In EnglishМонгол улс: Жижиглэнгийн худалдааны тухайМонгол улсын засгийн газраас хөрөнгөтэй хэрэглэдгчид дээр тулгуурлан жижиглэнгийн үйлдвэрлэлийг хөгжүүлэх арга хэмжээг дэмжиж үйл ажиллагаа явуулсан. Гэсэн хэдий ч гаргасан…
All eyes on foreign investment laws as country prepares to drive mineral growth. Mongolia’s plans to attract investors who can help the country tap its vast quantities of mineral reserves are put under scrutiny in a new report produced by the global publishing, research and consultancy firm Oxford Business Group (OBG). The Report: Mongolia 2013 shines the spotlight on the country’s foreign investment…
In EnglishМонгол улс: МХТ том зорилтЗасгийн газраас 2012 оны сүүлээр Монгол улсын анхны сансрын антентай болох тухай асуудлыг баталсан нь улсын мэдээлэл, холбооны технологийг хөгжүүлэхэд жинтэй хувь нэмэр болж байна. Түүнчлэн…
THE COMPANY: Originally a state-owned company, Sharyn Gol was partially privatised and listed on the Mongolian Stock Exchange in 1995. It became 100% private in 2003. The firm has undergone complete restructuring since a New York-based company, Firebird Fund, acquired 61% of it. In January 2011 Sharyn Gol was named “most transparent joint stock company” at an event organised for the 20th anniversary…
Despite its relatively small size, retail banking in Mongolia has emerged as a key battleground for larger lenders in recent years. With some 77.7% of Mongolians holding an independently-obtained bank account in 2012, according to the World Bank, thanks to previous governments’ policies of cash handouts, the adult market is near saturated. The density of account holders in fact leads Malaysia…
One of the most controversial topics in Mongolia during 2012 was the introduction in May 2012 of a new foreign investment law. Aimed at giving the government and parliament more control over foreign investment activity in the country, the law also led some foreign investors to suggest the investment climate in Mongolia had soured. In January 2013 news came the law would be revised to assuage concerns.…
THE COMPANY: The name APU comes from Arkhi Pivo Undaa (vodka, beer, drinks). Established in 1924, three years after Mongolia’s communist revolution, APU is the country’s largest beverage producer, and its first national brand. The company was partially privatised in 1992, with 51% of its shares being retained by the state and 49% sold through the Mongolian Stock Exchange. In 2001 the remaining…
Although the first life insurer licence was awarded to National Life Daatgal in 2008 and premium income has more than doubled every year since, the segment remains minor, accounting for a mere $244,000 in premiums in the first half of 2012, out of the industry total of $29.4m. Established by Mongolian Investment Holding Group, the underwriter has prompted others to announce their interest in launching…
The number of brokers and dealers more than doubled between 2009 and 2012, yet trading modernisation looks set to catalyse consolidation. In 2011 the top 10 of the 76 brokers performed daily trades amounting to more than 91% of the market, and the financial viability of most brokerages remains doubtful. As the World Bank and IMF noted in a June 2012 assessment of the financial sector, “Most intermediaries…
As a landlocked country, with two giant nations enclosing its northern and southern frontiers, Mongolia has long seen much of its economic activity dominated by relations with Russia and China. In recent times, though, Ulaanbaatar has been trying to widen its overseas channels, instituting a “third neighbour” policy to provide extra balance – and negotiating power – in its deals with Beijing…
