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

64x64

Livestock sector accounts for 15 percent of Mongolia’s GDP www.news.mn

Over the past 25 years, Mongolia’s GDP has tripled, poverty has fallen and education has improved, allowing us to become a middle-income country. This is due, in part, to the livestock sector – one of our oldest economic sectors – which contributes around 15 percent of gross domestic product, and still holds untapped potential.

But climate change, urban migration and barriers to export have created new challenges. Mongolia needs a long-term strategy to properly capitalise on opportunities for growth.

Hosting this year’s meeting of the Global Agenda for Sustainable Livestock (GASL), in Ulaanbaatar from 11-15June, is an important moment for Mongolia and its move towards sustainable herding.

Livestock numbers have surpassed 65 million but pasture quality – and productivity – has suffered. To rejuvenate animal farming for the millions of nomadic families trying to uphold their way of life requires commitment to greater sustainability.

To ensure continued prosperity and growth, the Mongolian Agenda for Sustainable Livestock, supported by the GASL, has been established. This has the aim of introducing sustainable development principles for livestock and herders.

Meanwhile, the Mongolian Livestock programme sets out specific environmental standards widely accepted by scientists. This includes laws to protect our rangelands as well as biodiversity, wildlife and landscape features. A healthy environment means healthy animals and healthy incomes. The initiative is also working to improve access to markets, both domestic and international.

Under the “Industrialisation 21:100” programme to establish 100 processing plants in 21 provinces for products including meat, milk and cashmere, herders will be able to better access markets. Finally, competing on an international level also means meeting international standards, and this means ensuring the safety of the produce.

Mongolia plans to set up a general veterinary authority and produce livestock vaccines to help improve health and safety in the livestock and livestock products sector.

Meanwhile, the UN’s Food and Agriculture Organisation is helping to establish disease-free zones for beef and lamb. A government delegation has visited Botswana and Namibia to learn from their experiences of opening up meat exports to the European Union.

...


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.

...