ULAN BATOR – Bloomberg Television, in partnership with The Trade & Development Bank of Mongolia (TDB), today announced the official launch of Bloomberg TV Mongolia. The launch of Bloomberg TV Mongolia signifies the introduction of the first international broadcast news organization in Mongolia, one of the fastest-growing stock markets and investing environments in Asia today.
Over the last year, Bloomberg has trained over 30 local journalists who are now working at BTV Mongolia, and built a state-of-the-art high definition television studio in the heart of downtown Ulan Bator. Bloomberg TV Mongolia will deliver international, market-moving business and financial news to the local community, and insightful coverage of Mongolia to the rest of the world, providing a unique edge for viewers.
“We are honored to be a part of this exciting launch, and to be able to offer our experience and expertise in broadcast journalism to an important region,” said Parry Ravindranathan, Head of Bloomberg Television for Asia-Pacific. “Our partnership with The Trade & Development Bank of Mongolia is part of our momentum in establishing strategic long-term partnerships in Asia which we believe will enhance market transparency in local markets.”
“With the economic growth of Mongolia, decision makers and business leaders here have an increasing need for market-moving, accurate and international business and financial news. Likewise, global audiences are becoming ever more intrigued by what is happening in Mongolia,” said Orkhon Onon, First Deputy CEO of TDB. “Bloomberg TV Mongolia will be a valuable and indispensable education source for the business community. As Mongolia’s first bank, TDB has a long-term interest in educating the local population about important business and economic news.”
With Executive Producer Todd Baer at the helm, Bloomberg TV Mongolia launches on October 8 with its flagship evening newscast ‘Money Flow,’ followed by its prime-time interview program ‘Talk to Bloomberg TV Mongolia.’ The weekly program includes five hours of locally produced content, combined with simultaneous and taped translated Bloomberg content. Weekend programming schedule includes 12 hours of taped translated Bloomberg programs, supplemented by Bloomberg TV’s pan-Asian feed. Bloomberg TV Mongolia will be available on all of Mongolia’s major cable providers.
About Bloomberg Television
Bloomberg Television, an award-winning, multi-platform 24-hour business and financial news network, provides continuous coverage of the people, companies and ideas that move global markets. Broadcasting from centers in New York, London, Singapore and Hong Kong and powered with an unparalleled news gathering team of 2,300 news professionals in 146 bureaus across 72 countries worldwide, Bloomberg Television delivers real-time business news to over 310 million households globally. In addition to major cable and satellite providers, Bloomberg.com and Bloomberg Mobile, the network is available on the Bloomberg Professional service, used by the most influential individuals, corporations, financial institutions, investors and the world’s central banks, commercial banks, government agencies, legal professionals and news organizations. With Asia being one of the most active growth regions in the world, Bloomberg Television is delivering more local content, and fast, accurate, unbiased, market-moving news from market makers in Asia. For more information on Bloomberg Television, please visit www.bloomberg.com/tv and follow us on Twitter (@BloombergTV) and Facebook.
About Trade & Development Bank of Mongolia
About Trade & Development Bank of Mongolia TDB, with its leading position in universal banking, offers a full range of services, including large corporate, SME and retail lending and acts as a primary lender to most of the country’s leading corporations. The Bank has consolidated its market-leading position in the handling of international trade finance and remittance, with access to credit lines from major international lenders and correspondent banking relationships with over 150 international financial institutions. TDB offers over 100 types of international standard banking products and has about 1000 highly qualified staff providing personal attention and user friendly banking services through a network of 43 branches and settlement centers. TDB is undoubtedly the major player in the financial and banking markets as well as a major innovator of the Mongolian financial sector. In 2004, TDB was the first bank in the country to receive the investment from the Asian Development Bank (ADB) and International Finance Corporation (IFC). In 2006 TDB became the first commercial bank in Mongolia rated by Moody’s Investors Service. The Bank continuously increases its income figures and asset size.
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