1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Mongolia - Telecoms, Mobile and Broadband - Statistics and Analyses www.hawaiinewsnow.com

The growing popularity of mobile broadband has underpinned overall broadband and telecoms growth. This trend is consolidating Mongolia's position as a mobile first telecoms market and shaping the future direction of Mongolia's developing digital economy. 

The penetration of fixed lines in Mongolia has increased strongly over the past five years as a higher proportion of residences decide to take a fixed line access option. Penetration is however predicted to only increase slightly over the next five years to 2022. There is a continued migration from fixed-line services to mobile operators that have a much higher availability in the rural areas and access to applications and services in the urban areas. 

Fixed broadband penetration in Uzbekistan remains low mainly due to a limited number of fixed lines and the dominance of the mobile platform. However the market has grown very strongly over the past five years from a very small base. Over the next five years to 2022 moderate growth is expected to continue. A major driver of broadband growth among the general population will be affordable access to relevant content. 

Mongolia's mobile market has experienced relatively slow growth over the past five years in a relatively mature market. High mobile penetration levels in Mongolia are also indicative of healthy competition. Slow to moderate growth is predicted over the next five years to 2022. The market will be constrained from higher growth due to strong local competition and a further maturing market. 
Mobile broadband has become an increasingly attractive proposition due to the increasingly faster speeds offered coupled with improving tariffs due to strong competition among the four mobile network operators. Mobile broadband subscriptions grew rapidly commencing in 2012, with this growth attributed to the increasing popularity of 3G mobile broadband products. 

The launch of 4G LTE services by all the major operators in 2017 will see the uptake of mobile broadband customers continue to grow strongly over the next five years to 2022. 
In April 2017 the Mongol Sat-1 platform was launched in partnership with Asia Broadcast Satellite (ABS). It is Mongolia's first satellite to support domestic telecoms, broadband and television services including TV, internet, radio, e-services and government links. The satellite will help to reach users in isolated rural areas of the country.

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Mongolians closely watching sumo scandal www3.nhk.or.jp

People in Mongolia are closely following the news about 2 sumo wrestlers from the country who are at the center of a scandal in Japan.

Yokozuna Grand Champion Harumafuji has admitted to assaulting lower-ranked Takanoiwa in a lounge bar.

A Mongolian newspaper, the Daily News, reported that when an advisory body to the Japan Sumo Association met on Monday, many members called for Harumafuji to be severely punished. The paper said both wrestlers would face tough measures.

The News MN website reported that the advisory body may urge Harumafuji to retire or suspend him from tournaments for a long time.

A man in Mongolia's capital, Ulaanbaatar, said Harumafuji beat Takanoiwa because the lower-ranked wrestler did not respect his senior.

Another man said he wants the yokozuna to continue his sumo career in Japan, and he hopes that a positive solution can be found to settle the case.

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November 28, 2017 trading report www.mse.mn

On November 28, 2017, 907,739 shares of 30 firms listed as Tier I, II, and III were traded. 12 firms’ shares increased in price, 16 decreased and 2 remained unchanged. Erdenet Auto Zam JSC /EAZ/ was the top performer, increasing 15.00 percent, whereas Ulaansan JSC /UNS/ was the worst performer, decreasing 12.09 percent.

On the secondary market for government bonds, 130 bonds with a value of MNT12.6 million were traded.

The MSE ALL Index decreased by 0.47 percent to stand at 1,267.19 points. The MSE market cap stands at MNT 2,416,918,138,048.

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FRC halts trading for some listed companies www.mongolia.gogo.mn

In accordance with the official notification given on November 21, 2017 by the State Inspector of Financial Regulatory Commission, Mongolian Stock Exchange will halt “APU” JSC, “Jinst-Uvs” JSC, “Nogoon Khugjil Undesnii Negdel” JSC and “Davaanbulag” JSC’s trading starting from November 22, 2017 due to the application of listing amendment.

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Doing business 2018: Mongolia ranked 62nd www.mongolia.gogo.mn

World Bank group introduced The Doing Business report every year.

This project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
The Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, Doing Business encourages economies to compete towards more efficient regulation; offers measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy.

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SoftBank offers to buy Uber shares at 30 percent discount www.reuters.com

SAN FRANCISCO (Reuters) - Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

The investment, which was approved by the Uber board in October, would also trigger a string of governance changes at Uber that would limit some early shareholders’ voting power, expand the board from 11 to 17 directors and cut the influence of former Chief Executive Travis Kalanick.

The investment and board moves are supported by new Chief Executive Dara Khosrowshahi and come at the end of a year of scandals and change for Uber, including the announcement last week that executives covered up a major hack in 2016.

The consortium of investors led by SoftBank and Dragoneer Investment Group plan to take a stake of at least 14 percent in the ride-services company. The tender offer will launch on Tuesday, sources told Reuters, and investors have nearly a month to respond.

The SoftBank-led investor group will acquire two of the new board seats, with the remaining four going to independent directors.

Nearly all secondary transactions, when a new investor purchases from existing shareholders, come at a discount to the company’s valuation.

However, the 30 percent discount is steep given Uber’s plan to launch an initial public offering in 2019, said Phil Haslett, co-founder and head of investments at secondary marketplace EquityZen. Usually valuation cuts of this size happen when a company is at risk of being sold at a heavy discount, which Uber is not.

“It really comes down to a re-pricing of Uber’s value,” Haslett said.

Since it was valued at $68.5 billion more than a year ago, the company has been hit by scandals, including accusations of sexual harassment. It has also weathered federal criminal probes into software Uber used to deceive regulators and allegations of paying bribes to authorities in Asia, and a lawsuit by Alphabet Inc’s self-driving unit Waymo, accusing Uber of stealing trade secrets.

Most recently, Uber revealed that the data of 57 million Uber customers and 600,000 drivers had been stolen in a breach more than a year ago, and that the company had paid two hackers $100,000 to cover it up. Since then, governments across the globe have launched investigations into the incident. The scandal raised questions about whether SoftBank would try to renegotiate the deal for better terms.

But Uber said on Friday it had informed SoftBank about the data breach prior to informing the public. However, “our information at the time was preliminary and incomplete,” a spokesman said.

A person familiar with the matter said SoftBank would have already factored any negative impact from the breach into its negotiations with Uber.

Bloomberg reported the offer price earlier on Monday.

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Profit of big Mongolian banks increases www.news.mn

The Economic Policy and Competitiveness Research Centre (EPCRC) has been analyzing the performance of Mongolia's banks. The research covered all but one of the country's banks. According to the report ‘Overview of Bank Competitiveness-III’, thirteen commercial banks accounted for a total of MNT 242 billion profit. Furthermore, the profit of Mongolian banks increased by MNT 105 billion on the previous year.

The profit of the country's three big banks has increased by 64 percent, the three medium sized banks by 67 percent; however, other small sized banks’ earnings have decreased by 26 percent. The savings of the thirteen commercial banks was MNT 15.2 trillion.

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The foreign exchange reserves of Mongolia has exceeded USD 2.0 billion www.mongolia.gogo.mn

Over the last year, Mongolia’s foreign exchange reserves have been steadily increasing. The following factors played the key role in the increase of the foreign exchange reserves:

Due to the increase in the price of the main exporting commodities such as copper and coal, the export volume has increased to USD 4,313.1 million in September 2017 which is an increase of 32 percent from the same period of last year (YoY). As a result, the total foreign trade balance has improved, trade surplus reached to USD 201.9 million.
Since the approval of the “Extended Fund Facility” arrangement by the IMF, foreign investor’s confidence in Mongolia has dramatically increased and pressure on the economy alleviated. The first disbursement of the approved USD 5.5 billion IMF-led package has been credited.
The Government of Mongolia has successfully issued USD 800 million Eurobond with the maturity of 5.5 years and the coupon rate of 5.625 percent. With the proceeds the foreign exchange reserves of Mongolia has exceeded USD 2.0 billion in November 2, 2017.
The gold purchase of the Bank of Mongolia has reached to 16.8 tons by October 24th and which is an increase of 8 percent from the same period of last year (YoY).
The bilateral swap arrangement between the Bank of Mongolia and the People’s Bank of China has been extended for the further period of 3 years.

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Financial regulatory commission approves dual listing regulation www.mse.mn

The revised Securities Markets Law (2013) served as a gateway to new opportunities for the Mongolian capital markets. One such opportunity was the possibility of dual listing, which would enable foreign public companies to be listed on the Mongolia Stock Exchange (MSE) and domestic companies to be listed on foreign exchanges.

Although the legal framework for dual-listing was established in 2013, companies operating in Mongolia but listed on foreign stock exchanges were not able to list their shares on the MSE due to the absence of a dual-listing regulation.

Therefore, the MSE and the Financial Regulatory Commission (FRC) formed a working group to develop the “Provisional Regulation on Registering the Shares of Foreign-Listed Companies and the Shares of Domestic Listed Companies Dual-listing Overseas”, which was approved by the FRC Meeting on November 24, 2017.

Companies looking for a secondary listing are usually incorporated overseas and have their primary listing on their home exchange. Due to the fact that they follow their home laws and regulations, the secondary exchange normally provides initial and ongoing exemptions as per common international practice. Therefore, the highlight of this regulation is the enabling of the foreign-listed issuers that are being dual-listed in Mongolia to follow the laws and rules of their home exchange and for their reporting purposes, professional opinion such as those by international audit and legal firms are to be equally accepted as if they are provided by domestic professional companies. 

Accordingly, the most important requirement for foreign-listed companies looking to be dual-listed on the MSE is to have their primary listing on one of the 26 stock exchanges approved by the FRC. Given the company satisfies this requirement, the remaining procedures are designed to be simple and straightforward.

The approval of this regulation is a significant development milestone for Mongolian capital markets in that it will enable approximately 30 foreign-listed mining companies operating in Mongolia to be listed on the MSE, giving the Mongolian public the opportunity to share the rewards and risks of their businesses.

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November 27, 2017 trading report www.mse.mn

On November 27, 2017, 697,351 shares of 35 firms listed as Tier I, II, and III were traded. 12 firms’ shares increased in price, 18 decreased and 5 remained unchanged. Bulgan Guril Tejeel JSC /GTJ/ and Euroasia Capital Holding JSC /SUN/was the top performer, increasing 15.00 percent, whereas Ulaansan JSC /MNS/ was the worst performer, decreasing 14.60 percent.

The MSE ALL Index increased by 0.44 percent to stand at 1,273.16 points. The MSE market cap stands at MNT 2,435,121,867,239.

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