A populist business tycoon and ex-judo star has been inaugurated as Mongolia's new President. President pledged greater benefits for the county's 3 million people from their landlocked Asian nation's vast mineral wealth.<br/><br/>Khaltmaa Battulga of the Democratic Party won a runoff Friday against his establishment opponent Miyegombo Enkhbold of the Mongolian People's Party. Battulga told a news agency on Saturday that he wanted a "win-win situation for everyone" when it came to foreign investment. <br/><br/>Foreign investment has slumped in recent years following weaker commodity prices and high-profile disputes between the government and large investors including mining giant Rio Tinto. Mongolia's economy grew just 1 percent last year, down from 17.5 per cent in 2011. It now has USD 23 billion in debt, more than double the size of its economy.