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” […]

Mongolia’s ‘unbreakable flower’ wrestles for Rio gold

By Terrence Edwards ULAANBAATAR, Jul 5 : Battsetseg Soronzonbold became a national hero in her native Mongolia after winning wrestling bronze at the London Olympics and is determined to turn the medal into gold in Rio next month. Born in a country with a long tradition of wrestling, the 26-year-old Battsetseg, whose name means “unbreakable […]

Mongolian opposition wins landslide, voters fed up with hard times

By Terrence Edwards ULAANBAATAR, Jun 30 : The main opposition Mongolian People’s Party (MPP) swept back to power in landslide parliamentary elections, results from Mongolia’s election committee showed today, after campaigning dominated by concern over slowing economic growth. The transformation of the former Soviet bloc state since a peaceful revolution in 1990 has been a […]