1 US TRADE WAR COULD COST GLOBAL ECONOMY $430 BILLION, IMF WARNS WWW.RT.COM PUBLISHED:2018/07/18      2 US PLANS G7 TALKS ON CHINA WWW.NHK.OR.JP PUBLISHED:2018/07/18      3 GOOGLE HIT WITH RECORD EU FINE OVER SHOPPING SERVICE WWW.BBC.COM PUBLISHED:2018/07/18      4 TURQUOISE HILL ANNOUNCES SECOND QUARTER 2018 PRODUCTION AND COMPLETION OF SHAFT 5 WWW.GOGO.MN PUBLISHED:2018/07/18      5 DEVELOPMENT OF BILL ON CIVIL SERVANT CODE OF CONDUCT FINALIZED WWW.GOGO.MN PUBLISHED:2018/07/18      6 CRUDE OIL EXPORTS GENERATED 94.3 BILLION WWW.GOGO.MN PUBLISHED:2018/07/18      7 MONGOLIAN PRESIDENT SUMMONS IRREGULAR PARLIAMENTARY SESSION WWW.NEWS.MN PUBLISHED:2018/07/18      8 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      9 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      10 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      ГЕРМАНЫ “ЧИНГИС ХААН” ХАМТЛАГ ИРЭХ ОНД МОНГОЛД ТОГЛОЛТОО ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     АНУ, ОХУ ХҮЙТЭРСЭН ХАРИЛЦААНДАА ЦЭГ ТАВИЛАА WWW.UBINFO.MN НИЙТЭЛСЭН:2018/07/18     ХУДАЛДААНЫ ДАЙН ХЯТАДЫН КОМПАНИУДАД НӨЛӨӨЛЖ ЭХЭЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/18     МОНГОЛД 92 ОРНЫ 9.6 МЯНГАН ГАДААДЫН ИРГЭН АЖИЛЛАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/18     ГАДААД ХУДАЛДААНЫ НИЙТ БАРАА ЭРГЭЛТ 6,3 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЧЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/18     ЕВРОПЫН ХОЛБОО ЯПОН УЛСТАЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ГЭРЭЭ БАЙГУУЛАВ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/18     АЖ ҮЙЛДВЭРЖИЛТИЙН ЭРЧ СУЛАРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/18     МӨНГӨНИЙ НИЙЛҮҮЛЭЛТ 3.8 ИХ НАЯД ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     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    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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High representative of UN emphasizes Mongolia's effort in LLDCs www.montsame.mn

Ulaanbaatar /MONTSAME/ E.Odbayar, Ambassador-at-Large and Interim Director of the International Think Thank for Landlocked Developing Countries (ITTLLDC), has met with Fekitamoeloa Katoa Utoikamanu, High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, at the UN House.

Utoikamanu congratulated the Ambassador-at-Large E.Odbayar on their initiatives and hard work in the last five years and on becoming an independent inter-governmental organization.

After emphasizing ITTLLDC’s effort in involving LLDCs in the multilateral agreement on establishing the organization, the High Representative expressed her gratitude towards ITTLLDC for conducting international-level researches for LLDCs on overcoming their difficulties.

Also, she expressed that the High Representative’s Office is ready to cooperate with ITTLLDC on overcoming the transitional period of becoming an independent inter-governmental organization effectively and in a short time, and providing financial support to conducting joint researches and organizing events.

Ambassador-at-Large E.Odbayar congratulated Fekitamoeloa Utoikamanu on her appointment as the Deputy Secretary General of the UN and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, and presented ITTLLDC’s works in details, handing out the five researches conducted by ITTLLDC in 2017.

Also, Ambassador-at-Large expressed his interest in jointly presenting ITTLLDC’s studies focused on LLCDs with High Representative’s Office at international events and developing mutually beneficial cooperation.

At the end of the meeting, the sides agreed on co-organizing opening conference of ITTLLDC, which is expected to take place in Ulaanbaatar in 2018, and opportunities for organizing High Representative’s official visit to Mongolia within the frames of the conference.

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Saudi Arabia to produce iconic Russian Kalashnikovs under new deal www.rt.com

Russia and Saudi Arabia have reached a deal allowing the production of the iconic Kalashnikov assault rifle in the Gulf Kingdom.

The initial licensing agreement between the Russian state arms exporter Rosoboronexport and Saudi Arabian Military Industries (SAMI) was signed in Moscow on Thursday.
According to Rosoboronexport, the deal allows “production of Kalashnikov AK-103 assault rifles and cartridges for various purposes.”

SAMI also confirmed the signing of the Kalashnikov deal with Russia to Reuters.

The agreement was one of the multitude announced by Moscow and Riyadh during King Salman’s visit to the Russian capital.

Among them was a preliminary deal to purchase S-400 air defense systems and receive “cutting edge technologies” from Russia, SAMI said as cited by Arab News.

The Russian contracts are “expected to play a pivotal role in the growth and development of the military and military systems industry in Saudi Arabia,” SAMI said in a statement.

AK-103 is an offshoot of the iconic AK-47 rifle, which was designed by Mikhail Kalashnikov back in 1947.

The AK-47 has been the standard issue assault rifle of the Soviet and then Russian Army since 1949.

Its durability, low production cost, availability and ease of use promoted the AK-47 to becoming the most circulated weapon in the world.

The militaries of more than 100 nations are armed with Kalashnikovs, with an estimated 100 million working AK-47s currently in circulation.

Besides Russia, the Kalashnikov rifles are being produced in more than 30 countries, including China, India, Poland, Ukraine and the US.

However, Kalashnikov Concern has been complaining on numerous occasions that their product is being copied without proper licensing by many foreign manufacturers.

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October 5, 2017 trading report www.mse.mn

On October 5, 2017, 70,814 shares worth MNT 64.17 billion of 18 firms listed as Tier I, II, and III were traded. 8 firms’ shares increased, 7 decreased in price and 3 remained unchanged. Sharyn Gol JSC was the top performer, increasing 7.78 percent, whereas Shivee Ovoo JSC was the worst performer, decreasing 10.02 percent.

The MSE ALL Index rose 00.41 percent to stand at 1076.29. The MSE market cap stands at MNT 2,078,528,353,028.57.

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Hanoi and Ulan Bator reinforce cooperation www.hanoitimes.com.vn

Paying the honor to take charge in Vietnam when two countries’ tie in best lever ever, especially after the visit to Mongolia of PM Nguyen Xuan Phuc on July, 2016 and recent visit to Vietnam of Mongolian Foreign Affair Minister; Ambassador Dash Bilegdorj affirmed that the Hanoi-Ulan Bator friendship was developing in depth and width, facilitating new effective cooperation.

On Chairman of Hanoi’s People Committee Nguyen Duc Chung and newly-accredited Mongolian Ambassador to Vietnam, Dash Bilegdorj.
Ambassador is in high hope that, based on earlier MoU signed by Hanoi and Ulan Bator, two sides would make effort to expand the social-culture exchanges, enhance mutual understanding, create firm foundation for further collaboration. He suggested Hanoi authority to held Hanoi days in Ulan Bator as well as send a delegation along with some Hanoi’s enterprises to the Mongolian capital, seeking for new cooperation chance.
Congratulating Mongolia on its socio-economic achievements over the past years, Chairman of Hanoi’s People Committee Nguyen Duc Chung pledged to facilitate municipal-level exchanges and cooperation across the fields of diplomacy and trade, economy, tourism.

Agreeing with suggestions of the ambassador, Chairman of Hanoi’s People Committee said: “Hanoi is willing to offer support to foreign enterprises, including those from Mongolia, to coordinate with Hanoian partners”.
The host also wished that during his tenure, the ambassador would accelerate the effective cooperation activities between Hanoi and Ulan Bator as well as Vietnam and Mongolia. He suggested enhancing bilateral tourism and labor cooperation and expressed his belief that the ambassador would fulfill his assigned tasks to contribute to the developing bilateral ties.
Dash, for his part, vowed to do his best to lift bilateral cooperation on par with the two capitals’ potential.

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2017 budget adjustment bill moves to second discussion www.montsame.mn

Ulaanbaatar /MONTSAME/ A plenary meeting of the parliamentary session held Thursday carried out first discussion of the bill on 2017 state budget adjustment.

According to parliamentarians, the 2017 budget revenue performance has surpassed by over MNT 900 billion and amendment is to be made in the budget to distribute the revenue of MNT430 billion.

Some MPs suggested to spend the money for raising salaries of teachers and doctors while Ch.Ulaan MP expressed his opposition to distribute the money.

“Budget adjustment should be made to improve budget indicators. However we are talking about distributing some extra money gained than expected, when the 2017 budget deficit reached MNT2.7 trillion which is the biggest deficit in history of Mongolia. We should consider it seriously,” he said.

As the first discussion of the budget adjustment bill concluded, the bill has been transferred to the second hearing.

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Petro Matad signs seismic work deal in Mongolia www.pipelineme.com

Petro Matad, a Mongolian exploration company, said it has signed a preliminary deal with a unit of China National Petroleum Company for 3D seismic survey in the Tugrung Basin of Block V in Mongolia.

The company will begin a comprehensive 3D seismic programme for BGP Inc., which will include additional 2D seismic focused on adjacent leads of the Tugrug Basin and a new basin in Block IV, Petro Matad said in a statement. It also expects to add further drillable prospects to its growing exploration portfolio.

The planned 218 square kilometre 3D survey will focus on defining and de-risking near term drilling targets within the Tugrug Basin which could contain over 3 billion barrels of oil in place and additional potential within stratigraphic traps, it said.

The Tugrug Basin has a proven working petroleum system confirmed with a stratigraphic core hole drilled by the Company in 2011 near the basin margin. The core-hole contained live, un-biodegraded oil in good quality sandstone reservoirs.

Petro Matad said the 3D survey will cover the key prospects and leads, which are part of the primary structural play fairway within the basin, identified on existing 2D seismic data. The survey is also expected to image a major stratigraphic play fairway, which has been proven in prolific petroleum producing plays in Africa, India and the Falkland Islands, to name a few. In addition, 150km of new 2D seismic data are also planned in the Tugrug Basin to better define other leads and prospects.

In addition, 204km of new 2D data is planned over the Khangai Basin in the northern part of Block IV. This survey aims to better define some attractive leads identified on regional 2D seismic gravity and magnetic surveys acquired in 2015. 

BGP has started mobilisation and expects to begin work on the blocks in late October 2017, Petro Matad said, adding that it expects the results of the survey to advance farmout discussions currently taking place.

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Monaco-Mongolia expedition makes important discovery www.monacolife.net

The 12th Monaco-Mongolia Archaeological Campaign, conducted jointly by the Museum of Prehistoric Anthropology of Monaco and the Mongolian Academy of Sciences in the Mongolian steppes, made significant discoveries, including bronze arrowheads, ceramics and bones during its latest expedition.

The most remarkable piece, dating back more than 2000 years, is a bronze cauldron. During the excavation of a tomb at the site of Tsatsyn Ereg, archaeologists discovered the cauldron containing a wooden spoon.

According to the scientists, this object, dating from the second century BC, was buried near a human body, in a pit three-metres deep with a series of other artefacts. This would probably have been the burial site of a nomadic rider, many of whom crossed the Great Wall of China to sow terror among the Chinese peasantry.

The search of the contents of the cauldron will be carried out in a laboratory in order to clear the instrument and to try to discover the traces of any possible substance.

Funded by the Monaco Government since 2006, the Monaco-Mongolia joint missions, under the patronage of HSH Prince Albert and under the aegis of UNESCO, are carried out each summer by the teams of Jamyian-Ombo Gantulga, head of the Institute of Archeology of the Academy of Sciences of Mongolia, and Jérôme Magail of the Museum of Prehistoric Anthropology of Monaco.

The two teams cooperate on three sites in the Arkhangai province: Khunnu of Gol Mod, the Buddhist monastery of Zayan Khüree and the Bronze Age necropolis of Tsatsyn Ereg, on which a research and exhibition centre was built two years ago with the support of the Prince’s Government.

Elisabeth Gramaglia Gondeau, Honorary Consul of Mongolia in Monaco, has visited the site of Tsatsyn Ereg for the third time, which has just been inscribed on the UNESCO World Heritage Tentative List thanks to the work of the archaeologists.

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Mongolia ushers in new prime minister www.asia.nikkei.com

BEIJING -- The Mongolian legislature installed a new prime minister Wednesday, bringing into focus the potential implications for diplomatic relations with North Korea as well as neighboring Russia and China.

Khurelsukh Ukhnaa, the deputy prime minister from the ruling Mongolian People's Party, took office after a confirmation vote in the parliament. He succeeds Erdenebat Jargaltulga, who was ousted by the legislature last month in a no-confidence vote.

Mongolia is known to be friendly with North Korea, taking in workers from the reclusive state. Amid international efforts to clamp down on the North's nuclear and ballistic missile programs, attention will turn to the new prime minister's ability to parlay his country's own diplomatic channels in addressing the issue.

Japanese Prime Minister Shinzo Abe spoke with Mongolian President Battulga Khaltmaa in September, with the two leaders agreeing on the importance of implementing United Nations Security Council sanctions against Pyongyang. They also reaffirmed cooperative efforts toward returning Japanese nationals abducted in the past by North Korea.

While the Mongolian president is officially head of state and wields veto power, the prime minister holds sway over national policy as head of government. The focus will be on how the two leaders work together.

Khurelsukh, 49, has a military background and has built connections to North Korea. He first won election to the parliament in 2000 and has served as minister for emergency situations and elsewhere in the cabinet. He is seen as having initiated the push to unseat Erdenebat while deputy prime minister.

The new prime minister must also deal with the looming debt crisis that led to his predecessor's downfall. Erdenebat agreed to a $5.5 billion bailout from the International Monetary Fund earlier this year that came with a set of austerity measures. Angry voters responded by electing Battulga -- an opposition candidate -- as president in July.

A portion of Mongolian sovereign debt will reach maturity in early 2018. But to refinance the bonds or take other stopgap measures, Khurelsukh needs to restore the nation's creditworthiness -- a task that entails fiscal reform. Balancing that initiative against the will of the people will put his political skills to the test.

 
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Mongolia has a new Putin-esque prime minister who is also the head of a Harley-Davidson fan club www.businessinsider.com

Mongolia’s parliament has unanimously confirmed Ukhnaagiin Khurelsukh as the nation’s new prime minister.

The colourful leader, and president of Ulaanbaatar’s Harley-Davidson fan club, earned the nickname “Fist” after punching a colleague in 2012. He has also gotten a Putin-esque reputation for posing shirtless photos while riding horseback and posing with hunting guns.

Khurelsukh began his career in 1989 as a political officer in a military unit before moving into politics a year later. He was first elected into parliament in 2000 and has served as the country’s deputy prime minister twice.

Mongolia’s previous prime minister, Jargaltulgiin Erdenebat, was ousted by parliament a month ago after allegations of corruption — a claim he vigorously denied. Both ministers are members of the ruling Mongolia People’s Party that, in 2016, won an overwhelming number of seats, 65 out of a possible 76. However, it is not uncommon for Mongolia to regularly overhaul it’s leadership. Since elections in 1992 there have been 15 cabinets, each lasting 18 months on average, and no prime minister has served their full four-year term since 2004.

Former prime minister Erdenebat criticised the trend after his voting out: “Although, some of us point to foreign investments as economic killers, in reality we politicians are the internal killers of our economy and suffocate our own growth.”

Despite its role as a key coal supplier to China, mineral-rich Mongolia has significant debt pressures and the selection of a new prime minister will put the IMF’s $5.5 billion economic rescue package back on track.

Mongolia also has open dialogue and diplomatic ties with all key regional nations in Central Asia — including China, Russia, South Korea and even North Korea — which has made it a central nation for hosting international discussions and promoting regional peace.

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Li congratulates Mongolia's new prime minister www.news.xinhuanet.com

BEIJING, Oct. 4 (Xinhua) -- Chinese Premier Li Keqiang on Wednesday sent a congratulatory message to Khurelsukh Ukhnaa on his assuming office as Mongolia's new prime minister.

China and Mongolia are close neighbors linked by mountains and rivers, Li said in his message, adding that bilateral relations face significant development opportunities.
The Chinese side attaches great importance to China-Mongolia relations and is ready to join efforts with Mongolia to increase political mutual trust and deepen practical cooperation and exchanges in various fields so as to push for greater development of the comprehensive strategic partnership between the two countries, Li said.

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