1 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      2 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      3 YUSAKU MAEZAWA: THE JAPANESE BILLIONAIRE WHO WANTS TO FLY TO THE MOON WWW.BBC.COM PUBLISHED:2018/09/19      4 MONGOLIAN FOREIGN MINISTER RECEIVES CARDANO BLOCKCHAIN FOUNDER WWW.NEWS.MN PUBLISHED:2018/09/19      5 ERDENE ANNOUNCES RESOURCE ESTIMATE FOR THE HIGH-GRADE KHUNDII GOLD PROJECT WWW.GLOBENEWSWIRE.COM PUBLISHED:2018/09/19      6 RUSSIAN GIANT COPPER PROJECT IN TALKS TO RAISE $1.25B WWW.REUTERS.COM PUBLISHED:2018/09/19      7 MONGOLIA GRADUALLY WITNESSING PROGRESS IN TOURISM WWW.TRAVELANDTOURWORLD.COM PUBLISHED:2018/09/19      8 CHINA, MONGOLIA, RUSSIA PUSH FOR ‘ECONOMIC CORRIDOR’ WWW.RUSSIABUSINESSTODAY.COM PUBLISHED:2018/09/19      9 EXPERTS FROM CHINA, MONGOLIA, RUSSIA TALK ON CONSTRUCTION OF ECONOMIC CORRIDOR WWW.XINHUANET.COM PUBLISHED:2018/09/19      10 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      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     ӨНӨӨДӨР ТӨВ ТАЛБАЙД 4000 АЖЛЫН БАЙРАНД БҮРТГЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/19     ЗАЛУУЧУУДЫН ГАРААНЫ БИЗНЕСИЙН ШАЛГАРСАН ТӨСӨЛД 10,0 САЯ ТӨГРӨГИЙН ДЭМЖЛЭГ ҮЗҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/19     WORLD ECONOMICS: МОНГОЛЫН АЖИЛ ЭРХЛЭЛТИЙН ТҮВШИН СҮҮЛИЙН 5 ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЛЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ERD: "ХӨНДИЙ" АЛТНЫ ТӨСЛИЙН ТОГТООГДСОН НӨӨЦ 751 МЯНГАН УНЦ АЛТ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19     ХЯТАДЫН $200 ТЭРБУМЫН ИМПОРТОД ТАРИФ ТОГТООВ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/19     ШИВЭЭХҮРЭН БООМТООР ХОНОГТ 60-80 МЯНГАН ТОНН НҮҮРС ЭКСПОРТОЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/19     БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18    

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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Apartment mortgage program continues www.montsame.mn

Ulaanbaatar /MONTSAME/ The Bank of Mongolia has stated that apartment mortgage program with 8 per cent interest rate will be transferred to the Government within 2018. New mortgage loans will be issued till the end of 2017, financed with monthly repayment income of loans. The remaining funding will be solved through reflecting it in the State Budget by the Government.

Last month, 396 persons received mortgage loan of MNT24.3 billion with 8 and 5 per cent interest. Since the new regulation approval on the apartment mortgage financing, the Bank of Mongolia has spent MNT142.3 billion for the financing of mortgage, solving mortgage applications of 2042 persons by February 2017.

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Mongolia may see 7-8 pct economic growth after recovery - IMF www.reuters.com

ULAANBAATAR, March 14 (Reuters) - Mongolia can likely look forward to 7-8 percent economic growth once it rebounds from its economic troubles, the International Monetary Fund's (IMF) country head to Mongolia said.

"I see 7-8 percent (economic growth), which I think is achievable and sustainable," IMF Resident Representative for Mongolia Neil Saker said at a panel discussion on Monday.

That would still be far slower than the boom days when the resource-rich country grew 17.3 percent in 2011.

The IMF and other partners bailed Mongolia out with a $5.5 billion economic stabilisation package in February, after the landlocked nation was hit hard by an economic crisis in 2016 due to government overspending and declining revenues from commodity exports.

This rescue package boosted investor confidence and helped in a successful debt swap of the $580 million bond due 2017 issued by the state-owned Development Bank of Mongolia (DBM).

Holders of $476 million DBM bonds received new sovereign bonds in exchange and new investors bought $124 million bonds, taking the aggregate of the new sovereign bonds due in 2024 , to $600 million. The remaining $104 million bonds issued by DBM will be redeemed on March 21.

"The Development Bank bond is now being settled," Saker said, referring to the bond due on March 21.

"Mongolia did a good job talking to investors and the bond was five times oversubscribed."

(Reporting by Terrence Edwards; Additional reporting by Umesh Desai; Editing by Sue-Lin Wong and Jacqueline Wong)

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China cuts retail oil prices www.chinadaily.com

BEIJING - China will lower the retail prices of both gas and diesel by 85 yuan ($12.3) per ton from Wednesday due to falling international prices, according to the country's top economic planner.

It will be the second oil price cut this year, according to the National Development and Reform Commission (NDRC).

China has a pricing regime that adjusts domestic retail oil prices when international crude prices change by more than 50 yuan per ton during a time span of 10 work days.

Influenced by increasing crude oil reserves in the United States, growing shale oil output and a stronger dollar, international oil prices have fallen sharply recently.

Weak demand will keep oil prices at a relatively low level in the short term, said the NDRC price monitoring center.

So far this year, China has also raised retail oil prices twice, leading to an accumulated reduction of gas and diesel prices both by 35 yuan per ton.

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Mongolian PM to visit Russia www.news.mn

J.Erdenebat, Prime Minister of Mongolia will pay a visit the Russian Federation in the first half of 2017, Mongolian Ambassador to Moscow B.Delgermaa told TASS on Monday.

"At a meeting of the intergovernmental commission in Ulaanbaatar in 2016, we had a very effective discussion of issues in all spheres, not only in the trade-and-economics but also in humanitarian and other areas," she said. "We have already adopted a detailed plan to deal with the problems that have been piling up for years, including railway transport, excise duties during railway shipments, building a water storage facility and cooperation in border regions. Our embassy is working with Russian ministries and agencies in all spheres."

"As regards concrete results, we expect that about 40-50% of problematic issues in relations between our countries will be regulated and resolved in practical terms before the Mongolian prime minister’s visit which is expected to take place in the first half of this year," the ambassador said, adding that the next regular meeting of the intergovernmental commission is scheduled to be held in Moscow in late 2017.

Russian Prime Minister Dmitry Medvedev visited Mongolia in July 2016. He had a series of bilateral meetings with Mongolia’s top officials and took part in a summit meeting of heads of state and government of ASEM (Asia-Europe Meeting) member states.

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Mongolia Economic Forum 2017 www.gogo.mn

Mongolia Economic Forum (MEF) 2017 is scheduled to be held on March 30-31st at the State Palace, under the motto "Think sustainable, Act responsible".
The forum aims to bring together policy makers, the private sector, and civil society representatives to discuss economic issues. Over 1,500 participants attend the forum each year.
Forum guests include the President of Mongolia, Prime Minister of Mongolia, Speaker of Parliament, Members of Parliament, Cabinet Ministers, representatives of foreign company, local businessmen, public stakeholders, local and international media, and representatives of international organizations. 
Registration is now open at www.meforum.mn/register

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Ulaanbaatar to expand its tax base www.montsame.mn

Ulaanbaatar /MONTSAME/ “We will work towards expansion of tax base and increase of revenue”, remarked Ulaanbaatar Mayor S.Batbold during the signing of a memorandum of understanding with Mongolian Taxation Authority on March 14.

On behalf of the Mongolian Taxation Authority, Director S.Zorig signed the memorandum formalizing the two side’s cooperation this year.

“Mayor’s Office is responsible for strengthening the material base of taxation entities and enabling working conditions for the staff which we will ensure. Today, we are establishing a memorandum to cooperate on assistance to taxpayers with the Taxation Authority ”, the Mayor said.

For his part, the Taxation Authority Director said, “This memorandum is important for laying the foundations for further cooperation between the Taxation Authority and Governors’ Offices of districts”.

In the frameworks of the memorandum, implementation of taxation laws will be ensured in the capital and district levels and realization of VAT law will be intensified.

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Mongolia secures safety for US plane landing www.montsame.mn

Ulaanbaatar /MONTSAME/ Ulaanbaatar-bound US military airplane C-17 made an emergency landing at Chinggis Khaan International Airport, just reaching its destination.

A faulty engine led to the plane’s emergency landing at 13:59 PM on March 14, Tuesday at the capital airport, confirmed Mongolian Civil Aviation Authority. The airplane was conducting a scheduled flight from Qatar to Mongolia.

The Chinggis Khaan International Airport staff secured readiness for the emergency landing of the C-17 airplane operated by 8 crew members, reported the officials.

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IMF calls for action against protectionism www.nhk.or.jp

The International Monetary Fund has called on the Group of 20 economies to avoid protectionism, in an apparent warning to US President Donald Trump.

The IMF released its report on the global economy on Tuesday before the G20 finance ministers and central bank governors begin a 2-day meeting on Friday in Germany.

This will be the first such meeting since Trump took office in January.

The report says a strong commitment to a rules-oriented multilateral trading framework maximizes the benefits from global integration and safeguards against risks.

The Trump administration has indicated that it may ignore World Trade Organization decisions on trade disputes if they are not in the country's favor.

The draft of a joint statement to be released after the G20 talks does not contain the phrase "to resist protectionism".

Attention is focused on whether the participants will include these words in the final version.

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Toyota to study production in Saudi Arabia www.nhk.or.jp

Executives at Japanese automaker Toyota Motor are considering whether to make cars in Saudi Arabia. They say they've signed a memorandum of understanding with Saudi officials to study the possibility of setting up a factory in the Middle Eastern nation.

Toyota plans to see if it would be possible to secure parts and whether demand would be strong enough.

Toyota exported about 37,000 cars to Saudi Arabia from Japan last year. The company also ships vehicles there from other countries. Toyota accounts for about one-third of all the cars on Saudi roads.

Separately, the Economy Ministers of the two countries signed another memorandum. They agreed for Japan to help the Gulf nation in its quest to lessen its dependence on oil.

It says Japanese officials will support desalination projects to help Saudi Arabia deal with chronic water shortages. They will provide know-how for managing non-governmental organizations.

The 2 sides also agreed to jointly study whether Japan's expertise in the technology known as Internet of Things and housing construction can be applied to Saudi Arabia.

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Mid-flight slumber cut short by exploding headphones www.bbc.com

Australian authorities have warned about the dangers of using battery-powered devices on flights after a woman's headphones caught fire.
The woman was dozing on a flight from Beijing to Melbourne when she was woken by the sound of an explosion.
She tore the headphones off to find them sparking, catching fire and beginning to melt.
The explosion and fire left her with a blackened face and blisters on her hands.
The passenger, who has not been named, told the Australian Transport Safety Bureau (ATSB) she was listening to music when the explosion occurred.

"I just grabbed my face which caused the headphones to go around my neck. I continued to feel burning so I grabbed them off and threw them on the floor. They were sparking and had small amounts of fire."

Members of the flight crew rushed to help and eventually put out the fire by pouring a bucket of water on the headphones.
By that time, the battery and the plastic cover had melted and stuck to the floor.
"For the remainder of the flight, passengers endured the smell of melted plastic, burnt electronics and burnt hair," the ATSB said in its report.
The report said did not mention the brand of headphones, but said it believed that a fault with a lithium-ion batteries was the likely cause.

The ATSB has published a set of guidelines for travelling safely with batteries and power packs, warning that "as the range of products using batteries grows, the potential for in-flight issues increases".
There have been a number of problems with lithium batteries on flights in recent years.
A plane about to take off from Sydney last year had to be stopped when smoke was coming from a piece of hand luggage. It was then found that lithium batteries had caught fire in the luggage.
An electronic device also began emitting smoke when it was crushed under a moving seat in the US, the ATSB said.
Last year, malfunctioning batteries in Samsung's Note 7 caused many of the smartphones to overheat, catch fire and melt.
Several such incidents also occurred on planes leading to international aviation authorities banning the device from planes. The Note 7 was soon recalled by Samsung and production has been scrapped.

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