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AmCham Mongolia Daily Newswire

October 23, 2018

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Officials discuss Ulaanbaatar-Tianjin cooperation potential
On October 22, a delegation led by Li Hongzhong, Communist Party Secretary of Tianjin and a member of the 19th Politburo of the Communist Party of the People’s Republic of China, met with Speaker of Parliament N. Enkhbold, Prime Minister U. Khurelsukh, and Chief of the Cabinet Secretariat G. Zandanshatar. During his meeting with the speaker, Li discussed 10 cooperation proposals, including building a  transport and logistics center in Dongjiao District, a new air route between Tianjin and Ulaanbaatar, and the establishment of a Tianjin tourist center in Ulaanbaatar. Prime Minister U. Khurelsukh and Secretary Li Hongzhong agreed that implementation of the Belt and Road Initiative and the trilateral economic corridor would require more effort and extensive cooperation from sides.

Today /page A2/
DP caucus weighs in on the proposed 2019 state budget
During a session on Monday, the Democratic Party (DP) caucus in Parliament heard a briefing from a working group that reviewed the draft of the 2019 state budget. Members of the DP caucus advised that the totals reflected in the budget draft need to be presented with detailed breakdowns, as they have been in previous years. The DP caucus also stated that all Mongolian children should be enrolled in the Children's Money program, without any eligibility requirements. 

Daily News /page 2/
President Kh. Battulga meets with Mongolians living in Europe
While in Europe for the 2018 World Investment Forum, which is being held from October 22-26 in Geneva, Switzerland, President Kh. Battulga has met with Mongolians living in Geneva and nearby European countries. Over 1,500 Mongolians live in Switzerland. Meeting participants shared their opinions concerning social inequality, corruption, and a low guarantee of quality living standards in Mongolia.
The Official Gazette /page 2/
MNT savings rose by 2 trillion MNT in August
According to data from the Bank of Mongolia (BoM), savings in tugrugs saw a year-over-year increase of 2 trillion MNT in August, totaling 9.4 trillion MNT, but the central bank noted that the MNT savings still haven’t reached a level high enough to meet the demand for MNT loans. The Mongolian Bankers Association underscored the significant impact of savings growth on reducing loan interest rates, and emphasized that banks are developing programs and products to promote savings.              
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