1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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December 12, 2017 trading report www.mse.mn

On December 12, 2017, 463,666 shares of 22 firms listed as Tier I, II, and III were traded. 10 firms’ shares increased in price, 10 decreased and 2 remained unchanged.MND JSC /DLH/ was the top performer, increasing 14.93 percent, whereas Bulgan Guril Tejeel JSC /GTJ/ was the worst performer, decreasing 13.04 percent.

The MSE ALL Index decreased by 0.19 percent to stand at 1,222.67 points. The MSE market cap stands at MNT2,578,580,001,601

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Express train in route Ulaanbaatar and Irkutsk launched www.montsame.mn

Ulaanbaatar /MONTSAME/ The first travel of express train in a route Ulaanbaatar and Irkutsk was conducted on December 11. 

With an aim to increase number of passengers and flow of freight transport from Altanbulag checkpoint to Kyakhta, ‘Ulaanbaatar Railway’ Joint Venture decided to open this express train. The express trains N305 and N306 will travel in this route three times a week or on Mondays, Tuesdays and Saturdays. Previously it used to take about 40 hours to travel to Irkutsk whereas the express will reach its destination within 24 hour stoping at three stations: Sukhbaatar, Naushki and Ulan-Ude. 

"Beginning from November, 2014 citizens of Mongolia and Russia are allowed to mutually travel without visa for three months. Thus Altanbulag border checkpoint’s load has been increased considerably. In order to create condition for convenient, comfortable and cheap travel to passengers the company launched this express train. I believe it will give stimulus to tourism development of Mongolia" remarked D.Jigjidnyamaa, Chairman of the ‘Ulaanbaatar Railway’ Joint Venture.

Third Secretary of Embassy of the Russian Federation in Mongolia M.B.Mashaninov said "As a result of visa free travel for three months, people to people relations and economic cooperation of the two countries are broadening. I am confident that the express train will intensify the relations more". 

The express train with six passenger coaches is expected to carry 21.5 thousand passengers a year. Also it is possible to add coaches up to 18 during special times, said the officials.

Single ticket price is MNT118 thousand for adults and MNT 71 thousand for children.

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MPP caucus focuses on its legislative process and goals www.mongolia.gogo.mn

The Mongolian People’s Party (MPP) caucus in Parliament discussed two key legislative issues during its December 11 meeting.

The caucus members agreed to determine processes for party review of proposed legislation, based on proposals from party members on submitted laws. The caucus also agreed to draft amendments to the Law on the Rehabilitation of Victims of Political Repression and Granting Compensation.
Caucus Chairman D. Khayankhyarvaa said, “There are numerous amendments submitted to Parliament. The drafts include proposals from members of the MP and Democratic Party caucuses.” It was decided that amendments to the Law on the Rehabilitation of Victims of Political Repression and Granting Compensation should be approved by 2019, after properly reviewing and researching the impact of changes to the existing legislation.
D. Khayankhyarvaa also mentioned that MPP working groups have been established to work on amendments to the Law on Elections and the Law on Political Parties.

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Mongolia and Italy sign memorandum on maritime transport www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia and Italy signed a Memorandum on Cooperation in Maritime Transport, Seaport Access and Logistics on December 6 in Geneva.

The memorandum was signed by Ambassador of Mongolia to Italy Ts.Jambaldorj and Paolo Emilio Signorini, President of the Port Authority of Genoa and Savona.

Following the signing ceremony, the sides exchanged views on bilateral cooperation in maritime transport, access to seaport, usage of ships and customs and logistics.

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Mongolian herders supply to international cashmere brand www.mse.mn

Luxury goods companies have increasingly opted to source their cashmere from Mongolia. As a result, the country's exports of cashmere garments have nearly tripled from 2009 to 2016, according to a 2017 report by the Mongolia International Capital Corp. (MICC), a regional investment bank.

This increase in demand is both a gift and a curse for nomadic herders, who make up about 50% of the population. Cashmere goats are by far the most lucrative of livestock, but keeping up with booming demand is proving unsustainable. Herders have at least doubled—if not tripled—the size of their flocks over the past decade, says William Danforth, author of the MICC report.

The Mongolian government is ill-equipped to handle the classic tragedy-of-the-commons problem, so private international actors are stepping in. Paris-based Kering Group, which owns brands like Gucci, Yves Saint Laurent, and Balenciaga, is partnering with nonprofits to develop more sustainable models for cashmere production. The group’s focus is educating herders on pasture management and animal welfare, but there is much work to be done further down the supply chain.

Cashmere manufacturing is a complex ecosystem riddled with middlemen who sell the processed fabric for USD 150 per kilogram, while herders themselves get only USD 20 of that.

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Weekly trading report www.mse.mn

During the week spanning December 04 to December 08, 2017, MNT6,562,131,379 worth of securities were traded through 5 trading sessions on the MSE. The daily average MNT volume was MNT1.3 billion.

1. STOCK TRADING:

A total of 61 companies’ 8,509,580 shares worth MNT6,055,558,659 were traded.

2. GOVERNMENT SECURITIES TRADING:

No government securities were issued on the primary market during the week spanning December 4 to December 8, 2017.

On the secondary market trading of Government securities, 4,054 units of securities were traded for MNT416,672,720 through 8 trading sessions

3. CORPORATE BONDS TRADING:

As of December 8, 2017, total market capitalization of MSE is MNT2,633,535,201,424 . The MSE ALL index declined by 1.42% to stand at 1,230.94 units.

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December 11, 2017 trading report www.mse.mn

On December 11, 2017, 1,282,398 shares of 52 firms listed as Tier I, II, and III were traded. 29 firms’ shares increased in price, 17 decreased and 6 remained unchanged. E-Trans BayanTeeg JSC /BTG/ was the top performer, increasing 11.55 percent, whereas Nekheesgui Edlel JSC /NXE/ was the worst performer, decreasing 14.29 percent.

The MSE ALL Index decreased by 0.81 percent to stand at 1,220.93 points. The MSE market cap stands at MNT2,624,384,707,766.

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JD to invest $150m in green technology www.chinadaily.com.cn

JD Logistics, the logistics arm of the country's second-largest e-commerce player JD.com Inc, announced decision to invest 1 billion yuan ($151 million) to establish a green fund, in a bid to promote the use of sustainable, greener packaging materials throughout the supply chain.

JD will work with international logistics giants such as DHL, La poste, Yamato, SF Express, consumer products conglomerate Nestle, Danone, and environmental protection organizations to carry out the Green Stream Initiative.

Wang Zhenhui, CEO of JD Logistics, said: "The fund is just a start and the money will be used in the overhauling of the infrastructure of JD Logisitics, the improvement in packaging material, the innovation in finance supply chain services, and for research and application of big data in supply chain."

JD Logistics announced decision to invest 1 billion yuan ($151 million) to establish a green fund. [Photo provided to chinadaily.com.cn]
JD expects to reduce the number of boxes used throughout the supply chain by 10 billion by 2020.

It also expects that 80 percent of packaging materials will be recyclable, with over 50 percent of plastic packages replaced by biodegradable material and 100 percent of logistics packaging materials to be composed of recyclable or reusable materials, JD said in an ealier statement.

In June, it began operating its first fleet of clean energy delivery trucks in Beijing, Shanghai and Chengdu – becoming the first domestic logistics player to employ large-scale green delivery vehicles.

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Russia signs deal to build Egypt's first nuclear power plant www.rt.com

Moscow and Cairo have signed an agreement to construct Egypt’s first nuclear plant. The project will cost $21 billion and is due to be finished by 2028-2029.

The preliminary agreement between the countries was signed in 2015. A loan from Russia would cover 85 percent of the construction costs, and Russia's Rosatom would service the plant’s four reactors for 60 years, company chairman Aleksey Likhachyov said on Monday.

The presidents plan to discuss economy, energy, politics, as well as the possibility of resuming air travel between Russia and Egypt, suspended in November 2015 after a terrorist attack resulted in a crash of a Russian passenger jet over Sinai.

"I am pleased to note that our economic links are developing at a fairly high pace, and we really have a lot of good projects ahead,” Putin said.

"Since the 1950s and 60s, Russia has always supported Egypt and still supports our country: both metallurgical plants and the construction of the Aswan dam, and today we will sign a contract for the construction of a nuclear power plant," al-Sisi replied.

Through September, trade between Russia and Egypt increased 48 percent compared to the same period last year and exceeded $4 billion.

After meeting with the Egyptian president, Putin will head to Ankara to meet Turkish President Recep Tayyip Erdogan. Besides politics, they are expected to discuss the Akkuyu nuclear power plant and other matters, said Kremlin spokesman Dmitry Peskov.

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Asia shares take breather, Brent breaks above $65 www.reuters.com

SYDNEY (Reuters) - Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

A pedestrian stands to look at an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan, February 26, 2016. REUTERS/Yuya Shino
The latest promising news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial output due later in the week.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dithered either side of flat having bounced 2 percent in the past three sessions.

Moves were minor across the region, with blue chip Chinese shares off 0.2 percent .CSI300 and Australia up 0.1 percent . Japan's Nikkei .N225 was likewise steady, after the index scored its highest close in 25 years on Monday. [.T]

There was no lasting market impact from an explosion in New York’s busy Port Authority commuter hub which New York Mayor Bill de Blasio described as an “attempted terrorist attack.”

Investors continued their policy vigil with the Federal Reserve set to end its two-day meeting on Wednesday, while the European Central Bank meets on Thursday.

JPMorgan Economist David Hensley suspects the Fed will revise up its growth forecast while trimming the outlook for the unemployment rate, potentially adding upside risk to the “dot plot” forecasts on interest rates.

“The dot plot previously called for three hikes in 2018; it is a close call whether this moves to four hikes,” he warned, a shift that would likely boost the dollar but could bludgeon bonds.

“For its part, the European Central Bank (ECB)is likely to emphasize its low-for-long stance and continue to distance itself from the Fed,” he added. “The staff is likely to revise up its 2018 growth forecast, while we think the core inflation forecast will reveal an even slower recovery than before.”

RATES NOT EVERYTHING

The divergence in Fed and ECB policy was supposed to be bullish for the dollar, given it had widened the premium offered by U.S. two-year yields US2YT=RR over German yields DE2YT=RR to 256 basis points from 188 basis points this time last year.

The last time the spread was that plump was in 1999.

China Securities Index Co Ltd
4067.0862
.CSI300CHINA SECURITIES INDEX CO LTD
-2.41(-0.06%)
.CSI300
.CSI300.N225AAPL.O
Yet the euro is currently up 12 percent on the dollar this year, while the dollar is down 8 percent on a basket of currencies .DXY - an indication interest rate differentials aren’t everything in forex.

On Tuesday, the euro was steady at $1.1768 EUR= having failed to clear resistance around $1.1812 overnight. The dollar was idling at 113.48 yen JPY=, just off a one-month top of 113.69.

Dealers at Citi noted interbank volumes in the forex market had been 35 percent below average overnight and another thin session was likely on Tuesday.

There was a little more action in bitcoin, which was last at $16,350 on the Bitstamp exchange BTC=BTSP while its newly minted futures contract <0#XBT:> fell back to $17,800.

In commodity markets, gold remained out of favor at $1,243.90 an ounce XAU= having suffered its biggest weekly drop since May last week.

Oil prices pushed ahead in the wake of news of a temporary shutdown of a pipeline that carries the biggest volume of the five North Sea crude oil streams. [O/R]

Brent crude futures LCOc1 rose another 38 cents to $65.07 a barrel, after jumping $1.35 on Monday. U.S. crude futures CLc1 added 26 cents to $58.25 a barrel.

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