• Fri
  • Nov 28, 2014
  • Updated: 3:21pm

Mongolia

Property boom in Mongolia

An American private equity fund manager named Lee Cashell flew to Ulan Bator from Hong Kong 11 years ago and bought three Soviet-era apartments with US$30,000 he had borrowed from a friend.

Monday, 1 October, 2012, 1:37am

New mayor's scheme clears up Mongolia's traffic gridlock

Since he started his job at Ulan Bator's City Hall six months ago, Bat-Ochir Ganbagana has walked three kilometres each day to work.

From his flat in the southern outskirts of the Mongolian capital, he shuffles past long lines of traffic. The bus, he says, would take twice as long.

1 Sep 2012 - 3:55am

HK firms linked to Mongolian corruption case

An associate of former Mongolian president Nambar Enkhbayar who was jailed along with him for corruption earlier this month may have funnelled government funds at the centre of the court case through two Hong Kong companies.

The associate, Jambal Myagmarjargal, is the sole director of the two companies.

31 Aug 2012 - 4:52pm

Mongolia cursed with too much resource luck

Australia used to be called 'the lucky country', largely because of its abundance of natural resources.

These days Mongolia has usurped the title. Thanks to its geology, Mongolia boasts massive deposits of copper, coal, iron ore, uranium and tungsten.

What's more, the world's biggest buyer of minerals - China - is right on Mongolia's doorstep.

23 Jul 2012 - 12:00am

Enkhbayar grapples for redemption

Five years ago, Nambar Enkhbayar was at the peak of his political career. He was president of Mongolia, enjoyed widespread popularity and had already served his country as prime minister and speaker of parliament. World leaders courted him and global corporations begged for an audience as Mongolia sat on the precipice of a mining boom.

15 Jul 2012 - 12:00am

Losses mount for Mongolia Energy

Mongolia Energy, the controversial coal miner controlled by tycoons Cheng Yu-tung and Simon Lo Lin-shing, saw its share price plunge 12.2 per cent yesterday after posting a HK$4.83 billion net loss for the year.

4 Jul 2012 - 12:00am

SouthGobi's troubles erode coal orders

SouthGobi Resources saw its share price slump 8.4 per cent after it said production had been halted and it failed to get approval from Mongolian environmental authorities for a processing plant.

27 Jun 2012 - 12:00am

Back in the arms of love

It's been about two weeks since we arrived home in Hong Kong after walking 5,000 kilometres back from Mongolia. In our final week, my cameraman Leon McCarron and I were in Guangzhou, walking through the heavily industrialised region of Dongguan.

12 Jun 2012 - 12:00am

Shave the best for last

We're home. Finally. In the past six months, myself and my cameraman Leon McCarron have walked 5,000 kilometres from Mongolia to Hong Kong.

Last Saturday, we arrived at my home in Mui Wo, joined by my wife Christine and friends who walked the last seven kilometres with us.

29 May 2012 - 12:00am

NEW ASIAN DEMAND

The leasing market for Hong Kong's luxury homes is being supported by rich central Asians, just as demand from expatriates has been hit by cost-cutting measures, according to a report by Savills. Demand from investors in the energy and commodity sectors from Russia and Mongolia, plus big international retailers, is on the rise.

25 May 2012 - 12:00am

SouthGobi not target of graft probe; shares rebound

SouthGobi Resources shares rebounded 5.9 per cent yesterday after falling 13 per cent on Tuesday on worries it is being investigated by Mongolia's graft-busters.

The firm said it was told the probe was aimed at a third party.

10 May 2012 - 12:00am

Divide and concur

Is it better to go on an adventurous journey alone, or in a team? There are pros and cons to both.

1 May 2012 - 12:00am

A walk on the very wild side

For 80 days between December and March, Christopher Schrader lived the life of a Kazakh nomad, eating Kazakh food, wearing Kazakh clothes, herding animals and hunting for wolves in bitter temperatures that sat between minus 15 and minus 60 degrees Celsius.

29 Apr 2012 - 12:00am

The golden jar

Long, long ago in Mongolia, there lived an emperor who was extremely vain and conceited. All he cared about was his appearance.

One morning, as he was checking himself in his bedroom mirrors, the emperor had a shock. There was a white hair sticking up on his head. He shouted for his chief adviser and wanted the white hair to be plucked out and thrown away secretly.

23 Apr 2012 - 12:00am

Mongolian not the hero after all

A Mongolian man may not be the national hero he was hailed for foiling a 'terrorist attack' on a Cathay Pacific flight, after an alternative account emerged of the mid-air heroics.

22 Apr 2012 - 12:00am