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

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S.Sukhbold reports on human rights policy of Mongolia at UNGA session www.montsame.mn

Ulaanbaatar /MONTSAME/ Permanent Representative of Mongolia to the United Nations S.Sukhbold delivered a speech at a plenary meeting of the 72nd Session of the UN General Assembly held on November 2 in New York, USA.

Through his speech, S.Sukbold presented ongoing policy and goals of the Mongolian Government on protection of human rights, as Mongolia is a member of the United Nations Human Rights Council (UNHRC). At the plenary meeting, countries discussed the UNHRC’s Annual Report, and concluded activities done last year.

During the 70th UN General Assembly in 2015, Mongolia was elected a member of the UNHRC in a term from 2016 to 2018.

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Oil hits highest levels since 2015 amid tightening markets, Saudi purge www.reuters.com

SINGAPORE (Reuters) - Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.

Brent futures LCOc1, the international benchmark for oil prices, hit $62.44 per barrel early on Monday, their highest level since July 2015. Brent was at $62.27 per barrel at 0230 GMT, up 20 cents, or 0.3 percent from the last close and 40 percent above June’s 2017 lows.

U.S. West Texas Intermediate (WTI) crude CLc1 hit $56.00 per barrel in early trading, also the highest since July 2015, and was at $55.79, up 15 cents, or 0.3 percent from the last settlement. WTI is a third above its 2017 lows.

Crown Prince Mohammed bin Salman, also known as MBS, has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including prominent business billionaire Alwaleed bin Talal and the head of the National Guard, Prince Miteb bin Abdullah.

RBC Capital Markets said in a note that although the “purge represents a stunning political development in Saudi Arabia,” it expected “no immediate changes” in the oil policy of Saudi Arabia, which is the world’s biggest exporter of crude oil.

“MBS seems strongly committed to anchoring the OPEC agreement deep into 2018 and moving ahead with the Aramco sale,” RBC said.

Bin Salman’s reforms include a plan to list parts of giant state-owned oil company Saudi Aramco next year, and a higher oil prices is seen as beneficial for the market capitalization of the future listed company.

In oil fundamentals, traders said that there were ongoing signs of tightening market conditions.

U.S. energy companies cut eight oil rigs last week, to 729, in the biggest reduction since May 2016.

The decline in U.S. drilling activity comes as the Organization of the Petroleum Exporting Countries (OPEC) and a non-OPEC group lead by Russia have pledged to hold back about 1.8 million barrels per day (bpd) in oil production to tighten markets.

The pact to withhold supplies runs to March 2018, but there is growing consensus to extend the deal.

While supplies are tightening, analysts say demand remains strong.

“Synchronous global economic growth and new supply disruptions are creating the most constructive oil price environment since ... 2014,” Barclays bank said.

The British bank said it was raising its average Q4 Brent price forecast by $6 per barrel to $60 per barrel.

”The surprisingly strong macro backdrop and the accelerated inventory drawdown mean that these slightly higher price levels are likely to be sustained through Q1 of next year.

Barclays said it raised its full-year 2018 forecast by $3 per barrel to $55 per barrel.

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Energy stocks gain as Brent crude touches new 2-year high www.ft.com

Energy stocks rose in Sydney on Monday as the price of oil looked set for a solid week in the face of growing risk in the international oil market.

The S&P/ASX 200 Energy index was 1.3 per cent higher on Monday with Santos up 2.5 per cent, while Beach Energy and Woodside Petroleum added 2.3 per cent and 1.8 per cent, respectively.

International benchmark Brent crude was at a fresh two-year high on Monday, up 0.4 per cent in Asia trading at $62.30 a barrel. West Texas Intermediate, the US marker, was up 0.4 per cent at $58.85.

ANZ analysts said in a research note that burgeoning supply-side issues “should see oil prices remain well supported this week”, with momentum building in the Middle East for an extension to the current production cut agreement, in addition to debt concerns in Venezuela and armed conflict in Nigeria.

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Emir sends written message to president of Mongolia www.qatar-tribune.com

The Emir His Highness Sheikh Tamim bin Hamad al Thani sent a written message to President of Mongolia Khaltmaagiin Battulga on Saturday, pertaining to the relations between the two countries and means to develop them. Qatar's Non-Resident Ambassador to Mongolia HE Sultan bin Salmeen al Mansouri handed over the message during a meeting with the Mongolian president on Saturday. (QNA)

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Asia shares near decade highs, currencies tread water www.reuters.com

SYDNEY (Reuters) - Asian shares hovered near decade highs on Monday as strong U.S. economic data and corporate earnings supported global stocks while major currencies held in tight ranges as investors focused on U.S. President Donald Trump’s tour of Asia this week.

Trump ramped up his tough rhetoric against North Korea as he kicked off a 12-day Asian trip on Sunday, saying the United States and its allies are prepared to defend freedom.

The U.S. president wants a united front with the leaders of Japan and South Korea before he visits Beijing to make the case to Chinese President Xi Jinping that more needs to be done to rein in Pyongyang. Trump also plans to meet Russian President Vladimir Putin during his trip.

While investors were on edge about the outcome of these high-stake meetings, sentiment has generally been buoyed by upbeat economic data in the United States.

“Global growth is a mature theme, and notably, we have seen real improvement in Europe, while in the U.S. the data is humming along nicely,” said Chris Weston, senior market strategist at I.G. Markets.

U.S. non-manufacturing purchasing managers’ index rose to its highest level since 2005, figures out on Friday showed. New orders for U.S.-made goods gained for the second straight month in September and orders for core capital goods surpassed expectations.

“The wash-up after all the data flow was a further belief that the U.S. Federal Reserve can lift rates in December,” said Weston.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was a touch softer at 556.39, but within striking distance of Friday’s top of 557.93 which was the highest since November 2007.

Australian shares traded around levels not seen since April 2015 at 5,956.90 points while Japan's Nikkei .N225 advanced further to a 21-year peak.

Wall Street had a field day again on Friday, with the Dow Jones Industrial Average .DJI up 0.1 percent, the S&P 500 .SPX gaining 0.31 percent and the Nasdaq .IXIC adding 0.74 percent.

Apple Inc (AAPL.O) gave the biggest boost to each of the three indexes after its stronger-than-expected results on Thursday.

Long queues formed outside the company’s stores in Asia and Europe on Friday as fans flocked to buy the new iPhone X, and the U.S. company moved closer to a $1 trillion market capitalization.

U.S. tax reform is also going to be a focus with the House Ways and Means Committee allowing amendments to the bill from Monday, while the Senate is expected to release its own version of the bill on Wednesday.

The degree of differences between the two bills will set the tone in terms of tax reform expectations.

The dollar index .DXY, which measures the U.S. dollar against a basket of currencies, held near four-month highs, while the euro EUR= trod water to loiter around its lowest since July.

Oil rose to the highest in more than two years after U.S. rig data suggested drilling in the United States would throttle back.

Brent futures LCOc1 were up 24 cents at $62.31 a barrel, the highest since July 2015. U.S. crude CLc1 added 16 cents to 55.80.

Spot gold XAU= was steady at $1269.61 an ounce.

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China online shopping: Dishonest websites face fines www.bbc.com

China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products.
Vendors who delete negative online reviews or post fake positive reviews face a minimum $30,000 (£23,000) fine.
The new law aims to clean up China's internet shopping websites just before Singles Day - the country's busiest online shopping day of the year.
Last year's Singles Day saw sales worth almost $18bn (£13.7bn) in 24 hours.
Chinese consumers placed 657 million orders.

The authorities are also trying to stop the use of a technique known as brushing - when vendors stage fictitious sales in order to boost their standing in website search results.
China in August launched a digital "cyber-court" to help deal with a rise in the number of internet-related claims, including online shopping disputes.
Singles Day is held every year on 11 November. The day is also referred to as Double Eleven because of its date.

Originally claimed as a celebration for China's young singletons, Alibaba turned it into a shopping bonanza in 2009.
While Alibaba is undeniably the driving force behind the event, other retailers have also started to piggyback off the idea, including extending it to Hong Kong and Taiwan.
In August Alibaba reported strong earnings, posting a 56% rise in quarterly revenue.
Analysts say that Asia in general and China in particular are at the centre of the global shift towards e-commerce.

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Mongolia Strengthens Business Environment with Better Access to Credit for SMEs and Movable Collateral Registry Reforms www.finchannel.com

The FINANCIAL -- Governments in 119 economies carried out 264 business reforms in the past year to create jobs, attract investment and become more competitive, says the World Bank Group’s latest Doing Business 2018: Reforming to Create Jobs report, which monitors the ease of doing business for small and medium enterprises around the world.

Developing countries carried out 206 reforms, accounting for 78 percent of the total reforms, with Sub-Saharan Africa implementing 83 reforms and South Asia implementing a record 20 reforms. A large number of reforms centered on improving access to credit and registering a new business, with 38 reforms each, as well as facilitating cross border trade, with 33 reforms.

Business reforms continued at speed in East Asia and Pacific, with regional economies adopting 45 reforms during the past year. The region is home to two of the world’s top 10 ranked economies, Singapore and Hong Kong SAR, China, and two of this year’s top 10 improvers, Brunei Darussalam (for a second consecutive year) and Thailand.

Mongolia implemented substantive reforms to boost SME financing through Secured Transactions Reform project. Access to finance is a challenge faced by many Mongolian SMEs, which struggle to obtain bank loans as they do not own land or buildings that banks generally seek as collateral.

To address this issue, the International Finance Corporation (IFC), a member of the World Bank Group, and the Ministry of Justice have partnered with the Bank of Mongolia, Mongolia Bankers’ Association, and other stakeholders since 2013 to help reform the country’s secured transactions system to unlock affordable financing for SMEs. As part of the reform, a web-based pledge-notice registry was launched in February 2017, enabling creditors to search for existing interests on movable assets that they intend to use as collateral and to file security interest on their approved collaterals. In addition, the IFC-supported Law on Tangible and Intangible Movable Property Pledge went into effect on March 1, 2017. The new law, along with the registry, allows SMEs to offer moveable assets such as accounts receivable, inventory, livestock, equipment, and future income as collateral to banks – a major move to improve access to finance for SMEs. The system also reduces the need for paper documents and notifies creation of pledge-rights to existing and prospective lenders.

To date, around 90,000 pledge-notices have been registered, 38 percent of which is equipment, 24 percent is livestock, 5.4 percent is account receivables, and 2.0 percent is vehicles. Women account for 24 percent of the total borrowers.

“We are very encouraged to see the strong early results from this project” said Tuyen D. Nguyen, IFC Resident Representative in Mongolia. “Mobilizing movable collateral to boost access to finance, especially for MSMEs, can play a significant role in Mongolia’s sustainable economic recovery and job creation.”

In its annual ease of doing business rankings, New Zealand, Singapore and Denmark retained their first, second and third spots, respectively, followed by Republic of Korea; Hong Kong SAR, China; United States; United Kingdom; Norway; Georgia; and Sweden.

This year’s top 10 improvers, based on reforms undertaken, are Brunei Darussalam; Thailand; Malawi; Kosovo; India; Uzbekistan; Zambia; Nigeria; Djibouti; and El Salvador. For the first time, the group of top 10 improvers includes economies of all income levels and sizes, with half being top improvers for the first time – El Salvador, India, Malawi, Nigeria, and Thailand.

The report also monitors hurdles faced specifically by women in the areas of Starting a Business, Registering Property and Enforcing Contracts. This year’s report records a welcome reform by the Democratic Republic of Congo, which eliminated the requirement for women to obtain their husband’s permission to register a business. However, 36 economies continue to place obstacles for women entrepreneurs, with 22 economies imposing additional steps for married women to start a business and 14 limiting women’s ability to own, use and transfer property.

This year’s report includes two case studies on transparency, which analyze data from business registries and land administrations and find that economies with more transparent and accessible information have lower levels of corruption and bribery. A third case study on private sector participation in formulating construction regulation finds that such rules exhibited higher costs and a propensity for conflicts of interest. A fourth case study highlights three successful insolvency reforms in France, Slovenia and Thailand, and lessons that are transferable to other economies.

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Gigantic dinosaur-eating plane-size reptile discovered in Mongolia www.foxnews.com

A monstrous, meat-eating flying reptile that had a wingspan of a small airplane, could walk on all fours and stalked its prey on land has been found in the Gobi Desert of Mongolia.

Fortunately for us humans, who would have made for a delightful midday snack, this pterosaur is dead. Long dead. Seventy million years dead.

With an approximately 36-foot wingspan, “It might have been this quite robust, formidable predator,” Mark Witton, an expert on pterosaurs at the University of Portsmouth in the U.K., told National Geographic. “They seem to be feeding on things on the ground and are generalist in their ability to grab basically whatever they can fit in their beaks.”

Thankfully, that didn’t include humans, who weren’t around at the time. Scientists think this pterosaur had to settle for a diet of little dinosaurs.

Researchers from the United States, Japan and Mongolia have been collecting the prehistoric animal’s skeletal remains since 2006, when Buuvei Mainbayar, a paleontologist from Mongolia, discovered its first fossil in the western Gobi.

Mainbayar showed the fossil to Takanobu Tsuihiji of the University of Tokyo, and “I immediately recognized that it might be a pterosaur and was astonished at its gigantic size,” Tsuihiji said. “Straight away, we went back to the site and discovered the rest of the specimen.”

What they discovered were the remains of a flying monster that would have stood 18 feet high on the ground and had a wingspan that rivaled the length of the two largest pterosaurs currently known: Quetzalcoatlus, found in Texas in the 1970s, and Hatzegopteryx, found in Romania in the 1990s.

The Mongolian pterosaur has not been declared a new species yet, because of its incomplete remains.

“Although fragmentary, the specimen is from a gigantic individual … extending the geographic range of gigantic pterosaurs to Asia,” the scientists wrote in their report, which has been published in the Journal of Vertebrate Paleontology.

 
 
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Itools IPO launches www.montsame.mn

Ulaanbaatar /MONTSAME/ Primary market order opening and the opening bell ceremony for ITools were successfully organized at the Mongolian Stock Exchange. MSE CEO Kh.Altai, ITools founder A.Battamir, ITools CEO I.Altantulga, Standard Investment Director Ch.Jargal and Mongolian Software Industry Association President J.Tamir were in attendance and struck the MSE's 5588th opening bell.

ITools was founded in 2011 and provides over 30 products and services such as domain name registration, internet and e-mail provison. The company will be offering 38.8% of its outstanding shares through its IPO and plans to expand its data center business by founding a TIER III standard Modular Data Center Park in Darkhan City.

Standard Investment is underwriting this stock offering and is receiving orders until its primary market trading commences on November 10, 2017. Detailed informational presentations are being held at the MSE daily from 12:00-13:30 until November 9th, 2017. We cordially invite interested investors to attend the presentations.

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Mongolia registered 70 new mining deposits www.news.mn

Without doubt, the mining sector is the main pillar of economic growth and development in Mongolia. In recent years, the sector has contributed to approximately 20% of the GDP, approximately 60% to industrial output and about 80% of total exports (World Bank Group).

The Mineral Council of Mongolia has reported that 70 new mining deposits were registered in the Mineral Resources Fund in August.

Of particular note, has been the inclusion of two gold deposits with 2070.2 kg, two copper deposits with 13,494,428 tonnes and 2490.9 tonnes of molybdenum.

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