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      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     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    

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

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Russian Elite $29Bln Richer After Trump Election Victory www.themoscowtimes.com

Russia’s wealthiest have seen their fortunes grow by $29 billion since the election of U.S. President-elect Donald Trump in November, Forbes magazine reported Tuesday.

The country’s elite have seen their combined bank balance grow by 7.1 percent thanks to a rise in stock prices and the rapidly strengthening ruble.

Businessman Gennady Timchenko was among Russia’s wealthy beneficiaries, gaining $1.8 billion from his shares in Russian energy giant Novatek.

Timchenko, a close ally of Russian President Putin with a net worth of $15.1 billion, is believed to hold a 23 percent stake in Novatek. The company’s shares have seen a 16 percent boost since Trump’s shock victory.

Fellow Novatek investor Leonid Mikhelson also saw his net worth grow by an estimated $1.9 billion in the weeks after the election, retaining his title of Russia’s richest man. Mikhelson remains Russia’s richest man, worth $18.2 billion.

Russian billionaires aren’t the only ones to feel the benefit of the Republican candidate’s impending inauguration. According to Forbes, America’s wealthiest have also enjoyed a modest post-Trump boom of 2.8 percent.

The U.S. President-elect himself, who has taken a number of steps to distance himself from his business empire before assuming office, has a net worth of $3.7 billion.

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New technology products against air pollution introduced www.gogo.mn

With an aim to reduce air pollution, new technologies to provide households with electric heating and to improve insulation of houses and gers are being introduced. A technology fair, where over 50 companies displayed their products, opened yesterday at ‘Misheel expo’ expo hall. The Government made decision to provide ger district residents with free electricity for nighttime use and the fair has been organized to help people to choose products.
Electric heaters, air cleaning equipment, compressed fuels made of industry waste including sawdust and shell of nuts, and masks are on display. Products which developed by Mongolian engineers or co-produced with foreign companies attracted the visitors of the fair. 
 ‘Arya’ company introduced its set of insulation materials for Mongolian traditional ger. This new technology based insulation materials have been proved with tests that it keeps warm equal to 6- layer felt covering. “- The inner layer is made of aluminum laminate/shield and outer layer is of water resistant synthetic polystrol. In addition, our set contains floor insulation material, which is useable instead of wooden floor. Using the set, allows ger to get warm in short period and the warm can be kept for some 12 hours. Price of our set is MNT1.250.000, which means cheaper than traditional materials for ger warming and insulation” said director of ‘Arya’ company Z.Zoljargal. The company also offers to customers its eco-stove pipe, which impulses to complete combustion of fuels and filters smoke.
Prime Minister J.Erdenebat and Minister of Environment, Green Development and Tourism D.Oyunkhorol visited the fair and the Prime Minister promised to meet the company delegates in the near future to discuss the effectiveness of their product and how to introduce their new technology products.

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ICBC to Open Its Office in Mongolia www.montsame.mn

The Board of Directors of the Central bank of Mongolia has made a decision to grant Industrial and Commercial Bank of China /ICBC/ a permission to open its representative office in Mongolia in 2017, on January 5. According to the Banking law of Mongolia, the representative office of a foreign bank is prohibited to undertake banking activities without a license of the Bank of Mongolia. The office in Mongolia will engage in representational and administrative functions on behalf of the ICBC.

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Mongolian woman climbs all ‘Seven Summits’ www.news.mn

Mountaineer B.Gangaamaa has returned to Mongolia after successfully climbing the Mount Vinson Massif, the highest peak of Antarctica. In reaching her goal, she became the first Mongolian woman to conquer the mountain and the first Mongolian "Seven Summiteer."

At 7:15 pm (Chilean time) on Christmas Day B.Gangaamaa, who is a State Honoured Sportswoman, finally stood upon the Vinson Massif thus becoming one of the 416 Seven Summiteers from around the world.

The Seven Summits are the highest peaks of the seven continents. B.Gangaamaa's list of achievement is as follows:

In 2010, she climbed at Mount Elbrus (5642m) in Russia, the highest peak in Europe

In 2011, Mount Everest (8848m), the highest peak in Asia and the world's highest mountain.

In 2012, Mount Kilimanjaro (5895m), the highest peak in Africa.

In 2015, Mount Denali (6190m), the highest mountain in North America, until August 2015 it was known as Mount Mc Kinley.

In 2016, Mount Aconcagua (6962m), the highest peak in South America

In 2016, Mount Carstensz Pyramid (4884m), the highest peak of the Oceania

In 2016, Mount Vinson Massif (4892m), the highest peak of Antarctica

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Danish man threatens to blow up Canadian Embassy in Ulaanbaatar www.news.mn

Mongolian law enforcement officers have arrested a Danish man who allegedly threatened to explode a bomb in the Central Tower, located in the heart of Ulaanbaatar. The incident occurred on Monday 9th of January at 16:00 p.m. following an argument with an employee of the Embassy of Canada, which is located on the 6th floor of the building. Evidently, the Danish citizen wanted to see the Canadian Ambassador but was barred by the employee after which the bizarre threat was made. Central Tower security guards called the police and officers from the Sukhbaatar District Police Department quickly arrived on scene. More information is expected to emerge regarding the incident.

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‘Erdenes TT’ to sell coal for USD 59.3 per tonne www.news.mn

Erdenes Tavan Tolgoi (Erdenes TT) is to sell coal for USD 59.3 per tonne at the East Tsankhi block in first quarter of 2017. The pricing decision was made on the basis of the coal pricing index and the coal market price. In December, a Mongolian Government and Erdenes Tavan Tolgoi working group revised the agreement with TT JV Co to raise the average selling price for coal by 85% in December. The coal price will be same at the East Tsankhi block until the second quarter of 2017.

Erdenes TT plans to mine 1.1 million tonnes of coal at the West Tsankhi block, however, that is still some time off as exploration has not yet begun. The East and West Tsankh blocks will help to generate USD 100 million tax revenue in first half of 2017 and to pay off the loans to Chalco and TT JV Co.

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11th Annual International Mongolian Studies conference to be held www.gogo.mn

On the occasion of the 30th anniversary of diplomatic relations between Mongolia and USA, the 11th Annual International Mongolian Studies Conference will take place on January 27-28, at the Embassy of Mongolia to the USA and the Library of Congress of US.
The conference under the theme “Mongolia-US Relations; Past, Present and Future” will be hosted by the Mongolian Cultural Center and Embassy of Mongolia in Washington. Scholars and Mongolists from Mongolia, the US, Russia, China and Canada will attend to deliver speeches on issues of the US-Mongolia bilateral relations, history, language and literature of Mongolia and Mongolians in the USA.
Some of the speeches to be given at the event are ’30 years of US-Mongolian relations-trends’, ‘The significance of Mongolia’s third neighbor foreign policy’, ‘Contribution of Buddhist Monks for the Mongolia-US relations’, ‘Exploring the Significance of Values-based Leadership Development in Mongolian Higher Education’, ‘The First Draft of History has a Poor Memory: The Dilowa Khutughtu in American Journalism’, ‘Online News Consumption Habit in Mongolian American Community’, ‘Critical Discourse Analysis of Social Media Communication in Mongolian American Communities’ and ‘Category of ‘Unpleasantness’ in Mongolian Language.

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Alibaba leads $2.55 billion bid for Chinese retailer Intime www.reuters.com

E-commerce firm Alibaba Group Holding Ltd (BABA.N) and the founder of Intime Retail Group Co Ltd (1833.HK) have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.

Alibaba Investment Ltd and Shen Guo Jun have offered HK$10 per Intime share. That would represent 42.25 percent more than the stock's last price of HK$7.03 on Dec. 28 when trading was suspended pending an announcement. The stock price surged 35 percent when trading resumed on Tuesday.

The Alibaba group currently holds 27.82 percent of Intime while Shen owns 9.17 percent. The pair plan to finance the purchase through internal cash resources and external debt financing.

Intime said in a statement to Hong Kong's stock exchange that Alibaba and Shen planned to explore development opportunities and implement a series of long-term growth strategies, which could affect its short-term growth.

"We don't divide the world into real or virtual economies, only the old and the new," said Alibaba Group Chief Executive Officer Daniel Zhang in a separate statement. "Those who cling on to the old ways of retailing will be disrupted."

"Our combination with Intime will enable us to tap into the long-term growth potential of a new form of retail in China powered by Internet technology and data," Zhang said.

China's retail sector is worth $4.5 trillion and is growing at 10.7 percent a year, Alibaba said. The e-commerce firm also said it was working with offline retailers to create a new shopping experience.

Alibaba initially took a stake in Intime in 2014 with an investment of $692.25 million.

Intime operates 29 department stores and 17 shopping malls in China, mainly in so-called first- and second-tier cities. In August, it posted a 21.3 percent fall in first-half profit amid declining sales, saying e-commerce had transformed the competitive landscape.

Separately, Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out his firm's plan to bring a million small U.S. businesses onto its e-commerce platform to sell to Chinese consumers over the next five years.

(Reporting by Donny Kwok; Editing by Anne Marie Roantree and Christopher Cushing)

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Gildan wins American Apparel auction with $88 million bid - source www.reuters.com

Canadian apparel maker Gildan Activewear Inc (GIL.TO) has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday.

Gildan will not take any of American Apparel's stores, but will own its brand and assume some of its manufacturing operations, the source said. The deal is subject to a bankruptcy judge approving it on Thursday, the source added.

American Apparel declined to comment, while Gildan did not immediately respond to a request for comment. The source asked not to be identified because details of the bankruptcy auction are confidential.

The auction for the retailer, famous for its sexually-charged advertising, also attracted an offer from California-based apparel maker Next Level Apparel, a source said earlier on Monday. However, Gildan won after raising its original $66 million stalking horse bid, the source added.

The bankruptcy auction also attracted interest from e-commerce giant Amazon.com Inc (AMZN.O), competitor Forever 21 Inc and brand licensor Authentic Brands Group LLC, which led a consortium to acquire Aeropostale Inc (AROPQ.PK) out of its bankruptcy last year, sources said last week.

American Apparel's struggles show the major challenges facing brick-and-mortar retailers as more consumers shop online.

Gildan plans to assume ownership of American Apparel's manufacturing plants in southern California, one of the largest garment-making operations in the United States with about 3,500 employees, sources have previously said.

The bulk of Gildan's manufacturing takes place in the Caribbean and Central America.

American Apparel filed its second Chapter 11 in November with about $177 million in debt after the failure of a turnaround plan implemented by its owners, a group of former bondholders. The company filed its first Chapter 11 in October 2015, and emerged early last year.

(Reporting by Jessica DiNapoli; Editing by Bernard Orr and Richard Pullin)

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Prototypes of Razer triple screen gaming laptop stolen www.bbc.com


The concept devices from gaming company Razer boasts three 4K screens and is said to be the first portable laptop of its kind.
Razer said the devices were taken from its press room on Sunday.
Chief Executive Min-Liang Tan said that his company was treating the case as "industrial espionage".
A Razer spokesperson said it was offering $25,000 for any "original information leading to the identification, arrest and conviction" of those allegedly involved in the crime.
"Our teams worked months on end to conceptualise and develop these units," he said in a post on his official Facebook page.
"It is cheating, and cheating doesn't sit well with us. Anyone who would do this clearly isn't very smart."

Headquartered in California, Razer was founded by Singaporean entrepreneur Min-Liang Tan.
The brand enjoys a cult status among the gaming community, who favour its sleek product designs and innovative offerings.
Gamers from around the world expressed their excitement about the device which is part of the firms Project Valerie.
"Razer always finds a way to outclass other brands. No offense to people who like other products," said Jason Vicencio.
"This device is a dream come true for every gamer on the go, no more having to cram graphics and line of vision into just one screen," commented Artie Derilo.
"I would love to open this up on an airplane while sitting in the middle seat," joked Marvin England
But other Facebook users like Malachy Hamilton questioned its design.
"What's the point in three screens? The point of a laptop is portability and being able to do work and some light gaming on the go," he said.
"For this, you'd need a beefy battery which would increase the weight, therefore making it less of a laptop."
Project Valerie is still a prototype and Razer has not yet published a possible release date or price.

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