For the Mongolian Stock Exchange (MSE), 2013 was a year of transition. While performance remained weak and trading was exceedingly thin, preparations were being made for a comeback. New systems were introduced, important rules were changed and a new securities law was enacted that should address many of the gaps that previously existed and made...
Mongolia is an ideal country for micro-insurance. While the urban and the wealthy have access to a wide range of commercial products, and all the people of Mongolia can technically be covered under the country’s social security programme, much of the population is falling through the cracks. The poor and the nomadic, which make up more than half...
Like the country’s equity market, Mongolia’s bond market had a tough year in 2013. Trading in debt securities dried up on the Mongolia Stock Exchange (MSE), with turnover in corporate bonds going to zero, while pricing on the country’s eurobonds collapsed. As Mongolia’s balance of payments situation worsened, bond investors soured on Mongolian...
One of the most promising segments in Mongolia’s financial services industry is insurance. It is seen growing rapidly over the next few years as the economy expands, as the market becomes more sophisticated, and as more firms and individuals become familiar with the products and begin buying them. Insurance companies will benefit both from...
THE COMPANY: Prophecy Coal is an international company focused on developing its Ulaan Ovoo coal project and Chandgana 600-MW mine mouth power plant project in Mongolia. The company’s stock trades on the Toronto Stock Exchange, OTC Markets QX and the Frankfurt Stock Exchange with current market...
The social security system in Mongolia is surprisingly well developed. While health care benefits are low, the country offers a good range of support to almost all its citizens. Payouts for retirement are quite substantial. Still, improvements certainly are required, such as increased medical benefits and better funding of the programme. But a...
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