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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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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Honda to keep making cars in Mexico www.nhk.or.jp

The president of Japan's major automaker Honda Motor has said that he intends to maintain the company's production in Mexico.

Takahiro Hachigo said at the Detroit auto show that he will wait for the President-elect Donald Trump's policies to become clearer before reviewing the company's plans.

Hachigo also stressed Honda's contribution to the US economy.

He noted that Honda was the first Japanese automaker to manufacture its vehicles in the country. He said the company will keep building on its operations in the United States.

 
 
 
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Western Australia about to get its first uranium mine www.mining.com

Western Australia's first uranium mine seems closer than ever after the state's Environment Minister Albert Jacob greenlighted Toro Energy’s (ASX:TOE) Wiluna project, in the northern Goldfields.

The approval, said the company, consolidates into one the revised proposals to mine Centipede and Lake Way deposits, which were permitted by the previous WA government.

Under the terms of the permit, Toro Energy would need to begin mining such deposits within five years. However, uranium prices remain low, trading around $20 a pound. Last year, in fact, yellowcake became the worst performing commodity — it lost 41% of its value, touching a 12-year low of less than $18 a pound in November.

The market is not expected to pick up any time soon and its eagerly awaiting to see an anticipated increase in demand from China and India, as well as a decision on the future of Japan’s mothballed reactor fleet.

Toro now needs Federal approval, which normally follows the State decision. Its Wiluna project was the first uranium mine to win environmental approvals in Western Australia after the Liberal government overturned a ban on uranium mining in 2008. But Toro’s acquisition of the Lake Maitland deposit from Mega Uranium in mid-2013 meant the company had to go back to the drawing board in order to add the new asset to the mine plan.

While Australia does not use nuclear power itself, it is the world’s No. 3 uranium producer behind Kazakhstan and Canada.

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