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Ulaanbaatar /MONTSAME/ The Cabinet made following decisions at its regular meeting on January 10.
The Cabinet adopted a National Program on Livestock and Animal Health. The program deals with comprehensive actions to prevent from, restrict the spread of and disinfect livestock and animal contagious diseases; maintenance of contagious disease-free status; supply of safe food to the population and quality raw material to processing plants; and export of animal-origin raw materials and products.
The Cabinet decided to submit to the Parliament a draft bill on Mongolia-Germany Agreement on Financial Cooperation - Energy Efficiency Programme and Additional Loan and Second Project Agreement.
The Cabinet resolved to submit to the Parliament a draft resolution on the Number, Composition and Geographical Location of Foreign Immigrants for the period 2018-2020. According to the draft resolution, the number of foreign immigrants should not exceed 100 per year.
The Cabinet discussed a draft bill on ratification of Mongolia-Russia-China Agreement on International Road Transport along the Asian Highway Network and decided to submit it to the Parliament.
The Cabinet discussed the possibility of opening a Consulate in Manzhouli, China and agreed to consult with corresponding Parliamentary Standing Committees. By double count, 174 thousand Mongolians traveled to the city in 2016, and 170 thousand in 2017.
The Cabinet decided to submit to the Parliament a draft bill on State Aviation Law.
The Cabinet discussed granting of awards and titles to agricultural workers on the occasion of Lunar New Year. According to submissions sent from provinces, 128 herders have fulfilled the criteria for ‘State Best Herder’ title, ’11 herders ‘Twice winner of State Best Herder’ title, 13 herders ‘State Best Dairymaid’, 5 farmers ‘State Best Farmer’, 10 entities ‘State Leading Agrarian Organization’ and 27 individuals ‘State Best Agrarian’.
Ulaanbaatar /MONTSAME/ The Cabinet resolved to shut down and reorganize some state-owned enterprises in order to improve their management and reduce unnecessary budget expenditure on January 10.
State-owned enterprises ‘Industrial Complex’, ‘Mongolian Farming Corporation’, ‘Mongolian Meat Corporation’, ‘Mongolian Stamp’ and ‘Road Equipment Rent’ will be shut down, on grounds of inactivity since their establishment and shortage of financial sources.
The decision was prompted by the common practice among Ministries and government agencies in receiving financial and other forms of assistance from state-owned enterprises for various purposes. Specifically, state-owned enterprises have been spending about MNT 500 million per annum on the expenses of Ministries and government agencies in recent years.
Furthermore, corresponding officials were assigned to ensure public participation, sell a portion of shares and privatize some enterprises through auctions.
Mongolia Energy Corporation Ltd (MOAEF) Near-Term Moving Average Signal Update www.aikenadvocate.com
The recent price of 0.0200 for shares of Mongolia Energy Corporation Ltd (MOAEF) has put the price level below the Balance Step, indicating a near-term bearish pattern developing. Calculated from the last five balance points, the Balance Step indicator can help determine whether a bullish or bearish trend is developing near-term.
Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out on the markets getting to where they are today. It may be a case of missed trades or being too cautious, but a stellar forward thinking strategy may be just what is needed to get back on track. Studying various sectors may help provide some insight on where to go from here. Investors may become very familiar and comfortable with a certain sector, and they may be completely missing out on opportunities from other fast growing sectors. Investors may also need to take a long-term approach which may include creating a diversified portfolio that takes many different factors into consideration. With the enormous amount of uncertainty that follows the global investing world on a daily basis, it may be helpful for investors to be able to keep their emotions in check. Studying the hard data may prove to be very useful when trying to separate truth from fiction in the equity markets.
Investors may be taking a look at some additional technical numbers on shares of Mongolia Energy Corporation Ltd (MOAEF) in order to get a fuller picture. The 14-day RSI is currently spotted at 41.05, the 7-day is at 39.20, and the 3-day is sitting at 37.20. The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued.
In terms of CCI levels, Mongolia Energy Corporation Ltd (MOAEF) currently has a 14-day Commodity Channel Index (CCI) of -15.67. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The 14-day ADX is 25.04. Many technical chart analysts believe that an ADX reading over 25 would suggest a strong trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.
Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Mongolia Energy Corporation Ltd (MOAEF)’s Williams %R presently stands at -55.41. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation. Looking at some moving average levels on shares of Mongolia Energy Corporation Ltd (MOAEF), the 200-day is at 0.03, the 50-day is 0.03, and the 7-day is sitting at 0.02. Moving averages can help identify trends and price reversals. They may also be used to help spot support and resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward....
Japanese automakers Toyota and Mazda have officially announced that they will jointly build an assembly plant in the southern US state of Alabama.
Toyota President Akio Toyoda and Mazda President Masamichi Kogai on Wednesday announced the decision at a ceremony in the state capital of Montgomery. Alabama Governor Kay Ivey also attended.
Toyoda said he is confident that they will create yet another "Built in America" success story.
Kogai said he is glad to be able to contribute to Alabama and the US economy. He also said the two automakers will put their technologies together to supply high-quality vehicles.
The companies will invest about 1.6 billion dollars in the new plant that is planned to start operation in 2021.
Toyota and Mazda formed a tie-up last year, and have looked for a place in the United States to open a new plant.
Alabama is the fifth-largest automobile production base in the US and is home to factories of German maker Mercedes-Benz and Japan's Honda. Toyota already has an engine plant there.
An assessment of state and local government agency land permits and registered properties will be carried out in 2018. The Government Agency for Policy Coordination on State Property, Ministry of Finance, Ministry of Foreign Affairs, Ministry of Construction and Urban Development, Capital Property Agency, and the Agency for Land Administration and Management, Geodesy, and Cartography will cooperate on conducting the assessments.
A previous assessment of state and local government agencies land permits was not registered for financial reporting, and a state and local government property assessment hasn’t been conducted since 2009.
The assessment is expected to resolve issues with unverified land ownership permits, incomplete documentation, and missing fire, flood, and earthquake risk notices.
The World Economic Forum will be held in Davos, Switzerland on 23-26 January. Foreign Minister D.Tsogtbaatar and Mining and Heavy Industries Minister D.Sumyabazar will represent the Mongolian government at the event. Another Mongolian, A.Urgamal from the ‘Oddariya’ foundation has also been invited to Davos. She is one of fifty young 'Global Shapers' who have come to Davos and won the chance to meet US billionaire Bill Gates.
There are currently a total of 6050 so-called 'Global Shapers Hubs'; these are local groups of young people, like A.Urgamal, aged between 20 and 30, who are contributing to society in a positive way. The hubs consist of a very diverse group including: entrepreneurs, young politicians and environmental activists:. Apart from meeting the founder of Microsoft, during the forum A.Urgamal and the other 'shapers' will also have the chance to talk about their ideas and learn from Chinese billionaire Jack Ma and other big names.
Ulaanbaatar /MONTSAME/ Erdenet Mining Corporation is becoming a public company, as declared by the Government.
In its regular meeting on January 10, the Cabinet made this decision to make some shares of the company owned by citizens. Ministers G.Zandanshatar, Ch.Khurelbaatar, D.Sumiyabazar and Head of Government Agency for Policy Coordination on State Property were assigned to make EMC LLC a public company and formulate a proposal on giving the company's shares to citizens. A procedure regarding how much from total shares would be given to citizens, conditions and terms of such handout and trade of the shares by citizens will be approved by the Cabinet.
Additionally, asset valuation of EMC will be conducted. The copper company produces 530 thousand tons of copper concentrate and 4.5 thousand tons of molybdenum concentrate, processing 26 million tons of ore.
Ulaanbaatar/MONTSAME/ The International Monetary Fund’s (IMF) staff team will arrive Mongolia on January 25 for working trip.
During the team's working visit in Ulaanbaatar, the Government plans to touch upon an issue regarding tax raises because of much criticism and protest amongst citizens.
The Extended Fund Facility (EFF) of the IMF is being implemented in Mongolia since last year for three years.
The US firm said it was teaming up with London-based Wenn Media Group to carry out the initial coin offering (ICO).
It is part of a blockchain-based initiative to help photographers control their image rights.
Kodak also detailed plans to install rows of Bitcoin mining rigs at its headquarters in Rochester, New York.
Details of this second scheme - which is being branded the Kodak KashMiner - were outlined at the CES tech show in Las Vegas.
Customers will pay up-front to rent mining capacity.
Kodak is the latest in a series of companies to see its value jump after revealing plans for blockchain-related activity.
"This is a phenomenon we saw back during the dot com days in the late 1990s where traditional companies would mention some kind of internet strategy and their stock price would jump up," commented Garrick Hileman from the University of Cambridge.
"When you see stock prices moving like this it does appear to be troubling - it's hard to say if there's a bubble but it certainly is indicative of a frothy investment market."
Kodak was famously slow to join the digital revolution, and its hesitation to leave behind its film heritage cost the company its market.
Since its collapse in 2012, Kodak has licensed its brand to a variety of manufacturers, with the mark appearing on batteries, printers, drones, tablet computers and digital cameras.
The KashMiner operation will be run by Spotlite, a licensee that had previously teamed up with Kodak to use its brand to market LED lights.
Any Bitcoins generated by Kodak KashMiner will be shared between the customer and the business.
Each of the mining rig boxes - which include computer processors and fans to keep them cool - will use about the same amount of electricity as running a hairdryer around the clock.
But the scheme will be able to take advantage of Kodak's on-site power generating plant, which has had spare capacity since Kodak's heyday.
The company says it can power each rig for four cents per kilowatt hour, which is significantly cheaper than running a rig at home.
At Bitcoin's current value, an up-front investment of $4,000 (£2,954) for 24 months of mining could earn a profit of $500 a month, Spotlite's Halston Mikail told the BBC.
But anybody hoping to join the gamble would have to wait, as capacity is already sold out, Mr Mikail added.
"At this time we have 80 miners, and we expect another 300 to arrive shortly. There is a big pile-up of demand," he said.
Bitcoin is notoriously volatile and some analysts fear its value could crash, resulting in a loss for those who had paid up-front for mining capacity.
But Mr Mikail said the rigs could be put to work on other tasks if Bitcoin faltered.
"Bitcoin could be a bubble. But the blockchain industry is not a bubble," he said.
"It's a solid platform built on mathematics and it will survive."
Kodak's other initiative, the KodakCoin, is being created as part of an effort to build a global ledger of picture rights ownership that photographers can add their work to.
Associated KodakOne software will be used to crawl the web and find pictures that have been used without permission.
The company said it would then "manage the licensing process," so the photographer can be paid, in KodakCoin.
"Kodak has always sought to democratise photography and make licensing fair to artists," said Kodak chief executive Jeff Clarke.
"These technologies give the photography community an innovative and easy way to do just that."
The company's shares traded more than 130% above their opening price after the announcement before closing the day 119.4% higher.
But one expert had doubts.
"Storing the information in a blockchain doesn't protect your copyright any more than copyright law already does," commented David Gerard, author of Attack of the 50ft Blockchain.
"Notice how they're marketing it: they state a problem, then say the blockchain can solve it. But there's no mechanism by which the blockchain could do that.
"This doesn't do anything that signing up for Shutterstock or Getty Images wouldn't."
Even so, some think Kodak will not be the last household name to associate itself with an ICO.
"I expect we are going to see more major brands releasing their own tokens and currencies to support various products and services," commented Mr Hileman.
"It's something many big companies are thinking very hard about."...
President Kh.Battulga received credentials from Ambassador of North Korea to Mongolia O Sung Ho at the State Palace on January 8. The president sat down with the new ambassador to exchange views on the relations and cooperation between the two countries.
At the beginning of their meeting, Ambassador Ho conveyed North Korean leader Kim Jong-un’s warm greetings to President Kh.Battulga.
The ambassador underlined that North Korea plans to organize several cultural events as the 70th anniversary of the establishment of diplomatic relations between North Korea and Mongolia will be marked this year. He highlighted that the governments of the two countries are focusing on strengthening friendly and historic bilateral relationship.
The president noted that he hopes Ambassador Ho will actively work to strengthen friendly ties between the two nations. President Kh.Battulga said that he is willing to develop agricultural and sports cooperation with North Korea, and wished the new ambassador success in his work.