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AmCham Mongolia Daily Newswire

February 15, 2019

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Prime Minister U. Khurelsukh meets with CMTU representatives
Prime Minister U. Khurelsukh met with Confederation Mongolian Trade Unions (CMTU) representatives. The meeting started with the Prime Minister's opening remarks, noting successful cooperation with the CMTU in the past. U. Khurelsukh stated that the government hopes to continue cooperating with the CMTU and the Mongolian Employers' Federation to improve the legal environment for labor and social protection, to raise salaries, and to provide safe and healthy work environments. CMTU President Kh. Amgalanbaatar stated that the government has the opportunity to raise the minimum wage every year, and announced that discussions on drafting a labor and social protection agreement for 2019 to 2020 will start soon.

Daily News /page 5/
Minister D. Tsogtbaatar meets with MCC’s Kumar Ranganathan
Minister of Foreign Affairs D. Tsogtbaatar met with Kumar Ranganathan, Senior Director and Practice Lead in the Water and Sanitation Division of the Millennium Challenge Corporation (MCC). The parties emphasized that the MCC's project must bring good practices and long-term benefits to Mongolian socioeconomic development. In July 2018, the U.S. foreign aid agency approved aid of 350 million USD to improve Ulaanbaatar's water supply. 

The National Post /page 2/
Gobi JSC and Bayanteeg JSC announce their dividend yields
During the Gobi JSC Board of Directors meeting, it was announced that the company would give shareholders a dividend yield of 6.8 MNT per share, totaling 5.3 billion MNT, by April 25. Bayanteeg JSC announced that it will give shareholders a dividend yield of 3,958.7 MNT per share, totaling 1 billion MNT, by June 1. The Mongolian Stock Exchange requires JSCs to publish their dividend yields before February 19.
Today /page C4/
World Bank says the state's investment profit has been low
World Bank analysts have emphasized that the main reason for the state budget deficit was low profits, despite high state investment. From 2013 to 2018, the state's investments totaled 5.3 trillion MNT, with performance at 80 percent. In 2019, projected state investment is 1.6 trillion MNT, two times higher than investment in 2018, representing 4.3 percent of the nation's gross domestic product. The state's investments are mostly directs at health, education, and custom operations. The Ministry of Finance says it plans to create a digital investment platform to disclose the state's budget financing to the public, starting in April 2019.
REWIND: Week of February 11, 2019
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