1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

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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The stock exchange regulations revised www.montsame.mn

Ulaanbaatar /MONTSAME/ The Financial Regulatory Commission has approved the revised version of the ‘Regulation on Security registration’, ‘Regulation on Security index calculation’ and the ‘Trading Regulation’ of the ‘Mongolian Stock Exchange’, State-owned joint stock company.

The revised Regulation on Security registration has improved the regulation of double registration of securities and made registration process accord with the international common practice. It is notable that major reforms have been made n the Regulation on Security index calculation including detailed regulation of the index calculator and classification index calculation.

The Securities trading regulation has amendments such as defining closing price at the weighted average trading over the last one-hour to make the closing price more realistic.

The revised and amended regulations will be effective from February 19.
B.Misheel

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China's steel industry improves as capacity reduction pays off www.chinadaily.com.cn

BEIJING - China's steel industry posted higher prices and better profits last year as a result of progress made in reducing excessive capacity, according to the Ministry of Industry and Information Technology (MIIT).

The steel price index came in at 121.8 at the end of December, up 22.4 percent from the beginning of 2017, the MIIT said.

It attributed the increase to cutting overcapacity, a ban on low-quality steel, production restrictions during winter, and recovering market demand.

China slashed its crude steel production capacity by more than 50 million tons in 2017, exceeding its annual target, as part of efforts to improve the competitiveness of the bloated sector.

The country also phased out the production of 140 million tons of low-quality steel made from scrap metal last year.

The industry's profitability improved, with major steel producers' profits surging 613.6 percent, the MIIT cited data from the China Iron and Steel Association as saying.

Despite the improvement, the MIIT warned of more difficulties in further capacity reduction as the increased profits may lure some producers to launch new projects.

China plans to eliminate 100 million to 150 million tons of crude steel capacity in the five years from 2016.

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Bitcoin will not recover until panic recedes - analysts www.rt.com

The fear that has gripped the cryptocurrency market is keeping bitcoin and other digital coins from making new gains, according to analysts polled by RT.

“Growth will not happen until the current panic recedes, and this may take weeks and months,” Mikhail Mashchenko, an analyst at social network for investors eToro, told RT.

"Those who want to invest in the cryptocurrencies may try to start opening positions on it. At least, it is much more reasonable than waiting for the return of the exchange rate to its maximum highs.”

The last week’s sell-off was partially triggered by a panic on the US stock markets, since venture capital like bitcoin and other cryptocurrencies is the first thing investors jettison when turbulence occurs in traditional markets, he added.

Nikolay Kotov, analyst at Analitika Online, told RT that current prices represent a good opportunity to buy bitcoin, since this year’s sell-off is not the first tough period for digital assets.

“The history of stock markets repeats itself. It is unprofessional to draw conclusions because of the bearish candle in BTC/USD pair. Personally, I buy bitcoin and ethereum and take long-term positions with targets 33 percent higher than previous local highs,” Kotov said.

Bitcoin and other cryptocurrencies were recovering strongly on Monday. The leading cryptocurrency surged almost 10 percent to $8,700, ethereum jumped 8.5 percent to $870, and ripple surged 13 percent to $1.10. All of the top 100 cryptocurrencies on Coinmarketcap were trading in positive territory.

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Tavan Tolgoi JSC gained MNT 141 billion profit in 2017 www.montsame.mn

Ulaanbaatar /MONTSAME/ Tavan Tolgoi JSC, listed on Mongolian Stock Exchange released 2017 financial report.

According to the report, the company earned sales revenue of MNT 428 billion in 2017, 2.4 times high compared to 2016.

MNT 48 billion was paid to income tax and the company had MNT 141 billion net profit.

In 2016 the company distributed 85 percent or MNT 45.9 billion of its net profit in the form of dividents which means MNT 872 in per share.

In addition the company's market cap reached MNT 563 billion and set the record in the Mongolian Stock Exchange with MNT 1.4 million per stock and dividend of MNT 130 thousand per share in 2011.


B.Batchimeg

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Forum ‘Road and Belt Initiative and a possibility in Mongolia’ to run www.montsame.mn

Ulaanbaatar/MONTSAME/ The Economic Cooperation Society of Mongolia and Chinese National Association of Industry and Commerce will jointly organize a forum ‘Belt and Road Initiative and a possibility in Mongolia’ on March 18-21 in Beijing.

More than 90 state-owned and private companies of China confirmed their participation in the forum. In detail, Chinese companies expressed their interest to invest in agriculture, animal husbandry, farming, infrastructure construction, energy, power plant, nature conservation and rehabilitation, a comprehensive service of environment, renewable energy, tourism, metallurgy, information technology, mining, coal, international freight forwarding, production of chemical and construction materials, construction of industrial park, production of equipment as well as other sectors of Mongolia.

Until March 2, a registration is available for businesspersons who want to take part in the forum and look for investment-a partner of cooperation in abovementioned sectors.

M.Unurzul

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LendMN to offer an IPO www.gogo.mn

The Financial Regulatory Commission reported last week that it registered 800 million shares of the non-banking financial institution LendMN for 100 MNT per share.

LendMN gave a presentation about securities on February 9, at the Mongolian Stock Exchange. LendMN will offer 25 percent of the company’s shares through an IPO.

The company expects to raise five billion MNT from individual buyers and other investors through the MSE trade, and will spend the money on expanding its operations.

Applications for buying the securities will open on February 21, and close on March 7. LendMN introduced its financial technology in 2016, and they provide loans without collateral through a mobile application.

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Foreign trade volume increased by 14.7 in January www.gogo.mn

As of January 2018, foreign trade volume increased by 14.7 percent compared to January 2017, and reached 785 million USD.

The balance of foreign trade saw a positive outcome, with exports exceeding imports by 62.7 million USD.

Mineral products made up 83 percent of the 423.8 million USD in exports, with 6.4 percent including precious stones and metals. China received 88.5 percent of Mongolia's export products, while Russia received 1.2 percent.

Import volume increased by 30 percent over 2017, reaching 360 million USD. With the Lunar New Year approaching, imports of food and plastic items tend to increase.

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In Iceland, more energy will be used for bitcoin mining than powering homes www.mining.com

Mining bitcoins requires a great deal of computing power which in turn needs a lot of electricity to solve the mathematical puzzles that reward miners with cryptocurrency.

China and South Korea have already banned bitcoin mining due to problems with a lack of control over fraud and money laundering, and in China's case, concern over the amount of power that the activity sucks from the electricity grid.

Now one of the most popular destinations for bitcoin mining could be facing the same problem as large cryptocurrency miners pile in to take advantage of the island's abundant geothermal and hydroelectric power plants.

According to Iceland's National Energy Authority, bitcoin mining is expected to double Iceland's energy consumption to around 100 megawatts this year, which is more than households on the island nation of 340,000 use, Metro News reported on Sunday.

In 2014 Oilprice.com found Iceland to be "the world's top energy glutton," using more kilograms of oil equivalent per capita than any other nation on earth. With most of Iceland’s energy coming from hydroelectric and geothermal power, Icelanders are some of the planet’s least energy-conscious. Click here for a fascinating video of why the Nordic nation uses so much energy.

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Oyu Tolgoi donates air purifiers to The National Center for Maternal and Children’s Health and 116th School www.gogo.mn

Oyu Tolgoi initiated to donate 23 high quality air purifiers to National center for maternal and children health and 116th school for blind and visually impaired children, which are located in one of the most polluted areas of Ulaanbaatar.

This contribution is an example of Oyu Tolgoi’s effort to enhance human security and environment.

Air pollution affects the learning ability and development of respiratory systems of children aged 0-7, with signs of immune deficiency and respiratory infections. With ever increasing flu caused from in-door air pollution these days, 116th school’s dormitory as well as maternity’s critical areas such as surgery rooms and section for prematurely born babies are in particular need of air purifiers. Therefore, Oyu Tolgoi is very proud to support the maternity and school to create healthy environment for their development.

IQ Air purifier filters particles 100 times smaller than ordinary air cleaners and micron particles including bacteria and viruses. Over 100 types of gasous contaminants can be destroyed by this technology and there are no risky side effects because it is ozone-free - making it the most suitable for hospitals and schools.

We would like to express our gratitude to AERIS LLC, official distributor of IQ Air in Mongolia for supplying their products with discount for our donation!

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Mongolian journalists reject CMJ’s latest decisions www.theubpost.mn

The 17th Congress of the Confederation of Mongolian Journalists (CMJ) took place last Thursday and appointed a new head but several members protested that the meeting wasn’t organized according to their Code of Conduct and that their opinon was disregarded.

During a press conference announced on February 9, President of the Association of Daily Newspapers E.Dolgion stated, “Yesterday (February 8)’s meeting was not a proper congress of CMJ. Why wasn’t it held openly? Every journalist has the right to attend it. Moreover, a new Code of Conduct was approved before we even got the chance to read it through.”

E.Dolgion stated that a proposal to renew any organization’s internal Code of Conduct should be presented five days prior to its discussion session.

“We left before the voting for a new head started. We’re opposing this meeting because its main purpose was to pass a new Code of Conduct, which we haven’t read through, and put journalists under a certain political party’s influence rather than decide the new leader of the Confederation of Mongolian Journalists,” he said.

“Profit was marked as one of the values of the confederation,” criticized former CMJ board member Ts.Oyundari. “After we left, 181 people continued the meeting. We believe that all decisions made at the meeting are invalid as the attendance didn’t meet the requirement.”

Media representatives at the press conference expressed strong disapproval of the latest CMJ decision, which specified to omit Article 1.6 in CMJ’s Code of Conduct. This article states that CMJ’s president, first-deputy president and deputy president must be a nonpolitical party member.

According to the new Code of Conduct, board members will be appointed through a conference, only the president will be non-party, a new member organization will pay a one-time fee of one million MNT, and the members of the board will be fined with a fixed amount for failing to pay their taxes.

Kh.Mandakhbayar, a former member of the Mongolia People’s Party and editor of Zindaa magazine, was elected as the successor of B.Galaarid with 87.5 percent support through a closed poll.

The newly-elected President Kh.Mandakhbayar pledged to broaden the reach of the confederation and strive towards executing his action plan.

His action plan consist of targets to develop professional and independent journalism, enhance and promote correct journalistic ethics, carry out 1,000 – apartment program for journalists, include journalists in risk insurance, strengthen legal environment related to journalism, restructure CMJ, and broaden its foreign relations.

D.Enkhtuya, founder of TV-2 channel, and T.Oyun-Erdene, member of the National Board of the Mongolian National Broadcaster, competed against Kh.Mandakhbayar for CMJ president position. Director of the Mongolian National Public Radio and Television and senior journalist L.Ninjjamts and State Honored Cultural Worker U.Khurelbaatar were also nominated but they decided to withdraw before the polling started.

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