1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     СЗХ-НД МӨНГӨ УГААХТАЙ ТЭМЦЭХ НЭГЖИЙГ БАЙГУУЛАХААР БОЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/20     БНХАУ: ОЛОН ТАЛТ, ЧӨЛӨӨТ ХУДАЛДААГ ДЭМЖИЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20    

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

China to become #1 economy by 2050, US to fall behind India, Russia to top Europe – PwC www.rt.com

Over the next three decades, the global economy will be dominated by China, and the US economy will lose steam and fall behind India, says consulting firm PricewaterhouseCoopers (PwC).
Russia will become the leading European economy ahead of Germany, UK, and Italy with GDP of $7 trillion, according to a PwC report.

The report, called "The long view: how will the global economic order change by 2050?," ranked 32 countries, based on their projected Gross Domestic Product by Purchasing Power Parity (PPP).

PwC concluded that by 2050, China’s GDP would reach $58.5 trillion, India, over $44 trillion, while the US will have a $34.1 trillion economy.

“We expect this growth to be driven largely by emerging market and developing countries, with the E7 economies of Brazil, China, India, Indonesia, Mexico, Russia and Turkey growing at an annual average rate of almost 3.5 percent over the next 34 years, compared to just 1.6 percent for the advanced G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US,” the report said.

Given a robust annual growth of four to five percent, Vietnam, the Philippines and Nigeria are predicted to make the greatest move up the GDP rankings.

The US and Europe’s share of global GDP are expected to shrink, while the Chinese and Indian economies are projected to grow significantly.

The consulting firm also predicted 2050 GDP numbers based on market exchange ratings, an alternative method for GDP calculation. In these rankings, the US will lose global dominance by 2030, and the gap will only grow by 2050 with China having a nearly $50 trillion GDP, and the US having the same $34.1 trillion.

Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a market "basket of goods" approach. PPP determines the economic productivity and standards of living of various countries over a period. Since market exchange rates fluctuate substantially, many economists consider PPP as a more precise way of estimating a country’s economy.

...


64x64

Mongolia to cooperate with Russia on livestock health www.montsame.mn

Ulaanbaatar /MONTSAME/ P.Sergelen, Minister for Food, Agriculture and Light Industry met with I.K.Azizov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia on February 3.

At the beginning of the meeting, the Minister expressed his readiness to especially focus on Mongolia’s cooperation in food, agriculture and light industry with its old friend Russia, and appreciated the contribution of Russian Government and its Embassy in the development of Mongolia agriculture sector.

Sides exchanged views on realizing projects on improving the health of Mongolia’s livestock and producing a new seed sort adaptive to Mongolia’s climate.

As the Minister touched upon the issue of supply of murrain vaccination in the frameworks of the 2nd phase of the project on livestock health, the Russian side expressed its readiness to facilitate a consultative meeting between specialists from both sides, and cooperate on this issue.

The meeting concluded with the two sides expressing their willingness to expand bilateral cooperation in food, agriculture and light industry.

...


64x64

Honda, Hitachi Automotive say to form EV motor joint venture www.reuters.com

Honda Motor Co Ltd (7267.T) and Hitachi Ltd's (6501.T) automotive unit said on Tuesday they would form a joint venture to develop, produce and sell motors for electric cars.

The venture will have sales and manufacturing functions in the United States and China in addition to Japan, the companies said in a press release.

The joint venture, to be established in July, will be owned 51 percent by Hitachi Automotive Systems and 49 percent by Honda, they said.

(Reporting by Naomi Tajitsu and Taiga Uranaka)

...


64x64

Honda, Hitachi teaming up on electric car motors www.asia.nikkei.com

 
TOKYO -- Honda Motor and Hitachi Automotive Systems are joining hands to establish a company to develop and produce motors for electric cars.
Motors and cells are key components in an electric vehicle in regard to performance and attractiveness. For Honda, the partnership helps its efforts to catch up with its rivals in electric vehicles.
Honda plans to release electric sedans in the U.S. by the end of the year. The partnership aims to achieve an economy of scale by selling motors to other automakers as well.
In 2013, Honda partnered with General Motors of the U.S. to jointly develop core systems for fuel-cell-powered electric vehicles. The two carmakers have also agreed to start a joint venture that would take care of production.
...


64x64

Elon Musk joins court fight against Trump travel ban www.cnn.com

Elon Musk has signed on to fight President Trump's travel ban.
Tesla, SpaceX and 29 other companies joined dozens of other tech companies Monday in the legal fight, declaring that Trump's executive order on immigration "violates the immigration laws and the Constitution."
That brings the total number of companies who've cosigned the friend of the court brief to 127.
Musk's companies, Tesla and SpaceX, were not among the original list of nearly 100 companies that were part of a court motion on Sunday evening.
Other companies that joined the brief Monday include mattress startup Casper, office services platform Managed by Q, and the messaging startup Slack.
The motion was filed with the Ninth Circuit Court of Appeals, which on Sunday morning denied the U.S. government's emergency request to resume Trump's travel ban. The appeals court has asked for both sides to file legal briefs before it makes a final decision.

Musk, who is the CEO of both Tesla and SpaceX, was one of about a dozen top tech execs who had met with Trump in December. Executives from Palantir, Cisco, Oracle, and IBM also attended the meeting. They have not joined the friend of the court brief.
The big four telecom companies, AT&T, (T, Tech30) Verizon (VZ, Tech30), T-Mobile (TMUS) and Sprint (S), have not joined the brief.
Elon Musk is also a member Trump's Economic Advisory Council. The group met last Friday and Musk later tweeted that, at his request, the travel ban was "first and foremost" on the agenda.
donald trump elon musk
President Trump and Elon Musk
Musk publicly criticized the travel ban in one tweet as "not the best way to address the country's challenges."
SpaceX, as well as Oracle and Palantir, all have lucrative government contracts.

...


64x64

Oil price increase announced as illegal www.gogo.mn

Mongolian Trade Union made press session today, describing fuel price growth by Petrovis and Shunkhlai LLC as illegal. 
Petrovis and Shunkhlai LLC have added fuel price by 50-100 MNT last weekend. 
"Fuel price shall be increased based on the decision and discussion that made by relevant authorities. However, Petrovis snd Shunkhlai LLC have not proposed discussion even, they have not warned the people, resulting violation of competition law", said Head of Mongolian Trade Union Kh.Amgalanbaatar. 
In regards, the union stated to submit proposal and requirement to the Government and the Prime Minister. 
Under the competition law, If a company increase fuel price arbitrary, the company must pay customer for damages. 
As of today, about 70 percent of imported fuel of Mongolia is supplied at wholesale price to few big companies.

...


64x64

Channeling Steve Jobs, Apple seeks design perfection at new "spaceship" campus www.reuters.com

 
Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products.
 
His last work – Apple Inc's (AAPL.O) sprawling new headquarters in Cupertino, Calif. - will be a fitting tribute: a futuristic campus built with astonishing attention to detail. From the arrangement of electrical wiring to the finish of a hidden pipe, no aspect of the 2.8 million-square-foot main building has been too small to attract scrutiny.
 
But constructing a building as flawless as a hand-held device is no easy feat, according interviews with nearly two dozen current and former workers on the project, most of whom would not be named because they signed non-disclosure agreements.
 
Since Apple unveiled its plans in 2011, the move-in date has slowly receded: Jobs' initial projection was 2015, but this spring now seems most likely, according to people involved in the project. A lengthy approval process with the city contributed to the delay.
 
Apple has not revealed the total price tag, but former project managers estimate it at about $5 billion - a figure CEO Tim Cook did not dispute in a 2015 TV interview. More than $1 billion was allocated for the interior of the main building alone, according to a former construction manager.
 
For all the time and money sunk into the project, some in the architecture community question whether Apple has focused on the right ends. The campus is something of an exception to the trend of radically open offices aimed at fostering collaboration, said Louise Mozingo, a professor and chair of the Department of Landscape Architecture and Environmental Planning at U.C. Berkeley. Its central office building – a massive ring of glass frequently likened to a spaceship – could be a challenge just to navigate, she noted.
 
"It's not about maximizing the productivity of the office space, it's about creating a symbolic center for this global company," she said. “They are creating an icon.”
 
An Apple spokeswoman declined to comment for this story.
 
WORLD'S LARGEST PIECE OF CURVED GLASS
 
Tech companies have long favored generic office parks, which allow them to lease and shed space through booms and busts. Jobs’ unveiling of what's formally known as Apple Campus 2, months before his death, marked a new chapter in Silicon Valley architecture.
 
When completed, the campus will house up to 14,200 employees, according to the 2013 project description. The main building – which boasts the world's largest piece of curved glass – will be surrounded by a lush canopy of thousands of trees. Little remains from the cement-laden campus Apple acquired from Hewlett-Packard, though the iPhone maker preserved a century-old barn that remained intact as the land passed from tech giant to tech giant.
 
But what was most striking to those who worked on the project was Apple managers' insistence on treating the construction of the vast complex the same way they approach the design of pocket-sized electronics.
 
Apple's in-house construction team enforced many rules: No vents or pipes could be reflected in the glass. Guidelines for the special wood used frequently throughout the building ran to some 30 pages.
 
Tolerances, the distance materials may deviate from desired measurements, were a particular focus. On many projects, the standard is 1/8 of an inch at best; Apple often demanded far less, even for hidden surfaces.
 
The company's keen design sense enhanced the project, but its expectations sometimes clashed with construction realities, a former architect said.
 
"With phones, you can build to very, very minute tolerances," he said. "You would never design to that level of tolerance on a building. Your doors would jam."
 
The project, which generated about 13,000 full-time construction jobs, took a toll on contractors. The original general contractors, Skanska USA and DPR Construction, left after work began, which construction experts called a rare development for a project of such scale. The reasons for the departures are unclear, and neither Apple nor the firms would comment.
 
FAITHFUL TO DESIGN PRINCIPLES
 
Apple's novel approach to the building took many forms. Architect German de la Torre, who worked on the project, found many of the proportions - such as the curve of a rounded corner - came from Apple's products. The elevator buttons struck some workers as resembling the iPhone's home button; one former manager even likened the toilet's sleek design to the device.
 
But de la Torre ultimately saw that Apple executives were not trying to evoke the iPhone per se, but rather following something akin to the Platonic ideal of form and dimension.
 
"They have arrived at design principles somehow through many years of experimentation, and they are faithful to those principles," de la Torre said.
 
Fanatical attention to detail is a key tenet. Early in construction, Apple managers told the construction team that the ceiling - composed of large panels of polished concrete - should be immaculate inside and out, just as the inside of the iPhone’s audio jack is a finished product, a former construction manager recalled.
 
Thus, each of the thousands of ceiling panels had to win approval from both Apple's in-house team and the general contractor, once at the shop and then again at the construction site.
 
"The things you can’t see, they all mattered to Apple,” the former construction manager said.
 
One of the most vexing features was the doorways, which Apple wanted to be perfectly flat, with no threshold. The construction team pushed back, but Apple held firm.
 
The rationale? If engineers had to adjust their gait while entering the building, they risked distraction from their work, according to a former construction manager.
 
“We spent months trying not to do that because that’s time, money and stuff that’s never been done before,” the former construction manager said.
 
Time and time again, Apple managers spent months perfecting minute features, creating a domino effect that set back other parts of the project, former construction managers say.
 
Signage required a delicate balancing act: Apple wanted all signs to reflect its sleek, minimalist aesthetic, but the fire department needed to ensure the building could be swiftly navigated in an emergency.
 
Dirk Mattern, a retired deputy fire chief who is representing the Santa Clara County Fire Department on the project, estimated he attended 15 meetings that touched on the topic.
 
"I’ve never spent so much time on signage," he said.
 
LIKE A PAINTING
 
When Apple tapped general contractors Holder Construction and Rudolph & Sletten to finish the main building in 2015, one of the first orders of business was finalizing a door handle for conference rooms and offices.
 
After months of back and forth, construction workers presented their work to a manager from Apple’s in-house team, who turned the sample over and over in his hands. Finally, he said he felt a faint bump.
 
The construction team double-checked the measurements, unable to find any imperfections – down to the nanometer. Still, Apple insisted on another version.
 
The construction manager who was so intimately involved in the door handle did not see its completion. Down to his last day, Apple was still fiddling with the design - after a year and a half of debate.
 
When construction wraps, the only fingerprints on the site will be Jobs'. Workers often had to wear gloves to avoid marring the delicate materials, said Brett Davis, regional director of the District Council 16 union for painters and related crafts.
 
"It's like a painting that you don't want to touch," he said. "It's definitely going to be something to see, if they let you in."
...


64x64

US tech firms file brief against travel ban www.nhk.or.jp

Nearly 100 US technology firms have filed a legal brief against President Donald Trump's temporary travel ban. They say it "violates the immigration laws and the Constitution."

The companies include tech giants such as Apple, Google, and Facebook. They filed the brief on Sunday with a federal appeals court in California.

These firms are protesting the executive order that temporarily prevents entry of people from 7 mostly Muslim nations into the United States.

The brief says the travel ban "inflicts significant harm on American business, innovation, and growth."

It adds that the order "disrupts ongoing business operations" and "threatens companies' ability to attract talent, business, and investment to the United States."

Immigrants from Asia and other parts of the world have long supported the IT industry in places like Silicon Valley in California and the Seattle area in Washington.

Until now, CEOs of individual firms have spoken out against the executive order, including Apple's Tim Cook and Google's Sundar Pichai. The legal brief shows the concerns spread across the whole industry.

...


64x64

Construction of Baganuur power plant commences www.news.mn

 In 2015, Ch.Saikhanbileg, former Prime Minister of Mongolia signed a memorandum of understanding with China to build a new power plant in the Baganuur district. Construction of the new power plant has now begun with the aid of the Government of China. As a part of the cooperation programme, Mongolia must be responsible for increasing the capacity of the Baganuur mine and modernising its equipment.

...


64x64

Global uncertainties push gold, producers to fresh highs www.mining.com

Gold prices built on last week’s gains and hit another 2.5-month high in early US trading Monday, boosting producers’ shares for the seventh consecutive day — the longest winning streak since August 2014.

Higher gold prices boosted producers’ shares for the seventh consecutive day — the longest winning streak since August 2014.
April Comex gold was last up $9.70 an ounce at $1,230.50, as investors — led by hedge funds —continue to flock to the yellow metal looking for safe-haven assets. Last week, gold prices rose more than 2% to score their biggest weekly percentage advance since June, according to data from Dow Jones.

The price jump has benefitted producers of the precious metal, with the NYSE Arca gold miners index, which includes nearly 50 names such as Barrick Gold (NYSE:ABX) and Newmont Mining (NYSE:NEM), up 1.6% on Monday. In the last seven day, the index has gained more than 8.5%.

Gold bears are betting that a US President Donald Trump administration will lead to strong US economic expansion, higher interest rates and a stronger dollar. Higher interest rates (after adjusting for inflation) boosts the value of the dollar and makes gold less attractive as an investment because the metal is not yield-producing and investors have to rely on price appreciation for returns.

Global uncertainties push gold, producers to fresh highs
But that narrative has begun to unwind as Trump's swift action on US trade deals began to hurt the dollar and worries about the broader geo-political impact of a Trump administration, a hard Brexit and key elections in Europe mount.

His first week in office has already shaken the markets with news of the US withdrawal from the Trans-Pacific Partnership, Trump’s renewed promise to build a wall on the Mexican border as soon as possible, and his attempts to ban more than 218 million people from seven Muslim-majority countries from entering the US, which was blocked Friday by a federal judge.

...