1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20    

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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Gold price makes stab at $1,200 www.mining.com

 
Gold advanced to a six-week high on Wednesday after Donald Trump's first press conference as US president-elect sparked a sell-off in the US dollar.
 
Gold for delivery in February, the most active contract on the Comex market in New York, hit a high of $1,198.50 an ounce in early afternoon trade, up over 1% from Tuesday's close and the highest on an intra-day basis since November 28.
 
Gold is up more than $70 an ounce since hitting post-US election lows mid-December, but remains down some $140 from an initial but brief surge on election night as results showed a likely victory for Trump.
 
A pillar of president-elect Trump's economic plan is fiscal stimulus in the form of tax cuts and $500 billion-plus of infrastructure spending.
 
Gold bears have been making big bets that a Trump administration will lead to strong US economic expansion, higher interest rates and a stronger dollar. Higher interest rates 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.
 
But Trump offered nothing new on Wednesday and while the dollar was moving higher ahead of the presser, the currency fell soon after reports MarketWatch:
 
“Investors were hoping for specific answers pertaining fiscal policies and tax reforms, but Trump did not address those. Instead it was more focused on bashing China and Mexico,” said Steven Englander, global head of G-10 currency strategy at Citi.
The dollar measured against a basket of the currencies of major US trading partners surged following the elections hitting a 14-year high. The greenback's all-time peak of 164.7 was reached in February 1985. That coincided with a bottom in the price of gold of $284.25 an ounce.
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China-only Nokia to add to fierce phone competition www.chinadaily.com.cn

 
Finnish startup HMD Global has unveiled its first ever Nokia branded android phone that exclusively targets Chinese consumers.
 
The Nokia 6 was debuted last week at the International Consumer Electronics Show in Las Vegas.
 
At a press conference in Beijing on Wednesday, HMD Global chief executive officer Arto Nummela, expressed his optimism about the market potential of China.
 
"We believe that we've had an in-depth understanding of the Chinese market and we've prepared to meet the competitions," Nummela said. "Chinese consumers are very well-educated and they know what they are demanding, their energy impressed me each time I have visited the nation."
 
It is the first handset released under the Nokia brand since 2014, when Nokia sold its devices and services division to Microsoft Corp.
 
The Nokia 6 will be equipped with a 5.5-inch full high definition display with 2.5D Gorilla Glass on top, and will have the latest Android Nougat operation system installed out of the box.
 
Che Xiangguang, general manager of products and business development division of HMD Global Greater China Region responded to questions about the decision to power the device with a Qualcomm Snapdragon 430 processor, recognized as a low-end product of the US chip maker.
 
He said that performance, power dissipation and user experience have to be balanced when manufacturing the phone.
 
The device has been released for pre-order on local e-commerce platform JD.com with a price at 1,699 yuan ($245), and it will start shipping January 19.
 
The platform will provide marketing and distribution services for HMD in China over the next five years, under a strategic agreement signed recently between the two companies.
 
Industry observers suggested the the once well-known brand Nokia would face challenges re-entering the fiercely competitive middle-range market, lead by domestic vendors Huawei, Vivo, Oppo and Xiaomi.
 
Counterpoint Technology Market Research director James Yan told China Daily that to select e-commerce as their beginning distribution platform was a wise move, as it will save costs and be efficient.
 
Yan also remains cautious that the brand may require a certain transition time to adapt to a market that has changed rapidly in recent years.
 
He expected 50,000 to 100,000 devices to be shipped per month.
 
Jin Di, research manager at IDC China, also noted the competition in the mid to high-end smartphone markets in China was heating up.
 
She said that although the brand still has some influence in industry circles, Nokia would face a big challenge if they are not be able to target their own niche market.
 
"The world's android phone community has seen serious product homogeneity and the Nokia phone maker has to deploy differentiation strategy to compete with the other vendors of the country," Jin said. "As the brand has faded for years in the market, difficulties will appear as HMD chooses local distributions and mobile carries to promote new products."
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Russian economy to grow steadily in next 5 years, but has capacity for more – IMF www.rt.com

Russia will see average GDP growth of 1.5 percent in the next five years, according to International Monetary Fund (IMF) Deputy Managing Director David Lipton. However, he told the Gaidar Economic Forum in Moscow the country should strive for faster growth.

In an interview with TASS news agency, Lipton confirmed October’s IMF forecast that predicts global growth of 3.8 percent by 2021, with the Russian economy to grow significantly slower at 1.5 percent.

According to Lipton, Russia should implement some policy changes, reforms and structural changes that will increase the capacity of the economy to catch up with global growth rates.

The eighth annual Gaidar Forum takes place from January 12 to 14, 2017 in the Russian capital. This year, it focuses on the analysis of the current economic situation and economic growth prospects in Russia and will cover financial and social policy issues, business climate and priorities for regional development in the country.

Besides the IMF, represented by Lipton, the World Bank’s Vice President for Europe and Central Asia Cyril Muller and Deputy Chief Economist for the World Bank Group Ana Revenga will present their report: "Russian Federation systematic country diagnostic: pathway to inclusive growth."

Members of the Russian government will also take part in the forum. They include Prime Minister Dmitry Medvedev, the newly-appointed Economy Development Minister Maksim Oreshkin, Finance Minister Anton Siluanov and the Central Bank of Russia Governor Elvira Nabiullina.

Aleksey Kudrin, Chairman of the Center for Strategic Research Foundation (CSR), and Minister of Finance for Russia (2000-2011) will make the keynote speech.

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Japan, Russia to form energy cooperation schedule www.nhk.o.jp

Japanese and Russian ministers have agreed to draw up a work schedule around the end of March to implement energy deals signed during President Vladimir Putin's visit to Japan last month.

The agreement came in a meeting between Japanese Minister for Economic Cooperation with Russia Hiroshige Seko and Russian Energy Minister Alexander Novak in Russia on Thursday.

Governments and companies of the 2 nations signed 80 agreement documents based on an economic cooperation plan presented by Tokyo.

The work schedule will focus on energy deals, including gas and nuclear power.

Ahead of the meeting, Seko met Russian Industry and Trade Minister Denis Manturov. Seko expressed his intention to attend one of Russia's biggest international trade fairs, to be held in the central city of Ekaterinburg in July.

Seko told reporters that he will do his best to increase cooperation in economic and various other areas to build a genuine partnership with Russia.

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Amazon to hire over 100,000 in US www.nhk.or.jp

IT giant Amazon says it will hire more than 100,000 people over the next 18 months in the United States. The plan comes as President-elect Donald Trump is urging firms to increase US employment.

The online retailer said on Thursday that the new recruits will be full-time workers and directly employed by the company.

Amazon said that if its plan goes smoothly, its US-based workforce will exceed 280,000, making the company one of the largest employers in the country.

Amazon CEO Jeff Bezos says innovation has created hundreds of thousands of American jobs. He notes that the new jobs are not just in Silicon Valley but also in fulfillment centers and other Amazon facilities throughout the country.

During the election campaign, Trump criticized IT firms such as Amazon and Apple for not producing enough US jobs.

In an apparent response to Trump's stance, Ford Motor and Fiat Chrysler Automobiles recently announced plans to increase investment and employment in the US.

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Japan's largest steel firm seeks assistance www.nhk.or.jp

Japan's largest steel firm is seeking assistance from other companies to increase production on its behalf due to a fire at one of its factories.

The fire broke out at Nippon Steel & Sumitomo Metal Corporation's Oita Works in western Japan on January 5th. It heavily damaged electrical equipment at the mainstay factory producing steel plates for ships and other uses. The firm says it doesn't know when it can restart production.

Its factories in Chiba and Aichi Prefectures have already increased their production of plates to address the situation. But it has become increasingly difficult to make up for the loss.

Nippon Steel & Sumitomo Metal has asked 2 other Japanese firms, JFE Steel and Kobe Steel, to produce plates on its behalf.

The firm has not commented on the quantity it has asked others to produce.

Its Oita Works shipped 2.4 million tons of steel plates last year, equivalent to one-fourth of all domestic production.

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ALERT: Mongolian air pollution kills 120 children annually www.news.mn

A new report by the Mongolian National University of Medical Sciences has revealed some disturbing figures about the impact of Ulaanbaatar's killer smog. The writers state that 120 children and 1200-1300 people in Mongolia are dying every year due to illnesses and disease caused by or exacerbated by air pollution. MNUMS researched air pollution effects on health in cooperation with the University of California and Seoul National University. The report shows that children under the age of five are at greater risk than adults; air pollution can severely damage the development of a child's body.

Based on the WHO studies in 2009, over seven thousand deaths occur annually in Mongolia; 10% of them are associated with air pollution. However, the number of deaths increased to 20% in 2014. Currently the coldest winter in a decade has led to the increase in the burning of cheap fuel in the capital's 'ger district' shanty towns, which has resulted in more intense pollution.

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Import restrictions on right-hand drive vehicles to be developed www.gogo.mn

During the cabinet meeting on January 11, Minister of Road and Transport Development D.Ganbat introduced a decision about import restrictions on right-hand drive vehicles used more than 6 years.
As Mongolia has a standard of right-hand traffic, all regulations related to Mongolia’s traffic are designed for vehicles with steering wheel on the left. It means that all laws, rules, standards and road traffic safety regulators will be in correspondence to the left-hand side cars. However, vehicles to Mongolia have increased in the past decade.
According to studies, nearly 48 percent of all vehicles in Mongolia and nearly 55 percent of all cars in Ulaanbaatar have steering wheels on the right side.
In 2015, some 41,064 traffic-related accidents occurred, 64.4 percent of which were involved by vehicles with steering wheels on the right side.
Obligations were given to D.Ganbat, Minister of Road and Transport Development to develop a concrete proposal related to import restrictions on right-hand drive vehicles that are used more than 6 years.

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Age of Apple is over, says Peter Thiel www.rt.com

Arguably the most desired smartphone in the world, Apple’s iPhone, is losing popularity, says PayPal co-founder and first Facebook investor Peter Thiel.

When asked if "the age of Apple is over” by The New York Times, Thiel answered: "Confirm. We know what a smartphone looks like and does. It’s not the fault of Tim Cook, but it’s not an area where there will be any more innovation."

In October, Apple reported its first annual revenue decline in 15 years, as for the first time iPhone sales slumped. In the three months ending September 24, the Cupertino, California company said its revenue dropped about nine percent year on year.

Apple’s annual sales fell to $216 billion in the 2016 fiscal year ending September 30, down from a record $234 billion the year before.

The company’s sales in China, once a catalyst for growth, declined 30 percent year on year as the tech company faces competition from local producers like Xiaomi and Huawei that make more affordable smartphones with a similar set of functions.

Some analysts say the the world may have reached “peak Apple,” as nearly everyone who wants and can afford an iPhone and other products already has one.

The iPhone was first launched in June 2007, transforming the telecoms industry. However, Apple is facing increased competition from smartphones running on Google’s Android, and other gadgets.

Thiel co-founded PayPal in 1999 and became Facebook's first outside investor after acquiring a 10.2 percent stake for $500,000 in 2004.

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China, Japan, ROK discuss trade, investment in FTA negotiations www.chinadaily.com.cn

 
BEIJING - Delegates from China, Japan and the Republic of Korea (ROK) discussed goods and services trade and investment as they met in Beijing on Wednesday for the 11th round of trilateral free trade agreement (FTA) negotiations.
 
Vice-Minister of Commerce Wang Shouwen led the Chinese delegation, the Ministry of Commerce said in a statement.
 
Since their launch in November 2012, China-Japan-ROK Free Trade Agreement negotiations have been carried out.
 
The three parties agreed that the establishment of a trilateral FTA will help give full play to their advantages, unleash the economic vitality of the three countries and boost regional prosperity and development.
 
In November 2015, leaders from the three nations reiterated in a joint statement that they should accelerate the FTA negotiations.
 
China is the largest trading partner of Japan and the ROK. The three countries, whose combined GDP accounts for around 20 percent of that of the whole world, would constitute one of the three largest economic blocs, along with the European Union and North America, both of which already have FTAs among themselves.
 
 
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