1 US TRADE WAR COULD COST GLOBAL ECONOMY $430 BILLION, IMF WARNS WWW.RT.COM PUBLISHED:2018/07/18      2 US PLANS G7 TALKS ON CHINA WWW.NHK.OR.JP PUBLISHED:2018/07/18      3 GOOGLE HIT WITH RECORD EU FINE OVER SHOPPING SERVICE WWW.BBC.COM PUBLISHED:2018/07/18      4 TURQUOISE HILL ANNOUNCES SECOND QUARTER 2018 PRODUCTION AND COMPLETION OF SHAFT 5 WWW.GOGO.MN PUBLISHED:2018/07/18      5 DEVELOPMENT OF BILL ON CIVIL SERVANT CODE OF CONDUCT FINALIZED WWW.GOGO.MN PUBLISHED:2018/07/18      6 CRUDE OIL EXPORTS GENERATED 94.3 BILLION WWW.GOGO.MN PUBLISHED:2018/07/18      7 MONGOLIAN PRESIDENT SUMMONS IRREGULAR PARLIAMENTARY SESSION WWW.NEWS.MN PUBLISHED:2018/07/18      8 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      9 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      10 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      ГЕРМАНЫ “ЧИНГИС ХААН” ХАМТЛАГ ИРЭХ ОНД МОНГОЛД ТОГЛОЛТОО ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     АНУ, ОХУ ХҮЙТЭРСЭН ХАРИЛЦААНДАА ЦЭГ ТАВИЛАА WWW.UBINFO.MN НИЙТЭЛСЭН:2018/07/18     ХУДАЛДААНЫ ДАЙН ХЯТАДЫН КОМПАНИУДАД НӨЛӨӨЛЖ ЭХЭЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/18     МОНГОЛД 92 ОРНЫ 9.6 МЯНГАН ГАДААДЫН ИРГЭН АЖИЛЛАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/18     ГАДААД ХУДАЛДААНЫ НИЙТ БАРАА ЭРГЭЛТ 6,3 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЧЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/18     ЕВРОПЫН ХОЛБОО ЯПОН УЛСТАЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ГЭРЭЭ БАЙГУУЛАВ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/18     АЖ ҮЙЛДВЭРЖИЛТИЙН ЭРЧ СУЛАРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/18     МӨНГӨНИЙ НИЙЛҮҮЛЭЛТ 3.8 ИХ НАЯД ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     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    

Events

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

NEWS

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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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Market uncertainty is back www.cnn.com

BlackRock (BLK) executive Rick Rieder will address a full agenda of topics on CNNMoney's "Markets Now" on Wednesday.

Rieder is a managing director and the global chief investment officer of fixed income for BlackRock. He joins CNNMoney anchor Maggie Lake during an interesting week.

It's been a volatile period for oil. Prices surged to their highest level in over three years last week. Now prices are slumping. US crude oil futures have dropped by nearly 10% to trade around $66.50 per barrel, down from about $73 last week.

Prices fell after Saudi energy minister Khalid Al-Falih said he was in intensive discussions with Russia and other OPEC nations to pump more oil to ease global supply concerns.

Rieder has argued that if the OPEC and Russia production cuts remain in place, and if other conditions are upheld, crude oil could remain in the $70-range — and that high price might not be so bad for consumers.

On Monday, Rieder had called OPEC's and Russian oil production as a "pillar" or support for energy prices. But he tweeted last week that the pillar "appeared to show cracks."

On Tuesday, the White House said it plans to impose 25% tariffs on $50 billion worth of goods from China. The government added that it will place new limits on Chinese investments in US high-tech industries.

Some business leaders have warned that the tariffs could result in a trade war, which could raise prices on goods and end up hurting consumers.

Also on Tuesday, the market dropped around 400 points following a political crisis in Italy.

Despite all this uncertainty, Rieder still says there are opportunities in this market.

"Considering a lack of discernible trading momentum, heightened volatility and a diminished ability to hedge, one might feel an overt pessimism toward today's market opportunity set," he wrote in a blog post last month. "Not us; we perceive a half-full glass."

CNNMoney's "Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Lake and CNNMoney editor-at-large Richard Quest, the 15-minute long program features incisive commentary from experts. Recent guests include former Chrysler and Home Depot (HD) CEO Bob Nardelli and Bitcoin bull Mike Novogratz.

You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

— CNN's Alanna Petroff, Donna Borak and Nathaniel Meyersohn contributed to this report

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Mongolia to establish agency for people with disabilities www.vom.mn

Mongolia's Ministry of Labor and Social Protection said that it would establish an agency within this year, which is in charge of the issues of people with disabilities. The government will change the structure and organization of its Restoration, Training, and Production Center, in order to make it as an agency that serves disabilities. The agency is committed to helping people with disabilities to participate in social life actively and access to social services, including health and education, the ministry said in a statement. According to the National Statistical Office, at the end of 2017, Mongolia has 103,630 people with disabilities while the total population of the country is just over three million. In addition, about 42 percent of households with disabled members are in poverty while only 28 percent of disabled persons aged 15 to 59 are employed.

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Mongolia and Germany to intensify intergovernmental agreement www.montsame.mn

Ulaanbaatar /MONTSAME/ Intergovernmental agreement between Mongolia and the Federal Republic of Germany on cooperation in mining, industry and technology sectors was signed in 2011. The parties held the VI meeting of a working group in charge of ensuring and monitoring implementation of the agreement on May 29 at the Ministry of Foreign Affairs.

Opening the meeting, Minister D.Sumiyabazar said “Mineral agreement signed during Chancellor of Germany Angela Merkel’s visit in 2011 is an important document that allows Mongolia and Germany to develop bilateral relations and cooperation in mineral and mining sectors, and facilitate trade and economic ties to new level. There is a necessity to strengthen cooperation between the two countries in the implementation of the document and comprehensive partnership. In addition to the mining and mineral sectors, there is a possibility to expand cooperation in the use of German technology in aviation, transport, rail infrastructure, construction and urban development sectors, and in introduction of international standards. I am confident that the parties will ensure implementation of the agreement and the issues will be discussed openly and resolved.”

Present at the meeting were officials led by Minister of Mining and Heavy Industry, head of the working group from Mongolian side D.Sumiyabazar and head of the working group from German side, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Oliver Wittke.

The parties discussed on intensifying operation of the German Mongolian Institute for Resources and Technology and upgrading it to the Asian center of German education. Moreover, the parties highlighted joint works being implemented on the Sainshand wind farm (50 MW) project and its investment, Yeroo river hydro power plant and Ulaanbaatar city air pollution reduction.

“Mongolia is a country with rich mineral resources. As for our country, its development is based on human capabilities rather than natural resources. Therefore, we are fully capable of supporting Mongolia in human resource training and conducting researches. Demand for minerals in Germany is high, so we could cooperate to meet this demand. In addition, it will be more effective to establish a union to ensure full cooperation between the enterprises” said State Secretary at the Federal Ministry for Economic Affairs and Energy Oliver Wittke.

The parties exchanged views on ways to finance joint projects, opportunities for increasing German investment in Mongolia, educational cooperation, investment opportunities and legal environment of Mongolia.


B.Misheel

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