– GDP expanded by 4.7% in 2022 and is forecast to grow by 5.2% in 2023 – Coal exports rose by 102% in volume and 135% in value in 2022 thanks to higher prices – New railway links are streamlining trade to China and Russia – Green agriculture and energy, as well as services and tourism, are targeted growth areas High commodity prices and rising coal exports are propelling…
As the rhetoric from the US White House swerves from combative to compromise and back again, uncertainty in the global trading environment is creating potential pitfalls for emerging markets the world over. In the Association of South-East Asian Nations (ASEAN), which counts China as its largest trading partner, member states watch with trepidation as President Donald Trump ramps up threats of levies…
On acceleratinginfrastructure development in the region What do you think is driving the growing infrastructure gaps throughout emerging and developing economies in Asia? LEE: The three main driving forces are demographics, economics and politics, which are interdependent. If you look at demographics, you can see a lot of similarities between parts of Asia and Africa, where there is also…
A plan to develop oil refining capabilities could see Mongolia enhance its energy security, curb its energy import bill and broaden the scope of its manufacturing industry. The proposed refinery, to be located in the Sainshand soum (district) in the province of Dornogovi, is forecast to cost around $700m, with a further $264m to be spent on pipelines needed to bring crude to the plant from local…
Mongolian Slower economic growth and rising debt levels were the main themes of the past year, though Mongolia’s new government is acting to restore foreign investor confidence while seeking to curb the country’s growing budget deficit. New government Swept into office in general elections held at the end of June, winning 65 of the 76 parliamentary seats, the Mongolian People’s Party (MPP)…
Mongolian Rising debt levels and a cooling economy are among the challenges facing Mongolia’s new government; however, signs of modest recovery are apparent in some sectors of the resource-rich nation. The fall in commodity prices has seen the pace of Mongolia’s economic growth tumble from a global high of 17.3% in 2011 to the IMF’s forecasted 0.4% this year. However, with positive increases…
While there are still few challenges to expect, in addition to Mongolia’s new parliament election, the commodity market is on the brink of a possible recovery. This year’s forum will concentrate heavily on the new government’s policy within the mining and exploration sector of Mongolia. Throughout its 14 years, the Discover Mongolia event has been one of the most efficient information-sharing…
Mongolian Cheaper credit and signs of long-awaited movement in Mongolia’s mining industry are fuelling hopes of a rebound in the country’s banking sector. The outlook for Mongolia’s banks has been less than favourable of late, with analysts citing both higher levels of non-performing loans (NPLs) and a fall in lending activity as cause for concern. However, newfound stability, improved business…
Expo Mongolia, the international trade fair in Ulaanbaatar, is the meeting place for all industries. Official pavilions and individual exhibitors will have a unique networking platform in the expanding eastern market to establish business contacts, as well as to present new innovations to trade with professionals from Mongolia and surrounding countries. Expo Mongolia is also honoured to receive the…
In addition, the organising committee will hold seminars with guest speakers from the government and its agencies, academic scholars, business professionals, who will cover topics including the government’s policy on mineral resource and newly adapted laws. It will also cover mining and infrastructure projects in Mongolia and the trends and forecast for the industry and more. The expo is organised…
