“A short, visual explanation of Japan’s debt crisis by Addogram. Visit http://www.addogram.com to discover and connect the web.”
“China deployed ships to waters near islands disputed with Japan for a record 28 hours, drawing a formal protest as it repeated a strategy of pressing its territorial claims through bolder projections of maritime power. Ships from China’s newly formed coast guard remained in the Japanese-controlled waters for the longest time since Japan bought the islands last year, Cabinet Secretary Yoshihide Suga said. Japan’s Foreign Ministry summoned a Chinese diplomat and ‘sternly protested,’ he said. The Chinese action around the islands comes two days after Japan unveiled the largest military ship it has produced since World War II.”
“Foreign investment in Myanmar has now reached more than $42 billion from 32 countries. In June alone, the up-and-coming investment hotspot received $423 million in foreign investment. June’s investment went into production and hotel sectors, according to the Myanmar Directorate of Investment and Companies Administration (Dica). With the lifting of Western sanctions against the country, international giants such as Coca-Cola and Unilever have opened manufacturing operations in Myanmar, with other companies establishing sales outlets in the country, all with an eye on targeting the native Myanmar market.”
“Myanmar will have its own stock exchange soon, according to the country’s deputy minister for finance and revenue, Maung Maung Thein. Preparations and implementations for the market are already underway. To establish the stock exchange, the Central Bank of Myanmar is cooperating with the Daiwa Institute of Research Group, a leading Japanese think tank with expertise in economics and financial capital markets, and Japan’s Tokyo Stock Exchange. Later this month, there will be a demonstration of the operation of the stock exchange with the help of a Myanmar information technology company, Thein said.”
http://www.ibtimes.com/myanmar-stock-exchange-launch-after-security-exchange-law-passed-1349399
“You can open a brokerage account in Mongolia without going there. I met with six different brokerage firms while in Mongolia and opened multiple accounts. Transaction fees for stock trades I was quoted ranged from 2% to 3.5%, while for bonds I was quoted rates from 5 to 20 basis points. Required fees to open an account ranged from 5,000 Togrog (about $4) to 40,000 Togrog (about $32). Some account opening procedures may request having your signature notarized to have a power of attorney to trade stocks on your behalf, but this can be done in your home country as well with minimal effort.”
“The Mongolian Revised Securities Market Law will come into effect on January 1, 2014 and legal organizations are currently working to reform related laws and regulations before its arrival. The law’s initiators stress that the Mongolian stock exchange market, valued at 1.4 trillion MNT as of July 2, will be able to grow, as well as its convertibility, by introducing reformed and revised regulations in Mongolia’s securities market. Representative of the Mongolian Stock Exchange thus stressed that Mongolia’s stock market range, which tripled in the last four years, will be able to expand up to 30 times.”
http://ubpost.mongolnews.mn/?p=4745
“The 1990 Democratic Revolution in Mongolia was a democratic revolution that started with demonstrations and hunger strikes to overthrow the Mongolian People’s Republic and eventually moved towards the democratic present day Mongolia and the writing of the new constitution. It was spearheaded by mostly younger people demonstrating on Sükhbaatar Square in the capital Ulaanbaatar. It ended with the authoritarian government resigning without bloodshed. The Democratic Party stemming from the pro-democracy activists has been on the power of Mongolia’s presidency, parliament and government since 2012.”
http://en.wikipedia.org/wiki/1990_Democratic_Revolution_in_Mongolia
“Getting your boots muddy in a frontier market can be immensely profitable. That is, if you get to a boomtown before boom times, there’s plenty of money to be made. As we learned yesterday, there’s huge profit potential in Mongolia — home to the recently started, world-class Oyu Tolgoi copper mine. ‘The way I’m thinking of playing this resource boom’ says Harris Kupperman, CEO of Mongolia Growth Group (MNGGF) ‘is through the consumer, and the best way to access the consumer is retail space on the main streets’.
Today we’ll continue our talk with Harris. He’ll explain how his group could make 9-18 times their money in Mongolian real estate.”
“The country, whose economy has been growing faster than almost any other, is almost entirely dependent on the export of raw materials. Mongolia has things everyone wants — coal, copper, gold, uranium, rare earth minerals — and that potential wealth is reflected in the high-ranking visitors it draws. Donald Rumsfeld has been to Ulan Bator, as have Angela Merkel and several Japanese prime ministers. Beijing especially is making an effort to reach out to its northern neighbor. This July the first flat-bed trucks set out from Oyu Tolgoi to China, each bearing 36 tons of a brown, cement-like powder, from which copper and gold would be extracted.”
“Mr Rajan, a Chicago professor and former chief economist at the International Monetary Fund, clashed openly with US Federal Reserve officials and top policymakers in 2005 over the risk that derivative contracts would amplify any financial crisis once the cycle turned. He said the US had created incentives for destructive behaviour, effectively pushing homeowners and banks into risky ventures. He was called a ‘Luddite’ by none other than Larry Summers, former US Treasury Secretary and now front-runner to take over as Fed chairman. The two men may soon be direct counterparts. Mr Rajan’s warnings were borne out by events.”