Mongolia’s “Three Pillar” Plan for DevelopmentApril 13, 2018 by Jacob BlacklockClick here to view the original newsletter! Late last month the Mongolian Economic Forum held a “Uniting Power” session offering a vision of increased Public-Private Partnership (PPP) in investment. The forum included current government officials presenting details about Mongolia’s specific strategies and new policies for investment and development. An important part of the forum was an update on the “Three-Pillar Development Click Here to Read More
Swiss Case Raises Issue of Corruption in MongoliaMarch 30, 2018 by Jacob BlacklockClick here to view the original newsletter! The Federal Supreme Court of Switzerland has upheld the seizure of USD 1.85 million held in Swiss bank accounts with connections to a former Mongolian Minister of Finance. The seized accounts are alleged to have sent 10 million USD in illegal payments to the former Minister. The seizure stems from an investigation by the Click Here to Read More
Mining Leads as Mongolia Seeks to Diversify EconomyMarch 23, 2018 by Jacob BlacklockClick here to view the original Newsletter! This month the Ministry of Mining and Heavy Industry hosts “Mongolian Minerals and Mining 2018” investment seminar, which will examine the state of the Mining industry in Mongolia and review specific opportunities in hopes of encouraging in new investment in Mining projects. The Ministry hopes to emphasis public and private partnerships which will contribute Click Here to Read More
Registering 2/3rds of All Mongolians as Shareholders for a Single Company May be a Turning PointMarch 9, 2018 by Jacob BlacklockClick here to view the original newsletter! In 2012, Mongolia took the unique and possibly unprecedented step of distributing shares in Mining company Erdenes Tavan Tolgoi (Erdenes TT) to more than two thirds of Mongolian citizens (1,072 shares each). For several years since, the share ownership of many Mongolians has been “in name only” with these individuals not being able Click Here to Read More
Mongolia to Get Major Artificial Intelligence InvestmentMarch 2, 2018 by Jacob BlacklockClick here to view the original newsletter! Mongolia probably doesn’t strike you as an artificial intelligence hotspot, but one major company is planning on building a new artificial intelligence (AI) development center in Ulaanbaatar. The company, Data Artist, is a subsidiary of Dentsu, a major Japanese advertisement agency. The goal is to promote synergies between AI and marketing. Data Artist is Click Here to Read More
Mongolia Promotes Livestock Sector and Meat ExportsFebruary 23, 2018 by Jacob BlacklockClick here to view the original newsletter! The latest numbers from the Mongolia Ministry of Food, Agriculture and Light Industry show an estimated 66.2 million livestock in Mongolia in 2017. The majority of these are sheep and goats, with cattle horses and camels making up a much smaller portion. The trend in Mongolia is now an increase in the national Click Here to Read More
Mongolia Gains in Rule of LawFebruary 9, 2018 by Jacob BlacklockClick here to view the original newsletter!
Mongolians and foreign businesses with a presence in Mongolia will be glad to see the latest rankings for Mongolia by the World Justice Project (WJP). According to the WJP, Mongolia’s rule of law ranking has increased by four places in comparison to other nations of the world. Mongolia is now ranked at 51 Click Here to Read More