsec LLC opened most of the new accounts last month, coming in at  23,800 accounts. emphasized that around 16,000 new accounts were opened during the first 10 months of this year,  the highest amount of growth in the market since 2012. The MCSD emphasized that new IPOs on the market and Tavan Tolgoi's mining operations impacted the growth in trading accounts.
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