1 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      2 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      3 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      4 MONGOLIAN FOREIGN MINISTER RECEIVES CARDANO BLOCKCHAIN FOUNDER WWW.NEWS.MN PUBLISHED:2018/09/19      5 ERDENE ANNOUNCES RESOURCE ESTIMATE FOR THE HIGH-GRADE KHUNDII GOLD PROJECT WWW.GLOBENEWSWIRE.COM PUBLISHED:2018/09/19      6 RUSSIAN GIANT COPPER PROJECT IN TALKS TO RAISE $1.25B WWW.REUTERS.COM PUBLISHED:2018/09/19      7 MONGOLIA GRADUALLY WITNESSING PROGRESS IN TOURISM WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2018/09/19      8 CHINA, MONGOLIA, RUSSIA PUSH FOR ‘ECONOMIC CORRIDOR’ WWW.RUSSIABUSINESSTODAY.COM PUBLISHED:2018/09/19      9 EXPERTS FROM CHINA, MONGOLIA, RUSSIA TALK ON CONSTRUCTION OF ECONOMIC CORRIDOR WWW.XINHUANET.COM PUBLISHED:2018/09/19      10 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ӨНӨӨДӨР ТӨВ ТАЛБАЙД 4000 АЖЛЫН БАЙРАНД БҮРТГЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/19     ЗАЛУУЧУУДЫН ГАРААНЫ БИЗНЕСИЙН ШАЛГАРСАН ТӨСӨЛД 10,0 САЯ ТӨГРӨГИЙН ДЭМЖЛЭГ ҮЗҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/19     WORLD ECONOMICS: МОНГОЛЫН АЖИЛ ЭРХЛЭЛТИЙН ТҮВШИН СҮҮЛИЙН 5 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ERD: "ХӨНДИЙ" АЛТНЫ ТӨСЛИЙН ТОГТООГДСОН НӨӨЦ 751 МЯНГАН УНЦ АЛТ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ХЯТАДЫН $200 ТЭРБУМЫН ИМПОРТОД ТАРИФ ТОГТООВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/19     ШИВЭЭХҮРЭН БООМТООР ХОНОГТ 60-80 МЯНГАН ТОНН НҮҮРС ЭКСПОРТОЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/19     БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18    

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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Mongolian tugrik weakens against US dollar www.gogo.mn

The Mongolian currency, Tugrik weakened to 2420 against the US dollar today, according to the Naiman sharga currency exchange center. 
Before the Naadam festival, Tugrik has strengthened to 2300 against the US dollar. 
Due to the sudden increase in US dollar, Central Bank of Mongolia issued 1-week bills worth MNT 604billion at a weighted interest rate of 12.0 percent per annum on Jul 17th and sold it to the commercial banks.

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BoM issues 1-week bills www.montsame.mn

Ulaanbaatar /MONTSAME/ BoM issues 1 week bills worth MNT 604billion at a weighted interest rate of 12.0 percent per annum

1 - week CBBs, a main monetary policy instrument of BoM, plays an important role on managing the reserves of the banks. This CBB rate represents BoM’s policy rate guides interbank money market. In July 2007, the CBB with stable rate and unlimited bidding was introduced with auctions to be held on every Wednesday. This really had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. There has been a substantial change in the way banks manage their reserves since then. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB has been held in a type of competing by rate since May 2005. The auction average rate is the targeted rate variables in +/-2 percent from the policy rate and it frames to make the interbank rate as the operational target in midterm.
Source: Bank of Mongolia

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Initiative a win-win deal for China and Mongolia www.chinadaily.com

By Meng Gencang: Khaltmaa Battulga of the Democratic Party was sworn in as the fifth president of Mongolia on July 10 after winning the runoff election with 50.6 percent votes. The 54-year-old business tycoon and former judo champion has vowed to revive Mongolia's flagging economy and pursue equality-based relationships with neighboring Russia and China.
In his inauguration speech, Battulga emphasized that Mongolia should also take measures to strengthen its relations with the "third neighbors"-the United States, Japan, Germany and other countries-beyond its two giant neighbors.

Although some of Battulga's supporters sent out random negative messages about China during the presidential campaign, China-Mongolia cooperation will continue on the basis of mutual benefit.

On July 11, Chinese President Xi Jinping congratulated Battulga for taking the office of Mongolia's president. A day before that, Battulga met with China's ambassador to Mongolia Xing Haiming and exchanged views on China-Mongolia relations and cooperation. Xing said China and Mongolia are friendly neighbors, and Beijing attached great importance to the two countries' ties. Battulga, on his part, said Mongolia and China have always been good neighbors and should enhance the synergy between Mongolia's Development Road strategy and China's Belt and Road Initiative.

The China-led Belt and Road Initiative and Mongolia's Development Road strategy have many common concepts and contents, indicating the two countries have a bright cooperative future. The Belt and Road Initiative aims at sharing resources, technologies and expertise with its neighboring and other countries.

On Sept 11, 2014, Xi proposed the "China-Russia-Mongolia Economic Corridor" and received positive responses from Moscow and Ulaanbaatar. In July 2015, the leaders of the three countries held a meeting in Ufa, Russia, and agreed to dovetail the Silk Road Economic Belt with Russia's "Transcontinental Rail Plan" and Mongolia's "Prairie Road Program" (which became Development Road strategy in 2017), and push forward the construction of the China-proposed trilateral economic corridor.

Mongolia is situated along the Silk Road Economic Belt, the overland route of the Belt and Road Initiative which also comprises the 21st Century Maritime Silk Road, making China-Mongolia cooperation a key part of the implementation of the initiative.

Mongolia proposed the Prairie Road Program in 2014 to connect China and Russia through Mongolia with "five lines"-roads, railway, oil pipelines, gas pipelines and power lines. On May 12 this year, Xi met with Mongolian Prime Minister Jargaltulga Erdenebat at the Belt and Road Forum for International Cooperation in Beijing and said China supported Mongolia's role as a bridge between China and Russia. Therefore, China-Mongolia all-round cooperation will be mutually beneficial.

Another important fact is that China and Mongolia are economically complementary and thus ideal for economic cooperation. China has been Mongolia's largest investment and trading partner for more than a decade. Mongolia mainly exports natural resources, fur and raw materials to China, and imports gas, diesel, food, and machinery and equipment from China.

As a frontier market state, Mongolia is in the initial stage of prospecting natural resources and pursuing industrial development. It therefore needs Chinese investments and technology in the mining industry, which is an important pillar of its economy. The Belt and Road Initiative has brought great opportunities to Mongolia, by helping deepen bilateral cooperation in various fields such as minerals, infrastructure and connectivity. So, it will enjoy greater benefits by participating in the Belt and Road Initiative.

China is also vital to Mongolia's national security in geopolitical terms. Located between Russia and China, having good relationships with its two giant neighbors is Mongolia's top priority. Although Battulga emphasized that Mongolia should also try to strengthen relations with "third neighbors", Mongolia's geopolitical position demands that it maintain friendly ties with Russia and China.

Moreover, no country can develop in isolation in the era of globalization, and Mongolia can benefit from China's robust economic growth by participating in the Belt and Road Initiative. Minerals and infrastructure construction form the backbone of the two countries' economic cooperation today. And there is enough reason for the two sides to deepen cooperation in fields such as e-commerce, and digital economy.

The author is an assistant researcher at the Inner Mongolia Academy of Social Sciences.

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China's second quarter growth beats expectations at 6.9% www.bbc.com


The growth rate, which compares expansion with the same three months in the previous year, was the same as in the first quarter of 2017.
Beijing is trying to rein in debt and a housing bubble with tough measures on the property sector and lenders.
Many analysts expected China's economy to slow as those policies kicked in.
But the latest data is well above Beijing's 6.5% growth target for 2017.
Limited impact
Despite efforts to slow down the housing market, property investment grew by 8.5% in the first half, which is up from the same period in 2016.
Some analysts are predicting that tighter lending rules may not have the cooling effect that many expected.
"Property prices will have an impact in the second half, but the impact might not be as big as we thought. It is only on prime cities. The third-tier and fourth-tier cities might catch up a little bit and that will offset some of the slowdown in first tier cities," said Iris Pang, Greater China Economist with ING.
China's economy grew at its weakest pace in 26 years during 2016, but other data released on Monday added to the picture of rebounding growth for the Chinese economy.
Industrial output for June grew by 7.6%, well above the forecast 6.5%.
Retail spending grew 11% last month compared with June 2016.
And growth in both imports and exports also came in above expectations.
 
 
 
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Mongolia’s first satellite starts operations in space www.news.mn

'Mazaalai', Mongolia's first satellite of, began its operations in space last week, offering high resolution images of the Earth from an altitude of 400 kilometers; it also broadcasted the country's national anthem.

The spacecraft will perform experiments such as locating the position using a reverse GPS method with the help of seven international land stations of the Birds project, determine the air density, and investigate cosmic radiation in low Earth orbit.

Ya.Tumurbaatar, dean of the National University of Mongolia, said that by receiving real-time high-resolution images from space, natural disasters such as forest fires, snow, drought, storms, rain and floods could be prevented.

The satellite is named after the Mongolian name for the rare Gobi bear.

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President of Mongolia received his first guests www.http://annx.asianews.network

ULAANBAATAR (GoGo Mongolia/ANN) - On July 10, the President of Mongolia Khaltmaagiin Battulga welcomed his first guests just after he took the office.

At first, he welcomed the Russian representatives led by Igor Levitin, Aide to the President of the Russian Federation. It was highlighted that Igor Levitin was the first guest to be welcomed by President Battulga, after his inauguration. At the meeting, President Battulga noted: “Today, after having sworn as the President, I received a congratulatory telegram from the President of the Russian Federation Vladimir Putin. I would like to express my appreciation to him”.

During the meeting, the parties discussed issues of mutual relations and cooperation.

Minister of Foreign Affairs Ts.Munkh-Orgil, Chief of Staff of the President Z.Enkhbold, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation B.Delgermaa, and other officials were present at the meeting.

Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia Iskander K.Azizov, acting Head of the Republic of Buryatia Alexey S.Tsydenov, Speaker of the People's Khural of Buryatia Ts.E.Dorjiev, and other officials accompanied Igor Levitin, Aide to the President of the Russian Federation.

Following the President of Mongolia Khaltmaagiin Battulga welcomed M.Hayashi, Aide to the President of Japan, Chair of the Japan-Mongolia Friendship Group of the House of Representatives of Japan.

Hayashi handed over the Prime Minister of Japan Shinzo Abe’s telegram of congratulation to the President of Mongolia.

Then, they exchanged views on issues of bilateral relations between the two countries.

At the meeting, Minister of Foreign Affairs Ts.Munkh-Orgil, Chief of Staff of the President Z.Enkhbold, Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia MasatoTakaoka and other officials from both sides were present.

Then the President of Mongolia Khaltmaagiin Battulga met with the Ambassador of the European Union to Mongolia Hans Dietmar Schweisgut.

Hans Dietmar Schweisgut congratulated President Battulga and conveyed greetings from the President of the European Council and the President of the European Commission to the President of Mongolia.

The parties shared their opinion on strengthening the relations between Mongolia and the European Union.

Minister of Foreign Affairs Ts.Munkh-Orgil, Chief of Staff of the President Z.Enkhbold, and other representatives were present at the meeting.

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Military personnel to be mobilized to firefighting www.montsame.mn

Ulaanbaatar /MONTSAME/ An irregular cabinet meeting was held on 16 July and decisions on measures to be taken for wildfire fighting were made.
Prime Minister J.Erdenebat instructed to mobilize a number of officers and equipment from the Armed Forces, even though, the National Emergency Management Agency (NEMA) earlier reported such need had not yet been raised.

According to the decision, 24 military officers started working on the wildfire scene in Erdene soum of Tuv aimag.
Relevant Ministers and authorities were assigned to take the following measures:

- To mobilize firefighters and equipment of the Civil Aviation Authority and Ulaanbaatar Railway.
- To study and introduce proposals to the Cabinet meeting on purchase of special fire extinguishing aircraft
- To grant incentives to people, who are working in firefighting, financing from budget expenditure for public works and services
- To make large-size water transporting vehicles, owned by companies and entities, prepared and ready
- To send additional medical teams to the wildfire region

Moreover, necessary funding will be provided for cloud seeding as well as inviting from abroad a professional team of a special aircraft, equipped for transporting 4 tons of water and sprinkling it from air and training the personnel. The ministers and authorities were also instructed to intensify enforcement of the temporary ban on travel in green zones and to strengthen the control.

Cloud seeding brought rainfall in wildfire burning areas

Following to the ordinance given by Prime Minister J.Erdenebat on 15 July, a team headed by S.Enkhtuvshin, chairman of the Meteorological and Environmental Monitoring Agency, worked in wildfire burning areas, conducting cloud seeding operations.
As a result of many days of observations and the cloud seeding, Mandal and Yeroo soums of Selenge Aimag and Batsumber soum of Tuv aimag had rainfalls. The rainfall is expected to continue the next few days.

Donation of MNT300 million collected
According to NEMA authorities, people’s donations of cash and staff for fire extinguishing operations and fire fighters have reached over MNT300 million.
B.Ooluun

 
 
 
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China protests Dalai Lama's visit to Botswana www.nhk.or.jp

China is putting pressure on the government of Botswana to cancel a planned visit next month by the exiled Tibetan spiritual leader, the Dalai Lama, to the southern African country.

The office of Botswana's President Ian Khama said last week that the Dalai Lama is being invited to a human rights conference in the capital Gaborone in mid-August.

The office added that the Dalai Lama is also scheduled to meet President Khama.

At a news conference on Friday, Chinese Foreign Ministry Spokesperson Geng Shuang mentioned the Dalai Lama, who seeks greater autonomy for Tibet.

Geng said "China is firmly opposed to Dalai's trip to any country for activities aimed at splitting China in any capacity or name, and contact with any official in any form in any country."

China is increasing its influence in Africa by accelerating its economic expansion on the continent.

Botswana's neighbor, South Africa, defied domestic and international criticism to repeatedly deny the Dalai Lama a visa.

Botswana's economic ties with China are also deepening as Chinese companies are investing in the country's infrastructure, such as power plants.

But Botswana's government is not always in favor of China. Last year, it issued a statement that insinuated criticism of Beijing over the territorial dispute in the South China Sea.

 
 
 
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MNT5.3 billion Government securities traded www.montsame.mn

Ulaanbaatar /MONTSAME/ Today, 16 July, the Mongolian stock exchange traded 31.895 units of Government securities with 28 week- term and 11.833 per cent annual interest, at MNT3 billion. Moreover, 25.762 units of Government securities with 52 week term and 11.702 per cent annual interest have been sold at MNT2.3 billion, totaling MNT5.3 billion of Government securities sold.
Most active brokerage companies in today’s trade were Novel investment, Gauli, Mire Asset Securities Mongolia, Sikal and Golomt capital.

B.Ooluun

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Forest fires hit northern Mongolia www.xinhuanet.com

ULAN BATOR, July 16 (Xinhua) -- Mongolia's National Emergency Management Agency (NEMA) announced here on Saturday that 11 forest fires are still raging in northern Mongolia and the government has decided to deploy more resources to extinguish the fires.
All NEMA members along with local volunteers are currently fighting the forest fires on the frontline. But they are also facing a serious shortage of fire extinguishing equipment.
Mongolian President Khaltmaa Battulga discussed with Prime Minister Jargaltulga Erdenebat on Saturday the issue of fighting forest fires in the most affected territory of Selenge and Tuv aimags.
The Mongolian government also held an emergency meeting here on Saturday, and decided to temporarily prohibit all residents and tourists from entering forest areas.
The government has also decided to deploy more emergency equipment to the NEMA and make artificial rainfall depending on local weather situations.
Since early July, more than 20 forest fires have hit northern Mongolia, including areas near the capital city of Ulan Bator, Tuv aimag, Selenge aimag and Bulgan aimag.
Hundreds of young Mongolians have spontaneously gathered through social media to join the fight against the forest fires. NEMA has expressed concern over the voluntary rescue and called on the public to stay away from the core areas of the forest fires in case of accidents.

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