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National Emergency Commission meeting update
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The National Emergency Commission held a meeting on Monday due to the current COVID-19 situation, and the following decisions were made based on the vaccination process, its effectiveness, and future measures that will be taken.
Deputy Prime Minister S. Amarsaikhan noted that strict lockdown restrictions will not be imposed, but there will be stricter inspections for businesses that violate the infection control regime.
“Because the health and lives of people are of great importance, the National Naadam Festival may be postponed or canceled if the rate of infection does not subside. We will submit our proposal to the government for resolution,” he added.
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MPP Caucus supports making budget amendments before the National Naadam Festival
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Chairman of the Mongolian People’s Party caucus in Parliament, D. Togtokhsuren, briefed the media after the meeting of the caucus this week. MP D. Togtokhsuren said that caucus members support making budget amendments before the Naadam holiday and a discussion of amendments to the Labor Law. MP D. Togtokhsuren noted that a budget amendment is necessary due to recent government policy measures taken to mitigate risks regarding COVID-19, and based on the changes made, the government must decide whether to continue some of the subsidies and cash benefits that have been granted during the pandemic.
The Century News /page 2/
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DP group in Parliament supports withdrawing the bill on virtual asset services
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The Democratic Party caucus in Parliament has stated that the draft legislation on virtual assets services submitted to Parliament should be withdrawn, stating that it harms individual investors in the financial market. The bill includes a disclaimer that states the government is not responsible for investors losing their capital when they invest in virtual assets, and also stated that companies need to inform potential investors that their services have a high financial risk.
The Century News /page 2/
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Invescore bond issued on the primary market
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Primary market trading of the first tranche of Invescore bonds, valued at 8 billion MNT, started on Monday. The Invescore bond is the second bond issued by the company this year. As bank interest rates have fallen, the number of individuals and businesses interested in the stock market has increased. The Financial Regulatory Commission has pointed out that the number of requests for new products, especially bonds, has increased. Industry experts also expect bond trading to pick up in the coming years.
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