1 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      2 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      3 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      4 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      5 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      6 EIGHT COMPANIES ANNOUNCE TO DISBURSE DIVIDENDS SO FAR WWW.ZGM.MN PUBLISHED:2019/02/20      7 MONGOLIA'S PROSTITUTION ZONES, WHERE WOMEN TRADE SEX FOR FUEL IN SUB-ZERO TEMPERATURES WWW.TELEGRAPH.CO.UK PUBLISHED:2019/02/20      8 MONGOLIA TO SUSPEND KFC OUTLETS FOR INQUIRY AFTER FOOD POISONING REPORTS WWW.CNBC.COM PUBLISHED:2019/02/20      9 MIAT TO FLY BETWEEN ULAANBAATAR AND GUANGZHOU WWW.NEWS.MN PUBLISHED:2019/02/20      10 NEW BOOK ABOUT MONGOL EMPIRE’S IMPACT ON ISLAM WWW.NEWS.MN PUBLISHED:2019/02/20      УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20     II/19-НИЙ ДОТОР 24 ХК НОГДОЛ АШИГ ОЛГОХТОЙ ХОЛБООТОЙ ШИЙДВЭРЭЭ ГАРГАЖ , СЗХ-НД ХҮРГҮҮЛСЭН БАЙНА WWWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     ӨНГӨРСӨН САРД 23.9 МЯНГАН ЖУУЛЧИН ХҮЛЭЭН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ЭРЧИМ ХҮЧНИЙ ИМПОРТ БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ТАТВАР ТӨЛДӨГ 191 МЯНГАН ААН-Н 95.9 ХУВЬ НЬ БИЧИЛ БИЗНЕС ЭРХЭЛДЭГ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     НИЙТ НУТГИЙН 70 ОРЧИМ ХУВЬ НЬ ЦАСТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/20     ХАНБОГД-ОЮУТОЛГОЙГ ХОЛБОСОН ЗАМЫН НЭЭЛТ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2019/02/20     ЗГҮЦ-ЫН АНХДАГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА МХБ-ИЙН ҮЙЛ АЖИЛЛАГААНЫ ОРЛОГО БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19     “TEMASEK HOLDINGS” КОМПАНИ “TRQ” ДЭХ ЭЗЭМШЛИЙН ХУВИА 28 ХУВИАР БУУРУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Insurance sector in GDP www.gogo.mn

The total assets of the domestic insurance market equals 0.9 percent of the GDP, an increase of 0.03 point compared to 2017.

According to the international standard, insurance constitutes approximately seven percent of GDP in most countries. By the end of 2017, the amount of personal insurance reached 44.6 thousand MNT, an increase of 21.4 percent over the previous year.

A Reos Partners consultant reported that there is a lack of basic knowledge about insurance among citizens in Mongolia. GIZ from Germany is implementing a one-year project to improve insurance access.

Insurance companies earned a total of 144.3 billion MNT in insurance premiums in 2017.

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Offshore assets of some Government officials disclosed www.ubinfo.mn

According to the information released by the Independent Authority Against Corruption of Mongolia (IAAC), a total of 20 Government officials notified to the IAAC of their declaration and transfer of assets in offshore countries and territories. Under the relevant law, the Government officials were ordered to close and drawback deposits from offshore zone banks, terminate the operations of legal entities, and sell, transfer, or revoke licenses of moveable and immoveable properties before April 6, 2018. During the designated period, two MPs, namely Batbold Sukhbaatar and Tsogtbaatar Damdin, Director of Financial Reporting and Accounting Departments of Bank of Mongolia, reported that they have transferred their company shares owned by their relatives in the offshore zone, including British Offshore assets of some Government officials disclosed Virgin Islands and Isle of Man, a self-governing British Crown dependency in the Irish Sea between England and Ireland, to others in 2015 and 2017.

Also, an official from the General Police Department reported that he closed his official use accounts in Hong Kong for IAAC registration. In addition, another 16 officials, who run official duties in foreign countries in the offshore zone and opened bank accounts for study and medical purposes, have deposits, and/or own movable and immovable properties, reported their declaration of assets in a written statement to the IAAC. The disclosed list also includes two MPs, Enkh-Amgalan Luvsantseren whose daughter studies in Singapore, and owns an apartment and credit account there, Delgersaikhan Borkhuu who has two bank accounts in Switzerland. The others include Director General of the Customs General Administration of Mongolia, an officer at IAAC whose relatives own bank accounts in Hong Kong and Ireland, as well as officials from embassies, consulates and representative offices in the offshore zone.

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Yuan becoming safe haven for investors amid Russia-US standoff www.rt.com

Chinese assets have recently seen a significant inflow of investments after relations between Russia and the US took a turn for the worse, making investors search for a safe place for their cash.
The Chinese yuan is becoming a safe haven for global investors, Larry Brainard, TS Lombard chief emerging markets economist, told Bloomberg earlier this week. The analyst said that Chinese assets received a boost amid the sharp deterioration in Russia-US relations.

The yuan becomes a protecting asset when geopolitical risks intensify, as the Chinese government commonly remains neutral towards such conflicts, the head of analytics department at Grand Capita, Sergey Kozlovsky, told RT.

“The dynamics of the Chinese market this week has really confirmed the idea of safe haven,” the analyst said. “After a decrease in tensions, investors began to partially fix positions on Chinese securities, returning, for example, to Russian assets, which are more promising after the recent collapse of the ruble and the Russian stock market.”

The Chinese currency is currently one of the most attractive assets among foreign-exchange holdings, according to the head of AMarkets Analysys Department, Artem Deev, who also expects the yuan to become a safe haven.

“After all, the People’s Bank of China has managed to obtain for yuan a status of a reserve asset. Skeptics said that it is not enough to launch the currency into the orbit, it’s vital to support it,” he told RT. “And just several weeks ago, China made another breakthrough, launching national yuan-denominated crude futures and gold futures contracts denominated in yuan.”

The step will reportedly encourage investors to gradually replace dollar reserves with yuan reserves, inevitably bolstering the Chinese currency. According to Deev, this factor is one of the major drivers for the yuan gaining safe haven status.

In 2016, The International Monetary Fund included the Chinese yuan in the Special Drawing Right (SDR) alongside the US dollar, the Japanese yen, the euro, and the British pound. SDR is supplementary foreign-exchange reserve assets that is defined and maintained by the Washington-based organization. The inclusion of the yuan was considered an important step in the integration of the Chinese economy into the global financial system. The yuan is currently number three in the IMF basket, after the dollar and the euro.

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Treated wastewater to be reused www.montsame.mn

Ulaanbaatar /MONTSAME/ A draft of ‘Program on ensuring safety of water supply for Ulaanbaatar citizens and improving sanitation facilities’ was approved by Ulaanbaatar city Governor's Council on April 19 and will be submitted to the People's Representative Meeting of the Capital city.

General Manager of Ulaanbaatar city T.Gantumur introduced the draft to the Governor’s Council during its meeting.

The draft was worked out by relevant professional organizations with aims to ensure safety of water supply and reduce pollution caused by sewage which has harmful effects on citizens’ health and environment. 144 works are planned to be realized between 2018 and 2021 in the frames of revised program with nine objectives.

The revised program is significant that it is included bigger policy and constructional activities such as integrated solutions for sewage facilities, reusing recycled water released from leather processing plants and waste water treatment plant for power plants and irrigation of urban green spaces.
E.Altanzul

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Mongolia, Russia agree to promote cooperation in radio frequency www.xinhuanet.com

ULAN BATOR, April 19 (Xinhua) -- Mongolia and Russia signed an agreement here Thursday to promote cooperation in radio frequency and improve communication technology services in Mongolia.

Under the framework of the document, the two sides will work together to improve the quality of communication and information technology services, including digital video and the 4G network for cellphones in Mongolia's border areas.

The two countries also agreed to create a legal environment to mutually operate and monitor radio frequency without interferences from both sides.

The agreement was inked by the communication ministers of the two countries.

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Uzbekistan to supply cars and fruits to Mongolia www.akipress.com

AKIPRESS.COM - The JSC Uzavtosanoat leadership signed an agreement with Mongolia on export of its cars and fruits, the Embassy of Uzbekistan in Mongolia said.

The document was signed during the meeting of the Mongolian delegation with the leadership of Uzavtosanoat in Tashkent.

During the talks, representatives of the Nomin Holding Mongolian company and Uzbekistan's Uzavtosanoat concluded a deal worth $10 million for export of dry fruits, fruits and vegetables to Mongolia.

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Infrastructure center to create better living conditions www.montsame.mn

Ulaanbaatar/MONTSAME/ S.Batbold, Governor of the Capital City and Mayor of Ulaanbaatar, worked in Chingeltei district on April 19. He saw a process of an implementation of the project to reduce air pollution and develop ger area, in particular he familiarized with the planning and location where a service center with unified infrastructure will be constructed.

A construction of the service center or ‘Infrastructure center’ is the optimal solution to make engineering infrastructure accessible to households of ger area in Ulaanbaatar city.The infrastructure center will cover 201 households in the 7th khoroo of Chingeltei district. Presently, a planning of the center was completed and it plans to commence a constructional work within this month. It intends to complete construction of the infrastructure center by November of this year.

Moreover, he met with local citizens and introduced the project. Mayor S.Batbold said, “I think that a launching of constructing the service center in ger area is a remarkable work, like revolutionary thing. 200-400 households should voluntarily united to have private houses connected to centralized infrastructure system. We intend to implement this project in 11 locations. Firstly, the service center will be established in four locations. It will ensure citizens to live in a house that costs MNT60 million on average. To do it, households are required to have a same standard house. Most importantly, it needs initiatives and efforts of local citizens.”

This year, the municipal government approved 50 locations where the infrastructure center will be established. It works to implement the project in 100 locations in total until 2020. Thanks to the project implementation, around 20-30 thousand households will be entirely connected to engineering lines. By doing so, soil pollutant sources for 61.3 hectares area will be wiped out. It will also help to safeguard groundwater sources of Ulaanbaatar city, reduce risks of pollution and rehabilitate 439.2 thousand cubic meter soil.

In addition, the project will tackle social and infrastructure service problems of the community that was involved in the project, and will create green areas and landscapes which will improve the living conditions of citizens. About 6800 new jobs will be created based on the infrastructure center.

M.Unurzul

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German car producers could fall victim to US sanctions against Russian aluminum www.rt.com

Sanctions against top Russian aluminum producers are likely to hit European car production, according to Germany’s WVMetalle, a lobbying group for 655 metals companies.
The group says unless actions are taken, many car plants in Germany and Europe will be closed, and others will face supply disruption, Bloomberg reports.

“Re-jigging all of those trade flows is really, really tough. You’ve cut off the US and Europe from its traditional supplier,” Michael Widmer, head of metals markets research at Bank of America Merrill Lynch in London, told Bloomberg.

The crucial plant for Europe is Russia’s RUSAL facility in the Aughinish aluminum refinery in Ireland. The aluminum from the plant is sold to smelters across Europe. “Aughinish is indispensable for the alumina supply of the European market,” WVMetalle said.

Aluminum prices have surged almost 30 percent in the last two weeks to $2,537 – the highest level in seven years. Earlier in an interview with RT, Russia’s aluminum association predicted the same consequences as the German lobbying group did.

“The high price of aluminum, which is the result of the largest player's withdrawal from the market, will slow economic growth and affect the competitiveness of export-oriented European industries like the automotive industry and other transport engineering. Germany could suffer the most,” the association said.

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New automobile sales on the rise www.gogo.mn

The Mongolian Automobile Distributors’ Association /MADA/ reported that its dealers saw an increase in sales of 40 percent in the first quarter of 2018, selling 610 automobiles, with more than 70 percent of those sold being SUVs.

This represents a 45 percent increase in SUV sales as compared to the same period in 2017. The country’s economic recovery is considered to be one of the main factors in the increased demand.

According to MADA, the number of new automobiles imported grew by 35 percent over last year, totaling 732 automobiles. On the other hand, the number of used automobiles imported decreased by 12 percent.

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Trump could be forced to hold summit with Kim Jong-un in Mongolia because dictator's aging plane can't make it safely to any other neutral venue www.dailymail.co.uk

Mongolia could end up as the winner of the competition to host President Trump and Kim Jong-un's historic sit down.

It is one of the only countries that's been floated that is within easy traveling distance for Kim and would serve as neutral territory for both leaders.

Kim is likely be confined to a 2,000 mile radius, The New York Times reported. His Soviet-era plane may not be able to fly further than that without stopping to refuel, the publication reported.

The North Korean dictator's aging private jet, an IL-62, has a factory specified range of 10,000 km, or 6,215 miles - but experts said it was unclear it could actually go that far safely.

'The idea that their aircraft are all very short range things is just inaccurate,' Dean Cheng, the senior research fellow at the Heritage Foundation's Asian Studies Center, told DailyMail.com.

Cheng pointed out that North Korea is also in possession of two Tupolev Tu-204 planes that have ranges of up to 3,600 miles. The Tu-204 was manufactured to compete with and is similar in make to the Boeing 757.

Whether Kim's plane will be able to fly thousands of miles safely or reliably, or the North Korea leader wants to make a long-distance flight, Cheng said, is another matter.

'At the end of the day I think the real question is going to be, and we don't have visibility into this, what are the constraints that Kim Jong-un has chosen to impose?' Cheng said. 'That more than anything else will probably be the deciding factor, after which is: we're not going to Pyongyang.'

Given the expected restraints on Kim's travel, Ulaanbaatar has emerged as a front-runner to host the summit that the U.S. government says is likely to take place in the next six weeks.

Ulaanbaatar has hosted talks between Japanese officials and the North Korean government on more than one occasion before.

Mongolia's former president, Tsakhiagiin Elbegdorj, made note of those talks in a March tweet inviting Trump and Kim to his nation's capital city.

'A long waited breakthrough! Here is an offer: US President Trump and NK leader Kim meet in UB,' he said. 'Mongolia is the most suitable, neutral territory. We facilitated important meetings, including between Japan and NK.'

Kim's only known trip off the Korean Peninsula since he became North Korea's Supreme leader in 2011 was a March visit to Beijing.

He arrived in China by train, another mode of transportation he could utilize.

In November, Trump landed in Beijing to great fanfare. For days, he bragged about the red carpet roll out he received at both the airport and at an event the following day at The Great Hall of the People.

But Beijing is politically tricky location for Trump to travel to at the moment. He'll be under pressure if he goes there to negotiate with Chinese President Xi Jingping, as well. China and the United States are currently in a face-off over tariffs that analysts worry is the start of a trade war.

Trump shed some light this week on the locations that are under consideration for the conference with Kim during two days of talks with the Japanese government in Florida.

The president said five locations are being reviewed, and none of them are in the United States.

It is unthinkable that Trump would travel to Pyongyang to speak with Kim, a brutal dictator who's illicit nuclear and ballistic missile tests are what prompted the summit.

Panmunjom, a city inside the Demilitarized Zone between the North and the South, remains a possibility, though. It will serve as the site for a similar chat next Friday between Kim and Moon Jae-in, the president of South Korea.

Assuming Kim could leave Asia, four cities in Europe were also thought to be on the table.

Geneva, Switzerland famously hosted a 1985 rendezvous between former Soviet dictator Mikhail Gorbachev and United States President Ronald Reagan.

Kim went to boarding school in Switzerland under a fake name and is familiar with the terrain.

Sweden has directly offered to facilitate talks with North Korea, suggesting Stockholm is under review.

The European nation acts as the 'protecting' power for the U.S. in North Korea, and North Korean Foreign Minister Ri Yong Ho visited the country in March.

Two other Nordic nations are thought to be dark horses for the summit: Finland and Norway.

Choe Kang Il, an official with North Korea’s foreign ministry, visited Helsinki in Finland March by way of Beijing.

Oslo is Norway is the location where U.S. and North Korean leaders convened in May of 2017 to negotiate the release of the American student Otto Warmbier.

He returned to the U.S. in a coma and died just after his release.

'North Korea is remarkably opaque. We don't know what places he would consider acceptable,' Cheng said of the short-list.

'I look forward to meeting with Kim Jong-un. And hopefully that will be a success. And maybe it will be, and maybe it won’t be. We don’t know,' Trump said. 'But I can say this: They do respect us. We are respectful of them. And we’re going to see what happens.'

The president said that talks between the U.S. and North Korea had already taken place at 'extremely high levels,' a comment that was later revealed to be a reference to CIA Director Mike Pompeo's clandestine trip to Pyongyang to meet with Kim in early April.

Trump threatened Wednesday not to attend the talks if they did not seem they would be 'fruitful' toward achieving the end goal of North Korean denuclearization, although he remains hopeful the meeting will occur and that it will be 'very successful.'

'If I think that it's a meeting that is not going to be fruitful, we're not going to go,' he asserted. 'If the meeting when I'm there is not fruitful, I will respectfully leave the meeting, and will continue what we're doing or whatever it is that will continue,' he added.

Either way, Trump said, 'something will happen. So I like always remaining flexible, and will remain flexible here.'

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