1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     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    

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 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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Cash-rich global miners eye India as coal sector opens up for private firms www.mining.com

India’s decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign giants such as BHP, Rio Tinto, Anglo American and Glencore, currently swimming in cash.

According to online trading firm Angel Broking, the new guidelines — aimed at boosting investment, output and the introduction of better technology — could be the first step towards the full privatization of India’s mining, it said in a note Tuesday.

Anil Agarwal, the chairman of India’s largest miner and No. 1 iron ore exporter Vedanta (LON:VED), admitted his company is very keen to participate in the coal sector. However, he told BloombergQuint, his company will likely have to compete for assets with top miners, including BHP, Rio Tinto, Anglo American and Glencore, which have long been waiting to gain a toehold in the world's third-largest producer of the fossil fuel.

In an interview with CNBC TV18, Coal Secretary Susheel Kumar said the government has already got "feelers" from international mining companies to invest in the local coal sector. It noted Delhi had also identified big coal blocks with 40 million tonnes to 50 million tonnes reserve for bidding.

While the move ends the monopoly of state-owned Coal India Ltd (CIL), which currently accounts for over 80% of domestic output, the miner said it expected to remain the dominant force in the market.

Coal India has a mandate to supply at least 75%of its output to the power sector and the rest can be offered to others like cement and steel. However, the private miners are most likely to be exempted from the clause.

"The reform states that private miners can sell or utilize coal in any manner they like,” CIL officials told Business Standard. “Thus, compared to us, the power sector is not a mandated priority for them.”

The state miner also believes private interests will prioritize short-term supply agreements, allowing CIL to retain long-term supply contracts and giving it greater flexibility to react as per global trends and earn higher margins.

India is believed to have 300 billion tonnes of coal in reserves, with West Bengal, Odisha, Jharkhand, Chhattisgarh, and Madhya Pradesh being the major coal bearing states.

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Mongolian currency strengthens against USD, Yuan www.xinhuanet.com.cn

ULAN BATOR, Feb. 20 (Xinhua) -- The exchange rate of Mongolian national currency the Tugrik against U.S dollars has strengthened since Feb. 14, the Bank of Mongolia, Mongolia's central bank, said Tuesday.

One dollar buys 2397.63 Mongolian Tugrik on Tuesday, down from 2423.37 Mongolian Tugrik a month ago.

Meanwhile, the Mongolian Tugrik has also gained ground against the Chinese Yuan. One yuan buys 377.69 Mongolian Tugrik on Tuesday, down from 382.62 Mongolian Tugrik a month ago.

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