1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20    

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

64x64

Concession agreement on sewage facility to be introduced www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the Cabinet’s regular meeting on March 20, Monday, Head of Cabinet Secretariat J.Munkhbat reported on the conclusion of a working group which was designated to implement Ulaanbaatar Sewage Facility Construction project and discuss the conditions of concession contract with proposed entities.
 
The working group suggests the partnership of Bogda JSC and Jinhua LLC which has made a proposal inclusive of technical and economic assessment and technological solution recommended by the Ministry of Construction and Urban Development and a corresponding Parliamentary Standing Committee.
 
The partnership offers to fund 30 percent of the project with its own investment, and the remaining 70 percent with a 10-year loan which has 4-year grace period and 5 percent annual interest.
 
National Development Agency was tasked to reach consensus on a build-operate-transfer type of concession contract to realize the Ulaanbaatar Sewage Facility Construction project, and report to the Cabinet.
...


64x64

New contractor to be chosen for Bayankhongor-Altai road project www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the Cabinet’s regular meeting on March 20, Monday, Head of Cabinet Secretariat J.Munkhbat reported on the progress of 126.7 km Bayankhongor-Altai road project which is listed among state-owned concession items approved by the 2013 Cabinet resolution No 317.
 
The concession agreement to build the road, worth USD 76.9 million, was signed with Energy Construction Company LLC on June 5, 2015. Sides agreed that repayment must be made from 2017 to 2019, and the road must be operational before September 1, 2017. But another company, Erdene Zam LLC established a duplicate concession contract because of which a legal case has been created.
 
Therefore, the Cabinet resolved to nullify the contract of Erdene Zam LLC, and ordered Minister for Road and Transport Development D.Ganbat to settle the case in compliance with the concerning laws and regulations.
 
Moreover, the Cabinet also decided to nullify the original concession contract with Energy Construction Company LLC, and assigned National Development Agency to select a new entity to establish a direct contract on construction of the 126.7 km road project and introduce its report.
...


64x64

National program approved to curb air pollution www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Cabinet approved a National Program on Reducing Air Pollution at its regular meeting held on March 20. The program is to be implemented in two stages, in 2017-2018 for short term and 2018-2021 for long term. With realization of 59 measures reflected, usage of raw coal for fuel in Ger area households, entities and other organizations is expected to be banned.
 
As results, air polluting factors are estimated to decrease by 80 percent and toxic particles and sulphuric dioxide – to decrease by more than 50 percent.
 
Information Centers for Environmentally Friendly Technology will open in Bayanzurkh, Songinokhairkhan and Chingeltei districts of Ulaanbaatar city. Moreover, a bill on Establishing an Anti-Air-Pollution Fund and draft amendments to related laws targeted to protecting the environment, reducing environmental pollution, determining stakeholders’ responsibilities of rehabilitation and improving public participation and monitoring will be submitted to the parliament, pursuant to a direction by the Prime Minister.
 
The target groups will receive processed fuel, electric heater and nighttime power-meter at discounted prices. Producers and manufacturers of technologies and new ideas, as well as value-added and import-substituting products that are good for the environment will enjoy tax alleviations.
...


64x64

Gashuunsukhait Railway company dissolved www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on March 20, Monday, the Cabinet instructed the Board of Erdenes Tavan Tolgoi JSC to dissolve Gashuunsukhait Railway LLC which was established to invest in, construct and operate the narrow gauge railway between Mongolian Gashuunsukhait and Chinese Gantsmod ports.
 
In relation with the decision, corresponding Ministers and authorities were ordered to oversee the company’s expenditures through external audit and take measures concerning payment for the expense of the company using the foreign investment made into TavanTolgoi–Gashuunsukhait railway project.
 
Cabinet Resolution No. 268 issued in 2016 reflected that Nariinsukhait-Shiveekhuren railway construction will begin within the first half of 2017. Therefore, the Cabinet agreed that construction of 267 km railway connecting Tavan Tolgoi with Gashuunsukhait will be executed under the same authority with the construction of 45.3 km railway connecting Nariinsukhait with Shiveekhuren.
 
Although Gashuunsukhait Railway company had finalized the technical and economic assessment, layout and geological and geodetic surveying for the narrow gauge project, Tavan Tolgoi-Gashuunsukhait railway was decided to be built with standard 1435 mm gauge in accordance with the 2014 Parliament Resolution on ‘Ensuring implementation of Government policy on rail transport’.
...


64x64

Bill Gates tops Forbes' rich list but Trump's wealth slips www.bbc.com

 
Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043.
According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14.8bn to $75.6bn.
It was bad news for US President Donald Trump, who slipped 220 spots to 544 and must now rub along on just $3.5bn.
Forbes said the $1bn fall in his wealth was due to the slow US property market.
There were 183 tech billionaires on the Forbes list, with a combined $1tn in wealth. The list is dominated by US billionaires.
Others in the top 10 included Amazon founder Jeff Bezos, who moved up to number three with the biggest gain of any person on the planet, a $27.6bn rise in his fortune of $72.8bn.
Facebook founder Mark Zuckerberg was number five and Oracle co-founder Larry Ellison was number seven.
The global population of billionaires, now put at a record 2,043, marks the biggest annual increase in the 31 years since the magazine began compiling the list.
The number of US billionaires on the list was 565, which Forbes attributed to the recent stock market surge since Mr Trump's November 2016 election.
China was second with 319 billionaires, and Germany was third with 114.
Forbes' top ten:
Bill Gates (Microsoft co-founder): $86bn
Warren Buffett (US investor): $75.6bn
Jeff Bezos (Amazon founder): $72.8bn
Amancio Ortega (Inditex founder): $71.3bn
Mark Zuckerberg (Facebook founder): $56bn
Carlos Slim (Mexican magnate): $54.5bn
Larry Ellison (Oracle co-founder): $52.2bn
Charles Koch (US businessman): $48.3bn
David Koch (US businessman): $48.3bn
Michael Bloomberg (Bloomberg founder): $47.5bn
The number of women on the list rose to 227 from 202, giving them a collective net worth of $852.8bn. For the second year running France's Liliane Bettencourt, the L'Oreal cosmetics heiress, was the world's wealthiest woman with a $39.5bn net worth.
Most of the richest women inherited their fortune, Forbes said. But the list also contained 15 new "self-made" women, mostly from Asian countries, including Vietnam's Nguyen Thi Phuong Thao of budget airline VietJet air.
Trump's tumble
Forbes attributed the US president's slide down the list to the sluggish Manhattan property market, which is responsible for a disproportionate amount of his wealth.
President Trump on the phone in the Oval Office of the White House - 28 January 2017Image copyrightAP
"Forty percent of Donald Trump's fortune is tied up in Trump Tower and eight buildings within one mile of it," Forbes said. "Lately, the neighbourhood has been struggling - relatively speaking."
The magazine also said that his wealth was hit by $66m in political spending on his successful presidential campaign, as well as $25m to settle litigation he allegedly ripped off students at Trump University.
Mr Trump would also have missed the big Wall Street rally following his election, assuming he sold off all of his shares during last year's campaign, the magazine said.
But not all of the trends were negative for Mr Trump.
The magazine estimated the worth of the Mar-a-Lago resort in Florida rose $25m due to post-election exposure.
Forbes list facts:
Bill Gates has topped the Forbes list for 18 of the past 23 years
There were 195 newcomers on the list, dominated by billionaires from mainland China
The youngest billionaire for the second year running is Alexandra Andresen, 20, after her father transferred some $1.2bn
The youngest self-made billionaire is John Collison, 26, worth $1.1bn after founding the Stripe online payment site
The sole US self-made woman newcomer on the list is Thai Lee, who moved to the US as a child and runs tech reseller SHI
Of women billionaires, iron ore magnate Gina Rinehart had the best year, with her net worth jumping $6.2bn to $15bn
...


64x64

CeBIT high-tech fair opens in Germany www3.nhk.or.jp

 
The world's biggest high-tech trade show opened in Hanover, Germany on Monday.
 
Some 3,000 businesses and organizations from 70 countries are participating in this year's CeBIT fair. They're showcasing all kinds of technologies on information and communications.
 
Japan is this year's event's partner country and sent 118 companies, the largest number of Japanese participants to date.
 
One Japanese venture firm showed a robotic suit that uses brain signals to help users move. Company officials say the device is already being used in German hospitals to help rehabilitate people with paralysis caused by brain damage.
 
NHK showcased its 8K Super Hi-Vision technology, displaying videos of a Japanese festival and sumo matches shot in the ultra-high-definition format. Visitors say they're amazed by the sharp, realistic images.
 
Organizers are expecting about 200,000 visitors during the event, which ends on Friday.
...


64x64

Charge electric cars smartly to take pressure off national grid – minister www.theguardian.com

 
Electric cars are putting increasing pressure on the UK’s power grids, making it vital they are recharged at the right time of day, a minister has said.
 
John Hayes, transport minister, said it was important that such battery-powered cars were topped up in smart ways to avoid unduly stressing the energy system.
 
He said he hoped the accelerating uptake of electric cars, which registration figures show are growing faster than conventional new cars, could catalyse a wider debate on how best to manage the UK’s energy demand.
 
“We know the demand for electric vehicles places the national grid under pressure. It’s critically important – we are working on this. It’s particularly important that we charge smart, so we flex demand and take advantage of spare capacity,” Hayes told an audience in London.
 
The minister joked that a competition to design a better-looking electric car charger could see the winning entry nicknamed the “Hayes hook-up”.
 
SSE, one of the UK’s big six energy companies which also runs local power grids in Scotland, said its electric car programmes found most owners charged their batteries immediately after returning home from work. That coincides with when energy demand is already at its highest point in the day, which has led the company to trial time-shifting the charging to miss the peak.
 
The utility said such “demand-side response”, where a car may not start charging until a few hours after a driver has plugged it in, when demand is lower, could alleviate much of the cost of power network upgrades required to cope with electric vehicles. However, most of the UK’s existing 10,000-plus charging points do not have such technology.
 
Stewart Reid, ‎head of asset management and innovation at SSE, said realistically some network upgrades, which would ultimately be passed on to energy bills, would be required if electric cars took off in a big way.
 
“If this goes ballistic, if it’s like iPads went, then we’re going to have a very big investment programme: you’re going to have to invest in the network. But at least we’re going in with our eyes open,” he said.
 
A spokesman for the Energy Networks Association, whose members run local power grids, agreed that investment in the network would be needed. But he said: “Electricity network operators are developing a number of innovative solutions to enable people to charge their vehicles while minimising the impact on the power network.”
...


64x64

Heineken may lose its red star logo over Hungary’s fight with ‘symbols of tyranny’ www.rt.com

 
Brewer Heineken’s trademark red star may become a victim of the Hungarian government’s attempts to ban the use of “totalitarian symbols” related to years of Nazi occupation and the communist era.
 
On Monday, the country’s parliament began discussing a bill which, from next year, would make it a criminal offense to use symbols such as the swastika, the arrow cross, the hammer and sickle and the red star for commercial use.
 
Businesses using the symbols could be fined up to $7 million with employees receiving a jail term.
 
The government of Prime Minister Viktor Orban said it has a "moral obligation" to ban the commercial use of “symbols of tyranny.”
 
Experts say if the bill is passed, beer giant Heineken may be forced to change its logo, which features a five-pointed red star. The company has had a star logo on its beer for most of the years since it was first brewed in the second half of the 19th century, changing the color to red in the 1930s.
 
The star is thought to represent a brewers’ symbol for the various stages of the brewing process. The red star was also a major symbol of Soviet communism and used to appear on the crest of communist-era Hungary.
 
Red stars are also featured in the logos of US department store chain Macy’s and Italy’s San Pellegrino mineral water.
 
According to Reuters, Hungarian government spokesman Zoltan Kovacs said that based on the law, Heineken beer with its current logo could be banned.
 
Deputy Prime Minister Zsolt Semjen was quoted as saying that the red star in Heineken's logo was "obvious political content."
 
Lately, some post-Soviet states and members of the former Eastern Bloc have started a process of decommunization, which in some cases involve a ban on communist symbols.
 
Unlike Nazi symbols, communist symbols are not banned in the Czech Republic or in Romania. The Constitutional Tribunal in Poland ruled the symbols could be used.
 
Croatian Prime Minister Andrej Plenkovic in December announced a possible ban on all totalitarian symbols, including the red star.
...


64x64

27th Annual NAMBC AGM & Investors Forum, April 27-28 Washington DC www.mongolianbusinessdatabase.com

Mongolian Business Database MBD (www.mongolianbusinessdatabase.com) is starting to register the business participants to the 27th NAMBC Annual General Meeting & Investors Forum which will be held in April 27-28, 2017, at the Residence Inn Arlington Pentagon City, adjacent to Reagan National Airport in Washington DC. The second day, April 28, will feature door-knock meetings with US government officials and on Capitol Hill. The program will commemorate the 30th anniversary of US-Mongolia diplomatic relations by presenting program segments on future investment opportunities in Mongolia, prospects for US-Mongolia and US-Asia engagement under the Trump Administration, and other matters. Speakers will include Mongolian and US officials and business leaders.

Please visit to following link for information in details and contact at contact@mongolianbusinessdatabase.com e mail, 77109911, 98994787 for the registration and inquiry.

http://www.mongolianbusinessdatabase.com/base/eventsdetails…

Registration will close in March 29, 2017 (Wednesday).

...


64x64

PM: “Government of Mongolia to be debt-free to Chalco within this month” www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister of Mongolia J.Erdenebat met with the leaders of the administrative organizations under the government to give some directions. He also reflected on actions taken by his cabinet for the last seven months since formation.

J.Erdenebat was appointed as the Prime Minister eight months ago. In a month in the Premier’s office, J.Erdenebat formed his cabinet, hailed as “professional”.

“To look back on the works done by our cabinet, I would call it a “cleaning” cabinet”, said the Premier and provided examples to back his argument.

At first, he said, our cabinet has sophisticated the budgetary system and commenced the action for applying discipline in public expenditures. “We were greeted by an economy that had one of the world’s most critical government budget balance in terms of deficit. The budget deficit was a consequence of careless spending of taxpayers’ money”, he added.

Secondly, the new cabinet has successfully captured opportunities and put an end to the impeachment, which was about whether the Mongolian government would announce a default or not due to the outstanding debt from the government bonds. This government has settled the issue of USD 580 million debt, and shed a light on investors’ confidence.

He went on to say “This is not any kind of political advertisement. The fact that foreign investors offered USD 3.3 billion bid for the recently-issued government bond of USD 124 million can back up the accomplishments of this government”.

Last but not least, Mongolia will be free of debt owing to Chalco Company of China within this month. Thanks to this, the East Tsankhi pit of the coal giant Tavantolgoi mine is finally getting into Mongolian people’s full ownership after seven years. In other words, profit from coal mining in East Tsankhi will go directly to the Mongolian government budget.

“We decided not to just watch what happens with the coal price in the world. This government launched an open auction for Tavantolgoi’s coal and sold at the highest ever price – 72.5 USD per ton” he said.

Although, some of the above mentioned works have been already initiated under the previous governance, our cabinet pushed forward the stagnated processes, added the Prime Minister. “Mongolia’s economy has so much more work. The difficult part is not over yet. Mongolia has just stepped up to the threshold of many decisive steps”.

 
 
 
...