1 US TRADE WAR COULD COST GLOBAL ECONOMY $430 BILLION, IMF WARNS WWW.RT.COM PUBLISHED:2018/07/18      2 US PLANS G7 TALKS ON CHINA WWW.NHK.OR.JP PUBLISHED:2018/07/18      3 GOOGLE HIT WITH RECORD EU FINE OVER SHOPPING SERVICE WWW.BBC.COM PUBLISHED:2018/07/18      4 TURQUOISE HILL ANNOUNCES SECOND QUARTER 2018 PRODUCTION AND COMPLETION OF SHAFT 5 WWW.GOGO.MN PUBLISHED:2018/07/18      5 DEVELOPMENT OF BILL ON CIVIL SERVANT CODE OF CONDUCT FINALIZED WWW.GOGO.MN PUBLISHED:2018/07/18      6 CRUDE OIL EXPORTS GENERATED 94.3 BILLION WWW.GOGO.MN PUBLISHED:2018/07/18      7 MONGOLIAN PRESIDENT SUMMONS IRREGULAR PARLIAMENTARY SESSION WWW.NEWS.MN PUBLISHED:2018/07/18      8 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      9 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      10 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      ГЕРМАНЫ “ЧИНГИС ХААН” ХАМТЛАГ ИРЭХ ОНД МОНГОЛД ТОГЛОЛТОО ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     АНУ, ОХУ ХҮЙТЭРСЭН ХАРИЛЦААНДАА ЦЭГ ТАВИЛАА WWW.UBINFO.MN НИЙТЭЛСЭН:2018/07/18     ХУДАЛДААНЫ ДАЙН ХЯТАДЫН КОМПАНИУДАД НӨЛӨӨЛЖ ЭХЭЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/18     МОНГОЛД 92 ОРНЫ 9.6 МЯНГАН ГАДААДЫН ИРГЭН АЖИЛЛАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/18     ГАДААД ХУДАЛДААНЫ НИЙТ БАРАА ЭРГЭЛТ 6,3 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЧЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/07/18     ЕВРОПЫН ХОЛБОО ЯПОН УЛСТАЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ГЭРЭЭ БАЙГУУЛАВ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/07/18     АЖ ҮЙЛДВЭРЖИЛТИЙН ЭРЧ СУЛАРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/18     МӨНГӨНИЙ НИЙЛҮҮЛЭЛТ 3.8 ИХ НАЯД ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/18     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    

Events

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

NEWS

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Ambassador S.Bayar presented his credentials to the Secretary-General of the International Maritime Organization www.embassyofmongolia.co.uk

 
The Ambassador of Mongolia to the UK, Mr. Bayar Sanjaa presented his credentials to the Secretary-General of the International Maritime Organization (IMO), Mr. Kitack Lim.
 
Emphasizing a significance of the maritime transportation in the economic development of landlocked developing countries like Mongolia, Ambassador Mr. S.Bayar informed of policies and activities carried out by the Government of Mongolia in the water-borne transportation, and introduced ongoing outcomes and challenges in this area, and requested to render a support in providing technical assistance and consultancy assistance for further improvement of national legislations and standards.
 
Mr. Kitack Lim congratulated the Ambassador on being the Mongolian Permanent Representative to the IMO and committed to take every effort to develop Mongolia – IMO cooperation and to provide technical assistance to Mongolia.
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Nomadic Elephant 2017: India-Mongolia Train Together To Take On Terrorism www.ndtv.com

 
VAIRENGTE, MIZORAM: Somewhere near Vairengte in the north-eastern state of Mizoram, the sun is harsher than it should be in April. Suddenly, a helicopter appears on the horizon and soldiers slither down the rope that is dropped from the chopper as it hovers over a field where the crop has been recently harvested. The men disappear behind a hillock and then there's silence. Minutes later, gun shots are heard. Amidst the heavy firing, the soldiers, who literally appeared from thin air, throw a grenade into one of the structures. The grenade explodes and the soldiers return with a captive man. Another man tries to escape but he is shot by a sniper who takes aim from behind a set of trees.
 
This is a reality in insurgency-hit states but this time around it is make-believe. The 12th edition of India-Mongolia military exercises, titled Nomadic Elephant 2017 have just concluded at the army's premier Counter Insurgency and Jungle Warfare School in Vairengte at Mizoram. The two armies have collaborated and trained to fight terrorism together. This exercise is a display of the skills they have acquired.
 
Three officers, four JCOs and 39 soldiers of the Jammu and Kashmir Rifles have teamed up with nine officers and 36 soldiers who belong to Mongolia's elite 084 Special Task Battalion that has served in areas like South Sudan, a region hit by civil war and is being manned by a UN Peacekeeping Force. Mongolia, hasn't really suffered the scourge of terrorism but knows terrorism has no borders and its always prudent to have a well-trained anti-insurgency force with special skills in jungle warfare.
 
Major General Sukhbat Radnaabazar, the Deputy Chief of General Staff of the Mongolian Armed Forces tells NDTV, "Those abilities which we have learned from here have taught us how to counter terrorism in the future. Because terrorism today is globalised it is an international threat at this time."
 
Major General PN Verma, the General Officer Commanding of the 59 Infantry Division says, "This battalion which has come from Mongolia is one of their most elite battalions. It has got a lot of exposure in the international arena. They have got their own exposure, their own expertise as a specialised force and it was great learning from them some procedures and drills which is different from ours."
 
Soldiers from 40 countries have exercised at the Counter Insurgency and Jungle Warfare School
The soldiers from India and Mongolia have displayed how they tackle a hostage situation, an ambush and clearing a terrorist hideous, jobs that require extreme skills and tenacity.
 
Commanding Officer of 15 JAKRIF, Colonel Parvinder Singh, SM says, "For the last 15 days we have mutually benefitted from the expertise of each other and the kind of synergy, functional coordination and the tactical interoperability that we have achieved you just witnessed. It is commendable and both have benefitted from this exercise."
 
Soldiers from 40 countries have exercised at the Counter Insurgency and Jungle Warfare School after it was set up in 1970. For Mongolia, it's the 12th joint exercise and it is called Nomadic Elephant 2017, which the two armies say have helped them prepare to take on any eventuality that they may have to face in case terror strikes. But what perhaps also is worth noting is the mood with which the exercises ended. The men may not have spoken a common language but in the words of one officer, "they met as strangers and departed as brothers."
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JD.com signs deal with HP to target corporate clients www.chinadaily.com

Chinese e-commerce giant JD.com Inc signed strategic partnership with HP Inc on Thursday, a move aimed at boosting its strength to compete in the growing enterprise market in the country.

Under the deal, the two sides will enhance cooperation in product development, sales, marketing and customer services, connecting the sales platform and brand to offer clients better services.

Hu Shengli, president of JD.com Inc's 3C business department, said the two companies aimed to offer high-quality products and services to meet clients' changing needs.

"Instead of simply copying the offline experiences, we will focus on industry exploration and networking. Supported by JD's technology capability and platform, it will be a win-win game."

"We two will especially work together to provide customer services, which will help reduce the cost and offer better user experiences."

With the help of JD.com's big data technology, HP Inc will be able to better target the enterprise market, introducing more customized products and industry solutions accordingly, the company said.

According to a report released by market research company IDC in April, HP Inc took back the top spot in the global PC market by shipment for the first quarter this year, followed by its rival Lenovo.

Zhuang Zhengsong, president of HP Greater China Region, said HP will take JD.com as its priority sales platform and will work with JD.com to bring more products for corporate clients.

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Russia to build 2 nuclear power plants in Iran www.rt.com

Russian experts will help the Atomic Energy Organization of Iran (AEOI) construct two new nuclear power plants in the country’s southern city of Bushehr, according to Iran’s Energy Minister Hamid Chitchian.
“The contract has been signed between the AEOI and Russia, and includes building two 1,000-megawatt nuclear power plants, the construction of which is about to start,” said Chitchian.

The minister added that the construction of a third joint power plant with Russia, with the capacity of 1,400 MW, has already begun.

Last year, the Iranian vice president and head of the country’s Atomic Energy Organization, Ali Akbar Salehi talked about the plans to construct two new nuclear units in cooperation with Russia. He stressed that the process could take up to ten years and would cost $10 billion.

Earlier this year, Russian Energy Minister Alexander Novak said Moscow wanted to finalize the agreement with Iran and help the country build more power plants.

Moscow and Tehran have been deepening ties in a number of sectors, including oil, defense, and fisheries.

Following a decade of total economic isolation energy-hungry Iran is eager to start building power plants and update its energy infrastructure. Russian companies are likely to be among the preferred bidders.

Russian energy major Gazprom has sealed a cooperation agreement with its Iranian counterpart for the development of local gas deposits.

During his visit to Moscow last month, Iran’s President Hassan Rouhani highlighted the importance of the energy sector in bilateral relations and the possible creation of a free trade zone between Iran and the Eurasian Economic Union that includes Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan.

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“Chandmani” Agro-park delivering fresh products to customers www.montsame.mn

“Chandmani” Agro-park, one of the leaders of Mongolia’s industrial technology, has launched a “Greenhouse complex” project in Bayanchandmani soum of Tuv aimag to deliver to domestic customers the organic products grown in the soil of Mongolia.

The customers who used to head to greenhouses in the rural areas to get fresh vegetables and fruits in different varieties, are now able to buy these products with a tag ‘locally-made’ in supermarkets and grocery stores of Ulaanbaatar.

“Chandmani” Agro-park, with an aim to provide fresh and organic products to the population of Ulaanbaatar, is planning to supply its products to military units in the future.

Mongolia is aiming to establish domestic factories interconnected with each other as an Industrial Technological Park following the example of countries with highly developed industry.

The agricultural and technological “Chandmani” Agro-park is working to establish shopping centers and factories to manufacture final products of milk, meat, fruits and berries and vegetables on its 80 hectares of land in Bayanchandmani soum within the framework of “Food Production” project. The Agro-park owns a total of 1900 hectares of land.

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New Asian companies find success with a regional focus www.asia.nikkei.com

TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."

One reason for this is that some problems that startups aim to solve are common to the region. A business model or product that addresses such a challenge has a large, ready-made market at hand, potentially creating the next Asian unicorn.

Philippine startup Salt is a great example. Salt -- short for "sustainable alternative lighting" -- found itself in the spotlight when co-founder Aisa Mijeno shared the stage with former U.S. President Barack Obama and Alibaba Group Holding Chairman Jack Ma Yun at the 2015 Asia-Pacific Economic Cooperation meeting in Manila.

The company makes lamps that use saltwater as the catalyst for a fuel cell, instead of the kerosene that fuels lamps across Southeast Asia in areas without electricity. Mijeno came up with the idea for a saltwater lamp after living with a remote tribe in Kalinga, in the northern Philippines. During her monthlong stay with the Butbut, Mijeno learned that people had to walk at least six hours to the nearest town to buy kerosene.

Enter Salt's lamp, which, the company says, can last six months when used eight hours a day and maintained properly.

"We were trying to determine what the staple items in every household in the Philippines were, and we found out that there are actually three staple items: salt, water and rice. That's the main reason we used salt water as the catalyst ... to generate electricity," Mijeno told the Nikkei Asian Review in an interview last year.

The company was founded in 2014 when it joined Ideaspace Foundation, an incubator that helps fund and develop innovations with commercial potential. Salt was selected by Ideaspace as one of the year's top-10 projects and used its prize money to start working on a prototype. It has since delivered over a thousand lamps to remote communities in the Philippines, and partnered with a local manufacturer to begin mass production.

Fashion for the faithful

For Diajeng Lestari in Indonesia, the "problem" that needed addressing was helping Muslim women express their fashion sense while maintaining their modesty. This led her to create Hijup in 2011, a pioneering Islamic fashion website. The online shopping mall offers clothing and accessories aimed mainly at Muslim women.

Hijup is short for "hijab-up," as in make up or dress up. The hijab is the headscarf worn by some Muslim women.

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Landlocked countries’ Int’l think tank aspires to push forward trade liberalization www.montsame.mn

Ulaanbaatar /MONTSAME/ The International Think Tank for Landlocked Developing Countries (ITT for LLDCs) and the University of Sydney jointly organized a conference themed “Exploring Connectivity in Landlocked Developing Countries” on April 20 at the UN House in Ulaanbaatar. The participants ran discussions under three spheres of connectivity: International trade; Information and communication technology; and Transport.

Dr. Shaowen, a researcher at the University of Sydney, presented the findings of his study on “Transport and Infrastructure Connectivity”, Dr. Sandra – on “International Trade and Connectivity” by the example of landlocked Laos, and Dr. Barney – on “ICT Connectivity” and the development of ICT infrastructure and sunrise growth of technology in Azerbaijan.

It was found that growths of landlocked nations are quite distinct from each other. As for Turkmenistan, revenues from mining and oil exports are fully dedicated to road and freight spheres, while the situation is different in Kyrgyzstan. According to the researchers, the situations were almost impossible to correlate. Instead, researchers focused on how the countries have coordinated their national policies with their unique geological and regional characteristics, and what perspectives are observable.

Although, Mongolia was not taken as a separate subject, transport study considered the situations in five Central Asian countries, began Dr. Shaowen. “However, I think, the findings of the research can be applied to other countries. It is completely possible for the landlocked nations to improve connectivity in transport and the economy. But, possibility can only be mobilized with commitment”, he said.

The UN Group of Landlocked Developing Countries consists of 32 countries, which do not border with international waters in geological terms, isolated from the key global markets, have small population and small-scale economy. The study revolved around the examples of infrastructure growth in air transport and many other spheres in LLDCs. For instance, Laos has always maintained a same level of international investment in all parts of the economic cycle. Whichever political force has taken the power in Laos, international investors’ confidence has remained the same. Such stability is the main reason to why the Asian Development Bank and Japan, as well as other donors, are eager to invest in this country. As for Azerbaijan, it is the fastest growing economy among LLDCs, said Dr. Shaowen.

Interim Director of ITT for LLDCs and Ambassador at-Large at the Ministry of Foreign Affairs of Mongolia, Mr E.Odbayar:

“Mongolia has scared away its foreign investors, when the economy had an annual growth of surging 17.7 percent. Today, we are working to regain their trust. As a researcher, our mistake was the lack of connectivity at home. Coordination between the activities of different institutions were poor. Regulations violate laws, and laws override regulations. This situation needs to be stopped”.

“Mongolian economy is highly dependent on the events happening in two neighboring countries. Mongolia endures great amount of the trade deficit while exporting raw materials, minerals and semi-processed products to its neighbors. Therefore, it is quite significant to conduct studies and discussions on these kinds of topics”.

State Secretary of the Ministry of Foreign Affairs, Mr. D.Davaasuren brought the spotlight on the issue of upgrading ITT for LLDCs to the level of internationally-recognized intergovernmental think-tank. “The first problem facing any LLDC is the relatively higher transport cost of international trade. Transport period is very long and cost-ineffective. Our vision is to establish an international institution jointly with the other 31 LLDCs. Then, UN Secretary General, Mr Ban Ki-moon came up with an initiative to establish such an organization, to be headquartered in Ulaanbaatar, in 2009. The ITT for LLDCs is the first embodiment of the mentioned initiative. It now has a status of international organization, having been recognized by 10 countries. If all parliaments of the 32 countries back the status of the international think tank, it will become able to attract international donations to forward trade liberation, increase exports and diversify our economies”, he concluded.

Background

The International Think Tank for Landlocked Developing Countries (ITT for LLDCs) and University of Sydney confirmed their mutual interest in collaborating in areas affecting Landlocked Developing Countries (LLDCs) and signed the Memorandum of Understanding in 2015 in order to explore collaborative opportunities in research and other activities to jointly support knowledge sharing among LLDCs and South-South Cooperation.
In the framework of the Memorandum of Understanding both Institutions agreed to implement a joint research project in 2016 with the ultimate goal of contributing to the successful implementation of the SDGs and the Vienna Programme of Action.
The joint research project document which was established in 2016, defined the scope of the project and both sides agreed to develop a total of 3 research papers on transport and access, trade and development as well as ICT and connectivity issues of LLDCs respectively under the overall theme “Exploring Connectivity in Landlocked Developing Countries”.

B.Amarsaikhan

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Post cyclone coking coal price plunge www.mining.com

The price of coking coal dropped sharply on Thursday with the industry benchmark price tracked by the Steel Index losing 4.6% to $289.50 a tonne as supply disruption following tropical storms in Australia begin to ease.

Last week the price of Australia free-on-board premium hard coking coal jumped to highest since the second quarter of 2011. That price spike was also the result of flooding in Queensland that saw quarterly contract prices negotiated at an all time high of $330.

Cyclone Debbie caused serious damage to key rail lines serving mines in the state of Queensland and while three lines have now reopened according to operator Aurizon, but large sections of the Goonyella railroad in the centre of the network is only be expected to be up and running in a week's time.

Earlier expectations were that roughly 12–13 million tonnes of Australian met coal cargoes destined for China, India and Japan could be delayed, but Aurizon said this week up to 21 million tonnes have been affected.

A total of 221 million tonnes of coal was exported last year from Queensland, according to the Queensland Resources Council quoted by Reuters and of that at least 75% be steelmaking coal.

Customs data released last week showed Chinese imports of coal – both thermal and metallurgical coal – in March rose 12.2% from a year ago and 25% from February to 22.1 million tonnes.

The global met coal market is around 300 million tonnes per year with premium hard coking coal or PHCC constituting more than a third of the total market. More than half of PHCC seaborne coal come from Australian producers according to TSI data.

A reduction in allowable work days at China's coal mines last year sparked a massive rally in coal prices, lifting met coal prices to multi-year high of $308.80 per tonne by November from $75 a tonne earlier in 2016. But the speculative rally fizzled soon fizzled out with the commodity hitting a 2017 low of $150.10 a tonne last month.

While coking coal is returning to more expected levels, iron ore's unnerving decline – more than a third over just the last month – appears to have been arrested.

The Northern China import price of 62% Fe content ore advanced for a second day on Thursday trading at $64.70 a tonne after dipping to a six-month low of $61.50 per dry metric tonne on Tuesday according to data supplied by The Steel Index.

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MNT35 Billion spent for free trade zones from state budget www.montsame.mn

 
Ulaanbaatar /MONTSAME/ A total of MNT35 billion has been spent for three free economic zones of Altanbulag, Zamyn-Uud and Tsagaannuur since their establishment, said Deputy Prime Minister U. Khurelsukh. Yesterday, April 19, the Deputy PM made a report on the activities of the free zones and future perspective at the Parliamentary Standing Committee on Economics. 77 per cent of the funding has been invested for infrastructure development of the Altanbulag free zone, which is running regular activities.
With a soft loan from the Chinese Government, infrastructure improvement project of Zamyn-Uud has been implemented since 2010, and in the framework of the project, facilities of heating, electricity, water supply, sewer system, roads and communication are being newly built or renovated. The project costs USD58.8 million and the project performance is 95 percent.
A private sector investment has started to be made in the Altanbulag free zone, as legal environment has been established to make investment partly in the zone, according to the order No.48 by the Minister of Industry and Trade in 2006. A total of MNT6.2 billion has been invested from the private sector for the Altanbulag free zone, while private sector investment has not been made in Zamiin Uud and Tsagaannuur free zones.
13 companies are operating in the Altanbulag free zone among 49 companies, which made investments and 16 companies have paid MNT24.6 million for land fee last year. The Zamiin-Uud free zone has 13 companies registered and they got land certificates to use 23.6 ha of land. The Zamiin-Uud free zone allotted MNT319 million to the state budget as land fee in 2015 and 2016, while the Tsagaannuur free zone allotted MNT68 million in 2016 for land fee of 5 companies for 115 ha of land.
Deputy PM U.Khurelsukh also introduced planned works to intensify the activities of free zones to encourage domestic and foreign investment. He underlined the necessity to start a joint establishment of free zone with bordering countries. The Deputy Prime Minister's Office and Ministry of Foreign Affairs have developed necessary studies and they are holding talks with the People’s Republic of China to establish a joint free zone.
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Government to receive US$ 100 million loan to reduce the non-performing loans www.mongolia.gogo.mn

 
The volume of non-performing loans is increasing. Thus, Government of Mongolia decided to implement a program to restore the banking sector and strengthen financial stability which aims to revise the structure of the banking sector and cover necessary funds.
In scope of the program, 12 measures to be taken including establishing active management company to manage non-performing loans, introducing system to address banks' debt burden, changing affiliated laws and regulations in order to ensure financial stability, improving banking supervision and strengthening governance.
In regards, Asian Development Bank agreed to grant US$ 100 million repayment period of 15 years.
The percentage of non-performing loans in total loans reached the highest level at the end of last year.
The non-performing loans at the level of the bank system reached 1 035.5 billion togrogs in 1Q`17, down by 34.6 billion togrogs or 3.2% from the previous month, up by 67.6 billion togrogs or 7.0% from the same period of 2016.
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