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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The 55th anniversary of UK-Mongolia diplomatic relations to be concluded with train journey www.montsame.mn

British Embassy in Mongolia planned technology and education promotion events within the conclusion of the 55th anniversary of the establishment of diplomatic relations between the two countries.

In addition to the events in Darkhan-Uul and Orkhon aimags, the embassy officials will meet with the authorities of Selenge aimag and farmers of British cattle breeds. Team of the Zoological Society of London implementing the ‘Restricting illegal trade of plants and wildlife project’ jointly with the General Customs Administration of Mongolia will hold a meeting.

“We are delighted to conclude the 55th anniversary celebration in the local area. Through the events, we will be able to introduce British technologies to the mining sector of Mongolia and provide detailed information on opportunities to study in the UK, global leader in education sector. Moreover, I am hopeful that the train decorated with flags of the countries as a symbol of bilateral friendly relations will represent the developing innovative relations with Mongolia,” noted Ambassador Extraordinary and Plenipotentiary of the UK to Mongolia Mr. Phillip Malone.

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8000 citizens to be involved in check-ups for tuberculosis www.montsame.mn

Ulaanbaatar /MONTSAME/ Governor of Bayanzurkh district T.Bayasakh yesterday received representatives of the Korean National Tuberculosis Association (KNTA).

Since 2017, the district has started implementing a project on early detection of tuberculosis (TB) in collaboration with KNTA. Therefore, the sides exchanged views on progress and outcomes of the project, encountering issues and its solutions.

In the frameworks of the project, 116 out of total 15.548 people, who were involved in TB prevention and early detection, were diagnosed with TB and received physician supervision. This year, they plan to involve 8000 citizens in check-up for early detection of TB.

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Parliament to discuss tax package next month www.zgm.mn

The Parliament is expected to discuss the package bills on taxes during the Spring session. Accordingly, the Ministry of Finance, General Tax Office, Mongolian National Chamber of Commerce and Industry (MNCCI), Confederation of Mongolian Trade Unions, and business representatives held a discussion on the package bills yesterday. At the meeting, MP Battumur Baagaa informed that the Parliament is planning to call an irregular session to discuss the bill next month.

Lkhagvajav Baatarjav, President of the MNCCI, addressed, “Business representatives held long discussions with the Ministry of Finance on the package bills. We believe that these laws are well-prepared for setting the foundation of a good tax system.”

Minister of Finance Khurelbaatar Chimed highlighted that the key changes in the package bills are the extension of the tax payment period from two months to 24 months, instant repayment of overpaid taxes, the improved authority of tax officials, prevention of investigation on no-risk taxpayers, annulment of the prescription period on tax evasions, and improved accountability of tax authorities.

“Within the frames of the bill, the Government will hold policy to support fair and responsible taxpayers and cut the costs of deductibles. We will take firm actions against tax evasions, avoidance, and unfair taxpayers, collecting full taxes in accordance with the law,” noted Mr. Khurelbaatar. The bill sets a fixed tax rate of 10 percent and entities with an annual income of MNT 50 million or lower will pay 1 percent tax and are required to submit a single financial report throughout the year. While the entities with an annual income of MNT 3 billion or lower are required to submit half-annual reports, the high-income firms are required to submit quarterly reports.

Key changes in the Corporate Income Tax include a reduction of 20 percent tax on the outbound transfer of income to 15 percent, 20 percent deductibles on dividends to foreigners to 5 percent, and 10 percent tax on bank-based financial sourcing to 5 percent.

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Mongolia to hold disaster preparedness training in April www.xinhuanet.com

ULAN BATOR, Feb. 18 (Xinhua) -- Mongolia will hold a major training on disaster preparedness and response in its capital city on April 24-26, the country's National Emergency Management Agency (NEMA) announced on Monday.

"Natural disasters pose a common challenge to many countries in the world. People must be made aware of what natural disasters they are likely to face in their own communities," Batmunkh Uuganbayar, deputy head of NEMA, told a press conference, adding that the training aims to improve public awareness on disaster preparedness and response.

The scenario of training will be a strong earthquake hitting the capital city, Uuganbayar said, noting that all residents and organizations of Ulan Bator must attend the training.

During the training, the Mongolian capital will close its roads off to all vehicles, he said.

The training includes emergency evacuation drills, workshops on how to protect oneself and one's family and how to send accurate information to the public during a natural disaster.

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Hundreds Sickened in Mongolia After Eating at Local KFC Restaurant www.bloomberg.com

Forty-two people in Mongolia were hospitalized and hundreds showed symptoms of illness from contaminated water and soda that health authorities linked to a KFC restaurant in Ulaanbaatar.

Authorities from the Metropolitan Professional Inspection Agency said the local license holder of the KFC franchise, Tavan Bogd, was responsible for the 247 cases of diarrhea, vomiting and fever reported this month. Officials said they found serious violations in health standards and a failure in internal hygiene controls. Lab tests detected bacteria in the drinking water and E. coli in soda.

Yum! Brands Inc., which oversees the franchise, said KFC Mongolia is cooperating with the government’s investigation.

“There is nothing more important to KFC than the health and safety of our customers,” the company said in an emailed statement. “We deeply regret the negative impact that many people have suffered.”

Tavan Bogd, which also holds rights to Yum’s Pizza Hut chain of restaurants in Mongolia, did not immediately respond for a comment.

Tavan Bogd Group launched its first KFC location in 2013, under its subsidiary Tavan Bogd Foods, and has since expanded to more than 10 locations in the capital city.

— With assistance by Daniela Wei

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Iran expecting China, Mongolia to join UNESCO-registered Noruz www.tehrantimes.com

In December 2016, Iran and 11 other countries registered Noruz as a common tradition.

The Iranian National Commission for UNESCO in a press release suggested that China and Mongolia may possibly join Noruz that is inscribed on the Representative List of the Intangible Cultural Heritage of UNESCO, Mehr reported on Monday.

Noruz, which usually falls on March 21st every year, marks the beginning of spring across a vast geographical area encircling Iran. It was registered as a deep-rooted tradition being practiced in Iran, Azerbaijan, India, Kyrgyzstan, Pakistan, Turkey, Uzbekistan, Kazakhstan, Afghanistan, Turkmenistan, Tajikistan, and Iraq.

Tehran’s Milad Tower is to host an international ceremony in honor of Noruz on February 28, the report said.

Noruz was ratified during the 11th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, held in Addis Ababa, Ethiopia.

The feast was initially registered on the UNESCO List of the Intangible Cultural Heritage of Humanity in 2009, as a common tradition for Iran, Azerbaijan, India, Kyrgyzstan, Pakistan, Turkey, and Uzbekistan. However, the five other countries put in requests officially to be added to the list during a meeting held in Tehran in January 2014.

According to the UNESCO, Noruz promotes the values of peace and solidarity between generations and within families, as well as reconciliation and neighborliness, thus contributing to cultural diversity and friendship among peoples and various communities.

Traditions that are practiced in Noruz vary from place to place, ranging from leaping over fires and streams in Iran to tightrope walking, lighting candles at house doors, traditional games such as horse racing or the traditional wrestling practiced in Kyrgyzstan.

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DBM Bond selected as Asia’s best deal www.montsame.mn

Ulaanbaatar /MONTSAME/. The Development Bank of Mongolia bond, which has no government guarantee, has been selected as one of Asia’s best deals on February 13.

The USD 500 million bond was successfully traded in the global market on October 16, 2018. As the bond had no government guarantee, it set a model interest rate for other creditors in Mongolia.

An offer of USD 4.1 billion--8 times more than the amount they put forward, was first received by the DBM. Analysts speculate that the high demand was due to the measures that were taken by the Government of Mongolia and the DBM in enhancing the relationship with foreign investors. Thus, despite the instability in the global market, he oversubscription allowed for a final pricing of 75 basis points inside the initial guidance. The 5-year notes carry a coupon of 7.25 percent, proving that the ideal environment for both the government and privately owned companies has been created, restoring investors’ trust.

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Mongolia exports 2.3 million tons of coal to China since 2019 www.montsame.mn

Ulaanbaatar /MONTSAME/ Since the beginning of 2019, Mongolia has exported a total of 2.3 million tons of coal to People’s Republic of China through five border check-points namely Zamyn- Uud, Yarant, Khangi, Gashuunsukhait and Shiveekhuren.

The export income of 2.3 million tons of coal totaled USD 190 million and the Customs organization accumulated MNT 3.53 billion to the State budget.

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Japanese funded solar power plant to be built in Khovd aimag www.montsame.mn

Khovd /MONTSAME/ With the financing of the World Bank, a solar power plant with a capacity of 10mWt is to be built in Khovd. Moreover, Japanese LOOP LLC is conducting a feasibility study to build another 10 mWt solar power plant with its own funding.

In this light, the Deputy Governor of Khovd aimag, Chairman of the Energy Regulatory Commission of the aimag T.Jargalsaikhan, and Head of the Governor’s Office of Khovd aimag D.Enkhbold received the delegates of LOOP LLC last week, where the authorities of Khovd aimag expressed that the aimag is ready to fully support the construction work of new renewable energy project.

LOOP LLC of Japan is an experienced company which is running sustainable operation in the renewable energy sector in recent years. Since 2011, the company has constructed more than 2000 solar power plants with a capacity of 250 MW.

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America's fight with Huawei is messing with the world's 5G plans www.cnn.com

SHANGHAI, CHINA - SEPTEMBER 17: Alibaba Chairman Jack Ma speaks during the opening ceremony of the 2018 World Artificial Intelligence Conference at West Bund on September 17, 2018 in Shanghai, China. The 2018 World Artificial Intelligence Conference is held on September 17-19 in Shanghai. (Photo by Zhao Yun/VCG via Getty Images)
How Jack Ma changed China
A customer displays the Hema application on a Huawei Technologies Co. smartphone while shopping at an Alibaba Group Holding Ltd. Hema Store in Shanghai, China, on Tuesday, Sept. 12, 2017. Hema stores are one-stop shops where users can pay with their mobile app, get recommendations by scanning product bar codes, and have seafood cooked on the spot, and also serving as last-mile delivery fulfillment centers, where goods get to buyers within 30 minutes. Photographer: Qilai Shen/Bloomberg via Getty Images
You need an app to shop in Alibaba's grocery stores
to allow Huawei equipment into new superfast 5G networks because it claims the gear could be used by the Chinese government for spying.
Huawei strongly denies the accusations. And it has already built up such a strong lead in 5G technology that it's practically irreplaceable for many wireless carriers that want to be among the first to offer the new services.
The US is stepping up pressure on Europe to ditch Huawei
The US is stepping up pressure on Europe to ditch Huawei
"Banning Huawei will create a vacuum that no one can fill in a timely fashion and may seriously impair 5G deployments worldwide," said Stéphane Téral, a mobile telecom infrastructure expert at research firm IHS Markit. The uncertainty is particularly problematic for Europe, where Huawei was expected to play a key role in building 5G networks that the region's leaders say are vital for its economic future.
The international rollout of 5G has become a front line in the broader clash over advanced technology between the United States and China that is reshaping the relationship between the world's top two economies.
The United States doesn't have a heavyweight global competitor to Huawei in telecommunications equipment. The Chinese firm's biggest rivals are Ericsson (ERIC) of Sweden and Nokia (NOK) of Finland. But they have struggled for years with losses and job cuts while Huawei has powered ahead, generating annual revenue of more than $100 billion, building a strong base in China and amassing intellectual property that will help determine the future of 5G.
ernational mobile operators are warning that by shutting Huawei out of 5G networks, countries risk undermining their own tech capabilities. The new wave of wireless communications is expected to increase internet speeds as much as 100 times compared with 4G networks, and help power emerging technologies like smart cities and connected vehicles.
Vodafone's (VOD) CEO Nick Read cautioned last month that a complete ban on all Huawei gear would substantially delay the availability of 5G. The mobile carrier has suspended the installation of the Chinese company's equipment in core networks in Europe while it speaks with authorities and the company.
In August, Vodafone slammed the Australian government's decision to ban Huawei from providing 5G technology for networks there, saying the move "fundamentally undermines Australia's 5G future."
UK telecom group BT's chief architect, Neil McRae, put the situation in stark terms late last year.
"There is only one true 5G supplier right now, and that is Huawei," he said at an industry event in London. "The others need to catch up."

BT (BT) said in December that it won't include Huawei equipment in the heart of its planned 5G network, but will continue to use it for areas that are considered "benign," like the radio masts that connect wireless devices with the core network.
The head of BT's consumer brands told CNN Business last week that Huawei had given him no "cause for concern" over the years.
But British officials have security concerns, and Huawei has promised to spend $2 billion to address them. In a letter last month to UK lawmakers, the Chinese company warned that the process will take three to five years to have tangible results, likening it to "replacing components on a high-speed train in motion."
The situation should have Ericsson and Nokia cheering, but experts say the two companies may not be very well positioned to capitalize on Huawei's difficulties.
"It goes without saying that other leading vendors stand to benefit in the short-term," according to analysts at Dell'Oro Group, a market research firm that specializes in telecoms infrastructure analysis.
Ericsson and Nokia both declined to comment on their competitors. Instead, they touted their advancements on 5G in statements to CNN Business.
Nokia claims it holds "the industry's only end-to-end 5G portfolio that is available globally," while Ericsson said it has publicly announced more 5G contracts with operators "than any other vendor."

 
 
 
 
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