1 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      2 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      3 RUSSIA AND MONGOLIAN BORDER CROSSING NO. 487 WWW.NEWS.MN PUBLISHED:2018/09/20      4 WORLD ECONOMICS REPORTS THAT MONGOLIA’S EMPLOYMENT RATE HITS A FIVE-YEAR HIGH WWW.GOGO.MN PUBLISHED:2018/09/20      5 USD HITS RECORD HIGH IN MONGOLIA DUE TO HIGHER IMPORTS WWW.CHINA.ORG.CN PUBLISHED:2018/09/20      6 READOUT OF VICE PRESIDENT MIKE PENCE’S MEETING WITH PRIME MINISTER UKHNAA KHURELSUKH OF MONGOLIA WWW.WHITEHOUSE.GOV PUBLISHED:2018/09/20      7 MONGOLIA LAUNCHES EU-FUNDED PROJECTS TO PROMOTE GREEN DEVELOPMENT, ENVIRONMENTAL PROTECTION WWW.XINHUANET.COM PUBLISHED:2018/09/20      8 COAL EXPORTS FROM TOP SHIPPER HOBBLED WITH MINERS FACING CONSTRAINTS WWW.MINING.COM PUBLISHED:2018/09/20      9 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      10 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20     АТҮТ: БҮРТГЭЛТЭЙ АВТОМАШИНЫ 60 ОРЧИМ ХУВЬ НЬ ҮЗЛЭГ ОНОШИЛГООНДОО ХАМРАГДСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20     ЭДИЙН ЗАСАГ УРТ ХУГАЦААНЫ ТЭНЦВЭРИЙГ ХАНГАХАД ТӨВЛӨРНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     ЯПОН УЛСТАЙ АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРТ ХАМТАРНА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/20     МОНГОЛ, АМЕРИКИЙН ХАРИЛЦАА ШАТ АХИЖ, ӨРГӨТГӨСӨН ИЖ БҮРЭН ТҮНШЛЭЛИЙН ТҮВШИНД ХҮРСНИЙГ НОТЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/09/20     ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19    

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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February 22, 2018 trading report www.mse.mn

On February 22, 2018, 274,580 shares of 24 firms listed as Tier I, II, and III were traded. 8 companies’ shares increased in price while those of 18 companies' shares decreased and 3 companies' shares unchanged. "Euroasia Capital Holding" (SUN+15.00%) and "Tushig Uul" (TUS+14.99%) were the top performers whereas "Materialimpex" (MIE-13.16%) and "Tavantolgoi" (TTL-9.70%) were the worst performers.

On the secondary market for block government securities, 1,997 bonds worth MNT197.5 million were traded.

The TOP-20 Index decreased by 3.38 percent to reach 20001.38 points. The MSE market cap stands at MNT2,413,079,369,346.00

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Mongolia establishes Cashmere Development Fund www.news.mn

The Schneider Group noted that cashmere market has been recovering since a low point in 2014. This is of great benefit for Mongolia as one of biggest producer of cashmere. Subsequently, the Mongolian Government is focusing on cashmere exports and increasing the production workforce. Mongolia produces a third of the global supply, and cashmere makes up 40 percent of the country's non-mineral exports. The country trades MNT 700-800 billion of cashmere annually.

Mongolia plans to implement ‘Cashmere 2’ programme in 2018-2022. The four-year program is expected to increase the country's production and export of final cashmere products 5.7 times. The aim is to increase production of finished goods by 60-70 percent.

For this propose, the Cabinet has established the Cashmere Development Fund. The MNT 500 billion fund will support the cashmere industry.

Mongolia exported 5400 tonnes of washed cashmere to China in 2017. This accounted for 60 percent of total raw cashmere and 54.3 percent of revenue.

The Schneider Group is a global specialist in the processing and trading of fine wools and high value fibres. The company was set up in the early 1920's in Australia.

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Mongolia extends condolences over Iran's fatal plane crash www.irna.ir

President Khaltmaagiin Battulga expressed grief over the plane tragedy and extended condolence to the Iranian people, government and the families of the victims in a message to his Iranian counterpart President Hassan Rouhani.

An Iranian passenger ATR plane belonged to Asseman Airlines hit Dena Mountains, 120 km from Semirom, Isfahan Province Sunday morning.

The debris of the plane was found Monday. All 66 people onboard were killed in the tragic incident, and the dead bodies that have been found so far are being transported to Yasouj, the capital city of Kohgiluyeh and Boyer-Ahmad Province in southwestern Iran.

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Mongolia to conduct national census in 2020 www.xinhuanet.com.cn

ULAN BATOR, (Xinhua) -- Mongolia will conduct a national population and housing census in 2020, the Mongolian government press office said Thursday.

The census plan was approved at a meeting of the State Commission on Population and Housing Census 2020 chaired by Mongolian Prime Minister Ukhnaa Hurelsukh.

The regular census will start at midnight of Jan. 8 through Jan. 9, 2020 nationwide and will run for seven days. The final results of the census will be announced in June of the same year.

The Statistical Law of Mongolia states that a national census will be conducted every 10 years. Mongolia's population reached 3.2 million by December 2017, according to the latest data released by the National Statistical Office.

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Japan, Mongolia agree to boost pressure on N.Korea www3.nhk.or.jp

Japan and Mongolia have agreed to increase pressure on North Korea, which is continuing its nuclear and missile development.

Japanese Foreign Minister Taro Kono met with Mongolian Foreign Minister Damdin Tsogtbaatar in Tokyo on Thursday.

In the meeting, Kono said the international community must be united in dealing with North Korea. He stressed the necessity of maximizing pressure on the North in various areas, including the implementation of UN Security Council sanctions.

They agreed to work together to boost pressure on the country after the PyeongChang Olympics and Paralympics now under way in South Korea.

Kono asked for Mongolia's support to resolve the issue of abductions of Japanese nationals by North Korea. He also said Mongolia should swiftly implement the austerity measures necessary to receive financial assistance from the International Monetary Fund and others.

Tsogtbaatar met with Kim Yong Nam, the president of North Korea's Presidium of the Supreme People's Assembly, in North Korea earlier this month.

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IPO To Drive Financial Inclusion Ambitions of AND Global’s Mongolian Subsidiary, LendMN www.fintechnews.sg

Singapore registered fintech startup AND Global today announces the upcoming initial public offering (IPO) of its Mongolian subsidiary LendMN, a smartphone-based instant lending service provider.

The IPO will launch on February 20, 2018 on the Mongolian Stock Exchange, following LendMN’s monumental success over the past year.

lendmnLendMN brings emergency loans to consumers who are either under-banked or are totally outside of the formal financial system. Since its soft launch in January 2017, the company has issued $9.5 million in loans to roughly 28,800 active borrowers.

Thanks to the region’s high demand for financial services coupled with the company’s highly capable AI algorithm, it has witnessed 70% month over month growth from its customer base in Mongolia. The LendMN platform currently distributes more than 1,500 loans per day with a repayment rate of approximately 98.2%, and boasts a 4.6 star rating in the Google Play store.

Less than one year since its commercial launch, LendMN will raise $2 million USD in a local IPO scheduled for February 20, 2018, with the intent to expand its service to the entire under-banked population within Mongolia. The company will issue 200 million shares in total, corresponding to a 25% stake in the total equity of the company. Strategic acquirers, including Seoul based Rhinos Asset Management, have announced their intents to purchase shares worth $1 million USD, for a 12.5% stake in the company.

With LendMN, access to a loan takes customers just 5 minutes on a mobile phone. Subsequent loans take less than 1 minute to process, making lending almost instantaneous. Credit limits can increase and monthly fees decrease for repeat customers depending on their repayment behaviors. What’s more, there is no interest rate — only a single fee for tech and service costs. The high repayment level is achieved using proprietary machine learning, which analyzes users data to calculate their capability to repay along with their willingness to pay.

In Mongolia, banks charge an average of 22.8% APR on loans requiring collateral, and loan sharks can charge upwards of 10% per week. This makes loans inaccessible and difficult to repay for thousands of people across the country. For this reason, LendMN offers its users a new level of financial freedom through a monthly fee without requiring them to post collateral or enduring sky-high interest rates.

“We are offering people convenient, fast, collateral-free loans that they can afford to pay back. With the introduction of our IPO we can bring our technology to more areas of the local market where so many have been forgotten, bringing banking to those who need it most,”

There are still 2 billion citizens throughout the world who do not have access to banking or accessible loans. Having achieved strong product market fit in Mongolia, AND Global hopes to eventually replicate this model to bring a suite of financial services for Japan, the Philippines and the rest of Southeast Asia.

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Lendmn launches IPO www.montsame.mn

Ulaanbaatar /MONTSAME/ LendMN, the first pintech of Mongolian financial sector that based on artificial mind officially announced the launch of its IPO, holding bell ceremony on February 21 at the Mongolian Stock Exchange (MSE).

LendMN Company plans to raise MNT 5 billion from the market, selling 25 percent of its outstanding shares at MNT25 per share. The company expects to attract MNT 2.5 billion from strategic investors, anothet MNT 2.5 billion from the public.

LendMN Company was officially launched its operation in 2017, offering micro credit on consumption with amount of MNT 50 thousand to MNT 1 million to customers through mobile application without collateral and in short time. Currently, the company granted MNT 16.7 billion loan. Through lendmn application, customer’s number reached 30 thousand and 5-6 thousand customers are being newly registered monthly. Loan repayment is 98 percent and poor loan quality makes up 0.8 percent now. The company plans to issue MNT 196 billion loan to 59 thousand customers in 2018.

LendMN is the 18th IPO of the MSE and the first non-banking financial institution which is launching IPO on the MSE.

Primary market order of the LendMN Company will close at 1PM, on March 13.

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Ford executive leaves over inappropriate behaviour www.bbc.com

The head of Ford's US operations is leaving the company immediately following an internal investigation into inappropriate behaviour.

The carmaker said its inquiry had concluded that some of Raj Nair's conduct had been "inconsistent with the company's code of conduct".

Ford did not specify why the investigation was started nor what it uncovered.

Mr Nair said in a statement that "I sincerely regret" certain behaviour.

Ford President and Chief Executive Jim Hackett said in a statement: "We made this decision after a thorough review and careful consideration. Ford is deeply committed to providing and nurturing a safe and respectful culture and we expect our leaders to fully uphold these values."

Mr Nair had been President of Ford North America since 1 July. He was previously head of global product development and chief technical officer.

He apologised, without elaborating on the reasons for his going.

"I sincerely regret that there have been instances where I have not exhibited leadership behaviours consistent with the principles that the company and I have always espoused," Mr Nair said.

He added: "I continue to have the utmost faith in the people of Ford Motor Company and wish them continued success in the future."

A spokesman for the US's second biggest carmaker said the company would not be commenting on the nature of Mr Nair's departure.

'Rising star'
In August, Ford agreed a multi-million-dollar settlement after an investigation into sex and race harassment at two factories in Chicago.

The inquiry was conducted by the US Equal Employment Opportunity Commission, which said female and African-American employees had been subjected to sexual and racial harassment and found the carmaker retaliated against employees who complained about the harassment or discrimination.

In an open letter about the matter, Mr Hackett wrote "there is absolutely no room for harassment at Ford Motor Company.... We don't want you here, and we will move you out for engaging in any behaviour like this."

Michelle Krebs, an analyst at Autotrader, said the departure of Mr Nair, a "rising star" who had been with the carmaker for 30 years, comes at a "particularly bad time" for Ford.

She told the Reuters news agency: "Investors and analysts have been unhappy with the seeming lack of a clear direction for Ford, especially in terms of future mobility services.

"The stock price has fallen. The pressure is on Jim Hackett, anointed CEO last spring, to lay out a clear road ahead for Ford."

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Mongolian Foreign Minister flies to Tokyo www.news.mn

D. Tsogtbaatar, Minister of Foreign Affairs of Mongolia flew to Tokyo on an official visit on 21 February.

During the four days in the Japanese capital, D.Tsogtbaatar will hold official negotiations with his counterpart, Taro Kono, and exchange views on regional and global issues. The official visit is taking place to strengthen Mongolia's strategic partnership with Japan, a third neighbor nation, as well as enhancing political relations and expanding cooperation, particularly at the economic level.

In addition, Minister D. Tsogtbaatar is planning to meet with officials from the Mongolia-Japan Friendship Group in the Japanese Parliament and with Japan's ministers of energy, commerce and industry, health, and labour and welfare. His schedule also includes meetings with the Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), the Japanese Chamber of Commerce and Industr, and Japan External Trade Organisation (JETRO).

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Ulaanbaatar Railways to become part of the Russia-Mongolia-China economic corridor www.news.mn

Oleg Belozerov, head of Russian Railways informed the President of Mongolia about the plans to develop the infrastructure of Ulaanbaatar Railways in order to handle the growing transportation volumes. The major track overhaul planned in 2018 in particular will be double that of last year, while the modernisation of the transportation management system will be completed. As a result, the railway’s carrying capacity will be increased by 20%.

Transit shipments of containers through Mongolia increased 2.7 times and labour productivity was up 20%.

Oleg Belozerov discussed issues affecting the development of cooperation between Russia and Mongolia in the railway sector during visit in Ulaanbaatar earlier this month. Speaking about the infrastructure component, Oleg Belozerov said that the Central Railway Corridor between Ulan-Ude – Naushki – Sukhe-Bator – Ulan-Bator – Dzamyn-Uud – Erlan was a priority in implementing the programme to create the Russia – Mongolia – China economic corridor.

JSC Ulaanbaatar Railways plays a key role in providing Mongolia’s transportation links. Rail transport accounts for over 60% of the country’s freight traffic. The company was established on 6 June 1949 on the basis of an agreement between the governments of the USSR and the Mongolian People’s Republic. Each side had an equal holding of shares in the joint-stock company's authorised capital.

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