The first steppe
Article Abstract:
The first stock market in Mongolia was inaugurated on Feb 7, 1992, under the leadership of Chmn Naidansurengiin Zolzhargal. Although Zolzhargal predicted a spectacular opening, only 16,000 shares with a collective worth of $760,000 were traded on the first day. The opening of the stock market is the first step towards completing the second phase of Mongolia's privatization agenda. The privatization scheme, however, may pose serious problems such as monopoly and massive layoffs. In preparation for privatization, a new corporate earnings tax law has been promulgated, but a law governing securities is yet to take shape.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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In search of Genghis Khan: hi-tech hunt uncovers emperor's 13th-century capital
Article Abstract:
Japanese scientists have found Aurug, Genghis Khan's capital city, but did not identify the 13th-century Mongol emperor's burial site. A Japanese newspaper, Yomiuri Shimbun, funded the joint Japanese-Mongolian effort to locate the Great Khan's resting-place. Researchers used a variety of high-tech methods including spot satellite imagery and ground radar. Aurug was found 240 miles east of Mongolia's modern capital, Ulan Bator. However, no excavations were begun out of deference to the Mongolians who object to disturbing Genghis, whom they now revere as a hero.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Faltering steps
Article Abstract:
Mongolia's democratic constitution has finally been approved after undergoing bitter opposition to some of its provisions. Among other things, the charter provides for the independence of Mongolia's legislative, executive and judicial government branches, the granting of land ownership rights to Mongolian citizens and the naming of the country as simply Mongolia. However, the charter's age provision reportedly reinforces the Mongolian People's Revolutionary Party's control of the presidency.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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