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AmCham Mongolia Daily Newswire

October 15, 2018

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Minister D. Sumiyabazar visits Toronto  
A working group led by Minister of Mining and Heavy Industry D. Sumiyabazar visited Toronto, Canada, from October 9 through 10, to meet with the management teams of Export Development Canada and the Toronto Stock Exchange. The main purpose of the visit is to ensure the implementation of preparations for parliamentary resolution No. 76 on intensifying the economic benefits of the Tavan Tolgoi mine and trading 30 percent of Erdenes Tavan Tolgoi JSC shares on international stock exchanges.

Today /page B1/
Research institute on deliberative democracy to be established
From October 11 through 12, the Deliberative Democracy in Asia Conference was held, with over 120 participants from various universities, research centers, government agencies and non-governmental organizations. Chief of the Cabinet Secretariat G. Zandanshatar stated, “An Asian research institute on deliberative democracy will be founded, and it is fully possible to apply deliberative democracy methods at the Citizens’ Representative Khural level in province areas.”

Daily News /page 2/
Stock liquidity of 120 companies deemed inadequate
The Mongolian Stock Exchange (MSE) announced that it launched a campaign to improve the stock liquidities of publicly-traded companies and product quality on the MSE. Currently, more than 200 companies are listed on the MSE, but 60 percent (120 entities) are deemed to have difficulties in terms of their stock liquidity. It was also determined that 95 companies demonstrated unsatisfactory performance in realizing their obligations, and stock trading for 32 companies have become inactive. The MSE will delist companies which have continuously failed to conform to the MSE’s rules and regulations.
The Official Gazette /page 11/
Consumer price index sees a 5.7 percent increase in September
The National Statistical Office reported that the consumer price index saw a year-over-year increase of 5.7 percent nationwide, and a 5.9 percent increase in Ulaanbaatar. Inflation has mostly been driven by price increases for fuel products. In Ulaanbaatar, for instance, the price index for A80 petroleum grew by 14 points, while the A92 price index rose by 12 points over the last year. According to analysts from Royal Dutch Shell and Goldman Sachs, fuel prices could rise to 100 USD per barrel, up from the current price of 80 USD.              
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