1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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Russian Minister of Internal Affairs meets high-level officials of Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ Deputy Prime Minister U.Khurelsukh received visiting Russian delegates led by Minister of Internal Affairs Vladimir Kolokotsev on May 31.

The Deputy Prime Minister signified the cooperation in the legal sector at the beginning of the meeting and expressed his gratitude towards the establishment of working groups to settle current issues on border relations, as well as to educate and professionalize Mongolian students.

Russian Minister Vladimir Kolokotsov is paying a visit to Mongolia at the invitation of Minister of Justice and Home Affairs S.Byambatsogt. Within the framework of his visit, a cooperation agreement between the Mongolian Ministry of Justice and Home Affairs and Russian Ministry of Internal Affairs was renewed and signed today.

After his meeting with the Deputy PM, Mr. Vladimir Kolokotsev met with Parliament Speaker M.Enkhbold.

On behalf of Mongolia, Speaker M.Enkhbold made requests to sign cooperation documents against terrorism, facilitate residency permit required for Mongolians traveling to Russia and stop conflicts between the public and law enforcers without giving much trouble.

Mr. Vladimir Kolokotsev said "We've made a protocol of cooperation in December 2016 and I'm grateful that we now signed the cooperation agreement today. The agreement includes many important issues such as the fight against drug abuse".

As for your request, It is noteworthy that the citizens are enjoying mutual visa-free travel between both countries. We will further support legitimate travel. However, we are strongly against illegal residency or immigration. The Russian Federation has the highest number of immigrants after the United States. As there is currently a fear of terrorism and organized crime throughout the world, special immunity would be difficult. But some resolutions may be possible. Aside from that, we share the same view and these will be presented to the higher officials" responded Mr. Vladimir Kolokotsev, Minister of Internal Affairs of Russia.

B.Tugsbilig

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2020 Tokyo Games cost-sharing decided www.nhk.or.jp

A broad agreement has finally been reached on splitting the costs for the 2020 Tokyo Olympics and Paralympics.

The metropolitan, national and prefectural governments, as well as the organizing committee, agreed Wednesday on the basic terms of a cost-sharing scheme.

Overall costs for the 2020 Games will be 1.385 trillion yen or about 12.5 billion dollars, excluding reserve funds.

The Tokyo metropolitan government and organizing committee will shoulder 5.4 billion dollars each. The national government will cover 1.3 billion dollars.

Prefectures outside of Tokyo have agreed to conduct transport, security and other operations. These will cost 318 million dollars. Details about the operations and cost will be discussed further.

A cost-sharing plan was originally scheduled to be completed by autumn last year. This was delayed when Tokyo Governor Yuriko Koike proposed reviewing some of the sports venues.

 
 
 
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BA says IT collapse came after servers damaged by power problem www.reuters.com

A huge IT failure that stranded 75,000 British Airways passengers followed damage to servers that were overwhelmed when the power returned after an outage, the airline said on Wednesday.

BA, part of airline group IAG, is seeking to limit the damage to its reputation and has apologised to customers after hundreds of flights were canceled over a long holiday weekend.

The airline provided a few more details of the incident in its latest statement on Wednesday. While there was a power failure at a data center near London's Heathrow airport, the damage was caused by an overwhelming surge once the electricity was restored, it said.

"There was a total loss of power at the data center. The power then returned in an uncontrolled way causing physical damage to the IT servers," BA said in a statement.

"It was not an IT issue, it was a power issue."

Investigations were continuing into the cause of the power surge, it added.

BA had already spoken of an "exceptional power surge" in a statement on Monday, which had been so strong that it rendered the back-up system ineffective.

BA Chief Executive Alex Cruz has also rejected criticism from trade union GMB that the outage could have been avoided had it not decided to outsource IT staff to India.

IAG Chief Executive Willie Walsh, who had been silent in the media in the immediate aftermath, admitted the fiasco had damaged BA's brand but denied that its IT centres were too old.

"We invest billions in new equipment. If investment is required, we make the investment," Walsh was quoted as saying by the Times newspaper.

Experts have questioned how a power surge in one location could knock out both a main IT system and a back-up system.

Rival airline Ryanair has said it has IT systems in three different locations to minimise the risks of a similar outage.

"It is unfortunate that an established airline such as British Airways has proven to be so vulnerable," said Nadejda Popova, a travel project manager at Euromonitor.

"It's shown that they have poor risk management - this was an illustration of what not to do."

(Reporting by Alistair Smout in London and Victoria Bryan in Berlin; Editing by Keith Weir)

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Individual Agreement Based on Export Credit Line for Mongolia : Supporting Exports of ATMs by Japanese Companies to Mongolia www.4-traders.com

The enactment of the 'Agreement between Japan and Mongolia for an Economic Partnership (EPA)' by the governments of Japan and Mongolia in June last year is expected to further enhance reciprocal economic cooperation and vitalize the two countries' economies in a wide range of fields, along with the liberalization and facilitation of trade and investment between the two countries. In addition, in March 2013, the 'ERCH Initiative' was proposed by Prime Minister Abe in expectation of promoting the economic relationship between the two countries. Following this initiative, in July 2014, 'ERCH Initiative Plus', and, in March 2017, the 'Japan-Mongolia Mid-term Action Plan for a Strategic Partnership' were agreed on by the two countries' leaders, supplementing the original and resolving to promote financing utilizing this credit line effectively. This loan is in line with such measures of the two countries, and through the promotion of Japanese exports, it contributes to maintaining and strengthening the Mongolian economy, as well as the international competitiveness of Japanese industries.

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Minister for Education J.Batsuuri dismissed www.montsame.mn

Ulaanbaatar /MONTSAME/ During the plenary meeting of Parliament, convened today, May 31, Member of Parliament Yo.Baatarbileg presented the affiliated Standing committee’s conclusion on the issue of dismissing Minister of Education, Culture, Science and Sports J.Batsuuri. The latter is being condemned for unsatisfactory observance of responsibilities of administering the educational sector, and policy-making and law implementing duties.

After taking comments from several parliament members, the State Great Khural /Parliament/ voted for dismissing J.Batsuuri from the position of Minister of Education, Culture, Science and Sports with 64.3 percent approval.

Parliament Speaker M.Enkhbold reminded the cabinet to appoint an acting minister within this week.
Prime Minister J.Erdenebat submitted a request to dismiss Minister of Education to the Speaker on May 30.

J.Munkhbat, Head of Cabinet Secretariat will serve as acting Minister of Education until the new Minister takes office. Prime Minister J.Erdenebat is expected to introduce his proposal for the Minister of Education, Culture, Science and Sports after he arrives in Mongolia from Russia, attending the St. Petersburg International Economic Forum. 
B.Amarsaikhan

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Prime Minister departs for Russia to attend St. Petersburg International Economic Forum www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister of Mongolia J.Erdenebat left for Russia today to attend the 21st St. Petersburg International Economic Forum, which will held on June 1-3 in Saint Petersburg, Russia. The annual business event has become a leading global platform for representatives of the business community to meet and discuss the key global economic issues facing Russia, emerging markets, and the world as a whole.

The Premier will deliver remarks at the opening session of the forum, attend an extended meeting and meet with his counterparts from Serbia and India to discuss bilateral ties. Also, chairman of Council of the Eurasian Economic Commission, acting head of the Republic of Buryatia, Russia and other Russian delegates will pay courtesy calls on the Mongolian PM.

Furthermore, Prime Minister J.Erdenebat is set to participate in the signing of bilateral documents between Mongolia and Russia, such as rendering humanitarian assistance from Russia to Mongolia and cooperating in public communications as well as in the energy industry between the energy ministries of Mongolia and Russia.

B.Amarjargal

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Mongolia report on rights of the child discussed at UN Committee session www.montsame.mn

Ulaanbaatar /MONTSAME/ The 5th Report of Mongolia on the implementation of United Nations Convention on the Rights of the Child was discussed at the 75th Session of the Committee on the Rights of the Child on May 26 in Geneva, Switzerland.

Delegates of Mongolia, headed by Deputy Minister of Labor and Social Protection S.Mungunchimeg attended the forum. The Mongolian delegates, composed of representatives from the Ministry of Labor and Social Protection, Ministry Justice and Home Affairs, Ministry of Finance, Ministry of Health, Ministry of Education, Culture, Science and Sports and Agency of Family, Children and Youth Development, reported on the Government policy and measures taken in regard to children’s rights protection, strengthening national system, improvement of legal environment, education, health and social welfare of children and answered to questions by the Committee members.

The members appreciated Mongolian efforts in renewing the legal environment by passing new and revised laws on Children’s right, Children’s Protection and Domestic violence as well as having paid attention to realize recommendations on ensuring children’s rights by the committee during the last discussion. Conclusions and recommendations regarding the report of Mongolia will be officially issued by the Committee on June 08.

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Cabinet meeting in brief www.montsame.mn

Ulaanbaatar /MONTSAME/ Cabinet of ministers convened for regular meeting on Wednesday, May 30. Ministers P.Gankhuu and Ts.Dashdorj, and Executive Director of Erdenes Mongol Ts.Tumentsogt were tasked to build sufficient reserve of diesel fuel and petrol to ensure preparedness for the wintering at Baganuur and Shivee Ovoo mines, to organize the stripping and overhaul maintenance works in timely manner and focus on maintaining proper amount of coal reserve of the country.

-Cabinet also discussed the general report of the Government’s Master Budget Performance for 2016 and resolved to submit the draft of parliamentary Resolution on Approving 2016 Budget Performance to the State Great Khural (Parliament). The total amount of budget revenue, expenditure and deficit can be calculated precisely after adopting the above resolution.

-A total of 53,830 petitions and complaints were addressed to ministers and authorities of government bodies in the first quarter of 2017. More than 94 percent were responded within the legal period. Most of the petitions and complaints were about receiving social welfare, cash and other kinds of benefits, land ownership and utilization.

-Cabinet resolved to submit to the parliament a draft law on ratification of the 2015 protocol on amending the Agreement on Establishing the International Investment Bank and its Rule. Mongolia, as a member of IIB, should accept the amendments to the general agreement and rule in order to maintain membership.

-A draft law on ratification of amendments to the Agreement on Establishing the International Bank for Economic Cooperation (IBEC) and its Rule, formed on October 22 of 1963 is being submitted to the State Great Khural, as well.

-A regulation regarding the uniforms of police officers were approved.

-Draft bill on Standardization, Technical Adjustment and Accreditation was discussed during the meeting. The ministers decided to present the bill to parliament.

-Cabinet agreed to initiative of observing a National Day of Labor and Social Welfare Workers on May 31 every year. 
B.Amarsaikhan

 
 
 
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Global institutions strike Mongolia bailout deal www.centralbanking.com

A group of global institutions, countries and one central bank have come together with a package to prop up the Mongolian economy while the country's government implements reforms.

The International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB), Japan, Korea and the People’s Bank of China (PBoC) launched the rescue effort on May 24.

The IMF agreed to disburse around $434 million in funding as part of a three-year programme, while the World Bank, ADB, Japan and Korea also contributed budgetary support, bringing the total financing package to around $5.5 billion. The PBoC agreed to extend a swap arrangement with the Bank of Mongolia.

“The authorities’ programme aims to stabilise the economy, restore confidence, and pave the way to economic recovery,” the IMF said in a statement.

Growth in Mongolia rocketed after 2010, driven by high commodity prices and a mining boom financed in large part by investment from China. The economy became the fastest growing in the world, with GDP growth peaking at 17.3% in 2011.

Since then, falling commodity prices and a slowdown in the Chinese economy have left the economy battered and the government’s budget, which ballooned during the boom, looking seriously overstretched. Growth was just 1% in 2016.

IMF deputy managing director Mitsuhiro Furusawa says fiscal consolidation is a “critical element” of the programme. The IMF is urging the creation of an independent fiscal council and implementation of a “sizeable” fiscal adjustment, targeted to limit the impact on the most vulnerable people.

The government is also working on a new central bank law, which is “envisaged to strengthen the governance and independence of the Bank of Mongolia,” Furusawa says.

The programme aims to lend support to the banking sector, improve the supervisory and regulatory framework, and strengthen anti-money laundering rules. Structural reforms are pitched at improving the “business environment” and helping the economy diversify away from the minerals sector.

The ADB said the outlook for Mongolia is improving, forecasting growth of 2.5% in 2017 and 2% in 2018 as large mining investments come online. “Strengthening the management of natural resources revenue remains a major challenge,” the organisation said in a report in April.

Fitch, the ratings agency, says the financing arrangement should put the economy on a “more stable footing”, though it notes there will be challenges in hitting budget targets, and medium-term debt sustainability is still contingent on the success of the mining projects. Mongolia’s current rating is B– with a stable outlook.

“The support package and stronger market confidence should ensure that Mongolia can meet its external obligations over the next few years, and should support greater stability of the Mongolian tugrik,” Fitch said in a statement on May 28.

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Airbus Helicopters breaks ground for first assembly plant in China www.chinadaily.com

Airbus Helicopters is moving forward with its strategic partnership with China, with construction now underway of its first helicopter assembly line in the country.

Guillaume Faury, CEO of Airbus Helicopters, said the new final assembly line for its H135 chopper in Qingdao, Shandong province, is the first for the company in China.

Costing more than 10 million euros ($11.21 million), the plant is expected to be completed by 2018, he said at the weekend groundbreaking ceremony.

Under a framework agreement signed in June last year, 100 Airbus H135s will be assembled over the next 10 years and the first aircraft rollout from Qingdao is planned for mid-2019. The production line will have a total installed annual capacity of 18 helicopters, which can be extended for future growth.

Faury said the project was a "remarkable milestone" for his company's global footprint and demonstrated its commitment to further enhancing industrial cooperation with China's rapidly growing aviation industry.

"We are confident that this project will achieve a win-win solution to fulfill the requirements of local customers while supporting the development of crucial helicopter services," Faury said.

The new facility, located in the Jimo Hi-Tech Industrial Development Zone, will be operated by Airbus Helicopters and Qingdao United General Aviation Co Ltd, a joint venture between China Aviation Supplies Holding Co and Qingdao United General Aviation Industrial Development Co Ltd.

Airbus Helicopters holds a majority share of 51 percent in the joint venture.

"The H135 final assembly line is another strong example of Sino-European cooperation and will play an important role in further promoting the development of China's general aviation industry," said Li Hai, president of CAS.

"We believe in this partnership and are looking forward to seeing the first Airbus helicopter assembled in China."

The H135 is a light twin-engine helicopter, mainly operating in emergency medical services, search and rescue, law enforcement, firefighting and tourism. To date more than 1,200 helicopters in the H135 family have gone into operation internationally.

In 2016, China became Airbus Helicopters' biggest civilian market in terms of annual orders. Given the rapid development of the helicopter emergency medical services, public services and offshore wind industry in the country, a potential demand for 600 light twin-engine helicopters is expected over the next two decades.

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