Bloomberg Media Group will launch Bloomberg TV Mongolia, a new television channel in partnership with the Trade and Development Bank (TDB), in March 2012.

“Bloomberg TV Mongolia is the first business and financial news network targeted at this rising new market in Asia,” said Gary Groenheim, commercial director of Bloomberg Television, Asia-Pacific. “Mongolia is a booming and developing economy. Bloomberg TV Mongolia will target the political decision makers and business leaders of Mongolia with essential and accurate news, data, and analytics.”

Groenheim went on to say that the channel could become an important tool to Mongolians after receiving their shares to the Tavan Tolgoi mining project. The channel will offer a mix of locally produced, local language content, as well as English language news from Bloomberg Television. The network will be headquartered in Ulaanbaatar.

Bloomberg Television is a 24-hour global business news network with hubs in New York, London, and Hong Kong. Its television stations cover business and financial news, and markets and economic events worldwide. TDB is Mongolia's oldest commercial bank, established in 1990 and fully privatized in 2002.