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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New regulations looming for bitcoin trading in China www.rt.com

 
Beijing is expected to issue new rules for bitcoin trading in China next month as the cryptocurrency’s price on the country’s trading platforms keeps hitting new highs.
 
Bobby YipBeijing threatens to shut down bitcoin exchanges
According to a Beijing-based media company Caixin citing anonymous sources; the People’s Bank of China (PBOC) is considering two regulations on the management of bitcoin trading platforms to prevent them from becoming money laundering sites.
 
Analysts say the new measures may apply to foreign exchange and financing activities. Bitcoin traders may also be required to register with their real names.
 
The regulator recently inspected domestic trading platforms after warning they risk being closed if found violating the country’s currency regulations. It is attempting to curb capital outflow following fears of continued weakness in the domestic currency.
 
“There needs to be a clear bottom line for the management of bitcoin trading platforms and websites. A blacklist should also be set up. Activities such as trading or financing on margin and market measures such as commission-free trading must be banned,” said Zhou Xuedong, Operations Director at the PBOC.
 
China accounts for about 90 percent of all bitcoin trading on exchanges. The country has strict capital controls, which makes it difficult for Chinese citizens to convert the yuan into foreign currency and limits the amount of cash investors can move abroad.
 
This has pushed Chinese investors to use the digital currency as a way to circumvent capital controls and minimize risk from the falling value of the domestic currency.
 
Demand for the virtual currency in China has been rising recently. As the world’s best-performing currency, bitcoin, set a new all-time high on Thursday, trading at over $1,800 to the US dollar.
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Mongolia to expand mine exploration www.akipress.com

AKIPRESS.COM - The Mongolian Mining Minister has announced that exploration in the country will be expanded, with the hope of attracting international investment and growing the economy, reports news.mn.

Mongolia is a mineral-rich country boasting large copper, gold and coal deposits; however, until recently just 9.6% of its land was available for prospecting. But this is about to change, as the Mongolian Mining Minister Dashdorj Tsedev announced in early March that 20.9% of the country will soon be opened up for exploration.

This will allow Mongolia to profit from its estimated 162 billion metric tonnes of coal, an amount which puts it within the top 15 coal rich countries in the world. The coal is distributed across 1.5 million sq km relatively evenly, but it differs in quality. The biggest proven reserve lies within the South Gobi desert where 6.4 billion tons of coal is located, of which 40% is high quality coking coal making it a likely key area for further exploration.

As well as coal, more than 120,000 tons of copper are mined in Mongolia annually, which will increase as the metal becomes an ever more sought after resource. The country is ranked 12th in the world for copper researches, with 35 million tonnes (Mt) of copper located in the South Gobi desert alone.

Mongolia is seeking to shore up its economy following an International Monetary Fund (IMF) led bailout earlier this year. A stabilisation package of $5.5bn is being provided by the Asian Development Bank, World Bank and bilateral partners, including Japan and South Korea and the People’s Bank of China.

Oyu Tolgoi is one of the biggest copper-gold mines in the world, but there are several other well-established deposits in Mongolia yielding these minerals, including Centerra Gold’s Boroo mine. Alongside these are many coal mines where mostly coking coal is excavated. According to the Mongolian Government Agency for Land Minerals and Oil, coal production and exports are already up this year, and “mining increasing by 165.8% compared to the same period last year, sales by 203.56% and export performance by 48.5%”.

Currently, Mongolia generates 95% of its energy from coal, making it an essential resource. 60% of the Mongolian population lives within the capital city, Ulaanbaatar, the constant development of which requires increasing amounts of energy ensuring its coal reliance continues.

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Mongolia: Constitutional Reform Discussed www.loc.gov

(May 10, 2017) On April 29 and 30, 2017, Mongolia held a “deliberative polling” event to discuss constitutional reform. Although no decisions were made, several recommendations were issued, including a proposal to restructure the current unicameral legislature, the Great State Hural. The 76-member Great State Hural is described in the Constitution as “the highest organ of State power” with exclusive legislative authority. (Mongolians Discuss Constitutional Reform, NEWS.MN (May 1, 2017); Mongolia’s Constitution of 1992 with Amendments Through 2001 (Constitution), arts. 20 & 21(1), CONSTITUTE PROJECT.)

The April event was the first such deliberation on constitutional reform in Mongolia. The participants, 740 in number, were randomly selected. (Mongolians Discuss Constitutional Reform, supra.) “Deliberative polling” is a form of political consultation that consists of a random group of citizens from all walks of life coming together to discuss issues of national importance, with the goal of assisting lawmakers in their decision-making. (Id.; see also Sean Gray, Deliberative Polling, PARTICIPEDIA (Nov. 6, 2009).)

The recommendations made last month include:

maintaining the current balance of power between the legislature and the executive branches of government;
strengthening the unity of the country;
consolidating how local administration is structured;
developing a professional, independent civil service;
strengthening the judiciary to improve the legal structure; and
creating a bicameral legislature that would include the State Great Hural and the State Congress. (Mongolians Discuss Constitutional Reform, supra.)
Mongolia’s current Constitution was adopted in 1992 and was amended in 1999 and 2001. (Constitution.) It specifies that amendments can be made through a two-step process. Proposed amendments are submitted to the legislature by the Constitutional Court. If supported by at least two-thirds of the legislature, the proposed amendment is voted on in a national referendum. (Id. art. 68.)

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BHP Billiton puts Cerro Colorado copper mine in Chile on the block www.mining.com

 
BHP Billiton (ASX:BHP) (LON:BLT) confirmed Wednesday it had begun a sale process for its Cerro Colorado mine, one of its smaller Chilean copper operations, though it said it’s just evaluating the options and that no decision have been made.
 
Workers at the operation, in the northern Tarapacá Region, temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs, local paper El Mercurio reports (in Spanish).
 
Markets rumours point at Chile's Empresas Copec, an oil major trying to diversify into copper, and Canada’s Lundin Mining (TSX:LUN) as possible buyers.
 
From the 5.5 million tonnes of copper top producer Chile generated last year, Cerro Colorado contributed 74,000 tonnes. The operation, part of BHP’s Pampa Norte division, is estimated to run out of ore by 2023.
...


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Development road program backed www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On May 10, the cabinet approved the Development Road Program, which will aim at intensifying the developments in sectors of road, transport, energy, communication, mining, industry and tourism, connecting Mongolia with other countries by better infrastructure, eliminating trade barriers and reducing transport costs of goods.
 
Related ministers were tasked to reflect general guidelines of actions and annual expenditures into the Government Budget, plan of foreign governments’ and international organizations’ credits and assistances, and to seek to raise funds from public and private partnerships.
 
The government expects from implementation of the program an increased investment in infrastructural projects and community developments, upgrade of extractive industries, increased amount of workplaces, improved living condition and increased GDP.
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Investment management company to be established www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on May 10, Wednesday, the Cabinet assigned Chairman of Board of Development Bank to establish and adopt the regulations for a subsidiary under the bank, designated to generate investment funds which will finance projects augmenting economic growth.
 
By generating an investment fund, the Cabinet views, value-added production and new services based on mining, agriculture, food and light industry will be facilitated, increasing employment.
 
In addition to loan repayment risks, there are necessities to expand the middle-class; increase saving; manufacture value-added products, including supporting export of agriculture and light industry sectors; improve mining infrastructure and diversify the economy which lead to the establishment of the investment fund.
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Softbank's profit surges www3.nhk.or.jp

 
Telecom giant Softbank Group has logged a record net profit in fiscal 2016, which ended in March. Its officials say strong performance of the group's domestic operation drove the result.
 
Sales were about 78 billion dollars. That's up slightly from the level for the previous year.
 
Net profit tripled to 12.5 billion dollars. It's the first time the figure topped 1 trillion in yen terms.
 
Executives say earnings were also boosted by the sale of part of the firm's stake in the Chinese online retail giant Alibaba Group.
...


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Tesla starts taking orders for premium solar roofs www.reuters.com

 
Tesla Inc (TSLA.O) on Wednesday began taking orders for its solar roof tiles, a cornerstone of Elon Musk's strategy to sell a fossil-fuel-free lifestyle under the brand name of its luxury electric vehicles.
 
Tesla said the product, which generates solar energy without the need for traditional rooftop panels, will be pricier than a conventional roof but will look better and ultimately pay for itself through reduced electricity costs.
 
The solar roof tiles were unveiled in October as Musk sought to convince shareholders of the benefits of combining his electric vehicle maker with SolarCity, the solar installer run by his cousins.
 
Tesla acquired SolarCity in November, and has been working to remake a money-losing company that was selling traditional solar systems into a premium energy brand. To date, other companies have had little market success with attempts to incorporate solar technology directly into roof tiles. It remains unclear whether the products will appeal to consumers as much as Tesla's electric vehicles do.
 
To get in line for a solar roof, homeowners must put down a $1,000 deposit via Tesla's website. There, they can also calculate the estimated upfront cost of a solar roof.
 
A 1700-square-foot roof in Southern California, with half the roof covered in "active" solar tiles, would cost about $34,300 after a federal tax credit, according to the calculator. Tesla estimates such a roof could generate $76,700 of electricity over 30 years.
 
The company said its solar roofs would cost between 10 and 15 percent less than an ordinary new roof plus traditional solar panels.
 
But Jim Petersen, chief executive of PetersenDean Inc, which installs about 30,000 new roofs plus solar a year, estimated that a 1700-square-foot roof with new solar panels, including the tax credit, would cost about $22,000, well below the Tesla website's estimate. Costs vary depending on roof type.
 
Glass tiles will be available in the United States later this year, beginning with gray smooth glass and black textured glass versions, Tesla said. Slate and Tuscan styles will be introduced in 2018. Overseas markets will receive the products next year.
 
Tesla said it expects the product to be popular in locations beyond where its SolarCity subsidiary currently operates, and plans to expand installation crews accordingly.
 
Tesla will manufacture the tiles at its solar factory in Buffalo, New York. Production will start "very slowly," Musk told reporters on a conference call, adding he expects robust demand.
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ISDEF Expo 2017 - Israel www.mongolianbusinessdatabase.com

We are happy to announce that WE WILL BE EXHIBITING at ISDEF 2017, which will take place on June 6th-8th at the Tel-Aviv Convention Center, Israel.

ISDEF 2017 is a great opportunity to see our new products, meet with colleagues and business partners, get acquainted with the latest and newest in defense and homeland security technology and more. 

Please contact us at 77109911, 98994787, 99066062 or contact@mongolianbusinessdatabase.com for more information and registration.

 
 
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Labour selects John Grogan to contest Keighley seat at General Election www.keighleynews.co.uk

(Mr.John Grogan is the Chairman of Mongolian-British Chamber of Commerce, very close business partner/"friend" of MBD and its business delegations to UK)

- JOHN Grogan is to reprise his battle to wrest Keighley from Tory control.

He has been selected by Labour to contest the Parliamentary seat at the General Election, on June 8.

In 2015, he failed in his bid to unseat sitting Conservative MP Kris Hopkins, who was returned with a 3,053 majority.

But Mr Grogan said this week he was confident the polls nationally would tighten in the coming weeks and that he was looking forward to a "robust but civilised" campaign.

"I'm delighted to be standing again in Keighley," he said.

"I was asked to put forward my name in a couple of safe Labour seats, but I wanted to stand my ground and fly the party flag in Keighley and Ilkley once again.

"The constituency is 23rd on the national list of target seats for Labour and if we are to get rid of the Conservative majority in Parliament, it is crucial that it is a Labour gain on June 8."

Mr Grogan said he first campaigned for Labour in Keighley in 1979, when the late Bob Cryer stood and took the seat by just 78 votes.

And he began his latest campaign today with the constituency's last Labour MP, Ann Cryer, exactly 20 years after her election victory and the party's national success.

Mr Grogan, 56, who lives at Burley-in-Wharfedale, was MP for Selby from that same year until 2010.

"When we were in Parliament together Ann and I voted the same way on 95 per cent of votes," he said.

"As we remember that great victory in 1997 we of course are also looking forward to the coming campaign.

"I anticipate some robust discussions on policy in the next five weeks, but I'm sure the local campaign will be civilised and courteous as it was last time.

"I expect the national polls to tighten as the campaign goes on and electors begin to look beyond the Conservatives' mantra of 'strong and stable'.

"There is not much stability in Keighley's schools at the moment, for example, as they face very significant cuts in funding.

"In the coming weeks I will set out Labour's policies for Keighley and Ilkley regarding education, health, transport, Brexit and housing."

On the issue of party leader Jeremy Corbyn, Mr Grogan said neither he nor Mrs Cryer had voted for him in the leadership contest.

But he added: "I think he has made a strong start to the campaign.

"Both of us know his many qualities from our time working together on the backbenches on issues such as Iraq."

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