1 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      2 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      3 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      4 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      5 BIOGRAPHY OF TAVAN TOLGOI RESIDUAL COAL DEPOSITS WWW.ZGM.MN PUBLISHED:2018/07/16      6 NAGOYA BASHO LOSES LAST OF THREE YOKOZUNAS WWW.MONTSAME.MN PUBLISHED:2018/07/16      7 CHINA'S GDP HITS 6.7% IN Q2 OF 2018 WWW.CHINADAILY.COM.CN PUBLISHED:2018/07/16      8 US-CHINA TRADE WAR DIMS BRIGHT FUTURE FOR SEMICONDUCTORS WWW.ASIA.NIKKEI.COM PUBLISHED:2018/07/16      9 RIGHTS GROUPS URGE BETTER TREATMENT FOR MONGOLIA CHILD JOCKEYS WWW.REUTERS.COM PUBLISHED:2018/07/16      10 TPP CHIEF NEGOTIATORS TO MEET IN JAPAN WWW.NHK.OR.JP PUBLISHED:2018/07/16      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     1,5-2 САЯ ТӨГРӨГИЙН ЦАЛИНТАЙ ЖОЛООЧИЙН АЖЛЫН БАЙРНЫ БҮРТГЭЛ ЭХЭЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2018/07/16     ОЛОН МЯНГАН НИСЭХ ОНГОЦ ШИНЭЭР ҮЙЛДВЭРЛЭХ ШААРДЛАГАТАЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     КРИПТОВАЛЮТЫН ТАЛААРХ ХОРООНЫ БАЙР СУУРЬ ХЭВЭЭРЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/16     ОРОСЫН ЭДИЙН ЗАСГИЙН ӨСӨЛТӨД ДАШТ-2018 НӨЛӨӨЛӨХ НЬ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/16     ЗҮҮН ӨМНӨД АЗИ ХАНШАА ХАМГААЛЖ ЭХЛЭВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/16     АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРААС 400 ГАРУЙ САЯ ДОЛЛАР ОЛЖЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/16     МОНГОЛЫН ЭДИЙН ЗАСГИЙН БҮТЭЦ ЭМЗЭГ ХЭВЭЭР БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/10     МОНГОЛ, ВЬЕТНАМЫН ГАДААД ХАРИЛЦААНЫ ЯАМ ХООРОНДЫН ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/10    

Events

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

NEWS

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Facebook has developed a low-energy Bluetooth module for a mystery hardware device www.businessinsider.com

Facebook has designed a low-energy Bluetooth module to be used in a still-unspecified hardware device. 

The Bluetooth transmitter is attached to a printer circuit board, which Facebook says can only be installed by an original equipment manufacturer, according to FCC filings.

In other words, it's a component that will be integrated into some sort of device, which Facebook is keeping under wraps for now (much of the info in the filings is still confidential).

The filings, which were filed in June, come as evidence mounts suggesting Facebook is working on new consumer hardware. On Tuesday, Bloomberg's Mark Gurman reported that Facebook's Building 8 group was developing a video chat device and a smart speaker, similar to Amazon's Echo. Business Insider previously reported that Facebook recently patented a modular device that could function like a smart speaker with a touchscreen. 

There are a few clues in the filing that point to some kind of drone or telecommunications-related product. The filing is under FCL Inc, which is the name of the subsidiary that Facebook uses for drone-related technologies, such as its Aquila drone. And the contact name on some of the documents is Andrew Guhr, a Facebook lawyer whose LinkedIn bio describes him as Associate General Counsel, Telecommunications at Facebook.

Guhr's job description raises some intriguing possibilities for the mystery product:

"Advising on telecom laws and regulations around the globe on projects ranging from submarine cables, terrestrial networks, wireless networks, experimental technologies, and next-generation OTT services."

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National committee on environmental pollution reduction meets www.montsame.mn

Ulaanbaatar /MONTSAME/ “The Cabinet won’t fight against air pollution by means of distributing stove or enhancing fuel”, said Prime Minister J.Erdenebat.

He was addressing a regular meeting of National Committee for Environmental Pollution Reduction, the former National Committee for Air Pollution Reduction, which took place on August 1, Tuesday. “There’s no way we can fight against air pollution with what produces smoke”, he said.

Prime Minister and Head of the committee J.Erdenebat also stressed the necessity of taking efficient measures to prepare for winter in order to secure a safe living environment for everyone.

The meeting covered ‘Green loan’ fund, wintering preparations and progress of electrical overload prevention measures. The meeting was attended by members of the committee and representatives of other public organizations.

As of the first half of 2017, 114,512 residents of ger areas benefitted from electricity discount, with 6,363 households being newly connected to electricity. According to B.Nasantogtokh, Head of Department of Policy Management at the Ministry of Energy, winter preparations are 43 percent complete. He also reported that an information center for eco-friendly technology is ready to operate in four branches of the capital city one-window service offices.

The Prime Minister then issued several instructions. He assigned the Ministry of Justice and Home Affairs to take measures on facilitating the legal environment for ‘Green Loan’ fund; the Ministry to Energy to intensify winter preparation activities at the heat supply network, and continue the night-time electricity discount; and the authorities of the capital city and provinces to speed up the winter preparation actions in their respective administrative units in order to fulfill their goals within the autumn.

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Erdene Resource Development Corp (ERDCF) Shares Moving On Volume www.finnewsweek.com

Erdene Resource Development Corp (ERDCF) shares are moving today on volatility 1.85% or 0.012 from the open. The OTC listed company saw a recent bid of 0.6620 and 800 shares have traded hands in the session.

As we move deeper into earnings season, investors may be trying to figure out how to best position the portfolio for the rest of the calendar year. Maybe things haven’t gone as well as planned in the first half of the year, and a few tweaks need to be made to bolster profits in the second half. Closely watching the earnings reports may be a good way to see what companies are getting things right, and what companies have some work to do. Many investors will take notice if a company posts a much larger earnings beat or miss than expected. Not only will the stock most likely become a bit more volatile, but overall interest may be heightened as investors try to piece together the puzzle and figure out why there was such a discrepancy between estimates and actuals. Once the dust settles and the picture becomes a little clearer, investors may be able to properly rotate in or out of a certain name or sector. Finding stocks that look good on paper but have fallen out of favor with certain investors may be a good place to start doing some further number crunching. Locating those overlooked sectors with growth potential might be a good way to uncover those stocks that are ready to make a run.

Digging deeping into the Erdene Resource Development Corp (ERDCF) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -86.67. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Erdene Resource Development Corp (ERDCF) currently has a 14-day Commodity Channel Index (CCI) of -68.61. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for Erdene Resource Development Corp (ERDCF) is sitting at 35.59. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for Erdene Resource Development Corp is currently at 39.05, the 7-day stands at 41.09, and the 3-day is sitting at 49.47.

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China, Mongolia to start joint feasibility study for FTA www.eng.yidaiyilu.gov.cn

China and Mongolia will soon start conducting a joint feasibility study for the development of a free trade zone, a Chinese official said on Aug. 1.

Qian Keming, a vice-minister of commerce, said the move highlights the ever strengthening Sino-Mongolian relations "on the basis of mutual respect, equality and benefit".
The Second China-Mongolia Expo is slated to take place in Hohhot, capital of China's Inner Mongolia autonomous region between September 26 and 30 this year. Through exhibitions, conferences and seminars, investment and trade negotiations, the expo will serve as a communication platform for all sides, Qian said at a press conference.
The biennial event aims to boost bilateral cooperation in politics, economy, education, health and culture, and to facilitate the Belt and Road Initiative and China-Mongolia-Russia Economic Corridor.
For over a decade, China has been Mongolia's largest trading partner. According to China's Ministry of Commerce, Sino-Mongolian trade amounted to US$3.1 billion in the first half of this year, up 44.2 percent from a year ago. In the same period, China's non-financial direct investment in Mongolia reached US$4.1 billion, accounting for 30 percent of Mongolia's total foreign investment.
Earlier in 2016, bilateral trade reached US$4.61 billion, accounting for 60 percent of Mongolia's export volume, data from the ministry shows.
China mainly exports gas, diesel, food, machinery and equipment to Mongolia, and imports natural resources, fur and raw materials.

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Apple shares sail to record high on healthy iPhone sales www.reuters.com

(Reuters) - Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading.

The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per share. The stock price move was expected to help drive the Dow Jones Industrial Average over the 22,000 mark on Wednesday.

Apple also said it hit a milestone of 1.2 billion iPhones sold.

The April-June quarter is traditionally a soft one for Apple as the market waits for the September launch of new iPhone models. But Tuesday’s results show that iPhone buyers may be less inclined than they once were to delay purchases until a new model is out.

The iPad product lines also showed unexpected strength, service revenue continues to grow at a healthy clip, and even the much-maligned Apple Watch showed a 50 percent sales increase.

Apple is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging - which could come with a $1,000 plus price tag.

The phone is expected to launch in September.

The company forecast total revenue of between $49 billion and $52 billion for the current fourth quarter, while analysts on average were expecting $49.21 billion, according to Thomson Reuters I/B/E/S.

Apple's fourth quarter generally includes first-weekend sales of the company's latest devices.

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Gold shows solid performance in July www.mining.com

A struggling dollar and serious doubts about whether or not the U.S. Federal Reserve will raise interest rates again this year sent gold to its highest point in almost seven weeks.

Spot gold was down 0.1 per cent at $1,267.4 an ounce by 2:00 p.m. EDT, after rising to its highest since June 14 at $1,270.98. This means that the precious metal showed a strong performance in July, as it is on course for a 2.1 per cent rise this month.

U.S. gold futures settled down 0.1 per cent at $1,266.60.

Quoted by Reuters, Commerzbank analyst Eugen Weinberg explained that geopolitical tensions and internal uncertainty could mean a stronger demand for gold as the U.S. currency falls into its lowest in 16 months against a basket of currencies.

Silver, on the other hand, was up by 0.8 per cent to $16.79 an ounce, after rising to $16.88, the highest since June 29.

Palladium climbed 1.1 per cent to $886.30, and platinum rose 1 per cent to $938.30.

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Mongolia offers its help to Japan in holding talks with N. Korea www.asahi.com

Sodovjamts Khurelbaatar, Mongolia's outgoing ambassador to Japan, speaks about his experiences in both Japan and North Korea at the Embassy of Mongolia in Tokyo’s Shibuya Ward in July. (Satoru Semba)

Mongolia's outgoing ambassador to Japan pledged his country's cooperation in helping to resolve the decades-old issue of Japanese nationals abducted by North Korea.

Sodovjamts Khurelbaatar, in a wide-ranging interview with The Asahi Shimbun ahead of his departure home, also spoke about his impressions of North Korea's leader, Kim Jong Un, from his time as envoy in the reclusive state between 2008 and 2011.

“It is Mongolia’s duty to help solve the (abduction) issue as a partner (of Japan),” said Khurelbaatar, emphasizing the friendly ties the country's enjoys with both Japan and North Korea.

Khurelbaatar made clear that Mongolia is keen to see Japan develop more friendly relations with North Korea.

He also suggested that Mongolia's capital, Ulan Bator, be the setting for stalled six-party talks aimed at denuclearizing North Korea.

Khurelbaatar served as ambassador in North Korea toward the end of the regime headed by Kim Jong Il, Kim Jong Un's father.

He said that when he attended Kim Jong Il's funeral in December 2011, he met the current leader Jong Un and shook his hand.

“His hand was soft,” Khurelbaatar recalled. “I saw sadness in his eyes, but he was occasionally smiling, too.”

He said diplomats in North Korea were well aware before Kim Jong Il's death that his son would take over.

“Kim Jong Il used to see ambassadors from China and Russia, but stopped seeing high-ranking officials from other countries from two to three years before his death,” Khurelbaatar said.

Japan’s Prime Minister Shinzo Abe is also keen to further relations with Mongolia in light of its good relationship with North Korea.

In September 2013, when Tsakhiagiin Elbegdorj was visiting Japan as the president of Mongolia, Abe invited him to his private residence. Khurelbaatar accompanied the president to serve as an interpreter.

Khurelbaatar said the two leaders developed “a deep trust toward each other,” adding that the talks centered on steps they could take together to resolve the nuclear development and abduction issues.

In March 2014, a meeting was held in Ulan Bator so the parents of abductee Megumi Yokota could finally meet their granddaughter, Kim Un Gyong. Megumi was abducted by Pyongyang as a teenager in the 1970s. North Korea says she is no longer alive.

Pyongyang later promised to reopen its investigation into the abduction issue, but then reneged. The issue has been in limbo ever since.

Six-party talks aimed at getting North Korea to renounce is nuclear ambitions stalled in 2008.

Given this background, Khurelbaatar referred to the Ulaanbaatar Dialogue, an international conference on Northeast Asia security that was initiated by Mongolia in 2014, and said Japan should use it to hold discussions with North Korea.

“A war can break out, if one party remains stiff just because the other one is difficult to talk to,” said Khurelbaatar, emphasizing the importance of maintaining dialogue with North Korea, rather than just applying sanctions. “The most undesirable outcome is war.”

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Ukraine signs deal to buy American coal www.rt.com

Ukrainian state-owned energy firm Centrenergo has signed a contract with America's Xcoal Energy & Resources to supply 700,000 tons of coal to Ukraine this year.

“This contract was signed in fulfillment of the agreements between the presidents of Ukraine and the United States reached during our president's visit to America in June,” said Centrenergo head Oleg Kozenko.

The US company will deliver 700,000 tons of coal, sending a ship or two each month till the end of the year. Kozenko added that thanks to American coal, Kiev hopes to get through the heating season of 2017-2018 without a problem.

The first batch of American coal delivered to the Ukrainian port of Odessa will be priced at $113 per ton.

“This partnership will provide Ukraine with a secure, reliable, and competitive alternative energy source, helping to stabilize an energy supply which has historically been at the mercy of the country's volatile neighbors,” said White House Press Secretary Sarah Sanders in a statement.

Ukraine is a coal-rich country. However, over 50 percent of its coal resources are in the breakaway regions of Donetsk and Lugansk.

Despite the military conflict in the eastern regions, coal supplies continued until March this year. Then, coal supplies completely stopped after Ukrainian nationalists blockaded railroads from the self-proclaimed republics.

Later that month Kiev joined the nationalists and imposed an official blockade on the republics. Since then, Ukraine has faced an energy emergency, due to a lack of coal.

At the same time, US President Donald Trump has pledged to revive the American coal sector, lifting the Obama-era policy of curbing US coal production, as he seeks American "energy dominance."

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Mongolia receives livestock disease vaccines from Russia www.news.mn

Mongolia received the first package of livestock disease vaccines from Russia on 31st of July. A total of 4.1 million doses are being sent from Mongolia's northern neighbour, following agreements made during Prime Minister J.Erdenebat’s visit to the St. Petersburg International Economic Forum on 1st-3rd June. Mongolian Food, Agriculture and Light Industry Minister P.Sergelen and Agricultural Minister of Russia A.N.Tkachev have signed an agreement regarding the details of the deliveries of the vaccines from Russia to Mongolia.

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Major sports complex project underway in Darkhan-Uul www.montsame.mn

Ulaanbaatar /MONTSAME/ Construction work has resumed at a sports complex being built in Darkhan-Uul aimag which is expected to be one of the biggest sports facilities in the country.

A government delegation including B.Javkhlan, Member of Parliament, R.Tserenpil, consulting engineer at the Department of Investment and Industry and O.Gerel, specialist at the Department of Physical Culture and Sports Policy at the Ministry of Education, Culture, Science and Sports visited the project site and looked over the progress on July 28, Friday.

Initially launched in 2011, the project came to a halt in 2014, but is now moving forward after MNT 1.5 billion fund was allocated in the 2017 budget. However, if the rest of the finance isn’t resolved in the next two years, the cost of the project will continue to increase.

According to O.Nemekhbold, CEO of ‘Nembar’ LLC, the contractor of the project, the construction work is 55 percent complete at present.

The sports complex in its 20,000 square meters of area offers a 2200-seat sport hall, an international standard swimming pool, various halls for other sport activities, a hotel and a conference chamber. When in operation, the complex will open an opportunity of hosting various sporting events in Darkhan-Uul, thus benefiting the local economy.

The local authorities in cooperation with the government are working towards settling the remaining MNT 8 billion finance within the next two years in order to inaugurate the complex in 2019. 
Kh.Aminaa

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