Ulaanbaatar /MONTSAME/ “It’s crucial to identify a leading sector, and frame a suitable policy on investment, concession and partnership between government and private sectors”, experts highlighted during a meeting themed ‘Recovering the economy by supporting domestic production’ on March 28, Tuesday.
Ulaanbaatar /MONTSAME/ During the Cabinet’s regular meeting on March 20, Monday, Head of Cabinet Secretariat J.Munkhbat reported on the conclusion of a working group which was designated to implement Ulaanbaatar Sewage Facility Construction project and discuss the conditions of concession contract with proposed entities.
Ulaanbaatar /MONTSAME/ During the Cabinet’s regular meeting on March 20, Monday, Head of Cabinet Secretariat J.Munkhbat reported on the progress of 126.7 km Bayankhongor-Altai road project which is listed among state-owned concession items approved by the 2013 Cabinet resolution No 317.
Ulaanbaatar /MONTSAME/ During its regular meeting on March 20, Monday, the Cabinet resolved to form a 100 percent government-owned company to handle the construction of an oil refinery plant in the country.
Ulaanbaatar /MONTSAME/ On March 16, the first meeting of a Council to protect the interests of investors was held to hear reports about the current situation of the investment environment and the progress of large-scale investment agreements and arbitration cases or disputes in which the Mongolian government was involved.
Ulaanbaatar /MONTSAME/ Yesterday, March 15, Minister of Road and Transportation Development D.Ganbat visited MIAT Airline National flag carrier, and stated that the company would be supported with government policy and its flight frequency and routes would be increased.
Ulaanbaatar /MONTSAME/ The Bank of Mongolia has stated that apartment mortgage program with 8 per cent interest rate will be transferred to the Government within 2018. New mortgage loans will be issued till the end of 2017, financed with monthly repayment income of loans. The remaining funding will be solved through reflecting it in the State Budget by the Government.
Ulaanbaatar /MONTSAME/ “ - Tax rates of Mongolia are low, compared to rates in developing countries. To some extent, it is so low that almost equals to tax rates in offshore zones. A personal income tax rate of 10 percent is at the same level as that in the countries of the Middle East” said International Monetary Fund Resident Representative for Mongolia Neil Saker.
Ulaanbaatar /MONTSAME/ Mongolia and Japan business council held its meeting yesterday, March 13, appointing president and executive body of the council. MP and head of Mongolian and Japanese Parliamentary Group D.Sumiyabazar was appointed as the President of the council, which is joined by some 60 members.
Ulaanbaatar /MONTSAME/ During the annual Prospectors & Developers Association International Convention which was held in Toronto, Canada during March 05-08, 2017, Mongolian delegates held discussions regarding potential cooperation opportunities with the Toronto Stock Exchange representatives, Robert Peterman, Director of Global Business Development at the Toronto Stock Exchange (TSX) & TSX Venture Exchange and Ungad Chadda, President of Capital Formation for Equity Capital Markets at TMX Group (owner of Toronto Stock Exchange).
Ulaanbaatar /MONTSAME/ Last Friday, the Financial Regulatory Commission of Mongolia finalized more than 20 issues on its regular meeting. Khan Bank, Golomt Bank, Trade Development Bank, XacBank and State Bank had their licenses extended to conduct government securities trading services.