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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Tax amendments being discussed by Cabinet www.gogo.mn

Cabinet is discussing amendments that would make tax reporting easier for entities. The amendments stipulate that entities with an annual income of less than 50 million MNT would be required to prepare only one report per year and pay a tax of one percent of their annual income.

The amendments would also reduce the number of reports required from SMEs. Companies with an annual income of over three billion MNT would be required to issue tax reports four times a year, and those with less than three billion MNT in annual income would be required to file reports twice per year. The amendments would be implemented in January 2019 if approved.

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Russian companies show interest in energy cooperation with Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ Energy Minister of Mongolia, Ts.Davaasuren met the Minister of Energy of Russian Federation, A.V.Novakov on February 27 and discussed bilateral cooperation in energy sector.

During the meeting the parties agreed to conclude Intergovernmental agreement to cooperate in energy sector in the near future. Energy Minister of Russia, A.V.Novakov also emphasized that many Russian companies show interest in cooperating in energy sector with Mongolia.

At the same time, the first meeting of the working group on Energy cooperation of Mongolia and Russia was held and further actions were defined.

Russia's Deputy Minister of Energy A.B.Yanovsky, the head of the International Cooperation Department of the Ministry of Energy, deputy heads and other officials of the Russian Ministry of Energy, Minister of Energy of Mongolia Ts.Davaasuren and representatives of the National Dispatching Center LLC and National Power Transmission Grid State owned JSC attended the meeting.

B.Misheel

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Britain postpones decision on new coal mine www.mining.com

The British government has delayed a decision on whether to allow a new open pit coal mine in Northumberland, in the country’s north east, without elaborating on the reasons that motivated such decision.

The county’s council granted permission in 2016 to developer The Banks Group to build its Highthorn surface mine, slated to extract 3 million tonnes of coal near Druridge Bay.

But the minister for local government, Sajid Javid, called for a public enquiry last year following environmentalists claims that the proposed mine would destroy Druridge Bay, an area of natural beauty. They also argued that extracting more coal contradicted international pledges to reduce greenhouse gas emissions under the Paris climate pact.

Supporters say the company has vowed not to conduct any mining activity within 500 metres of the beach, adding the operation would create about 100 permanent jobs and generate almost 50 million pounds ($69 million) in related contracts and other benefits to the community.

The company expressed its disappointment over the news. “We now have no indication as to when the Secretary of State is going to decide whether we are to be allowed to proceed,” Community Relations Manager Jeannie Kielty said in a statement quoted by ELN. “All the while, we are continuing to receive enquiries from energy generation and industrial customers about when the site is going to be opening,” she said.

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Additional funding agreement concluded www.montsame.mn

Ulaanbaatar/MONTSAME/ An agreement on provision of the additional funding was established between the Development Bank of Mongolia (DBM) and International Investment Bank (IIB) within a scope of the 21st Meeting of Mongolia-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, held on February 28 in Russia.

The document was signed by First Deputy CEO of the DBM, Ch. Enkhbat, and the head of the IIB delegation, Deputy Chairman of the Board, Vladimir Liventsev.

According to the agreement, the IIB lends EUR 30 million for a period of up to seven years to implement socially and economically significant projects in Mongolia.

Following the meeting, members of the intergovernmental commission expressed their satisfaction with the results of the IIB’s project activities in Mongolia and parties welcomed the signing of a loan agreement between two development banks.

The IIB consistently increases lending and investment activities in Mongolia. Since 2012, the total volume of the Bank's investment in the Mongolian economy has amounted to over USD 650 million.

M.Unurzul

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Darkhan city to improve its waste management in cooperation with ADB www.montsame.mn

Darkhan /MONTSAME/ Governor of Darkhan-Uul province S.Nasanbat received representatives of the Asian Development Bank (ADB) Mongolia Resident Mission and authorities of project МОН3244/3245 to develop wastewater management in Darkhan city and technical advisors on March 1.

Held with attendance of Member of Parliament B.Javkhlan, the sides informed about ongoing projects and exchanged views.

47.5 tons of waste are produced in Darkhan soum in a year, of which 80 per cent in ger district areas and 56 per cent of all waste is recyclable.

In relation, administrations of Darkhan-Uul province requested the ADB to show support in direction of making products and, extracting energy and heat by recycling dry waste. They also asked support from the ADB to coordinate the two projects on establishment of dry waste recycling plant and eco-toilet project in order to improve their roles to reduce soil and water pollution and pollution of Kharaa river.

Additionally, MP B.Javkhlan gave information on building an eco-school in Darkhan-Uul province with the ADB funding. 
E.Altanzul

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IAAC reports that government corruption is widespread www.montsame.mn

Chief of the Cabinet Secretariat G. Zandanshatar held a meeting at Independent Authority Against Corruption (IAAC) to obtain information about the implementation of the national anti-corruption program and priority issues that need to be addressed in the future.

The meeting convened state secretaries and other officials representing the cabinet's 13 ministries. During the meeting, the head of the IAAC, Kh. Enkhjargal, presented the agency's framework for implementing the program and recommendations concerning anti-corruption legislation.

In 2017, the IAAC conducted reviews and regulatory enforcement of all levels of government organizations to identify the status of the implementation of anti-corruption measures to develop a report. The report identified the violations of several laws, including the Law on Conflicts of Interest and the Procurement Law. Major violations included the illegal appointment of officials, abuse of official positions, the illegal establishment of fees, and the ineffective spending of state funds.

An overall assessment concluded that the level of corruption at all levels of government is high.

The report was discussed by the National Audit and Civil Service Council and recommendations on how to end these illegal activities were submitted to each of the cabinet's ministers.

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International Festival for Business 2018, Frontier’s “Invest Mongolia London forum” Liverpool and London Great Britain www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) www.mongolianbusinessdatabase.com (Authorized Lead of the Mission) is starting to register the Mongolian business delegates to International Festival for Business 2018 Liverpool www.internationalbusinessfestival.com and Frontier’s “Invest Mongolia London Forum” www.frontier-conference.com/london/ and business program in London between June 06-14 2018. (The event program will be confirmed in April)
As a part of this business mission, the delegation will visit to UK Houses of Parliament by Mr.John Grogan, MP and Chairman of Mongolian-British Chamber of Commerce and Mongolian Embassy in London by special program. 
“The Trooping of the color” parade for the Queen’s birthday and LFWM-London Fashion Week Men’s etc events will be held in London at the time of stay.
International Festival for Business forum in Liverpool is the bi-annual global forum which attracted 40.000 business people from around the world and 94.000 participants registered for this year as of now
Please visit the link at the www.mongolianbusinessdatabase.com for information in details and register on contact@mongolianbusinessdatabase.com e mail or/and call 99066062 for more inquiries.
Registration will close on April 10.2018

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China projects 6.5% growth in 2018 amid economic reform www.asia.nikkei.com

BEIJING -- China said on Monday its economy is expected to grow around 6.5% in 2018, highlighting the country's aim of accommodating slower growth to focus on reining in financial risks.

Prime Minister Li Keqiang told the National People's Congress during the legislature's annual sitting that while growth remains strong amid the recovery in the global economy, China will focus on pressing ahead with its reform agenda.

"The [target is] fitting given the fact that China's economy is transitioning from a phase of rapid growth to a stage of high-quality development," said Li at the opening of the over two week-long congress, addressing some 5,000 delegates gathered in the Great Hall of the People in the country's capital.

Meanwhile, the country's military spending will rise 8.1% from 2017, according to a budget report. The budget will likely heighten fears about China's growing assertiveness in Asia and beyond.

The world's second-largest economy grew 6.9% in 2017, bucking a slowdown since 2010 and beating the 6.5% target set around this time last year in the Government Work Report. The report is delivered by the premier every year to kick off the annual congress. Growth was supported by exports, as well as investments in infrastructure and real estate. The economy has been cooling off after nearly a decade of double-digit growth that began in 2003.

The projection for 2018 is within the range marked by economists, who expect Beijing to implement measures set by its top leadership to contain risks in the financial system.

President Xi Jinping said during the Communist Party's five-yearly meeting in October 2017 that China had to safeguard the economy in order achieve the mid- to long-term plan of creating a "prosperous" society based on socialism.

Mizuho Securities is less upbeat about China's outlook, expecting tighter monetary conditions and the continued scrutiny of investments in line with the top leadership's pronouncements. The investment bank, which has a 6.3% growth forecast for 2018, said in a Feb. 26 research note that growth will be driven by trade, domestic consumption and income growth.

China's economy has come under pressure in recent years from mounting debts chalked up by state-owned enterprises and the private sector. The threat of a property market bubble remains a major concern for Beijing, underpinned by lower borrowing costs provided by the country's shadow banking system.

Over the next three years, whether China can sustain growth will depend on how the government encourages productivity gains while keeping inflation and asset bubbles at bay, said Diana Choyleva of London-based Enodo Economics.

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World's 5 largest gold nuggets that haven't been melted down www.rt.com

Gold has been an attractive asset throughout much of human history. Today's investors use it as a safe haven against market volatility. But where did gold mining start and what does the precious metal look like on extraction?
Humanity learned to extract gold centuries ago. The oldest known gold artifacts were reportedly found in the Varna Necropolis on the territory of modern Bulgaria. The graves allegedly date back to 4200 BC, which shows that gold mining might be at least 7,000 years old.

As of 2016, China was the world's largest gold producer with 463.7 tons mined that year. The second-largest producer, Australia, mined 287.3 tons in 2016, followed by Russia with 274.4 tons. RT decided to find the top five of the world’s biggest gold nuggets which are still in existence.

Number five in the ranking was extracted in California in 1992 by Sonora Mining Company. The nugget was found embedded in quartz rock with its weight after a cleaning process amounting to 16.4kg, which is 527 troy ounces of gold. The piece is exhibited at a heritage museum in Ironstone Vineyards in California. It has two names: sometimes it is referred to as the ‘Kautz Crystalline Gold Leaf Specimen’ in reference to John Kautz, the owner of Ironstone Vineyards.

Number four is the Normandy Nugget, discovered in Kalgoorie, Western Australia in 1995. The Normandy is significantly bigger than Ironstone, weighing in at 25.5kg or 820 troy ounces. It was bought from the finder five years later by Normandy Mining and is currently displayed in the museum of the Perth Mint.

The third biggest nugget was found in Kingower, the Australia state of Victoria in 1980. The Hand of Faith weighs 27.66kg, or 875 troy ounces. The nugget, purchased by the Nevada-based Golden Nugget Casino, is exhibited in the casino lobby on East Fremont Street in Las Vegas.

The world’s second largest nugget in existence, the Great Triangle, was excavated in 1842 in the Miass area of the Russian Urals. The triangular-shaped nugget, owned by the Russian state, weighs of 36.2 kg, including a fine gold content of 32.94 kg, or 1,059 troy ounces. The Great Triangle is on display in the Russia’s ‘Diamond Fund’ collection in the Moscow Kremlin.

Found in 1983 by the Serra Pelada Mine in the State of Para, Brazil, this piece of gold is currently ranked as world’s largest surviving gold nugget. With the gross weight of 60.82kg, Pepita Canaa contains 52.33kg of gold totaling over 1,682 troy ounces. The piece was bought by the country’s central bank and is currently displayed at the Banco Central Museum in Brazil.

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Stock Exchange weekly report /February 26- March 2/ www.montsame.mn

 

Ulaanbaatar /MONTSAME/ During the week spanning February 26 to March 02, 2018, MNT1,635,201,757 worth of securities were traded through 5 trading sessions on the MSE. The daily average MNT volume was MNT327.0 million.
1. STOCK TRADING:
A total of 97 companies’ 612,679 shares worth MNT584,636,717 were traded.
Most actively traded stocks: 
№ Symbol Securities Name Volume Amount
1 TTL TAVANTOLGOI 30,444 296,458,820
2 APU APU 167,685 111,206,456
3 GOV GOBI 2,005 45,859,860
4 MNP MONGOL POST 32,704 17,867,323
5 ITLS ITOOLS 139,250 17,066,570Most active brokerage firms:
№ Symbol Company Name Volume Amount
1 BDSC BDSec 252,279 436,025,403
2 LFTI Lifetime Investment 17,677 141,517,284
3 GLMT Golomt Capital 232,633 125,643,905
4 BUMB Bumbat-Altai 66,278 79,891,300
5 STIN Standart Investment 144,672 71,427,348
2. GOVERNMENT SECURITIES TRADING:
No government securities were issued on the primary market during the week spanning February 26 to March 02, 2018.
On the secondary market trading of Government securities, 10,073 units of securities were traded for MNT 1,050,565,040 through 14 trading sessions.
Most active brokerage firms for Government securities secondary market trading:
№ Symbol Company Name Volume Amount
1 BZIN Mirae Asset Securities Mongolia 19,488 2,034,091,880
2 BDSC BDSec 460 46,901,600
3 GAUL Gauli 198 20,136,600 
3. CORPORATE BONDS TRADING:
Most active brokerage firms for Corporate bonds secondary market trading:
№ Symbol Company Name Volume Amount

As of March 02, 2018, total market capitalization of MSE is MNT2,455,629,147,724. The TOP-20 index decreased by 3.12% to stand at 19,616 units.
Source: Mongolian Stock Exchange

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