1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

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

NEWS

64x64

Doing the same thing and expecting different results: Mongolia plans to curb air pollution with more coal www.bankwatch.org

A new law on air pollution recently adopted by the Mongolian government is in part the result of massive demonstrations that swept the streets of Ulaanbaatar during the winter months, when pollution in the capital is at its worst. Mobilised under the umbrella movement ‘Moms and dads against smog’, the protestors signed petitions calling on the government to come with an urgent plan for tacking the overwhelming situation in the city, where emissions from the coal burned in the surrounding ger districts and three combined heat and power plants reached some of the highest levels in the world this past winter.

The new policy will soon be followed by a yearly action plan for reducing emissions, but the protestors and civil society groups working for cleaner air in the country should remain cautious. That’s because the government’s plan involves even more reliance on coal – hauled in from the massive Tavan Tolgoi mine in the south and then cleaned in as yet constructed processing plants before being burned in the ger districts that are now responsible for 60 per cent of total emissions in the capital. So the plan does not appear to tackle the underlining problem in Mongolia, which is its dependency on coal.

A new Bankwatch report presented this week in Ulaanbaatar argues that the energy plans of the Mongolian government – which have the backing of international financial institutions – are disconnected from the urgent need to improve the efficiency of an ageing energy system and at the same time address the massive potential of solar and wind energy in the country. The report also shows how the 12 gigawatts of electricity that would be produced by the power plants planned by the government by the year 2030 exceed even its own projections for electricity demand in the country.

The report surveys a number of Mongolia’s coal power projects in the pipeline, including the 600 MW Tavan Tolgoi power plant in the South Gobi region, which would benefit mostly just three mines close to the Tavan Tolgoi deposit, including the EBRD and IFC-financed Oyu Tolgoi mine. In the capital, plans for a new combined heat and power plant supported by the Asian Development Bank and with potential involvement by the EBRD, would only add to emissions while not tackling the problem of burning coal in the ger districts, as these are not connected to the public utilities.

To better understand what is at stake with the governments’ plans for the continued use of coal, more than 40 members of civil society groups from the country gathered on 1 May at the Water Conservation Centre in Ulaanbaatar to discuss the risks of coal-based energy and the involvement of financial institutions in pushing for coal-based energy projects in the country.

Mongolia is at a crossroad, and the movement started by civil society this past winter is a sign for international financiers like the EBRD and the ADB to rethink their energy strategies for Mongolia and prioritise energy efficiency and renewable energy solutions for the the ger districts, rural areas and the people of Mongolia.

...


64x64

AIIB hopes to win international credit rating by end of third quarter www.asia.nikkei.com

YOKOHAMA -- The Asian Infrastructure Investment Bank hopes to obtain an international credit rating by the end of the third quarter of this year, a move which will take it a step closer to being able to issue bonds.

"We recently finished talking to the international credit rating agencies," Soren Elbech, the director general and treasurer of AIIB, who joined the bank in December last year, told Nikkei Asian Review on Wednesday. "We have a clear expectation to be rated before the end of the third quarter this year." He added that the bank expects to obtain "the highest rating that we can achieve," given its financial and business profile.

The AIIB, a Chinese-led initiative, has so far approved approximately $2.5 billion in loans, funding the disbursements with the paid-in capital from the member countries. Elbech said that the AIIB was in no rush to issue bonds to finance the loans, as it had received around $9 billion in paid-in capital up to now, which gives the bank "more than enough and ample capital" to service the loans for the next four to five years.

But Elbech, former treasurer of the Inter-American Development Bank, said the AIIB would look to issue bonds to "build up the bank's credibility in the market, pricing, [and] awareness with the investors." The Dane did not give a specific schedule on issuing the bonds, saying it depended on market conditions, but the size of the issue will be "a minimum of a billion [U.S. dollars]".

Issue 'has to be credible'

"My experience tells me that [for] a name like ours, the newest multilateral financial institution, to be positioned within its peer group, the size of the issue has to be credible. We want to firmly establish the bank's name," he said. "ADB just did a $4 billion three-year deal -- its largest ever. In order to be recognized within our peer group, we don't need to do these kinds of sizes, not yet at least."

Despite China's heavy involvement, Elbech said he expected the bank to issue its initial bonds in dollars, not renminbi. "U.S. dollar is our functional currency so that points to the initial issue to be in dollars," he said. "However, I'm sure we are going to be issuing in renminbi also at some stage and when it makes sense for the bank." He believed AIIB bonds would be attractive for international investors as they offered an opportunity to invest in a multilateral development bank other than the likes of the World Bank and the Asian Development Bank.

AIIB added 13 new member countries in March, expanding its roster to 70 nations. However, the U.S. and Japan have thus far not applied for membership, out of concern that the international lender will be a tool to fund Chinese ambitions. China has contributed about 30% of the AIIB's $100 billion in capital and has around 25% of the voting rights, holding effective veto power over key projects.

Elbech dismissed these claims. The AIIB "is there to finance projects in all our member countries -- as long as it benefits Asia." He said he expected that lending to projects in China would be modest and, predominantly, to non-sovereign borrowers.

...


64x64

Japan promotes bullet train system in Malaysia www.nhk.or.jp

Japanese government officials have pitched the positive economic effects of adopting the country's Shinkansen high-speed train system at a briefing session in the Malaysian capital.

About 600 people from Malaysia's public and private sectors attended Wednesday's session in Kuala Lumpur.

Malaysia plans to build a 300-kilometer high-speed rail line from Kuala Lumpur to neighboring Singapore. Trains will cover the distance in 90 minutes. The government seeks to start the service in 2026, and will conduct bidding this year.

At the session, Japan's transport minister Keiichi Ishii said the Japanese bullet train system has contributed to regional growth and is a driving force for the country. He expressed hope that the system will also help Malaysia to develop.

Executive Vice President of East Japan Railway Yuji Fukazawa explained at the following symposium how the Hokuriku Shinkansen line helped to boost tourism. The line, which connects Tokyo and Ishikawa Prefecture on the Sea of Japan coast, opened in 2015.

Fukazawa said the prefecture drew about 3 million more tourists annually after the launch of the line and jobs were created along the line.

An official at a Malaysian railway operator said he believes the Shinkansen system can contribute to high-speed railway networks in his country.

He noted that Japan has been operating the system safely for more than 50 years.

China is also stepping up efforts to win a contract in bidding for Malaysia's high-speed railway.

...


64x64

21 killed in Iranian coal mine explosion www.nhk.or.jp

A gas explosion at a coal mine in northeastern Iran has left 21 miners dead. More than 30 are trapped.

Iran's media outlets report that the explosion in Golestan Province injured 69 miners on Wednesday afternoon.

The media also report that 32 other miners are trapped underground.

Military personnel and Red Crescent officials are carrying out rescue operations. But the efforts have been slowed by the presence of gas inside the mine, which could trigger another explosion.

Coal production in Iran is mainly for use in steel plants.

A gas explosion at a coal mine in the central province of Yazd 5 years ago killed 8 people.

...


64x64

Facebook nears two billion monthly users www.bbc.com

Facebook's profits have jumped in the first three months of the year, as the social network closes in on two billion users, according to its latest results.
The number of people using Facebook each month increased to 1.94 billion, of which nearly 1.3 billion use it daily, the company said.
The US tech giant reported profits of just over $3bn (£2.4bn) in the first quarter, a 76% rise year-on-year.
However, it warned that growth in ad revenues would slow down.
The company has also come under sustained pressure in recent weeks over its handling of hate speech, child abuse and self-harm on the social network.
On Wednesday, Facebook chief executive Mark Zuckerberg announced it was hiring 3,000 extra people to moderate content on the site.

A quarter of the world's population now uses Facebook every month, with most of the new users coming from outside of Europe and North America.
Speaking after the results, Mr Zuckerberg said the size of its user base gave Facebook an opportunity to expand the site's role, moving into TV, health care and politics.
"With that foundation our next focus will be building community," he said. "There's a lot to do there."
Ad slowdown
The company grew its revenue from advertising, which accounts for almost all of Facebook's income, by 51% to $7.9bn in the period.
However, chief financial officer David Wehner said ad revenue growth would come down significantly over the rest of 2017.
He repeated previous warnings that Facebook was hitting a limit on the number of ads it can squeeze onto users' pages.
Martin Garner, an analyst at CCS Insight, said: "It's now clear that last year's stellar results from Facebook represented the peak of online advertising growth, as Facebook had warned."
Mr Garner said the company needed to start showing it could make more money from its other products, including Video, Instagram, Whatsapp, Messenger, and virtual reality.

...


64x64

Preliminary results reveal Kh.Battulga as DP’s presidential candidate www.montsame.mn

Ulaanbaatar /MONTSAME/ Following their registration of 6 presumptive nominees for the upcoming Presidential Election on May 2, Democratic Party held an all-member poll nationwide on May 3, Wednesday, the preliminary result of which was disclosed last night that Battulga Khaltmaa was elected as the party’s presidential candidate.

The presumptive nominees from the Democratic Party were 27th Prime Minister Altankhuyag Norov, 21th Prime Minister Amarjargal Rinchinnyam, former Minister of Industry and Agriculture Battulga Khaltmaa, Member of Parliament, former Minister of Foreign Affairs Bold Luvsanvandan, former Minister of Justice Dorligjav Dambii and former Minister of Industry and Trade, former Chairman of Mongolian Republican Party Jargalsaikhan Bazarsad who recently rejoined the Democratic Party.

The poll was conducted from 10 AM to 8 PM, engaging the party’s all supporters in 21 provinces, 330 soums and 9 districts and 152 khoroos of the capital city majority of whom voted for Battulga Khaltmaa to represent the party.
In specific, Kh.Battulga led the poll with 2740.94 marks, R.Amarjargal ranked second with 2374.85 marks, D.Dorligjav third with 1058.64 marks, N.Altankhuyag fourth with 1044.20 marks, L.Bold fifth with 917.30 marks and B.Jargalsaikhan sixth with 213.66 marks.

Mongolia has an upcoming Presidential Election next month, and May 2-6 are the designated dates for political parties to nominate their candidates. There are three political parties eligible to nominate a candidate for the election – ruling Mongolian People’s Party, Democratic Party and Mongolian People’s Revolutionary Party.

Mongolian People’s Party has nominated its Chairman Enkhbold Miyeegombo whereas Mongolian People’s Revolutionary Party is expected to hold its convention on May 5, Friday to name their candidate. On the other hand, the Democratic Party’s 8th Congress will be held on May 6 to formally name the party’s presidential candidate.
Kh.Aminaa

...


64x64

Speaker of the Parliament M.Enkhbold to represent MPP in presidential election www.gogo.mn

VII meeting of Mongolian People`s Party (MPP) to select a presidential candidate is being held today at the Independence Palace, gathering its 259 members. 
The majority or 85.7 percent of the members voted for Speaker of the Parliament M.Enkhbold. 
Thus, M.Enkhbold announced as the MPP’s presidential candidate. He won over Deputy Speaker of the Parliament Ts.Nyamdorj. 
Members of MPP concluded that presidential candidate selection conducted open, fair and democratic. 
Currently, the members of MPP to discuss the platform for presidential election.

...


64x64

Mongolia's Steppe Road and China's Belt and Road initiatives to be harmonized www.montsame.mn

Ulaanbaatar /MONTSAME/ During its meeting held on May 2, yesterday, the Cabinet discussed and backed a draft memorandum of understanding between the Governments of Mongolia and the People’s Republic of China (PRC) on coordinating the initiatives ‘Steppe Road’ and ‘The Belt and Road’.

‘The Belt and Road’ initiative has become interior and foreign policy strategy of PRC since Chinese leader Xi Jinping had proposed it and China calls for world countries to join the initiative. The initiative focuses on connectivity and cooperation in policy coordination, infrastructure construction, trade and finance and people to people relations among 65 countries, covering 11 East Asian countries, 18 West Asian, 8 South Asian, 5 Central Asian, 7 Commonwealth of Independent States’ , 16 Middle east and east European countries.

The Government gave a right to Minister of Foreign Affairs Ts.Munkh-Orgil to sign the memorandum of understanding.

B.Ooluun

...


64x64

Road in route Tosontsengel and Uliastai to be built with Chinese soft loan www.montsame.mn

Ulaanbaatar /MONTSAME/ At its yesterday’s meeting, the cabinet approved a draft of revised Government resolution on projects to be implemented with a soft loan of USD500 million, granted from the Government of the People’s Republic of China to the Government of Mongolia.

The soft loan will be spent for 10 projects in agriculture, road construction, health and education. Saved money from a project “Improvement of agriculture product supply in aimags and poverty reduction” will be used in a project to build 67 km paved road of route Tosontsengel and Uliastai. The Government has agreed about it with the Chinese Government and therefore, revised the Government resolution N309 in 2015 and approved it.

B.Ooluun

...


64x64

'Khovd Thermal Power Station' company to be established www.montsame.mn

Ulaanbaatar /MONTSAME/ The cabinet held its meeting yesterday, on May 02 and made a decision to establish ‘Khovd thermal power station’ company in charge of production, transfer and distribution of electricity and heating.

Energy demand has been growing in Khovd aimag, western region center, following the industrial development, population growth and increase of companies, entities and apartments. Therefore renovation was made to heating supply system of the aimag center and the company will manage the system.

A power plant with capacity of 36 Gcal/h, heating pipelines and heating distribution centers were newly built in Jargalan soum of Khovd aimag with investment of MNT15.8 billion from 2012-2014 State Budget. As well as sub-heating pipeline network was built , started distributing energy n 2014.

The previous ‘Prior operations-administration of Khovd aimag thermal power plant and heating distribution network’ state owned industrial entity has supplied heating to 21 budget organizations, 60 entities and over 1150 households.

B.Ooluun

...