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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8th Asia-Pacific Forum on Renewable Energy takes place in Ulaanbaatar www.gogo.mn

From August 22 through 24, the 8th Asia-Pacific Forum on Renewable Energy is being held in Ulaanbaatar. Over 150 delegates from China, Germany, South Korea, Sri Lanka, Iraq, Japan, and Bhutan are attending the forum to discuss renewable energy development prospects, electricity savings, as well as electricity storage technology.

Minister of Energy Ts.Davaasuren stated, “We hope to discuss cooperation opportunities with delegates in implementing Asia’s 'Super Grid’ project with financing from Asian Development Bank. If the project is successful, Mongolia will be able to export renewable energy to Northeast Asia.”

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China urges Mongolia to speed up FTA talks www.ecns.cn

Chinese State Councilor and Foreign Minister Wang Yi urged Mongolia to speed up the free trade agreement talks when he was meeting Mongolian President Khaltmaa Battulga on Thursday.

Wang said the two countries should expedite the talks on the signing of a free trade agreement, so as to bring substantial benefits to both peoples.

Chinese Premier Li Keqiang made the call when he was hosting Mongolian Prime Minister Ukhnaa Khurelsukh in Beijing in April. Li said China and Mongolia should begin research into a free trade agreement and speed up the launch of a cross-border cooperation zone in a bid to make use of the two countries' complementary advantages.

The bilateral trade volume reached 6.7 billion US dollars in 2017, accounting for 63 percent of Mongolia's total trade. The two countries have set a 10-billion-US-dollar target for 2020.

Wang is currently on a three-day visit to Mongolia.

He praised the bilateral ties, saying China and Mongolia are close neighbors linked by mountains and rivers. Next year marks the 70th anniversary of the establishment of diplomatic relations, and China is willing to take the opportunity to lay out a new blueprint for the future development of bilateral ties, Wang said.

Battulga echoed Wang's calls. The president said Mongolia always regards the bilateral ties as diplomatic priority.

Mongolia hopes to strengthen collaboration in such fields as agriculture, animal husbandry, economy and trade, tourism, and infrastructure construction, so as to bring benefits to both peoples, Battulga said.

'Belt and Road Initiative is no Marshall Plan'

Regarding China's proposed Belt and Road Initiative, Wang Yi applauded Mongolia's active participation and called on efforts to deepen collaboration under the framework.

China is ready to strengthen interconnection and mutual trust with Mongolia within the framework of the Belt and Road Initiative, improve both peoples' livelihood, boost people-to-people exchanges, and continuously promote the cooperation between China, Mongolia and Russia, Wang said.

Wang stressed the Belt and Road Initiative emphasizes public goods that China wants to provide to people all over the world.

It is neither China's Marshall Plan nor a geopolitical instrument, Wang told reporters at a joint press conference with his Mongolian counterpart Damdin Tsogtbaatar.

The Belt and Road Initiative is always based on mutual benefits and trust, transparency and green growth, and the framework abides by international rules and laws in different countries, Wang stressed.

Landlocked Mongolia has also been using China’s transport network as well as its commodities exchanges in order to gain access to foreign markets.

In March, the two countries started another freight trade service linking Caofeidian port in north China's Hebei Province and Mongolia's capital city Ulan Bator. The two sides also signed a strategic cooperation agreement to promote the China-Mongolia-Russia economic corridor.

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Mongolia and China aim to increase trade volume to USD 10 billion www.news.mn

State Councilor of the People's Republic of China and Minister of Foreign Affairs Wang Yi is currently making an official visit to Mongolia. He will stay in Ulaanbaatar on 23-25 August, at the invitation of Mongolian Foreign Minister D.Tsogtbaatar.

Mongolian Foreign Minister D.Tsogtbaatar has held an official meeting with Chinese counterpart Wang Yi. During the meeting, the two sides signed a MoU celebrating the 70th anniversary of the establishment of diplomatic relations between Mongolia and China as well as a cooperation plan between the two ministries for 2019-2020. Wan Yi noted that two sides are aiming to increase trade volume to USD 10 billion by 2020.

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World Bank launches world-first blockchain bond www.reuters.com

SYDNEY (Reuters) - The World Bank has priced the world’s first public bond created and managed using only blockchain in a A$100 million ($73.16 million) deal designed to test how the technology might improve decades-old bond sales practices.

Commonwealth Bank of Australia, the sole manager of the deal, said in a statement that the two-year bonds had priced to yield 2.251 percent and would settle Aug. 28.

The prototype deal, dubbed a “Bondi” bond - standing for Blockchain Operated New Debt Instrument as well as a reference to Australia’s most famous beach - is being viewed as an initial step in moving bond sales away from manual processes towards faster and cheaper automation.

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“You’re collapsing a traditional bond issuance from a manual bookbuild process and allocation process, an extended settlement then a registrar and a custodian, into something that could happen online instantaneously,” James Wall, executive general manager at CBA told Reuters in an interview earlier this month.

The World Bank, whose bonds carry an AAA rating, regularly uses its borrowing power to help develop new bond markets as well as pioneering new means for selling and trading the securities.

It issues between $50 billion and $60 billion a year of bonds to back economic progress in developing countries.

Australia is a popular test site for market developments because of its well-established financial infrastructure and the familiarity of international investors with the Australian dollar, which is one of the most-traded currencies in the world.

Earlier this year Russia’s MTS, a telecoms operator, and Sberbank claimed a world-first blockchain bond.The deal, for 750 million rubles ($11.20 million) of 182-day paper, was however privately placed, rather than offered for wider auction, as is the norm and the case with the World Bank deal.

While there have been other prototypes or parallel simulation blockchain projects in the market before, CBA said the World Bank bond will be the first time that capital is raised from public investors through a legally valid bond issuance that uses blockchain from start to finish.

CBA set the price for the “kangaroo” deal at 23 basis points above benchmark rates. Kangaroo bonds are bonds issued in Australian dollars by foreign institutions.

The bank’s blockchain push comes as the Australian Securities Exchange plans to switch to using distributed ledger (blockchain) technology to clear and settle equities trades from 2020 to help cut costs.

Reporting by Paulina Duran and Alun John; Editing by Jennifer Hughes and Eric Meijer

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Cabinet decides to submit a bill on ratifying agreement www.montsame.mn

Ulaanbaatar /MONTSAME/ At its regular meeting on August 22, the Cabinet made a decision to submit to the Parliament a Bill on ratifying an intergovernmental agreement between Mongolia and Hong Kong, Special Administrative Region of China on mutual legal assistance in criminal matters.

Mongolia and Hong Kong Special Administrative Region of China signed the agreement on transfer of sentenced persons (TSP) in 2016 and the agreement on mutual legal assistance in criminal matters in March, 2018 respectively.

Although the Governments of Mongolia and China already established ‘Intergovernmental Agreement on mutual legal assistance in civil and criminal cases’, ‘Intergovernmental Agreement on transfer of sentenced persons’ and ‘Intergovernmental Agreement on transfer of prisoners’, these agreements are not effective in China’s Special Administrative Regions such as Hong Kong and Macau.

In connection with increasing number of Mongolians traveling to these Special Administrative Regions and Mongolians involved in crimes, it necessitates to establish the agreements between Mongolia and those Special Administrative Regions of China.

The agreement includes 23 articles, which regulate legal assistance, expense, a content of the request, corresponding organizations and grounds of refusal to fulfill a request. Establishment of the agreement will ensure legislative organizations of the two sides to actively cooperate in investigation, judicial proceedings and other prosecutiony.

Moreover, the Cabinet also decided to submit to the Parliament a Bill on ratifying an intergovernmental agreement between Mongolia and Kazakhstan on Transfer of Prisoners.

E.Altanzul

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Huawei: Australia has banned us from selling 5G tech www.chinadaily.com.cn

Chinese tech company Huawei says the Australian government has blocked it from providing 5G technology for the country's wireless networks.
Huawei, one of the world's biggest makers of smartphones and telecommunications equipment, said Thursday that the government had informed it of the decision.

"This is an extremely disappointing result for consumers," the Chinese company said on Twitter. "Huawei is a world leader in 5G."

The announcement follows reports in recent months that Australian national security agencies were concerned about alleged ties between Huawei and the Chinese government.

The Australian government said in a statement Thursday that the involvement of telecom equipment suppliers "who are likely to be subject to extrajudicial directions from a foreign government that conflict with Australian law" could mean the country's wireless carriers are unable "to adequately protect a 5G network from unauthorized access or interference."

The statement didn't mention China or Huawei by name.

Huawei has repeatedly rejected the security concerns, insisting that it is "a private company, owned by our employees with no other shareholders."

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China ditching US coal imports for domestic supply in trade tariff tit-for-tat www.rt.com

Washington trade tariffs against Beijing appear to be backfiring on the US coal industry, as Chinese importers are finding new domestic alternatives to soften the blow.
“We have completely stopped US metallurgical coal (imports), which is popular among steel mills, in late July. There is too much uncertainty in trade,” a senior manager at a major Chinese coal trading house told Reuters on condition of anonymity.

Starting Thursday, the US is enforcing a new round of tariffs on $16 billion of Chinese imports. Beijing is responding with a similar amount, including levies on US metals and coal. Coal is an especially important industry for US President Donald Trump, who wants to revive the industry in the country.

The trading house, Shanghai Runhei, will boost purchase of domestic coal to meet demand from clients, the manager said.

“Traders have anticipated yuan depreciation and shored up imports in advance, including cargoes from the United States,” Wang Fei, coal analyst at Huaan Futures told Reuters.

Imports of US coal are hardly crucial for the Chinese industry, the analyst notes.

“Traders can easily shift their supplies to either domestic coal or Australian and Indonesian coal since US imports only account for a tiny share.”

US coal exports have been booming during Trump’s presidency. The US Energy Information Administration data says exports increased by 61 percent in 2017 as exports to Asia more than doubled. India, the largest importer of steam coal from the US, tripled its imports last year, mainly used for growing electricity capacity in the country.

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Russia in gold buying spree ahead of tougher US sanctions www.rt.com

Russia’s Central Bank has picked up pace when it comes to gold buying, adding 26 tonnes to its reserves in July, more than in any other month this year, ahead of the news sanctions imposed by the US.

According to data from the International Monetary Fund, quoted by Bloomberg, Moscow bought 26.1 tonnes of gold last month, increasing its reserves to 2,170 tonnes. At today’s prices, they are worth roughly $83.6 billion, though a Russian government website pegs the value at about $77 billion.

Earlier this year, Moscow cut its holdings of US bills, notes and bonds by about four-fifths, but bought more gold, leading to speculation that the nation was dumping American assets to shield itself from the looming tougher sanctions.

Russia gold buying spree ahead of tougher US sanctions
The news comes a day after the Trump administration imposed new sanctions against Russia, — this time for helping North Korea evade international sanctions, as Moscow separately was accused of cyberattacks in the United States said to be aimed at undermining the midterm election in November.

The Kremlin continues to deny that it has engaged in any offensive cyber acts at all.

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Ulaanbaatar to increase number of buses www.news.mn

The Ulaanbaatar City Transport Department has decided to increase the number of buses to meet the rise in passenger demand and in anticipation of the beginning of the new academic year.

The number of buses will be increased by 10 percent from 25 August bringing the total to 959 buses and trolleybuses on the city's 88 routes. Currently, ten buses on three routes are operating night shift.

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8 percent pay raise fails to stop teachers' strike www.zgm.mn

Cabinet decided to raise public servants’ salary by 8-30 percent durings its regular session yesterday; however, teachers and health workers remain unsatisfied with the amount and pledge to strike in September. Since last year, teachers and medical workers staged several protest for their pay and received the Government’s pledge for 50 percent raise, warning to go onto the next stage of strike in September if their demand remains unfulfilled until then. Minister of Labour and Social Protection Chinzorig Sodnom told the press, “The decision excludes ballot positions and prosecutors, and will take effect starting from September 1. First of all, salaries of teachers and medical workers, as well as their equivalent positions and those who get paid lower than them, will be increased by eight percent. We have completed a study, in cooperation with the Ministry of Health, Education, Culture, Science and Sports, to improve the pay levels of civil servants. The study shows that elementary school and kindergarten teachers require the most skills and have the highest pressure.

Therefore, we are raising their pay level by one and nurses’ pay level by one to two. In other words, elementary and kindergarten teachers’ wage will increase by 12.3 percent and nurses’ pay will rise 20-30 percent in September.” The Minister also noted that cultural sector workers get paid 12.5 percent lower than public servants; thus, their pay will increase by 14-30 percent. The Cabinet also discussed the Parliament’s 29th resolution, which prevents any pay raise until 2019, and decided to submit a redraft, along with the 2019 budget amendments. Unpleased with the decision, the head of temporary committee for teachers’ salary raise addressed, “We studied the price changes of consumer goods. The eight percent increase is nowhere near enough. We are fighting to increase teachers’ salaries for a whole year. We will not accept the Government’s attempt to brush-off our demand. The authorities said they presented their proposal to the Trade Union of Education. The union informed us that they did not accept the eight percent increase and left the meeting. Our temporary committee will stand firm on our 50 percent pay raise demand. It is safe to presume teachers will intensify their strike.”

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