April 23, 2018

Improved Efforts Proposed to Fight Pollution


In a meeting on April 20th, the National Committee to Reduce Environmental Pollution, led by the Prime Minister, made a decision to provide cleaner fuel to 202 thousand households living in the air quality improvement area. To prepare for this, the government will finance 4 billion MNT and issue guarantees for the remaining 46 billion MNT. It is expected that a plant will start operating by the middle of next September, with the capacity to improve 200 thousand tons of fuel. By the end of 2018, 80,000 tons of fuel will be improved, with a maximum price per ton of approximately 150,000 MNT. A soft loan of 500 million USD from South Korea will be spent on reducing air pollution, with 15 projects implemented in ger districts development, as well as construction of additional rental units and renovating public transport. The Ministry of Construction and Urban Development has stated that new mortgage loans of 320 billion MNT will be allotted for 4-5 thousand households in 2018, rising to approximately 500 billion MNT in 2019.

Keywords: construction, mortgage, pollution, transportation   The National Post  /page 2/


Working to Improve Investment Climate


The International Finance Corporation, a World Bank group organization, held its first session on best practices and principles to attract foreign investment. Officials from the Ministry of Foreign Affairs, the Ministry of Food, Agriculture and Light Industry, the National Development Agency, and Ulaanbaatar City’s Development Corporation participated in the session. The Government of Mongolia and World Bank Group have been developing a roadmap to improve the investment climate and increase direct foreign investment. With this collaboration, both sides are working to present a report on the revised investment climate, and will make a policy recommendation to form a “Mongolia Team” for strengthening the collaboration between state organizations, and to more efficiently support direct foreign investors.        

Keywords: foreign investment, working group, agriculture   Today /page B1/

Short Term Outlook is High


The World Economics has prepared a Sales Managers Index /SMI/ report, which provides an overview of the short-term economic outlook for Mongolia. According to the recently released report, Mongolia’s SMI reached 60 points, the highest performance over the last 57 months. The World Economics took into consideration five indicators when calculating Mongolia’s SMI, including business trust factors, market growth, gross sales, price changes and employment levels. Business trust showed the highest increase, reaching more than 65 points in the Index.

Keywords: business climate, World Economics, sales   The Official Gazette /page 11/

online story  

Mobile Sales Increase


According to a report by Communications and Information Technology Authority, the number of mobile phone users in Mongolia reached 3 million 886 thousand in 2017. Mobicom Corporation accounts for 38.64 percent of the market, while Unitel Group follows with 35.16 percent, Skytel has 15.25 percent, and G-Mobile is at 10.95 percent. The sales of all mobile operators reached more than 1 trillion MNT, comprising 50.26 percent of the communication industry’s total sales, with the bulk of the revenue coming from data usage. By the end of 2017, the number of mobile data users grew by 7 percent, reaching 2 million 625 thousand users.      

Keywords: communications, sales, mobile phone

Facebook Twitter LinkedIn Website

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia