1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

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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UNICEF to fund renovation of five kindergartens www.montsame.mn

Ulaanbaatar /MONTSAME/ UNICEF’s ‘Schools for Asia’ program will be implemented in Bayanzurkh district.

On August 8, Tuesday, the district’s Deputy Governor in charge of Labor and Social Development T.Baysakh met with UNICEF representatives regarding this matter.

In scope of bilateral cooperation, UNICEF will finance the renovation of five kindergartens in Bayanzurkh, the most populous district of the capital city. Specifically, 3rd, 22nd, 63rd, 122nd and 129th kindergartens situated in the district will be renovated with a non-refundable aid from the UNICEF initiative ‘Schools for Asia’.

About 34 thousand kids of preschool age live in Bayanzurkh district, and the district is capable of providing preschool education to 73 percent of them. As such, UNICEF has expressed readiness to cooperate with the district authorities on improving the situation.

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Jack Ma no longer richest person in China, as another Ma takes title www.rt.com

Alibaba owner Jack Ma has been stripped of the title of the wealthiest person in China. Ma Huateng, also known as Pony, topped the Forbes’ Chinese list on Monday.

Now worth $37 billion, Pony Ma is the founder and CEO of internet company Tencent. Jack Ma is worth $36.2 billion, according to Forbes’ billionaire's list.

Tencent operates the super-popular in China WeChat app. WeChat launched in January 2011 and by 2017, has become one of the largest standalone messaging apps by monthly users, with over 938 million active users.

Unlike WhatsApp or Telegram, Chinese users of the app may use it to pay bills, order goods, and services, transfer money, and pay in shops if they have the WeChat payment option.

Jack Ma’s Alipay is WeChat Pay's main competitor in China. In 2017 Tencent said WeChat had over 600 million active users of its payment system versus 450 million for Alibaba's Alipay.

Pony Ma is Tencent’s largest individual stakeholder, with 8.71 percent of the company.

Former English teacher Jack Ma founded Alibaba in 1999. The company unites a family of internet-based businesses, which enables users to buy or sell anywhere in the world.

According to his prediction, Alibaba will be worth more than the world’s fifth-largest economy by 2036, bigger than the economies of France or the United Kingdom.

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Mazda announces breakthrough in long-coveted engine technology www.reuters.com

TOKYO (Reuters) - Mazda Motor Corp said it would become the world's first automaker to commercialize a much more efficient petrol engine using technology that deep-pocketed rivals have been trying to engineer for decades, a twist in an industry increasingly going electric.

The new compression ignition engine is 20 percent to 30 percent more fuel efficient than the Japanese automaker's current engines and uses a technology that has eluded the likes of Daimler AG and General Motors Co.

Mazda, with a research and development (R&D) budget a fraction of those of major peers, said it plans to sell cars with the new engine from 2019.

"It's a major breakthrough," said Ryoji Miyashita, chairman of automotive engineering company AEMSS Inc.

The announcement places traditional engines at the center of Mazda's strategy and comes just days after Mazda said it will work with Toyota Motor Corp to develop electric vehicles and build a $1.6 billion U.S. assembly plant.

"We think it is an imperative and fundamental job for us to pursue the ideal internal combustion engine," Mazda R&D head Kiyoshi Fujiwara told reporters. "Electrification is necessary but... the internal combustion engine should come first."

A homogeneous charge compression ignition (HCCI) engine ignites petrol through compression, eliminating spark plugs. Its fuel economy potentially matches that of a diesel engine without high emissions of nitrogen oxides or sooty particulates.

Mazda's engine employs spark plugs under certain conditions, such as at low temperatures, to overcome technical hurdles that have hampered commercialization of the technology.

Mazda Motor President Masamichi Kogai attends a news conference in Tokyo, Japan August 8, 2017.
Kim Kyung-Hoon
Executive Vice President Akira Marumoto called Mazda's engine technology the automaker's "heart".

The engine is called SKYACTIV-X and Mazda had no plans to supply the engine to other carmakers, Marumoto said.

AEMSS' Miyashita said a key issue would be how smooth and responsive the engine is.

"Is it jerky? If so, that would pose a big question when it comes to commercializing this technology." he said. "Hopefully Mazda has an answer to that question."

Mazda also said it would introduce electric vehicles and electric technology in its cars from 2019, focusing on markets that restrict the sale of certain vehicles to limit air pollution or that provide clean sources of electricity.

In addition, it said it aimed to make autonomous-driving technology standard in all of its models by 2025.

Mazda's announced its petrol-engine technology breakthrough on the same day that shares in Japan's GS Yuasa Corp surged after a newspaper reported that it would start producing a lithium battery that would double the range of electric cars as early as 2020.

Mazda's share price closed down 1.3 percent. That compared with a 0.3 percent fall in the benchmark Nikkei 225 index.

Reporting by Sam Nussey and Maki Shiraki; Additional reporting by Norihiko Shirouzu; Editing by Chang-Ran Kim, Christopher Cushing and Neil Fullick

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Record automotive investment for Iran www.nhk.or.jp

Automaker Renault will invest hundreds of millions of dollars in Iran to step up local production. The plan is believed to be the largest automotive-related investment in the country's history.

Officials from Renault and the Iranian government made a joint announcement. The French company is to form a joint venture with a local carmaker and set up manufacturing facilities outside the capital, Tehran.

The goal is to roll out 300,000 vehicles annually by 2024. Renault will spend about 780 million dollars.

Iran has a population of about 80 million, and is a major auto market in the region. Iranian officials have been trying to boost the domestic auto industry to help revitalize the economy since the US and other countries lifted economic sanctions.

Another French manufacturer, the maker of Peugeot and Citroen cars, announced a plan last year to produce vehicles in Iran. Some Japanese parts makers have also expressed interest in investing in the country.

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China will get 2,000 more McDonald's restaurants in the next few years www.cnn.com

The world's largest fast food chain announced Tuesday that it plans to open 2,000 new restaurants across the world's most populous nation in just over five years, bringing the total to 4,500.
"China will soon become our largest market outside of the United States," said McDonald's CEO Steve Easterbrook.

The company and its new business partners in China -- investment firms Citic and Carlyle Group -- are hoping the new outlets will help drive double-digit sales growth for the business every year for the next five years. They're targeting smaller Chinese cities in particular.

The new plans come after McDonald's sold off most of the China business to Citic and Carlyle, saying they would bring a better understanding of the local market. Under the deal announced earlier this year, McDonald's still holds a 20% stake in the business.
The move was part of Easterbrook's ongoing efforts to overhaul the global burger chain. The company's latest financial results pleased investors, with a rise in U.S. sales providing more evidence that Americans are returning to the golden arches.
McDonald's isn't the only big U.S. company whose brand is moving deeper into China.
Starbucks (SBUX) announced plans last year to open more than one new store a day in China for the next five years. It aims to have 5,000 stores across China by 2021.

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Tesla plans to raise $1.5bn to produce new Model 3 www.bbc.com

US electric car manufacturer Tesla plans to raise $1.5bn (£1.15bn) to fund production of its new Model 3 car.

Tesla will raise the money by selling bonds to professional investors, despite the company having $3bn in cash.
The company says it has 518,000 orders for its new car, whose price starts at $35,000.
Initial production of the Model 3 started in July, with a target of 400,000 to be made next year.
Tesla, which also makes batteries and solar panels, has been burning through its cash at a rapid rate.
The company's founder and boss, Elon Musk, said at the vehicle's formal launch in July that making the Model 3 would lead to "six months of manufacturing hell", as it tries to make 100,000 of the cars this year at its California factory.
Some observers have predicted that the company, which has yet to make a profit, will use up at least $2bn this year, hence the need for more cash.
The Tesla bonds will have to be repaid to investors in eight years but the interest rate on offer to investors has not yet been decided.

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From mining to big data : Inner Mongolia's economic development www.chinadaily.com.cn

This year is the 70th anniversary of China's North Inner Mongolia autonomous region. In this time, the region's economy has expanded from 537 million yuan ($78 million) in 1947 to 1.86 trillion yuan ($270 billion) in 2016, according to cctv.com.

Its economic structure has diversified from a single focus on mineral resource exploitation to embrace new energy, big data and cloud computing, new material, energy saving and environmental protection, high-end equipment manufacturing, traditional Mongolian medicine and biotechnology.

Mining

A rare earth magnet is displayed in the showroom at Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co in Baotou, North China's Inner Mongolia autonomous region. [Photo/Xinhua]

Last year, the region cut 3.3 million tons of coal overcapacity and 2.91 million tons of steel, cctv.com reported. Its coal industrial value-added output accounting for 21.9 percent of its large-scale industrial value-added output in 2016, a 9 percent decrease from six-year ago.

Baotou, a city in the region, has more than 80 percent of China's rare earth reserves. In 2015, rather than selling the rare raw materials at a low price, the city cooperated with the Chinese Academy of Sciences to build a research center to explore rare earth uses in many areas.

Now, the center works with Baotou Iron and Steel Group (Baogang Group) to produce steel with added rare earth element with an annual output value estimated at 10 billion yuan.

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"Mongol Alt" campaign launched www.montsame.mn

Ulaanbaatar /MONTSAME/ With an aim to increase gold purchases, “Mongol Alt” /Mongolian Gold/ campaign will be initiated next month. Accordingly, the opening ceremony of the campaign took place on August 07.

On this day, the Bank of Mongolia granted “Certificate of Authenticity” to individuals and entities, who are contributing to increase “State Fund for Treasures” and foreign-exchange reserves of Mongolia by selling gold to BoM.

Within the frames of three-month campaign, training on selling gold to the Central Bank, in accordance with the law, will be held among the public by cooperating with government and non-government organizations, as well as activating advertisement and introducing related laws and regulations.

Furthermore, the Bank of Mongolia is aiming to promote actions on increasing foreign-exchange reserves, provide related information and gold price to public and private entities to prevent gold smuggling.

“Mongol Gold” campaign will be implemented in cooperation with central and regional branches of BoM, commercial banks and other entities.

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Prime Minister J.Erdenebat meets Korean delegates www.montsame.mn

Ulaanbaatar /MONTSAME/ On August 5, Prime Minister J.Erdenebat received representatives of the Mongolia-Korea Economic Forum and Korea-Mongolia Cooperation Forum.

The meeting was attended by Member of Parliament, Member of the Board of the Mongolia-Korea Economic Forum N.Enkhbold, Deputy Chairman of the Board G.Batkhuu, Head of Korea-Mongolia Cooperation Forum, Member of the National Assembly of the Republic of Korea Kim Tae Nyong, Mongolian Ambassador to the Republic of Korea B.Ganbold and Korean Ambassador to Mongolia U Sung.

Sides discussed bilateral economic cooperation, protection of the rights of Mongolians living in the Republic of Korea and the forum’s assistance to projects implemented in Mongolia by the Republic of Korea.

Prime Minister J.Erdenebat appreciated the forum’s bridging role in advancing bilateral relationship in all sectors, and wished success to the forum’s joint meeting which opened in Ulaanbaatar on August 5.

Kh.Aminaa

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From Magnolia to Mongolia: Goodwood rider Salmon set for Mongol Derby www.racingpost.com

The Mongol Derby, the world's longest horserace, attracts a disparate bunch of adventurers every year, and this time Clare Salmon, the former chief executive of the British Equestrian Federation, has thrown her hat into the ring for the gruelling 1,000km challenge.

Last week Salmon was in action at Goodwood in the 5½f Magnolia Cup, but the 53-year-old will be facing a completely different set of circumstances in a race expected to take around ten days for the final finishers to complete.

Sheikh Fahad Al Thani, David Redvers and Kevin Darley were part of a four-strong Qatar Racing team which tackled the race last year but, highlighting its attritional nature, only Redvers and Peter Molony managed to finish.

Speaking from the Mongolian Steppe on Monday, Salmon, who has been involved in racing as an owner with Gary Moore, said: "We had our first rehearsal and met some very small and enthusiastic Mongolian horses. Mine had two speeds: stopped and tied up, or galloping – so we did galloping!
"There's a bit of a contrast from a 17-hand horse to a 12½-hand Mongolian pony. There's a wide range of abilities and it's all rather marvellous."

Salmon is hoping not to finish last, and added: "There's a huge amount of luck involved as you don't know the horses and they don't know you. You also have to navigate and there aren't many landmarks, just a lot of grass."

Food poisoning is another potential hazard, and Salmon, a vegetarian, said: "One of the challenges for me is going to be keeping nourished. There's an animal called the marmot out here which the Mongolians like to eat, but some of them have the plague. So far I've eaten a lot of chocolate, and that's how I intend to continue."

She concluded: "I'll go as fast as I can for as long as I can stay upright."

The race begins on Wednesday and the course is modelled on the postal route and system developed by Genghis Khan in the 13th century. Riders change horses every 40km and stay with the local herders or camp under the stars.

Salmon is one of 38 competitors, ten of whom are from Britain, including Salmon's husband Neil. The field also includes a South African seed potato farmer and a Swedish private investigator. At least conversations round the campfire should be interesting!

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