1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Mongolia To Crack Down On Money Laundering, Terrorist Financing: Prime Minister www.urdupoint.com

ULAN BATOR, (UrduPoint / Pakistan Point News, app - 30th Oct, 2018 ) :Mongolia will stand firm on combating money laundering and terrorist financing, the country's Prime Minister Ukhnaa Khurelsukh said Tuesday.
"Money laundering and terrorist financing activities have negatively affected countries' economic growth and efforts to achieve sustainable development and eliminate poverty," he said.

What's more, he said that Mongolia, "with a vulnerable economy which is directly dependent on external factors," needs to pay special attention to fighting money laundering and terrorist financing.

Khurelsukh made the remarks at the opening ceremony of an international scientific conference on fighting money laundering, according to the government's press office.

According to data from Mongolia's National Police Agency, 26 cases of money laundering were recorded in the first half of this year, while only seven cases of this kind were reported last year in Mongolia.

Most of the money laundering cases in Mongolia are linked to fraud, embezzlement, bribery, tax evasion and drug trafficking, the agency said.

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Mongolia scares schools off Halloween www.channelnewsasia.com

ULAANBAATAR: Mongolia has banned the celebration of Halloween in schools this year, reflecting growing fears that the landlocked country's rapid economic transformation is eroding its native Buddhist traditions.

In a directive sent to all schools last week, the education ministry said parents had complained in the past about their children trying to collect money and asking for Halloween costumes.

Stressing that Halloween was not an officially recognised holiday, it ordered all schools to put a stop to organised celebrations this year.

Halloween has become increasingly popular in the capital Ulaanbaatar.

"Our school has specialised classes in the English language, and that's why we celebrated Halloween in many different ways," said G Erdenechimeg, a social worker at the 23rd School in Ulaanbaatar, which focuses on foreign languages.

"Generally, it's all about the children's attitude," she added. "Some may get into their roles too deeply or misuse (Halloween) and have a negative social effect. For this reason, it has been decided not to celebrate."

Mongolia has undergone a rapid transformation since its Moscow-backed Communist regime collapsed in 1990, with a succession of governments trying to modernise the economy and open up to foreign investment.

In a bid to offset the impact of giant neighbours Russia and China, Mongolia has also courted "third neighbours" like the United States and Japan, leading to growing cultural ties.

But the rapid pace of change has stoked concerns that its nomadic and Buddhist culture is being left behind.

Halloween celebrations are still expected to continue in Ulaanbaatar, home to nearly half of Mongolia's population of 3 million.

"I haven't seen the decision have any impact or affect our sales so far," said D Purev, owner of the Party Shop, which stocks Halloween-related goods in Ulaanbaatar.

(Reporting by Suvdantsetseg Tsagaanbaatar; Writing by David Stanway; Editing by Nick Macfie)

Source: Reuters/na

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Mongolia’s 2019 financial and economic outlook discussed www.montsame.mn

Ulaanbaatar /MONSTAME/ The American Chamber of Commerce (AmCham) in Mongolia hosted its last Monthly Meeting of 2018, with a panel of leaders from the private sector, international community, and independent researchers today, on October 30.

The meeting was attended by representatives from AmCham member organizations and individuals from local and international businesses. The panelists included Mr. J.Delgersaikhan, economist and lecturer at the University of Finance and Economics; Mr. Ch.Ganhuyag, CEO at Ard Financial Group; and Mr. Jean-Pascal N. Nganou, senior economist and acting country manager at the World Bank. The panel discussion was led and moderated by AmCham Financial Services Committee Chair Mr. Erik Versavel, country representative of the ING Bank office in Mongolia. The panelists shared their perspectives and exchanged ideas with the meeting’s attendees about the future of Mongolia’s financial and economic outlook.

Ard Financial Group’s Mr. Ch.Ganhuyag stressed the need for collaboration between the public and private sectors, stating, “The private sector needs to become more proactive. The local and central governments need to establish channels to consult with researchers and the private sector, where our voices are heard in decision-making process.”

Mr. J.Delgersaikhan, economist and lecturer at the University of Finance and Economics, addressed Mongolia’s 2019 outlook, saying, “On one hand, the 2019 prospective is positive, since the budget deficit is projected to be lower than previous years’. However, the governance side of the IMF’s extended fund facility program’s implementation must improve in order to improve budgetary policies for the future and address the lack of debt management.”

The World Bank’s Mr. Jean-Pascal N. Nganou shared his thoughts as a member of the international community, and said, “The outlook for 2019 seems generally positive, but there are two types of risks to watch out for: domestic uncertainty, due largely to politics, and external pressure from demand. In order to navigate the uncertainties, Mongolia must stick to the reform program and ensure its close implementation.”

Source: amcham.mn

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Hakuho to challenge himself for another sumo record www.news.mn

Mongolian sumo superstar M.Davaajargal, better known as Hakuho, will go into next month’s Kyushu Grand Sumo Tournament in the top east yokozuna slot, according to the latest ranking released by the Japan Sumo Association on Monday.

The 33-year-old Mongolian who came off with a perfect 15-0 record in September’s Autumn tournament, now has his sights set on a record-extending 42nd career title. Although he has only one championship to his name this year, Hakuho is an eight-time winner in Fukuoka and is the defending champion.

If Hakuho manages another title with a 15-0 record at the tournament starting on 11 November, it will be the first time he has gone 15-0 in two straight tournaments in over five years.

However, there are concerns over his fitness after he underwent endoscopic surgery on his right knee earlier this month.

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China machine 'working very well' amid stimulus, Rio says www.mining.com

China’s stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group.

“The Chinese machine is still working very well,” CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.

China has had a spurt of local bond issuance intended to fund roads, homes and other infrastructure developments, while tax cuts and other fiscal stimulus measures are being used amid efforts to shore up growth. Data released last week show the impact has yet to kick in, with infrastructure investment sliding to the slowest growth since early 2014.

Jacques this month led a 60-strong Rio delegation on a week-long tour of customers, suppliers and partners in China, where the producer gets 44 % of its revenue.

“The Chinese government is putting more money into the system and is pushing infrastructure,” Jacques said in the interview, on the sidelines of the International Mining and Resources Conference in Melbourne. “What came slightly as a surprise to us is that they are putting more money at the provincial level.” The Chinese government is putting more money into the system and is pushing infrastructure

Trade tensions could actually offer a boost for commodities producers, if the result is improved domestic demand in China, the largest consumer of raw materials, Paul Bloxham, chief economist for Australia at HSBC Holdings Plc, said in a separate Bloomberg TV interview. Still, there’s some uncertainty over the outlook because of the risk that tariffs could dent global growth, he said.

“They have been pulling forward infrastructure projects, loosening monetary policy to try to provide support for domestic demand, and that in turn is supporting commodities prices,” Bloxham said. The bank expects prices to rise over the next couple of years on demand in China and as a result of under-investment by miners in new supply. “What happens with China’s domestic demand is really what drives the overall story.”

Over the short term, steel production in China is on track for an annual record and is supporting consumption of raw materials, Rio’s Jacques said. The nation’s dominance in electric vehicles, where China is the largest market, will also support longer-term demand gains for commodities including bauxite, aluminum and copper, Jacques said. “We have no doubt that China will lead the way in terms of the electrical vehicle revolution.”

Miners are looking for any impact of China’s winter capacity curbs on smokestack industries — part of a broader anti-pollution drive — amid the efforts to support growth, South32 Ltd. CEO Graham Kerr told Bloomberg TV in an interview. “It’s going to be interesting to see just how those winter cuts fall into play as they try to balance the environmental concerns with where the economy is at,” he said.

The impact of the China-U.S. trade war could be to crimp Chinese GDP growth in the range of 0.5 to 0.75 percentage points, BHP Billiton Ltd. Chief Commercial Officer Arnoud Balhuizen said at the conference. The world’s top miner has slightly revised down its expectations for world growth in 2019 and 2020, he said.

BHP hasn’t so far felt any impact on its business, and demand for steel-making ingredients will be underpinned by China and India over the year ahead, he said.

Rio, which has an exploration pact with China Minmetals Corp., is open to adding new partnerships with suppliers, customers or others in China, Jacques said in the interview. The producer has a partnership with Apple Inc. and Alcoa Corp. to produce greenhouse gas emissions-free aluminum, while the sector may need to consider better collaboration to develop new technologies like autonomous ships, he said earlier in a speech.

(By David Stringer, James Thornhill and Haidi Lun)

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Mongolia holds horse festival to boost winter tourism www.xinhuanet.com

ULAN BATOR, Oct. 29 (Xinhua) -- Mongolia will organize a horse festival in an effort to pass on the horse culture to future generations and boost winter tourism, organizers said Monday.

The annual "Horses of Mongolian Steppe" festival will be held for the fifth year in eastern Khentii province starting Friday.

Co-organized by the Ministry of Environment and Tourism and the Governor's Office of Khentii Province, the festival will feature multiple activities, including horse racing and lasso competitions.

Mongolia ranks among the top worldwide in terms of horse population.

According to the National Statistical Office of Mongolia, there were over 66.2 million livestock animals in Mongolia as of the end of 2017, of which almost six percent were horses.

However, the Mongolian herdsmen prefer to ride motorcycles and cars to look for livestock animals instead of riding horses, which makes the preservation of the horse-riding culture a necessity.

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Proposal to consult on self-dissolution of the Parliament sent www.montsame.mn

Ulaanbaatar /MONTSAME/ President of Mongolia Kh.Battulga handed over an official letter regarding “consultation” to Chairman of the State Great Khural M.Enkhbold on October 29.

In the official letter, President Battulga condemns the Parliament and the Cabinets that were formed as a result of the 2016 General Elections over failures to fulfill their election promises and work in conformity with the law in exercising the State power.

The official letter reads, “…The Members of Parliament, having fully surrendered to the ways of treating the budget with a pre-election attitude based on narrow interests, trifling with the national economy, and using their power and influence for personal gains, are completely exploiting the constitutional principle: “A member of the Parliament is an envoy of the people and represents and upholds the interests of all the citizens and the state.” This has led to the loss of public support and trust in the highest organ of State power and further to the lack of guarantee that the forming of third and fourth Cabinets would result in national development and tangible outcome.

The Constitution of Mongolia declares that the State power is vested in the people of Mongolia. In this solid case where the highest organ of State power, the members of which are elected by the citizens, has clearly lost the trust and support of the citizens, it is no longer in a position to carry out its mandate.

The Section 2 of Article 22 of the Constitution of Mongolia states that “The Parliament may decide on its dissolution if not less than two thirds of its members consider that the Parliament is unable to carry out its mandate, or if the President, in consultation with the Chairman of the Parliament, proposes to do so for the same reason.” The Section 11 of Article 12 of the Law of Mongolia on President states that “If it is considered that the Parliament is unable to carry out its mandate, the President shall officially notify to the Chairman of the Parliament on the proposal to consult on self-dissolution of the Parliament. The Chairman’s disapproval of the proposal will not prevent the President from proceeding with his proposal in the Parliament.”

Therefore, I am hereby delivering a proposal to consult on self-dissolution of the Parliament.”

Source: president.mn

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Former President Ts.Elbegdorj to support women workers in Pakistan www.news.mn

Ts.Elbegdorj, former President of Mongolia, and Member of the World Leadership Alliance – Club de Madrid (WLA – CdM) will lead a mission on 30 and 31 October 2018 to Lahore (Pakistan), aimed at promoting a dialogue on improving the socio-economic conditions of women workers in the agricultural sector in Pakistan. Meetings are planned with local authorities in the Punjab region, the Regional Assembly and other civil society actors.

During his visit, former President Ts.Elbegdorj, together with INSPIRED+ local team, Aurat Foundation and WLA – CdM staff, will participate in a roundtable on ´Launching of Participatory Policy Assessment Report on the Socio-Economic Rights of Women Working in the Agriculture Sector in Punjab´. It is expected that the Mongolian politician will also meet the Governor of Punjab, Chaudhry Mohammad Sarwar, and the Chief Minister of Punjab, Sardar Usman Buzdar, at Governor’s House and Chief Minister’s Office respectively. Lastly, former President Elbegdorj will participate in a meeting with women MPs of the Punjab Legislative Assembly. A talk with Pakistani national TV and a dinner with Pakistani journalists have been scheduled too.

The World Leadership Alliance – Club de Madrid is the largest, worldwide assembly of political leaders working to strengthen democratic values, good governance and the well-being of citizens across the globe. As a non-profit, non-partisan, international organization, its network is composed of more than 100 democratic former presidents and prime ministers from over 60 countries, together with a global body of advisors and experts practitioners, who offer their voice and agency on a pro bono basis, to today’s political, civil society leaders and policymakers.

INSPIRED+ is an action that is funded by the EU through the European Instrument for Democracy and Human Rights (EIDHR). The objective is to contribute through participatory and inclusive dialogue processes, to the effective implementation of the core UN and ILO conventions in nine beneficiary countries of the EU Generalized Scheme of Preferences (GSP+). The beneficiary countries of the action are: Armenia, Bolivia, Cape Verde, Georgia, Kyrgyzstan, Mongolia, Pakistan, Paraguay and the Philippin

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Rio says Chinalco pact for $1B Simandou stake has lapsed www.mining.com

Rio Tinto Group, the world’s second-biggest miner, said a pact to offload its stake in the $20 billion Simandou iron ore project in Guinea to its Chinese partner, Aluminum Corp. of China, has lapsed. Rio holds about 45% of the project, while Chinalco has about 40 percent and Guinea’s government owns a 15 percent stake

The parties had struck a non-binding agreement two years ago, when Rio said it could receive payments of between $1.1 billion and $1.3 billion for the stake, dependent on the project being developed. Rio and its partner, known as Chinalco, will work with Guinea’s government “to explore other options to realize value” from the asset, Rio said Monday in a statement.

Development of Simandou, which holds an estimated 2 billion metric tons of iron ore, has been hampered by issues including infrastructure requirements. Rio said in 2017 it had decided the project’s estimated $20 billion development costs were too high.

London-based Rio is assisting authorities in three countries over investigations into a $10.5 million payment to an external consultant made in 2011 in connection with the project. The company in 2016 alerted authorities including the U.S. Department of Justice and the U.K.’s Serious Fraud Office to the payment.

(By David Stringer)

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Russia to build world's northernmost railway in Arctic www.rt.com

Russian energy giant Gazprom will work with Russian Railways on the construction of a railroad which will run to the new Arctic port of Sabetta, on the western shore of the Ob river estuary, on the Yamal peninsula.
The project is set to be transferred to federal ownership so that the federal budget could back the potential investors, according to an unnamed government source, as quoted by Russian business daily Vedomosti. The partners are reportedly in talks with Russia's largest independent natural gas producer Novatek.

The new railroad is a vital transport corridor necessary for delivering cargo, transporting oil and gas, and moving freight from the Northern Latitudinal Railway to the Northern Sea Route. The new line will extend the existing 1097km-long (682 miles) railroad which connects the small northern settlements of Obskaya, Bovanenkovo and Karskaya to Sabetta.

The existing railroad is owned by Gazprom. The projected cost to build the extension will total up to 115 billion rubles ($1.7 billion), according to sources cited by the media.

The new concession agreement is going to replace the existing public-private partnership that had been clinched in 2015 between the government of Yamalo-Nenets Autonomous Okrug and VIS TransStroy, a subsidiary of VIS Construction Group. The firm was expected to finish construction by 2019, but the work hasn’t started.

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