July 06th, 2015
- Economics – Mongolia's foreign reserves up in May. Read more about Economics
- Politics – PM Saikhanbileg urges UK companies to invest in Mongolia. Read more about Politics
- Business – Mongolia soon to sell stakes in major projects. Read more about Business
- Securities – Mongolian Stock Exchange weekly review. Read more about Securities
- Society – Mongolia's poverty rate continues to fall. Read more about Society
Mongolia's Prime Minister Saikhanbileg has visited United Kingdom last week and met with UK's Prime Minister David Cameron. They both discussed increasing investments between the two countries and PM Saikhanbileg has urged UK companies to work closer with Mongolia's SME's. Saikhanbileg has also told the audience at the "Asia House" event that Mongolia has created a business-friendly environment and is ready to work on non-mining related sectors such as education and free trade pacts.
The Mongolian Stock Exchange's Top 20 Index has declined further last week by 4.04%. Amongst the biggest movers were construction firm Bayanbogd, which gained 15% and closed at MNT 11.50. Leather makers Mongol Savkhi and coal miners Sharyn Gol both declined 18.60% and 18.34% respectively.
According to the World Bank report, the poverty rate in Mongolia last year stood at 21.6%, down from 27.4% in 2012 and driven by the continued growth in livestock incomes, pensions and real wages. Their findings showed that although the poverty rate fell by 5.8% between 2012 and 2014, the pace was slow compared to the 2010 and 2012 period when it dropped more than 11%. The World Bank was pleased with Mongolia's progress, but urged the government to do more to increase the pace.