1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     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    

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

64x64

EU project supports non-mining product export through trade discount system www.montsame.mn

Ulaanbaatar /MONTSAME/ Advisory day for private enterprises which are supplying products to the European Union countries or plan to make export was held today at the Mongolian National Chamber of Commerce and Industry (MNCCI).

The event was organized for the first time under the EU Trade Related Assistance to Mongolia (TRAM) project with the support of EU. Over 200 representatives of public and private sector, universities and institutes attended the event. Moreover, domestic producers have displayed their products to the EU countries during the event.

President of the MNCCI M.Oyunchimeg and Ambassador of the European Union to Mongolia Traian Hristea delivered opening speeches. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold and EU TRAM project leader Ms. Carmen Fratita also attended the event.
In 2017, Mongolia exported products to 19 out of 28 EU countries using General Scheme of Preferences (GSP) trade discount system with USD 687 thousand tax credit. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold emphasized the potential for further export increase.

The EU TRAM project being implemented between 2017 and 2021 with funding of EUR 5 million is aimed at promoting economic growth and reducing poverty by increasing foreign trade and product types.

Ambassador of the European Union to Mongolia Traian Hristea said that the TRAM project will focus on promotion of exports of Mongolia and usage of the GSP system. He also said “In addition to increasing the export of non-mining products,we’ll focus on the participation of employed women and creation of new jobs. This project is beneficial for small and medium-sized businesses, especially those producing value-added products. In this way, we hope that the quality and quantity of export products will increase.”

...


64x64

Mongolia aims to earn $1 billion from tourism by 2020 www.akipress.com

AKIPRESS.COM - Mongolia has set a goal of hosting one million foreign tourists and earning one billion U.S. dollars in 2020, said the country's environment and tourism minister on Wednesday.

"We have to increase the number of tourists by 30 percent per year in the coming years to reach this goal," Namsrai Tserenbat said, Xinhua reported.

"We are working to develop tourism products, better services and tourism safety plans," the minister said.

Mongolia received over 470,000 overseas tourists in 2017, up from 16 percent year on year, and earned over 400 million dollars, up 20 percent from the previous year.

The landlocked Asian country has been making more efforts to develop the tourism sector in a bid to diversify its mining-dependent economy.

The country has declared 2018 as a tourism year.

Recently, Mongolia launched a hotline service for foreign visitors, providing information on popular destinations, ongoing events across the country and emergency help.

...


64x64

Erdene Becomes First Cross-Listed Company on the Mongolian Stock Exchange, Closes an Oversubscribed Financing www.erdene.com

Halifax, Nova Scotia – June 14, 2018 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce that it has launched a secondary listing of its common shares on the Mongolian Stock Exchange (“MSE”) and closed the associated offering of 4,000,000 common shares to Mongolian residents (“Mongolia Offering”). The Company’s common shares issued under the Mongolia Offering will commence trading under the symbol “ERDN” on the MSE on or about June 19, 2018, as the first cross-listed and currently only precious metals exploration and development company listed on the MSE. “The Government of Mongolia has long expressed interest in having international investors list their mining and exploration projects on the MSE as a means to develop its capital market while providing shared benefits to local investors,” said Peter Akerley, President and CEO of Erdene. “Our listing is the result of two years of active collaboration with the Government of Mongolia to develop the necessary framework to accommodate cross listing of companies that are listed on international exchanges. Today we have added a significant number of new Mongolian shareholders to Erdene by way of our offering in Mongolia and MSE listing. The high level of investor and public interest in this offering has only strengthened our belief in the important role the local capital markets have in financing mineral exploration and development opportunities.” “We would like to welcome Erdene on the Mongolian Stock Exchange as the first cross-listed company in Mongolia,” said Altai Khangai, the CEO of the MSE. “This opens tremendous opportunity for the Company to connect with its stakeholders in the country.” Mr. Sumiyabazar Dolgorsuren, Mongolia’s Minister of Mining and Heavy Industry, added: “Erdene Resource Development is the first to cross list its shares in Mongolia, and we are grateful that mining companies are looking to be transparent and open to the Mongolian public.”

...


64x64

Mongolian explorer raises £13.7m through share placing www.energyvoice.com

Mongolian oil explorer Petro Matad has raised £13.7 million through the placing of 136m shares.

The new shares represent 26.05% of the company’s existing capital.

Mike Buck, chief executive of London-listed Petro Matad, said: “We are now well capitalised to execute a six well exploration drilling programme during an active and exciting 12 month period.

“This is the most significant exploration campaign in Mongolia for a number of years and I look forward to reporting on its progress once it kicks off in July 2018 with the spudding of the Snow Leopard-1 well.”

The update sent Petro Matad’s shares down 13.62% in early trading.

...


64x64

Toyota to invest $1 billion in Southeast Asian ride-hailing firm Grab www.reuters.com

SINGAPORE (Reuters) - Toyota Motor Corp (7203.T) has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc [UBER.UL].

The investment by Toyota is the largest-ever by an automaker in the global ride-hailing sector, the six-year old start-up said in a statement on Wednesday.

It is also the latest collaboration between a global vehicle maker and a technology firm as ride-hailing companies dominate the fast-growing field of mobility services, raising the risk of a future where car ownership declines in favor of such services.

Japan’s SoftBank Group Corp (9984.T) last month announced it would invest $2.25 billion in the Cruise autonomous vehicle unit of General Motors Co (GM.N), while Fiat Chrysler Automobiles NV (FCHA.MI) and Jaguar Land Rover Automotive PLC [TAMOJL.UL] have agreed to supply vehicles for Alphabet Inc’s (GOOGL.O) self-driving car subsidiary Waymo.

...


64x64

Asia-Pacific region parliamentarians to convene in Ulaanbaatar www.mongolia.gogo.mn

Chairman of the Social Policy, Education, Culture and Science Standing Committee in Parliament Yo. Baatarbileg, United Nations Population Fund (UNFPA) Country Representative for Mongolia Naomi Kitahara, and political party representatives announced that parliamentarians from Asia-Pacific countries and international population experts will convene in Ulaanbaatar for the Strengthening Parliamentarians for the Achievement of Sustainable Development Goals: Aging, Fertility and Youth Empowerment conference on June 12.

More than 30 delegates from 13 countries, including Japan, the People’s Republic of China, Malaysia, Thailand, and India, will be participating in the conference.

...


64x64

Mongolia’s volume of trade reaches USD 5.1 billion www.news.mn

During the first five months of 2018, Mongolia conducted trade with 131 countries and its foreign trade turnover reached USD 5.1 billion, reported the National Statistics Office.

In detail, Mongolia’s export reached USD 2.9 billion and imports USD 2.2 billion. Exports of mineral products, textiles, precious and semi-precious gemstones and metal ornaments made up 94.7 percent of total exports.

Regarding imports: minerals products, machinery, equipment, electrical appliances, vehicles and their components as well as food products accounted for 68.5 percent.

...


64x64

Mongolia’s industrial output figures shows increase of MNT 1.1 trillion www.montsame.mn

Ulaanbaatar /MONTSAME/ In the first 5 months of 2018, the gross industrial output reached MNT 6.0 trillion, showing an increase of MNT 1.1 trillion (23.3%) from the same period of the previous year. The main factor of this increase was due to an increase of mining and quarrying gross output by MNT 827.1 billion (23.7%), of which mining of coal by MNT 511.2 billion (48.0%) and mining of metal ores by MNT 252.0 (12.6%) billion.

The seasonally adjusted industrial production index in May 2018 was 170.6 (2010=100), increased by 4.1% from the same period of the previous year, by 11.5% from the end of the previous year and by 3.9% from the previous month.

Compared to the same period of last year, the most increase in the main production of the mining and quarrying sector in the first 5 months of 2018 goes to gold, copper concentrate, zincum concentrate, iron ore and crushed stone by 2.5% to 39.0%. In the manufacturing sector, major growth was observed in beer, fodder, combed down, vacuum windows and doors, sawn wood, alcoholic beverage, knitted goods, sausage products, buuz and dumpling by 6.5-27.8%, respectively.

The most decrease of production in the mining and quarrying sector observed for fluor spar, coal, crude oil and molybdenum concentrate by 1.8-9.4% and copper, horse meat production and wooden building door and windows of the manufacturing sector by 3.4-95.5%, respectively. In the first 5 months of 2018, the sold production of industry reached MNT 6.9 trillion and MNT 4.9 trillion (72.0%) of sold production that were exported.

...


64x64

IFC holds joint corporate governance forum to enhance investor protection, develop capital markets in Mongolia www.developmentaid.org

IFC, a member of the World Bank Group, held the 10th annual Corporate Governance Forum in Ulaanbaatar. The event focused on enhancing investor protection, which is timely, as almost half of the state-owned enterprises in Mongolia are to be privatized over the next two years. The forum was co-hosted by the Financial Regulatory Commission (FRC) of Mongolia and the Corporate Governance Development Center (CGDC).

More than 100 regulators, policymakers, business leaders, and corporate governance professionals attended the forum. Experts highlighted the importance of proper disclosure and transparency in companies’ reporting to better protect investors. They also discussed the latest local and international regulatory developments related to corporate governance.

“Attracting both foreign and local investment is important for the Mongolian economy, but we need to make sure that our corporate governance standards meet international best practices and provide adequate protection for investors,” said FRC Chairman Davaasuren Sodnomdarjaa. “Good corporate governance is essential to building sustainable companies and further developing Mongolia’s capital markets.”

Investor protection is gaining prominence, especially because public participation in the Mongolian stock market is likely to increase after the government’s recent approval of a plan to privatize almost half of the state-owned enterprises between now and 2020.

Since its inception 26 years ago, the Mongolian Stock Exchange has made tremendous progress, recording its highest turnover last year. Market capitalization rose about 67 percent compared to five years ago, with several successful initial and secondary public offerings attracting interest from both foreign and Mongolian investors.

The Mongolian translation of the G20/OECD Principles of Corporate Governance, a globally recognized benchmark for assessing and improving governance practices, was also launched at the forum. Studies show that stronger governance enhances company performance and reduces risks, thus making such companies more attractive to investors.

“To build a vibrant capital market, Mongolia needs to strengthen the supervision of listed companies and enforcement of market regulations. Introducing international principles and standards will cultivate a stronger corporate governance culture among Mongolian companies,” said Tuyen D. Nguyen, IFC Resident Representative in Mongolia. “We believe the forum will help regulators and other market participants to stay on top of the latest developments and adopt effective measures to cope with emerging governance issues.”

Since 2009, IFC has been supporting Mongolia’s efforts to enhance corporate governance practices, including the development of a corporate governance scorecard in 2013 and regulations governing related-party disclosures to protect minority investors. These efforts are part of the broader IFC Corporate Governance Program in East Asia and the Pacific, which is implemented in partnership with the State Secretariat for Economic Affairs of Switzerland.

...


64x64

Mongolia, Nepal ink MoU on political consultations www.xinhuanet.com.cn

ULAN BATOR, June 12 (Xinhua) -- Mongolia and Nepal signed a Memorandum of Understanding to set up a bilateral mechanism to deepen ties, said Mongolia's foreign ministry.

The memorandum was signed as Mongolian Foreign Minister Damdin Tsogtbaatar met with a visiting delegation led by his Nepalese counterpart, Pradeep Kumar Gyawali.

The ministers of the two landlocked countries expressed their confidence that relations and cooperation will continue to grow.

The two foreign ministers also stressed the importance of expanding their bilateral ties at the regional and international levels.

The Nepalese delegation arrived here Saturday to attend a conference of landlocked developing countries.

...