1 VALE EVACUATES 200 PEOPLE FROM TOWN NEAR ITS MAR AZUL MINE WWW.MINING.COM PUBLISHED:2019/02/17      2 TOOTH PLAQUE SHOWS DRINKING MILK GOES BACK 3,000 YEARS IN MONGOLIA WWW.SCIENCENEWS.ORG  PUBLISHED:2019/02/17      3 INCREASING NUMBER OF CHINA-EUROPE FREIGHT TRAINS SUPPORTS MONGOLIA'S ECONOMY: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/17      4 TAX REVENUE INCREASES BY 33.7 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/02/17      5 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      6 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      7 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      8 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      9 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      10 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

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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Revenue of master budget increases www.montsame.mn

Ulaanbaatar /MONTSAME/ In the first six months of 2017, total revenue and grants of the General Government Budget amounted to MNT 3,276.5 billion and total expenditure and net lending amounted to MNT 4,017.1 billion, representing a deficit of MNT 740.7 billion.

The tax revenue reached MNT 2,817.1 billion showing increase by MNT 579.5 billion 25.9% compared to the same period of the previous year. This growth was mainly affected by increase in value added taxes which increased by 48.7% or MNT 233.1 billion, 42.8% increase income taxes that amounted to MNT 210.8 billion, 34.3% increase in other taxes that amounted to MNT 74.7 billion, 52.6% increase in import and export tax revenue that amounted to MNT 73.9 billion, 8.3% increase in security contributions that amounted to MNT 47.2 billion. However there was decrease of excise taxes of 24.5% or MNT 67.6 billion.
Source: National Statistics Office
B.Amarsaikhan

 
 
 
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IFC helps Mongolia strengthen investment-climate reform and restore investor confidence www.montsame.mn

Ulaanbaatar /MONTSAME/ IFC, a member of the World Bank Group, today on July 19, signed a memorandum of understanding with the Cabinet Secretariat of the Government of Mongolia. The MoU aims to improve investment policies, promote economic diversification, enhance investor protection — thus inspiring investors’ confidence — and further attract and retain private investments.

The Cabinet Secretariat will lead the reform efforts in coordination with various government agencies. Over the next three years, the Government of Mongolia will design a coherent investment policy and launch a Systemic Investor Response Mechanism (SIRM) to deal with investors’ grievances in a systematic manner. It will also promote the country’s agribusiness sector to domestic and foreign investors. IFC will provide policy recommendations and implementation support.

“Investing in agribusiness will help diversify Mongolia’s mining-driven economy, thus creating more job opportunities,” said Munkhbat Jamiyan, Minister, Chief of the Cabinet Secretariat, Mongolia. “However, attracting new investments is not enough. We also need practical tools to protect investments, ensuring that the investors stay on in Mongolia and scale up investments.”

In 2016, Mongolia’s economic growth slowed down to one percent amid declining exports and foreign direct investments. However, starting from the first half of 2017, growth has increased to 4.2 percent. The Government of Mongolia is committed to working with international partners, including the World Bank Group, to achieve economic stability and recovery, underpinned by fiscal reforms and foreign direct investment. Multilaterals such as the International Monetary Fund and Asian Development Bank are also committed to support Mongolia toward sustainable recovery and growth.

“Stable investment policies — including early mechanism to effectively address investors’ grievances — are crucial for Mongolia to attract and retain private investments, which are both essential for sustainable growth,” said Tuyen D. Nguyen, IFC Resident Representative for Mongolia. “With the Government of Mongolia’s full support, IFC will continue to help implement global best practices, supporting Mongolia’s long-term development objectives.”

The SIRM will offer investors a one-stop channel to register and track resolution of complaints at an early stage. This mechanism will assure investors that issues are handled efficiently and resolutions are ensured without fear of retribution. With financial support from the Hungarian government, it will also use information and communication technology to make the process efficient, accountable and result-oriented.

“Supporting Mongolia’s development has been an important part of Hungary’s Trust Fund Partnership with IFC,” said Ákos Madari, Ambassador of Hungary to Mongolia. “Following the successful collaboration on food safety, we are also helping Mongolia improve its water management and investment promotion policy. We do hope our support will enable the country to attract more foreign investments and improve investment climate.’

This project will be delivered by IFC advisory services through the Trade & Competitiveness Global Practice of the World Bank Group.

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Retail price of gasoline to remain unchanged www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular session, the Government reached a decision to increase excise tax on diesel fuel and gasoline with 90 or more octane imported through Sukhbaatar, Zamiin-Uud and Altanbulag border crossings.

With the decision, excise tax on gasoline with 90 or less octane is now MNT 160 thousand per ton and 90 or more octane is MNT 180 thousand per ton. Gasoline imported through Ereentsav border crossing will be paying MNT 30 thousand, while the diesel fuels will be paying MNT 50 thousand.

Ts.Dashdorj, Minister of Mining and Heavy Industry ordered B.Lkhagva, Head of the Authority for Fair Competition and Consumer Protection, to take actions on sustaining supply, import and retail price of gasoline and diesel fuel, as well as monitoring the implementation.

80 to 90 percent of the total fuel imports pass through Sukhbaatar, Zamiin-Uud and Altanbulag border crossings. When increasing the excise tax, the Government considered it possible for fuel importing entities to not increase retail price.

For instance, the research proved the possibilities for AI-80, AI-92, gasoline and diesel fuel importers to earn 0.5-6 percent net profit without increasing retail price. And can increase them up to 3-9 percent by better management and cutting cost.

The exchange rate of MNT against USD has weakened in the second half of last year, increasing the revenues of importing entities and setting the condition of retail price increase. Therefore, the Government is taking immediate actions and lowered the excise tax to stabilize the prize.

Since the situation has changed now, the Government decided to increase the excise tax without changing the price.
B.Tugsbilig

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Daimler to recall 3 mil. diesel cars www.nhk.or.jp

Mercedes-Benz's parent company Daimler has decided to voluntarily recall more than 3 million Mercedes-Benz diesel cars that were sold in Europe.

The decision comes amid suspicion that the major German automaker faked emissions test results.

Daimler officials made the announcement on Tuesday. They predict that the recall will cost about 220 million euros, or over 250 million dollars.

Prosecutors searched Daimler's offices in May over the alleged use of a type of software that keeps emissions of harmful substances low during tests.

Local media outlets reported this month that more than 1 million vehicles were affected.

Daimler Chairman Dieter Zetsche said in a statement that the public debate about diesel engines is creating uncertainty among customers.

He said that Daimler has decided to undertake additional measures to reassure drivers of diesel cars and to boost confidence in diesel technology.

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National Emergency Management Agency collects USD 203,991 donation www.gogo.mn


A total of 21 fires reported nationwide at the beginning of July. Geographically, the fires broke out 8 in Selenge province, 2 in Bulgan province, 1 in Uvs province and 10 in of Tuv province. 
Currently, fires in Yuruu soum of Selenge province, Batsumber soum of Tuv province, Malchin soum of Uvs province and Gurvanbulag soum of Bulgan province have fully extinguished.
 
 
 
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Cabinet meeting in brief www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular meeting on July 18, Tuesday, the Cabinet made following decisions.
The Cabinet appointed D.Zandanbat as the acting Director of General Agency of Taxation. D.Zandanbat has worked in the field for many years, including on leading positions in the General Agency of Taxation and Taxation divisions of Sukhbaatar and Khan-Uul districts.
The Cabinet dismissed B.Bayarsaikhan from her post as Secretary of State at the Ministry of Education, Culture, Science and Sports on the ground of failure to exercise a professional leadership over public servants and the education sector. 
The Cabinet banned export of fodder and hay because of drought and poor summer conditions in most parts of the country. Minister of Food, Agriculture and Light Industry P.Sergelen was assigned to take measures for proper distribution of the fodder and hay that have been and will be garnered. 
Kh.Aminaa

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Government to purchase 40 percent of Mongolia Telecom Company www.montsame.mn

Ulaanbaatar /MONTSAME/ During its regular meeting on July 18, Tuesday, the Cabinet resolved to purchase 40 percent of the shares of ‘Mongolia Telecom Company’.

The decision was made after ‘KT Corporation’ of the Republic of Korea made an offer to the Government of Mongolia on selling its 40 percent or 10 million 348 thousand 111 shares at the rate USD 2 million 550 thousand.

‘Mongolia Telecom Company’ operates 6 departments, 15 divisions, 4 branches in Ulaanbaatar and 23 branches in provinces, employing 856 staff. The Government of Mongolia owns 54.67 percent of its shares, and ‘KT Corporation’ owns 40 percent while 5.33 percent is owned by Mongolian and foreign nationals.

The company’s performance covers 25 percent of landline telephone market and 11.3 percent of broadband internet market. 
Kh.Aminaa

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Speaker Tadamori Oshima briefs Mongolian press www.montsame.mn

Ulaanbaatar /MONTSAME/ Speaker of the House of Representatives of Japan Tadamori Oshima briefed journalists on the outcome of his visit to Mongolia on July 18, Tuesday.

Earlier in the day, he met with President Kh.Battulga, Parliament Speaker M.Enkhbold and Prime Minister J.Erdenebat. The Japanese Speaker is visiting Mongolia at the invitation of Speaker M.Enkhbold.

“Freedom and democratic values bring Japan and Mongolia together”, he told the journalists, stressing that the two countries are close partners. “We agreed to develop the bilateral strategic partnership in a wider scope including in political, economic, foreign relations, cultural and sports spheres”.

Speaker Oshima briefed the Mongolian press on the agenda of his meetings with the President, Parliament Speaker and Prime Minister, informing that he will convey the issues the Mongolian side put forward such as the construction of a carbon chemical complex, management of the new airport in Khushig Valley and construction of a railroad.

He then emphasized that it was his responsibility to develop bilateral parliamentary partnership, and wished the best of success to Mongolian athletes to compete at the 2020 Summer Olympics.

When asked about why he specifically chose Mongolia for a visit, he answered, “I have received invitations several times”. He said that he had decided to visit Mongolia in order to further elevate bilateral relationship. “I am accompanied by three young Members of the House of Representatives, and it demonstrates the priority the House of Representatives gives to Japan-Mongolia ties”. 
Kh.Aminaa

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Mayor of Berlin Micheal Muller meets President Kh.Battulga www.gogo.mn

On July 18, the President of Mongolia Khaltmaagiin Battulga welcomed Michael Muller, the Mayor of Berlin, the Federal Republic of Germany, who paid courtesy call on the President of Mongolia.

Mayor of Berlin Mr. Michael Muller congratulated President Battulga on his election as the President of Mongolia and wished success in his future endeavors.

At the meeting, Mayor of Berlin Mr. Michael Muller shared the experience of East Berlin city administration on reducing its smog and road traffic.

Sabine Kunst, the President of the Humboldt University of Berlin, who is accompanying the Mayor of Berlin, introduced her plan to expand the activities of the Faculty of Mongolian language at the Humboldt University of Berlin and train specialists in tourism and archeology.

Chief of Staff of the President Z.Enkhbold was present at the meeting.

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Mongolia, Japan seek to increase trade www.xinhuanet.com

ULAN BATOR, July 18 (Xinhua) -- Mongolian Parliament Speaker Miyegombyn Enkhbold met with the speaker of Japan's House of Representatives, Tadamori Oshimahere, on Tuesday to discuss a number of issues, including Japanese financial assistance and expanding trade ties.
Enkhbold said that Mongolia was pleased that Japan decided to provide Mongolia with more favorable financial assistance under the International Monetary Fund (IMF)'s Extended Fund Facility Program.
Enkhbold stressed the importance of closer cooperation between the parliaments of the two countries, assuring that the State Great Khural, Mongolia's parliament, will pay special attention to the implementation of a medium-term development program on Mongolia-Japan ties.
However, he noted that Mongolia and Japan should work to implement the Economic Partnership Agreement concluded between the two countries.
Over the past year, trade between Mongolia and Japan has grown significantly, and Mongolia will take necessary measures to eliminate double taxation to expand bilateral business cooperation, Enkhbold said.
Enkhbold also hoped Japan would pay more attention to a coal-chemical complex project in Mongolia.
Oshima said that Japan considered the expansion of bilateral cooperation with Mongolia a priority.
He stressed that, to further the development of trade and economic cooperation, both countries should consider eliminating double taxation, simplifying transportation procedures, and creating a fair, transparent and secure investment environment.

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