1 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      2 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      3 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      4 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      5 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      6 EIGHT COMPANIES ANNOUNCE TO DISBURSE DIVIDENDS SO FAR WWW.ZGM.MN PUBLISHED:2019/02/20      7 MONGOLIA'S PROSTITUTION ZONES, WHERE WOMEN TRADE SEX FOR FUEL IN SUB-ZERO TEMPERATURES WWW.TELEGRAPH.CO.UK PUBLISHED:2019/02/20      8 MONGOLIA TO SUSPEND KFC OUTLETS FOR INQUIRY AFTER FOOD POISONING REPORTS WWW.CNBC.COM PUBLISHED:2019/02/20      9 MIAT TO FLY BETWEEN ULAANBAATAR AND GUANGZHOU WWW.NEWS.MN PUBLISHED:2019/02/20      10 NEW BOOK ABOUT MONGOL EMPIRE’S IMPACT ON ISLAM WWW.NEWS.MN PUBLISHED:2019/02/20      УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20     II/19-НИЙ ДОТОР 24 ХК НОГДОЛ АШИГ ОЛГОХТОЙ ХОЛБООТОЙ ШИЙДВЭРЭЭ ГАРГАЖ , СЗХ-НД ХҮРГҮҮЛСЭН БАЙНА WWWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     ӨНГӨРСӨН САРД 23.9 МЯНГАН ЖУУЛЧИН ХҮЛЭЭН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ЭРЧИМ ХҮЧНИЙ ИМПОРТ БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ТАТВАР ТӨЛДӨГ 191 МЯНГАН ААН-Н 95.9 ХУВЬ НЬ БИЧИЛ БИЗНЕС ЭРХЭЛДЭГ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     НИЙТ НУТГИЙН 70 ОРЧИМ ХУВЬ НЬ ЦАСТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/20     ХАНБОГД-ОЮУТОЛГОЙГ ХОЛБОСОН ЗАМЫН НЭЭЛТ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2019/02/20     ЗГҮЦ-ЫН АНХДАГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА МХБ-ИЙН ҮЙЛ АЖИЛЛАГААНЫ ОРЛОГО БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19     “TEMASEK HOLDINGS” КОМПАНИ “TRQ” ДЭХ ЭЗЭМШЛИЙН ХУВИА 28 ХУВИАР БУУРУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19    

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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Mongolia and EFTA discuss trade cooperation www.theubpost.mn

The second meeting of the Joint Committee on Cooperation between Mongolia and the European Free Trade Association (EFTA) took place on October 5 in Ulaanbaatar to discuss ways to deal with the current challenges in trade and economic cooperation between the parties.

EFTA is an intergovernmental organization of Iceland, Liechtenstein, Norway, and Switzerland, which was set up to promote free trade and economic cooperation among its members within the world.

Head of the Foreign Trade and Economic Cooperation at the Mongolian Ministry of Foreign Affairs and Deputy Permanent Representative of the Principality of Liechtenstein to the United Nations Office in Geneva Pascal Schafhauser chaired the meeting, and the sides exchanged views on the current situation and future plan of trade and economic cooperation between EFTA and Mongolia, and possible areas to develop investment, renewable energy, agriculture and light industrial cooperation.

During the meeting, the sides focused on finding a solution to solve the two parties’ trade and economic cooperation issues, and the EFTA delegates agreed to study the possibility to provide Mongolia with technical assistance, training seminars, and workshops.

The EFTA delegates agreed to collaborate with Mongolia to help the country export its products to EFTA’s market under the World Trade Organization’s trade facilitation agreement.

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October 9, 2017 Trading report www.mse.mn

On October 9, 2017, 310,466 shares of 57 firms listed as Tier I, II, and III were traded. 36 firms’ shares increased in price, 12 decreased and 9 remained unchanged. Kherlen Khivs JSC was the top performer, increasing 14.98 percent, whereas Mongolian Mortgage Corporation JSC was the worst performer, decreasing 10.09 percent.

1,900 bonds worth MNT 189,107,000 were traded on the secondary market for government bonds and 862 bonds worth 84,079,480 were traded by the block.

The MSE ALL Index rose 0.11 percent to stand at 1105.57. The MSE market cap stands at MNT 2,173,962,878,363

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‘War on coal is over’: EPA scraps Obama-era clean power plan www.rt.com

The Trump administration has put another nail in the coffin of former President Barack Obama’s climate change legacy by withdrawing from the 2015 Clean Power Plan intended to reduce greenhouse gas emissions.

"Regulatory power should not be used by any regulatory body to pick winners and losers," said the head of the Environmental Protection Agency Scott Pruitt Monday, announcing he will sign a new rule rescinding the Obama-era plan. The Clean Power Plan was designed to prompt a shift away from coal-fired power and toward cleaner energy sources, like natural gas, wind and solar.

"The war on coal is over,” Pruitt declared in Hazard, Kentucky, echoing President Donald Trump’s campaign promise to support the American coal industry.

While the coal miners celebrated the news, the administration’s critics blasted the decision.

"By saving an estimated 240 million tons of annual coal production, the administrator’s action helps to safeguard more than 27,000 mining jobs and almost 100,000 additional jobs throughout the supply chain," Hal Quinn, CEO of the National Mining Association, said in a statement.

The move by Trump’s EPA is "a wholesale retreat from EPA's legal, scientific and moral obligation to address the threats of climate change," said Gina McCarthy, Obama’s former EPA administrator.

"They’re adding more pollution into our air and threatening public health at a time when the threats of climate change are growing and the costs are growing immeasurably higher on our children and their future," McCarthy added.

The Clean Power Plan was key to Washington’s implementation of the Paris agreement on climate change, from which Trump withdrew in June. It aimed to reduce US power industry’s carbon dioxide pollution levels 32 percent below the 2005 levels by 2030.

The current EPA chief, who has repeatedly questioned the human role in climate change, sued the environmental agency in 2015 in an effort to block the Clean Power Plan. He argued that EPA overstepped its legal authority by saddling the fossil-fuel industry with unnecessary regulations. Pruitt sued the EPA 13 other times in his capacity as Oklahoma’s attorney general for the agency’s efforts to regulate mercury, smog and other forms of pollution.

Since taking office, Trump has set in motion a number of actions aimed at reversing clean air and water regulations. In February, he nixed a rule that stopped mining companies from dumping waste into streams, and in March, Pruitt said he would stop collecting methane emissions from 15,000 oil and gas operations.

In May, the White House budget proposal cut the EPA’s funding by over 31 percent.

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Tsetsii wind farm launches www.mongolia.gogo.mn

ULAANBAATAR (GoGo Mongolia) - On Oct 6, Clean Energy Asia LLC together with its shareholders, Newcom LLC and SB Energy Corp., successfully launched operations of a 50MW wind farm in southern Mongolia.

Clean Energy Asia LLC commenced the construction of the Tsetsii wind farm in Sep 2016. Within one year, the company completed the installation of 25 wind turbines, the construction of Tsetsii substation and its 32 km long air transmission lines. 
The project has completed three months earlier than planned and nearly 500 employees have worked for the construction, of which 95% were Mongolians.
Located in Tsogttsetsii soum, Umnugobi province, the 50MV wind farm was financed by the debt of Japan International Cooperation Agency (JICA) and the European Bank for Reconstruction and Development (EBRD). Mongolia is the first country to sign a memorandum with Japan on the Joint Crediting Mechanism (JCM) to reduce greenhouse gas emissions.
Mongolia faces great challenges in meeting its growing demand for electricity, almost all of which is currently met by aging and polluting coal-fired plants. The wind farm will help supply Mongolia’s power demand with clean, eco-efficient electricity by harnessing Mongolia’s vast and inexhaustible wind resources. The project will help contribute to the sustainable economic development and the mitigation of climate change.
Mongolia has a power-supply capacity of 1130MW, consisting of 88% coal, 6% diesel, 6% renewable energy, and 2% hydropower sources (Department of Energy, Mongolia, 2015). While being the world’s eighth country most susceptible to climate change (Climate Risk Index. Source: GERMANWATCH “Global Climate Risk Index 2014”), electricity supply-demand balance along with its economic growth is an urgent issue for Mongolia; accordingly, Mongolia is a country that particularly requires safe and secure power sources such as renewable energy. The State Great Khural approved a national power policy in 2015 that sets Mongolia’s mid-to-long term target and plan for 2015-2030 in the energy sector. The policy aims to increase the power generation share of renewable energy to 20% by 2020 and to 30% by 2030, and it stipulates the promotion of investment in the energy industry in cooperation with international financial institutions and donor countries, utilizing the abundant wind and solar resources in the Gobi region. 
The Tsetsii wind farm is estimated to reduce greenhouse gas emissions by approximately 230,000 tons per year while saving 180,000 tons of coal and 1.2 million tons of water per year.
In these circumstances, this Tsogttsetsii wind farm project will help contribute to the increased adoption of renewable energy in Mongolia.

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S.Amarsaikhan elected Chairman of Citizens' Representative meeting www.montsame.mn

Ulaanbaatar /MONTSAME/ The Citizens’ Representative Khural (Council) of Ulaanbaatar elected Amarsaikhan Sainbuyan as the chairman of the Council during its regular meeting on October 9.

21 representatives out of 41 or 51.2 per cent of them at the meeting voted for S.Amarsaikhan, while 19 representatives or 46.2 per cent voted for D.Bayarsaikhan.

On September 22, the Council dismissed former chairman Ts.Sandui in his request. Ts.Sandui put to MPP Steering committee a resignation letter from the post of the meeting chairman and chairman of MPP committee of the capital on August 31.

The City Council members D.Bayarsaikhan and S.Amarsaikhan were nominated the post, but they both got equal vote and MPP group in the Council took a break, postponing the re-voting.

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BOM issues 1-week bills www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia traded 680 billion MNT worth 1-week maturity central bank bill (“CBB”), with weighted average yield of 12.0 percent per annum. 

1 - week CBBs
1-week CBB plays an important role in managing the reserves of banks and is the core monetary policy instrument of the Bank of Mongolia. The interest rate on CBB will be the policy rate of the BOM and will serve as a guide interest rate on the interbank market. It was first introduced in July 2007, with fixed rate and unlimited bidding, and traded on a regular basis every Wednesday at the interbank market. This had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. Since the introduction of this instrument, there has been a substantial change in the way banks manage their reserves. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB auction has been held in the form of competitive interest rate since May 2010. In doing so, the upper and lower limits of the bank bids are to set +/- 2 per cent of the policy rate.

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PM U.Khuresukh receives congratulatory letters from his Russian and Chinese counterparts www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister of Russia Dmitry Medvedev and Prime Minister of China Li Keqiang sent congratulatory letters to U.Khurelsukh on assuming his duty of Prime Minister of Mongolia.

In his letter, the Russian Prime Minister congratulated U.Khurelsukh and remarked on the friendly partnership between the two countries.

“I am confident that development of bilateral trade and economic cooperation and implementation of mutually beneficial projects in investment, transport, energy, agriculture and other sectors will meet the long-term interests of our two countries,” Prime Minister Medvedev wrote.

The Chinese Premier congratulated Prime Minister U.Khurelsukh on being appointed as the new PM of Mongolia and said, “China and Mongolia are friendly neighbors connected by mountains and rivers,”

“China is ready to prioritize bilateral relationship, put collaborative efforts, increase political trust, intensify bilateral relationship and concrete cooperation in all sectors and upgrade China-Mongolia comprehensive strategic partnership to a new level,” the Premier said in his letter.

The Parliament appointed last Thursday U.Khurelsukh as the 30th Prime Minister of Mongolia, succeeding J.Erdenebat.

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MBD business program in London UK (Nov 28-Dec 03 2017) www.mongolianbusinessdatabase.com

Mongolian Business Database MBD (www.mongolianbusinessdatabase.com) is registering the business participants to Mongolian-British Chamber of Commerce and Industry's "Doing Business with Mongolia" seminar in London on Nov 30 and business program which includes the visiting to AI Tech World Expo, World Communication Expo and British House of Parliament etc.

The MBCC (http://mongolianbritishcc.org.uk) is a not-for-profit membership organisation established in 2009 to foster strong business links between Mongolia and the UK. Chaired by Mr John Grogan British Parliament member, it aims to provide a professional and social environment for business people who wish to be introduced to, and become part of, the British-Mongolian business culture and community.
Please visit to following link for information in details and contact at contact@mongolianbusinessdatabase.com e mail, 99066062 for the registration and inquiry.

http://mongolianbusinessdatabase.com/base/eventsdetails…

The registration will close on Oct 20, Friday. 2017

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E-car segment revs up to push throttle full forward www.chinadaily.com.cn

Potential end to sales of gasoline cars in China could benefit makers of electric cars, and suppliers of spare parts and power management solutions in the long run, analysts said.

In fact, ever since talk started about a gradual shift to e-vehicles, shares in e-car companies fluctuated significantly.

Policymakers have been hinting at a possible timeframe soon for phasing out cars that use gasoline as fuel from the China market.

For instance, Xin Guobin, deputy head of the Ministry of Industry and Information Technology, said at a news conference in early September that authorities are studying a timetable for stopping sales of gasoline cars in China.

At another conference on power and battery development, Xin said that the development of high-efficiency special batteries is key to the development of e-vehicles in China.

Wang Chuanfu, president of BYD, China's largest e-car maker, said in a recent interview that he estimated sales of gasoline cars will likely end in 2030.

According to Wind Information Technology, a market information provider, investors may have traded in shares of e-vehicle makers to the tune of 2 billion yuan ($301.6 million) to 5 billion yuan in the last two weeks of September, in the run-up to the week-long National Holiday.

Shares in e-car market leaders and battery suppliers outperformed other auto industry labels. For instance, shares in Shenzhen-listed BYD, rose almost 44 percent from 48.29 yuan on Sept 1 to 69.51 yuan on Sept 27.

According to a report by China International Capital Corporation Limited or CICC, large-scale production of e-vehicles and a bigger market share in the overall mobility market are inevitable in the next few years.

"Ending sales of gasoline cars is a global trend, and China is not going to fall behind," the report said.

Norway and the Netherlands have announced they will end sales of gasoline cars in 2025. Germany and India will do so in 2030, and the UK and France in 2040.

Sales revenue of e-vehicles in China has been growing fast. Policymakers are setting ambitious goals for further expanding the market share of such vehicles in the entire mobility sector.

In 2016, e-vehicles accounted for some 1.8 percent of all vehicles in China. A plan set by MIIT said their market share shall be increased to 5 percent in 2020 and 20 percent in 2025.

Sales volume of e-vehicles is estimated to climb from 507,000 units in 2016 to 2 million in 2020 and further grow to 5 million in 2025.

Policies will encourage purchase and use of e-vehicles in China. For example, buyers would be offered free car plates in megacities. In contrast, gasoline car owners may need to pay more than 80,000 yuan for a plate at auctions in Shanghai.

Such incentives will likely further help increase market share of e-vehicles, said a bluepaper on the China market by Fitch Ratings.

In the longer term, however, development of e-vehicles in China depends on battery technology improvements and infrastructure like charging networks, said the paper.

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Russia, Saudi Arabia earned $40bn each from OPEC output-cutting deal – state investment fund head www.rt.com

Russia and Saudi Arabia have each earned $40 billion from the 2016 deal between OPEC and non-OPEC countries to cut oil output, said Kirill Dmitriev, CEO of the Russian Direct Investment Fund.

International efforts to stabilize oil prices “have been fruitful, bringing oil prices to above $55 per barrel,” Dmitriev told Rossiya 24 news channel.

“We believe that without this deal, prices would be below $35 per barrel now,” he added.

Dmitriev praised the 2016 agreement, saying it “generated trust between nations and showed that by working together we can achieve meaningful, serious results.”

Saudi Arabian Energy Minister Khalid Al-Falih, who was in Moscow together with other officials accompanying King Salman on his landmark Russian visit earlier this week, also said that the deal between OPEC and non-OPEC countries had helped to stabilize oil prices.

The minister also said that cooperation between Riyadh and Moscow had “breathed back life into OPEC which found itself, quite frankly, unable to swing its production as supply was persistently high in 2014 and global inventories were steadily rising ahead of demand.”

The deal has been prolonged until April 2018, but its future after that remains uncertain.

Earlier this week, Russian President Vladimir Putin suggested that the accord may be extended until the end of next year.

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