On November 2, the Government of Mongolia signed off on $85.6 million in loan and grant agreements from the Asian Development Bank, much of which will go towards the country's first distributed renewable energy system.
Mongolia Tender and Business News
The master plan to diversify Mongolia’s economy using tourism and a glittering new airport has been delayed.
Yingli Energy (China) Company Limited recently broke ground on a 100 MW solar energy installation in Wuhai City, Inner Mongolia Autonomous Region.
During the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference held on October 27 in Dushanbe, Tajikistan, Asian Development Bank (ADB) President Takehiko Nakao committed over $5 billion to supporting the CAREC 2030 agenda over the next five years.
JinkoSolar Holding, a China-based solar power solutions provider, has provided 12.7 MW of PV modules to Japanese IT company Hitachi Systems, for a solar plant owned by Farmudo Corporation in Ulan Bator, Mongolia.
Mongolia's economic growth rate of 5.3 percent has been the envy of many other economies. Its accomplishment unfortunately happened with coal being the primary source of energy and the country has suffered major environmental degradation as a result. A recent summit held in its capital sought ways to climb out of its pollution problems.
thyssenkrupp, a German provider of mining systems, has won a contract to provide high-capacity gearless driven conveyors to one of the richest underground copper deposits in the world.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
Human development is progressing and has recently made major strides in many areas, but many are still left behind, with systemic and often unmeasured barriers to catching up. A new UN report urges a stronger focus on those excluded and on actions to dismantle these barriers to ensure sustainable human development for all.
Mongolia recently issued a US $600 million sovereign bond exchange offer and new issuance. This is especially significant because of the country's potential liquidity problems over the past year, as a result of slowing economic growth in the region and dependence on commodities which had dropped in price.
A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.
The problem of children around the world being exposed to lead -- and the many medical consequences of that -- is still significant even in the 21st century. A study just published by New York University shows the annual economic cost of lead exposure at $977 billion worldwide, with ~$700 billion of that happening just within Asia.
According to a just released market study, the global total value of all airport construction projects is estimated at U.S. $637.8 billion. The biggest single chunk of that is in the Asia-Pacific region, with $224.1 billion or 35.1% of the total.
SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.
A new industry report forecasts future trends for the growing worldwide demand for cardiovascular needles. North Amnerica is expected to continue to lead demand for the products, but all regions are seeing increased demand.
The World Health Organization just issued its latest Zika Virus situation report, including maps showing the spread of the virus worldwide and recommendations for those who are or may become infected.
Persistence Market Research (PMR) has recently announced the publication of a market study on the global seasonings and spices market. On a global basis, Europe and Asia-Pacific dominate this market.
A 6,830-ton North Korean cargo ship was seized by Philippine government officials as it docked into Subic Bay on March 3. The vessel, its cargo and its crew will be held indefinitely as part of new tougher United Nations sanctions recently approved against the North Korean government.
A new study by ABI Research suggests that despite a floating myth speculating that it will only be a matter of time before personal computers meet their demise, the market is still going strong and shows no sign of slowing down in the immediate future.
The FAO Food Price Index was stable in February, as falling sugar and dairy prices offset a substantial jump in vegetable oil prices from the previous month.
Gobi Coal & Energy just announced its ongoing strategic initiative to expand across the energy resources value chain into hard coking coal, coking coal mine consolidation, and graphite and uranium development and mining both inside and outside of Mongolia.
A growing number of pollinator species worldwide are being driven toward extinction by diverse pressures, many of them human-made, threatening millions of livelihoods and hundreds of billions of dollars worth of food supplies, according to the first global assessment of pollinators.
Despite growing interest in safeguarding biodiversity of livestock and poultry, genetic erosion continues.
A petition has been posted on the White House's web site calling for Obama's prosecution for war crimes in The Hague.
The automotive industry is creating lucrative opportunities along with the increasing market value of polyisobutylene--an impermeable substance used in tires, agricultural chemicals, chewing gum, etc. More than 55% of that market was provided by Asia Pacific corporations.