1 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      2 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      3 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      4 MONGOLIAN FOREIGN MINISTER RECEIVES CARDANO BLOCKCHAIN FOUNDER WWW.NEWS.MN PUBLISHED:2018/09/19      5 ERDENE ANNOUNCES RESOURCE ESTIMATE FOR THE HIGH-GRADE KHUNDII GOLD PROJECT WWW.GLOBENEWSWIRE.COM PUBLISHED:2018/09/19      6 RUSSIAN GIANT COPPER PROJECT IN TALKS TO RAISE $1.25B WWW.REUTERS.COM PUBLISHED:2018/09/19      7 MONGOLIA GRADUALLY WITNESSING PROGRESS IN TOURISM WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2018/09/19      8 CHINA, MONGOLIA, RUSSIA PUSH FOR ‘ECONOMIC CORRIDOR’ WWW.RUSSIABUSINESSTODAY.COM PUBLISHED:2018/09/19      9 EXPERTS FROM CHINA, MONGOLIA, RUSSIA TALK ON CONSTRUCTION OF ECONOMIC CORRIDOR WWW.XINHUANET.COM PUBLISHED:2018/09/19      10 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      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     ӨНӨӨДӨР ТӨВ ТАЛБАЙД 4000 АЖЛЫН БАЙРАНД БҮРТГЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/19     ЗАЛУУЧУУДЫН ГАРААНЫ БИЗНЕСИЙН ШАЛГАРСАН ТӨСӨЛД 10,0 САЯ ТӨГРӨГИЙН ДЭМЖЛЭГ ҮЗҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/19     WORLD ECONOMICS: МОНГОЛЫН АЖИЛ ЭРХЛЭЛТИЙН ТҮВШИН СҮҮЛИЙН 5 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ERD: "ХӨНДИЙ" АЛТНЫ ТӨСЛИЙН ТОГТООГДСОН НӨӨЦ 751 МЯНГАН УНЦ АЛТ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ХЯТАДЫН $200 ТЭРБУМЫН ИМПОРТОД ТАРИФ ТОГТООВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/19     ШИВЭЭХҮРЭН БООМТООР ХОНОГТ 60-80 МЯНГАН ТОНН НҮҮРС ЭКСПОРТОЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/19     БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18    

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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Non-residents to pay 20 percent income tax www.mongolia.gogo.mn

The Parliament adopted nine independent and 20 revised laws in 2017. The revised personal income tax law still faces criticism and opposition from the society, especially the high-income population.

The revised personal income tax, which was approved on April 14th, 2017 has become effective from January 1st, 2018.
According to the amendments, the graduated personal income tax will be as follows:
10 percent (the same) for individuals with monthly income of 1.5 million tugriks or lower
15 percent for individuals with monthly income of 1.5-2.5 million tugriks
20 percent for individuals with monthly income of 2.5-3.5 million tugriks
25 percent for individuals with monthly income of 3.5 million tugriks and higher
However, individuals with incomes higher than 1.5 million tugriks will be subject to different tax regimes. For example, a mining worker with a monthly salary of 2.5 million tugriks will pay 10 percent Personal income tax on the 1.5 million of his salary, and 15 percent on the rest of his salary up to 2.5 million. In other words, a mining worker with a salary of 2.5 million tugriks will not pay 20 percent of his whole salary.
There are non-resident taxpayers in Mongolia. Foreigners, who live in Mongolia temporarily, used to pay 10 percent Personal income tax. Starting from January 1st, non-residents will pay 20 percent tax.
According to National Statistics Office, the average monthly wage in Mongolia stands at 398 USD (966,000 tugriks) as of August 2017. On the other hand, individuals to pay 25 percent personal income tax account to 1.6 percent of total employed people in Mongolia.
As a result of the revised tax law, the budget revenue is projected to increase by 27 million USD annually.

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How Mongolia went wild for opera www.theguardian.com

Last summer, a video from Cardiff went viral in Ulaanbaatar, the capital of Mongolia. It showed opera coach Mary King moist-eyed during the finals of BBC Cardiff Singer of the World. Who had moved her to tears? Mongolian baritone Ariunbaatar Ganbaatar. Towering, broad-shouldered, with a huge smile and a mighty voice, the 29-year-old sang Rossini, Verdi and Tchaikovsky – and charmed everyone, including the judges, who declared him joint winner of the coveted Song prize. “There was something so imposing about the sound,” King said. “Contained and glorious. It’s very unusual to find this combination of presence, power and effortlessness.”

Ariunbaatar doesn’t have a typical background for a contestant in one of the world’s most prestigious opera contests. He grew up in the traditional Mongolian way, living in yurts with his nomadic family, herding cattle on horseback across the steppe. As a child, he rode some 60 miles a day, and he was always singing. He won a place at university in Ulaanbaatar but dropped out after two years when he couldn’t pay the fees, became a taxi driver and one night got chatting to a customer who happened to be the chief of police. Long story short: he joined Ulaanbaatar’s police ensemble, worked his way back to university, then onwards to the grand opera houses of Russia and Europe.

That backstory tugged at my curiosity – so much so that three months later I was on a flight to Ulaanbaatar with a radio producer and suitcase of audio equipment. I had the same basic preconceptions many westerners share about Mongolia: Genghis Khan, Gobi desert, furry camels, wild horses, fabulous throat singers. My guidebook described a proud post-communist nation, once the greatest empire the world has ever known, now a population of three million landlocked between two global superpowers, Russia and China. “It is rude to turn down an offer of fermented mare’s milk,” I read, “for it is considered a gesture of friendship.”

But the books couldn’t tell me was why opera is such a big thing in Mongolia right now. Ariunbaatar’s win was no fluke: in 2015, he took first prize in the male-vocalist category of Russia’s Tchaikovsky competition. And there are others. Amartuvshin Enkhbat, Mongolia’s first-ever entrant to Cardiff, reached the finals in 2015. And last year’s contest also included an impressive contribution from tenor Batjargal Bayarsaikhan.

Mongolia won independence from China in 1921 and became the first satellite state of the Soviet Union. Its traditional singers were sent to Russia, East Germany and Poland to study opera. I expected to encounter awkwardness around that history — the fact this music was a Soviet import — but not so. Opera caught on in Ulaanbaatar. The Mongolian State Academic Theatre of Opera and Ballet is a handsome peach-coloured neoclassical building on the main square of the capital. It opened in 1963 with a heavyweight of Russian opera: Eugene Onegin.

Today, the theatre employs 285 people and hosts more than 100 performances a year. To date, Mongolia’s own “national opera” - a love story called Three Dramatic Characters by B Damdinsuren– has been staged 2,022 times. Opera might have been planted by the Soviets, but it took root. Why? One answer is geopolitics. “For a small nation,” explains Tuya Shagdar, a young anthropologist I meet in Ulaanbaatar, “in order to catch the attention of the world, we need to promote ourselves through culture.”

Shagdar stresses that Mongolia does not want to appear to be simply a cultural annex to Russia or China, and hints that beating the Russians at their own game is particularly enjoyable. Another answer is that Mongolians are incredible singers, the tradition dating back centuries. Like opera, throat singing requires decades of specialist training to create multiple pitches at the same time. Hearing an expert up-close is an almost supernatural experience. We recorded Batzorig Vaanchig, one of the very finest, and the subtlety and colour of his overtones was astounding. He made his voice sound like the wind, then the snow, then an eagle’s wing slicing through the air.

To get to the throat-singing source, I travelled 1,000 miles west from Ulaanbaatar across the Gobi desert to Hovd province. It’s an awesome landscape. I spent several nights in a yurt on the shores of a vast lake watching cranes migrating south from Siberia, the glacier-tipped high Altai mountains on the horizon. No roads meant gruesome car sickness. Every time we stopped at a yurt to ask directions, I was fed boiled mare’s milk and lamb fat to calm my stomach.

When we arrived at Chandmani, a tiny village, there was a party: vodka, more mare’s milk, and throat singers of all sizes and shapes. A grand master sang ancient verse with his granddaughter on his knee. A choir sang pop covers with a synthesiser backing track. It was surreal and glorious. What better mark of a tradition in rude health than a gaggle of six-year-olds belting out Born to be Wild in amassed overtones?

Almost everyone I spoke to connected the country’s singing culture with the landscape. Traditional ballads known as “long songs” translate into verse the contours of the land, its long straight sightlines with jagged mountains like decorative ornaments on the distant horizon. I’m nervous about any claim that where you are born determines what sounds you are able or entitled to make — feeling that this could tip into to ethnic exclusivity, or plain exotification. Yet I can’t deny the incredibly open and natural sound that Ariunbaatar and other Mongolian singers seem to make.

One musicologist I spoke to, Khatuchuluun Buyandelger, was unequivocal about the reason behind his country’s embrace of opera. It’s down to physical stature, he says, and that’s down to landscape, food, clean air, even historical narrative. Remember Genghis Khan? Mongolians certainly do. “We have the force not only to conquer the world,” Khatuchuluun says, “but also to sing for the world.”

International wins have made Ariunbaatar a celebrity at home. Politicians hope his career will secure Mongolia’s position on the opera map – portraying it as a modern, cosmopolitan nation. He says he has no desire to leave Mongolia. His family are still nomads on the steppe, still herd cattle on horseback, still pack up their yurts to follow new pastures. “Being with them on the land is what gives me inspiration to sing,” he says. “Wherever I am, that is what I imagine when I sing.”

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Inner Mongolia Xilingol Jan-Oct raw coal output up 29.9pct on yr in 2017 www.sxcoal.com

Xinlingol League in coal-rich Inner Mongolia produced 56.07 million tonnes of raw coal over January-October in 2017, rising 29.9% from a year earlier, showed data from Xinlingol Bureau of Statistics.

Raw coal sales of Xinlingol totaled 74.08 million tonnes in the first ten months of 2017, rising 25.9% on the year. Of this, 11.39 million tonnes of raw coal were sold to other provinces, up 7.8% year on year.

Coal output of three main coal production areas reached 68.19 million tonnes during the same period, accounting for 91.1% of the total.

The three production areas are West Ujimqin banner, Xilinhot city and Wulagai city.

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China, Mongolia trade continues to boom in 2017 www.xinhuanet.com

HOHHOT, Jan. 2 (Xinhua) -- Trade between China and Mongolia continued to boom in 2017, and exports and imports in two major border ports in north China's Inner Mongolia Autonomous Region registered new highs, local authorities said Tuesday.

Erenhot, the biggest railway port between China and Mongolia, saw its railway trade volume with Mongolia up 16 percent year-on-year to 11.2 million tonnes in 2017.

A record 570 train trips were made last year on China-Europe rail routes that passed through Erenhot.

Increased demand from China for iron ore drove booming exports from countries along the Belt and Road, through the cross-border rail network, Hohhot Customs said.

Another port city, Ganqimaodu in Bayan Nur City, also witnessed fast cross-border trade growth last year.

Trade via Ganqimaodu soared by 26.2 percent year-on-year to 17 million tonnes in 2017, mainly driven by increased imports of coal and copper concentrate from Mongolia.

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Russia Tightens Oil Grip With China's Second Pipeline www.bloomberg.com

A second Sino-Russian oil pipeline began operations on New Year’s Day, doubling China’s capacity to import crude from the East Siberia-Pacific Ocean system.

China can now import 30 million tons annually (about 600,000 barrels a day) of Russian ESPO crude via pipeline, up from 15 million tons before the second branch opened, the official Xinhua News Agency reported Monday. The two lines run parallel to each other between Mohe at the border and Daqing in northeast Heilongjiang Province, the state media organization said.

Russia pipped Saudi Arabia most of last year as the top crude supplier to China, the world’s biggest buyer. The ESPO system, a key piece of Russia’s efforts to export more energy to Asia, pumps crude directly to China via the two links and to the far eastern Pacific port of Kozmino for seaborne shipments.

The project is intended to deepen energy cooperation between the countries and serve the China-proposed Belt and Road Initiative, according to Xinhua. Russia also aims to start natural gas sales via the Power of Siberia pipeline by December 2019.

The first link started pumping Russian crude directly to China in 2011 and China National Petroleum Corp. started laying the second line in mid-2016. The country’s biggest oil and gas producer finished installing the 942 kilometer (585 mile) line Aug.

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Seeking comprehensive solutions to reduce smog www.montsame.mn

Ulaanbaatar /MONTSAME/ Head of Cabinet Secretariat G.Zandanshatar worked in ger districts in Songinokhairkhan and Khan-Uul districts on the first day of 2018.

He is working to review solutions and develop plans for short- (until 2019), mid- (until 2021) and long-term (until 2025) to decrease air pollution in Ulaanbaatar for the discussion by the Government this Wednesday. He attended the meeting of the working group in charge of formulating and implementing national program to reduce air and environment pollution, and noted the importance of thermal insulation methods tailored to needs of each household.

Mr.Zandanshatar said that combination of Government actions and proposals sent by individuals, organizations and NGOs will be more effective to reach to targeted groups.

Individuals are seeking their own solutions to counter the problem. One family in Khan Uul district’s 6th khoroo decreased heat loss by properly insulating their house and cut their monthly maintenance costs three times by using electric heaters. Two households of Songinokhairkhan district’s 5th khoroo are using stove “Nuudelchin” (Nomad) invented by Ts.Munkhbaatar and coal consumption is proved to be reduced twofold.

Mr. Zandanshatar also instructed officials to promptly organize a detailed research on moving ger district residents to apartments. Within this framework, the work group was assigned to study possibiilites of putting 40 thousand apartments, currently available on the market, into economic circulation.

In addition, he ordered formulation of a short-term solution to minimize raw coal consumption and to prohibit transport of raw coal to the capital, as informed by the Government Media and Public Relations Department.

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Audi to sell 'level 3' automated car www3.nhk.or.jp

German automaker Audi this year plans to sell the world's first automated car that does not require driver control of the steering wheel on expressways.

Audi says it will roll out the model in Germany, the only country which currently allows such technology. It is ranked level 3 on the scale of vehicle automation, with level 5 being the highest.

In Japan, Nissan Motor plans to launch a model this year that can automatically change lanes on expressways.

The technology is classified as level 2, but it is still more advanced than other automation functions in the same category, such as automated braking.

The Japanese government wants level 3 or higher automated vehicles on roads by 2020, when Tokyo will host the Summer Olympic and Paralympic Games.

There is growing debate on issues surrounding self-driving technology, such as responsibility in accidents involving automated vehicles.

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Oil posts strongest year opening since 2014; Iran unrest pushes up crude www.reuters.com

SINGAPORE (Reuters) - Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.61 a barrel at 0423 GMT, up 19 cents, or 0.3 percent, after hitting $60.73 earlier in the day, ther highest since June 2015.

Brent crude futures LCOc1, the international benchmark, were at $67.12 a barrel, up 25 cents, or 0.4 percent, after hitting a May 2015 high of $67.27 a barrel earlier in the day.

It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel.

“Growing unrest in Iran set the table for a bullish start to 2018,” the U.S.-based Schork Report said in a note to clients on Tuesday.

Anti-government protesters demonstrated in Iran on Sunday in defiance of a warning by authorities of a crackdown, extending for a fourth day one of the most audacious challenges to the clerical leadership since pro-reform unrest in 2009.

Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish.

“Falling inventories globally and strong economic growth offset the restart of the Forties pipeline and the resumption of production following a pipeline outage in Libya,” said Jeffrey Halley, senior market analyst at futures brokerage Oanda in Singapore.

The 450,000 barrels per day (bpd) capacity Forties pipeline system in the North Sea returned to full operations on Dec. 30 after an unplanned shutdown.

Oil markets have been supported by a year of production cuts led by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) and Russia. The cuts started in January 2017 and are scheduled to cover all of 2018.

U.S. commercial crude oil inventories have fallen by almost 20 percent from their historic highs last March, to 431.9 million barrels.

Strong demand growth, especially from China, has also been supporting crude.

“We would not be surprised to see a further (oil price) rise,” said Sukrit Vijayakar, director of energy consultancy Trifecta.

Only rising U.S. production, which is on the verge of breaking through 10 million bpd, is somewhat hampering the outlook into 2018.

“The higher prices are expected to stoke U.S. shale output,” O‘Loughlin said.

U.S. oil production C-OUT-T-EIA has risen by almost 16 percent since mid-2016, to 9.75 million bpd at the end of last year.

However, consultancy Rystad Energy said “U.S. crude oil production capacity has reached 10 million barrels per day.”

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General Election Commission proposes minimum age requirement for parliamentary election candidates www.theubpost.mn

The General Election Commission (GEC) held a press conference about its performance on Monday. Head of GEC’s Information, Search and Methodology Department B.Oyumaa pointed out that the commision organized two rounds of presidential elections this year with support of over 20,000 civil servants.

“Organizing the first ever run-off election was different from other presidential elections in Mongolian political history and the live broadcast of the ballot counting process was an advantage compared to previous presidential elections,” said B.Oyumaa.

During the press conference, journalists asked her and representatives from GEC in attendance about proposed changes to the Law on Elections.

How will the law be changed?

Parliament set up a task force to study the law’s amendment, and GEC has made proposals to the task force. All elections are being carried out under the unified Law on Elections, but GEC proposed to Parliament to separate this law into three different laws (laws on parliamentary, presidential and citizen’s representative councils elections) and Parliament supported this initiative. GEC is focusing on improving the law by putting forward proposals to the task force to eliminate challenges that regularly occurred during previous elections. Other state organizations which are involved with election operations have the right to make proposals to the task force.

What exactly did GEC propose to address the challenges?

As it’s costly to hold a second round of voting due to low voter turnout, GEC put forward a proposal to not require a certain percentage of voter turnout for an election to be considered valid to the task force. GEC also put forward a proposal requiring parliamentary election candidates to be at least 30 years of age.

Why does GEC want to put an age requirement?

This is not a new proposal. Few years ago, GEC put forward a proposal about increasing the age requirement for parliamentarians, but this proposal was not supported by Parliament. This is not only a proposal by GEC, the public asks GEC and Parliament to revisit the minimum requirement age for parliamentary candidates.

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IAAC reports on its December performance www.theubpost.mn

The Independent Authority Against Corruption (IAAC) reported on its performance throughout December on Monday.

Head of IAAC’s Corruption Prevention and Public Awareness Department T.Bayarkhuu noted that most complaints reported this year were about state bureaucracy, abuse of power and conflict of interest, and IAAC reviewed 58 complaints regarding abuse of state officials’ power this month and is currently investigating 66 complaints.
“IAAC uncovered a case where a director of Bayan-Ulgii Province’s public school made a new contract to provide the school with lunch program with his or her associate company, and Amgalan Thermal Power Plant contracted a coal supplier from October 2016 to October 2017 without an open tendering process.”

Some 766 newly-appointed civil servants declared their assets to IAAC this month, and the authority reviewed 627 asset declarations.

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