Archive for December, 2009

“Mongolian Law and Legal Environment” with James Liotta of Lehman Lee & Xu

By , 21 December, 2009, 3 Comments

James Liotta Lehman Lee XuOverview: Mongolia has a developing judicial system, sometimes even described as “rotten to the core”.  People need to do due diligence before coming to Mongolia to do business.  Following the law to your best ability from the beginning will help prevent issues later.

For business news, the state budget containing 76 Billion tugrugs or 1 billion tugrug per each MP, has been passed, even after a veto by the President of Mongolia.  Millennium Challenge Account is investing more than hundred million USD for clean air and road infrastructure projects.  Boroo Gold mining company has agreed to donate 1 million USD for new national park being developed in Ulaanbaatar.

For “Mongolia Business” podcast update, we received some recommendations from one of our listeners.  We also received a five star review on iTunes.

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Democracy, Railroad, & Jim Dwyer of Business Council of Mongolia

By , 12 December, 2009, 5 Comments

MONGOLIA BUSINESS PODCAST #4 HIGHLIGHTS

20th anniversary of Mongolian democracy, railroad, & BCM Executive Director Jim Dwyer

December 11, 2009: December 10th is a very important day in Mongolian history.  On this date, Mongolians gathered at the square and peacefully protested for democracy of Mongolia. It was one of the most peaceful yet successful demonstrations in history…  (Download the podcast here: Mongolia Business podcast)

There is a dispute over the railroad between the private sector and Mr. Battulga, the Minister of Road and Transportation.  Additionally, there is a need for a railroad in South Gobi.  Current transportation methods do not meet the needs to transport the mining resources.  Leighton LLC has just been contracted to build the railroad, separately from the mining contract…

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Nuclear Energy and Uranium in Mongolia

By , 11 December, 2009, 2 Comments

Mr. Eric de SEZE, General Director & CEO of Areva Mongolia, “Nuclear Energy and Uranium” “PART TWO of BCM Meeting Highlights”

On Monday, December 7, 2009, Business Council of Mongolia (BCM) held its last meeting of the year.  Guest speakers Mr. B. Enhuyag, First Deputy Governor of Bank of Mongolia and Mr. Eric de SEZE, General Director & CEO of Areva Mongolia discussed “Views on Current Macro-Economics and Mongolia’s Banking Sector” and “Nuclear Energy and Uranium”, respectively.

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Current Macro-Economics and Mongolia’s Banking Sector

By , 11 December, 2009, 1 Comment

Mr. B. Enhhuyag, First Deputy Governor of Bank of Mongolia, “Views on Current Macro-Economics and Mongolia’s Banking Sector” “PART ONE of BCM Meeting Highlights”

On Monday, December 7, 2009, Business Council of Mongolia (BCM) held its last meeting of the year.  Guest speakers Mr. B. Enhhuyag, First Deputy Governor of Bank of Mongolia and Mr. Eric De SEZE, General Director & CEO of Areva Mongolia discussed “Views on Current Macro-Economics and Mongolia’s Banking Sector” and “Nuclear Energy and Uranium”, respectively.

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December 2009: Cultural Events of the Month

By , 8 December, 2009, 3 Comments

A friend of mine emailed me this.  The source was “The Arts Council of Mongolia“.

Enjoy!

BEST ARTWORKS OF THE YEAR

Modern Art Gallery

Dec 4 – Dec 30

The Modern Art Gallery of Mongolia is hosting its annual ‘Best Artworks of the Year’ competitive exhibition from December 4 until December 30. There are 120 artworks in the exhibition, and they will be judged over two weeks. A select few will then be brought into the gallery’s collection at the conclusion of the exhibition.

For more information please call 327177 or 331687

NATIONAL FOLK SONG AND DANCE ENSEMBLE

(Tel: 323954, 99283116, 88083116)
Web address: www.mon-ensemble.mn

  • 14-15th 7 PM   ‘Mongolian Melody’ performance

CENTRAL CULTURAL PALACE

(Tel: 321444, 328833, 323954)

Please call for a detailed schedule

STATE PHILHARMONIC HALL

(Tel: 70118012)

Please call for a detailed schedule

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Traffic Stop Line, IT Industry, & Mongolian hackers

By , 5 December, 2009, 1 Comment

MONGOLIA BUSINESS PODCAST #3 HIGHLIGHTS

December 4, 2009: This week, we discuss traffic laws, Mongolian IT industry, and Mongolian hacker vs. a peeping Mongol.  (Download the podcast here: Mongolia Business podcast)

Mongolians and ex-pats alike may have noticed that cars are no longer stopping on pedestrian crossings.  There is a reason for that.  For the past two weeks, any automobile that stopped past the traffic stop line for cars, was fined 5,000 or 10,000 tugrugs (3-8 dollars).  This is 3-8 percent of minimum wage.  There is also an upcoming jaywalknig law with fines as much as 20,000 to 30,000 tugrugs…

Bayarsaikhan started Singleton LLC three years ago.  After some employee and startup challenges, the web development is starting to pick up steam.  In March, the company launched BizNetwork.mn, the Mongolian version of LinkedIn.  It is now already a top 20 website and by far the best website in its category.

We also discuss a very interesting story from this summer where a Mongolian “white hat” hacker exposed the people behind an oft-despised underground website.  The ensuing happenings engulfed all of Mongolian young office workers as the two parties duked it out…

  • Podcasters: Bobby Barnes, Mergen Chuluun, & Lhagva Erdene.
  • Guest Speakers: Bayarsaikhan of Singleton LLC and Tamir of Mongolian Software Industry Association.

Thank you for listening.  Please give us feedback on how we can improve our podcast.  Please let us know if you would like us to cover any specific topics.  You can reach as on Twitter.com/MongoliaBiz and at MongoliaBusinessBlog (at) gmail (dot) com.