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AmCham Mongolia Daily Newswire

November 13, 2018

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Mongolian People’s Party Caucus meets
The MPP Caucus in Parliament held a meeting on Monday. The party nominated Member of Parliament Ch. Ulaan for Minister of Food, Agriculture, and Light Industry, which was supported by the majority of caucus members. The nomination will be reviewed by Parliament and its standing committees by end of this week. Prime Minister U. Khurelsukh submitted a request to dismiss Speaker of Parliament M.Enkhbold, City Governer  S.Enkhbold and the Head of the MPP Caucus, D.Khayankhyarvaa, from their duties, due to unsatisfactory performance. The majority of caucus members voted in favor of the dismissal of D.Khayankhyarvaa and S.Enkhbold, but a discussion of M.Enkhbold’s dismissal will be held during the next party meeting.

Daily News /page 1/
President Battulga meets with the EU's International Cooperation and Development Commissioner
President Kh. Battulga met with representatives from the European Union’s (EU) International Cooperation and Development Commission. Commissioner Neven Mimica thanked the president for the opportunity to open an EU Delegation office in Mongolia, and noted that cooperation with the EU has been effective in recent years. Mimica believes that the EU office will further support and develop cooperation between the EU and Mongolia in business and all levels of relations. The Commissioner reviewed the performance of the 2015 Development Cooperation Memorandum signed by the two parties, and discussed bringing foreign investment to Mongolia, and how to make it more effective for the country’s development.

The Official Gazette /page 2/
Tourism sector income increased by 26% in 2018
The Ministry of Nature, Environment and Tourism reviewed industry data from the last 10 months and reported that 469,000 tourists had visited Mongolia, an increase of 9.3 percent compared to last year.Total income for the sector was 491.7 million USD during the reporting period, an increase of 26 percent compared to last year. 
Today /page 4/
Mongolian government's USD bond yield expected to increase
Analysts from the Asia-based financial services group Nomura predict that the Mongolian government bond yield will increase due to projections for Mongolia's growth in the global market, due to positive changes in the Mongolian economy. Nomura analyst Nicholas Yap noted that it is possible to see an even greater increase in the future. After, Standard & Poor’s upgraded Mongolia's sovereign credit rating to “B”, the Gerege bond’s rate increased by 0.6 percent. Yap emphasized that the Mongolian government bond had the most positive rating in the Asian frontier market.
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