1 TOP 10 RICHEST PEOPLE IN MONGOLIA 2018 MONGOLIAN BILLIONAIRES WWW.ELITESHARED.COM PUBLISHED:2018/07/22      2 IRKUTSK REGION'S EXPORT OF CHICKEN EGGS TO MONGOLIA ALMOST DOUBLED WWW.RUSEXPORTER.COM PUBLISHED:2018/07/21      3 86 PERCENT OF ACTIVE ENTITIES IN MONGOLIA HAVE UP TO 9 EMPLOYEES WWW.GOGO.MN PUBLISHED:2018/07/20      4 MONGOLIA TAKES STEPS TO BOOST CASHMERE PRODUCTION WWW.NEWS.MN PUBLISHED:2018/07/20      5 HIV INFECTIONS RISES TO 262 IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2018/07/20      6 FRONTCLEAR FACILITATES A LANDMARK TRANSACTION WITH STATE BANK MONGOLIA, EBRD AND ING BANK WWW.KTVN.COM PUBLISHED:2018/07/20      7 MONGOLIA COULD BE RIO'S COPPER GROWTH KEY WWW.MINING-JOURNAL.COM PUBLISHED:2018/07/20      8 FOREIGN OFFICE MINISTER MARK FIELD VISITS MONGOLIA WWW.GOV.UK PUBLISHED:2018/07/20      9 ZOO-BRED PRZEWALSKI’S HORSES ARE FREED INTO THE PLAINS OF MONGOLIA WHERE THEIR ANCESTORS ROAMED FOR CENTURIES HAVING BATTLED BACK FROM JUST ONE SURVIVING WILD ANIMAL WWW.DAILYMAIL.CO.UK PUBLISHED:2018/07/20      10 MONGOLIAN AND CHINESE JOINT VENTURE ESTABLISHED WWW.MONTSAME.MN PUBLISHED:2018/07/20      ТАВАНТОЛГОЙ-ЗҮҮНБАЯН ЧИГЛЭЛИЙН ТӨМӨР ЗАМЫГ БАРИХ АЖИЛ ЭХЛЭЭД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/22     ШИНЭ УРГАЦ ГАРЧ ЭХЭЛСЭН Ч НОГООНЫ ҮНЭ ӨНДӨР ХЭВЭЭР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/20     АВТОЗАМД ҮҮССЭН ХОХИРЛЫН ХЭМЖЭЭ 1,3 ТЭРБУМ ТӨГРӨГТ ХҮРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/20     BURBERRY БРЭНД 32.6 САЯ АМ.ДОЛЛАРЫН ҮНЭ БҮХИЙ БАРАА БҮТЭЭГДЭХҮҮНЭЭ ШАТААЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/20     ИРГЭДЭЭС ЦУГЛАСАН ХАНДИВААР ГАЛ УНТРААХ ТОНОГ ТӨХӨӨРӨМЖ АВЧЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2018/07/20     ГААЛИЙН БАЙГУУЛЛАГЫН ТӨСӨВТ ТӨВЛӨРҮҮЛСЭН ОРЛОГО 1.2 ИХ НАЯД ТӨГРӨГТ ХҮРЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/20     ИХ БРИТАНИЙН АЗИ НОМХОН ДАЛАЙН БҮС НУТГИЙГ ХАРИУЦСАН САЙД МАРК ФИЙЛД МХБ-Д ЗОЧИЛЛОО WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/20     ЭКО АЛТНЫ УРАМШУУЛЛЫГ МОНГОЛБАНК ОЛГОХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/20     ЯМАШИТА МАМОРҮ: МОНГОЛД ДУНДАЖ ЦАЛИНГ ТЭТГЭВРИЙН ХЭМЖЭЭТЭЙ УЯЛДУУЛЖ ТООЦОХ МЭРГЭЖЛИЙН БАГ ХЭРЭГТЭЙ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/20     ХЯТАД УЛС БИЗНЕСИЙН ОРЧНОО САЙЖРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/19    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Australia leads fight to save Trans-Pacific Partnership trade pact www.theguardian.com

 
Australia is leading the charge to save the controversial Trans-Pacific Partnership free trade deal thrown into doubt by Donald Trump’s decision to pull America out of the pact.
 
As fears rumble of a new global era of protectionism, Asia Pacific trade ministers gathered in Vietnam on Sunday with Australia, Japan and New Zealand at the forefront of efforts to save the deal.
 
The 12-nation TPP covered 40% of the global economy before Trump abruptly abandoned it in January as part of a campaign pledge to save American jobs he said had been sucked up overseas.
 
But some remaining members of the pact – the so-called TPP 11 – are desperate to keep the deal alive, believing the pact will lock-in free trade as well as boost labour rights and environmental protections.
 
After the Sunday morning meeting, the Australian minister for trade, tourism and investment, Steve Ciobo, said: “It’s important to leave the door open to the United States. It may not suit US interests at this point in time to be part of the TPP, but circumstances might change in the future.”
 
New Zealand’s trade minister, Todd McClay, told reporters that the TPP 11 “are committed to finding a way forward to deliver” the pact.
 
Trade representatives in Hanoi have said they are ready to tweak the deal to leave room for a US return, pinning hopes on a U-turn in American policy.
 
Spearheaded by former US president Barack Obama, the far-reaching TPP – which notably excludes China – would have rewritten the rules of 21st century trade and was seen as a way to counter Beijing’s regional economic dominance.
 
Reviving the TPP, even without the heft of the world’s biggest economy, would still provide ballast against China, analyst Alex Capri told AFP.
 
“The Chinese would not be particularly pleased to see the TPP go ahead even without the United States,” said Capri, a senior fellow and professor at the National University of Singapore.
 
He did not rule out the eventual return of the United States to the TPP, noting that Trump has “flip-flopped” on other campaign positions in a headline-grabbing first few months in office.
 
The TPP ministers are meeting on the sidelines of a gathering of trade ministers from the Asia-Pacific Economic Cooperation (APEC).
 
The newly-appointed US trade chief, Robert Lighthizer, attended the two-day gathering, where he was scheduled to meet one-on-one with several ministers, including from China, Canada and Mexico.
 
The Reagan-era trade veteran has been tasked with renegotiation of the North American Free Trade Agreement – another deal Trump promised to pull out of, though he later backpedalled after speaking to the leaders of Canada and Mexico.
 
The Trump administration has said it is seeking bilateral agreements over sweeping free trade pacts, and is pushing for fair trade with partners, not just free trade.
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$100 in bitcoin in 2010 now worth almost $73 million www.rt.com

 
After soaring nearly 65 percent in the last month, the digital currency bitcoin smashed the historic $2,000 mark on Saturday. The total market cap of the asset has likewise climbed to $32.92 billion.
 
The world's most popular virtual currency first broke the $1,000 valuation four years ago, but later dropped in price as a result of factors, including the implosion of the major exchange Mt. Gox.
 
Since then bitcoin has regained lost ground, more than doubling its value since the beginning of the year partly due to global political uncertainty and increased interest in Asia. Investors turned to the asset as a "safe haven" against geopolitical risks.
 
Early investors in bitcoin would stand to benefit the most if they held on to the currency. Those who bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, would now be sitting on around $72.9 million.
 
While some market observers think the rally will continue, others express concerns the asset may have entered a speculative bubble.
 
Daniel Masters, director of the regulated investment vehicle Global Advisors Bitcoin Investment Fund told Coindesk that even cryptocurrencies with smaller market caps like litecoin, ether, namecoin and ripple have all experienced strong gains over the last few months.
 
He said"sentiment [is] too strong," noting that between this and record prices for cryptocurrencies, a bubble may be forming.
 
Meanwhile, bitcoin is surging in popularity as the digital payment system that allows users anywhere in the world to transact directly without interference from intermediaries, governments, regulators or central banks.
 
On Monday Japanese carrier Peach Aviation said that by the end of this year it would start accepting the electronic currency as payment for airline tickets. Latvian airline airBaltic also said it would start accepting payment using bitcoin as it focuses on the customer.
 
The New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings and China's Huiyin Blockchain Venture Investments.
 
"In the long term, these strategic investors will help us enter additional marketplaces and territories," said Paul Chou, CEO of LedgerX.
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Manchester Arena blast: 19 dead and about 50 hurt www.bbc.com

Nineteen people have been killed and about 50 injured in a suspected terror attack at Manchester Arena.
Police were called to reports of an explosion at the venue at about 22:35 BST following a pop concert by the US singer Ariana Grande.
The cause of the blast is unknown but North West Counter Terrorism unit is treating it as a possible terrorist incident, sources have told the BBC.
Greater Manchester Police is working to set up a contact number for relatives.
Officers have told the BBC there is a second suspect device near where the first explosion occurred.
Reporters were moved away from the scene and a controlled explosion has taken place.
BBC Home Affairs Correspondent Daniel Sandford said senior counter-terrorism officers were assembling in London and liaising with the Home Office.
British Transport Police say the explosion was in the foyer area of Manchester Arena.
Manchester Victoria station, which is close to the concert venue, has been closed and all trains cancelled.

The BBC's Tim Ashburner, who is at the scene, spoke to some volunteer paramedics who treated the injured for "shrapnel-like injuries".
A number of eyewitnesses have described the confusion in the aftermath.
Andy Holey, who had gone to the arena to pick up his wife and daughter who had been at the concert, said: "As I was waiting, an explosion went off and it threw me about 30ft from one set of doors to the other set of doors.
"When I got up I saw bodies lying on the ground. My first thought was to go into the arena to try to find my family.
"When I couldn't find them, I went outside with the police and fire and looked through some of the bodies to try and find my wife and daughter.
"I managed to find them eventually and they're OK.
"It was definitely an explosion and it was some force. It happened near the box office at the entrance to the Arena."

The police activity around the arena has been huge. There are blue flashing lights and cordons seemingly on almost every street corner.
A wide area around the venue itself has been completely taped off, and the crime scene appears to be widening, with police pushing people further and further back.
I've spoken to people who are shaken, scared and often tearful. One thing that's apparent is there are many, many young people, some of them with parents or guardians. One mother told me her priority was simply to get her daughters home.
Other people have been more candid and have described seeing people covered in blood, or being treated by paramedics. There's still a huge sense of confusion and people are constantly searching for information while letting their families know they're safe.
Robert Tempkin, 22, from Middlesbrough, said: "Everyone was screaming and running, there were coats and people's phones on the floor. People just dropped everything.
"Some people were screaming they'd seen blood but other people were saying it was balloons busting or a speaker had been popped.
"There were lots of ambulances. I saw somebody being treated. I couldn't tell what had happened to him."

Josh Elliott, speaking to BBC Radio 5 Live, said he was shocked by news of the fatalities.
"A bang went off and everyone stopped and screamed... we basically hit the deck," he said
"It was bedlam… it was horrific.
"We got up when we thought it was safe and got out as quickly as possible.
"People were just crying and in tears... police cars were everywhere.
"We just wanted to get out as quickly as possible because we didn't know what was going on."
The background - Ian Youngs, BBC News entertainment reporter
Manchester Arena, formerly known as the MEN Arena, is the biggest indoor venue in the city with a capacity of around 18,000 for concerts.
The arena foyer connects with Victoria train and tram station, a major hub on the northern edge of the city centre.
The arena regularly hosts concerts by major stars like Ariana Grande - a 23-year-old American TV teen actress-turned-pop star.
She's a big draw for young fans, with hits including Problem, featuring Iggy Azalea, which hit number one in the UK in 2014; and Side To Side, featuring Nicki Minaj, which reached number four last year.
She's currently on a European tour - she's already played Birmingham and Dublin and is due to be at the O2 Arena in London on Wednesday and Thursday.
Michelle Sullivan, from Huddersfield, was attending the concert with her daughters, aged 12 and 15.
"It was really scary," she said. "Just as the lights have gone down we heard a really loud explosion... Everybody screamed.
"When we got out they just said 'keep on running, keep on running'."

Pat Carney, Manchester City Council's spokesman for the city centre, said the city's thoughts were with the families of those killed and injured.
"It's a very easy target - a concert hall where young people are enjoying music," he said.
"The public are really co-operating by staying away from what is basically now a crime site.
"The world we live in, police and the council have emergency procedures that we practise all the time.
"Obviously everyone in the city is shocked, having seen how young some of these people are
"The police are treating it as a live site, we don't know if this is the end or there are other incidents in that area... we don't know at the moment."

Within an hour of reports of the incident emerging, people began offering spare rooms and beds to people stranded in the city using the hashtag
Hundreds of tweets offering places to stay are being shared and re-tweeted thousands of times.

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Ancient tea road to be revived www.eng.yidaiyilu.gov.cn

 
The Belt and Road Initiative has inspired cities to revive another ancient trade route linking China, Mongolia and Russia, which is expected to boost tourism and trade along the route.
The route, called the Tea Road, first appeared in the 17th century when merchants from China's Shanxi province transported tea products and then other goods from South China to Mongolia and Russia, spanning more than 200 cities and 13,000 km.
It started from Wuyishan, a city in Fujian province, passed through Mongolia and stretched all the way to St Petersburg in Russia.
From May 15 to 18, government officials, scholars and leaders of various industries from cities along the route gathered in Pingyao county in Shanxi, to talk about how to revive the trade route and promote cooperation among them.
Li Zhaoshu, mayor of Chibi, a city in Hubei province, said it is planning to seize the opportunity to establish a tea processing base in Kungur, Russia, which has already established a sister-city relationship with Xianning, a city neighboring Chibi.
According to Li, Chibi has sold its tea products to Russia for many years, but is eager to set up a production base, which can cut logistics costs and also provide more products to local consumers.
Along the Tea Road, Chibi is the most famous place for producing brick tea, a kind of tea that is pressed into the shape of bricks at high temperature.
"The idea of reviving the ancient tea road provides great chances for us to enhance bilateral cooperation and promote win-win economic development," Li said, adding that governments may introduce supporting policies if cities have a high enthusiasm for the endeavor.
More than 400 representatives such as Li expressed hope for further cooperation on the "Tea Road" in different fields at the fifth China-Mongolia-Russia Mayors' Summit.
The summit was initiated by the Chinese Culture Promotion Society, an NGO administrated by the Ministry of Culture, and was launched in 2012.
Munkhnasan, the governor of Arkhangai province in Mongolia, said he came to find Chinese partners to invest and provide guidance in developing a tourism project in the province.
"China has abundant experience in developing tourism projects and building entertainment facilities such as glass skywalks, all of which can help promote the development of tourism in my hometown," he said.
The tripartite cooperation has already boosted solid foundations in different fields.
A China-Mongolia-Russia corridor, one of the six corridors in the framework of the Belt and Road Initiative, is being pushed forward.
Xing Guangcheng, a senior researcher on Russian and Central Asian studies at the Chinese Academy of Social Sciences, said the corridor is the modern Tea Road to enhance the three countries' cooperation.
Data from the National Development and Reform Commission show that trade between China and Mongolia reached US$7.3 billion in 2015, and trade between China and Russia reached US$64.2 billion, reported People's Daily website.
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Public officials being trained on sustainable growth and green management montsame.mn

 
Ulaanbaatar /MONTSAME/ Education for Sustainable Development (ESD) Project, jointly implemented by the Green Growth Policy Planning Department and Clean Technology, Investment and Production Division of the Ministry of Environment and Tourism and financed by the Swiss Agency for Development and Cooperation (SDC) is conducting series of training themed “Green Organizational Management”. The training will continue until the end of May. The training is being carried out in the margin of implementation of Mongolia’s Green Growth Policy and its action plan.
 
Matter of sustainable development education is an inevitable task for Mongolia because of rapid process of environmental degradation, social change and economic growth. The Environment Ministry is aspiring to provide basic understanding about sustainable development and green growth, while trying to change people’s behavior and develop their sustainable skills, starting from the public officials.
 
“We picked public officials working in the 10 partnering government bodies as our trainees, because they are the ones who must be role models for ordinary citizens on how to work and grow sustainably and make people understand about the coordination between green growth and education for sustainable development. The trainees have been receiving information on ways to apply environmental management system into their workplaces and how to encourage others to adopt sustainable lifestyle", says Ts.Uranchimeg, director of Clean Technology, Investment and Production Division.
 
Officials from the Ulaanbaatar City Administration, Ministry of Energy, National Development Department, Ministry of Education, Culture, Science and Sports and Ministry of Construction and Urban Development received this training on April 26.
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China builds Mongolian language database with cloud computing www.chinadailyasia.com

 
HOHHOT - Experts in north China's Inner Mongolia Autonomous Region have developed a Mongolian language database containing over 19 million words and phrases in an effort to protect ethnic culture and language.
 
The program, based on cloud computing technology, was initiated in 2012 by Mengdong cloud computing center of Chifeng City and Inner Mongolia University.
 
Yan Xiaofeng, an engineer with the program, said the university started to collect Mongolian language documents in the 1980s, which has helped contribute to the database. The database covers a wide range of content including lexicons, grammar and literature.
 
Nashunuzhitu, a professor at the university, said the database's Mongolian-Mandarin electronic dictionary is open to the public. The database also includes a dictionary for scientific terminology featuring Mandarin, Mongolian, English and Japanese.
 
In 2016, the region designated the big data and cloud computing industries as new engines for local development, vowing that the regional big data industry's output value will exceed 100 billion yuan (14.5 billion US dollars) in 2020.
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Agricultural Minister discusses increasing meat exports with China www.theubpost.mn

 
Minister of Food, Agriculture and Light Industry P.Sergelen paid a working visit to China to develop more agricultural cooperation between the two nations. Minister P.Sergelen met with China’s Minister of Agriculture Han Changfu to discuss expediting the implementation of agreements that were reached during Prime Minister J.Erdenebat’s visit to China last week.
 
P.Sergelen emphasized that the main purpose of his visit was to increase meat exports from Mongolia to China and to deal with the challenges of meat export. Minister Han stated that the two countries have the opportunity to work together to process livestock products, fight zoonotic diseases, and improve inspection at some immigration and customs check points along the Mongolian and Chinese border.
 
Ambassador of Mongolia to China D.Gankhuyag pointed out that during the visits to China made by representatives from the Government of Mongolia within the past two weeks, officials have determined how Mongolia will collaborate with China for the next three or four years, as well as future plans to develop Mongolia’s agricultural sector.
 
During his visit to China, Minister P.Sergelen visited research institutes and laboratories studying agricultural product processing to learn about their operations. He and Chinese representatives discussed how to develop collaboration between the research institutes of the two countries to study fertilizers that are suitable for Mongolian soil and pesticides that effectively protect plants from weeds and insects.
 
The sides also agreed to send Mongolian agricultural specialists to study at the Chinese Academy of Sciences.
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Queensland Government completes Blair Athol Coal Mine lease transfer - mine set to re-open by end of June 2017 www.medianet.com.au

Queensland Government completes Blair Athol Coal Mine lease transfer – mine set to re-open by end of June 2017

The historic Blair Athol Coal Mine in Central Queensland will re-open by the end of June this year.

Operations at the Blair Athol Coal mine have been transferred from Rio Tinto to Orion Mining Pty Limited - a wholly owned subsidiary of TerraCom.

The mining lease acquisition has been fully approved by the Queensland Department of Natural Resources and Mines and includes related licenses, land, site infrastructure, active contracts and all mining plant and equipment, including a dragline, to deliver TerraCom’s forecast production schedule and the progressive rehabilitation of the site.

Recommencing mining at Blair Athol - the state's first open cut coal mine - will generate 150 direct jobs and a further 450 indirect jobs in the region.

Orion Mining chairman and TerraCom Board Member Mr Jim Soorley said reopening the mine would create hundreds of jobs in the region and the strong coal prices would provide significant taxes and royalties to the Queensland Government.

“TerraCom is committed to providing employment opportunities for local workers in the region, rather than operating a fly-in-fly-out workforce and the company will also relocate its head office to modern facilities in Clermont.

“The completion of transfer of ownership of Blair Athol Mine is not only great news for TerraCom but is great news for the community of Clermont and the state of Queensland, with up to $80 million in taxes and royalties to flow from the re-opened mine operation and with the recommencement of rehabilitation activities," he said.

The mine had been mothballed since 2012 but the equipment on site has been maintained to a high standard and is ready to start operations. When production recommences at the Blair Athol mine it is expected to export $1.2 billion worth of coal over the next seven years - based on current prices.

$79.6 million will be transferred to a government-controlled trust fund for rehabilitation costs as part of TerraCom's $93.1 million financial contribution to progressively rehabilitate the mine.

TerraCom has built and commissioned a $150 million coking coal mine in the Gobi desert Mongolia, which employs 350 people. It recently signed a 5.5 year deal to sell over $1 billion worth of coal from that mine into China.

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Mongolia to export potatoes to Japan www.gogo.mn

This year, a total of 458.0 thousand hectares of land planned to be cultivated nationwide - grains at 381.6 thousand hectares, potatoes, and vegetables at 23.6 thousand hectares, fodder crops at 23.2 thousand hectares and oilseeds at 28.6 thousand hectares will be planted respectively.
Prime Minister J.Erdenebat stated during the meeting with farmers that Japanese companies submitted an order to purchase potatoes from Mongolia. Currently, we have sent two samples and both of them meet the standard of Japan. Our farmers, however, should more focus on the quality of vegetables as well as should supply high-quality products that meet the customer requirements.
The main topic discussed at the meeting was soil care. It is significant for farmers to protect, improve and restores soil in order to produce plentrous harvest. 
Minister of Food, agriculture and light industry P.Sergelen said that Mongolia to work with China in soil care. In regards, two countries agreed to establish a joint research laboratory of soil care. 
Meanwhile, farmers noted that cultivation is expected to be finished at the beginning of June. This year, we are having enough soil moisture for cultivation due to the Government approved a budget for cloud seeding. In addition, development of agriculture sector is improving year by year. We are seeing progress in training of workforce resource in developed countries.

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Ambassador O.Och meets CEO of Netherlands Development Finance company www.en.montsame.mn

 

Ulaanbaatar /MONTSAME/ Newly appointed Ambassador of Mongolia to the Kingdom of Netherlands O.Och discussed bilateral relations and cooperation with Jürgen Rigterink, CEO of Netherlands Development Financial Company (FMO).

The FMO focuses on developing banks and financial institutions in developing countries and is providing immense contribution in expanding financial institutions in Mongolia and increasing their capital sources. Also, FMO invested in the renewable energy sector and took part in the development of the first wind farm in Mongolia.

On behalf of the company, Mr. Jürgen Rigterink expressed his willingness to cooperate on reducing air pollution, improving heating system in ger district areas and maintaining food security through renewable energy and agriculture sectors, as well as to promote Dutch companies interested in investing these sectors in Mongolia.

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