Plans to overhaul legal system will include reforms to ‘overcome shortcomings’ in areas such as AI, cloud computing and online finance. ( read original story ...)
President urges business community to take steps for financial inclusion of special persons
President Dr Arif Alvi on Monday urged the business community to take steps for the financial inclusion of differently-abled people ... ( read original story ...)
RBI Warns Surging Bad Debt Threatens India Financial Stability
India’s central bank warned that an expected doubling of bad loans and soaring financial markets in the nation’s weakened economy threaten financial stability. ( read original story ...)
Indian lenders’ bad loans may rise significantly – financial stability report
Indian banks may see bad loans double despite signs of an improvement in the economic impact of the COVID-19 pandemic, a report from the Financial Stability and Development Council said on Monday. ( read original story ...)
Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The government is considering cancelling and replacing the development and financial plan for the giant copper mine. ( read original story ...)
Mongolia’s crime cases down 26.8 pct in 2020
Mongolia recorded around 23,100 cases of crime in 2020, down 26.8 percent from the previous year, data released by the country's National Statistics Office showed on Monday. ( read original story ...)
Mongolia produces 98 percent of electrical supply domestically
Mongolia has started to domestically produce 98 percent of its electrical supply after four turbo-generators of Thermal Power Plant No. 3 in the Mongolian capital of Ulan Bator have been upgraded and ... ( read original story ...)
Mongolia starts to supply over 90 percent of power with domestic sources
In accordance with an intergovernmental agreement between Mongolia and the Russian Federation, four turbo-generators of the Thermal Power Plant No.4 have been upgraded and connected to the Central ... ( read original story ...)
UPDATE 2-Mongolia considers terminating Oyu Tolgoi copper mine expansion as costs jump -developer
Rio Tinto-controlled Turquoise Hill Resources said on Monday that Mongolia's government is considering terminating the companies' underground expansion of their Oyu Tolgoi copper mine project due to ... ( read original story ...)
Mongolia: Foreign tourists drop by 89.5 percent
According to official statistics, the number of foreign tourists to Mongolia in 2020 fell by 89.5 percent from the past year because of the coronavirus pandemic. Mongolia got a total of ... ( read original story ...)