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Interview

B. Jugder, President, National Development Corporation: Interview
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Interview: B. Jugder What can construction companies do to remain competitive despite the economic downturn? B. JUGDER: For too long, the market has been dominated by real estate developers that double as construction companies, and vice versa. However, both tasks require different skill sets. When only one company buys land, and invests in infrastructure and new buildings, there is a natural tendency…
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R. Ganbold, CEO, Unitel: Interview
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Interview: R. Ganbold How are changing trends in mobile usage impacting the profitability of the telecoms industry? R. GANBOLD: Subscriptions have grown rapidly over the past decade. In terms of traditional telecom services, such as voice and SMS, the market is nearing saturation, with a penetration rate in excess of 100%. While usage growth for these services is beginning to decline as a result,…
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P. Margad-Erdene, Executive Director, ICN LLC, on the challenges of network extension: Viewpoint
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The deployment of the fibre-optic cable network in Mongolia requires a huge amount of investment, as the country has a vast territory and a scattered population. To that end, the government of Mongolia has undertaken several master plans, programmes and projects to develop the ICT sector. The deployment activities for the backbone of the fibre-optic network are progressing step by step, with different…
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Ts. Jadambaa, Chairman, the Information Technology, Post and Telecommunications Authority (ITPTA): Interview
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Interview: Ts. Jadambaa What are the ITPTA’s goals for the further development of Mongolia’s ICT sector? TS. JADAMBAA: Over the past two years, the ITPTA has been working on completing seven primary goals for the sector: launching a national satellite programme, building an effective e-government services platform, ensuring adequate internet connectivity, changing from analogue to digital broadcasting…
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M. Oyunchimeg, CEO, Mongolian National Chamber of Commerce and Industry: Interview
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Interview: M. Oyunchimeg What changes would the private sector like to see in terms of the business environment? M. OYUNCHIMEG: There are several, but in general the government needs to more effectively bring the business community into the policymaking process. Our new prime minister seems committed to the idea of business development, which has been very encouraging to the private sector. We were…
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Ts. Erdenebileg, CEO, APU Company: Interview
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Interview: Ts. Erdenebileg How has the beverage industry performed in 2014 compared to the previous year? TS. ERDENEBILEG: The beverage industry in Mongolia has faced a somewhat difficult year in 2014 due to the general downturn in the economy. Sales of all types of beverages are not growing at the same pace that we saw just a few years ago, and the depreciation of the tugrik has put a further dent…
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Sh. Gungaadorj, Former Mongolian Prime Minister, and Head, Mongolian Farmers and Flour Producers Association: Interview
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Interview: Sh. Gungaadorj What can Mongolia do to make more effective use of its sizeable livestock population? SH. GUNGAADORJ: Owing to the long tradition of nomadic lifestyles in Mongolia, livestock has been and continues to be a fundamental source of income for the population. Despite growing challenges such as mass migration to urban areas, Mongolia still maintains an abundant supply of cattle,…
Interview

B. Indraa, Executive Director, Tourism for Future NGO, and Director of the Governing Board, Mongolia National Tourism Organisation: Interview
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Interview: B. Indraa How will being the official partner country for International Tourism Bourse (ITB) Berlin 2015 benefit Mongolia’s tourism industry? B. INDRAA: ITB is the premier tourism and travel trade show in the world, and the significance of us participating, besides learning more about current trends in global tourism development, is the opportunity to secure partners and sign contracts.…
Interview

D. Onchinsuren, Country Managing Partner, Deloitte Onch LLC, on the implementation of International Financial Reporting Standards: Viewpoint
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The Accounting Law of Mongolia was passed in 1993 – well before the Company Law (1999) was introduced – and it was one of the first business laws to embrace the country’s transition to a market economy. The Accounting Law introduced the accrual method of accounting and required that entities follow international accounting standards when preparing financial statements. To implement the Accounting…
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David Beckstead, Foreign Legal Consultant at Lehman, Lee & Xu, on reviving Mongolia’s appeal as an investment destination: Viewpoint
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Throughout 2014 there was a continuation of the drastic decline of foreign direct investment (FDI) in Mongolia, a shift that began in early 2013. With global commodity prices remaining low, and the dispute between the Mongolian government and Rio Tinto over the Oyu Tolgoi copper and gold mine ongoing, an economic recovery does not seem likely in the short term. However, I believe that in the long term…