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

64x64

Israel trade mission to Mongolia www.mongolianbusinessdatabase.com

According to the recent Foreign Minister of Mongolia Mr.Ts.Munkh-Orgil's visit to Israel, Mr.Ophir Gore, Israeli Ministry of Economy and Industry's Head of Investment & Trade mission and Mr. Chaim Martin, Head of the Economic Mission to China are going to visit to Mongolia through Oct 22-25 in order to promote Israeli global ranking technology and no-how on cleantech (inluding agritech, water and energy relevant for the mining industry), homeland security solutions, medical devices, cosmetics and pharmaceuticals and follow up/develop the particular B2B relations between Israel and Mongolia.

Please contact to MBD (contact@mongolianbusinessdatabase.com, tel: 99066062) for special interest on above mentioned business fields for "Doing business with Israel and possible meeting appointment with the delegates

...


64x64

MNB launches project on sister channel MNB World www.montsame.mn

Ulaanbaatar /MONTSAME/ A new project titled ‘MNB World’ has been launched by the Mongolian National Broadcaster (MNB) which is celebrating its 50th anniversary on September 27.

Following implementation of the ‘MNB World’ project, the MNB will launch a new television channel named ‘MNB World’ which will aim to promote Mongolia abroad in accordance with the clause 3.3 in the Law on Public Radio and Television.

“The project will facilitate the broadcasting of timely and factual news and entertainment and tourism-related content. As such, MNB World will be the first channel independent from politics,” said B.Bayartulga, member of the project team.

According to the project team, the ‘MNB World’ project will run from 2018 to 2020 with the speculated launch year of the channel being 2019. After distributing its content to domestic viewers, the MNB World channel aims to reach audiences in more than 20 Asian countries gradually.

...


64x64

Uber ready to make concessions to reverse London license decision: paper www.reuters.com

LONDON (Reuters) - U.S. taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported.

The Sunday Times also quoted sources close to London’s transport body as saying the move was encouraging and suggested the possibility of talks.

“While we haven’t been asked to make any changes, we’d like to know what we can do,” Tom Elvidge, Uber’s general manager in London, told the newspaper. “But that requires a dialogue we sadly haven’t been able to have recently.”

A spokesman for Transport for London (TfL) declined to comment.

The Sunday Times said Uber’s concessions were likely to involve passenger safety and benefits for its drivers, possible limits on working hours to improve road safety and holiday pay.

TfL stunned the powerful U.S. start-up on Friday when it deemed Uber unfit to run a taxi service for safety reasons and stripped it of its license from Sept. 30, although the company can continue to operate while it appeals.

The regulator cited failures to report serious criminal offences, conduct sufficient background checks on drivers and other safety issues.

Uber responded by urging users in London to sign a petition that said the city authorities had “caved in to a small number of people who want to restrict consumer choice”. The move echoed Uber’s strategy in disputes with other cities.

By 2200 GMT on Saturday, more than 600,000 people had signed although it was not clear how many of them were in London.

A spokesman for Uber said around 20,000 Uber drivers had emailed the city’s mayor directly to object to the decision.

...


64x64

WA mining executive Mo Munshi jailed for 11 years in Mongolia over fraud claims www.perthnow.com.au

The family of a WA mining executive being held in a Mongolian detention centre after he was sentenced to 11 years jail say his health is deteriorating and they fear for his life.

Mo Munshi, a dual Australian and UK citizen, has been banned from leaving Mongolia since March 2015 and has not seen his family for two-and-a-half years.

In June, the 57-year-old was placed in a detention centre in Ulaanbaatar, where he is unable to speak to his family, sleeps on a wooden bench and is fed two meals a day.

He is only permitted to shower once every 21 days and for nearly three months was not allowed to shave, get a haircut or trim his nails.

His family is too afraid to travel to Mongolia to visit him after they were threatened with kidnap. They are only able to communicate with him through lawyers.

They increasingly fear the approaching Mongolian winter — which will see temperatures plunge to -30C — will take further toll on his failing health.

Holding back tears, daughter Minah explained: “I have grave concerns that he won’t ever see my children again because he won’t survive.”

His son, Arif, added: “It’s nightmare, that’s the only word I can use to describe it.

“We’re not allowed any contact with him, there’s no phone, there’s no Skype, no email. We can’t talk to him directly, so it’s been really hard for all of us.

“His elderly parents who are also living here in Perth are in their 80s. They are very distressed at this situation. They are facing the prospect of perhaps never seeing their son again.”

Mr Munshi is a geologist and founder of Gobi Coal and Energy, which owns two mines in western Mongolia. He has worked FIFO across WA for companies, while his children are former pupils at Christ Church Grammar and PLC.

His family say he was lured to the Central Asia nation in 2015 by a notorious businessman who he believed would introduce him to potential investors.

They are pleading for the Australian and British governments to lobby authorities in Mongolia to secure his release and fear that if his appeal fails, he will be moved to a remote closed prison.

“Given our father’s very serious health issues, and the Mongolian prison conditions, we now urge the Government to help bring our dad home,” Minah said.

“He’s 57, he’s got a bulging disc in his back and severe varicose veins which need surgery and the correct medication.”

Mr Munshi’s Perth lawyers, Alisdair Putt and Jessica Edis, travelled to Mongolia this week.

“He is clearly a long way from home, isolated, unwell and facing the Mongolian winter in basic prison conditions,” Mr Putt said.

In July, he was given a two-day trial over what his lawyers say is a commercial or civil, not criminal matter to do with mining interests he has in Mongolia. He was sentenced to 11 years in prison and ordered to pay $US25 million to the complainant.

Mr Munshi’s company was audited by PWC and KPMG who could find no evidence of any wrongdoing.

He was first arrested on March 10, 2015, by plain-clothes police at an airport in Mongolia.

His passports were taken and he was detained until midnight, then released. Several months later, Mr Munshi’s passports returned but he was subjected to a travel ban and not allowed to leave the country.

His family said he was invited to Mongolia to meet potential investors by a businessman who had been recommended to him by a senior Mongolian political figure. But they claim the man’s aim was to extract money and property from their father.

“As we understand it, this isn’t the first time that they’ve been involved in an extortion case like this because that’s effectively what this case is,” Minah said.

In a letter to the family, Foreign Minister Julie Bishop said the legal aspects of the case were a matter for Mr Munshi and his lawyers, but that his case was being raised at all appropriate opportunities with Mongolian authorities.

In a letter dated August 17, 2017, Ms Bishop said Mr Munshi’s welfare was a “first priority” and that Australian consular support will continue for as long as required.

...


64x64

UK chip designer Imagination bought by Chinese firm www.bbc.com

UK technology firm Imagination, which designs graphics chips for smartphones, is being bought for £550m by a Chinese-backed investment firm.
Imagination put itself up for sale in June after Apple, its largest customer, said it would stop using its products.
The boss of Imagination, Andrew Heath, said the takeover by China-backed Canyon Bridge was a "very good outcome" and would ensure it remained in the UK.
It becomes the latest UK chip designer to be bought by a foreign investor.
Last year, ARM, which designs microchip technology used in Apple and Samsung smartphones, was bought by Japan's Softbank for £24bn.
Canyon Bridge recently raised $1.5bn (£1.1bn) from Chinese investors and has offices in Beijing and San Francisco.
'British innovation'
The firm said it currently has no plans to cut jobs at Hertfordshire-based Imagination after the takeover.
Ray Bingham, a partner at Canyon Bridge, said: "We are investing in UK talent and expertise in order to accelerate the expansion of Imagination, particularly into Asia, where its technology platform will lead the continued globalisation of British-developed innovation."
Imagination saw its shares halve in value when Apple said in April that it would end a deal to use its products.
The two firms are still engaged in a dispute over the move - with Imagination questioning Apple's "assertions" that it would be able to develop its own computer chip designs without breaching Imagination's intellectual property rights.
Apple's royalty payments for the chip technology, used in its iPhones, iPads and iPods, accounted for about half of Imagination's revenues.

Mr Heath said: "Imagination has made excellent progress both operationally and financially over the last 18 months until Apple's unsubstantiated assertions and the subsequent dispute forced us to change course.
"The acquisition will ensure that Imagination - with its strong growth prospects - remains an independent IP licensing business, based in the UK, but operating around the world."
It is not Canyon Bridge's first deal for a Western tech company.
The firm is seeking approval for a $1.3bn deal to buy US chipmaker Lattice Semiconductor.
Last week, the Trump administration barred the sale of Lattice to the Chinese-backed company, citing national security risks.

...


64x64

Russia launches ‘world’s biggest & most powerful’ nuclear icebreaker www.rt.com

The first serially-produced Sibir nuclear-powered icebreaker, designed to reinforce Russia’s leadership in the Arctic, was commissioned on Friday at the Baltic Shipyard in St. Petersburg.

It is one of the three vessels part of Project 22220 which are to become the world’s largest and most powerful nuclear icebreakers.

The lead ship of the project, the Arktika, was commissioned last year.

Designed for transporting cargo via the Northern Sea Route, the Sibir was ordered in May 2015 and is due to be delivered in 2020. The third icebreaker, the Ural, is planned to be delivered in 2021.

Sibir has a displacement of 33,500 tons and is 173.3 meters long with a beam of 34 meters, and has a crew of 75.

The double-draft design allows for operations in both deep Arctic waters and estuaries of polar rivers. The vessel is powered by two nuclear reactors with an output of 175 MW.

The nuclear-powered Sibir will be capable of breaking ice fields up to three meters thick, making way for LNG carriers delivering Russian gas to Asian customers. It will also carry out rescue work in ice conditions and ice-free waters.

“Sibir has its predecessor - the icebreaker [50 Let Pobedy – Ed.] which was commissioned in 1977 and has already seen long service. Its absolute record was set in May when it reached the North Pole. I wish today’s Sibir to also break the record," said Rosatom’s Director General Alexei Likhachev.

With its 30 diesel and four nuclear icebreakers, Russia has become the primary operator in the Arctic. It plans to build another nuclear icebreaker, the Leader, designed to keep the Northern Sea Route, along with the country's Arctic coast, open all year round.

The craft will have a working capacity of 110 MW and will be capable of cutting through ice up to 4.5 meters deep.

According to Russian President Vladimir Putin, the Leader will be by delivered by 2025.

...


64x64

Acting foreign minister takes part in ministerial meeting of Foreign ministers of LLCD www.montsame.mn

Ulaanbaatar /MONTSAME/ 2017 Annual Ministerial Meeting of Foreign Ministers of Landlocked Developing Countries (LLDC) took place in the framework of the 72th session of the UN General Assembly, in New York on September 20.

The meeting was held under the theme "Accelerating the implementation of the Vienna Programme of Action and the 2030 Agenda for Sustainable Development". Acting Minister of Foreign Affairs Ts.Munkh-Orgil participated in this meeting and delivered a report on activities of the International Think Tank for LLDC.

Mongolia initiated to establish the International Think Tank for LLDC in Ulaanbaatar and got complete support from the UN and LLDC, intending to launch its activities with status of an international institution, on October 06,2017. Acting Minister Ts.Munkh-Orgil made detailed introduction on its activities as the initiator country.

During the Ministerial meeting the delegates reported on national implementation of the Vienne Programme of Action and conducted discussions on achievements and challenges of it, sharing views on coordinating implementation of programs and improving collaboration. The meeting approved a declaration of LLDC Ministers.

...


64x64

'One Belt, One Road' trade fair starts in China www3.nhk.or.jp

A trade fair promoting China's "One Belt, One Road" economic initiative has drawn record numbers of participants this year.

Nearly 1,600 firms from 56 countries and territories are taking part in the trade fair in Dongguan, Guangdong Province, which started on Thursday.

The "One Belt, One Road" initiative is one of President Xi Jinping's key economic policies. He aims to build a vast economic zone by linking China and Europe via land and sea.

Representatives of companies from Southeast Asia, the Middle East and Africa were seen engaging in business discussions.

The owner of a Kenyan company described China as a friendly partner that helps build railways and roads. She said she hopes many Chinese consumers buy her company's products.

Chinese authorities regard Guangdong as a key base for the initiative. They are ramping up efforts to extend the country's economic influence in Southeast Asia and Africa.

...


64x64

Kuwait opens a housing project for Mongolian flood victims www.news.mn

Kuwait has opened a housing project in Mongolia for the victims of the floods in the western province of Bayan-Ulgii, said a statement Wednesday. In the Muslim majority Bayan-Ulgii province, the USD 274,538 Fareej Al-Kuwait (Kuwait's neighborhood) project was opened in the presence of Kuwaiti Ambassador to Mongolia Khaled Al-Fadhli.

In a statement by the Kuwaiti Embassy, Ambassador Al-Fadhli said that the project consisted of 35 housing units, a Mosque, a medical facility, and a recreational park for children.

Previously, Kuwait's Ministry of Awqaf and Islamic Affairs provided around USD 60,000 to construct wells for drinking water and electricity in the flood-stricken areas. Other Kuwaiti charitable societies provided a sum of USD 81,000 to the Kuwaiti embassy last February as part of the winter assistance initiative to Mongolia.

...


64x64

Share Activity Lifted for Mongolia Energy Corp Ltd (0276.HK) in Session www.stockdailyreview.com

Shares of Mongolia Energy Corp Ltd (0276.HK) is moving on volatility today -1.31% or -0.003 from the open. The HKSE listed company saw a recent bid of 0.226 on 1632250 volume.

Often times, investors may become worried when the stock market is highly volatile. Being prepared for volatile situations can help ease the fears that come along with turbulence. Following a well-crafted plan might help ride out the ups and downs that are a normal part of dealing with the market. Investors should be prepared for market situations that provide ample opportunities. Although market downturns can be unsettling and cause panic, investors who are able to stay the course and keep calm may be able to spot good buying opportunities when the wider market is selling. 

Taking a deeper look into the technical levels of Mongolia Energy Corp Ltd (0276.HK), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -85.00. 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.

Mongolia Energy Corp Ltd (0276.HK) currently has a 14-day Commodity Channel Index (CCI) of -134.84. 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.

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, Mongolia Energy Corp Ltd’s 14-day RSI is currently at 44.24, the 7-day stands at 36.86, and the 3-day is sitting at 19.83.

Currently, the 14-day ADX for Mongolia Energy Corp Ltd (0276.HK) is sitting at 24.45. 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.

For further review, we can take a look at another popular technical indicator. In terms of moving averages, the 200-day is currently at 0.26, the 50-day is 0.23, and the 7-day is resting at 0.23. Moving averages are a popular trading tool among investors. Moving averages can be used to help filter out the day to day noise created by other factors. MA’s may be used to identify uptrends or downtrends, and they can be a prominent indicator for detecting a shift in momentum for a particular stock. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action.

...