1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      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     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

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

NEWS

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Mongolia launches hotline for foreign tourists www.xinhuanet.com

ULAN BATOR, June 3 (Xinhua) -- Mongolia launched a hotline service Sunday for foreign visitors to the country that will provide tourist information and help in emergencies.

According to the country's tourism department, the new hotline with the number of (+976) 70108687 will provide information on popular destinations and ongoing events across the country.

Moreover, tourists can call the number to ask for help and instructions when dealing with security issues or to complain about tourism services.

This service is part of efforts to develop Mongolia's tourism in a bid to diversify its mining-dependent economy.

The landlocked East Asian country has declared 2018 as a tourism year.

In the first quarter of 2018, the country saw 705,000 foreign tourists, up 11 percent from the same period last year, according to the National Statistical Office of Mongolia.

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S. Korea, China agree to double-track key Incheon-Mongolia air corridor www.english.yonhapnews.co.kr

SEOUL, June 3 (Yonhap) -- South Korea and China agreed to double-track a key air corridor between Incheon and Mongolia with the aim of greatly reducing flight delays in order to benefit travelers, the government said Sunday.

The Ministry of Land, Infrastructure and Transport said the agreement was reached at a working level meeting in Seoul, with the change to be implemented by the end of the year.

The double-tracking will cover the 1,700 kilometers of the airway that is used by planes flying mostly to Mongolia, the Middle East, Russia and Europe from East Asia.

The ministry said one-way traffic will be observed to improve the flow of planes and flight safety.

In 2016 some 150,000 planes used the route, up from 128,000 in 2014.

Aviation experts said that due to the large number of planes on the route and the need to maintain safe distance between each jet, delays in flights from Incheon International Airport are very common. There were 1,344 flights that were delayed for more than an hour in 2016 due to congestion on the airway.

The ministry said that the decision to double-track the route can help 144,000 flights per year, with some 37 percent of the flights being South Korean flag carriers.

Seoul has been engaged in talks with Beijing on the issues since 2010 with the latest decision coming on the heels of a pact to double-track air routes to Southeast Asia.

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Mongolia listing boosts investors confidence in Erdene Resource www.mining.com

Shares in Canada’s Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia’s ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner announced it had received approval for a secondary listing on the Mongolian Stock Exchange (MSE).

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

The Canadian miner has also launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.
The company’s stock was up 4.7% to 34 Canadian cents by 10:25 a.m. ET, , still a long way off from the Cdn$1.35 they closed at in May last year.

“Today’s news is the result of close and productive collaboration with the Mongolian Stock Exchange, the Financial Regulatory Commission of Mongolia, and the Government of Mongolia through active support from the Ministry of Mining and Heavy Industry,” Peter Akerley, President and CEO of Erdene, said in the statement. “Our cross listing on both a foreign exchange and the MSE, the first of its kind in Mongolia, is a demonstration of our commitment to creating lasting benefits in [the country].”

He added the company believed the MSE listing would increase opportunities for Mongolians to benefit from the development of their nation’s mineral endowment.

Erdene plans to sell 4,000,000 common shares at a price of 34 Canadian cents per share for gross proceeds of Cdn$1.36 million.

The underwriters of the offering will receive a cash commission equal to 7% of the gross proceeds raised, Erdene said. In addition, Erdene will sell up to 8,000,000 units at a price of 38 Canadian cents each for gross proceeds of up to $3.04 million.

The transactions are expected to close on or before June 14, 2018, and are subject to certain conditions, including the receipt of all necessary approvals.

Mongolia’s mineral wealth has drawn several firms in the past two decades as it opened up to investment. The country’s main appeal has always been its riches — vast deposits of copper, coal and iron ore— as well as its proximity to China, the world’s biggest buyer of the minerals.

The enthusiasm peaked in 2011, when the land-locked nation’s economy grew 17% — the fastest pace on the planet. It went downhill since, with a slight recovery in the past two years as the country stepped up efforts to attract international investors, who can provide foreign direct investment to help Mongolia to meet the terms of its IMF bailout deal.

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Mongolia bans civil servants from using social network sites at work www.xinhuanet.com

A Mongolian ban targeting civil servants on the use of social network sites including Facebook, Twitter and Youtube while at work has come into force, according to the government on Wednesday.

The government’s decision was made on May 23 and took effect Tuesday.

It is intended to prevent cyber attacks and to ensure the safety of government information networks, according to a statement released by the Communications and Information Technology Authority.

Mongolia’s General Intelligence Agency will help monitor the ban’s implementation.

NAN reports that on March 9, 2016, government workers in Tanzania were banned from using social media and chat apps during work hours.

Transport and communication ministry officials have been warned that “gossiping” on social media will lead to dismissal.

It is not clear how the ban will be enforced amidst increasing social media popularity.

The minister told the BBC’s Halima Nyanza that social media use was interfering with Tanzania’s development.

Cheap phone data bundles are enabling wider use of platforms like WhatsApp, Facebook and Twitter in Tanzania.

(Xinhua/NAN)

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Vegetable storage complex to be constructed in Ulaanbaatar www.news.mn

The Mongolian Cabinet has decided to continue the ‘Cultivation Campaign III’ programme in its 2016-2020 action plan. As a part of the campaign, the Ministry of Food, Agriculture and Light Industries is working to construct a vegetable storage complex which is much needed in the city, where summer temperatures can rise to above 30deg C and keeping produce fresh is difficult.

The 30,000 thousand tonne capacity facility will be constructed in Songinokhairkhan District of Ulaanbaatar. It is expected to open by 2020 and will create 200 new jobs as well as having positive value chain economic benefits for wholesalers and retailers alike.

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Mongolian Parliament holds secret session on SCO status www.news.mn

The Mongolian Parliament has held an irregular meeting regarding the nation's status in the Shanghai Cooperation Organisation (SCO). The meeting took place behind closed doors on Wednesday 30 May. President Kh.Battulga and Prime Minister U.Khurelsukh both participated in the session.

At the meeting, the MPs discussed Mongolian Foreign Policy and the need to join the Eurasian Economic Union.

To date, Mongolia has not shown much interest in becoming a full member of the SCO, although it has been an observer since 2004.

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Cabinet approves list of projects to be financed by Chinese soft loan www.montsame.mn

Ulaanbaatar /MONTSAME/ At its regular meeting on May 30, the Cabinet approved a list of projects to be implemented with the financing of the Chinese government's soft loan of USD 1.0 billion.

Following projects will be realized with the soft loan :
- Project on constructing electric power transmission lines and sub-station between Ulaanbaatar and Mandalgobi’
- Project on reconstruction of Erdenet thermal power plant
- Construction of new wastewater treatment plant
- Construction of 20.9km road from Gachuurt intersection to Nalaikh-Choir intersection
- Construction of meat-processing plant and quarantine facility
- Project on developing area of Tuul and Selbe rivers
- Project on setting surveillance cameras in streets of Ulaanbaatar city and aimag centers
- Project on building tunnel
- Project on improving access, quality and control of communication sector

Moreover, the Government decided to put proposal to Chinese side on implementing ‘Hydro Power Plant in Erdeneburen soum’ project. The Mongolian Parliament approved the general agreement on utilization of USD1 billion loan from the Chinese Government in November 2015.

E.Altanzul

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Cabinet supports draft resolution on State Policy on Railway Transport www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular meeting on May 30, the Cabinet discussed and supported to submit a draft resolution on the State Policy on Railway Transport to the Parliament.

If the Parliament approves the draft resolution, railroads with length of 280km en route Zuunbayan-Khangi and 780 km en route Erdenet-Artssuuri will be built. It is expected that new railways will increase competence of export of raw materials and products, and make significant contribution to the economy.

Although iron ore will be mainly transported through Zuunbayan-Khangi railway, it is also possible to transport coaking coal, copper concentrate, construction materials and metal products.

Erdenet-Artssuuri railway will be connected to the Kyzyl-Kuragin railway of the Tuva Republic of the Russian Federation. By doing so, a new transit transport corridor that connects Europe and Asia will be established, allowing Mongolia to reach the third market and sea ports, using railway trasport network of the two neighboring countries. 
E.Altanzul

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Investment Protection Council holds its regular meeting www.montsame.mn

Ulaanbaatar/MONTSAME/ The Investment Protection Council of the Government of Mongolia organized its regular meeting on May 30.

The regular meeting was attended by representatives of member companies of the Board of the Project Management Institute Mongolia Chapter (PMIMC).

Present at the meeting were B.Bat-Erdene, deputy head of the Cabinet Secretariat and deputy chief of the Investment Protection Council (IPC), Kh.Bulgantuya, deputy Minister of Finance and member of the IPC and other officials.

At the meeting, B.Bat-Erdene introduced about the reform of government participation in private sector’s activities, measures to improve capacity of personnel and roles of project managers in solving pressing issues in economy.

“It is ready to function permanently the Public and the Private Sector’s Consultative Body, which operates under the IPC and is responsible to provide related information to the IPC before formulating any legal document on any investment-related laws and regulations. Also, it makes sure that no mutual interest is being violated and to advice on each legal issue for the Investment Protection Council.” He also added that it is willing to cooperate in implementing large projects and programs that can contribute to national development.

During the meeting, businessmen inquired about current taxation, mining and privatization and emphasized an importance of stable legal environment and attraction of foreign investment.

PMI Chapter, founded in 1969 and centered in Pennsylvania, has over 500 thousand members of 185 countries and conducts operations in mega projects and programs and portfolio management.

PMIMC, official branch of the Global PMI, is a non-profit organization, dedicated to advancing the practice, science, and profession of project management in a conscious and proactive manner. Its members include authorities of Mongolia’s TOP companies, such as of KHAN Bank, Erdenes Mongol LLC, IT Zone, Forbes, the Development Bank of Mongolia, Bloomberg Mongolia, Golomt Bank, Newcom Group, APU Company, Trade and Development Bank, Xac Bank, MCS Group as well as others.
M.Unurzul

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"Open to export" WTO & ICC International Business Award (ANNOUNCEMENT)

We are delighted to inform you about a UK-led world initiative in the area of international trade.

The 'Open to Export International Business Awards' are an initiative launched with the support of the World Trade Organisation(WTO), the International Chamber of Commerce (ICC), and the UK's very own Institute of Export & International Trade(IOE&IT).

Through the competition we're trying to drive the 'Global Britain' agenda, making the UK visible as a driving force in internationaltrade - in this case, particularly among SMEs.

The International Business Awards are a great opportunity for SMEs in the country you're based in - British or national - to win$5000 towards their export plans using the 'Export Action Plan' online tool on Open to Export - a site founded by DIT and now run by the IOE&IT.

https://opentoexport.com/international-business-awards/

Companies have until August 10th to enter, and 10 shortlisted finalists will then pitch their businesses to the international media, international government officials, and global business leaders at the WTO Public Forum in Geneva in October.

We would be delighted if you could share this opportunity with the businesses you work with.

Or, if you could point in this the direction to organisations in your country or region who would be interested in promoting the competition we would be greatly thankful.

Attached are an infographic and press release to help you to promote it to your followings - on social media and on your website. Recommended tweets in several languages are also below.

Best wishes from London,

William

William Barns-Graham | Digital Content Manager, Open to Export

T: +44 (0)7810520655 | E: william.barns-graham@opentoexport.com

https://www.youtube.com/watch?v=xfQ64b0bud8

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