1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

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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Uber board votes in favor of SoftBank deal, governance changes www.reuters.com

SAN FRANCISCO (Reuters) - Uber Technologies Inc directors on Tuesday voted to allow Japan’s SoftBank Group to invest in the ride services company and approved a series of governance changes that increases the independence of the board and decreases the influence of former Chief Executive Officer Travis Kalanick.

The company is seeking to shore up its reputation after a series of scandals and to move beyond a battle between Kalanick and Uber investors spearheaded by Silicon Valley’s Benchmark Capital.

The company in a statement said the board had agreed to move forward with the SoftBank (9984.T) deal in coming weeks and governance changes at Uber “that would strengthen its independence and ensure equality among all shareholders.”

One person familiar with the matter said that a group of investors including SoftBank, Dragoneer Investment Group and General Atlantic would be allowed to buy $1 billion to $1.25 billion of new Uber shares at a company valuation of $69 billion and 14 to 17 percent of stock from current investors at a discounted valuation.

The person and a second source said governance changes include expanding the size of the board to 17 directors from 11. The board would include three independent directors, an independent chairperson and two seats controlled by SoftBank once its investment closes.

Shareholders will now have one vote per share, ending a class of supervoting shares in a move that substantially decreases the power of Kalanick and some other early investors.

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October 3, 2017 trading report www.mse.mn

On October 3, 2017, 104,609 shares worth MNT 4.2 million of 20 firms listed as Tier I, II, and III were traded. 8 firms’ shares increased, 14 decreased in price and 3 remained unchanged. Ulsiin Ikh Delguur JSC was the top performer, increasing 4.9 percent, whereas Mongol Nekhmel JSC was the worst performer, decreasing 10.0 percent.

On the secondary market for government securities, 19,522 bonds worth MNT 1,790,860,322 were traded.

The MSE ALL Index rose 0.11 percent to stand at 1070.48. The MSE market cap stands at MNT 2,085,774,463,293.

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Parliament to discuss the appointment of PM tomorrow www.mongolia.gogo.mn

ULAANBAATAR (GoGo Mongolia) - On Oct 4, the State Great Khural will hold its plenary session to discuss the appointment of Prime Minister-designate U.Khurelsukh.

The opening of the autumn session of State Great Khural was held on Oct 2. At the opening session, President of Mongolia Kh.Battulga notes that the foremost priority is the formation of cabinet, and immediate commencement of its actions. 
Former PM J.Erdenebat and his Government was dismissed on Sep 8. 
Following on Sep 25, The ruling Mongolian People`s Party (MPP) held a conference and nominated MP U.Khurelsukh as a candidate for the next prime minister of Mongolia.

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Mongolian companies lose USD 78 thousand in Erenhot www.news.mn

Mongolia & China Expo 2017, has been held in Hohhot, the capital of the Chinese Province of Inner Mongolia from 26th of September to 2nd of October. Whilst very successful in many respects, the Expo has proved a disaster for some Mongolian companies.

As we reported last week, meat and dairy products from some of the 30 Mongolian companies participating in Expo 2017 were held by Chinese border inspectors for the duration of the event. According to P.Sergelen, Mongolia's Minister of Food, Agriculture and Light Industries, the goods have been destroyed in the Chinese border city of Erenhot (Erin); as a result, Mongolian companies have suffered a USD 78 thousand loss.

More than 1600 businessmen and 390 enterprises from Mongolia participated in the Expo 2017. One of the real success stores was the TESO Company, which signed an agreement with China to export sea buckthorn seed-oil worth of MNT 3 billion.

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China adds 3 oil rigs in East China Sea www3.nhk.or.jp

A US think tank says China has built 3 new oil rigs in the East China Sea despite Japan's objections.

The Center for Strategic and International Studies released a report on Monday highlighting China's oil field development in the region.

The report says satellite images show China has placed 3 new rigs in waters on the Chinese side of a median line between the 2 countries.

It also detected an increase in activity by Chinese vessels in waters near the new rigs between July and September this year.

The latest CSIS discovery brings the total number of Chinese structures in regional waters to 19.

The 2 nations reached an agreement in 2008 to jointly develop oil fields in the region. But Japanese officials say that while negotiations for a treaty have since stalled, China has continued with its maritime developments.

In August, the Japanese government lodged a protest with China after a Chinese drilling ship was engaged in some kind of activity in the area. It demanded China stop its unilateral development.

China's foreign ministry said that the work was being carried out in undisputed waters under Chinese jurisdiction.

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Rio Tinto back on track to haul iron ore in driverless trains in 2018 www.mining.com

Rio Tinto (ASX, LON:RIO), the world No.2 iron ore miner, is closer than ever to having a network of driverless trains in Western Australia as it has completed its first long-haul journey with a completely autonomous locomotive.

The milestone trip, spanning nearly 100 km (60 miles) with trains operated by individuals in an air-conditioned control room hundreds of kilometres away, puts Rio Tinto on track for commissioning the so-called AutoHaul project in late-2018, the miner said.

The company, one of the first to ever embrace driverless mining vehicles, already runs about 200 locomotives on more than 1,700 km of track, hauling ore from 16 mines to four port terminals.

Rio’s trains began running in autonomous mode in the first quarter of this year and about 50% of its pooled fleet rail kilometres are being completed in autonomous mode, but with drivers on-board.

The company said that 90% of its pooled fleet production tonnes are AutoHaul enhanced, which means they are able to operate continuously without shift changes and improved safety, with trains responding automatically to speed limits and alarms.

Rio Tinto said it has already seen the benefits from AutoHaul in increased train speeds and fewer stops that have cut more than an hour from average journey times.

Getting to this point was not easy. The actual commissioning of the autonomous trains project has been put off a few times, partly due to software problems.

Delays with the implementation of autonomous iron ore trains hurt Rio Tinto’s output in 2016. The miner ended up producing 330 million tonnes, down from the original target of 350 million tonnes.

The so-called Autohaul plan is part of the “Mine of the Future” project the company launched in 2008 and which also included the introduction of autonomous haulage trucks, automated drilling and the roll out of an operations centre near Perth airport.

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Mongolia removed from FTSE Russell Frontier Markets Watch List www.mse.mn

The Mongolian Stock Exchange was added to the FTSE Russell Frontier Markets Watchlist in 2012 as a result of the adoption of the T+3 settlement system. However, Mongolia had never officially qualified as a Frontier market due to the shift from T+3 settlement system to prefunded system and dissolving of the settlement guarantee fund that was designed to protect the market from systemic settlement failure. 

In April, the Chairman of the Board of Directors and CEO of MSE met with FTSE Russell officials to discuss the situation that Mongolia may potentially be removed from the FTSE Frontier Markets Watchlist. Following the meeting, MSE made it a priority to implement T+2 settlement system and Delivery-versus-Payment mechanism, as such we formed a working group with the Mongolian Securities Clearing House and other market participants to speed up the implementation of necessary changes in the market infrastructure and worked closely on the drafting of the rules and regulations. We have notified on several occasions to the market participants including the Securities Clearing Corporation that there is a risk of removal from the Watchlist if the shift is not immediate. Unfortunately, FTSE Russell made their decision at their September review to remove Mongolia from the Watchlist due to the delay with compliance with the requirements and upon consideration that the re-implementation of T+2 settlement system is unlikely in the near future. Although it is disappointing, there is a possibility to be re-included on the FTSE Frontier Markets Watchlist if Mongolia adopts necessary changes before their next review in March 2018. MSE encourages all market participants to treat the compliance with FTSE requirements and potential inclusion into the Watchlist as a top priority.

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Cambodia, Mongolia Opens Direct Air Route www.akp.gov.kh

Cambodia and Mongolia have entered recently a memorandum of understanding to open the route for direct flight between the two countries, according to local media report.

Official signing of the agreement by delegations of the two nations was a sideline of the 14th Asia-Europe Meeting (ASEM) taking place late last week in Siem Reap province of Cambodia.

Cambodian Secretary of State at the State Secretariat of Civil Aviation (SSCA) H.E. Mao Havanal, according to the source, signed the MoU with his Mongolian counterpart.

H.E. Sinn Chanserey Vutha, Spokesperson for the SSCA, was quoted in the same source explaining that the agreement opens direct air route between Cambodia and Mongolia, nevertheless, when to have the direct flight is subject to the market demand.

The report included the shared optimism of tourism experts – Co-Chair of the Government-Private Sector Working Group on Tourism Mr. Ho Vandy and President of Cambodia Association of Travel Agents Mrs. Chhay Sivlin – about potential increase of Mongolian visitors to Cambodia once direct flight between the two countries begins.

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Mongolia, Russia mark 96th anniversary of diplomatic ties www.akipress.com

AKIPRESS.COM - A roundtable meeting themed 'Talks between parliaments are base for development of good neighbor relations' was held on October 2 in the State House, launching the Friendship Days “Mongolian and Russian cooperation-2017” on the occasion of 96th anniversary of the diplomatic relations established between Mongolia and Russian Federation.

The Friendship days have being conducted annually since 1952 and the 57th event is hosted by the Embassy of Russia in Mongolia, the Mongolia Russia Friendship Society and the Russian Center for Science and Culture, Monstame reported.

Various events scheduled to be organized within the event, including Mongolian and Russian cooperation forum, 'Made in Russia' fair, 'Vernisaj' photo and art exhibition, a meeting of Asian graduators in RF and Mongolian and Euro-Asian economic cooperation-2017 business forum. Moreover, a festival of Russian language among students, an evening of literature works of A.S.Pushkin and a book exhibition dedicated to the 125th anniversary of poet M.I.Tsvetaeva will be held.

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Mongolia signs air communication agreements with Myanmar and Cambodia www.globalnewlightofmyanmar.com

The agreements were signed on the sidelines of the 4th ASEM Transport Ministers’ Meeting which took place on September 26-28 in Indonesia.

The Acting Minister met with Thant Sin Maung, Minister of Transport of Communications of Myanmar and expressed satisfaction at the development of bilateral relationship.
The Agreement on Air Communication comes after the signing of Mutual Agreement on Visa Exemption for Diplomatic and Official Passport Holders in 2013 and Agreement on Cooperation in Tourism in 2015.

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