1 VALE EVACUATES 200 PEOPLE FROM TOWN NEAR ITS MAR AZUL MINE WWW.MINING.COM PUBLISHED:2019/02/17      2 TOOTH PLAQUE SHOWS DRINKING MILK GOES BACK 3,000 YEARS IN MONGOLIA WWW.SCIENCENEWS.ORG  PUBLISHED:2019/02/17      3 INCREASING NUMBER OF CHINA-EUROPE FREIGHT TRAINS SUPPORTS MONGOLIA'S ECONOMY: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/17      4 TAX REVENUE INCREASES BY 33.7 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/02/17      5 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      6 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      7 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      8 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      9 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      10 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

64x64

BoM warns of potential pressure to MNT rate due to foreign uncertainties www.zgm.mn

Bank of Mongolia (BoM) informed that external uncertainties pose higher risks to the economy than domestic factors, highlighting the trade dispute between the People’s Republic of China and United States as key downside factor for Mongolia’s economy.

Furthermore, the U.S Federal Reserve approach on increasing interest rate in steps is reducing investors’ confidence and raising a risk of investment outflow in developing countries. Due to the decision of U.S Federal Reserve, the 22 foreign exchange rates of Bloomberg FX Fixings have depreciated by up to 50 percent against US Dollars. MNT rate followed the same fate, falling 9 percent against the USD since the beginning of this year.

Regardless, the International Monetary Fund, Asian Development Bank and other international organizations did not lower their 2019 Economic Outlook on Mongolia. Analysts expect the world economy to grow by 3-4 percent next year.

The trade dispute is creating risks to every countries and the Financial Stability Report of the IMF warned that the stock prices of U.S firms stand above the pre-global crisis period and real estates of developed countries, such as Australia and Canada are currently in “a bubble. Plus, the President of European Central Bank Mario Draghi told the media that a crisis situation has been seen in the global economy”.

Considering the current uncertainties in global economy and debt repayments in the upcoming years, the BoM is now holding a policy to create reserves. Accordingly, the foreign exchange reserve of Mongolia has reached a 6-year record last October.
However, the 2019 budget revenue and expenditure has been planned at a record-high amount. Experts are warning that monetary policy will be in a constraint and create more risks as budget investment will support imports, pressuring balance of payment and MNT rate as a result.

...


64x64

Inter-bank currency exchange platform developed www.montsame.mn

Ulaanbaatar/MONTSAME/ The Bank of Mongolia introduced Bloomberg L.P., beta version online platform for inter-bank currency exchange from April, 2017 with a purpose to improve infrastructure of currency market, accessibility and information transparency.

The Bank of Mongolia has improved the platform based on its internal possibilities and started using the developed version of the platform from December 21, 2018.

The developed version of the platform will reduce operational risks, increase information accessibility and contribute to development of internal currency exchange.

...


64x64

18 year-old girl welder awarded by Mongolian President www.news.mn

Mongolian President Kh.Battulga has issued decree to declare E.Uujimsetgel as the Best Young Worker for her hardworking character, professional skill of welding and being a model. The announcement to give the award to E.Uujimsetgel was made earlier today (27 December). The beautiful 18 year-old girl studies in a Mongolia-Korean Polytechnic College.

According to national statistics, registered unemployed people have been estimated at 25 thousand in 2018; most of them 25-34 years old. However; there are 35 thousand jobs available on the Mongolian labour market. Without doubt, E.Uujimsetgel is an ideal role model for the younger generation.

...


64x64

Mongolians to get paid more in 2019 www.news.mn

The Mongolian minimum wage rate will be increased to MNT 1904 per hour or MNT 320 thousand per month from 1 January, 2019. Minister of Labour and Social Protection S.Chinzorig, President of the Confederation of Mongolian Trade Unions Kh.Amgalanbaatar and CEO of the Mongolian Employers’ Federation Kh.Ganbaatar concluded a joint agreement in August to raise the minimum wage. According to Mongolian law, the minimum wage rate must be renewed every two years.

Currently, the minimum monthly wage is MNT 240 thousand, which came into force in January 2017.

...


64x64

Nationality of the UB foreign spy? www.news.mn

An unnamed foreign national living in Ulaanbaatar was arrested in October for allegedly spying. The foreign spy was taken into custody from C block of the Golomt apartment complex, which is located near the Western Road Intersection in Ulaanbaatar. According to D.Gerel, director of the General Intelligence Agency of Mongolia, the spy is not Chinese. Some unofficial sources had reported that arrested man was from China.

Under the current law, if a foreign citizen undertakes espionage in Mongolia, they will be punished by 12-20 years imprisonment.

...


64x64

Number of livestock animals in Mongolia rises to over 66 mln www.xinhuanet.com

ULAN BATOR, Dec. 27 (Xinhua) -- The number of livestock animals in Mongolia reached 66.46 million, a record high since the nomadic country began a livestock animal census in 1918, a senior expert of the National Statistics Office said Thursday.

A census conducted between Dec. 7-17 showed the number of livestock animals in 2018 increased by 244,700, or 0.4 percent, from the previous year, Erdene-Ochir Myagmarkhand announced at a press conference.

According to the preliminary result of the nationwide census, sheep accounted for 46.0 percent of all livestock, goats accounted for 40.8 percent, cattle accounted for 6.6 percent, horses accounted for 5.9 percent and camels accounted for 0.7 percent.

Among the country's 21 provinces, the northernmost Khuvsgul has the largest number of livestock with 5.7 million, followed by Uvurkhangai and Arkhangai in the central provinces, with about 5.5 million respectively.

There are 230,800 herder households with livestock animals, up 0.8 percent from last year.

The promotion of animal husbandry is seen as the most reachable solution to diversify the landlocked country's mining-dependent economy. Currently, mineral products account for over 90 percent of its total exports.

...


64x64

Mongolia: Thousands protest corruption in Ulaanbaatar www.aljazeera.com

Mongolia: Thousands protest corruption in Ulaanbaatar

aljazeera.com 2018 12 28

Ulaanbaatar (Reuters)Tens of thousands of Mongolians have taken to the streets to protest against corruption in the top echelons of politics, braving temperatures that dropped below minus 20 degrees Celsius in the capital, Ulaanbaatar.

Organisers estimated nearly 25,000 people turned out for the protest on Thursday.

Local media described the gathering as the second largest after a riot in 2008.

Protesters focused their anger on Mongolia's parliamentary speaker, Enkhbold Miyegombo, and the two main ruling parties, the Mongolian People's Party and the Democratic Party.

There has been rising anger over a long-running corruption case related to allegations that Enkhbold and other political figures had looked to raise 60 billion tugriks ($23m) by selling off government positions.

Enkhbold has denied the allegations.

A cross-party group of politicians who are boycotting the parliament's plenary sessions has signed a letter demanding Enkhbold's resignation.

The group, the Mongolian People's Union, opposes the two main parties, together known by the abbreviation MANAN.

"We will not allow the situation where the MANAN faction gets all the wealth and resources, while people ... remain with nothing," member of parliament Ayursaikhan Tumurbaatar told media.

"The air pollution, people's poverty, wealth inequality all started with Enkhbold since he was the mayor of Ulaanbaatar city," he said.

Mongolia, for years a satellite of the Soviet Union, transitioned to parliamentary democracy in 1990.

At the Thursday protest, people held up placards with messages such as "We Demand Enkhbold Resign."

Protester Dejid Avirmed, 61, told the Reuters news agency that people were fed up that in a mineral-rich, democratic country like Mongolia many still lived in poverty.

"Mongolians are very patient, but now we lose our patience," she told Reuters at the protest in the central square in front of parliament.

"Enkhbold should resign. A shame on him that he makes this many people protest in this mid-winter cold."

Thursday's regular session of parliament was delayed for a seventh time because of the boycott by the members demanding Enkhbold's resignation.

The last scheduled parliament session for 2018 is due on Friday.

"Parliament members should solve the problem not by appealing to protests, but by coming to the parliament session hall. This is the law," said Enkh-Amgalan Luvsantseren, deputy speaker of parliament.

Munkhchimeg Davaasharav

...


64x64

Mongolia's foreign debt rises to over 7 bln USD www.xinhuanet.com

ULAN BATOR, Dec. 26 (Xinhua) -- Mongolia's total foreign debt reached 7.24 billion U.S. dollars in the third quarter, up 12 percent from the same period last year, the country's central bank said Wednesday.

As of the third quarter, foreign debt accounted for about 60 percent of the country's gross domestic product (GDP), according to the central bank.

"We have many challenges ahead. In particular, the government is due to pay back 5.4 billion U.S. dollars in total in 2021-2022," said Bayartsaikhan Nadmid, president of the Bank of Mongolia.

"So, we need to pay special attention to increase foreign currency reserves," he said.

Mongolia's foreign currency reserves reached 3.4 billion dollars at the end of the third quarter, a new high since 2013, he added.

The mineral-rich country has a population of 3.2 million and an economy of 12 billion dollars.

The country's economy is heavily dependent on the mining industry that contributes to about a quarter of the country's GDP and around 90 percent of its exports.

...


64x64

Russia’s Sakhalin Island could provide China with more energy www.rt.com

Russia is considering boosting exports of liquefied natural gas (LNG) to China. The LNG would come from its largest island, Sakhalin, to fulfil Beijing’s growing energy demand, Russia’s envoy to the country has revealed.
“There are plans to supply liquefied gas to China not only from the Yamal [LNG plant], but also from Sakhalin. It can be partly supplied in the form of liquefied natural gas, and a pipeline may eventually be built,” ambassador Andrey Denisov told journalists on Wednesday.

The diplomat explained that gas supplies via a pipeline are much cheaper, but such projects can be launched only if a long-term bilateral deal is sealed. On the other hand, LNG is more convenient as the pipeline works only one way, but at the same time the fuel in the liquefied form is more expensive, according to Denisov.

China is world’s fifth largest consumer of natural gas and has long been planning to increase imports from foreign suppliers, including Russia.

Moscow and Beijing are currently finalizing talks on the gas supplies agreement via the so-called ‘Western Route’, which stipulates building the Power of Siberia pipeline to deliver Russian gas from the Far East to China.

The new pipeline will deliver 38 billion cubic meters of natural gas annually for 30 years. The last remaining question the sides are discussing is the price, Denisov said.

“Many issues are agreed, as far as we know, except for the main one, perhaps, the issue of defining the price,” the envoy told journalists.

Russia currently has two LNG plants – Gazprom’s Sakhalin-2 and Novatek’s Yamal LNG. Energy giant Rosneft is also planning to build a new plant in partnership with US’ ExxonMobil, Japan’s SODECO and India’s ONGC Videsh. The $27 billion Yamal LNG project, which began operations last December, has recently reached full capacity and has already shipped two million tons of the liquefied fuel.

...


64x64

Cabinet approves National Program on promotion of intensive animal husbandry www.montsame.mn

Ulaanbaatar/MONTSAME/ At its regular meeting on December 26, the Cabinet approved a National Program on promoting the development of intensive animal husbandry.

Activities to be implemented within the program will be reflected in the Basic Guideline to Develop Socio-Economy every year and required funding will be issued from state and local budgets and foreign loan and assistance. It plans to spend MNT166.3 billion on the program implementation for 2019-2023.

The funding will be spent on rendering support to build capacity of managers and professional association of intensive animal husbandry, transfer it into cluster system, import high productive livestock, naturalize, ensure food safety and introduce technology.

As a result of the program implementation, it is expected to increase the utilization of milk producing enterprises by 35 percent, the number of cattle to be bred by two-fold, output of milk and meat from one cattle by 20 percent and the volume of milk and meat to be processed industrially by 30 percent.

Moreover, it aims at zeroing the import of liquid milk and decreasing the import of dried milk by 30 percent and import of other milk products by 15 percent, alongside 90 percent and 70 percent decreases of egg and honey imports respectively. Furthermore, it is estimated to improve the fodder provision of intensive animal husbandry by 40 percent and modernization of techniques and technology by 30 percent.

...