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BCM Mongolia NewsWire Headlines June 21 PDF Print E-mail
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Sunday, 21 June 2009 21:56

BCM Mongolia Newswire Headlines Business

Elbegdorj prefers 50% profit sharing to part ownership in OT
Moody's downgrades ratings of Khan, TDB, and Xac banks
Centerra settles Boroo dispute, to pay more redundancy benefits
Boroo mine operating license suspended for up to 3 months
Progress on several issues at talks with Ivanhoe, says Zorigt
“Two neighbors” blamed for delaying Tolgoi agreements
Robert Shapiro back in Mongolia to help with OT agreement
Government wants to suspend all uranium licenses
Rabobank leads Erdenet copper pre-financing
Red Hill Energy agrees to sell Ulaan Ovoo mines to Falcon Mining
ZTE clicks deal with Skytel
Chinese firm to extend oil drilling work after initial success
5,177 mining licenses granted this year
Unpaid dues from power plants may force coal mines to close down
Petroleum prices up, but less than importers wanted
Staff complain about way Anod Bank is being run
7 banks tie up with MoneyGram to make Euro transactions easier
Khan Bank team visits herders to provide relief
Copper slides on weak US data, stronger dollar
Goldman sees 2010 copper price at USD5,800 a ton
Chinalco praises Australia, hints Rio is to blame
Australia sees good in BHP-Rio tie, China sees red
Rio Tinto launches rights issue, warns outlook 'uncertain'
Shenhua retains focus on Mongolian coal mines
Chinese company wants to buy 20% shares of Denison Mines
U.S.-Mongolia Business Forum focuses on energy
Depleting water resources discussed at conference.

Economy:

World Bank boss urges transparency to attract private investment
Central Bank again reduces interest rate
Industrial output falls 7.2% yoy
Money supply rises, but still lower than a year ago
Steep rise in unemployment
Trade turnover less, so is deficit
Sharp fall in freight and passenger traffic
Tax revenue falls 29.8%, pushing up budget deficit
Consumer prices rise 8% yoy, 0.1% mom
Average household spends more than it earns, survey finds
All tax refunds to be paid by June
Business wants MPs to hear what it needs
Loans to SMEs will raise GDP in Ulaanbaatar to MNT7 million per head
World Bank to help ‘professional inspection’ turn more professional
New market access for Canadian livestock in Mongolia
Crisis rumbles along the Mongolian steppe
MPs discuss competition law amendments with MNCC.

Politics:

Elbegdorj sworn in, says he will fulfill people’s demand for reform and change
Ex-President does not have a bank account, PM does not have a car
Enkhbayar hosts farewell dinner for MPs
MPRP members call for changes in party
Medical graduates no longer need two years’ training
Crimes rise
NGO faults TV channels on coverage of presidential election
World Bank leads support to Mongolia’s statistical system
Three held for Mongolia’s first credit card fraud.


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Last Updated on Sunday, 21 June 2009 22:04
 
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