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AmCham Mongolia Daily Newswire

January 31, 2019

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Cabinet approves a plan to renovate border checkpoints
Cabinet approved a plan to renovate the facilities of the country's main export checkpoints, ensuring that they meet international standards with modern technology and testing laboratories. The renovated facilities will help to generate proper tax revenue by improving resources and processes for checking on the quality, components, and quantities of exported and imported products. The new technology will be introduced in stages, starting with updated X-ray technology to identify  Illegal goods and to determine the quality and components of products crossing the border. Officials stated that these changes could prevent custom violations, such as concealed products, false customs declarations, and misleading statements about coal quality. 

The Official Gazette /page 2/
MSE reports on 2018 growth and liquidity
In the last two years, 10 companies have been introduced to the Mongolian Stock Exchange (MSE). The finance market's ratio in Gross Domestic Product was five percent in 2017, and it tripled to reach 16 percent in 2018. Total trade on the MSE reached 210.3 billion MNT in 2018. The MSE's liquidity rose by 5.2 percent in 2018 compared to 2017. The MSE is advancing the number of dual-listed companies in the market in 2019. The MSE also says its working to remove 29 companies from the stock market that have been inactive for more than one year. The MSE believes that their plans for 2019 will help to attract more investors.

The Official Gazette /page 1, 12/
Erdenes Mongol to release preferred stock for Mongolian citizens
The Mongolian Business Council held its monthly meeting on Wednesday. CEO of Erdenes Mongol P. Gankhuu announced that the company plans to release 5 million preferred stock options to the public, which was decided on back in 2011. The company said that each Mongolian citizen will get one preferred share of Erdenes Mongol. Preferred stock is known for yielding regular dividends. The company also announced that they will open a minerals exchange and will also release additional stocks for the Baganuur and Shivee-Ovoo projects and an Erdenes bond.
Today /page A1/
Mongolian Agricultural Exchange made 157 trades in 2018
The Mongolian Agricultural Exchange made 157 trades in 2018, valued at 711.4 billion MNT, a record-high and a 20 percent increase compared to 2017. Cashmere made up 83 percent of the trades and 7.9 percent were sheep wool. Agricultural Exchange officials reported that the price of raw materials rose by 30 to 70 percent last year, resulting in increased trade. Industry experts have stated that herders need to improve the quality of their supply and sell it to domestic producers to increase exports. The Agricultural Exchange plans to initiate forward trade in livestock, meat, and leather.
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