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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Brexit: Business leaders call for swift transition deal www.bbc.com

Britain's five biggest business lobby groups are calling for an urgent Brexit transition deal, or they warn the UK risks losing jobs and investment.

In a joint letter being sent to Brexit Secretary David Davis, the groups, including the Institute of Directors and CBI, will say time is running out.
Sources told the BBC the letter is still in draft form, but will be sent in the next day or two.
A government spokesman said the talks were "making real, tangible progress".
The other lobby groups backing the letter are the British Chambers of Commerce, the Federation of Small Businesses, and the EEF manufacturing body.
Together they represent companies employing millions of workers.
More concessions
There has been a growing anxiety among businesses at what they see as a lack of progress in the Brexit negotiations.
One of the five groups told the BBC it was felt a joint letter would "emphasise our wish for a deal and clarity".
They say it is important that the Brexit transition period matches as closely as possible current trading arrangements with the EU.
Theresa May has suggested a period of about two years, with the UK and EU trading on broadly similar terms to now and payments to Brussels to meet Britain's budget commitments.
But although EU negotiators have agreed to start preliminary work on a future relationship, they still want more concessions on the UK's so-called "divorce payment" before starting talks on trade and transition.
Sky News and the Guardian reported they had seen the draft letter, which says an agreement on a transition "is needed as soon as possible, as companies are preparing to make serious decisions at the start of 2018, which will have consequences for jobs and investment in the UK".
The letter reportedly adds: "It is vital that companies only have to undertake one adjustment as a result of the UK's withdrawal, not two - and that businesses, the UK government and authorities in the EU have enough time to make the changes needed to deliver Brexit successfully."
The BBC understands that the business groups want the contents of the letter to remain private.
Concern about the loss of UK jobs and investment was underlined last week when the boss of investment banking giant Goldman Sachs, Lloyd Blankfein, tweeted that he will be "spending a lot more time" in Frankfurt.
Goldman, which employs about 6,000 people in London, is building up its presence in the German financial city ahead of Brexit.
Earlier this month, the deputy governor of the Bank of England, Sam Woods, warned that the UK and the EU must agree a transition deal by Christmas or companies would start triggering contingency plans.
And in a survey released on Monday, the EEF said that Brexit uncertainty was holding back the plans of manufacturing firms to invest in new plant and machinery.
The EEF said the outlook for investment among its members was "finely balanced", with 51% intending to spend more in the next two years. For the rest, uncertainty over the UK's exit from the EU was holding back planned spending.
'Deeply technical'
Mr Davis is due to travel to Paris for Brexit talks on Monday after France appeared to emerge as the most hardline EU member state when it comes to the divorce bill.
The prime minister is also due to update the Commons on Monday on the progress made during last week's summit of EU leaders in Brussels.
It is thought that Mrs May will say that negotiations are "deeply technical", but she has not forgotten that the lives of millions of people are at the heart of the process.
A spokesman for the Department for Exiting the European Union said the prime minister proposed a strictly time-limited implementation period in her Florence speech and had been clear that agreeing this principle early in the process would minimise unnecessary disruption to businesses.
He said: "We are making real and tangible progress in a number of vital areas in negotiations. However, many of the issues that remain are linked to the discussions we need to have on our future relationship.
"That is why we are pleased that the EU has now agreed to start internal preparatory discussions on the framework for transitional arrangements as well as our future partnership."

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Mongolian political parties influence economic outcomes www.news.mn

While true that Mongolia’s economy is heavily dependent on fluctuating coal and copper prices, it is also true that the country’s political parties increasingly influence economic outcomes.

According to The Asia Foundation’s annual survey on perceptions of corruption in Mongolia, in 2010, political parties ranked fifth on a list of the 16 most corrupt entities. By 2017, political parties had reached second place, just behind the Land Affairs Authority.

The findings point to a worrying trend: as the amount of money needed to win an election increases, political parties are looking to “secret, private” donors, giving rise to questions of transparency and fairness in the electoral process. Economists argue that if this pattern continues, it will negatively affect Mongolia’s investment patterns and economic performance.

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How to Help People in Mongolia: Organizations on the Ground www.borgenproject.org

27 years after the revolution that would lead the Mongolia to a democratic form of government, the country faces social and economic issues that have yet to be resolved. Mongolia’s current poverty issues are mostly connected to its climate and natural disasters such as severe snow storms over the winter and droughts during the summer. The characteristic nomadic way of living is slowly fading because of how animals, as well as their owners, are gravely affected by such climate conditions.

As a country whose economy relies on agriculture and cattle raising, such natural impacts destroy Mongolia’s economy from the root. Thus, Mongolia’s poverty is higher in the rural areas than in major cities.

The Red Cross has been successfully helping Mongolia’s population during the “dzud,” a natural disaster seen only in Mongolia that is distinguished by its severe low temperatures. 2010 was the culminating point, when eight million animals were killed by the natural phenomenon.

By working hand in hand with families within the affected communities, the Red Cross has provided supplies, shelter, physical and emotional support throughout 17 different provinces across Mongolia.

But the different ways of how to help people in Mongolia encompass more than the effects of extreme weather, and therefore have to be tackled with a variety of concepts and strategies.

The United Nations has been working with Mongolia and its citizens to develop an integrated national system as well as macroeconomic plans, which were previously lacking. These strategies have decreased unemployment and reduced poverty due to their economic impact in the country.

The organization People in Need have been working with the country of Mongolia for decades. The NGO ensures access to healthcare for habitants in remote locations, distributes food around the country and helps rebuild rural areas after harsh weather events, among other forms of aid.

How to help people in Mongolia is a question with a simple answer. Creating and spreading awareness is key, and the companies mentioned above and many more are successfully doing this every day. There is hope for Mongolia.

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Mongolian poverty rate estimated at nearly 30 pct www.news.xinhuanet.com

ULAN BATOR, Oct. 19 (Xinhua) -- Nearly one in three Mongolians were living in poverty in 2016, according to a report released on Thursday.

The report, titled "Poverty Situation -- 2016" and released by Mongolia's National Statistical Office and the World Bank, found that the poverty rate increased by eight percentage points from that of 2014 to hit 29.6 percent.
It means that nearly a million Mongolians out of a population of 3 million were living in poverty.
Mongolia's economic growth has been slowing in recent years. Growth was 7.9 percent in 2014 but fell to 1.2 percent last year.

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Mongolian sovereign bond repayment plan in 2018 www.news.mn

In January 2018, Mongolia is expecting to repay the 'Chinggis' sovereign bond of USD 500 million and the DIM Fund’s bond of USD 160 million in May. According to former Finance Minister B.Choijilsuren, Mongolia will be able to repay bonds on time. He said, ‘we have created the financial situation which can make the repayment of the two bonds valuing a total of USD 660 million possible before the new cabinet begins operation’.

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Vnesheconombank finances agricultural equipment exports to Mongolia www.veb.ru

Vnesheconombank has provided financing for a project to supply Russian manufactured agricultural machinery to Mongolia within a USD10m facility granted to Development Bank of Mongolia.

The export project brings together seven Russian agri-machinery manufacturers: Combine Plant Rostselmash LLC, JSC Clever, JSC Buzuluk Heavy Engineering Plant, Voronezhselmash LLC, Kazanselmash LLC, Basis LLC, Omskagroservis LLC.

According to Nikolay Tsekhomsky, Vnesheconombank First Deputy Chairman - Member of the Board, the deal marks the continuation of successful cooperation between Vnesheconombank and Development Bank of Mongolia, paving the way for Russian exporters to Mongolian market and for Mongolian partners - to Russian equipment supplies on favourable terms using export credit funding.

Vnesheconombank and Development Bank of Mongolia are now considering the possibility of joint implementation of other high-potential Russian export projects in Mongolia.

Development Bank of Mongolia was founded in 2011 by Order of the Mongolian Government. The bank’s sole shareholder is the Mongolian Government. The activity of the bank is governed by the Development Bank Act. The bank specializes in financing projects with positive commercial and social impact. The bank’s consolidated assets as at 30.06.2017 amounted to USD129.3m, with equity capital of USD431m and 2Q2017 income of USD43.4m.

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Mongolia forms new government www.news.xinhuanet.com

ULAN BATOR, Oct. 19 (Xinhua) Mongolia formed a new government, led by Prime Minister Khurelsukh Ukhnaa, on Thursday after two days of parliamentary discussions.

The new cabinet is expected to tackle challenges of reducing poverty, recovering the economy, developing the country's mining industry and attracting foreign investments.
It is faced with heavy external and internal debts amounting to over 73 percent of the gross domestic product of the landlocked east Asian country.
The parliament confirmed Ukhnaa's appointment on Oct. 4. It dismissed in early September the former government led by Jargaltulga Erdenebat, who was allegedly violating parliamentary procedures by granting contracts to companies linked to three cabinet members.
On the cabinet list, Enkhtuvshin Ulzisaikhan is appointed as deputy prime minister, Zandanshatar Gombojav as head of the cabinet secretariat, Enkhbold Nyamaa as defense minister, Tsogtbaatar Damdin as foreign minister, Khurelbaatar Chimed as finance minister, Sumiyabazar Dolgorsuren as mining and heavy industry minister, Batzorig Batjargal as food, agriculture and light industry minister, Nyamdorj Tsend as justice and home affairs minister, and Davaasuren Tserenpil as energy minister.

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Elementary school children learn about Mongolia www3.nhk.or.jp

Elementary school children in Gosen City, Niigata Prefecture, have had an opportunity to learn about Mongolia. The city will host athletes from the central Asian nation during the 2020 Tokyo Olympics and Paralympics.

97 elementary school students in the city attended a special class on Wednesday given by Khurelbaatar Indra. She is a Mongolian who promotes international cultural exchanges in the prefecture.

The children learned about a Mongolian game, which is played by shooting sheep bones with the fingers. They also listened to a "morin khuur." It is a traditional stringed musical instrument.

During lunchtime, the children enjoyed 3 Mongolian dishes. One of them, stir-fried rice, is commonly served at home in the country.

Indra said she is happy to see exchanges between the prefecture and Mongolia developing further.

Gosen City receives Mongolian students every year. They participate in an exchange program and stay with local families. Gosen was chosen to be one of the host cities for Mongolian Olympic athletes during the upcoming summer games.

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October 19, 2017 trading report www.mse.mn

On October 19, 2017, 136,396 shares of 26 firms listed as Tier I, II, and III were traded. 13 firms’ shares increased in price, 9 decreased and 4 remained unchanged. Monnoos JSC /MNS/ was the top performer, increasing 12.16 percent, whereas Ar Bayarkhangai JSC /ABH/ was the worst performer, decreasing 12.00 percent.

On the secondary market for government securities, 1,584 bonds worth MNT158.2 million were traded.

The MSE ALL Index rose 0.18 percent to stand at 1,167.92 . The MSE market cap stands at MNT 2,287,585,337,317.

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Recession in Russia over & economy moving to growth - World Bank www.rt.com

The Russian economy has overcome the recession and returned to moderate growth this year, according to the latest report from the World Bank.

“The countries of Central Europe and the western part of the Balkan Peninsula continue to record steady GDP growth, while Russia and Belarus have emerged from the recession,” said the bank in its report on European and Central Asian economies.
It explained the Russian economy was supported by higher oil prices and macro stabilization.

The World Bank forecasts the economy will grow by 1.7 percent this year and next, and by 1.8 percent in 2019.

Alexey Druzginin / Anton Denisov / Russian Presidential Press OfficeRussian economy to grow steadily in next 5 years, but has capacity for more – IMF
"The medium-term growth forecast for Russia has slightly improved after a faster-than-expected recovery in demand on the domestic market and due to higher exports,” said the report.

“Structural reforms are required for the improvement of the Russian economy’s long-term growth.”

The bank’s experts have attributed economic risks to "low oil prices and the possible negative consequences” of the expansion of anti-Russian sanctions.

Last week, the International Monetary Fund (IMF) raised its forecast for Russia's 2017 GDP growth to 1.8 percent from its previous estimate of 1.4 percent. The IMF sees next year’s growth at 1.6 percent.

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