Consultation Workshop Held on Improving Building Safety at Ulaanbaatar City Public Schools and Kindergartens

Stocks and Financial Services Press Releases Friday March 17, 2017 09:02
ULAANBAATAR--17 Mar--World Bank

ULAANBAATAR, March 16, 2017 – Representatives from the National Emergency Management Agency (NEMA), Ministry of Construction and Urban Development, Ulaanbaatar city municipality, the World Bank, and civil society organizations gathered together at a consultation workshop on seismic resilience of public schools in Ulaanbaatar today.

Participants discussed the preliminary findings of the seismic vulnerability assessment of Ulaanbaatar schools, a study jointly conducted by NEMA and the World Bank with support from the Global Facility for Disaster Reduction and Recovery. They also discussed further actions that stakeholders can take to improve the resilience of Ulaanbaatar to earthquakes.

Among the proposed recommendations of the study were cost-effective interventions to improve resilience of Ulaanbaatar schools, such as retrofitting school buildings to resist larger earthquake forces. Such retrofitting interventions could be the anchor for a broader disaster risk reduction program, not only to prevent damage and collapse of buildings, but ultimately to save lives.

Participants also highlighted the need to start a similar program in other cities that are subject to earthquakes, as well as for other types of older buildings with high occupancy such as hospitals.
Ulaanbaatar occupies only 0.3 percent of Mongolia's land area, but is home to 44 percent of the total population. The city generates 63.6 percent of national gross domestic product.

Latest Press Release

KTC partners with Vejthani Hospital in jointly launching KTC-VEJTHANI VISA SIGNATURE credit card, a card for all aspects of life.

"KTC" partners with "Vejthani Hospital", an alliance that stands out for its medical innovations, in launching "KTC-VEJTHANI VISA SIGNATURE" credit card, a card for all aspects of life. Vejthani takes care of your health, while KTC takes care of ensuring...

KASIKORNBANK offered to issue US$400 million senior unsecured Notes with a fixed interest rate of 3.256% per annum and a tenor of 5.5 years and will become due in 2023.

KASIKORNBANK PUBLIC COMPANY LIMITED ("KBank") announced on 9 January 2018 that it had priced US$400 million 3.256%, 5.5-year senior unsecured notes due 2023 (the "Notes"). The objective of issuance is to refinance existing notes that will mature this...

Thailand Board of Investment sets 2018 Investment application target at 720,000 million baht with focus on targeted industries and EEC

The Thailand Board of Investment (BOI) has set an investment application target of 720,000 million baht for 2018 after closing the year 2017 with a total investment application value of 641,978 million baht, 22 per cent increase from 2016, according to...

Bangkok Bank reports 2017 net profit of Baht 33.0 billion

In 2017, the Thai economy continued to expand, primarily due to higher growth in exports and tourism as well as a recovery in overseas demand from the global economy, which expanded by a better than expected pace. However, the diverging monetary policies...

SCB Announces 2017 Net Profit of Baht 43.2 Billion

Siam Commercial Bank and its subsidiaries announced a net profit of Baht 43,152 million for 2017 (based on unaudited consolidated financial statements), a 9.4% decrease from 2016. Lower net profit was primarily due to higher prudent provisions set aside...

Related Topics