June 27th, 2016 163
Mongolia's MPP wins landslide to save tanking economy
by Terrence Edwards
June 27 (bne IntelliNews) The Mongolia People’s Party returned to power with a landslide on June 29, taking more than two-thirds of the seats in the legislature, the General Election Commission reported on 30 June.
“[Afterwards] they amended the Strategic Entities Foreign Investment Law and quit discriminating against foreign investors, but it was all too little, too late. Foreign investors already began to leave,” says Bontoi Munkhdul, the head of the market intelligence group Cover Mongolia.