1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     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    

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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Mongolia-Russia Intergovernmental Commission to meet www.montsame.mn

Ulaanbaatar /MONTSAME/ The 11th Mongolia-Russia Intergovernmental Commission meeting will take place in Moscow on February 26-28.

The regular meeting of the Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation will be led by Mongolian Deputy Prime Minister U.Enkhtuvshin and Russian Minister of Natural Resources and Environment Sergey Donskoy.

The 11th meeting will review the implementation of the protocol of the 10th meeting and address bilateral cooperation on construction of a power plant at Eg River, border region development, road and transport, energy, environment and agriculture sectors.

Moreover, the Sub-Commission on Regional and Cross Border Cooperation will meet to discuss the implementation of the Mongolia-Russia-China Economic Corridor program and bilateral cross border cooperation.

The Sub-Commission meeting will be led by Deputy Minister of Foreign Affairs B.Battsetseg from Mongolian side and Deputy Minister of Economic Development Alexey Gruzdev.
Kh.Aminaa

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MSE introduces upcoming changes and two new indices www.gogo.mn

Following the Financial Regulatory Commission’s approval of revisions on “Trading rules”, “Index Calculation Rules”, and “Listing Rules” on February 8, 2018, Mongolian Stock Exchange (MSE) has introduced the amendments to the rules.

The notable changes of Trading Rules are as follows:

Closing price to be calculated as a weighted average of the trades within the last hour prior to trading close
Upper price limit for block trade to be removed
New order types such as Fill or Kill, Minimum Fill and Iceberg order to be enabled. 
Changes of Listing Rules:

The regulations for dual-listing including the waivers and exemptions are provided;
Listing criteria and requirements are updated including a new section for mining companies
Listing fees are set to be calculated from the total market capitalization
In order to promote the sustainable activities of listed companies, the companies with operations that promote sustainable development shall receive discounts on their listing and annual fees.
Two new indices start retrospectively from January 2, 2018

Additionally, the MSE has introduced 2 new indices Board I and II (MSE-A & MSE-B). MSE informed that this will allow investors and market participants to understand which board of securities is driving the market performance as well as laying a foundation for introduction of index based products in the future.

Calculation of Board I (MSE A Index) and Board II (MSE B Index) indices start retrospectively from January 2, 2018 with the initial value of 10 000 each and from the start of the year, MSE A Index has gained by 7.9 percent and MSE B Index by 0.8 percent.

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Oyu Tolgoi provides update on Mongolian domestic power solution www.gogo.mn

Ulaanbaatar, Mongolia - Oyu Tolgoi LLC wishes to clarify how it will deliver a long-term domestic power solution for Oyu Tolgoi in response to recent commentary.

On 15 February 2018 the Government of Mongolia cancelled the Southern Region Power Sector Cooperation Agreement (PSCA). The PSCA laid out a framework for cooperation between the Government of Mongolia and Oyu Tolgoi LLC to deliver a comprehensive energy plan for the South Gobi region. The Government of Mongolia’s primary intention was to develop the Tavan Tolgoi Power Project (TTPP), a new independent power plant at the Tavan Tolgoi coalfields, with Oyu Tolgoi as off-taker rather than owner.

The cost of building a power plant by Oyu Tolgoi is not included in the $5.3 billion investment approved for the development of the underground in May 2016.

The formation of the PCSA and prioritisation of discussions and evaluation of TTPP, at the specific request of the Government of Mongolia, resulted in the suspension of Oyu Tolgoi’s plans to start construction its own power plant in 2012. It also suspended Oyu Tolgoi’s obligation under the 2009 Investment Agreement to source power from within Mongolia by 2017 because it was recognised by the Government that the TTPP process would take longer than four years.

While TTPP is moving forward and despite considerable efforts by the Government’s Project Implementation Unit, MCS (TTPP’s domestic shareholder), Rio Tinto and Oyu Tolgoi to progress the project, its development has been slow due to limited investors and lenders appetite. TTPP currently lacks a lead investor to develop a viable technical and commercial proposal for Oyu Tolgoi to consider and it is unable to secure financing without a credible lead investor. Extensive negotiations and lender due diligence would still be required once those key issues are resolved. TTPP would therefore not be operational within four years.

Oyu Tolgoi has been reviewing other options that can be implemented within the four year timeframe, including refreshing previous plans to develop its own power plant at the Oyu Tolgoi mine site. In this context, Oyu Tolgoi will be engaging with the Minister of Energy to ensure the necessary permits and approvals are in place, including the application of permits that were submitted for renewal in January 2017, but which have not been granted, and to ensure overall alignment on the way forward.

The cost of building a power plant by Oyu Tolgoi is not included in the $5.3 billion investment approved for the development of the underground in May 2016.

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February 22, 2018 trading report www.mse.mn

On February 22, 2018, 274,580 shares of 24 firms listed as Tier I, II, and III were traded. 8 companies’ shares increased in price while those of 18 companies' shares decreased and 3 companies' shares unchanged. "Euroasia Capital Holding" (SUN+15.00%) and "Tushig Uul" (TUS+14.99%) were the top performers whereas "Materialimpex" (MIE-13.16%) and "Tavantolgoi" (TTL-9.70%) were the worst performers.

On the secondary market for block government securities, 1,997 bonds worth MNT197.5 million were traded.

The TOP-20 Index decreased by 3.38 percent to reach 20001.38 points. The MSE market cap stands at MNT2,413,079,369,346.00

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Mongolia establishes Cashmere Development Fund www.news.mn

The Schneider Group noted that cashmere market has been recovering since a low point in 2014. This is of great benefit for Mongolia as one of biggest producer of cashmere. Subsequently, the Mongolian Government is focusing on cashmere exports and increasing the production workforce. Mongolia produces a third of the global supply, and cashmere makes up 40 percent of the country's non-mineral exports. The country trades MNT 700-800 billion of cashmere annually.

Mongolia plans to implement ‘Cashmere 2’ programme in 2018-2022. The four-year program is expected to increase the country's production and export of final cashmere products 5.7 times. The aim is to increase production of finished goods by 60-70 percent.

For this propose, the Cabinet has established the Cashmere Development Fund. The MNT 500 billion fund will support the cashmere industry.

Mongolia exported 5400 tonnes of washed cashmere to China in 2017. This accounted for 60 percent of total raw cashmere and 54.3 percent of revenue.

The Schneider Group is a global specialist in the processing and trading of fine wools and high value fibres. The company was set up in the early 1920's in Australia.

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Mongolia extends condolences over Iran's fatal plane crash www.irna.ir

President Khaltmaagiin Battulga expressed grief over the plane tragedy and extended condolence to the Iranian people, government and the families of the victims in a message to his Iranian counterpart President Hassan Rouhani.

An Iranian passenger ATR plane belonged to Asseman Airlines hit Dena Mountains, 120 km from Semirom, Isfahan Province Sunday morning.

The debris of the plane was found Monday. All 66 people onboard were killed in the tragic incident, and the dead bodies that have been found so far are being transported to Yasouj, the capital city of Kohgiluyeh and Boyer-Ahmad Province in southwestern Iran.

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Mongolia to conduct national census in 2020 www.xinhuanet.com.cn

ULAN BATOR, (Xinhua) -- Mongolia will conduct a national population and housing census in 2020, the Mongolian government press office said Thursday.

The census plan was approved at a meeting of the State Commission on Population and Housing Census 2020 chaired by Mongolian Prime Minister Ukhnaa Hurelsukh.

The regular census will start at midnight of Jan. 8 through Jan. 9, 2020 nationwide and will run for seven days. The final results of the census will be announced in June of the same year.

The Statistical Law of Mongolia states that a national census will be conducted every 10 years. Mongolia's population reached 3.2 million by December 2017, according to the latest data released by the National Statistical Office.

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Japan, Mongolia agree to boost pressure on N.Korea www3.nhk.or.jp

Japan and Mongolia have agreed to increase pressure on North Korea, which is continuing its nuclear and missile development.

Japanese Foreign Minister Taro Kono met with Mongolian Foreign Minister Damdin Tsogtbaatar in Tokyo on Thursday.

In the meeting, Kono said the international community must be united in dealing with North Korea. He stressed the necessity of maximizing pressure on the North in various areas, including the implementation of UN Security Council sanctions.

They agreed to work together to boost pressure on the country after the PyeongChang Olympics and Paralympics now under way in South Korea.

Kono asked for Mongolia's support to resolve the issue of abductions of Japanese nationals by North Korea. He also said Mongolia should swiftly implement the austerity measures necessary to receive financial assistance from the International Monetary Fund and others.

Tsogtbaatar met with Kim Yong Nam, the president of North Korea's Presidium of the Supreme People's Assembly, in North Korea earlier this month.

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IPO To Drive Financial Inclusion Ambitions of AND Global’s Mongolian Subsidiary, LendMN www.fintechnews.sg

Singapore registered fintech startup AND Global today announces the upcoming initial public offering (IPO) of its Mongolian subsidiary LendMN, a smartphone-based instant lending service provider.

The IPO will launch on February 20, 2018 on the Mongolian Stock Exchange, following LendMN’s monumental success over the past year.

lendmnLendMN brings emergency loans to consumers who are either under-banked or are totally outside of the formal financial system. Since its soft launch in January 2017, the company has issued $9.5 million in loans to roughly 28,800 active borrowers.

Thanks to the region’s high demand for financial services coupled with the company’s highly capable AI algorithm, it has witnessed 70% month over month growth from its customer base in Mongolia. The LendMN platform currently distributes more than 1,500 loans per day with a repayment rate of approximately 98.2%, and boasts a 4.6 star rating in the Google Play store.

Less than one year since its commercial launch, LendMN will raise $2 million USD in a local IPO scheduled for February 20, 2018, with the intent to expand its service to the entire under-banked population within Mongolia. The company will issue 200 million shares in total, corresponding to a 25% stake in the total equity of the company. Strategic acquirers, including Seoul based Rhinos Asset Management, have announced their intents to purchase shares worth $1 million USD, for a 12.5% stake in the company.

With LendMN, access to a loan takes customers just 5 minutes on a mobile phone. Subsequent loans take less than 1 minute to process, making lending almost instantaneous. Credit limits can increase and monthly fees decrease for repeat customers depending on their repayment behaviors. What’s more, there is no interest rate — only a single fee for tech and service costs. The high repayment level is achieved using proprietary machine learning, which analyzes users data to calculate their capability to repay along with their willingness to pay.

In Mongolia, banks charge an average of 22.8% APR on loans requiring collateral, and loan sharks can charge upwards of 10% per week. This makes loans inaccessible and difficult to repay for thousands of people across the country. For this reason, LendMN offers its users a new level of financial freedom through a monthly fee without requiring them to post collateral or enduring sky-high interest rates.

“We are offering people convenient, fast, collateral-free loans that they can afford to pay back. With the introduction of our IPO we can bring our technology to more areas of the local market where so many have been forgotten, bringing banking to those who need it most,”

There are still 2 billion citizens throughout the world who do not have access to banking or accessible loans. Having achieved strong product market fit in Mongolia, AND Global hopes to eventually replicate this model to bring a suite of financial services for Japan, the Philippines and the rest of Southeast Asia.

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Lendmn launches IPO www.montsame.mn

Ulaanbaatar /MONTSAME/ LendMN, the first pintech of Mongolian financial sector that based on artificial mind officially announced the launch of its IPO, holding bell ceremony on February 21 at the Mongolian Stock Exchange (MSE).

LendMN Company plans to raise MNT 5 billion from the market, selling 25 percent of its outstanding shares at MNT25 per share. The company expects to attract MNT 2.5 billion from strategic investors, anothet MNT 2.5 billion from the public.

LendMN Company was officially launched its operation in 2017, offering micro credit on consumption with amount of MNT 50 thousand to MNT 1 million to customers through mobile application without collateral and in short time. Currently, the company granted MNT 16.7 billion loan. Through lendmn application, customer’s number reached 30 thousand and 5-6 thousand customers are being newly registered monthly. Loan repayment is 98 percent and poor loan quality makes up 0.8 percent now. The company plans to issue MNT 196 billion loan to 59 thousand customers in 2018.

LendMN is the 18th IPO of the MSE and the first non-banking financial institution which is launching IPO on the MSE.

Primary market order of the LendMN Company will close at 1PM, on March 13.

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