BY ABBEY GINGRAS
1
Our driver pulled into traffic in the crowded streets of Ulaanbaatar, grumbling to himself in Mongolian while nearly colliding with the car to our left. I looked at my sister in panic as I tried to grab for the seat belt hanging next to me.
“Don’t put that on, it’s rude,” my sister laughed at me. “If you wear...
Mongolia's TDB heard to hire banks for standalone US$300m bond
HONG KONG, Aug 24 (IFR) - Trade and Development Bank of Mongolia is said to have mandated three banks for a three-year $300 million stand-alone bond.
According to sources familiar with the matter, the banks are Deutsche Bank, Bank of America Merrill Lynch and ING.
Roadshows are expected to begin in early September.
In May TDBM issued a $500 million...
THE HIRSHON MONGOLIAN KHUUSHUUR – ХУУШУУP
Khuushuur Image Used Under Creative Commons License From http://cookwithoyuka.blogspot.com
Mongolia is a landlocked country in east-central Asia. It is bordered by Russia to the north and China to the south, east and west. Ulaanbaatar, the capital and...
U.S. Ambassador to Mongolia: Who Is Jennifer Zimdahl Galt?
On August 5, 2015, the Senate, by voice vote, confirmed Jennifer Zimdahl Galt, a career Foreign Service officer, to be the next U.S. ambassador to Mongolia.
Galt is from Fort Collins, Colorado, where her father, Robert Zimdahl, was a professor of bio-agricultural...
Why Mongolia should be on your rustic bucket list
KARAKORUM, MONGOLIA — A few weeks ago, I was bouncing down a bumpy Mongolian highway, seated in a Russian-made UAZ van with my wife and two friends. Our driver was a larger-than-life character named Oyunbaatar, or Ogii. He wore a beret and as he gripped the steering wheel, dodging potholes, he’d occasionally bark out streams of mystifying Mongolian.
In...
SouthGobi faces bankruptcy if unsuccessful to solve Mongolian tax dispute
TORONTO (miningweekly.com) – Coal producer SouthGobi Resources continued to seek an amicable resolution of its tax dispute with the Mongolian government, failing which, a court sanctioned financial penalty could trigger events of default with a Chinese funding partner and eventual bankruptcy.
SouthGobi, a subsidiary of Rio Tinto-owned Turquoise...
Mongolian President should veto new law granting amnesty for corruption says TI and TI Mongolia
The President of Mongolia should veto a new law granting amnesty for those under investigation for corruption, said Transparency International, the global anti-corruption movement and Transparency International Mongolia, its chapter in Mongolia.
The law was passed in a closed door session of the parliament on 11 August without the presence of the...
Potato Prices in Mongolia increased 21% in the last three weeks
Average price for potatoes in Mongolia increased by nearly 21% over the last three weeks, Mongolian News Agency GoGo reports. A rise in potato prices is not uncommon in Mongolia at the end of July and in early August as at this time sales of the new potato crop starts. Planting for the current potato crop in Mongolia started late due to continuous...
S. Korea, Mongolia hold working-level defense talks
SEOUL, Aug. 10 (Yonhap) -- South Korea and Mongolia held working-level defense talks in Ulaanbaatar Monday to discuss regional security issues, including North Korea's nuclear weapons program, the Defense Ministry said.
The ministry said that Yoon Soon-ku, the ministry's director general on international policy, met with his Mongolian counterpart,...
Mongolian Premier Replaces Cupboard Members Amid Instability Worries
ULAN BATOR (Reuters) – Mongolian Prime Minister Chimed Saikhanbileg has changed six members of his cupboard, a change the president stated might harm an already limping financial system and additional deter overseas buyers frightened about political stability.
Mongolia has promised to make use of its huge untapped mineral reserves...
Mongolia coalition on the rocks after six ministers axed
Mongolia’s governing “super coalition” is on the rocks following the forced resignation from the cabinet of six ministers belonging to the Mongolian People’s party.
The ministers, including the deputy prime minister, resigned following a parlimentary bill to discharge them that was introduced by Prime Minister Saikhanbileg Chimed of the Democratic...
Mongolia's second-largest party booted from coalition
Mongolia's prime minister ousted a key component of his ruling coalition government on Thursday just eight months after it was formed, amid political manoeuvering ahead of parliamentary elections next year.
Lawmakers approved a motion submitted by Prime Minister Chimediin Saikhanbileg of the Democratic Party (DP) to kick out six cabinet ministers...
