1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

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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U-scooter service to be launched in Ulaanbaatar www.news.mn

Just like Ubike, a new scooter sharing service will be launched in Ulaanbaatar, the capital city of Mongolia. The 100 percent electronic U-scooter service will begin from May next year.

Earlier today, S.Batbold, Mayor of Ulaanbaatar, introduced a model of the U-scooter project. He noted that Ulaanbaatar is one of the world’s 455 metropolitan cities and U-scooter service is newest big-city eco transport trend.

With a speed of up to 25 km per hour and with a range of 20-30 km on one charge, U-scooters can be hired using a mobile app.

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Tencent Music aims to raise $1 billion by going public in the US www.cnn.com

Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company.
The company set a placeholder target of $1 billion, which could value the company between $25 and $30 billion, according to its SEC filing.

That amount would mark the third largest Chinese IPO to list in the United States since the beginning of 2018, according to data provider Dealogic. The Netflix-like video platform iQIYI raised $2.3 billion and social shopping app Pinduoduo raised $1.6 billion.

Tencent Music dominates the music streaming market in China through its Spotify-like apps. The company revealed in its SEC filing that its services have more than 800 million monthly active users. Spotify owns a 9% stake in Tencent Music.

The entertainment subsidiary of Tencent reported a profit of $263 million for the first six months of 2018, with revenue of $1.3 billion.

"We are pioneering the way people enjoy online music and music-centric social entertainment services," it said in a filing, adding that it predicts the number of people that pay for music in China will "more than quadruple between 2017 and 2023."

The symbol would be TME, but the company hasn't yet decided which listing exchange to trade. It could choose either the Nasdaq or the New York Stock Exchange.

CNN first reported that Tencent Music was mulling an IPO in the United States in July.

Tencent Music's IPO follows a flurry of big listings by Chinese tech companies in recent months, including smartphone maker Xiaomi and online services provider Meituan Dianping.

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Mongolia aims to earn 1 bln USD from gold sector www.china.org.cn

ULAN BATOR, Oct. 3 (Xinhua) -- Mongolia has set a goal of earning one billion U.S. dollars from the gold sector in coming years, the country's Minister of Mining and Heavy Industry Dolgorsuren Sumiyabazar said Tuesday.

Sumiyabazar made the remarks in a speech delivered at the opening ceremony of a meeting discussing the current situation of the Mongolian gold sector, challenges facing gold miners and investment in the industry.

To achieve the goal, the Ministry of Mining and Heavy Industry is planning to implement a policy to shift from placer gold mining to lode deposits in the coming five years as placer deposits are close to exhaustion, he said.

According to the country's central bank, gold miners submitted 20.01 tons of gold to the central bank in 2017, contributing about 800 million dollars to the state budget. Enditem

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DAN recognition system introduced www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian National Data center has introduced DAN digital recognition system to the public during ICT Expo 2018, held between September 30 and October 2.

DAN system, next version of the KHUR digital service system, identifies and verifies person online, allowing citizens to have online services and the system is able to work closely with non-interrelated private and public service systems.

With the purpose to develop the electronic governance by the Communication and Information Technology Authority and the Mongolian National Data Center have developed the state information exchange “KHUR” system, which is the base of digital service and introduced to the service from January of last year.

Opening ceremony of the data center for KHUR system took place on October 01 in Dariganga soum, Sukhbaatar aimag as the first local area to introduce the system and the ceremony was aired live during the ICT Expo. Therefore, residents of Dariganga soum are now able to receive public services without going to the aimag centre. They also are given the chance to change their SIM cards and purchase phone numbers. When getting services, it is enough that the citizens have their finger prints read. Previously, the client who requested to get services required to collect different types of inquiries and other documents.

The systems have been developed to make services and activities of the state as well as private organizations towards citizens more accessible, citizen-centered, transparent and quick.

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Meeting with authorities of Rosneft Public Joint Stock Company of Russia www.montsame.mn

Chief of Staff of the President of Mongolia Mr Z.Enkhbold received on Tuesday top officials at the “Rosneft” Public Joint Stock Company, including the First Vice-President Pavel Fedorov, Vice President Otabek Karimov, Vice President Yuri Kalinin and Chief Geologist Andrey Lazeev. At the beginning of the meeting, the officials of the Russian company touched upon the increasing oil demand in Mongolia and held an extensive discussion on means to meet this demand and the exploitation, refinery and export of oil in Mongolia. At the end of the meeting, Rosneft Company informed that it will be donating EUR 8 million for the purpose of redeveloping the Khalkhgol soum center, Dornod province, in frames of the Mongolian-Russian joint celebration of the 80th anniversary of the victory of the battle in the Khalkha River. Chief of Staff Mr Z.Enkhbold expressed his gratitude for the donation and wished a bright future for the Company.

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Dutch Development Bank Arranges USD 120 million loan to Khan Bank www.montsame.mn

Ulaanbaatar /MONTSAME/ The Dutch Development Bank FMO arranged a USD120 million loan to Khan Bank, Mongolia’s leading universal bank. This USD 120 million loan (equivalent to MNT 300 billion) is the largest loan in Khan Bank’s history and will strengthen its strategy to reach out to even the most remote areas of Mongolia. The financing signals FMO’s long-term commitment to the Mongolian market and is expected to pave the way for additional funding from other financial institutions.

Khan Bank is a robust institution with prudent management and a leader in digital banking. The loan will support Khan Bank’s successful growth and will expand access to financing for small and medium-sized enterprises.

Through its extensive network of 536 branches nationwide, Khan Bank provides banking services to an estimated 70% of Mongolian households. The bank provides comprehensive banking services and access to finance to individuals, small and medium-sized enterprises (SME) and corporate customers in even the most remote areas of the vast country. Khan Bank has been a client of FMO since 2009 and is an important partner in Mongolia.

The USD 120 million syndicated loan facility supports Khan Bank's ambition to remain the country’s leading SME and retail bank reaching out to most people in Mongolia. The term facility will also contribute to Khan Bank’s funding stability. In addition to the loan facility, capacity development support will be provided to further strengthen the bank’s environmental and social management system. The inclusiveness and developmental impact of the facility is good through the bank’s strong remote outreach, significant SME portfolio and the bank’s steps to further digitalize banking activities.

FMO commits USD 45 million and in addition mobilized funding from diverse international financing partners: The German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH commits USD 23 million. The International Investment Bank (IIB) commits USD 20 million, the Belgian Investment Company for Developing Countries (BIO) commits USD 17 million and the Development Bank of Austria (OeEB) commits USD 15 million.

John Bell, CEO of Khan Bank commented to the occasion, “With shrinking foreign investment in Mongolia due to an economic downturn in recent years, this syndicated loan facility of USD 120 million from leading international financial institutions is critical not only for Khan Bank’s customers, but also for the overall economy. It is a promising manifestation of increasing confidence of investors in Mongolia. Khan Bank is honored to be leading the way forward.”

Linda Broekhuizen, Chief Investment Officer of FMO commented: “We feel privileged to build further on our warm and longstanding relationship with Khan Bank. This facility will help ensure that more than 2.4 million people from every part of Mongolia can benefit from the country’s development”.

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Mongolia's central bank purchases 14.3 tons of gold in 1st 3 quarters www.xinhuanet.com

ULAN BATOR, Oct. 2 (Xinhua) -- The Bank of Mongolia has purchased 14.3 tons of gold from legal entities and individuals in the first three quarters of the year.

The figure is a drop of 378 kg from the same period last year, the bank said in a statement on Monday.

As of September, the bank's average gold purchase price was 96,204.31 Mongolian Tugrik (around 38 U.S. dollars) per gram.

The Bank of Mongolia plans to buy 22 tons of gold by the end of the year.

The country's central bank launched a five-month campaign called National Gold to the Fund of Treasures in May, aiming to encourage gold miners and individuals to sell gold to banks.

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Spy arrest! Foreigner arrested in Ulaanbaatar www.news.mn

A foreign citizen was taken into custody in C block of the Golomt apartment complex, which is located near the Western Road Intersection in Ulaanbaatar, earlier today (2 October). According to the General Intelligence Agency of Mongolia, the unnamed foreign national living in Ulaanbaatar was arrested on Tuesday for allegedly spying. Furthermore, intelligence officers have seized four boxes of evidence from the home the suspect. The special operation lasted for two hours and shocked neighbours.

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

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Partners announce $31bn Canada LNG project gets go ahead www.bbc.com

A major C$40bn ($31.9bn; £24.6bn) liquefied natural gas (LNG) project in Canada has received the go-ahead from its partners.

The project is a joint venture between Royal Dutch Shell, Malaysia's Petronas, PetroChina, Korea Gas Corporation, and Japan's Mitsubishi Corporation.

It is the single largest private sector investment project in Canada's history.

The project is expected to supply 26m tons of LNG exported annually to emerging Asian markets.

Canada is committing C$275m in federal support to the LNG Canada project for infrastructure and marine and environmental protection.

LNG Canada is the joint venture company representing the five partners. LNG Canada partners announced their positive final investment decision late on Monday.

The project "is a vote of confidence in a country that recognises the need to develop our energy in way that takes the environment into account, and that works in meaningful partnership with Indigenous communities", said Canadian Prime Minister Justin Trudeau on Tuesday.

The project is expected to have the lowest carbon intensity of any large LNG facility in the world, he said.

The LNG facility will be built in Kitimat, a town in north-western British Columbia (BC).

Construction on the project is expected to begin this year, with a large-scale LNG export terminal in service by 2024.

With a terminal on Canada's pacific coast, BC LNG will be able to be shipped to energy hungry markets in Tokyo or Shanghai within 10 days.

Getting the LNG project off the ground could be considered a win for the Trudeau government, which has struggled to get major energy projects built in Canada.

Canada to buy Kinder Morgan pipeline assets
Royal Dutch Shell, which has a 40% working interest in the project, is banking on global demand for LNG to double by 2035, much of it driven by Asian markets where natural gas is expected to replace coal use.

The project had been in the works for years but faced a significant delay in 2016 amid weak LNG prices.

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Mongolia to send military personnel to Afghanistan for NATO-led mission www.xinhuanet.com

ULAN BATOR, Oct. 1 (Xinhua) -- Mongolia will send its 8th contingent military personnel to Afghanistan on a NATO-led mission, authorities said on Monday.

"The 113-member contingent will depart from the Mongolian capital Ulan Bator on Thursday to participate in the NATO-led Resolute Support Mission (RSM)," Enkhjargal Batjargal, captain and public relations officer of the General Staff of the Mongolian Armed Forces, told Xinhua.

The contingent will be stationed near the Afghan capital of Kabul, and will focus on advice, support and training of the country's security forces, he said. The RSM is a NATO-led mission launched in January 2015.

According to the captain, a total of more than 4,500 Mongolian military personnel have participated in NATO-led missions in Afghanistan since 2003.

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