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Mongolia to receive COVID-19 vaccines from India
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The Prime Minister of Mongolia, U. Khurelsukh, sent an official letter to the Prime Minister of India, Narendra Modi, expressing his interest in acquiring the COVID-19 vaccine produced in India. On Tuesday, the Ambassador of India to Mongolia, Mohinder P. Singh, met with Prime Minister U. Khurelsukh and presented a letter from Prime Minister Modi, approving the supply of vaccines to Mongolia. Online training is being provided to 150 Mongolian doctors, starting on January 19, 2021, as part of the vaccine supply effort. The quantity and delivery schedule for the vaccine will be agreed upon through diplomatic channels.
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AmCham held its January Monthly Meeting with Deputy Prime Minister Ya. Sodbaatar
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The American Chamber of Commerce (AmCham) in Mongolia successfully held its January Monthly Meeting, hosting the Deputy Prime Minister and Head of the National Emergency Commission, Ya. Sodbaatar, and held with the theme "Addressing the COVID-19 Pandemic in Mongolia". Over 70 AmCham members and other stakeholders attended the meeting.
Chairman of AmCham Mongolia James Liotta delivered opening remarks, highlighting how COVID-19 outbreak prevention measures have affected local businesses and how the U.S. government is taking action, supporting businesses with specific guidelines on best practices. He stated that Mongolia needs a clear strategy for restarting the economy, such as strong and clear legislation for companies, and the rapid implementation of the Transparency Agreement to fight corruption in Mongolia.
Deputy Prime Minister Ya. Sodbaatar updated the attendees on the government's actions to fight the pandemic, vaccine plans, and the government's measures to promote businesses and exports during these unprecedented times. He also answered questions from the audience. He expressed his willingness to cooperate with private sector representatives to improve the tax environment and to address other pressing issues faced by businesses.
Daily News /page 9/
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Resolution to remove Mongolia from the EU's AML/CFT blacklist effective February 8
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The European Commission passed a resolution in December 2020 to remove Mongolia from the list of third countries with high financial risk, a blacklist of countries with weak anti-money laundering and combating the financing of terrorism (AML/CFT) measures. Minister of Finance Ch. Khurelbaatar reported that the resolution was published in the January 19 issue of the European Union's official journal, and the resolution will come into force on February 8.
EU Ambassador to Mongolia Traian Laurentiu Hristea expressed confidence that Mongolia will continue to cooperate with the European Union on AML/CFT measures.
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Mongolia Energy Corporation announces it will issue stock options
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On Tuesday, Mongolia Energy Corporation, listed on the Hong Kong Stock Exchange, has announced that it is offering stock options to potential investors.
The option includes 16.5 million ordinary shares valued at 0.02 HKD per share. Shares of Mongolia Energy Corporation, which mines coal at the Khushuut mine and exports coal to China's Xinjiang Uygur Autonomous Region, have fallen about six percent since Tuesday's start of trading on the Hong Kong Stock Exchange.
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My Mongolia by J. Peter Morrow is available on Amazon
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The book's author J. Peter Morrow ("Pete") Morrow was an international banker from the United States who arrived in Ulaanbaatar, Mongolia, in 2000 to turn around struggling Agricultural bank, formerly the Soviet "monobank" serving the entire country. His job was to help lead the eighty-year-old institution into the twenty-first century and build it into a modern competitive organization. His endeavor was a success, and Pete transformed the failing bank into a thriving modern institution, today's Khan Bank of Mongolia.
Peter Morrow's experiences in Mongolia were remarkably extensive and hugely impactful on the country itself, all of which he conveyed beautifully in My Mongolia. I recommend it wholeheartedly for anyone seeking to understand the country - its economy, politics, and culture - especially the early years of its democracy. And I recommend it for anyone who wants to experience the sheer enjoyment of an American expat hungry to live fully and passionately in a country he came to love, commented the U.S. Ambassador to Mongolia Michael S. Klecheski.
Pete's "My Mongolia" is a must-read for anyone who has lived or lives or intends to live in Mongolia, both Mongolians and foreigners. His stories of corrupt and incompetent politicians and government officials sadly still ring true a decade and more after. His observations of Mongolian culture and traditions make this book an anthropological and historical guidebook to contemporary Mongolia, about which almost nothing has been written. Just ten years into democracy and pitch patch attempts at a market economy, Pete arrived in Mongolia to save Khan Bank, and by doing so, made banking one of the handful of successful industries in Mongolia. His contribution to the revival of Mongolia's art and culture scene should be equally applauded, commented Munkhdul Badral Bontoi from Cover Mongolia.
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