AmCham Mongolia Daily Newswire

September 4, 2018

Sponsored by
MP Z. Narantuya to submit a request for a public hearing on child welfare  
Member of Parliament (MP) Z. Narantuya held a press conference on September 3 announcing that she will submit a request to conduct a public hearing on child welfare. The MP specifically addressed the implementation of child protection laws and regulations and the 2018 state budget allocation of 5 billion MNT for child welfare. She stated that most of the 5 billion MNT has been disbursed for training and workshops, regardless of priority objectives. MP Z. Narantuya added that there are many child welfare organizations in Mongolia, but tangible results from their work can’t be seen due to a lack of collaboration.

The National Post /page 2/
MMHI reports on gas prices  
On September 3, during the Ministry of Mining and Heavy Industry's regular press conference, ministry officials stated that the price of AI-92 gasoline will total 721 USD per ton and diesel fuel will cost 673 USD per ton this month, an increase of 8 to 10 USD compared to August. Minister of Mining and Heavy Industry D. Sumiyabazar said, “The increasing price of fuel is a direct result of rising petroleum product prices in the global market. The Ministry of Mining will work with the Ministry of Finance on potential regulatory measures regarding the growing fuel prices, which will be further discussed by Cabinet to reach a final decision.”

The Century News /page 5/
Only 64 percent of Mongolians consume clean drinking water
According to recent studies, only 64 percent of the Mongolian population has access to clean and safe drinking water. During the Northeast Asia Forum on Sustainable Development, to be held in Ulaanbaatar from September 4 through 5, participants will address access to clean, safe water. Experts have previously reported that over 80 percent of wastewater is discharged directly into Mongolia's rivers, further aggravating pollution.
Today /page B1/
BoM states dollarization will pose risks to the economy   
Bank of Mongolia (BoM) reported that the growth of loans in foreign currencies has decreased over the last two months, despite a surge that began at the start of 2018. However, the total amount of loans granted in foreign currencies to the private sector still remains high, equivalent to 3.1 trillion MNT. According to officials, this figure indicates that roughly 50 percent of credit issued in the private sector has been granted in foreign currency. Governor of the BoM N. Bayartsaikhan noted that the dollarization will pose some risks to the economy. While developing a strategy to reduce loan interest rates, the BoM is including policy measures to reduce dollarization.
Want to change how you receive these emails?