1 JEFF BEZOS IS NOW WORTH MORE THAN BILL GATES AND LARRY PAGE COMBINED WWW.CNN.COM PUBLISHED:2018/07/17      2 APARTMENT COMPLEX FOR YOUNG FAMILIES UNDER CONSTRUCTION IN ERDENET WWW.MONTSAME.MN PUBLISHED:2018/07/17      3 NUM GRADUATES INVITED TO WORK FOR TOSHIBA CORPORATION WWW.MONTSAME.MN PUBLISHED:2018/07/17      4 RUSSIA & UNITED STATES CAN COMPETE & WORK TOGETHER IN ENERGY MARKET - PUTIN WWW.RT.COM PUBLISHED:2018/07/17      5 TESLA IS GETTING A CHINA FACTORY. THIS $4 BILLION STARTUP WILL BE WAITING WWW.BLOOMBERGTV.MN PUBLISHED:2018/07/17      6 HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE WWW.MINING.COM PUBLISHED:2018/07/17      7 MONGOLIA'S TOURISM REVENUE INCREASES BY 20 PERCENT WWW.NEWS.MN PUBLISHED:2018/07/16      8 WATER LEVELS OF MAJOR MONGOLIAN RIVERS EXCEED ALARM LINE WWW.XINHUANET.COM PUBLISHED:2018/07/16      9 CHINA SETS RECORD DAILY STEEL OUTPUT FOR THIRD MONTH IN A ROW WWW.REUTERS.COM PUBLISHED:2018/07/16      10 RUSSIAN RETAILERS, HOTELS EMERGE AS WORLD CUP WINNERS WWW.THEMOSCOWTIMES.COM PUBLISHED:2018/07/16      ОЛОН УЛСЫН ИННОВАЦИЙН ИНДЕКСЭЭР МОНГОЛ УЛС 53-Т ЖАГСЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/07/17     ШАДАР САЙД НҮБ-ЫН ӨНДӨР ТҮВШНИЙ УУЛЗАЛТАД ОРОЛЦОЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     "ТАВАНТОЛГОЙ"-Н ТӨМӨР ЗАМЫН ТӨСӨЛ УРАГШЛАХ ЭСЭХ НЬ SHENHUA-ГААС ШАЛТГААЛАХААР БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/07/17     ХӨШИГИЙН ХӨНДИЙН НИСЭХ БУУДАЛД 5.3 ТЭРБУМ ТӨГРӨГИЙН ҮНЭ БҮХИЙ ЦАЦРАГИЙН ХЯНАЛТЫН ТӨХӨӨРӨМЖ СУУРИЛУУЛНА WWW.DNN.MN НИЙТЭЛСЭН:2018/07/17     2017 ОНЫ САНХҮҮГИЙН НЭГДСЭН ТАЙЛАН ЗӨРЧИЛГҮЙ ДҮГНЭГДЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2018/07/17     2018 ОНЫ ЭХНИЙ ХАГАСТ ХЯТАДЫН ДНБ 6,8 ХУВИАР ӨСЧЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     МОНГОЛ УЛС ЯПОН УЛСАД 100 МЯНГАН АМ.ДОЛЛАРЫН ХҮМҮҮНЛЭГИЙН ТУСЛАМЖ ҮЗҮҮЛЭХЭЭР БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/07/17     ОУВС-ГААС МАНАЙ УЛС 184.5 САЯ ДОЛЛАРЫН САНХҮҮЖИЛТ АВААД БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/17     МАНАЙ УЛСЫН ЗЭЭЛЖИХ ЗЭРЭГЛЭЛ ДЭЭШИЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/07/16     “ЭРДЭНЭС-ТАВАНТОЛГОЙ” 40 САЯ ДАХЬ ТОНН НҮҮРСЭЭ ОЛБОРЛОЖЭЭ WWW.NEWS.MN  НИЙТЭЛСЭН:2018/07/16    

Events

Name organizer Where
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

64x64

Russian economy to grow steadily in next 5 years, but has capacity for more – IMF www.rt.com

Russia will see average GDP growth of 1.5 percent in the next five years, according to International Monetary Fund (IMF) Deputy Managing Director David Lipton. However, he told the Gaidar Economic Forum in Moscow the country should strive for faster growth.

In an interview with TASS news agency, Lipton confirmed October’s IMF forecast that predicts global growth of 3.8 percent by 2021, with the Russian economy to grow significantly slower at 1.5 percent.

According to Lipton, Russia should implement some policy changes, reforms and structural changes that will increase the capacity of the economy to catch up with global growth rates.

The eighth annual Gaidar Forum takes place from January 12 to 14, 2017 in the Russian capital. This year, it focuses on the analysis of the current economic situation and economic growth prospects in Russia and will cover financial and social policy issues, business climate and priorities for regional development in the country.

Besides the IMF, represented by Lipton, the World Bank’s Vice President for Europe and Central Asia Cyril Muller and Deputy Chief Economist for the World Bank Group Ana Revenga will present their report: "Russian Federation systematic country diagnostic: pathway to inclusive growth."

Members of the Russian government will also take part in the forum. They include Prime Minister Dmitry Medvedev, the newly-appointed Economy Development Minister Maksim Oreshkin, Finance Minister Anton Siluanov and the Central Bank of Russia Governor Elvira Nabiullina.

Aleksey Kudrin, Chairman of the Center for Strategic Research Foundation (CSR), and Minister of Finance for Russia (2000-2011) will make the keynote speech.

...


64x64

Japan, Russia to form energy cooperation schedule www.nhk.o.jp

Japanese and Russian ministers have agreed to draw up a work schedule around the end of March to implement energy deals signed during President Vladimir Putin's visit to Japan last month.

The agreement came in a meeting between Japanese Minister for Economic Cooperation with Russia Hiroshige Seko and Russian Energy Minister Alexander Novak in Russia on Thursday.

Governments and companies of the 2 nations signed 80 agreement documents based on an economic cooperation plan presented by Tokyo.

The work schedule will focus on energy deals, including gas and nuclear power.

Ahead of the meeting, Seko met Russian Industry and Trade Minister Denis Manturov. Seko expressed his intention to attend one of Russia's biggest international trade fairs, to be held in the central city of Ekaterinburg in July.

Seko told reporters that he will do his best to increase cooperation in economic and various other areas to build a genuine partnership with Russia.

...


64x64

Amazon to hire over 100,000 in US www.nhk.or.jp

IT giant Amazon says it will hire more than 100,000 people over the next 18 months in the United States. The plan comes as President-elect Donald Trump is urging firms to increase US employment.

The online retailer said on Thursday that the new recruits will be full-time workers and directly employed by the company.

Amazon said that if its plan goes smoothly, its US-based workforce will exceed 280,000, making the company one of the largest employers in the country.

Amazon CEO Jeff Bezos says innovation has created hundreds of thousands of American jobs. He notes that the new jobs are not just in Silicon Valley but also in fulfillment centers and other Amazon facilities throughout the country.

During the election campaign, Trump criticized IT firms such as Amazon and Apple for not producing enough US jobs.

In an apparent response to Trump's stance, Ford Motor and Fiat Chrysler Automobiles recently announced plans to increase investment and employment in the US.

...


64x64

Japan's largest steel firm seeks assistance www.nhk.or.jp

Japan's largest steel firm is seeking assistance from other companies to increase production on its behalf due to a fire at one of its factories.

The fire broke out at Nippon Steel & Sumitomo Metal Corporation's Oita Works in western Japan on January 5th. It heavily damaged electrical equipment at the mainstay factory producing steel plates for ships and other uses. The firm says it doesn't know when it can restart production.

Its factories in Chiba and Aichi Prefectures have already increased their production of plates to address the situation. But it has become increasingly difficult to make up for the loss.

Nippon Steel & Sumitomo Metal has asked 2 other Japanese firms, JFE Steel and Kobe Steel, to produce plates on its behalf.

The firm has not commented on the quantity it has asked others to produce.

Its Oita Works shipped 2.4 million tons of steel plates last year, equivalent to one-fourth of all domestic production.

...


64x64

ALERT: Mongolian air pollution kills 120 children annually www.news.mn

A new report by the Mongolian National University of Medical Sciences has revealed some disturbing figures about the impact of Ulaanbaatar's killer smog. The writers state that 120 children and 1200-1300 people in Mongolia are dying every year due to illnesses and disease caused by or exacerbated by air pollution. MNUMS researched air pollution effects on health in cooperation with the University of California and Seoul National University. The report shows that children under the age of five are at greater risk than adults; air pollution can severely damage the development of a child's body.

Based on the WHO studies in 2009, over seven thousand deaths occur annually in Mongolia; 10% of them are associated with air pollution. However, the number of deaths increased to 20% in 2014. Currently the coldest winter in a decade has led to the increase in the burning of cheap fuel in the capital's 'ger district' shanty towns, which has resulted in more intense pollution.

...


64x64

Import restrictions on right-hand drive vehicles to be developed www.gogo.mn

During the cabinet meeting on January 11, Minister of Road and Transport Development D.Ganbat introduced a decision about import restrictions on right-hand drive vehicles used more than 6 years.
As Mongolia has a standard of right-hand traffic, all regulations related to Mongolia’s traffic are designed for vehicles with steering wheel on the left. It means that all laws, rules, standards and road traffic safety regulators will be in correspondence to the left-hand side cars. However, vehicles to Mongolia have increased in the past decade.
According to studies, nearly 48 percent of all vehicles in Mongolia and nearly 55 percent of all cars in Ulaanbaatar have steering wheels on the right side.
In 2015, some 41,064 traffic-related accidents occurred, 64.4 percent of which were involved by vehicles with steering wheels on the right side.
Obligations were given to D.Ganbat, Minister of Road and Transport Development to develop a concrete proposal related to import restrictions on right-hand drive vehicles that are used more than 6 years.

...


64x64

Age of Apple is over, says Peter Thiel www.rt.com

Arguably the most desired smartphone in the world, Apple’s iPhone, is losing popularity, says PayPal co-founder and first Facebook investor Peter Thiel.

When asked if "the age of Apple is over” by The New York Times, Thiel answered: "Confirm. We know what a smartphone looks like and does. It’s not the fault of Tim Cook, but it’s not an area where there will be any more innovation."

In October, Apple reported its first annual revenue decline in 15 years, as for the first time iPhone sales slumped. In the three months ending September 24, the Cupertino, California company said its revenue dropped about nine percent year on year.

Apple’s annual sales fell to $216 billion in the 2016 fiscal year ending September 30, down from a record $234 billion the year before.

The company’s sales in China, once a catalyst for growth, declined 30 percent year on year as the tech company faces competition from local producers like Xiaomi and Huawei that make more affordable smartphones with a similar set of functions.

Some analysts say the the world may have reached “peak Apple,” as nearly everyone who wants and can afford an iPhone and other products already has one.

The iPhone was first launched in June 2007, transforming the telecoms industry. However, Apple is facing increased competition from smartphones running on Google’s Android, and other gadgets.

Thiel co-founded PayPal in 1999 and became Facebook's first outside investor after acquiring a 10.2 percent stake for $500,000 in 2004.

...


64x64

China, Japan, ROK discuss trade, investment in FTA negotiations www.chinadaily.com.cn

 
BEIJING - Delegates from China, Japan and the Republic of Korea (ROK) discussed goods and services trade and investment as they met in Beijing on Wednesday for the 11th round of trilateral free trade agreement (FTA) negotiations.
 
Vice-Minister of Commerce Wang Shouwen led the Chinese delegation, the Ministry of Commerce said in a statement.
 
Since their launch in November 2012, China-Japan-ROK Free Trade Agreement negotiations have been carried out.
 
The three parties agreed that the establishment of a trilateral FTA will help give full play to their advantages, unleash the economic vitality of the three countries and boost regional prosperity and development.
 
In November 2015, leaders from the three nations reiterated in a joint statement that they should accelerate the FTA negotiations.
 
China is the largest trading partner of Japan and the ROK. The three countries, whose combined GDP accounts for around 20 percent of that of the whole world, would constitute one of the three largest economic blocs, along with the European Union and North America, both of which already have FTAs among themselves.
 
 
...


64x64

Import restrictions on right-hand drive vehicles to be developed www.mongolia.gogo.mn

 
During the cabinet meeting on January 11, Minister of Road and Transport Development D.Ganbat introduced a decision about import restrictions on right-hand drive vehicles used more than 6 years.
As Mongolia has a standard of right-hand traffic, all regulations related to Mongolia’s traffic are designed for vehicles with steering wheel on the left. It means that all laws, rules, standards and road traffic safety regulators will be in correspondence to the left-hand side cars. However, vehicles to Mongolia have increased in the past decade.
According to studies, nearly 48 percent of all vehicles in Mongolia and nearly 55 percent of all cars in Ulaanbaatar have steering wheels on the right side.
In 2015, some 41,064 traffic-related accidents occurred, 64.4 percent of which were involved by vehicles with steering wheels on the right side.
Obligations were given to D.Ganbat, Minister of Road and Transport Development to develop a concrete proposal related to import restrictions on right-hand drive vehicles that are used more than 6 years.
...


64x64

Railway route in direction to ‘Erdenet-Ovoot’ defined www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Railway route in direction ‘Erdenet-Ovoot’, on which railway from Erdenet city of Orkon province to Ovoot coal mine in Tsetserleg soum of Khovsgol province is to be put, was defined during yesterday’s Cabinet meeting.
 
Relevant minister and chairmen of agencies were instructed to develop detailed feasibility study of the railway construction and engineering plan as well as to register the approved route coordination in National Space data.
 
The railway in direction of ‘Erdenet-Ovoot’ will enable putting products of mines in Khovsgol, Bulgan and Orkhon provinces into circulation, improving their efficiency and the development of tourism. Further basis for integrated transportation network will be founded to connect mines, industrial complexes and rural areas with railway.
 
‘Erdenet-Ovoot’ railway will be 542 km long with two basic stations and 8 junctions. It will have a capacity of 22.2 million tons/year, with transportation freight of 20 million tons/year and passing capacity of 16 pair of trains.
 
According to preliminary estimation, construction basis of the railway costs USD1.3 billion. 10 tons of mining products is estimated to be extracted in Ovoot coal mine in a year for further transportation.
...