The News
Painting Exhibition by Korean Artist in UB
Jeudi, 17 Septembre 2009 04:36
“Mongol nutagyn dorvon zug naiman zovhist” exhibition of painting mounted by Korean artist Kim Son Jun in Zanabazar Museum of Fine Arts on September 11. This is his 14th exhibition in Mongolia. There are about 30 painting such as “Chinges Khaan”, “Aloneness”, “Happiness of alive”, “Eight horses of happiness”, “One family”, “Cool steppe”, “Buddha” and “Dalai lama” in the exhibition.
The exhibition will feature until September 20. Artist said, “I drew Mongolian steppe and their living style”.
Mongolia is to Set Up a Sovereign Wealth Fund
Jeudi, 17 Septembre 2009 04:30
According to Bloomberg, the Mongolian government will set up a sovereign wealth fund using mining royalties and tax revenues, and distribute part of the income to citizens to alleviate poverty, said Finance Minister S.Bayartsogt. “The fund, to be run by professional managers from 2013, will disburse part of its annual income to every Mongolian in cash or non-cash securities to let them own stakes in the country’s mining wealth,’ Bayartsogt said. “Initial capital will be drawn from Ivanhoe Mines’ US$4 billion Oyu Tolgoi copper-gold mine project, estimated to generate US$30 billion in tax revenue over 50 years,” he said.
“We’re drafting the idea to implement the proposal, and we’re studying examples like the Alaskan Permanent Fund,” Bayartsogt said in a September 9 interview, declining to specify the size of the proposed fund.
Mis à jour ( Jeudi, 17 Septembre 2009 04:34 )