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Mongolia , Monday 09 December 2019

News Mongolia Finance: Minister Wheeler visits Mongolia

Published on: Wednesday 16 October 2019
Minister Wheeler visits Mongolia
News source: https://www.gov.uk/government/news/minister-wheeler-visits-mongolia

the Deputy Minister of Finance, and the State Secretary of Ministry of Foreign Affairs. Her discussions were broad-ranging and covered trade and investment, democracy, media freedom, climate change, ...

News Mongolia Finance: Anti-Money-Laundering Watchdog Puts More Pressure on Iran

Published on: Friday 18 October 2019
Anti-Money-Laundering Watchdog Puts More Pressure on Iran
News source: https://www.wsj.com/articles/anti-money-laundering-watchdog-puts-more-pressure-on-iran-11571439451

“The Financial Action Task Force has determined that enough is enough.” The FATF also added Iceland, Mongolia and Zimbabwe to its list, saying the jurisdictions don’t fully comply with its standards.

News Mongolia Finance: TDB launches instant card issuance in Mongolia

Published on: Wednesday 09 October 2019
TDB launches instant card issuance in Mongolia
News source: https://www.bobsguide.com/guide/news/2019/Oct/9/tdb-launches-instant-card-issuance-in-mongolia/

One of the largest banks in Mongolia, Trade and Development Bank (TDB), has launched the country's first instant card issuance project with support from Compass Plus, an international provider of retail banking and electronic payments software to payment processors and financial institutions. TDB wanted to make the process of obtaining a bank card easier for its customers by reducing the number of branch visits required. By utilising TranzAxis Instant Issuance from Compass Plus, the bank is able to issue a card on the customer’s first branch visit, providing a fast and seamless banking experience, which is essential for TDB to stay ahead in a highly competitive market. Instant card issuance is currently carried out by TDB branch tellers. In the future, the bank aims to roll out self-service kiosks where bank customers will be able to issue a card without any assistance. This innovation will accelerate the customer experience, while drastically reducing the bank's operating costs. Compass Plus and TDB have been partners for nearly 20 years, implementing several projects efficiently together. In that time, the bank has become a major player in the Mongolian financial sector. “We decided to introduce instant card issuance to not only drive customer loyalty, but decrease the cost of internal processes – something that has always been crucial for the bank,” said Khatanbaatar.L, Head of Unit / Processing Unit at TDB. “When we set about choosing a partner for the project, we had no doubts that Compass Plus was the right fit, as it has proved professional while meeting challenges of any complexity time and time again.” About TDB: Trade and Development Bank (TDB) LLC was established in 1990 and over the past decades, has become a leading banking and financial services provider in Mongolia. TDB, the oldest bank in Mongolia, prides itself for its leading position in the universal banking service provider, offering over 130 types of international standard banking products, professional and user-friendly banking services. The bank acts as a primary lender to most of Mongolian leading corporations, as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors. TDB is the biggest processing center in Mongolia serving 8 sub-agents banks in its processing system. www.tdbm.mn About Compass Plus: Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions and payment service providers meet rapidly changing market demands. Our diverse customer base spans retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With 30 years’ experience in the sphere of application development for retail banking systems, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers. www.compassplus.com

News Mongolia Finance: Mongolian nomads create shared funds and financial security

Published on: Wednesday 02 October 2019
Mongolian nomads create shared funds and financial security
News source: https://www.devex.com/news/mongolian-nomads-create-shared-funds-and-financial-security-95673

Later this year, this group’s shared fund will formalize into a savings and credit union — the newest of dozens of herder-owned financial institutions that leaders at the Mongolian Association of ...

News Mongolia Finance: Is Mongolian Mining Corporation's (HKG:975) P/E Ratio Really That Good?

Published on: Sunday 18 August 2019
Is Mongolian Mining Corporation's (HKG:975) P/E Ratio Really That Good?
News source: https://finance.yahoo.com/news/mongolian-mining-corporations-hkg-975-003100560.html

Mongolian Mining saw earnings per share decrease ... and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

News Mongolia Finance: Rio Tinto's Mongolian mine hit by $873m impairment

Published on: Wednesday 31 July 2019
Rio Tinto's Mongolian mine hit by $873m impairment
News source: https://www.afr.com/companies/mining/rio-tinto-s-mongolian-mine-hit-by-873m-impairment-20190801-p52ctg

impairment against the carrying value of Mongolia's Oyu Tolgoi copper and gold mine. Turquoise Hill is 50.79 per cent owned by Rio Tinto, and Thursday's confirmation of an impairment came just hours ...

News Mongolia Finance: Does Mongolia Energy Corporation Limited's (HKG:276) CEO Pay Matter?

Published on: Thursday 08 August 2019
Does Mongolia Energy Corporation Limited's (HKG:276) CEO Pay Matter?
News source: https://finance.yahoo.com/news/does-mongolia-energy-corporation-limiteds-072603824.html

Mongolia Energy Corporation Limited has increased ... and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. ...

News Mongolia Finance: Rio asks Mongolia for clarity as funding challenge mounts

Published on: Sunday 11 August 2019
Rio asks Mongolia for clarity as funding challenge mounts
News source: https://www.afr.com/companies/mining/rio-asks-mongolia-for-clarity-as-funding-challenge-mounts-20190809-p52fgv

Securing funds to cover billion-dollar cost blowouts on Rio Tinto's Mongolian copper project will be difficult ... talking to lenders about increasing the existing $US4.4 billion finance package for ...

News Mongolia Finance: China's Baoshang Bank failure has silver lining in the form of greater focus on rural lending

Published on: Tuesday 23 July 2019
China's Baoshang Bank failure has silver lining in the form of greater focus on rural lending
News source: https://finance.yahoo.com/news/chinas-baoshang-bank-failure-silver-093000373.html

The midsummer heat had sent the farmers from the village of Wujia Gedu back to their single-storey flat-roof houses before noon, while outside, endless fields of corn swayed gently in a lunchtime breeze.Few vehicles passed on the narrow road between the green waves of corn, apart from a handful of buses

News Mongolia Finance: Does Mongolian Mining Corporation (HKG:975) Have A Volatile Share Price?

Published on: Tuesday 23 July 2019
Does Mongolian Mining Corporation (HKG:975) Have A Volatile Share Price?
News source: https://finance.yahoo.com/news/does-mongolian-mining-corporation-hkg-231420768.html

This article aims to educate investors about beta values, but it's well worth looking at important company-specific fundamentals such as Mongolian Mining’s financial health and performance track ...

News Mongolia Finance: ADB, Mongolia sign deal to develop ecotourism in two national parks

Published on: Monday 17 June 2019
ADB, Mongolia sign deal to develop ecotourism in two national parks
News source: https://www.phnompenhpost.com/business/adb-mongolia-sign-deal-develop-ecotourism-two-national-parks

The Asian Development Bank (ADB) and the Mongolian government on Friday signed a $38 million loan to develop ecotourism in Khuvsgul Lake National Park and Onon-Balj National Park to serve as models for economically inclusive development and conservation in Mongolia.

News Mongolia Finance: One Thing To Remember About The Mongolia Energy Corporation Limited (HKG:276) Share Price

Published on: Wednesday 12 June 2019
One Thing To Remember About The Mongolia Energy Corporation Limited (HKG:276) Share Price
News source: https://finance.yahoo.com/news/one-thing-remember-mongolia-energy-073731393.html

This article aims to educate investors about beta values, but it's well worth looking at important company-specific fundamentals such as Mongolia Energy’s financial health and performance track ...

News Mongolia Finance: There are 3 reasons China just took over a bank for the first time in 20 years, and 2 of them are a huge deal

Published on: Thursday 06 June 2019
There are 3 reasons China just took over a bank for the first time in 20 years, and 2 of them are a huge deal
News source: https://www.businessinsider.com/china-baoshang-bank-takeover-why-it-matters-2019-5

The question isn't why the Chinese government took over Baoshang Bank — a small commercial bank in Inner Mongolia — but rather why the ... takeover of a Chinese bank since the country's financial ...

News Mongolia Finance: China's 'mini-Lehman' moment to spur smaller bank consolidation

Published on: Thursday 06 June 2019
China's 'mini-Lehman' moment to spur smaller bank consolidation
News source: https://finance.yahoo.com/news/chinas-mini-lehman-moment-spur-231340455.html

HONG KONG/BEIJING (Reuters) - China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States. Mergers of weaker

News Mongolia Finance: DLA Piper Picks Up Projects Partner in Singapore From Freshfields

Published on: Thursday 30 May 2019
News source: https://www.law.com/legal-week/2019/05/30/dla-piper-picks-up-projects-partner-in-singapore-from-freshfields/

as a project development and finance partner in Singapore. Seah specialises in the development and financing of projects in the power, infrastructure, mining, metals, oil and gas, and petrochemicals ...

News Mongolia Finance: Financial risks generally controllable in China: central bank

Published on: Sunday 02 June 2019
News source: http://www.ecns.cn/news/2019-06-03/detail-ifziupva1115757.shtml

The liquidity of China's financial market has been sufficient with financial ... regulator announced last Friday that the joint-equity commercial bank in the Inner Mongolia Autonomous Region would be ...

News Mongolia Finance: China central bank urges calm after Baoshang takeover

Published on: Sunday 02 June 2019
News source: https://www.reuters.com/article/us-china-pboc-liquidity/banking-system-liquidity-ample-after-baoshang-bank-takeover-chinese-central-bank-idUSKCN1T30EZ

SHANGHAI (Reuters) - China’s central bank sought to calm investors on Sunday after last month’s takeover of Inner Mongolia-based Baoshang Bank ... that regulators planned more takeovers of financial ...

News Mongolia Finance: Online Course Covers Fundamentals of Sustainable Finance

Published on: Tuesday 04 June 2019
News source: http://sdg.iisd.org/news/online-course-covers-fundamentals-of-sustainable-finance/

provides examples of UN-supported initiatives to promote sustainable finance in such countries as Mongolia and Indonesia, and shares insights gained during activities in emerging economies and ...