1 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      2 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      3 THE SURPRISE FUEL FLOWS SPARKED BY A RAGING U.S.-CHINA TRADE WAR WWW.BLOOMBERG.COM PUBLISHED:2018/11/19      4 MONGOLIA’S COAL EXPORTS IN FIRST 10 MONTHS UP 10PC WWW.XINHUANET.COM PUBLISHED:2018/11/19      5 ABOUT 100 THOUSAND PASSENGERS PASSED THROUGH MONGOLIA-XINJIANG BORDER WWW.MONTSAME.MN PUBLISHED:2018/11/19      6 CHINA'S ‘ONE BELT, ONE ROAD’ GLOBAL INVESTMENT PLAN MAPPED OUT WWW.RT.COM PUBLISHED:2018/11/19      7 ASIA SUMMIT ENDS IN HISTORIC FAILURE WWW.CNN.COM PUBLISHED:2018/11/19      8 INAUGURATION OF SHERAB KYETSEL LING INSTITUTE WWW.DALAILAMA.COM PUBLISHED:2018/11/19      9 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      10 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19     ЗЭСИЙН ЗАХ ЗЭЭЛД ЦОЙЛУУЛАХ ХАРМАГТАЙ WWW.DNN.MN НИЙТЭЛСЭН:2018/11/19     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: БЯМБА ГАРАГТ ГАШУУНСУХАЙТ-ГАНЦМОД БООМТООР НҮҮРС ТЭЭВРИЙН 99 АВТОМАШИН НЭВТЭРСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     НЭГ АЖИЛТАНД НОГДОХ ДНБ III УЛИРЛЫН БАЙДЛААР 3.7 САЯ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     ХЯТАДЫН ХЯЗГААРЛАЛТ $300-450 САЯЫГ ГАЦААНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/19     АЗЕРБАЙЖАН УЛС МАНАЙД ДАРС НИЙЛҮҮЛЭХЭЭР БОЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/19     ШУУДАН, ХАРИЛЦАА ХОЛБООНЫ САЛБАРЫН ОРЛОГО ОНЫ ЭХНИЙ 9 САРД 21.4 ХУВИАР ӨСӨВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/19     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    

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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Improved fuel producing enterprise to be established www.montsame.mn

Ulaanbaatar/MONTSAME/ The Cabinet called its regular meeting on April 25 and decided to establish an enterprise to produce improved fuel, based on the Erdenes Tavan Tolgoi JSC.

To be operated as a subsidiary of ‘Erdenes Mongol’ LLC, the enterprise will produce improved fuel with the processed coal of Ukhaa Khudag mine.

It is one of measures to be implemented with the goal to reduce air and environment pollution. The enterprise will produce 90 thousand tons of improved fuel per year and fund its operational cost with its sales income. A ton of the condensed fuel is projected to be not higher than the price for a ton of raw coal.

M.Unurzul

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100 MW cumulative system for wind and solar energy to be created www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Energy Ts.Davaasuren got acquainted with the ‘Salkhit’ wind power plant’s operation. Head of the Department of Renewable Energy at the Ministry of Energy O.Bavuudorj and other officials assisted the Minister.

‘Salkhit’, the first Mongolian wind power plant with independent energy resource and capacity of 50 MW was built in 2004. It produces 140-150 million kW of energy annually, reducing the greenhouse gas emission by 180 tons and saving 1.6 million tons of clean water and 122 thousand tons of coal.

“Mongolia produces 11.8 percent of its energy or 120 MW of electricity from renewable energy sources. In the future, renewable energy sources will increase significantly. However, we need to develop the renewable energy sector with definite regulations in coherecne with other installed energy source capacities. For instance, the renewable energy production stops when there is no sun or wind. Thus, in order to overcome these kinds of difficulties, we are planning to create a 100 MW national cumulative system for produced wind and solar energy in the next two years” said Minister Ts.Davaasuren.

Minister also noted that the initial investment will be high, but further production will be cheap. As the solar technology is getting cheaper, countries have policy to increase renewable energy use. At the same time, it is important to develop a system that accumulates energy during daytime and distributes electricity to customers during nighttime.

B.Misheel

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Livestock vaccines to be produced in Mongolia www.montsame.mn

Ulaanbaatar/MONTSAME/ “National Program ‘Livestock Health’ will be realized. Also, we have a goal to produce vaccines in Mongolia,” said B.Batzorig, Minister of Food, Agriculture and Light Industry at the meeting ‘Business Breakfast’ on April 24.

Being regularly organized by the Mongolian National Chamber of Commerce and Industry, the ‘Business Breakfast’ meeting aims to deliver proposals and initiatives of private sector to policy makers and strengthen cooperation between them.

More than 80 businessmen and specialists from the ministry attended the meeting and exchanged views on pressing issues in agricultural sector.

“The sector requires development revolution. When a General Veterinary Authority is established, it will be in charge of controlling all agricultural products to be exported. By doing so, control will be raised and quality of products will be improved. It will be very important to satisfy healthiness, provide population with safe food and export agricultural raw materials and products,” said the Minister.

The Ministry plans to implement a Program ‘Industrialization 21:100’ and agriculture-based processing plants such as cashmere, leather, meat, milk and dairy products will be established in all aimags. Every province will have processing industry suitable for them.

“Mongolia’s livestock reached 66.2 million and is expecting to have 22 million head of offspring this spring. Therefore, we are working to have more quality raw materials and products and produce value-added final products for export,” added the Minister.

In the end, B.Batzorig summarized, “Businessmen said that the sector needs investment. We have received many proposals and suggestions, such as to lower the loan rate and increase loan volume being issued to small and medium-sized enterprises. Moreover, we shared views on what policy and solutions are needed in the sector and how to export agricultural products and raw materials.”

M.Unurzul

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TOP 100 Companies Dramatically Increase Revenues www.gogo.mn

The National Statistical Office reported that corporate income tax revenue generated in the first quarter of 2018 came to 233 billion MNT, an increase of 13 percent compared to the same period in 2017.

During the economic crisis in 2016, the corporate income tax revenue was 3.5 times lower than the current indicator. Foreign direct investment to Mongolia has increased due to commodity price hikes and intensification of construction projects.

The expansion in export volume also helped to increase revenue. The top 100 companies in Mongolia earned a net profit of 269.89 billion MNT, an 81.4 percent increase compared to 2016; gross losses decreased by 54 percent. The companies are raising their financial outlook accordingly in 2018.

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Fluorspar Exports Double www.gogo.mn

Mongolia’s export of fluorspar doubled in the first quarter of 2018, reaching 25 million USD. The main exports were to the PRC and Russian Federation.

The price per ton of unconcentrated fluorspar amounts to 75-92 USD and 92-97 USD for concentrated fluorspar. The Minister of Mining and Heavy Industry has set up a task force to prepare additional proposals based on analyses of the fluorspar industry extraction and exports.

Task force members met with industry representatives last week, and both sides agree that proper policies regarding fluorspar will help increase the value of the mineral.

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Shares of Erdenes Tavan Tolgoi JSC attract foreign investors interest www.montsame.mn

Ulaanbaatar /MONTSAME/ ‘Invest Mongolia Hong Kong 2018’ conference was successfully held on April 20 at Hong Kong Special Administrative Region of the People's Republic of China. Representatives of more than 120 international banking and financial institutions, public and private organizations participated at the conference. Mongolian delegates led by the Minister of Mining and Heavy Industry D.Sumiyabazar attended the meeting.

The conference included discussions on Mongolia’s economy, investment environment, Asian investors, major projects and programs in mining industry and the stock market.

Major companies and investors of China attached great importance on the conference as it was organized shortly after Prime Minister U.Khurelsukh’s official visit to China. At the conference Minister D.Sumiyabazar called the investors to make investments in gold mining, minerals processing plants and making the Erdenes Tavan Tolgoi deposit to enter to international markets.

Deputy Director for Business and Development of the Erdenes Mongol LLC O.Odbayar gave information on financial performance, long-term goals, projects and programs of the Erdenes Mongol LLC and its subsidiaries, and the stocks issued by Erdenes Tavan Tolgoi JSC, which attracted interest of the conference participants.

B.Misheel

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Mongolia to launch bike-sharing to reduce air pollution, traffic jam www.xinhuanet.com

ULAN BATOR, April 24 (Xinhua) -- Mongolia will launch a bike-sharing project in capital Ulan Bator on May 31 to reduce air pollution and traffic jam, the mayor's press office said in a statement.

S. Batbold, Ulan Bator's mayor, and G. Dashnyam, CEO of bicycle maker Nickel Ganbaa, signed an agreement here Tuesday to implement the U-Bike project, which will place 500 bicycles in over 40 locations in the first phase.

The bicycles will have GPS devices to prevent theft.

By 2020, 2,000 bicycles will be deployed in 150 locations.

Electric bicycles, numbering 2,500, will be put in 250 locations by 2021-2026. By 2027-2033, their number will be doubled.

The fee for the service will be 500 Mongolian tugrik (20 U.S. cents) per 30 minutes, and 800 tugrik (about 33 cents) per hour.

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India-Mongolia ties on upswing: Sushma Swaraj’s visit takes forward outreach that began with Narendra Modi's tour in 2015 www.firstpost.com

External Affairs Minister Sushma Swaraj’s visit to Mongolia from 25-26 April takes forward the outreach that began with Prime Minister Narendra Modi’s tour to Mongolia in 2015, the first visit by an Indian prime minister to the Northeast Asian country.

Swaraj will co-chair the sixth round of the India-Mongolia Joint Consultative Committee with Mongolia’s Foreign Minister Damdin Tsogtbaatar. India and Mongolia had signed a joint statement on Strategic Partnership in 2015 when Prime Minister Modi had announced a credit line of $1 billion for infrastructure development for Mongolia. Mongolia is using the credit line to build its first oil refinery. The two ministers will review the projects under implementation during their meeting.

At Ulaanbaatar, Swaraj will participate in an unusual event to commemorate a former Indian ambassador; she will deliver the keynote address at the birth centenary celebrations of the late Kushok Bakula. Venerable Kushok Bakula Rinpoche was deeply revered in Mongolia. He was credited with cementing India-Mongolia ties and helping to revive Buddhist traditions in the former communist country during an unprecedented ten-year tenure in Ulaanbataar as Indian ambassador.

The 19th Rinpoche was an unusual but brilliant choice as India’s envoy. He was a high lama of Ladakh, parliamentarian, a great scholar of Buddhist studies and activist for the interests of Ladakh. When Bakula reached Ulaanbataar in 1990, Mongolia had just become a multiparty democracy after seven decades of communist rule and Mongolian society was adjusting to the new freedoms, including religious freedom. There was a revival of interest in religion in Mongolia, but there were few religious teachers. During the communist rule, almost all traces of religion had been wiped out, Buddhist monasteries had been destroyed, ancient scriptures burnt and the monks driven away.

The Mongolians follow the same Mahayana school of Buddhism as the people of Ladakh. Bakula brought Buddhist scriptures from India and helped establish the Pethub monastery. He arranged for young monks to be sent to Sarnath in India for religious training and Buddhist scholars from India were invited to visit Mongolia. He travelled extensively through the country, visiting small communities and giving lectures and discourses. The Ladhaki high lama was venerated by ordinary Mongolians and long queues were formed for his blessings wherever he went. As India’s envoy, he worked to build up government to government relations. Even after Bakula returned to India, he retained strong ties with Mongolia till his death at the age of 87 on 6 November, 2003.

The Kushok Bakula birth centenary is being celebrated in Ulaanbataar, Ladakh and other parts of India. The Buddhist connection between India and Mongolia has been in existence for centuries. In 1978, Atal Bihari Vajpayee, the then External Affairs Minister, had said that India holds the people of Mongolia in high esteem “for preserving, in translation and in manuscript, the vast collection of precious Sanskrit text on Indian philosophy, poetry, logic and astronomy lost by India over centuries.”

Modi’s landmark visit in 2015 coincided with the 60th anniversary of the establishment of diplomatic relations, adding a new dimension to India-Mongolia ties. Six decades ago, India had been the first country outside the Soviet bloc to establish diplomatic ties with Mongolia. A few years later, India backed Mongolia’s membership in the United Nations even while Beijing and Taiwan were opposed to it.

Despite the distance between them, Mongolia considers India a “third neighbour” as well as a “spiritual neighbour”. Landlocked between two large neighbours, China on three sides and Russia on the remaining side, Mongolia seeks a balance between the two neighbours and has made close friends among some countries which are referred to as the third neighbours.

Mongolia, under its new President Khaltmaa Battulga, is keen to consolidate its relations with other friendly countries as a counterbalance to its overbearing neighbour, China. In 2016, China had imposed a blockade on the supply of essential goods to Mongolia for inviting the Dalai Lama for a religious visit to the country. The Mongolian government was forced to give assurances to Beijing that it would not allow any more visits by the Tibetan leader. China accounts for almost 70 percent of Mongolia’s foreign trade.

Mongolia has large untapped resources and mineral reserves and its government is keen to attract investment in different sectors, including mining. India-Mongolia ties have been on an upswing in the past three years. Mongolia constitutes a part of India’s Act East policy and the relationship has moved forward from a comprehensive partnership to a strategic partnership.

 
 
 
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Rewarding tariff policy through reinforcing Colorado’s partnership with Mongolia www.denverpost.com

As Washington and Wall Street grapple with the implications of a simmering China “trade war,” the United States has an opportunity to use nuanced tariff policy to reward a long-time ally and flourishing democracy in Asia: Mongolia. Colorado has a unique role to play because our state has enjoyed a long and close relationship for years.

Dozens of Mongolians — including prominent diplomats and elected officials — have studied at the Colorado School of Mines, CU-Denver, the Univ. of Denver and other excellent schools in our state. Denver is sister city to Ulaanbaatar, and the two capitals have enjoyed numerous cultural, education and trade exchanges — most recently hosting Ulaanbaatar Mayor Batbold and a dozen business-people. Aurora-based Wagner Equipment Co. was among the first foreign companies to invest in Mongolia, and it remains among the most important investors. Indeed, the United States Embassy is located on #3 Denver Street!

Before becoming a Colorado resident, employer and recently-elected member of Basalt’s Town Council, I lived and worked in Mongolia for the better part of a decade. As geopolitical tensions escalate in Asia, Coloradans can contribute directly to stronger political and economic relations with this thriving free-market democracy that will serve our state and national interests. We can reward Mongolia, a stalwart partner, and contribute to security and stability in Northeast Asia.

After China, Mongolia is the world’s largest producer of cashmere. In 2017, world cashmere production reached 20,000 tons with approximately 48 percent supplied by China and 40% by Mongolia. These fine fibers are knit and woven into luxurious products found at high-end interior design and home décor boutiques, and at ski resorts across Colorado and the Rockies.

Congress has and will continue to play a critical role in our national security and trade policy. In Colorado, we are fortunate to have focused Congressional leaders who have evidenced past support for countries committed to democratic and free-market principles.

Congressman Jared Polis authored the 2014 Nepal Trade Preference Act that was passed into law with bipartisan support to help that country recover from a devastating earthquake, while strengthening its sovereignty and economy in the shadow of China. Sen. Cory Gardner, at the confirmation hearing for Mike Pompeo, again demonstrated a keen understanding of the complexities of the region. As chair of the Subcommittee on East Asia and the Pacific, he has consistently advanced proactive and creative policy in our national interest.

The challenges Mongolia faces result from economic pressures exerted by its neighbors: Russia and China. Expanding U.S. — Mongolian trade will help the country grow its economy and, in the process, strengthen its sovereignty. It is in our interest as Americans that Mongolia remain a thriving free-market democracy in a region where it is surrounded by neighbors who have yet to embrace similar values.

The late Illinois Congressman Phil Crane, Founder of the Heritage Foundation, saw the benefits of a strong free market taking root in Mongolia. He pushed Congress to grant Mongolia “Most Favored Nation” status. Two-way trade between the United States and Mongolia soared from $9.2 million in 1992 to $707 million in 2012. At the high-water mark, U.S. exports tallied $665 million. American exports to Mongolia consistently outpace imports by a 10:1 margin. Mongolia has never erected protectionist tariffs and has welcomed American imports.

Congress is evaluating next steps following the Administration’s unilateral trade actions. Similar to the measures granted Nepal which was authored by Congressman Polis and championed by Sen. Gardner, extending trade preferences to Mongolian textiles, while nuanced and seemingly small, will demonstrate to countries across Asia that the United States is not only committed to new trade deals, but also to democracy and free market economies.

William S. Infante serves on the Basalt Town Council. With his wife, he launched Hangai Mountain Textiles headquartered in Basalt. He served in Mongolia as resident representative of the San Francisco-based Asia Foundation, and spent close to 20 years in foreign service with USAID/U.S. State Dept., and as UN Resident Coordinator (Ambassador) to Serbia.

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Invest Mongolia London, UK 2018 on June 8 www.frontier-conference.com/london/speakers/

Frontier Securities is pleased to invite you to attend Invest Mongolia London on June 8 (Friday), 2018 given the improved economic situation in Mongolia and the stronger interest to Invest in Mongolia.

Below are the topics to be discussed at the conference.

- The update of the IMF Program and the outlook of the Mongolian Economy in 2018
- The action plan of the Government in the next two years and the areas that benefit most
- The successful refinancing of the Sovereign Debt and the opportunities to invest in Corporate, Municipal and Bank Debts
- The Government plan of Privatizing SOEs and listing the shares of Erdenes Tavan Tolgoi and others to London Stock Exchange

Invest Mongolia is one the of the largest events on Mongolia, which serves as a platform of bringing in people from the Government, key industries' players, financial institutions, global investors and medias attracting more than 1000 delegates where they get a chance to talk about several socio-political and economic development throughout the year. It will be the first time for Invest Mongolia to be held in London.

This year will be particularly important to attend because ETT, the largest coal miner in Mongolia is interested in going IPO in LSE and we anticipate lots of business opportunities in the next few months between UK and Mongolia.

Therefore, we have confirmed the participation of important Government officials including Minister of Mining Sumiyabazar. So, far, we have confirmed 10 business people and 10 Government officials to attend the event. And, we expect 10-20 more to attend for the event. See the list of speakers at below.

https://frontier-conference.com/london/speakers/

So, please register online at the events via the below links. The registration is free of charge.

https://www.frontier-conference.com/london/registration/

In addition, if you want to join the below Business Tour from June 6-14 to UK hosted by Mongolian Business Database, MBD will help you to obtain UK VISA for you. The deadline of the registration for them will close on April 26 (Thursday). http://www.mongolianbusinessdatabase.com/base/eventsdetails…

Please also note that it will take about 5 weeks to obtain UK visa for Mongolians as the application of the UK visa needs to be submitted to Manila.

For the details of the visa application, please contact the link at the www.mongolianbusinessdatabase.comand/or register at contact@mongolianbusinessdatabase.com or call (+976) 9906-6062

Invest Mongolia London 2018
Organized by Frontier Securities and National Development Agency in association with Mongolian London Business Forum

Tel: +976 7575-5520
E-mail: conference@frontier.mn
Conference Website: https://frontier-conference.com/london/

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