1 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      2 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      3 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      4 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      5 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      6 EIGHT COMPANIES ANNOUNCE TO DISBURSE DIVIDENDS SO FAR WWW.ZGM.MN PUBLISHED:2019/02/20      7 MONGOLIA'S PROSTITUTION ZONES, WHERE WOMEN TRADE SEX FOR FUEL IN SUB-ZERO TEMPERATURES WWW.TELEGRAPH.CO.UK PUBLISHED:2019/02/20      8 MONGOLIA TO SUSPEND KFC OUTLETS FOR INQUIRY AFTER FOOD POISONING REPORTS WWW.CNBC.COM PUBLISHED:2019/02/20      9 MIAT TO FLY BETWEEN ULAANBAATAR AND GUANGZHOU WWW.NEWS.MN PUBLISHED:2019/02/20      10 NEW BOOK ABOUT MONGOL EMPIRE’S IMPACT ON ISLAM WWW.NEWS.MN PUBLISHED:2019/02/20      УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20     II/19-НИЙ ДОТОР 24 ХК НОГДОЛ АШИГ ОЛГОХТОЙ ХОЛБООТОЙ ШИЙДВЭРЭЭ ГАРГАЖ , СЗХ-НД ХҮРГҮҮЛСЭН БАЙНА WWWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     ӨНГӨРСӨН САРД 23.9 МЯНГАН ЖУУЛЧИН ХҮЛЭЭН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ЭРЧИМ ХҮЧНИЙ ИМПОРТ БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ТАТВАР ТӨЛДӨГ 191 МЯНГАН ААН-Н 95.9 ХУВЬ НЬ БИЧИЛ БИЗНЕС ЭРХЭЛДЭГ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     НИЙТ НУТГИЙН 70 ОРЧИМ ХУВЬ НЬ ЦАСТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/20     ХАНБОГД-ОЮУТОЛГОЙГ ХОЛБОСОН ЗАМЫН НЭЭЛТ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2019/02/20     ЗГҮЦ-ЫН АНХДАГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА МХБ-ИЙН ҮЙЛ АЖИЛЛАГААНЫ ОРЛОГО БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19     “TEMASEK HOLDINGS” КОМПАНИ “TRQ” ДЭХ ЭЗЭМШЛИЙН ХУВИА 28 ХУВИАР БУУРУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19    

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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Alibaba’s Jack Ma sees ‘Belt and Road’ as more inclusive globalization www.rt.com

 
China's ambitious investment project, part of its 'One Belt, One Road' strategy, is uniquely effective and inclusive, according to a Chinese billionaire and Alibaba founder Jack Ma.
“The greatest difference between the Belt and Road Initiative and general globalization lies in the inclusion of young people, women, smaller enterprises and developing countries. It aims to reach more people. This is both a responsibility and an opportunity,” the billionaire said in an interview with the People’s Daily on the sidelines of the Belt and Road Forum for International Cooperation.
 
The Alibaba founder praised the vision of Chinese President Xi Jinping, saying the project was an excellent opportunity for individuals and countries.
 
Beijing has pledged over $100 billion to finance projects under the investment initiative.
 
The 'One Belt, One Road' strategy aims to strengthen China’s influence and trade links to the rest of the world, as well as to boost the economy’s investment, according to the Chinese president.
 
“China will endeavor to build a win-win business partnership with other countries participating in the Belt and Road Initiative. These efforts are designed to promote growth both in our respective regions and globally,” Xi Jinping said in his opening speech at the forum.
 
Alibaba’s CEO supported the strategy and points out its goals mirror his proposal for an Electronic World Trade Platform (eWTP), and eRoad made last year at the Hangzhou G20 summit.
 
“Last year I spent more than 820 hours traveling all across the globe to gain insight into the world. It is important to be there, observe and think. We want to do something different. Instead of simply selling our products to Belt and Road countries or importing cheap labor and raw materials, we want to create jobs, stimulate overseas economies and improve people’s livelihoods,” said Ma.
 
Once the eWTP is established, young people from all over the world will be able to buy and sell products globally with just a smartphone in their hands, according to the Alibaba boss.
 
Jack Ma managed to launch the first overseas eWTP hub in Malaysia in ten minutes thanks to a partnership with the Malaysian authorities.
 
“I was convinced by the Malaysian officials that the project could be completed in three months, on a scale much bigger than those in the past three decades,” he said.
 
“We are already a global leader in mobile payment, and we are ready to share our technology with developing countries. We have not only invested large sums of money in these countries, but we have also dispatched our technicians there to help,” said Ma, who also founded payment platform Alipay and online shopping website Taobao.
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Russia-China trade to hit $80bn by 2018 www.rt.com

 
Trade between China and Russia is growing and will reach $80 billion by the end of the year, Chinese Commerce Ministry spokesman Shen Danyang told TASS on the sidelines of the 'One Belt, One Road' forum in Beijing.
 
Russian President Vladimir Putin is participating in the forum dedicated to regional integration and cooperation between Asian countries. He arrived in Beijing on Sunday at the invitation of Chinese President Xi Jinping.
 
According to the Russian president, the creation of a belt of economic development and trade between Asia and Europe is an urgent and important initiative that takes into account the trends in the world economy.
 
Asked if there's a risk the Chinese economy could swallow Russia, President Putin said Russia is not a fearful country, adding that this is not China's strategy. The Russian president stressed that Moscow would only sign agreements with Beijing which are mutually beneficial.
 
The Chinese spokesman said that "in the first four months of this year, Russian-Chinese trade grew at a very fast pace and its turnover increased by 26 percent to almost $25 billion.”
 
He added that "Russian exports to China rose by 33 percent in January-April while deliveries of Chinese goods to Russia expanded by 22 percent.”
 
The official also said food exports from Russia to China are growing at the quickening pace. “Due to the fall of world prices, China has also started to build up the imports of energy products from Russia,” he added.
 
In 2016, trade between Russia and China grew by 2.2 percent to $69.5 billion. In the first four months of this year, bilateral trade totaled to $24.73 billion.
 
Earlier, Russian Prime Minister Dmitry Medvedev said Moscow and Beijing would make additional efforts to increase bilateral trade to $200 billion in next 3-7 years. He said preferential trade rules between the countries are being considered, which would increase the use of national currencies in settlements.
 
The sides also plan a joint Russia-China Venture Fund to develop trade, economic investment, and scientific cooperation between the countries.
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Stock exchange weekly review (May 8-12) www.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the period between May 8 and 12, 2017, MSE conducted 5 trading sessions with a total value of MNT 14,908,204,438.22. The daily average trading valued at MNT 2.8 billion.
 
Stock trading:
229,108 shares of 42 listed companies with a total value of MNT 168,887,984.22 were traded.
 
Government retail bonds trading:
150,000 government retail bonds with a total value of MNT 13,723,700,000 were traded through one trading session.
 
9,729 government retail bonds with a total value of MNT 908,771,000 were traded on secondary market through 13 trading sessions.
 
As of May 12, 2017, the market capitalization valued at MNT 1,431,129,669,085.37 and “MSE ALL” index decreased by 1.88% to close at 822.61 units.
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Oyu Tolgoi signs power agreement with National Power Transmission Grid of Mongolia www.ot.mn

 
Oyu Tolgoi LLC today announced the signing of a new power purchase agreement (PPA) with the National Power Transmission Grid (NPTG) of Mongolia.
 
Armando Torres, Chief Executive Officer of Oyu Tolgoi, said, “This is an important milestone for Oyu Tolgoi, and underscores the strong support and collaboration between the Government of Mongolia and Oyu Tolgoi – securing our future, and our long term contribution to Mongolia.”
 
“This agreement gives us access to reliable power to ensure the uninterrupted development of our business, while we continue to work with the Government on establishing a permanent domestic power source. This agreement is the culmination of two years of collaborative work by a joint negotiation team from the Government of Mongolia and Oyu Tolgoi, and is a great example of continuing successful strategic cooperation.”
 
The PPA between Oyu Tolgoi and the NPTG was executed on the back of the import arrangement between NPTG and the Inner Mongolia Power International Cooperation Co. Ltd (IMPIC).
 
The Government of Mongolia and Oyu Tolgoi signed the Southern Region Power Sector Cooperation Agreement (SRPSCA) in August 2014, committing to work together to source bridging power from Inner Mongolia.
 
In accordance with the SRPSCA and Oyu Tolgoi’s Investment Agreement commitments, Oyu Tolgoi remains committed to domestic source of electricity and is deeply engaged with the relevant Government authorities and government selected investors to progress the development of a domestic power plant.
 
The new arrangement will take effect on 4 July, 2017 for a term of up to six years, with possibility of early cancelation after the fourth year, if a domestic power plant is commissioned earlier.
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Cambodia, Mongolia To Strengthen Cooperation www.akp.gov.kh

 
Cambodian and Mongolian premiers agreed to further tighten their ties of friendship and cooperation, during their bilateral talks on the sidelines of the “Belt and Road Forum for International Cooperation” in Beijing, China this morning.
 
According to the official Facebook page of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, H.E. Erdenebat Jargaltulga, Prime Minister of Mongolia, suggested the exchange of visit, especially between the private sector such as small- and medium-sized enterprises.
 
The Mongolian leader spoke highly of Samdech Techo Hun Sen’s leadership and asked him to share Cambodia’s experience in the establishment of free market and special economic zones in a partnership with China. Moreover, he sought the Kingdom’s support to Mongolia’s candidacy as a member of East Asia Summit (EAS) and of ASEAN dialogue partnership.
 
For his part, Prime Minister Hun Sen proposed both sides to create a joint committee to work on the strengthening of bilateral cooperation between the two countries, but, he said, a memorandum of understanding on investment protection needs to be signed before the establishment of the committee.
 
The Cambodian premier requested the Mongolian side to buy Cambodian rice and to study which products it can export to Cambodia.
 
He also expressed Cambodia’s delight to share experience on Cambodia-China free market, and pledged to discuss with other ASEAN member countries over Mongolia’s request to be member of EAS and ASEAN dialogue partnership. Anyway, he said, ASEAN always encourages, strengthens and expands such partnership cooperation.
 
Besides, Samdech Techo Hun Sen accepted H.E. Erdenebat Jargaltulga’s invitation to pay a visit to Mongolia at an appropriate time.
 
Cambodia and Mongolia established their diplomatic relations in 1950.
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PH, Mongolia to develop new areas of cooperation www.news.mb.com.ph

 
BEIJING — The Philippines and Mongolia have agreed to revitalize bilateral relations and develop new areas of cooperation such as trade and investment, agriculture and tourism.
 
The agreement was reached during the “interesting and productive” meeting between President Duterte and Mongolian Prime Minister Jargaltulgyn Erdenebat on deepening bilateral ties at the Grand Hyatt Hotel on Sunday, May 14.
 
“Our bilateral relationship is still very young with Mongolia. It’s still not very well-developed. This also means that there’s a lot of potential,” Evangeline Ong Jimenez-Ducrocq, executive director of the Department of Foreign Affairs-Asia and Pacific Affairs.
 
“The President and the Prime Minister, they spoke about how to develop these areas of cooperation. For example, in agriculture, in tourism, in trade and finance,” she added.
 
The two leaders also talked about enhancing political and institutional relationships, apart from Association of Southeast Asian Nations (ASEAN) and other regional developments during their bilateral meeting,
 
“We have a regular meeting between foreign ministries. So I think both sides are very interested to institutionalize this relationship among, between foreign ministries,” Ducrocq said.
 
The two sides agreed to hold exchange of visits among the senior officials of their respective countries in order to explore opportunities to expand economic, political, and cultural ties.
 
Erdenebat, for his part, said that Mongolia looked forward to convening the next round of consultations in order to review and strengthen the cooperation of the two sides.
 
On peace and security situation in the region, Ducrocq said the President expressed his view “that peace is better served when there is more participation by stakeholders in the region.” Mongolia is an important stakeholder, she added.
 
“These are generally the lines that they discussed. It was a very interesting and productive meeting because it’s a young partnership and there’s a long way to go, there’s a lot of potential,” she said.
 
She said both leaders also extended invitation to visit each other’s countries but details will still be worked out.
 
“I believe that was raised and of course, those kinds of invitations will have to go through channels for that (to) be properly processed,” she said.
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Mongolia sees light over 'New Silk Road' www.aljazeera.com

 
The government of landlocked Mongolia is hoping China’s so-called “One Road, One Belt” project - will prove beneficial by expanding its railway system.
 
It builds on the old Silk Road for increased trade and business links.
 
China, Mongolia and Russia are discussing plans that include developing Mongolia’s railways and opening new cross-border rail links.
 
Al Jazeera's Pearly Jacob reports from Ulaanbaatar.
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China to provide CNY 2 billion grant in the next three years www.mongolia.gogo.mn

 
Prime Minister of Mongolia J.Erdenebat paid a courtesy call on President of the People's Republic of China, Xi Jinping today.
At the meeting, two parties expressed their willingness to take Mongolia and China`s strategic partnership to a new level, enriching with actual content.
MONGOLIA AND CHINA TOGETHER NEED TO BENEFIT FROM WORLD DEVELOPMENT
President of the People's Republic of China, Xi Jinping stated: "Since my official visit to Mongolia in 2014, our two countries implemented many works together and achieved clear results. China and Mongolia`s relation must be strengthened in further". He highlighted that China and Mongolia together need to benefit from world development.
Due to Mongolia is standing in the middle of "Belt and Road" initiatives, the country has potential to be fully developed by participating the initiatives. In regards, two countries agreed to integrate "Steppe road" and "Belt and Road" initiatives, considering it as an opportunity to develop and broaden partnership between two countries.
Prime Minister of Mongolia J.Erdenebat noted that relation with China is a priority of our foreign policy and expressed the country`s position on some major projects and programs on trade, economy, development near borders and infrastructure that can be implemented by two countries.
Two parties mentioned that it needs to increase trade turnover between two countries and improve trade structure.
CHINA TO PROVIDE CNY 350 MILLION GRANT TO MONGOLIA
The Chinese side expressed their readiness to support Mongolia on overcoming its temporary economic difficulties. China announced to bring funding ratio of USD one billion grant that issued at the first stage in terms of economic cooperation to 95 percent from 85 percent. Earlier, China agreed to extend the term of the swap agreement that established between the Bank of Mongolia and the People's Bank of China.
This time, China will provide CNY 350 million grant to Mongolia. In addition, China promised to provide CNY 2 billion grant to Mongolia in the next three years.
The Chinese side expressed their readiness to cooperate Mongolia on agricultural sector with a wide range. At first, two countries will focus on improving meat supply and improve the health of livestock. At the same time, both sides agreed to focus on expanding operations of border crossings, increasing the capacity of its entrance and bring international status for some border crossings in near future.
"Cooperating on comprehensive development of mining projects such as Tavantolgoi and construction of railways, power stations, copper concentrator plant based on Oyu Tolgoi mine will be consistent with national development strategies of two countries", said Mr Xi Jinping.
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GEC rejects MPRP Nominee N.Enkhbayar www.montsame.mn

 
Ulaanbaatar /MONTSAME/ On May 14, Sunday, General Election Commission registered the presidential nominees of ruling Mongolian People’s Party and Democratic Party. On the other hand, the commission rejected Mongolian People’s Revolutionary Party’s Chairman, presidential nominee N.Enkhbayar.
 
The commission rejected the documents of former President N.Enkhbayar on the grounds of three faults. The first reason is submission of incomplete documents. Secondly, presidential nominee N.Enkhbayar’s imprisonment sentence ends on August 2. Lastly, Law of Mongolia on Election regulates that a presidential candidate must have resided in the country for the last 5 years preceding the election day, and N.Enkhbayar didn’t reside in Mongolia for 13 months during the last 5 years, specifically from August 13, 2013 to October 9, 2014.
 
As such, MPRP nominee N.Enkhbayar attended the General Election Commission’s meeting on May 14 regarding the presidential candidates to give explanations as some supporters of the party gathered outside the building of General Election Commission to demand the registration of their nominee.
 
In cases of objections to registering a nominee, the election law regulates that the party can either submit the pending documents or propose a different nominee. May 17 is the day General Election Commission publicly announces the names of presidential candidates and May 27 is the day the candidates are presented with their certificates.
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Western Digital seeks arbitration in row over Toshiba's $18 billion chip sale www.reuters.com

 
Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp (6502.T) from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate.
 
California-based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in Japan. It is bidding for Toshiba chip's business, but is not seen as a front-runner, as its offer has been trumped by Taiwan's Foxconn (2317.TW) and U.S. chipmaker Broadcom (AVGO.O), according to a source familiar with the matter.
 
In the early hours of Monday, Western Digital said it had initiated arbitration procedures with the International Chamber of Commerce International Court of Arbitration, demanding Toshiba reverse a move to put its joint venture assets into a hived out entity - Toshiba Memory - and that it stop an all-out sale without consent from Western Digital unit SanDisk.
 
Toshiba argues that under their joint venture contract, neither party can block a change of control by the other partner. It argues Western Digital itself acquired the joint venture interest when it bought SanDisk, and never sought or received Toshiba's approval.
 
Western Digital, however, claims that Toshiba is breaching their contract.
 
"Toshiba's attempt to spin out its joint venture interests into an affiliate and then sell that affiliate is explicitly prohibited without SanDisk's consent," Western Digital chief executive officer Steve Milligan said in a statement.
 
"Seeking relief through mandatory arbitration was not our first choice in trying to resolve this matter. However, all of our other efforts to achieve a resolution to date have been unsuccessful, and so we believe legal action is now a necessary next step."
 
A Toshiba spokesman had no immediate comment on the legal action.
 
Toshiba, battered by billions of dollars in cost overruns at its now bankrupt U.S. nuclear business, is desperately trying to accelerate the sale of its semiconductor business - the world's second biggest NAND flash memory chip producer.
 
An arbitration process could drag out for months or longer, putting Toshiba's presence on the Tokyo Stock Exchange in jeopardy, as it needs cash from the chip unit sale to bulk up its shareholder equity and stay listed.
 
The dispute could also derail Toshiba's financing plans, as it hopes to offer the stake in its memory chip unit as collateral for new loans from major lenders, a measure that the lenders say also requires Western Digital's approval.
 
Shares in the group, which is expected to publish unaudited full-year results as early as Monday, were up 5 percent in early trade, helped by news that progress towards capping its liabilities in the United States was being be made.
 
The owners of the unfinished Vogtle power plant in Georgia led by Southern Co (SO.N) have to come to a preliminary agreement to cap Toshiba's responsibility for its guarantees on the much-delayed nuclear project at about $3.6 billion, people familiar with the matter said on Sunday.
 
Toshiba values its chip unit at least 2 trillion yen. It believes that a consortium of U.S. private equity firm KKR & Co LP (KKR.N) and Japanese government-backed investors would be the most feasible buyer for the chips business, sources with direct knowledge said last week.
 
The Japanese government has proposed that Western Digital join their consortium as a minority investor, but the U.S. company has said it needs to take control of the unit in order to be fully in charge of operations, separate sources have said.
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