Mongolia Amends Restrictive Investment Law : Regions : IVCPOST: "In a move to expand its financial markets, the government in Ulan Bator, Mongolia have amended a controversial foreign investment law. The Strategic Entities Foreign Investment Law was designed originally to restrict foreign investments in industries such as mining to a minority, where shareholdings can be up to 49%.
The amendment introduced and passed now removes the need to seek government approvals for investments. This comes after major concerns came up on the growing role of overseas capital markets in the development of the mining industry. Without a doubt, investments have fueled the economic boom from the mining industry."
'via Blog this'
