Mongolia arrests ex-minister in Swiss graft probe – govt

By Munkhchimeg Davaasharav ULAANBAATAR, Apr 2 : A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009, the anti-corruption agency said on Monday. Mongolia’s Independent Authority Against Corruption told a media briefing that […]

Mongolians protest to demand greater action against child abuse

By Munkhchimeg Davaasharav and Peter Bittner ULAANBAATAR, March 31 : Thousands of Mongolians protested in front of parliament in Ulaanbaatar on Saturday to demand more action to prevent child abuse, after the widely-reported rape of a male infant shocked the country. After the reported rape earlier this month in Dornogobi province in Mongolia’s southeast, a […]

Former martial arts star Battulga wins Mongolian presidential election

By Terrence Edwards ULAANBAATAR, Jul 8 : Populist former martial arts star and businessman Khaltmaa Battulga has won Mongolia’s presidential run-off election, according to voter data from the General Election Commission released today. The poll was seen as a referendum on the government’s economic recovery plans and the role of southern neighbour China in the […]

Mongolian exchange faces axe from FTSE Russell frontier watchlist

By Terrence Edwards ULAANBAATAR, Apr 5 : Mongolia’s Stock Exchange warned it may be cut from the watchlist of candidates for the FTSE Russell frontier markets index unless it meets regulatory standards by August. The country was first placed on the watchlist in 2012, after its growth hit an all-time high of 17.3 percent. However, […]

Closed Mongolian court jails three for 1998 murder of democracy hero

By Terrence Edwards ULAANBAATAR, Dec 28 : A closed court in Mongolia has convicted three men of the 1998 murder of Sanjaasuren Zorig, a politician remembered for leading the East Asian country’s peaceful transition to democracy. Nicknamed the “Golden Swallow of Democracy”, Zorig was credited with saving lives during anti-government protests in Mongolia in 1990. […]

Mongolians scrabble for dollars after local currency’s plunge

By Terrence Edwards ULAANBAATAR, Aug 24 : Making money amid Mongolia’s deepening economic crisis, currency dealers thronging the black markets of Ulaanbaatar wave wads of American dollars and Chinese yuan, warning desperate customers that foreign banknotes are becoming scarcer by the day. The Naiman Sharga market, close to the Mongolian capital’s cluttered and impoverished “ger” […]