1 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      2 ELON MUSK UNVEILS FIRST TOURIST FOR SPACEX 'MOON LOOP' WWW.BBC.COM PUBLISHED:2018/09/18      3 CHINESE DELEGATION INFORMS MONGOLIANS ON TIBET'S DEVELOPMENT WWW.XINHUANET.COM PUBLISHED:2018/09/18      4 CHINA REPORTS NEW AFRICAN SWINE FEVER OUTBREAK IN INNER MONGOLIA WWW.REUTERS.COM PUBLISHED:2018/09/18      5 MORE MONGOLIANS VISITING SOUTH KOREA FOR MEDICAL SERVICES WWW.NEWS.MN PUBLISHED:2018/09/18      6 CHINA RAILWAY TO BUILD INFRASTRUCTURE FOR RUSSIA’S FAR EAST WWW.RT.COM PUBLISHED:2018/09/18      7 MOST PROFITABLE MINING COMPANIES IN 2017 WWW.MINING.COM PUBLISHED:2018/09/18      8 MINISTRY OF ENERGY PLANS TO TAKE CONTROL OF POWER PLANTS FOLLOWING SATURDAY BLACKOUT WWW.ZGM.MN PUBLISHED:2018/09/18      9 IRRESPONSIBILITY AT WORKPLACE RESULTS IN CITYWIDE BLACKOUT WWW.ZGM.MN PUBLISHED:2018/09/17      10 SALESFORCE BILLIONAIRE MARC BENIOFF TO BUY TIME MAGAZINE WWW.BBC.COM PUBLISHED:2018/09/17      БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18     ИРЭХ ОНД ТӨРИЙН АЛБАН ХААГЧДЫН ЦАЛИН 20 ХУВИАР НЭМЭГДЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/18     ЕВРОПЫН СЭРГЭЭН БОСГОЛТ ХӨГЖЛИЙН БАНК ЖИЖИГ ДУНД БИЗНЕСИЙН БҮСИЙН ХӨТӨЛБӨРӨӨ МОНГОЛД ЭХЛҮҮЛЖ БАЙНА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/18     ХАЙЛААР, ЧИТА, ЧОЙБАЛСАНГ ХОЛБОСОН АЯЛАЛ ЖУУЛЧЛАЛЫН КОРИДОР БАЙГУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2018/09/18     АМ.ДОЛЛАРЫН ХАНШ 2500 ТӨГРӨГ ДАВЛАА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/18     ЗОЧЛОХ ҮЙЛЧИЛГЭЭНИЙ САЛБАРЫН 6500 ГАРУЙ БИЗНЕС ЭРХЛЭГЧ "CROCUS"-Т ЧУУЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/18     ХОККАЙДО-МОНГОЛЫН ЭДИЙН ЗАСГИЙН ХАРИЛЦААГ ДЭМЖИХ НИЙГЭМЛЭГИЙН ТЭРГҮҮН ТАКЭБЭ ЦҮТОМҮТЭЙ АЯЛАЛ ЖУУЛЧЛАЛЫН АСУУДЛААР ЯРИЛЦЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/18     УЛААНБААТАР ХОТОД САЙЖРУУЛСАН ТҮЛШ НӨӨЦЛӨХ АГУУЛАХ БАРИНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/17     МӨНГӨ УГААХ ГЭМТ ХЭРЭГТЭЙ ТЭМЦЭХЭД ТӨРИЙН БАЙГУУЛЛАГУУДЫН ОРОЛЦОО ЧУХАЛ WWW.IKON.MN НИЙТЭЛСЭН:2018/09/17    

Events

Name organizer Where
LONDON- “BRAND LICENSING EU 2018” БОЛОН БИЗНЕС ХӨТӨЛБӨР Oct 09-14. 2018 MBD London UK
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Mongolia to hold regional assembly for blind, visually impaired www.xinhuanet.com

ULAN BATOR, Aug. 29 (Xinhua) -- The World Blind Union (WBU) -- Asia Pacific Mid-Term Regional General Assembly 2018 will be held here from Sept. 9 to 12, the Mongolian National Federation of the Blind said Wednesday.

The general assembly is themed "Leaving no blind person behind - ten years of the UNCRPD (UN Convention on the Rights of Persons with Disabilities), what we have achieved so far and the next decade of advocacy."

Some 200 domestic and foreign representatives, including WBU President Fredric Schroeder and leaders of 18 Asia-Pacific organizations providing services to the blind and visually impaired are expected to attend the event, Gerel Dondovdorj, head of the federation, told a press conference.

During the quadrennial event, the participants will discuss the most pressing issues for the blind and visually impaired, including employment and ways to eliminate the barriers they face, she said.

There are 285 million blind and partially sighted people across the world, according to the World Health Organization.

In Mongolia, there are some 16,610 visually impaired people, with about 96 percent of them unemployed, Gerel said.

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N. China’s Inner Mongolia sees foreign trade with B&R countries increase in Jan-July www.en.silkroad.news.cn

BEIJING, Aug. 29(Xinhua) – The foreign trade of North China’s Inner Mongolia with the countries along the Belt and Road routes reached 39.2 billion yuan in the first seven months of this year, an increase of 6.4 percent over the same period last year, accounting for 67.8 percent of the regional total, the Hohhot Customs District said on Tuesday.

According to customs statistics, the region’s exports value amounted to 12.78 billion yuan, up 12.4 percent, accounting for 59.6 percent of the total export volume in the same period; while its imports were 26.42 billion yuan, up 3.7 percent, making up 72.6 percent of the total import.

Inner Mongolian’s foreign trade with the Belt and Road countries saw the growth due to increasing trade scale and deepening of the opening-up of the region. Erenhot customs will continue to simplify procedures to facilitate foreign trade. (Editedby Wu Shuang, hupingchao@xinhua.org)

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Coal worth of MNT 60 billion stolen from Tavan Tolgoi mine www.news.mn

L.Enkhbold, Member of Mongolian Parliament made serious allegation at press conference Thursday (30 August) about coal worth of MNT 60 billion stolen from the Tavan Tolgoi mine. According to the MP, the Mongolian Cabinet has been discussing an examination of a case involving coal theft presented by a working group.

Five months ago, MP L.Enkhbold was the first to reveal 268.3 tonnes of coal being stolen from the Tavan Tolgoi mine and requested that the case be investigated. After that, the working group led by Ch.Khurelbaatar, was established at the request ofthe Prime Minister to Cabinet. The working group includes officials from over 10 agencies of Mongolian Government such as General Agency for Specialized Investigation, Mongolian Customs Administration and the Mineral Resources Authority of Mongolia. MP.Enkhbold is dissatisfied with work of the Independent Agency for Anti-Corruption.

According to a statement from the General Authority for Border Protection, a total of 849,121 coal trucks entered the Mongolian custom zone between 2013 and 2017. However, this does not tally with a report from the Mongolian Customs Administration which that it was 814 thousand coal trucks. So, there is 35 thousand coal trucks difference. A coal truck transports 80-125 thousand tonnes each time.

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Belt and Road Initiative biggest project of 21st century: Mongolian academic www.xinhuanet.com

ULAN BATOR, Aug. 30 (Xinhua) -- The Belt and Road Initiative (BRI) is the biggest project of the 21st century, providing broader opportunities for international cooperation, a Mongolian expert said.

"There are no other projects in the world like the BRI which connects (about) 70 countries across Asia, Africa, Europe and Oceania," Dashdorj Bayarkhuu, a professor at the Mongolian Diplomatic Academy, told Xinhua in a recent interview.

According to him, under the BRI framework, international cooperation in areas including infrastructure and the economy could benefit the whole world.

This year marks the fifth year since the BRI was first put forward by Chinese President Xi Jinping in 2013 to expand cooperation and relations between China and other countries.

"Mongolia has supported the BRI from the onset and actively participated in it," Bayarkhuu said.

He added that Mongolia's wish to dovetail its Prairie Road development strategy with the BRI is an example of Ulan Bator's support for the initiative.

Highlighting landlocked Mongolia's geo-strategic location, he said it can gain a lot from the BRI. The construction of the China-Mongolia-Russia economic corridor, for example, will bring benefits to the Mongolian economy and all Mongolian citizens.

Mongolia and China should continue to deepen cooperation in this regard and accelerate the implementation of bilateral agreements as soon as possible, he added.

Chinese State Councilor and Foreign Minister Wang Yi last Friday met with the governors of five western provinces of Mongolia. The officials expressed their readiness to strengthen cooperation, especially with their neighboring Chinese provinces, in areas including agriculture, tourism, border trade, cultural exchanges and infrastructure

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Orient express: Japan tests freight transportation across Russia via Trans–Siberian Railway www.rt.com

Test shipments of Japanese goods to Russia using a sea link and the longest railway line in the world, the Trans-Siberian Railway, began Wednesday in Yokohama, Japan.
“This is a significant event for Russia and Japan. The project literally ties our two countries together,” Deputy Minister of Russia’s Economic Development Sergey Gorkov told TASS.

He expressed confidence that the project “will become a symbol of Russian-Japanese friendship and a bridge between our countries.”

Japan’s Deputy Minister of State Lands, Infrastructure, Transport and Tourism, Toshihiro Matsumoto, noted that the Trans-Siberian Railway (TSR) has a great development potential for both Russia and Japan.

“We believe that Japanese companies are interested in using this route, and I hope that we will reach a deeper understanding between the carriers of the two countries in the process of implementing this pilot project,” he said.

The shipments will be carried out in containers fitted with temperature, humidity and vibration sensors.

According to Russian Railways (RZD), the first 40-foot container has been dispatched this month from the Japanese port of Kobe to the port of Vostochny in Russia’s Primorsky Krai.

The container is planned to be transported further by rail to Russia’s Kaluga region and after the customs clearance procedure it will be finally delivered by road to the Moscow region. The approximate delivery date is 1 September 2018, which will result in a total travel time of just 14 days.

The next test shipment from Japan to Russia along the Trans-Siberian Railway is scheduled for 31 August 2018, according to RZD.

Current freight transport between Japan and Russia mainly uses sea and air routes. It takes between 53 and 62 days to ship freight from Japan to Moscow using a sea route that crosses the Indian Ocean. The new freight route via the railway will significantly cut transportation time between the two countries and costs could be reduced by up to 40 percent.

The Trans-Siberian Railway connects Moscow with the Russian Far East with a travel time of seven days. It is 9,289 km (5,772 miles) in length and spans a record eight time zones.

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BoM expects MNT exchange rate to remain stable www.zgm.mn

Loan grants may intensify in the upcoming months as the Bank of Mongolia (BoM) estimates a potential MNT 2 trillion worth credit source in the banking system through central bank’s securities, informs Gan-Ochir Doojav, Director General of Research and Statistics Department of BoM. Mr. Gan-Ochir remarked that the source of credit will mostly be directed at businesses. Statistics show that business loans have activated in the last 2-3 months, while consumer loans declined. The trend is expected to continue for the upcoming months. Business loan, one of the pillars of economic diversification, grew 15.7 percent year over year in the first half. In July, the monetary policy committee of the BoM decided to set the limit of debt-to-income of consumer loans at 70 percent of household income, which take effect on September 1. As a reminder, Mongolia’s benchmark interest rate reached 9-year low following the BoM’s decision to cut interest rate to 10 percent last March.

The balance of payment (BoP) came out positive in the first half of this year driven by foreign exchange (fx) inflow and foreign direct investment (FDI) reaching USD 879 million. Officials explained that Oyu Tolgoi investment was the key driver in the growth with over USD 700 million, accounting for 80 percent of FDI. The remaining was formed by coal sales, according to the BoM. Furthermore, experts expect the fx inflow to keep the pace and forecast the outflow to be stagnant as there are no major debt repayment due this year. The Government was obliged to repay MNT 3.8 trillion in loans this year and settled MNT 2.7 trillion in the first seven months. On the contrary, USD 836 million will be brought into Mongolia within the International Monetary Fund’s Extended Fund Facility program. Thus, the BoM expects the MNT rate to remain stable in the upcoming months and forecast the BoP to result USD 200-300 million in surplus. As of June, Mongolia’s fx reserves stood at USD 2.9 trillion, which is 2.5 times higher than the same period of last year.

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State harvest doubles last year's amount www.zgm.mn

During the Cabinet’s regular session yesterday, the Minister of Food, Agriculture and Light Industry Batzorig Batjargal presented the preliminary balance of state harvest. The Minister reports that about 497,000 hectares of land have been sowed, of which 367,000 hectares account for grains, 13,000 hectares - potate, 8,300 hectares - vegetables, 69,800 hectares - oil herbs and 38,800 hectares - fodders. Compared to the previous year, the preliminary balance of state harvest grew by 1.2-1.8 times. Mr. Batzorig highlighted that it is necessary to ensure that the harvesting is done according to technology as the maturity of crops was uneven with lots of area under blossoming stage and crops are growing partially due to high precipitation in August. The Ministry of Food, Agriculture and Light Industry plans to harvest 450,000 tons of grains, 425,000 tons of wheat, 151,000 tons of potatoes, 95,000 tons of vegetables, 30,000 tons of oil herbs and 86,000 tons of fodder. Mr. Batzorig informed that wheat potatoes can be fully supplied domestically unless weather and other complications hinder harvest.

Furthermore, the ministry plans to reserve 51,000 tons of wheat seed for the next year’s harvest, as well as supplying 330,000 tons of food-purpose wheat to manufacturers for the flour demand of the population. In addition, the ministry is now working to establish crop zones and implement the Government’s decision of May on setting up security fences along forests. Preparations of Erdenes Tavan Tolgoi IPO complete Another key topic at the Cabinet’s meeting was the IPO of Erdenes Tavan Tolgoi JSC (ETT). The working group responsible for the initial public offering announced that the preparatory works of offering the 30 percent stake of ETT at domestic and foreign stock exchanges have been finished. In accordance to the decision on IPO, the working group informed that the company’s rules must now be amended; thus, an irregular meeting of shareholders has been scheduled next month. The team also announced that their assignments, such as international auditing, legal and financial advisory services, and renewal of deposit reserves, have been completed.

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Mongolia exports 20 thousand tons of meat as of first seven months www.montsame.mn

Ulaanbaatar /MONTSAME/ As of the first seven months, Mongolia have exported a total of 22971.6 tons of meat including 10735.4 tons of heat-treated meat, 10319.7 tons of horse meat, 775.6 tons of mutton and goat meat, 642.5 tons of beef and 498.4 tons of by-products, earning income worth USD 50.6 million or MNT 124.9 billion.

Particularly, exports rose by 2651.5 tons compared to June this year, increasing income by MNT 14.3 billion, which indicates an average export of 3281.5 tons of meat per month.

In comparison with 2017, exports of horse meat grew by 1.4-fold, mutton and goat meat by 4.3-fold, heat-treated meat by 2.6-fold on average. The increase in meat export indicates the outcome of Government’s policy on creating an opportunity to export value-added products by improving the competitiveness of grocery production and becoming a food exporter country by developing processing plants in line with international standards, as well as the successful implementation of the first campaign of meat and milk, officials said.

M.Anudari

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Mortgage loan financing at over 155 billion MNT since the beginning of 2018 www.gogo.mn

In July, the Bank of Mongolia provided 15.9 billion MNT in mortgage loan financing to commercial banks for 231 mortgage requests, bringing the number of mortgage loan borrowers in 2018 to roughly 2,050.

Cabinet allotted 59.6 billion MNT for 860 mortgage loans, while the Bank of Mongolia has financed 1,187 mortgage loans with 96.2 billion MNT.

It is expected that a total of 300 billion MNT will be allocated for mortgage loan financing in 2018 for an estimated number of 5,000 borrowers.

As of July, the total number of mortgage loan borrowers exceeded 93,000, with outstanding mortgage loans valued at 4.2 trillion MNT.

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Coal truck logjam stretches over 85 kilometers at the Chinese border www.gogo.mn

Bayan Zam Transportation Union reported that the logjam of coal trucks at the road from the Tavan Tolgoi mine to the Gashuunsukhait border crossing has created a long queue.

CEO of Gashuunsukhait Road Company Ts. Bold said that the line's length is currently at 85 km.

He explained that the Chinese side has slowed down the process of purchases, rsulting in the lengthy logjam. Bayan Zam Union has stated that Cabinet Resolution No.185 on the readjustment of coal transportation routes is the main cause of the current logjam.

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