Moody’s assigns B3 to commercial banks


Moody’s has introduced its regular assessments to commercial banks. The bond credit rating company assigns B3 to Mongolia’s State Bank, Trade and Development Bank, Xas Bank and Golomt Bank the same as the Government of Mongolia (GoM). This has not changed from previous reviews. According to the assessment, GoM is likely to support banks with… Read more »

“SUU” company operated with profit of MNT 4.19 billion


“Suu” company announced financial report of half year of 2019 yesterday. The company has earned MNT 37.2 billion during the period. Also, the company has operated with profit of MNT 4.19 billion or profit of MNT 12.17 at per share. Comparing to the same period of last year, an amount of revenue increased by MNT… Read more »

CAD 2 million has been raised for “Khundii” project


“Erdene Resource Development Corporation” company listed on Mongolia and Toronto Stock Exchange, announced that the company has raised CAD 2 million within the closed framework yesterday. The company sold 10 million shares and per share was CAD 0.2. The use of proceeds will be spent for producing independent and preliminary feasibility study, drilling work to… Read more »

Eight companies have allocated their dividends


30 companies have decided to distribute dividends to the shareholders from their financial net profit of 2018, which is an amount that the most companies have distributed their dividend since 1997 and MNT 110 billion has been budgeted. By the yesterday, eight companies have allocated their dividend at Central Securities Depository. “Tavantolgoi”, “Mandal Insurance” and… Read more »

FRC has approved to issue an asset-backed securities to the “MIK Active 9” LLC


Financial Regulatory Commission has permitted special license to the people to execute operation of delegations of three insurance companies. Financial Regulatory Commission discussed four issues of securities sector out of which FRC has granted special license of operation to issue an asset-backed securities to the “MIK Active 9” LLC and registered an asset-backed securities of… Read more »

President Kh.Battulga sends official letter on returning proposal


Battulga

President of Mongolia Kh.Battulga has submitted an official letter about turning down a proposal of Prime Minister J.Erdenebat.   The official letter reads, “I have looked through the official letter on “Submitting a Proposal”, numbered 1-115 issued on August 22, 2017 by you. According to the letter, you are proposing to dismiss Ukhnaagiin Khurelsukh from… Read more »

IAAC: Deputy PM U.Khurelsukh has organized the alleged spying and trailing himself


2017.08.25

Independent Authority against Corruption (IAAC) concluded that Deputy PM U.Khurelsukh has organized the alleged spying and trailing himself and submitted the case to Prosecutor’s Office him as a suspect.   Deputy PM U.Khurelsukh cooperated with his brothers Otgonbayar and Amarsanaa, who work in the police department, and organized the spying and trailing for himself, and… Read more »

They did not promise to don’t wear double coat


2017.08.24

Some members of the MPP in Mongolia have submitted their request to resign Prime Minister J.Erdenebat to the deputy chairman of the Parliament Ya.Sanjmyatav.   MP T.Ayursaikhan said that “Members of the parliament are proposal to resign Prime Minister J.Erdenebat in accordance with Article 43.4 of the Constitution and Article 7.1.12 of the Law on… Read more »

The Prime Minister exchanged views on coal exports


2017.08.23

Prime Minister of Mongolia J.Erdenebat receives delegates led by Vice President Lu Chunlian, Vice President of Chinalco, China.   In recent days, the coal ports at Gantsmod have been significantly reduced. The Prime Minister exchanged views on increasing coal exports from the Ambassador of the People’s Republic of China to Mongolia. The Ambassador said that… Read more »


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