1 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      2 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      3 RUSSIA AND MONGOLIAN BORDER CROSSING NO. 487 WWW.NEWS.MN PUBLISHED:2018/09/20      4 WORLD ECONOMICS REPORTS THAT MONGOLIA’S EMPLOYMENT RATE HITS A FIVE-YEAR HIGH WWW.GOGO.MN PUBLISHED:2018/09/20      5 USD HITS RECORD HIGH IN MONGOLIA DUE TO HIGHER IMPORTS WWW.CHINA.ORG.CN PUBLISHED:2018/09/20      6 READOUT OF VICE PRESIDENT MIKE PENCE’S MEETING WITH PRIME MINISTER UKHNAA KHURELSUKH OF MONGOLIA WWW.WHITEHOUSE.GOV PUBLISHED:2018/09/20      7 MONGOLIA LAUNCHES EU-FUNDED PROJECTS TO PROMOTE GREEN DEVELOPMENT, ENVIRONMENTAL PROTECTION WWW.XINHUANET.COM PUBLISHED:2018/09/20      8 COAL EXPORTS FROM TOP SHIPPER HOBBLED WITH MINERS FACING CONSTRAINTS WWW.MINING.COM PUBLISHED:2018/09/20      9 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      10 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      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     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20     АТҮТ: БҮРТГЭЛТЭЙ АВТОМАШИНЫ 60 ОРЧИМ ХУВЬ НЬ ҮЗЛЭГ ОНОШИЛГООНДОО ХАМРАГДСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20     ЭДИЙН ЗАСАГ УРТ ХУГАЦААНЫ ТЭНЦВЭРИЙГ ХАНГАХАД ТӨВЛӨРНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     ЯПОН УЛСТАЙ АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРТ ХАМТАРНА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/20     МОНГОЛ, АМЕРИКИЙН ХАРИЛЦАА ШАТ АХИЖ, ӨРГӨТГӨСӨН ИЖ БҮРЭН ТҮНШЛЭЛИЙН ТҮВШИНД ХҮРСНИЙГ НОТЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/09/20     ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19    

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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Education cooperation between Mongolia and Italy discussed www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Ts.Jambaldorj, Ambassador of Mongolia to Italy met with Dorina Bianchi, Deputy Minister of Culture and Tourism of Italy. The two sides talked about future bilateral cooperation and steps to take following the meeting of the Mongolia-Italy Intergovernmental Commission held last April in Ulaanbaatar, in which Ms. Dorina Bianchi participated among Italian delegates.
 
Ambassador Ts.Jambaldorj mentioned that an agreement on cooperation in the fields of education, culture, science and sports between the governments of Mongolia and Italy in 2017-2020 is to be signed within the first half of this year. Also, he pointed out that the Embassy of Mongolia in Rome, Italy is studying a matter to hold an exhibition on Mongolian history and culture on the occasion of the 50th anniversary of diplomatic relations between Mongolia and Italy, which will be marked in 2020.
 
Deputy Minister Dorina Bianchi said that the Ministry of Culture and Tourism of Italy would like to intensify the bilateral collaboration with Mongolia in the cultural sector and expressed her willingness to organize reciprocal exhibitions in the capital cities dedicated to the anniversary.
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Alibaba Is U.S. Favorite as Hedge Funds Fly From Ctrip: Chart www.bloomberg.com

 
U.S. hedge funds increased their holdings in Alibaba Group Holding Ltd. more than any other U.S-listed Chinese stock in the first quarter, 13-F filings show, followed by a net increase in Momo Inc. That’s a change from the same period last year, when both companies were among those most sold. A net total of about $2 billion was added to holdings of Chinese stocks in the U.S. from the start of the year to the end of March. At the same time, the Nasdaq Golden Dragon Index gained 19 percent.
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Three candidates to run for president www.en.montsame.mn

On May 17, the General Election Commission held a press conference to announce the names of candidates for the upcoming Presidential Election to be held on June 26.
 
Three candidates – Parliament Speaker M.Enkhbold representing Mongolian People’s Party, former Member of Parliament Kh.Battulga representing Democratic Party and former Member of Parliament S.Ganbaatar representing Mongolian People’s Revolutionary Party will run in the June election to be Mongolia’s 5th President.
 
The candidates can open a bank account for donations, and entities can donate up to MNT 15 million and individuals up to MNT 3 million.
 
During the press conference, the GEC officials also reported that Mongolians living abroad will vote on June 10-11.
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Several documents expected for signing at Mongolia-Kuwait meeting www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on May 27, Wednesday, the Cabinet approved the instructions for Mongolian delegates to partake in the first meeting of Mongolia-Kuwait Intergovernmental Commission which is to take place on May 23-24 in Kuwait city.
 
The meeting aims to reflect on bilateral ties and cooperation, determine future outlook, and discuss investment and collaborative projects. The Mongolian delegation to partake in the meeting is headed by Head of Cabinet Secretariat J.Munkhbat.
 
It was decided that the construction of National Burn Treatment Center would be financed by a non-refundable aid of the Government of Kuwait. During the meeting, the agreement on the project will be established. Moreover, Mongolian side will seek to establish an agreement on the project of asphalt pavement of Undurkhaan airport runway, Khentii aimag.
 
Moreover, a protocol on sanitary requirements for meat export to Kuwait and a memorandum of understanding between the standardization organizations of the two countries are planned to be signed during the meeting.
 
Over the years, the Kuwait Fund has granted soft loans worth USD 78 million and USD 13 million non-refundable aid to Mongolia.
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Erdenet Mining Corporation able to operate another 60 years www.en.montsame.mn

 
Orkhon /MONTSAME/ During the central region forum of mining industry held in Orkon aimag on May 15-16 on the occasion of the 95th anniversary of the development of the mining sector in Mongolia, Director of Erdenet Mining Corporation Kh.Badamsuren briefly informed about the current state of the Erdenet - one of the largest copper mines and some major works completed within the first four months of 2017.
 
As of the first quarter of 2017, the company has allocated over MNT 190 billion to the state budget and completed formulating a plan for the development tendency of the company for the next 15 years. “Erdenet Mining Corporation has a potential to work for another 60 years” he noted.
 
Furthermore, an issue of white dust produced by the mining activity of the Erdenet Mining Corporation in Orkhon aimag was discussed. In this regard, D.Tsogtbaatar, head of the Professional Association of Mining (PAM) said a request to reduce the dust emssions has been forwarded to the company. "Talks are underway to develop and introduce a new technology from USA to reduce dust emission”.
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Japan's economy just logged its longest stretch of growth in over a decade www.businessinsider.com

 
Japan’s economy grew at the fastest pace in a year in the first quarter of 2017, according to data released by the government on Thursday.
 
Real GDP increased by 0.5%, marginally shading expectations for a smaller expansion of 0.4%. It was also an improvement on the 0.3% increase of December quarter.
 
It was the fifth consecutive quarterly increase, the longest stretch of uninterrupted growth since 2006.
 
While a notable achievement, the record provides an indication about the struggles the Japanese economy has endured over that period, buffeted by falling population growth, deflation and the global financial crisis.
 
The quarterly increase took the seasonally-adjusted annual rate to 2.2%, the fastest growth seen since the first quarter of 2016. That was ahead of market forecasts for an increase of 1.7%, and followed an upwardly-revised December quarter figure of 1.4%.
 
According to the government, domestic demand grew by 0.4%, driven by a similar increase in private consumption during the quarter.
 
The latter accounts for around 60% of the total Japanese economy.
 
Elsewhere private residential investment rose by 0.7%, while business investment grew by a smaller 0.2%.
 
Public demand expanded by a smaller 0.1%
 
External demand, or net exports, added 0.1% to the quarterly GDP figure as exports grew faster than imports.
 
However, while real GDP grew, nominal GDP — including price movements during the quarter — recorded a marginal decline.
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Foreign ministers of Mongolia and Thailand meet www.en.montsame.mn

Ulaanbaatar /MONTSAME/ On May 17, Ts.Munkh-Orgil, Minister of Foreign Affairs of Mongolia met with his counterpart of Thailand, Don Pramudwinai. The foreign ministers discussed a broad range of issues concerning Mongolia-Thailand bilateral relations and they noted the importance of broadening the cooperation in areas of trade, economy and tourism.
 
During the meeting, Minister Ts.Munkh-Orgil highlighted that Mongolia strives to enhance its participation in the regional integration process, for instance, by becoming an ASEAN Dialogue Partner and requested for continued support from Thailand in this regard.
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Renewable energy network to be established between Mongolia and Russia www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Prime Minister of Mongolia J.Erdenebat received Oleg Mikhailovich Budargin, Director General of Russian Rosseti LLC on May 16. On behalf of Rosseti LLC, Mr. Oleg Mikhailovich Budargin expressed the company’s intention to implement a project to establish a renewable energy network. And PM J.Erdenebat agreed upon the request to deploy working group to establish 500 kWh renewable energy line between Mongolia and Russia.
 
By establishing the network, Mongolia would be provided with sustainable energy. And the sides are aiming to establish an energy supply line with a capacity of 220 kWh. The line, which will be built with fiber optic cable, will enable the development of telecommunications.
 
The United Nations has made resolutions to use renewable energy in the Global Energy Grid. The sides were pleased to agree upon the possible establishment of a joint energy network between the two countries, which can also connect Asia and Europe. Presently, Mongolia negotiated on establishing a railway corridor between the two neighbors. And PM J.Erdenebat remarked the possibilities of establishing a renewable energy corridor as well.
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Lotte to sharply boost chocolate output capacity in Japan www.asia.nikkei.com

 
TOKYO -- In response to robust demand, Lotte Holdings will spend about 32 billion yen ($288 million) to set up a chocolate ingredient plant in Japan, aiming to increase its overall chocolate production by roughly 40%.
 
The facility, which is expected to reach full operation in June 2019, will be situated on the premises of Lotte's mainstay Urawa production plant, in Saitama Prefecture. The snack maker, a key part of the Lotte business empire straddling Japan and South Korea, hasn't made an investment of this size since the 1960s, when it opened the Urawa factory.
 
The new plant will produce the intermediate ingredient for chocolate. The plant's output will be used to make such finished products as Ghana Milk Chocolate and Choco Pie. This will enable Lotte to lift its annual chocolate production capacity to about 110 billion yen in sales value.
 
Chocolate products touting health benefits have grown increasingly popular in Japan. With many chocolate makers rolling out snacks with high cacao content and probiotics, sales to middle-aged and senior consumers have been brisk. According to industry group All Nippon Kashi Association, the Japanese market for chocolate grew 18% over five years to 526 billion yen in 2016, based on retail value. Lotte decided on the major factory investment on expectations that demand will continue to grow, particularly for chocolate products featuring health-promoting ingredients.
 
Rivals are also ramping up production. In September, Meiji Holdings' core subsidiary spent over 500 million yen to double the production capacity of chocolate with high cacao content at an Osaka plant. Also last fall, Ezaki Glico more than doubled the output volume of Libera chocolate, which the company claims helps hold down fat and sugar absorption.
 
Lotte is separately working on increasing ice cream production as well. Its Lotte Ice Cream unit plans to install a 7 billion yen production line at the Urawa factory, with the goal of bringing it on line as early as fiscal 2018. With some upscale ice cream brands selling well even in winter, the confectionery maker hopes to capitalize on the strong demand.
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Korean Air to plant trees in Mongolia to prevent desertification www.koreanair.com

 
Korean Air has been taking the lead in saving the Earth by volunteering for 14 consecutive years to plant trees in Mongolia.
 
From May 15th to 26th, more than 200 Korean Air employees will be cooperating with 600 local residents to plant trees in Mongolia. This activity is part of Korean Air’s ‘Global Planting Project’ which aims to prevent desertification of the city and save the environment. What was once a deserted area now has more than 110,000 trees planted and has been renamed ‘Korean Air Forest’. The forest is located at Baganuur, a city 150 kilometers east of Ulaanbaatar, the capital of Mongolia.
 
‘Korean Air Forest’ covers an area of 440,000 square meters and consists mainly of poplar trees, sea buckthorn and Siberian elms. The fruits of the sea buckthorn are used as ingredients of vitamin drinks. Thus planting trees not only makes the city greener but also contributes to increasing the incomes of local residents. The airline is focused on maintaining the forest well and has hired a local professional to look after it and to train local residents in supervision.
 
Moreover, Korean Air has been donating educational materials such as computers, desks and chairs to local schools which participate with the airline in the tree planting activity. Thanks to Korean Air’s continuous effort, residents’ determination to save the environment has grown tremendously and they have become ardent supporters of the annual planting activity.
 
Apart from tree planting, Korean Air has engaged in an array of programs in the different markets where it flies to assist communities in need. Utilizing its extensive global network, the airline has provided relief goods to countries such as Myanmar, Nepal, Japan and Peru when they were affected by natural disasters. Korean Air will continue to roll out corporate social responsibility programs at home and abroad, in support of protecting the environment, maintaining sustainable development and supporting local communities.
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