|“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|
Chinese FM: China willing to develop healthy and stable relations with good neighborliness and friendliness with Mongolia www.akipress.com
AKIPRESS.COM - Chinese Foreign Minister Wang Yi met with his Mongolian counterpart Tsend Munkh-Orgil September 20 on the sidelines of the UN General Assembly in New York, the Chinese foreign ministry said Monday.
Wang Yi expressed that China and Mongolia are friendly neighboring countries connecting by rivers and mountains. China has always treated Mongolia with goodwill and sincerity, and is willing to develop healthy and stable relations with good neighborliness and friendliness with Mongolia. Both countries enjoy high complementation in economic structure and huge cooperative potential.
China is pleased to see Mongolia to get on China's economic express train to achieve development and prosperity at an early date. China hopes the Mongolian side to earnestly respect core interests of China, properly handle sensitive issues concerning China, and create a favorable social environment and public foundation for the development of bilateral relations.
Tsend Munkh-Orgil said that whatever happens to the domestic political situation, Mongolia will always take the development of friendly relations with China as its diplomatic priority, and this basic policy does not and will remain unchanged. Mongolia supports the "Belt and Road" initiative proposed by China, and is willing to deepen cooperation with the Chinese side under this framework.
Some of the unfriendly voices in Mongolia do not represent the mainstream Mongolian public opinion. Mongolia is ready to properly handle relevant sensitive issues, and create a sound atmosphere for the development of bilateral relations through enhancing people-to-people and cultural exchanges, media cooperation and other methods.
FM Ts.Munkh-Orgil: We strongly oppose the DPRK`s acts of destabilizing regional security www.gogo.mn
ULAANBAATAR (GoGo Mongolia) - We deliver you the highlights of a statement by Foreign Minister of Mongolia Ts.Munkh-Ogril at the United Nations General Assembly in New York.
Among global development priorities, the special needs of landlocked developing countries come front and centre for Mongolia.
Enhancing connectivity is an urgent priority that all landlocked developing economies share.
In order to improve market access to main trading partners, Mongolia is studying the feasibility of free trade agreements with the Eurasian Economic Union, the People`s Republic of China and the Republic of Korea. An Economic Partnership Agreement is already in place with Japan.
Mongolia is keen to further work together with our two neighbors and other partners to improve rail, road, air, energy networks and pipeline infrastructure and increase access to the sea.
Mongolia`s State Policy on Energy, adopted in 2015, set an ambitious goal to produce 30 percent of its energy demand from renewable resources by 2030. Our solar and wind resources are estimated at 7000 TW and 5000 TW respectively.
We are working with our partners to implement the Gobi Tech and the Asian Super Grid projects to supply renewable energy for the Northeast Asia.
Timely and effective implementation of the sustainable development agenda cannot be achieved without peace and security. However, peace is being threatened on a number of fronts.
Mongolia is deeply concerned with the escalating tension in Northeast Asia. We strongly oppose the DPRK`s acts of destabilizing regional security by conducting repeated nuclear tests and ballistic missile launches in defiance of the international community`s will and in violation of the relevant resolutions of the UN Security Council. As a country with 25-year-old nuclear-weapon-free zone status, Mongolia reiterates its principled position that the Korean Peninsula must be nuclear-weapon-free. We urge the Parties concerned to refrain from actions that could heighten the tension in Northeast Asia and resolve the issue through peaceful means.
It is beyond doubt that the only way to resolve the Korean Peninsula`s nuclear issue is through dialogue. One of the avenues of dialogue could be the Ulaanbaatar dialogue on Northeast Asian Security initiated by Mongolia in 2013. We organized its 4th International Conference in UIaanbaatar last June. Compared to previous three conferences held at Track 2 level, this year`s we held it at Track 1.5 Lebel. The dialogue discusses not only security issues in Northeast Asia but also potential projects in the energy and environmental sectors. As such, the Ulaanbaatar Dialogue is an open dialogue mechanism that ensures the participation of all countries in Northeast Asia.
TOKYO/YANGON -- In a tiny village in central Myanmar, about a two-hour drive from the nation's second largest city Mandalay, electricity does not arrive through power lines. It comes from home generators or solar panels.
But that does not stop the locals from charging their smartphones.
"How many of you have a mobile phone?" the Nikkei Asian Review asked a gathering of several dozen residents, and almost everyone's hand shot up.
The spread of mobile telecommunications across emerging Asia is being spearheaded by foreign players, which offer high-speed 4G networks, music, mobile payments and other new services. The result is enormous growth in the market, as well as a rapid shift in both marketing mindset and lifestyles in such countries.
For Myanmar, the change came in 2014 when Norway's Tenor and Ooredoo of Qatar entered the market which had been dominated by state-owned Myanmar Posts and Telecommunications. The scope of the dramatic change can be measured in SIM card prices. What used to cost several hundred dollars now go for a little over $1 apiece.
As a countermeasure, the MPT in 2014 partnered with Japanese wireless carrier KDDI and trading house Sumitomo Corp. to establish a joint venture.
The estimated market share in 2016 is 47% for MPT, the largest, followed by 37% for Telenor and 16% for Ooredoo.
The mobile penetration rate in Myanmar has jumped from 3% just five years ago to 89% in 2016.
Foreign companies' strength is not limited to their financial power and technologies.
By importing the sales know-how they have acquired over the years, they have spurred demand in the country.
According to Yoshiaki Benino, chief operating officer of joint venture among MPT, KDDI, and Sumitomo, their partnership has "drastically changed the local staff's attitudes."
Before they joined hands, MPT did not even have sales officials. In May this year, when the nationwide 4G mobile phone service launched, technical staff members and others who have moved to sales positions traveled from village to village by bike.
Benino said there has been a shift from their passive attitude that depends solely on the customer's willingness to buy.
Benino said they have started thinking seriously about the most effective ways to sell their products.
Chinese automakers are gaining an increasingly larger market share of their home market, but industry insiders said they should not be overly optimistic as there is still a long way to go.
More than 6.38 million China-branded passenger cars were sold from January to August, 4.8 percent growth year-on-year. That's more than double the growth rate of the passenger car sector as a whole, according to statistics from the China Association of Automobile Manufacturers.
Chinese brands seized 43.2 percent of the market share in the period, far higher than the runner-up, as German carmakers' products accounted for 20.5 percent of the market.
Yang Xueliang, vice-president of Geely Group, believes the upward trend will go further.
"If the momentum continues, Chinese brands are likely to have a 50 percent or even 60 percent market share in the long run," Yang said at a Chinese brands-themed automotive forum in Shandong province last week.
Geely is one of the fastest-growing Chinese automakers in China. In the first eight months this year, it sold 718,000 new cars, surging 88 percent year-on-year.
Geely now owns Swedish brand Volvo and Malaysia's Proton, and has unveiled its own brand Lynk & Co, aiming to compete with international brands such as GM and Volkswagen.
At Changan Automobile, which has partnerships with Ford, Suzuki and Mazda, the international brand cars accounted for roughly 45 percent of the group's total sales last year, according to Li Wei, its vice-president.
"Our Changan-branded cars took 55 percent. Our own brand is rising within the group, so we feel that Chinese brands as a whole are full of hope too."
Wang Xia, chairman of the Automotive Industry Committee of the China Council for the Promotion of International Trade, said Chinese brands have seized the opportunity and realized rapid growth, but they should not be complacent about what they have achieved. "Instead, they should prepare for a tug of war with international brands over a long period of time," he said.
Wang was echoed by Lu Qun, chairman of Qiantu Motor, an electric carmaker. Lu said he believes that Chinese brands could even raise their market share to 50 percent, but there is a long way to go before really getting established.
"How do we make our brands more attractive? How do we offer customers good value for money? And how do we offer them better experiences? We need to find out answers to those questions," Lu said.
Zhang Xiyong, general manager of BAIC Group, said Chinese carmakers still lag behind international big names in the industry in terms of quality and other competitive factors.
He said there were six automotive companies in the list of the 2016 BrandZ Top 100 Most Valuable Global Brands but none of them were Chinese.
Zhang suggested that Chinese companies should try to go global if they want to become global brands.
China sold 800,000 cars overseas last year, a meager 3 percent of what it sold in the domestic market.
As the Belt and Road Initiative has become widely accepted, there is huge potential overseas, said Zhang.
However, he suggested that in China, Chinese automakers should shift their focus from large cities to smaller ones, as people there are becoming major consumer groups.
Xiang Xingchu, general manager of JAC Motors, said Chinese companies should each create their own individual features to appeal to their target customers.
"It is not possible to sell your cars to everyone. Find your target customers and they will be large enough," said Xiang.
"Some say their cars are sporty, some say they excel in safety and some others say they offer premium cars. But aren't premium cars safe? Yes they are. But as a company you have to map out a different route of development."
Xiang said now is one of the best times for Chinese brands, as customers are becoming more reasonable, with growing confidence in Chinese brands.
In addition, the authorities are promulgating stricter requirements in fuel consumption and quality, which are forcing Chinese carmakers to do a better job, he said.
Fu Yuwu, chief of the Society of Automotive Engineers of China, believes new energy cars and connected cars could prove to be sectors where Chinese carmakers can gain an upper hand.
"We have the absolute advantage in smart and connected cars. China is strongly addicted to the internet, even more so than the United States. So I think that if we can make breakthroughs in electric cars as well as smart and connected cars, and if we can introduce business model innovations, then we will have the chance of creating miracles for the Chinese car industry."...
LONDON, Sept 22 (Reuters) – Kazakhstan-focused copper miner Central Asia Metals said it would buy Bermuda-based Lynx Resources Ltd in a $402.5 million reverse-takeover deal from its owners.
The acquisition would be funded by a mix of debt and cash, Central Asian Metals said on Friday as it announced a 39 percent jump in full-year core profit.
Lynx Resources, which mines zinc and lead, is owned by Bermuda-based fund Orion Co-Investments III L.P. and Swiss PE firm Fusion Capital AG.
CEO Nick Clarke said the main reasons for the purchase was the low cash costs and that zinc and lead prices were forecast to remain strong in the short to medium term.
"All that you can control is the costs, so when you know that the costs are below where metal prices could go, you are going to stay in profit," Clarke said.
The deal is subject to regulatory approval in Macedonia, among others, and Central Asia Metals expects to have control of the mine from Oct. 1, the company said.
The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.
Last year, Lynx mine produced 22,515 tonnes of zinc concentrate and 28,955 tonnes of lead concentrate, the statement said.
Clarke said his team had considered about 150 projects over the last three years before finding Lynx mine earlier this year.
The company also said it would change its dividend policy from paying 20 percent of revenue to a payout target range of 30 to 50 percent of free cash flow.
Central Asia Metals raised 137.4 million pounds ($185.71 million) via a share placement on Friday.
Prices of zinc are up about 18 percent while lead have added 23 percent.
According to the recent Foreign Minister of Mongolia Mr.Ts.Munkh-Orgil's visit to Israel, Mr.Ophir Gore, Israeli Ministry of Economy and Industry's Head of Investment & Trade mission and Mr. Chaim Martin, Head of the Economic Mission to China are going to visit to Mongolia through Oct 22-25 in order to promote Israeli global ranking technology and no-how on cleantech (inluding agritech, water and energy relevant for the mining industry), homeland security solutions, medical devices, cosmetics and pharmaceuticals and follow up/develop the particular B2B relations between Israel and Mongolia.
Please contact to MBD (firstname.lastname@example.org, tel: 99066062) for special interest on above mentioned business fields for "Doing business with Israel and possible meeting appointment with the delegates
Ulaanbaatar /MONTSAME/ A new project titled ‘MNB World’ has been launched by the Mongolian National Broadcaster (MNB) which is celebrating its 50th anniversary on September 27.
Following implementation of the ‘MNB World’ project, the MNB will launch a new television channel named ‘MNB World’ which will aim to promote Mongolia abroad in accordance with the clause 3.3 in the Law on Public Radio and Television.
“The project will facilitate the broadcasting of timely and factual news and entertainment and tourism-related content. As such, MNB World will be the first channel independent from politics,” said B.Bayartulga, member of the project team.
According to the project team, the ‘MNB World’ project will run from 2018 to 2020 with the speculated launch year of the channel being 2019. After distributing its content to domestic viewers, the MNB World channel aims to reach audiences in more than 20 Asian countries gradually.
LONDON (Reuters) - U.S. taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its license in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported.
The Sunday Times also quoted sources close to London’s transport body as saying the move was encouraging and suggested the possibility of talks.
“While we haven’t been asked to make any changes, we’d like to know what we can do,” Tom Elvidge, Uber’s general manager in London, told the newspaper. “But that requires a dialogue we sadly haven’t been able to have recently.”
A spokesman for Transport for London (TfL) declined to comment.
The Sunday Times said Uber’s concessions were likely to involve passenger safety and benefits for its drivers, possible limits on working hours to improve road safety and holiday pay.
TfL stunned the powerful U.S. start-up on Friday when it deemed Uber unfit to run a taxi service for safety reasons and stripped it of its license from Sept. 30, although the company can continue to operate while it appeals.
The regulator cited failures to report serious criminal offences, conduct sufficient background checks on drivers and other safety issues.
Uber responded by urging users in London to sign a petition that said the city authorities had “caved in to a small number of people who want to restrict consumer choice”. The move echoed Uber’s strategy in disputes with other cities.
By 2200 GMT on Saturday, more than 600,000 people had signed although it was not clear how many of them were in London.
A spokesman for Uber said around 20,000 Uber drivers had emailed the city’s mayor directly to object to the decision.
The family of a WA mining executive being held in a Mongolian detention centre after he was sentenced to 11 years jail say his health is deteriorating and they fear for his life.
Mo Munshi, a dual Australian and UK citizen, has been banned from leaving Mongolia since March 2015 and has not seen his family for two-and-a-half years.
In June, the 57-year-old was placed in a detention centre in Ulaanbaatar, where he is unable to speak to his family, sleeps on a wooden bench and is fed two meals a day.
He is only permitted to shower once every 21 days and for nearly three months was not allowed to shave, get a haircut or trim his nails.
His family is too afraid to travel to Mongolia to visit him after they were threatened with kidnap. They are only able to communicate with him through lawyers.
They increasingly fear the approaching Mongolian winter — which will see temperatures plunge to -30C — will take further toll on his failing health.
Holding back tears, daughter Minah explained: “I have grave concerns that he won’t ever see my children again because he won’t survive.”
His son, Arif, added: “It’s nightmare, that’s the only word I can use to describe it.
“We’re not allowed any contact with him, there’s no phone, there’s no Skype, no email. We can’t talk to him directly, so it’s been really hard for all of us.
“His elderly parents who are also living here in Perth are in their 80s. They are very distressed at this situation. They are facing the prospect of perhaps never seeing their son again.”
Mr Munshi is a geologist and founder of Gobi Coal and Energy, which owns two mines in western Mongolia. He has worked FIFO across WA for companies, while his children are former pupils at Christ Church Grammar and PLC.
His family say he was lured to the Central Asia nation in 2015 by a notorious businessman who he believed would introduce him to potential investors.
They are pleading for the Australian and British governments to lobby authorities in Mongolia to secure his release and fear that if his appeal fails, he will be moved to a remote closed prison.
“Given our father’s very serious health issues, and the Mongolian prison conditions, we now urge the Government to help bring our dad home,” Minah said.
“He’s 57, he’s got a bulging disc in his back and severe varicose veins which need surgery and the correct medication.”
Mr Munshi’s Perth lawyers, Alisdair Putt and Jessica Edis, travelled to Mongolia this week.
“He is clearly a long way from home, isolated, unwell and facing the Mongolian winter in basic prison conditions,” Mr Putt said.
In July, he was given a two-day trial over what his lawyers say is a commercial or civil, not criminal matter to do with mining interests he has in Mongolia. He was sentenced to 11 years in prison and ordered to pay $US25 million to the complainant.
Mr Munshi’s company was audited by PWC and KPMG who could find no evidence of any wrongdoing.
He was first arrested on March 10, 2015, by plain-clothes police at an airport in Mongolia.
His passports were taken and he was detained until midnight, then released. Several months later, Mr Munshi’s passports returned but he was subjected to a travel ban and not allowed to leave the country.
His family said he was invited to Mongolia to meet potential investors by a businessman who had been recommended to him by a senior Mongolian political figure. But they claim the man’s aim was to extract money and property from their father.
“As we understand it, this isn’t the first time that they’ve been involved in an extortion case like this because that’s effectively what this case is,” Minah said.
In a letter to the family, Foreign Minister Julie Bishop said the legal aspects of the case were a matter for Mr Munshi and his lawyers, but that his case was being raised at all appropriate opportunities with Mongolian authorities.
In a letter dated August 17, 2017, Ms Bishop said Mr Munshi’s welfare was a “first priority” and that Australian consular support will continue for as long as required....
UK technology firm Imagination, which designs graphics chips for smartphones, is being bought for £550m by a Chinese-backed investment firm.
Imagination put itself up for sale in June after Apple, its largest customer, said it would stop using its products.
The boss of Imagination, Andrew Heath, said the takeover by China-backed Canyon Bridge was a "very good outcome" and would ensure it remained in the UK.
It becomes the latest UK chip designer to be bought by a foreign investor.
Last year, ARM, which designs microchip technology used in Apple and Samsung smartphones, was bought by Japan's Softbank for £24bn.
Canyon Bridge recently raised $1.5bn (£1.1bn) from Chinese investors and has offices in Beijing and San Francisco.
The firm said it currently has no plans to cut jobs at Hertfordshire-based Imagination after the takeover.
Ray Bingham, a partner at Canyon Bridge, said: "We are investing in UK talent and expertise in order to accelerate the expansion of Imagination, particularly into Asia, where its technology platform will lead the continued globalisation of British-developed innovation."
Imagination saw its shares halve in value when Apple said in April that it would end a deal to use its products.
The two firms are still engaged in a dispute over the move - with Imagination questioning Apple's "assertions" that it would be able to develop its own computer chip designs without breaching Imagination's intellectual property rights.
Apple's royalty payments for the chip technology, used in its iPhones, iPads and iPods, accounted for about half of Imagination's revenues.
Mr Heath said: "Imagination has made excellent progress both operationally and financially over the last 18 months until Apple's unsubstantiated assertions and the subsequent dispute forced us to change course.
"The acquisition will ensure that Imagination - with its strong growth prospects - remains an independent IP licensing business, based in the UK, but operating around the world."
It is not Canyon Bridge's first deal for a Western tech company.
The firm is seeking approval for a $1.3bn deal to buy US chipmaker Lattice Semiconductor.
Last week, the Trump administration barred the sale of Lattice to the Chinese-backed company, citing national security risks.