Mongolian President Enkhbayar met with representatives of the Arts Council of Mongolia on Wednesday. During the meeting, Arts Council head N. Jantsannorov noted that the Arts Council continues to promote the nation’s culture and art as well as preserve the cultural heritage of the Mongolian people.

Mongolia’s Khan Bank is to receive a $10 million loan to assure Mongolian businesses have capital available for expansion. The loan is to be provided to Khan Bank by the Asian Development Bank.

Attention Shifts to Cabinet Formation
UPDATE: The Parliament's session today approved the President N.Enkhbayar's request to appoint S.Bayar as the Prime Minister of Mongolia. 97.1 percent of the 69 members, who were present, backed Bayar and two members, Z.Enkhbold and B.Batbaatar were against him.

STATE Honored Figure, People’s Artist and film producer G.Jigjidsuren has come down heavily on Sergei Bodrov’s film The Mongol as an unacceptable distortion of Mongolian history and as a brutal assault on Mongolian sensibilities.

Mongolia's Goyol Fashion Show–2008, the most anticipated event in Ulaanbaatar’s fashion calendar, will this year be held on December 12. As usual the event will name the year’s best models, chosen separately from among both men and women, the best designer and also the top model of the year, the best of the best, as it were.

THE Standing Committee on State Structures unanimously approved on Wednesday the nomination of S.Bayar, Chairman of the Mongolian People’s Revolutionary Party (MPRP), the dominant partner in the ruling coalition, to take over as Prime Minister of Mongolia.