1 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      2 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      3 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      4 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      5 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      6 EIGHT COMPANIES ANNOUNCE TO DISBURSE DIVIDENDS SO FAR WWW.ZGM.MN PUBLISHED:2019/02/20      7 MONGOLIA'S PROSTITUTION ZONES, WHERE WOMEN TRADE SEX FOR FUEL IN SUB-ZERO TEMPERATURES WWW.TELEGRAPH.CO.UK PUBLISHED:2019/02/20      8 MONGOLIA TO SUSPEND KFC OUTLETS FOR INQUIRY AFTER FOOD POISONING REPORTS WWW.CNBC.COM PUBLISHED:2019/02/20      9 MIAT TO FLY BETWEEN ULAANBAATAR AND GUANGZHOU WWW.NEWS.MN PUBLISHED:2019/02/20      10 NEW BOOK ABOUT MONGOL EMPIRE’S IMPACT ON ISLAM WWW.NEWS.MN PUBLISHED:2019/02/20      УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20     II/19-НИЙ ДОТОР 24 ХК НОГДОЛ АШИГ ОЛГОХТОЙ ХОЛБООТОЙ ШИЙДВЭРЭЭ ГАРГАЖ , СЗХ-НД ХҮРГҮҮЛСЭН БАЙНА WWWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     ӨНГӨРСӨН САРД 23.9 МЯНГАН ЖУУЛЧИН ХҮЛЭЭН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ЭРЧИМ ХҮЧНИЙ ИМПОРТ БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ТАТВАР ТӨЛДӨГ 191 МЯНГАН ААН-Н 95.9 ХУВЬ НЬ БИЧИЛ БИЗНЕС ЭРХЭЛДЭГ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     НИЙТ НУТГИЙН 70 ОРЧИМ ХУВЬ НЬ ЦАСТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/20     ХАНБОГД-ОЮУТОЛГОЙГ ХОЛБОСОН ЗАМЫН НЭЭЛТ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2019/02/20     ЗГҮЦ-ЫН АНХДАГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА МХБ-ИЙН ҮЙЛ АЖИЛЛАГААНЫ ОРЛОГО БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19     “TEMASEK HOLDINGS” КОМПАНИ “TRQ” ДЭХ ЭЗЭМШЛИЙН ХУВИА 28 ХУВИАР БУУРУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Mongolia's central bank purchases 7.1 tons of gold www.xinhuanet.com

ULAN BATOR, July 4 (Xinhua) -- The Bank of Mongolia said Wednesday that it had purchased 7.1 tons of gold from legal entities and individuals in the first half of this year, up 6.0 percent year on year.

As of June, the central bank's average gold purchase price was 100.041.97 tugrik (40.66 U.S. dollars) per gram, which corresponds to a low rate on the London Metal Exchange, according to experts from the Mongolian central bank.

The bank's gold purchase is expected to increase with the start of the peak of the gold mining season in August, September and October.

Local gold producers in cooperation with the government have moved to enrich the treasury fund and improve foreign exchange rates over past five years.

Gold miners submitted 20.01 tons of gold to the central bank in 2017, worth of over 800 million dollars.

The central bank launched a five-month campaign "National Gold to the Fund of Treasures" beginning last month.

The country's annual gold production has remained below 21 tons since 2005 when it reached its record high at 25 tons.

Editor: Shi Yinglun

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Mongolia sets out annual wind plan www.windpowermonthly.com

The government of Mongolia hopes to commission at least two wind power projects a year, as it moves to reduce its dependence from traditional energy sources.

The government is currently in talks with some Japanese banks, regarding with the provision of the needed funding for the implementation of these projects.

As part of these plans, a new 55MW site developed by Engie is expected to be commissioned near the city of Sainshand, which is the capital of the Mongolian province of Dornogov, by the end of this year.

The Engie site will become Mongolia’s third operational project.

In October 2017 another large wind plant, the 50MW Tsetsii site was launched in the South Gobi region of the country.

Project partners included Clean Energy Asia, a Mongolia-based renewable energy company established in 2012 as a joint venture between Japansese developer SB Energy and Mongolian infrastructure investor Newcomm.

Currently, Mongolia receives less than 5% of its energy from renewable sources.

However, according to state plans, it is aiming to increase these figures up to 20% by 2020 and by 30% by 2030.

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Agricultural machinery to be bought with loan from Development Bank www.montsame.mn

Ulaanbaatar /MONTSAME/ During the Cabinet’s regular meeting, Minister of Food, Agriculture and Light Industry B.Batzorig reported on progress of spring sowing.

The Cabinet assigned the Minister to buy equipment and machinery made in Russia, China, Belarus, Poland and Germany with loan from the Development Bank, to make cultivation of fallow within its planned period and to ensure preparation for harvest early.

As of today, sowing has been made on 494 thousand hectares of area including 342 thousand hectares for wheat, over 12 thousand hectares for potatoes, 8 thousand hectares for vegetable, 70 thousand hectares for oil plants, 37 thousand hectares for fodder plants, 947 hectares for medicine plants and 386 hectares for fruit and berries.

B.Batchimeg

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Former Rio Tinto exec jailed for corruption in China let free www.mining.com

Former Rio Tinto’s head of iron ore business in China, Stern Hu, has been released Wednesday after spending nearly nine years in prison in Shanghai, following a 2010 conviction for corruption and industrial espionage.

The Australian citizen and three of his Chinese colleagues were arrested in 2009 during contentious iron-ore contract talks between top Aussie miner and the steel industry in China.

Hu’s release comes at a sensitive time for China's business and political relationship with Australia.
The following year, they were convicted of accepting bribes totalling about A$14 million and stealing trade secrets. Fired by Rio Tinto in the aftermath, Hu is expected to return to Australia this week, the Australian Broadcasting Corporation reported.

Hu was originally sentenced to 10 years in prison, but his time was reduced for good behaviour by the Shanghai No. 1 Intermediate People's Court and consequently released more than a year early.

His trail strained relations between Australia and its biggest trading partner, China. It also ended with Rio walking away from a $19.5 billion tie-up with Aluminum Corp. of China, better known as Chinalco, which fuelled speculation that Hu and his colleagues were being targeted for retaliation.

His release also comes at a sensitive time as Prime Minister Malcolm Turnbull’s government has just introduced new laws aimed at curbing perceived Chinese interfering in national affairs. Beijing has denied meddling and even accused Australia of having a “Cold War mentality”.

Rio Tinto has made efforts this year to strengthen ties with China, offering training to leaders of state-run companies and even forming a joint venture with Minmetals, one of the country’s biggest mining companies, to explore for mineral deposits first in the Asian country and then in the rest of the world .

The company is also finalizing details with China’s government and others parties over the planned sale of its stake in the Simandou iron ore project in Guinea to Chinalco, for $1.3 billion.

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USD 460 million agreements signed with entities of Inner Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Foreign Affairs of Mongolia and the People’s Government of Inner Mongolia Autonomous Region jointly held Economic and Trade Cooperation Forum- 2018 today, on July 4. At the forum, 12 agreements worth USD 460 million were signed by bilateral entities, run operations in agriculture, tourism, road and transport and mining sectors.

The forum was participated by officials led by Minister of Foreign Affairs D.Tsogtbaatar, Secretary General of Party Committee of Inner Mongolia Autonomous Region Li Jiheng, Ambassador of China to Mongolia Xing Haiming and President of Mongolian National Chamber of Commerce and Industry B.Lkhagvajav.

Foreign Affairs Minister D.Tsogtbaatar said that trade turnover between the two countries is increasing intensively. Also the sides are intending to bring this growth to USD 10 billion. Trade turnover with China upped by about 30 percent in recent years. Implementation of these agreements signed today will take time to be fully realized, but it is impossible to change agreed cooperation and trade price. Thus this kind of forum has significant importance to Mongolia’s economic growth.”

The forum aimed to introduce investors and businessmen of Inner Mongolia Autonomous Region to Mongolia and to make progress in bilateral economic ties. Mongolia and Inner Mongolia Autonomous Region have common values regarding culture, customs and lifestyle and we consider that it creates favorable business condition. Therefore businesses of Inner Mongolia Autonomous Region make up some 50 percent of business cooperation between Mongolia and China. We intend to study Mongolia’s business trends in the next three years and support for foreign investors, said Setsen, Vice-Director of the Trade Chamber of Inner Mongolia Autonomous Region.

B.Batchimeg

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Russia ramps up yuan & gold share in its reserves www.rt.com

The Central Bank of Russia has boosted the share of Chinese currency and gold bullion in its reserves, diversifying from traditional holdings of foreign exchange assets like the US dollar.

The yuan’s share jumped to 2.8 percent in the last quarter of 2017 from one percent in the third quarter of last year, according to the Bank of Russia report published Monday. The Chinese currency, along with a 17.2 percent share of gold, now make up one fifth of Russia’s reserves.

Russia is buying more yuan assets than other global central banks. With the buying spree of almost $12 billion in the second half of 2018, the Bank of Russia made the yuan share in its holdings much higher than the global 1.4 percent.

Chinese currency has become a more desired asset for Russia since the introduction of sanctions against the country in 2014 by the US, the EU and their Western allies.

Since then Russia has made a pivot to China, signing yuan-ruble swap agreements to boost share of settlements between countries in national currencies.

The majority of the Bank of Russia’s assets are still in US dollars, but the greenback's role is gradually declining. The dollar's share in Russia's reserves fell to 45.8 percent in the fourth quarter from 46.5 percent in the previous three months.

“The rise in the share of yuan assets, albeit still relatively small, reflects Russia’s intentions to diversify away from major currencies,” Piotr Matys, an emerging-markets currency strategist at Rabobank told Bloomberg.

But “it will not be easy for Russia to significantly reduce the share of the dollar in its reserves given that the greenback is still one of the most liquid currencies,” he added.

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ADB approves USD 60 million loan to rehabilitate road www.adb.org

Ulaanbaatar /MONTSAME/ The Asian Development Bank’s (ADB) Board of Directors has approved a $60 million loan to help improve and rehabilitate 311 kilometers (km) of road corridors in Mongolia, which will help facilitate economic cooperation and trade, as well as inclusive growth, in the country.

“Mongolia’s economy slowed down recently with the country’s gross domestic product growth declining from a high of 17.3% in 2011 to 5.1% in 2017,” said ADB Director for East Asia Transport and Communications Ms. Sujata Gupta. “Having safe and reliable road networks will help Mongolia foster economic activities through trade and tourism, which will underpin the economic outlook.”

Mr. Masahiro Nishimura, ADB Senior Transport Specialist for East Asia, highlighted the importance of infrastructure investments, not only on development but also on rehabilitation and maintenance, and regional integration to improve connectivity and access to domestic and external markets, given Mongolia’s urgent needs to restore macroeconomic stability in the short term and develop a more resilient and diversified economy that can deliver rapid, inclusive, and sustainable growth.

Currently, Mongolia has a road network of about 48,538 km, but only about 13.2% are paved—a situation that affects the country’s growth prospects, particularly on jobs, trade, and connectivity. The project and its attached technical assistance will improve Mongolia’s road asset management practices. Mr. Nishimura noted that investing in road improvement and maintenance is crucial because it creates jobs, provides people with better connectivity and access to markets and public services such as schools and hospitals, and improves road safety.

The Regional Road Development and Maintenance Project will rehabilitate and enhance the safety of road corridor sections, Mongolia’s crucial links with the People’s Republic of China and the Russian Federation, along Ulaanbaatar–Darkhan and Darkhan–Altanbulag. The road improvement project will promote inclusive economic growth through increased trade, as well as boost agriculture, agribusiness, and tourism.
Road safety in the project areas will also be improved, including the installation of road markings, barriers, and guide posts. Independent road safety audits will be conducted.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in co-financing.

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JICA signed Capacity Development Project for Air Pollution Control in Ulaanbaatar City www.gogo.mn

JICA signed Capacity Development Project for Air Pollution Control in Ulaanbaatar City

On 29th June, Japan International Cooperation Agency (JICA) signed Record of Discussions with Ministry of Environment and Tourism (MET), Air Pollution Reducing Department of Capital City (APRD), mutually agreed upon the framework and contents of technical cooperation for the “Capacity Development Project for Air Pollution Control in Ulaanbaatar City Phase 3”.

JICA has been supporting capacity development of Ulaanbaatar City in the field of air pollution reduction for seven years through the technical cooperation project Phase 1 and Phase 2. The purpose of the project Phase 3 is to strengthen the capacity for air pollution control in Ulaanbaatar city, paying special attention to the implementation of effective pollution control measures and to the establishment of the necessary coordinating mechanism among APRD and other relevant agencies. The tentative duration of the project will be five (5) years from autumn 2018.

The following outputs will be expected to be achieved through the project:

Capabilities of emission monitoring for the major pollution sources and of air quality monitoring are strengthened.
Capabilities to analyze and evaluate pollution structure of PM, SO2 and NOx throughout the year are strengthened.
Capabilities of technical evaluation and preparation of air pollution control measures for implementation are strengthened.
Decision making process for air pollution control is improved by utilizing the professional agencies, including APRD, National Agency for Meteorology and Environment Monitoring (NAMEM) and the relevant agencies.
Air pollution control measures are enhanced for PM, SO2 and NOX emission reduction at major sources.
Legal framework, resource allocation and coordinating mechanism as a Platform for the Air Quality Management Cycle are strengthened for the Outputs 1 to 5.

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Ulaanbaatar Declaration urges Asia to enhance disaster preparedness www.zgm.mn

2018 Asian Ministerial Conference on Disaster Risk Reduction (AMCDRR) is taking place under the theme “Preventing Disaster Risk: Protecting Sustainable Development” in Ulaanbaatar until July 6. The AMCDRR is a regional council platform aimed at building and strengthening the region's disaster prevention, preparedness and capacity to fight disaster. At the conference, the countries share their efforts and achievements in disaster risk reduction, advise, provide technical assistance to other countries, solve the challenges and issues jointly as well as lead the initiative of regional and cross-border disaster reduction, enabling ways to find effective solutions on that matter. Colonel, Deputy Chief of National Emergency Management Agency Ganzorig Tsogtbaatar remarked, “Mongolia’s comprehensive reform on disaster prevention is the reason why we are selected as the host of 2018 AMCDRR. Not many countries have secured the legal environment for disaster prevention. The fact that Mongolia shifted from disaster prevention to disaster risk management in such a short period of time has drawn other countries’ attention. We have approved a strategic paper in accordance with Sendai Framework for Disaster Risk Reduction, calling for other countries to join the document.”

• AMCDRR is a regional council platform aimed at building and strengthening the region's disaster prevention, preparedness and capacity to fight disaster.

• Mongolia’s comprehensive reform on disaster prevention was the main reason for hosting the 2018 AMCDRR.

• This year’s goal is to finalize strategic documents, such as Ulaanbaatar Declaration and Action Plan 2018-2020.

The main goal of this year’s AMCDRR is to finalize strategic documents, such as Ulaanbaatar Declaration and Action Plan 2018- 2020 of the Asia Regional Plan for implementation of the Sendai Framework for Disaster Risk Reduction 2015-2030. Mongolia will also be responsible for the monitoring and implementation of these papers. The idea behind the Ulaanbaatar Declaration is to urgently accelerate actions to develop and implement national and local strategies on disaster risk reduction, thereby achieving Sendai Framework targets by 2020. Furthermore, the officials view that it will be an important impetus to realize the need to focus on underlying, interconnected and evolving disaster risk factors such as unplanned and rapid urbanisation, development, migration, population growth, and climate change and poverty, as well as to promote decentralisation of disaster risk reduction responsibilities and secure fiscal and financial allocation of resources to support implementation of disaster risk reduction at the local level. “This is about saving lives, averting economic loss, protecting the environment, and safeguarding the social and cultural heritage of communities and countries,” highlighted Minister for Law Enforcement and Cyber Security of Australia Angus Taylor.

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Mongolia aims at 8 percent economic growth www.news.mn

Mongolia aims to push up its economic growth rate to 8 percent and keep inflation below 8 percent in 2019.

'To achieve the goals, we have to attract more investment. We are working to optimise the business environment and make tax reforms in a bid to restore foreign investor confidence,' D.Damba-Ochir, head of the Parliamentary Economic Standing Committee said.

Mongolia's GDP grew 5.1 percent year on year in 2017, compared to 1.0 percent the previous year.

The International Monetary Fund (IMF) has predicted Mongolia's GDP growth will be 5 percent this year and climb to 6.3 percent next year.

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