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

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MBD Business offers #12 www.mongolianbusinessdatabase.com

MBD provides the services like to facilitate the specific market research, shortlist/recommend the potential "players" in the market, assist to penetrate into Mongolian or/and foreign market, organize a business events in Mongolia or abroad and professional communication support among the interested business partners.
As you know, we do pack and share the business offers regularly.
Please review the following MBD business offers package number 12 and feel free to visit www.mongolianbusinessdatabase.com for more information on each offer and contact us.
MBD Admin: contact@mongolianbusinessdatabase.com
976 77109911, 976 98994787, 976 99066062

Industry solutions(Singapore)
Seeking a partner

Production of oil, gas,electricity(Germany,Estonia)
Seeking a partner

Construction machinery spare parts(China)
Seeking a partner

Support your business growth(India)
Seeking a partner

Flexible financial packages(United Arab Emirates)
Seeking a partner

Instant noodles, instant coffee(Vietnam)
Seeking a partner

Mask (Japan)
Seeking a partner

Automotive machines manufacturer(China)
Seeking a partner

Helicopters sale, rent and service (New Zealand)
Seeking a partner

Building materials-CSA cement(China)
Seeking a partner

Used heavy machinery and equipment (USA)
Seeking a partner

Water-based ink (PR China)
Seeking a partner

Agricultural Machinery(Turkey)
Seeking a partner

Underfloor heating film solutions(S.Korea)
Seeking a partner

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Samsung may emerge as the largest recruiter from IITs this year www.economictimes.indiatimes.com

 
NEW DELHI | MUMBAI: Samsung is set to emerge the top recruiter from IIT campuses this year with plans to hire more than 300 engineers from the country’s premier technology institutes.
 
The South Korean mobile phone and electronics major is leading the race in terms of making maximum offers in at least three Indian Institute of Technology (IIT) campuses after the first eight days of final placements this year.
 
Other big recruiters that have made a large number of offers so far across IITs include EXL, Reliance IndustriesBSE 0.61 % (RIL) and Capgemini. Despite facing a rough time globally since the first reports of the Note 7 catching fire came to light in early September, Samsung is in aggressive hiring mode.
 
A Samsung India spokesperson said the company plans to hire over 300 engineers from the IITs this year for its research and development (R&D) institutes in Bengaluru, Noida and Delhi.
 
"IITs offer some of the best engineering talent in India, and these young engineers are well-suited to the innovation mindset at Samsung," the person
said.
 
According to data from campuses, Samsung made the maximum number of offers at IIT Roorkee, IIT Varanasi (Banaras Hindu University) and Guwahati, handing out 95 offers in these three campuses.
 
At IIT Kharagpur, it is trailing only Coal IndiaBSE -1.62 %. Samsung is also hiring aggressively from other top IITs such as Delhi, Bombay, Madras, Kanpur and Hyderabad. Another top recruiter this year is outsourcing and analytics service provider EXL that has visited eight IITs, including Bombay, Delhi, Kanpur, Kharagpur, Roorkee, Madras, Guwahati, and BHU (Varanasi) this year, and made 127 offers, up from 111last year.
 
"Driven by its growth-induced demand, EXL has been consistently increasing its offers at the campuses primarily due to the quality, aptitude and trainability of the candidates," said Vivek Jetley, senior vice-president, EXL Analytics.
 
"EXL hires primarily for its consultant role from all the above campuses," he added. Placements at IITs started on December 1 and are still ongoing. The first phase of the process will end later this month, only to pick up again in January.
 
"Samsung Bangalore has been the top recruiter at our institute this year with 25 offers," said Kaustubha Mohanty, head, centre for career development, IIT Guwahati. Other top recruiters from the campus so far include data analytics company FICO with 15 offers, and EXL and RIL with 11 offers each.
 
At IIT Kharagpur, placement chairperson Debasis Deb said Coal India is set to be the top recruiter for the second year in a row, having made 26 offers so far. It is followed by Samsung Bangalore and EXL with 22 offers each, and Mentor Graphics and ZS Associates with 14 offers each.
 
At IIT Roorkee, Samsung made 26 offers, followed by WiproBSE 0.03 % with 23 offers, Microsoft with 17, Reliance Industries with 16, and Citicorp Services India and EXL with 15 offers each.
 
Microsoft was the largest recruiter last year with 31offers, said NP Padhy, professorin-charge for placement at the institute. Microsoft declined to comment on the marginal dip in its hiring numbers this year. The software giant has so far made more than 70 offers across IITs this year, including 20 offers for international profiles.
 
"Our drive at IITs this year is in keeping with our increased focus on R&D and engineering excellence as we move towards becoming a cloud and services organisation," a Microsoft spokesperson said in an email response.
 
Power management company Eaton also recruited in good numbers. It made 11 offers at IIT Hyderabad to emerge the single largest recruiter there while at IIT BHU it made 10 offers.
 
At IIT BHU, Samsung made 44 offers followed by Goldman Sachs with 23 offers, Citi Corp with 22, and Capgemini with 21 offers. BHU offer numbers include pre-placement offers. At IIT Madras, the companies in pecking order (starting from highest number of offers) are Intel, Citicorp Services, Samsung R&D Bangalore, Eaton, EY, EXL and Axis BankBSE 0.41 %.
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Fukushima Daiichi cost estimate hits $188 bil. www3.nhk.or.jp

 
The Japanese government says the total cost of cleaning up and providing compensation for the Fukushima Daiichi nuclear disaster may end up being twice as much as an earlier estimate.
 
It says the figure could reach 21.5 trillion yen, or about 188 billion dollars at the current rate.
 
The industry ministry announced a new cost estimate at a panel of experts on Friday. The panel discusses ways to share the costs of scrapping the reactors as well as decontamination costs, compensation and other payouts.
 
The ministry's earlier projection of the total cost was about 98 billion dollars.
 
The new estimates say the cost of scrapping the reactors will likely quadruple to about 70 billion dollars due to the difficulty of the task and the lengthy period of time needed to remove the molten fuel.
 
It is estimated that compensation to individuals and companies will grow from the initial 47 billion dollars to about 69 billion dollars, as farming-related payouts are expected to rise.
 
The cost of decontaminating the land is also estimated to grow from 31 billion dollars to about 49 billion dollars.
 
The government plans to urge the plant's operator, Tokyo Electric Power Company, to carry out further corporate restructuring. It also plans to create a system by which other major utilities and newcomer power suppliers can share the financial burden. It will also require consumers to shoulder part of the burden through higher electricity bills.
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Mining Industry officials meet with delegations from China Shenhua www.mongolia.gogo.mn

 
Mining and Heavy Industry Ministry officials today received delegations from China Shenhua Energy Company Limited.
During the meeting, China Shenhua proposed to commence Tavantolgoi`s power station, railway construction and mining projects at the same time.
Previously, China Shenhua has expressed incentives to invest in Tavantolgoi coal deposit. The company has won the bid, announced by the previous government, establishing a consortium agreement jointly with the Energy Resource LLC and Japanese Sumitomo Corporation.
According to the consortium agreement, China Shenhua has announced to invest US$ 4 billion to Tavantolgoi coal deposit. However, a working group, led by MP L.Erdenechimeg deferred the agreement, noting that the agreement would result in significant loss to our country.
Following, due to the coal price drop on international market, the negotiations on the agreement have been halted.
China Shenhua expressed incentives to invest Tavantolgoi coal deposit after the establishment of new Government of Mongolia, led by Prime Minister J.Erdenebat.
Mongolia is to violate the recommendations, approved by the National Security Commission, if Shenhua Group operate alone in Tavan Tolgoi group deposits​. Because China plays important role in the foreign trade and foreign investment of the country. Meanwhile, the recommendations, approved by the National Security Commission does not support too much dependence on foreign countries.
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Coking coal price savaged – biggest drop in 17 months www.mining.com

 
While the price of futures trading in China and Singapore were swinging wildly in recent weeks, the benchmark for the seaborne market – Australia free-on-board premium hard coking coal tracked by the Steel Index – seemed to consolidate above $300 a tonne.
 
But now it seems volatility has returned to the spot market and the multi-year high of $308.80 for PHCC first hit a month ago may have been the peak. On Thursday the price dropped 2.5% to $291.70 a tonne. It was the steepest decline since July 2015.
 
Still, the steelmaking raw material is up fourfold in value over the past year and quarterly contract negotiations between producers and steelmakers could turn out to be the best indicator of where coking coal is heading.
 
In its monthly coking coal review TSI says December will mark the start of the quarterly benchmark negotiations, with rumours are floating around that teams from the major miners will arrive in Japan around the second week of the month to kick-off discussions:
 
On the 1st Dec 2016, the spread between the FOB PHCC index and Q4’16 benchmark differed by US$108/t, and the Japanese steel mills—”JSMs” – will be wary of making panic buys during this period in order to avoid pushing the indices higher.
 
A quick survey revealed that market participants expect the Q1’17 benchmark price to range anywhere between US$250-280/t.
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Copper price jump: China concentrate imports hit record www.mining.com

 
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump's $500 billion infrastructure plans lift sentiment.
 
Copper price jump: China concentrate imports hit recordWhile it's pulled back from those levels since, official customs data from China, responsible for some 45% of global consumption of the red metal, released on Thursday is seeing the metal turn positive again.
 
In overnight trade on Friday copper for delivery in March, the most active contract, was exchanging hands for $2.6575 per pound ($5,858 a tonne), up 1.2% from Thursdays close on the Comex market in New York.
 
While China's copper imports surged 31% to 380,000 tonnes in November compared to October, shipments were down 18% year on year. Concentrate imports however hit an all-time high last month of of 1.76 million tonnes. Year to date shipments are up 31% year on year at 15.4 million tonnes.
 
After vastly underperforming other metals and steelmaking raw materials in 2016, copper has been playing catch-up and is now up 37% from six-year lows hit mid-January this year.
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Mongolia to boost transport ties with Eurasian Economic Union www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The Third Session of the UN Ministerial Conference on Transport is being held in Moscow on December 5-9. A Mongolian delegation headed by Minister of Road and Transport Development D.Ganbat is paying a working visit to Russia between the 7th and 9th.
 
As a part of the visit, Minister D.Ganbat held a business meeting with the Minister of Energy and Infrastructure of the Eurasian Economic Union, A.O.Junusov on December 7. Present were, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation B.Delgermaa.
 
The sides touched upon the follow-up actions of the Memorandum of Understanding on Cooperation between Mongolia and the Eurasian Economic Union, specifically, the further development of transport cooperation between Mongolia and the EEU member states, cooperation in realization of projects agreed in the margin of the Programme on Establishing Mongolia-Russia-China Economic Corridor, alleviation of conditions for Mongolian transit transportation going through territories of EEU members, and strengthening the carrying capacity of transit transport of Mongolia.
 
The dignitaries also agreed on setting up a working group in approximate future to prepare the draft of cooperation document in order to lay the legal foundation for intensifying the cooperation in the transportation sector.
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UK food prices will rise without EU workers, say trade groups www.theguardian.com

 
Food prices will rise unless the government ensures EU citizens can work in the UK after Brexit, according to industry groups representing the major supermarkets and food manufacturers, including the owner of Marmite.
 
The open letter to the government is signed by 30 food and drink industry bodies, including the Food and Drink Federation, which represents major suppliers, including Marmite maker Unilever and Mr Kipling owner Premier foods; the British Retail Consortium, which counts Tesco, Sainsbury’s, Asda and Morrisons among its members, and the National Farmers Union.
 
The letter, published in the Guardian, says: “Workers from the European Union, some of whom are already leaving the UK, play a significant role in delivering affordable and high-quality food and drink.” It says they provide “an essential reservoir of skilled, semi-skilled and unskilled labour.”
 
Any points-based permit system for immigrants should place the food and drink supply chain on a par with financial services and the automotive sector, the industry leaders say. “All options should be explored, including a workable points-based system for shortage occupations, sector-based and seasonal/guest worker schemes and effective transitionary arrangements. If it is not, the UK will face less food choice and higher food prices.”
 
The letter, which is also signed by the heads of the British Beer & Pubs Association, the British Growers Association and the British Soft Drinks Association, claims that some EU workers have already begun to leave the UK in the wake of the Brexit vote which has led to a fall in the value of the pound. “The government can address this issue directly. It should offer unambiguous reassurance to EU workers throughout our supply chain about their right to remain here,” it said.
 
Employment agencies have warned that the UK’s food industry is facing the worst labour shortage for at least 12 years.
 
The Association of Labour Providers (ALP), whose employment agency members supply 70% of the temporary labour used by the food and drink industry, recently said responses to job ads had slumped by up to 70% as workers from the EU – who account for 90% of jobs in the sector – avoid coming to the UK.
 
The NFU has said farmers have seen a shortfall in EU workers, exacerbated by the drop in the pound against the euro, which has diminished the value of the money they are sending home.
 
Nearly 4 million people are employed in growing, harvesting, producing, packaging, selling and serving food and drink in the UK, a large proportion of whom are EU nationals.
 
Although food prices continue to fall amid heavy competition between the major supermarket chains and fast-growing discounters Aldi and Lidl, rising costs are expected to drive up inflation in the coming months.
 
A string of major food brands have sought increased cost prices from supermarkets as the fall in the pound has driven up the cost of importing ingredients and other essentials, such as packaging.
 
Unilever, which also owns Ben & Jerry’s and Dove; Typhoo; Birds Eye and Walkers are embroiled in an industry-wide battle over price increases caused by the 15% drop in the value of the pound against the euro and 18% against the dollar since the UK voted to leave the European Union.
 
The lower value of the pound is also expected to increase exports, potentially making it harder for UK companies to source home-grown ingredients. For example, the price of British butter has soared 80%, partly because processors have found exporting easier.
 
Food and drink is the UK’s biggest export, worth £18bn, led by Scotch whisky, chocolate, beer and salmon. Despite its relatively low profile, food manufacturing is worth more to the UK economy than the automotive and aerospace sectors combined.
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EU takes on seven countries over diesel emissions www.rt.com

 
The European Commission has started legal action against Germany, Britain and five other countries for failing to police vehicle emissions regulations, according to EU sources.
The step reportedly followed signs of suspicious behavior in the industry after the Volkswagen cheating scandal. Brussels is not satisfied with how bloc members responded to diesel vehicles flouting pollution limits.
 
According to EU officials, several European countries tried to protect car manufacturers from sanctions similar to those faced by Volkswagen after the carmaker was caught using software to cheat emissions tests in the US.
 
The automotive industry is critical for the bloc, as it employs nearly 12 million people. The potential fines for breaking car emission rules could have a grave effect on the countries' economies.
 
Diesel engines power half the vehicles in Europe. Nitrous oxide pollution from them causes respiratory illness and the premature death of 72,000 people annually, according to data from the European Environmental Agency.
 
According to EU sources familiar with the matter, the Commission has found that countries failed to set fines to deter rule-breaking or penalize carmakers for breaching the law or cooperate with its demands for information.
 
The UK and Germany face cases concerning the testing and approval of new models produced by Volkswagen, sources familiar with the matter told Reuters. “This is not the end; just the first wave of action,” they added.
 
The measure is the first step in infringement procedures that allow the EU to take action against its member states for failing to apply the common law. The members are given two months to respond, and if they are not able to satisfy the Commission within the period, the EU can take the issue to the European Courts.
 
Under current EU law, newly produced vehicles are approved by national regulators. The governments are empowered to revoke those licenses or impose penalties, although the vehicles can be sold all over the EU.
 
No country has penalized the vehicles it previously licensed in spite of probes revealing the use of defeat devices in Germany, Britain, Italy and France.
 
The manufacturers argue that the use of defeat devices complies with an exemption that allows protecting the engine where needed. Some national watchdogs say that the vagueness of EU law allows for the loophole.
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Michael Jordan wins China trademark infringement case www.rt.com

 
After four years of litigation and a lost trial last year, former basketball great Michael Jordan has persuaded the Chinese courts that a local company illegally used his name and the famous ‘23’ jersey to make a profit.
 
Winning a trademark infringement case in China is something companies like Apple and New Balance have failed to do.
 
In 2015 a Chinese court ruled for Qiaodan (Jordan in the Chinese) Sports in the trademark dispute. A new decision by China's Supreme People's Court has overturned it saying that Qiaodan had “malicious intent.”
 
"I am happy that the Supreme People's Court has recognized the right to protect my name through its ruling in the trademark cases," Jordan said, as quoted by Reuters.
 
"Chinese consumers deserve to know that Qiaodan Sports and its products have no connection to me," he added.
 
Qiaodan Sports pronounced as “Chee-ow-dahn,” runs about 6,000 sportswear shops in China and will have to give up its name.
 
According to lawyers, it is tough for an overseas claimant to persuade Chinese courts that there has been trademark infringement.
 
Thus, in 2012 Apple was forced to pay $60 million to Proview Technology (Shenzhen) that first registered the iPad trademark in China in 2001.
 
Sneakers maker New Balance was taken to court by a Chinese man Zhou Lelun who has the rights to “Bailun” and “Xinbailun,” or New Bailun brands in China. The US company had to pay him $15.8 million to use its own name.
 
Fake Rolexes and iPhones hardly surprise anyone, but the Chinese hit the headlines last year when a fake Goldman Sachs was discovered in Shenzhen. "We don't have any connection with the US Goldman Sachs," a woman who answered the company's listed phone told AFP.
 
There is also a Shenzhen Trump Industrial Co that produces toilets and toilet seats and says it has nothing to do with the incoming US president. “Donald Trump is only one of many Trumps throughout the world,” said the company’s owner.
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