1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Why a nomadic homestay in Mongolia is the ultimate camping experience www.independent.co.uk

“That’s dinner,” my host told me, gesturing to the lone sheep tethered outside my guest ger that bleated gently as I returned from an invigorating six-mile trek through the pastel green hills to see the ruins of the Erdene Khambiin Khiid monastery.

Within two hours, the animal was slaughtered, shorn, blowtorched and butchered for the pot, leaving nothing to waste. It was a brutal lesson in the realities of nomadic life, which balances freedom, fresh air, and the vast Mongolian countryside with the challenges of self-sufficient and utterly remote living.

I was experiencing a nomadic family homestay in Khogno Tarna national park, attempting to switch off from my overwhelming city life by embracing a simpler way of being. The park offered the ultimate opportunity to get off grid, with grazing animals outnumbering people, vehicles and homes combined, and the evening entertainment consisting of a sky full of stars.

It was also a staging post for reaching Kharkhorim, the long destroyed capital of Ghengis Khan.

I was staying with Khadu, 40, his wife Oyon, 38, and three of their four children, 180 miles from the capital city of Ulaanbaatar. The family had three gers – circular structured tents insulated with wool and pitched around a wood-burning stove. Two of them were kept for guests, usually brought by a small Mongolian agency, Nomad Planet, with whom the family have collaborated for a decade.

Six hard single beds lined my guest ger in a hexagon around a woodburner, the flue poking through the centre of the tent. Unnecessary in the summer, the family explained it was kept burning constantly during winter, including throughout the night.

The modest camp, which also included a 4x4, a motorbike and a couple of rickety animal pens, was set upon a small, sandy knoll in between folds of rocky hills, a small lake and the rolls of the Elsen Tasarkhai sand dunes. Only a handful of other gers were visible for miles.

With no running water, Khadu fetched supplies for cooking and washing daily from the province’s well. The toilet was an open-air pit straddled with two planks and sheltered on three sides by a makeshift cubicle. By the time the sun reached its zenith, it was swarming with flies.

Food was predominantly animal produce: salty milk tea was all the family drank, and it was also used to warm up dried meat.

But what was lacking in amenities was amply compensated by nature. Only the lowing of the cows broke the dawn peace, and with the only electricity provided by a solar panel and a car battery in the main family ger, the pace of life fell into the circadian rhythm of the long summer days.

“I tried living in the city for a month and it felt like 10 years,” said Khadu, explaining that when the seasons were stable, his family might move four times in a year, seeking shelter in the valleys from the unforgiving winter winds and snow. “Here, it’s easy. If you need money, you sell an animal. If you need food, you kill an animal.”

It felt like an oversimplification but the family’s day-to-day life certainly seemed low-stress. There was a steady flow of activities involving the entire family, from milking the cows to keeping watch over the herds, making yoghurt, butter and curd, and maintaining the gers.

Guests were welcome to help; otherwise, we were left to relax, take in the scenery and go exploring on foot, horseback or in an all-terrain vehicle (ATV). From the serene grounds of the Lama Erdene monastery at the foot of Khogno Khan mountain to the sand dunes at sunset, the attractions were all free, deserted and set beautifully in nature.

I helped Oyon and her 14-year-old daughter Nandin make traditional dumplings filled with mutton and chopped vegetables, which they expertly crafted by hand to steam over the woodburner.

One morning, the Buddhist calendar indicated it was a good day for a haircut so Khadu shaved his seven-year-old son Luvsan’s head. Later, he sharpened his scissors to shear the sheep.

In the afternoon, I helped the children herd the goats, bred for their cashmere. It took some time to move them along from a patch of grass, mainly thanks to Luvsan’s pet kid Zuzu, an orphaned black goat that insisted on being carried and was bottle-fed like a baby.

Such tenderness and care for the goats followed by the killing of a sheep for food highlighted the completeness of their relationship with animals. And even the inherently violent act of slaughter was performed with respect: Khadu maintained that the traditional method of stunning the animal, slitting its stomach and pinching its main artery was the most humane way. The sheep was quickly senseless, and dead within two minutes.

Cooked in a pot with water, hot stones, potatoes, onions and carrots, it was enough to feed 15 to 20 people. Everyone ate hunks of flesh, fat and skin using their fingers and a sharp knife, leaving nothing behind except the offal, which would be used later by the family.

On the day I left, Khadu was up early to say goodbye before setting off to hunt wolves in the nearby sand dunes. The family had heard them attacking the sheep overnight and had gathered their neighbours to hunt the animals before they could kill more. The men set off on horseback and motorbikes with old rifles slung across their backs, slipping into the folds of the distant sand dunes without looking back.

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63 killed in Mongolia floods www.xinhuanet.com

ULAN BATOR, Aug. 6 (Xinhua) -- Floods in Mongolia have killed 63 people, including 15 children, so far this year, the National Emergency Management Agency (NEMA) said Monday.

"Two deaths were reported last weekend," the NEMA said in a statement, warning that the water in major rivers had risen to dangerous levels and urging residents living along rivers to take precautions.

Heavy downpours have been hitting Mongolia since the beginning of July, triggering massive flooding in some areas.

Meteorologists said the heavy rainfall will not stop until mid August.

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BoM President receives IMF Executive Director www.montsame.mn

Ulaanbaatar/MONTSAME/ President of Bank of Mongolia N.Bayartsaikhan met with IMF officials led by newly appointed Executive Director for Mongolia Hohyun Jang.

The meeting started with congratulations for Mr. Hohyun Jang on being appointed the Executive Director for Mongolia. During the meeting, the sides discussed about an implementation of the IMF’s Extended Fund Facility arrangement, being currently realized in Mongolia. Mr. Hohyun Jang expressed his satisfaction for the progress of the EFF and informed that the EFF’s fifth review would be soon discussed at the IMF Board of Directors.

Mr. Bayartsaikhan appreciated for IMF’s support, involving Mongolia in the EFF arrangement when the country had hard time, and informed that the Bank of Mongolia is working to create risk-based control system to maintain sustainability of the banking sector, within this arrangement. In addition, he said that the Bank of Mongolia is conducting a wide-range of activities to increase foreign currency reserve.


M.Unurzul

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Shanghai's further opening-up attracts more foreign investors www.xinhuanet.com

SHANGHAI, Aug. 5 (Xinhua) -- At the forefront of China's opening-up drive, Shanghai is attracting more foreign investors with a spate of new measures in multiple sectors.

On July 10, authorities in Shanghai introduced a total of 100 new measures covering five areas, including the banking and securities sectors, in a bid to further expand the city's opening-up.

In less than a month, 74 of the 100 measures have gone into effect. The further opening-up is not only a choice of Shanghai, but also a showcase of China's determination to deepen reforms to embrace the world.

Since the central bank announced further opening up of the country's financial sector, Shanghai has rolled out 32 related measures to benefit many overseas banks, insurers and asset management firms.

ICBC-AXA Life, partly owned by French insurance giant AXA, has won regulatory approval to set up an asset management firm in Shanghai. Willis Insurance Brokers Co. and JLT Insurance Brokers. Co. have became the first two to benefit from business scope expansion.

A survey of Renminbi qualified foreign institutional investors by Standard Chartered Bank showed that investors are thinking when to make investment on the onshore market, rather than whether or not.

Many countries and regions along the Belt and Road are also issuing bonds on China's inter-bank bond market and the Shanghai Stock Exchange.

After increasing investment quotas for the Shanghai-Hong Kong stock connect program, local authorities are making preparations to launch the Shanghai-London stock connect program within the year.

Shanghai's opening-up is also expanding into advanced manufacturing, and shipping and telecommunications sectors.

Also on July 10, U.S. carmaker Tesla Inc. announced that it will set up its first overseas plant in Shanghai, with a planned annual capacity of 500,000 electric cars.

With the largest foreign-invested manufacturing project, Tesla became the first to benefit from a new policy that allows foreign carmakers to set up wholly-owned subsidiaries in China.

Other foreign carmakers are also revving up expansion to get a larger share of the world's largest auto market.

In the aviation sector, Chinese and Russian engineers are working on the development of the CR929 wide-body passenger aircraft, a 280-seat jet with a range of 12,000 kilometers, in Shanghai.

Shanghai is scheduled to host the first China International Import Expo (CIIE), which signals a new round of China's high-level opening-up, from Nov. 5 to 10. Over 130 countries and regions and more than 2,800 companies have confirmed participation in the CIIE.

The country's financial and business center is also improving its business environment, including better protection of intellectual property rights and more efficient government services.

The efforts have yielded results. In the first half of the year, Shanghai's contractual foreign investment hit 21.5 billion U.S. dollars, up 18 percent year on year. Meanwhile, further 17 multinational firms set up regional headquarters in Shanghai, raising the total number to 642.

In addition, foreign-funded businesses in Shanghai saw revenues and profits up 10.3 percent and 17.6 percent, respectively, in the January-May period.

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China's Didi to invest $1 billion in its auto services platform www.reuters.com

BEIJING (Reuters) - Didi Chuxing, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as part of a wider rebranding of the unit.

Didi’s services business, which includes auto leasing, car maintenance and gas station services, has annualized sales of 60 billion yuan ($8.79 billion), the company added.

“Building on our service to 30 million DiDi drivers, we will strive to develop a leading one-stop auto service platform capable of winning the highest trust of car users,” said Kevin Chen, who heads the unit that has been rebranded as ‘Xiaoju’.

It comes as Didi is preparing for a blockbuster IPO, which could happen as early as next year, according to people familiar with the plans.

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Russia Tasks Hollywood Actor Seagal With Improving Russia-U.S. Ties www.themoscowtimes.com

Russia's Foreign Ministry said on Saturday it had made U.S. actor Steven Seagal its special representative for Russian-U.S. humanitarian ties, a role it said was meant to deepen cultural, art and youth ties between the two countries.

President Vladimir Putin presented a Russian passport to U.S. actor Steven Seagal in 2016, saying he hoped it would serve as a symbol of how fractious ties between Moscow and Washington were starting to improve.

Since then, U.S.-Russia relations have only got worse however with U.S. intelligence agencies accusing Moscow of interfering in Donald Trump's White House run, an allegation Russia denies. The two countries are also at odds over Syria and Ukraine.

The Russian Foreign Ministry likened Seagal's new role to that of a UN goodwill ambassador and said that the actor, who is known for his martial arts prowess, would receive no salary.

"It's a case of people's diplomacy intersecting with traditional diplomacy," the ministry said.

Seagal, who sometimes appears on Russian state TV to talk about his views and career, was cited by Kremlin-backed TV station RT as welcoming the appointment.

"I've always had a very strong desire to do all I can to help improve Russian-American relations," RT cited Seagal as saying. "I have worked tirelessly in this direction for many years unofficially and I am now very grateful for the opportunity to do the same thing officially."

For more than a decade Seagal, who according to his own website is 66, has been a regular visitor to Russia. His movies, including such titles as "Under Siege" and "Sniper: Special Ops," are popular with Russian audiences.

President Putin is also a fan of the kind of martial arts that Seagal often practiced in his Hollywood action movies.

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Mongolia Balance of Trade 1997-2018 www.tradingeconomics.com

Mongolia's trade surplus narrowed to USD 115.9 million in June of 2018 from USD 173.1 million in the same month of the previous year, as imports jumped 36 percent year-on-year to USD 580.3 million while exports grew at a softer 16.1 percent to USD 696.2 million. Considering the first six months of 2018, the trade surplus decreased 30.4 percent year-on-year to USD 822.2 million from USD 1181.3 million in the previous year. Imports soared 43.4 percent year-on-year to USD 2759.1 million, boosted by machinery & equipment & electrical appliances (44.2%); mineral products (34.9%); vehicles & parts (64.9%) and base metals & articles thereof (92.6%). Meantime, sales rose 15.3 percent to USD 3581.4 million, mostly driven by mineral products (18.5%); textiles & textile articles (16.3%) and live animals & animal’s origin products (94.6%). Balance of Trade in Mongolia averaged -7.81 USD Million from 1997 until 2018, reaching an all time high of 361.60 USD Million in December of 2016 and a record low of -369.80 USD Million in July of 2012

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‘Khuvsgul Altan duulga" JSC to hold roadshow meeting for public www.mse.mn

‘Khuvsgul Altan Duulga’ JSC, a Tier 3 listed company, will hold a roadshow meeting for public on August 6, 2018 at the Blue Sky Hotel at 4 pm.

The company is offering its 28 percent to public and strategic investors and the proceeds will be used to purchase agricultural and mill house equipment, reduce loan balance and finance current assets.

‘Bumbat-Altai SC’ LLC is working as an underwriter of the offering and the orders will be received from 8 August to 1 pm, 16 August 2018.

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Mongolia Inflation Rate 2007-2018 www.tradingeconomics.com

Inflation rate in Mongolia went up to 7.2 percent year-on-year in June of 2018 from 6.1 percent in the previous month. It was the highest inflation rate since June of 2015, as prices advanced faster for food & non-alcoholic beverages (10.8 percent from 7.1 percent in May); housing & utilities (14.9 percent from 13.8 percent); furnishings & household equipment (6 percent from 5.9 percent); recreation & culture (6.4 percent from 3.9 percent); health (10.7 percent from 9.7 percent) and miscellaneous goods & services (5.3 percent from 4.8 percent); while inflation was steady for transport (4.9 percent, the same as in the preceding month). Contrarily, cost slowed for clothing & footwear (2.6 percent from 3.2 percent); restaurants & hotels (5.1 percent from 5.8 percent); alcoholic beverages & tobacco (8.2 percent from 8.4 percent) and fell further for communication (-1.2 percent from -1 percent). On a monthly basis, consumer prices increased 0.5 percent from 0.6 percent in May. Inflation Rate in Mongolia averaged 10.23 percent from 2007 until 2018, reaching an all time high of 34.20 percent in August of 2008 and a record low of -0.20 percent in August of 2016.

In Mongolia, the most important categories in the consumer price index are food and non-alcoholic beverages (39.7 percent of the total weight); clothing, footwear (15.3 percent) and housing, water, electricity, gas and other fuels (10.8 percent). The index also includes: transports (9.0 percent); furnishings, household equipment, and tools (5.6 percent); education (5.4 percent); recreation and culture (3.1 percent); communication (2.9 percent); alcoholic beverages and tobacco (2.8 percent); miscellaneous goods and services (2.7 percent); health (1.8 percent) and restaurants and hotels (1.0 percent). This page provides the latest reported value for - Mongolia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

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Belt and Road fuels Northern Territory's innovation hub in Australia www.chinadaily.com.cn

In Australia, the Northern Territory's Darwin Innovation Hub is taking an active role in sharing the benefits of China's Belt and Road Initiative, said Harley Paroulakis, the hub's founder and chief executive.

"We would like to attract one Chinese innovation company to a Northern Territory industry sector in the next 12 months. We are planning to visit China and work with Austrade to find a suitable Chinese innovation company," Paroulakis said.

Austrade is the Australian Trade and Investment Commission, which helps companies connect to overseas markets, among other duties.

Paroulakis and his team members have had preliminary meetings with groups like the Shandong Investment Group venture capital team and Nanjing Development Zone.

To establish the right networks in China to find the right and most relevant Chinese company for the Northern Territory is the most challenging part of this project, which takes time, Paroulakis said.

However, China's Belt and Road Initiative gives him great confidence and a lot of assistance to build an Asia-Pacific ecosystem linking Darwin and Northern Territory industry to the region, especially with China.

The Belt and Road Initiative can certainly help build confidence and direction in our deal flow between China and North Australia and help the innovation hub work with the right business in China, Paroulakis said.

Meanwhile, the innovation hub also will back a Northern Territory innovation company to set up in China by developing partnerships with Chinese companies in the innovation and investment sectors, potentially via a parallel venture capital funding agreement that focuses on Belt and Road innovation investments between China and Australia, according to Paroulakis.

"We plan to visit China and meet with companies with technologies in solar, agricultural tech, mining tech and other industries relevant to the Northern Territory. We want to attract one company in the next 12 months to China and one to Australia consistent with the BRI," Paroulakis said.

DIH has raised the first venture capital fund in the Northern Territory and also established the first incubator in partnership with the Northern Territory government and Charles Darwin University, which involved winning a national tender, with the Australian Government getting the whole country to compete for grand funding for the Incubator Support Program. It was a historical first for the Northern Territory to won it, said Paroulakis.

The Northern Territory is a unique place to take advantage of China's Belt and Road Initiative to deepen China-Australian relations, as the Oceania region is the "natural extension" of the Maritime Silk Road, said Cheng Jingye, the Chinese ambassador to Australia, in mid-July at a high-level conference on the Belt and Road Initiative in Australia, as reported by NT News.

Active interactions between Chinese and Australian businesses would lead to further exploration of possible cooperation between China and Australia under the Belt and Road framework, as local cooperation is an integral part and important basis of China-Australia relations, Cheng said, according to the report.

The Darwin Innovation Hub aims at building an Asia-Pacific ecosystem linking Darwin and Northern Territory industry to the region, especially with China, and it would be a privilege to be part of the process in which China is becoming a world leader and standard setter of innovation in the world, Paroulakis said.

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