1 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      2 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      3 THE SURPRISE FUEL FLOWS SPARKED BY A RAGING U.S.-CHINA TRADE WAR WWW.BLOOMBERG.COM PUBLISHED:2018/11/19      4 MONGOLIA’S COAL EXPORTS IN FIRST 10 MONTHS UP 10PC WWW.XINHUANET.COM PUBLISHED:2018/11/19      5 ABOUT 100 THOUSAND PASSENGERS PASSED THROUGH MONGOLIA-XINJIANG BORDER WWW.MONTSAME.MN PUBLISHED:2018/11/19      6 CHINA'S ‘ONE BELT, ONE ROAD’ GLOBAL INVESTMENT PLAN MAPPED OUT WWW.RT.COM PUBLISHED:2018/11/19      7 ASIA SUMMIT ENDS IN HISTORIC FAILURE WWW.CNN.COM PUBLISHED:2018/11/19      8 INAUGURATION OF SHERAB KYETSEL LING INSTITUTE WWW.DALAILAMA.COM PUBLISHED:2018/11/19      9 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      10 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19     ЗЭСИЙН ЗАХ ЗЭЭЛД ЦОЙЛУУЛАХ ХАРМАГТАЙ WWW.DNN.MN НИЙТЭЛСЭН:2018/11/19     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: БЯМБА ГАРАГТ ГАШУУНСУХАЙТ-ГАНЦМОД БООМТООР НҮҮРС ТЭЭВРИЙН 99 АВТОМАШИН НЭВТЭРСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     НЭГ АЖИЛТАНД НОГДОХ ДНБ III УЛИРЛЫН БАЙДЛААР 3.7 САЯ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     ХЯТАДЫН ХЯЗГААРЛАЛТ $300-450 САЯЫГ ГАЦААНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/19     АЗЕРБАЙЖАН УЛС МАНАЙД ДАРС НИЙЛҮҮЛЭХЭЭР БОЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/19     ШУУДАН, ХАРИЛЦАА ХОЛБООНЫ САЛБАРЫН ОРЛОГО ОНЫ ЭХНИЙ 9 САРД 21.4 ХУВИАР ӨСӨВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/19     БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17    

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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ADB begins new Mongolia partnership with USD 250 million to avert crisis in social services and banking sector www.adb.org

ULAANBAATAR, MONGOLIA (31 May 2017) — The Asian Development Bank (ADB) Board of Directors has endorsed a new Country Partnership Strategy (CPS) for Mongolia, which envisages total assistance of $1.2 billion over the 2017-2020 period, and also approved two policy-based loans (PBLs) totaling $250 million to start implementation of the new CPS. The loans will help maintain funding for social welfare programs for the poor and vulnerable people and stabilize and restructure the banking industry during the implementation of an extended fund facility of the International Monetary Fund (IMF) approved on 24 May.

The overarching goal of ADB’s assistance during the 2017-2020 period is to help Mongolia sustain inclusive growth during its current economic difficulties. To achieve this, it will focus on three main areas — economic and social stability, developing infrastructure for economic diversification, and strengthening environmental sustainability. Cutting across these pillars are efforts to improve public sector management and gender inequality in Mongolia. Annual lending from ADB will amount to about $300 million a year, with PBLs accounting for about half of this amount.

“The CPS builds on ADB’s role as Mongolia’s lead development partner and improved operational performance in recent years. The CPS is closely aligned with the government’s high-priority areas, and will focus on complex projects requiring significant technical expertise,” said Yolanda Fernandez Lommen, ADB Country Director in Mongolia. “ADB has also closely coordinated with the IMF and World Bank in formulating this CPS.”

Mongolia’s economic performance has slowed down from 17.3% gross domestic product growth in 2011 to 1% in 2016 in the face of falling foreign direct investment and commodity prices, among other challenges. As the economic growth has declined, the fiscal deficit has swollen to 15.4% of gross domestic product, resulting in cuts to some social welfare programs. This risks reversing gains in poverty reduction in recent years and throwing the 35% of the population that is near-poor back into poverty.

To mitigate the adverse impacts of the economic slowdown and fiscal consolidation, a PBL of $150 million will ensure fiscal expenditure is maintained on social welfare programs. Besides strengthening fiscal management, the PBL will help Mongolia consolidate the country’s 71 existing social welfare programs and achieve better targeting to ensure that the poor and vulnerable people are supported.

In restoring growth, the government faces another challenge in reviving the banking industry, which is seeing a rise in nonperforming loans that threatens the solvency of banks. The second PBL of $100 million will support the government’s efforts to restructure and recapitalize the banking industry, reduce nonperforming loans, and enhance regulation and supervision. Under this, government will implement a road map for banking industry rehabilitation and ensure effective management and sale of distressed assets.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.

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Construction of Mongolia's largest flyover starts in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ The construction of the largest flyover in Ulaanbaatar city launched today May 31, where a foundation stone laying ceremony of the construction was held. The project has 6 component parts. The main flyover between the Olympics Street and Ikh Mongol Uls Street, passing over Narnii zam (Sun road) and 406th railway crossing will be 470-meter long and 16.5-meter wide, with 4 lanes. Three sub-bridges will be constructed connecting the main flyover with Narnii Zam. The biggest sub-bridge and auto road to the south will be 637-meter long 7.5-meter wide with 2 lanes, while the other two will have a length of 170-meter and 270-meter and width of 7.5-meter and 8.5-meter with one lane each.

“- The new flyover will ensure traffic safety, avoiding meeting of railway crossing with auto road and will lower road load by improving passing capacity of roads. The flyover is planned to be constructed in 2017-2019” said Governor of the Capital S.Batbold.

The project’s total cost of USD42.38 million will be funded with a soft loan from the People’s Republic of China. Ambassador Xing Haiming said “During PM J.Erdenebat’s recent visit to China, the two countries have agreed to cooperate in ‘Belt and Road' program and this project is a part of the agreement. The flyover will be an actual work visible to people. The construction project relates to ‘Road and Belt' and ‘Road to Development’ project suggested by Mongolia. Therefore, a preferential loan is being granted by the Chinese Government and I pledge that we will complete the project with high quality within the duration indicated in the contract, involving leading construction company of our country” said the Ambassador.
B.Ooluun

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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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