1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     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    

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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Russia & Japan to develop tourism in disputed Kuril Islands www.rt.com

Moscow and Tokyo are discussing the possibility of organizing cruises around the South Kuril Islands, the Kyodo news agency reports quoting diplomatic sources. This is a part of a plan to develop business links in the disputed territories.

Following the visit by Russian President Vladimir Putin to Japan in December last year, Moscow and Tokyo agreed to start joint economic activities on the islands. Putin will meet Japanese Prime Minister Shinzo Abe in Vladivostok in September to continue the discussions. The countries plan to develop fishing, tourism, healthcare and ecology in the region.

Russia is looking for Japanese investment in the Far East, while Japan hopes to recover the territories lost after WWII. However, Russia has repeatedly rebuffed Japanese claims.

The Kuril Islands stretch between the northernmost Japanese island of Hokkaido and Russia’s Kamchatka.

The entire archipelago is currently administered by Russia, which received them after WWII under the 1945 Potsdam Declaration.

Japan claims sovereignty over the two southernmost large islands of Iturup and Kunashir, as well as the Shikotan and Habomai islets, citing their history as Japan’s northern territories. Russia and Japan did not sign a peace treaty after WWII over the issue.

Moscow claims sovereignty over the islands based on the post-war agreement signed by the Allies in 1945. The pact stipulated the South Kurils became part of the USSR following the war which Japan lost. According to the Kremlin, as the rightful successor of the Soviet Union, Russia's sovereignty over the territories is recognized internationally and not in doubt.

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Qatar to open embassy in Mongolia www.news.mn

Mongolian President Kh.Battulga received H.E. Sultan Mansoori, Ambassador to Mongolia from Qatar earlier today (15th of August). 

During the meeting, Ambassador Mansoori noted that the two countries are marking the 15th anniversary of the establishment of relations between the two countries this year. Qatar is seriously focusing on investing in Mongolia. Mr Mansoori confirmed that Qatar is planning to open Embassy in Mongolia.

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No left turn! New traffic rules for Ulaanbaatar's 'Peace Avenue' www.news.mn

Starting from yesterday (August 15th), left turns are to be prohibited on Ulaanbaatar's main thoroughfare, Peace Avenue, between the Western Central Intersection and the Eastern Central Intersection. The decision has been made to decrease the pressure of traffic on the main roads of the Mongolian capital. 

Because of the this decision, the routes of seven buses will be changed from 15th of August.

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Shale Will Beat OPEC as U.S. Oil Thrives at $40, Citigroup Says www.bloomberg.com

U.S. shale oil will prevail over OPEC as the two rivals compete in an oversupplied world market, Citigroup Inc.’s head of research said.

The Organization of Petroleum Exporting Countries and its allies may have boosted oil prices by cutting production, but they’re losing revenue in the process and their position “is not sustainable over a long period,” Citigroup’s Ed Morse said in a Bloomberg television interview on Tuesday. On the other hand, U.S. shale drillers have adapted to survive prices as low as $40, he said.

“In the end, the markets are going to win, and it’s going to be shale,” Morse said. “If we’re in a $40 to $45 world, we’ll have enough drilling to add to the surplus in the world as a whole.”

Oil prices have lost 12 percent in London this year, trading near $50 a barrel, as output curbs by OPEC, Russia and other partners fail to drain a global surplus. U.S. shale explorers have boosted drilling and are poised to reach a record output next month, plugging some of the gap left by OPEC’s cutbacks.

The steadiness of crude prices on the forward curve at about $50 a barrel suggests that U.S. oil producers are active in using futures contracts to lock in -- or “hedge” -- their output for this year and next, according to Morse.

Despite some weaker guidance from operators, the oil-rich Permian Basin “is going to grow at a hefty rate this year, and probably the same rate next year,” he said.

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Singapore ready to partner China to build Belt and Road: Minister www.chinadaily.com.cn

SINGAPORE - Singapore stands ready to partner China to jointly build the Belt and Road Initiative, Singapore's Minister for National Development and Second Minister for Finance Lawrence Wong said on Tuesday.

Wong told the Singapore Regional Business Forum that Singapore and China have agreed to carry on cooperation in three areas for the building of the Belt and Road - infrastructure connectivity, financing of Belt and Road projects, and cooperation of companies of the two sides for doing projects in third countries.

He said the infrastructure connectivity is being operationalized through the China-Singapore (Chongqing) Connectivity Initiative (CCI).

Both sides are now working to jointly develop the CCI Southern Transport Corridor that will link western China to Southeast Asia through Chongqing, a municipality in western China and Singapore, and connect the overland Silk Road Economic Belt with the 21st Century Maritime Silk Road.

The corridor is expected to offer a shorter and more direct trade route between western China and Southeast Asia, and will lower logistics costs, enhance cross-border trade flows, and catalyze the economic development of both regions, in particular the provinces along the corridor, said the minister.

He said Chongqing and Singapore can be the two hubs in Asia, linking up the Belt and Road, and enlarging the possibilities for connectivity across western China and Southeast Asia.

Speaking of the financing of Belt and Road projects, Wong said there are large infrastructure gaps in Asia, and Singapore, as a major center for the financing of infrastructure projects in Southeast Asia, can play a role in it.

He said 60 percent of projects in Southeast Asia enjoy project finance and advisory services from Singapore-based banks, and Chinese banks in Singapore are also expanding their presence and doing more to finance Belt and Road projects.

"Beyond financing, we are home to a full suite of high-quality professional services that are necessary to bring infrastructure projects into being, including project advisory, dispute resolution, and legal services," he added.

Wong said Singapore also wants to encourage Singaporean and Chinese companies to forge partnerships and do projects together in third countries, as well as work together on human resource development in countries along the Belt and Road.

He said Singaporean companies are natural partners for Chinese companies in expanding to the region, as Singaporean companies have good market knowledge of Southeast Asia and can do engineering design and master-planning, project management, financing, logistics and servicing.

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RCI in Focus For Mongolia Growth Group Ltd (MNGGF www.davidsonregister.com

Shares of Mongolia Growth Group Ltd (MNGGF) are nearing some key technical levels as the Rank Correlation indicator has trending higher over the past few sessions, nearing potential overbought territory. Crossing the 80 mark would suggest that a chance of a reversal is increasing. 

The Rank Correlation Index (RCI) is based on an analysis algorithm by Charles Spearman. It uses a combination of price change data and time change data to identify potential changes in market sentiment, thereby exposing turning points. Zero crossings are seen as buy and sell signals, with tops and bottoms yielding overbought and oversold information. 

While traders are taking a second look at how shares of Mongolia Growth Group Ltd (MNGGF) have been performing lately, we can examine some additional key indicators. A favorite tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 0.27, and the 50-day is 0.28.

The 14-day ADX for Mongolia Growth Group Ltd (MNGGF) is currently at 31.59. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Checking in on some other technical levels, the 14-day RSI is currently at 54.32, the 7-day stands at 59.59, and the 3-day is sitting at 76.63. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

At the time of writing, Mongolia Growth Group Ltd (MNGGF) has a 14-day Commodity Channel Index (CCI) of 17.59. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Mongolia Growth Group Ltd (MNGGF)’s Williams %R presently stands at -20.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

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Russia hopes to strengthen military cooperation with Mongolia www.rusreality.com

RIA Novosti

Russia hopes to further strengthen military and military-technical cooperation with Mongolia, said the Russian defense Minister Sergei Shoigu at the meeting with Mongolian counterpart Padmanabhapuram bat-Erdene.

“Mongolia regularly participates in the Military games, and it certainly contributes to further strengthening of friendly and good-neighborly relations between our military. And it can not but rejoice,” — said Shoigu.

The Minister recalled the adoption of a programme of long-term cooperation between the two countries in military and military-technical spheres, as well as the continued implementation of previous plans.

“This programme of preparation and training of Mongolian specialists in our schools. This program of joint exercises and, of course, programs of military— tehnicheskogo cooperation,” Shoigu listed. He noted that the intensity of interaction between Moscow and Ulan Bator is the fact that the heads of departments meet for the second time in two months.

The Mongolian Minister expressed gratitude for the invitation of the military of the Asian country at the international Military games. “Our government attaches great importance to the relations with Russia, and pursuing a consistent development policy established with Russia strategic partnership” , — said bat-Erdene.

International military games that started on July 29, ends August 12. In total in competitions on the territory of the five countries involved teams from 28 States.

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Canada Fund ready to provide its 20th grant www.montsame.mn

Ulaanbaatar /MONTSAME/ A signing ceremony of the Canada Fund for Local Initiatives (CFLI) project took place at Embassy of Canada located on the 6th floor of Central Tower yesterday on August 15. The project was officially commenced as Canadian Ambassador Ed Jager along with the implementing NGOs and civil society organizations signed it.

The Canada Fund has been operating since 1997 in Mongolia, contributing significantly to the development of Mongolia’s economy, culture and society for the past 20 years. During this time, the Canada Fund has provided grants in over 240 soums of 21 aimags through over 400 projects worth CAD 6 million.

From over 750 project proposals sent to the Canada Fund for Local Initiatives for 2017-2018, 13 projects in Ulaanbaatar, Bulgan and Uvurkhangai has been selected to be granted CAD 175 thousand. The selected projects include projects, such as installment of medical equipments in the HIV/AIDS/STI diagnostic center of National Center for Communicable Diseases, “Opportunities of Hiring Intellectually Disabled People for Personal Assistance” project implementing by “Tugeemel Hugjil” /Universal Development/.

The CFLI program has been implemented in over a hundred developing countries to empower gender equality; to promote human development, specifically in the areas of health, nutrition and education; to champion human rights, inclusive and accountable governance, democracy, peaceful pluralism, and respect for diversity; to support inclusive and green economic growth; to promote action on the environment, including water and climate change; to promote peace and security.
B.Tugsbilig

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Mongolia says its GDP expands 5.3 pct y/y in the first half www.reuters.com

ULAANBAATAR, Aug 15 (Reuters) - Mongolia's economic growth accelerated sharply in the first half of 2017, the government said, helped by a revived coal market and a bailout package led by the International Monetary Fund.

The country's gross domestic product (GDP) expanded 5.3 percent from a year earlier, to 12.8 trillion tugrik ($5.26 billion), the National Statistics Office said on Tuesday.

In the first quarter, Mongolia reported 4.2 percent annual growth. For all of 2016, the economy expanded only 1 percent, the slowest pace in seven years.

The northeast Asian country's economy has improved since an agreement in May for a $5.5 billion economic rescue package from the IMF and partners helped prevent defaults on sovereign loans and bolstered the flagging currency.

The coal industry in Mongolia has also seen a boon from a Chinese ban on coal from North Korea and curbs on deliveries into smaller ports.

Coal exports grew more than four times from January through July compared with the same period last year, to $1.4 billion. Mongolia sold 97 percent of its coal to China, with the remainder going to Russia and the United Kingdom.

Copper exports in the first seven months this year fell by 14.3 percent to $888.75 million, the statistics office reported.

Mongolian President Khaltmaa Battulga, who was sworn in July, on Monday met with a council of business leaders to discuss how he plans to run the country alongside a parliament and cabinet run by an opposing political party.

"The business environment should be expanded, and I will work in collaboration with the government on this," said Battulga, according to a summary of the event from the Business Council of Mongolia (BCM) on Tuesday.

$1 = 2,433 tugrik Reporting by Terrence Edwards; Editing by John Ruwitch and Richard Borsuk

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Soros continues betting against US stock market despite mounting losses www.rt.com

US regulatory filings show George Soros is still investing in options that will profit him only if the stock market they are linked to declines in value.

Soros Fund Management held put options on PowerShares QQQ Trust, SPDR S&P 500 ETF, iShares Russell 2000 ETF as of June 30. Each is an exchange-traded fund that tracks a broad US stock market index. The bet is worth $1.8 billion. Soros stands to profit only if the stock market falls.

Michael Vachon, a spokesman for Soros Fund Management, said the company would not comment on the filing.

In January, Soros said "it's impossible to predict" US President Donald Trump's actions, but he was nonetheless sure the market would plunge.

Soon after the election, Soros lost over $1 billion by taking a short position on the market. While Soros called Trump a "would-be dictator," and predicted uncertainty and a sell-off after his win, the markets have rallied significantly.

The US S&P500 index is up over 10 percent this year, the Nasdaq is up 18 percent, and Dow Jones is up over 11 percent.

Soros is best known for making a fortune on his short play against the British pound. On 16 September 1992, Soros' $10 billion short position on the pound forced the Bank of England to withdraw Sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the currency above its agreed lower limit in the ERM.

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