Today marks the 95th anniversary of the adoption of the first Constitution of Mongolia, proclaiming the Mongolian People’s Republic. More specifically, it was on November 26, 1924 that Mongolia approved its core legal principles and a new political system. With the adoption of the first Constitution, it not only strengthened the many socioeconomic achievements, but…

Read More

[Membership Update] We are thrilled to announce that Orica Mongolia LLC has joined AustCham as a new “Company” member . Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas, and construction markets, a leading supplier of sodium cyanide for gold extraction, and a specialist…

Read More

Due to the Government’s decision to postpone mortgage loan payments until July 1, 2021, our members “Golomt Bank” and Trade and Development Bank of Mongolia are virtually receiving the request of their customers to change their terms of loan agreements. If you want to defer your mortgage repayment, you can send your request to the…

Read More

Dear Members and Friends, We ask that you stay vigilant and cautious during these uncertain times. Please follow the below guidelines and protect yourself and others from the spread of the virus. “A truck driver that had been put under home isolation after their 21-day institutional isolation and his spouse have tested positive for the…

Read More

Pfizer Soars as Vaccine Prevents 90% of Covid Cases in Study. A vaccine developed by Pfizer Inc. and BioNTech SE protects most people from Covid-19, according to a study whose early findings sent stock prices surging and were hailed by the top U.S. infectious-disease specialist as “extraordinary.” The shot prevented more than 90% of symptomatic infections in the trial…

Read More