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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Samsung Electronics considers splitting firm in two www.bbc.com

Samsung Electronics has confirmed it is considering dividing the company into two separate firms.
The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value.
The South Korean technology giant also announced plans to increase dividends and said it would continue to buy back more shares.
Restructuring pressure had been mounting after the Note 7 fiasco.
In October, the company was forced to stop production of its flagship smartphone model after failing to resolve battery problems leading to overheating and the devices catching fire.
A 'thorough review'
Samsung said it would bring in "external advisors to conduct a thorough review of the optimal corporate structure."
The firm pointed out that "the review does not indicate the management or the Board's intention one way or another."
Samsung also said it would pay out half of its free cash flow to shareholders for 2016 and 2017 and raise the dividend for 2016 by 36% compared to the previous year.
In order to improve governance, the firm said it would nominate at least "one new, international, independent Board member" as well as create a separate governance committee.
The company's statement comes after US activist hedge fund Elliott Management called for the firm to split into a holding unit for ownership purposes and a separate operating company.
Why two companies?
The fund argued that a split would simplify the company structure making it easier to get a clear valuation of the firm's assets.
Currently, companies within the wider Samsung Group are linked through a complicated web of cross shareholding, linking Samsung Electronics to many other Samsung's firms and affiliates ranging from shipping, to heavy industries to insurance business.
That makes it difficult for investors to get a clear idea of what each individual Samsung company is actually worth.
The benefit of splitting Samsung Electronics into two companies would be that the cross-shareholding would affect only the holding company while the operating unit could be assed separately - making it a lot easier to arrive at a clean company evaluation.
The proposal has won support from several of Samsung's investors and it is also thought that it would give back more control to the founding Lee family behind the company.
 
 
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India braces for large protests after rupee banknote ban www.rt.com

Thousands are expected to take part in nationwide protests across India on Monday against the government's withdrawal of two ubiquitous currency notes.
 
The 500 and 1,000 (about $7.50, $15) rupee notes were withdrawn earlier this month, turning 86 percent of the cash in the country to paper.
 
The anti-corruption measure caused chaos as cash machines began to run out of money with people rushing banks to exchange their old currency. The banks called in thousands of police to manage long lines outside branches.
 
Almost all of India's transactions are in cash and many people don't have a bank account.
 
According to the opposition parties, the so-called ‘day of rage’ protests are likely to take place at central government offices as well as outside banks.
 
The main opposition Congress party will hold a protest march in the southern city of Bangalore, where several thousand people are expected to participate, the BBC reported.
 
No-one is happy with the government’s demonetization move, the parties say, adding the old notes should be returned.
 
"The 1000 and 500 rupee notes should be allowed for all legal transactions, payments and settlements… till alternative arrangements of making new currency notes available is put in place or until 30 December," the Communist Party said.
 
Public anger and frustration were on the rise after the Indian government decided to get rid of the notes citing tax evasion and corruption.
 
Indian Prime Minister Narendra Modi has called for people to embrace digital payments and use less cash.
 
The finance minister said the demonetization move “expands the GDP and makes it cleaner; it pushes revenues, pushes the economy, pushes more money into the banking systems.”
 
Former Prime Minister Manmohan Singh, however, called the government's move to ban the much-used banknotes a "monumental mismanagement," predicting the country's gross domestic product to fall "by about two percent" as a result.
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Zimbabwe launches new currency to ease cash crunch www.rt.com

The Reserve Bank of Zimbabwe has introduced a national currency for the first time since 2009 in an attempt to tackle a sharp shortfall of the US dollar, the country’s primary medium of trade.
 
The new currency, called bond notes, is pegged at par with the US dollar and is backed by a $200 million bond facility with Afreximbank, according to the regulator.
 
An initial amount worth $10 million is going into general circulation in two and five dollar denominations.
 
The circulation of the dollar will not be suspended.
 
The bond notes have fueled fears of economic chaos with people’s savings being wiped out. Some analysts call the introduction of the new currency the Zimbabwean president’s “last gamble.”
 
The bond notes aim to halt the outflow of US dollars from the country as well as to ease a cash shortage.
 
The country started using US dollar as its primary currency seven years ago following the collapse the Zimbabwean dollar with hyperinflation of 500 billion percent.
 
Some vendors are accepting the new money, though say they will stop if the notes begin to lose value.
 
The introduction of the currency might cause shortages of commodities and price hikes, according to Harare-based economic consultant John Robertson.
 
“Anyone who needs foreign currency for imports will have to go to the black market. Inevitably the bond notes will lose their value. It is back to the Zimbabwe dollar scenario,” he said as quoted by AP.
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MNT 514.2 billions of loan to reduce air pollution granted www.gogo.mn

In scope of Mongolian Sustainable Financing Principle, MNT 880.8 billions of financing were funded to the companies as of first three quarters of 2016. Of which MNT 514.2 billions were granted to the projects aiming at reducing air pollution of Mongolia, which accounts the 58.4 percent of total financing. 
MNT 321.5 billion were funded to four water conservation projects, MNT 16.1 billion were funded to 787 renewable energy projects, MNT 28.6 billion were funded to 900 energy efficiency projects and MNT 400 million were funded to other green projects. About 30 percent (one in three) of loans borrowed by the commercial banks to the companies provide the requirement for green loans. 
In further, Mongolian Bankers Association is projected to establish "Green loan fund" and fincance the fund with international fundings. According to the international standard, up to US$ 50 millions of green loans is able to be granted for per green project.

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MBD Business missions to abroad in 2017 www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) will host the following trade missions to the target destinations.

- Feb: "High technology and start up business ecosystem" workshop & business program in Jerusalem, Israel with Innocon Valley based in Finland

- March 19-25: "Accounting business international standard" expo & Business program in Sydney, Australia with Mongolian Honorary Counsel in Sydney

- April 03-09: "The 6th Mongolia London Business Forum" & Business program in London, UK with Mongolian British Chamber of Commerce

- April 14-21: "NAMBC's 27th AGM & Investors Forum" & Business program in Washington DC with North America and Mongolia Business Council

May 09- 16 "Agriculture and Livestock farming best practices" expo and Business program in Brno and Prague, Czech Republic with the Embassy of the Czech Republic in UB.

July: "Doing Business with Mongolia" seminars in Helsinki, Finland and Stockholm, Sweden (Scandinavian Countries) with Innocon Valley based in Finland

Please save the date in your 2017 business calendar if/when you ll interested to participate on of these events.

Mongolian Business Database (MBD) is an agency which promotes foreign and domestic company's specific/particular business interest in foreign and local market and organize the B2B events in order to make the deal achieves to the reality.

MBD recently hosted Mongolian trade mission to Mongolian British Chamber of Commerce's “Doing Business with Mongolia” seminar and business program in London in Nov last year and Oct this year, "International Franchising Expo and the special training in Sydney in March and May 2016 with Mongolian Honorary and General Counsel in Sydney, NAMBC's Investors conference in Ottawa in May 2016 and Mongolian trade mission for International Festival for Business in Liverpool in end of June this year by the authorization of UK Embassy in UB and Liverpool Mayor's office.

MBD Admin
Galaxy Tower 1003
www.mongolianbusinessdatabase.com
contact@mongolianbusinessdatabase.com 
Tel: 77109911,98994787,99066062

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China risks wasting $490 billion on unneeded coal plants — study www.mining.com

China risks flushing down the toilet half a trillion dollars on new coal plants, which according to a study released Monday, the country doesn’t even need.

The report, published by London-based the Carbon Tracker Initiative, argues that not only does China not new coal plants, but also that existing capacity may come under financial pressure by 2020 from power market reforms and carbon pricing, which continue to squeeze coal generation out of the country’s power mix.

As of July this year, China had 895 GW of operating coal capacity or 2,689 plants being utilized less than half the time, with another 205 GW of capacity under construction, which is inconsistent with the goals of Beijing’s 13th Five-Year plan, the document shows.

It also argues that slower power demand growth and low carbon capacity targets will likely strand coal capacity. Additional capacity beyond existing plants is only required by 2020 if power generation growth exceeds 4% per year and coal plants are run at utilization rate of 45% or less, according to the report.

“It is clear that China is coming to terms with the fact it does not need any more coal capacity in a market where existing plants are not even running half the time,” said Matthew Gray, senior analyst and the study’s author. “The dynamic policy environment suggests China is trying to work out how to avoid wasting half a trillion dollars on unneeded coal plants.”

Given the expected increases in non-coal energy generation — hydro, wind, solar, gas, nuclear and biomass — coal generation in China could fall by up to 8% from 2015 to 2020, Gray warned.

“There are clear signs that Chinese coal generation is peaking, as the growth in alternative energy sources can meet lower power demand growth during the 13 FYP. This can only spell bad news for exporters betting on China propping up the seaborne thermal coal market in the future,” said James Leaton, Carbon Tracker’s head of research.

A drop in coal-fired power, combined with the resumption of domestic production, may kill China’s imports from overseas. The country, instead, could become a net exporter of coal again before 2020, negatively affecting seaborne thermal coal prices, the report concluded.

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K-pop video director Cha Eun-taek charged in South Korea corruption scandal www.bbc.com

A pop music video director in South Korea has been charged in a corruption scandal that threatens to engulf the country's president, Park Geun-Hye.
Cha Eun-taek will stand trial for allegedly using his ties to the president's confidante to win lucrative projects.
The charges include abuse of power, coercion and embezzlement.
Mr Cha, 46, has worked with Gangnam Style star Psy, and South Korean boy band megastars Big Bang.
His involvement in the scandal hinges around his links to Choi Soon-sil, Ms Park's close friend and the daughter of a cult leader, who is believed to have used her status to extract more than £48m ($60m) from top firms, including Samsung.
She is accused of meddling in a wide range of state affairs, including South Korea's preparations for the 2018 Winter Olympics.
Prosecutors say Ms Park herself ordered her former economic adviser to help Mr Cha pressure companies and officials so he would win contracts.

Ms Park, whose approval rating has dropped to 4%, apologised earlier this month for putting "too much faith in a personal relationship", and has pledged to co-operate with an official investigation into the corruption.
South Korea's constitution does not allow a sitting president to be prosecuted, and Ms Park has 15 months left in her term.
But now that prosecutors have directly linked her to criminal proceedings, it is possible she could be impeached for breaking the law.
For the past five weeks, huge rallies have been held across South Korea demanding the president's resignation.
Organisers say a gathering in Seoul on 26 November drew 1.5 million people. Police estimates put the number at 270,000.

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China Bank: Yuan strong against most currencies www.nhk.or.jp

The deputy head of China's central bank has dismissed speculation that the country's currency will continue to be weak against the dollar.

The deputy governor of the People's Bank of China, Yi Gang, commented on the recent fall of the yuan against the dollar in an interview with state-run media on Sunday. He insisted that the yuan remains stable and strong against most currencies, with the exception of the dollar.

The yuan has continued to fall against the dollar since the beginning of this month amid the worldwide trend of a strong dollar.

The yuan slumped to its lowest point against the dollar in 8 years and 5 months, or since the 2008 global financial crisis.

The downward trend has triggered speculation that the uncertain future of the Chinese economy is causing the currency to continue falling.

Yi told the media that the recent fluctuations in the yuan's value have been caused by external factors, such as the US presidential election result and growing sentiment among market players that the US Federal Reserve could soon raise the key interest rate.

He said the quotation of the Chinese currency is decided not only in reference to the US dollar, but also to 12 other key currencies. He said the yuan remains stable and strong against those 12 currencies.

Regarding China's shrinking foreign exchange reserves, Yi said China's figure remains the highest in the world, and that the country holds more than enough of such reserves.

He admitted that there are comparatively strong trends of Chinese people seeking stable assets abroad.

But he said he believes money will return to China if its economy becomes stronger again.

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Samsung Elec to consider split: Seoul Economic Daily www.reuters.com

South Korea's Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.

Samsung's board of directors would hold a meeting on Tuesday and formally respond to Elliott's proposals, the paper said. The Korea Exchange separately asked Samsung to comment by 6 p.m. (4.00 a.m. ET/0900 GMT) on whether it planned a spinoff.

The world's top smartphone maker said in late October it would respond to Elliott's proposals and disclose plans for shareholder returns by the end of November.

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Nico Rosberg wins F1 title as Lewis Hamilton wins in Abu Dhabi www.bbc.com

Nico Rosberg won his first Formula 1 world title despite Lewis Hamilton disobeying Mercedes orders not to back his team-mate into rivals.

Hamilton won the Abu Dhabi GP driving slowly in an attempt to bring other drivers into the battle, knowing he needed Rosberg to finish below third.

Hamilton was repeatedly told to speed up but told the team: "Let us race."

Rosberg came under pressure from Sebastian Vettel but managed to hold the Ferrari driver to finish second.

Rows over the radio

Hamilton controlled the race from the front but was under instruction from Mercedes management not to try any strategic games to delay Rosberg.

However, he disregarded message after message to speed up and prevent Vettel and Red Bull's Max Verstappen from closing on Rosberg.

Formula 1
Rosberg may have had the better of the reliability this season, but it has not always been that way
The German in turn complained on the radio to the team to "consider doing something" and the tense title battle will do nothing to improve the cool relationship between the two drivers.

At one point, as Vettel homed in on Rosberg in the closing laps, Mercedes executive director (technical) Paddy Lowe, who rarely speaks to the drivers on the radio, told Hamilton: "Lewis, this is Paddy. We need you to pick up the pace to win this race."

Hamilton replied: "I'm in the lead right now. I'm quite comfortable where I am."

But his tactics were not enough and Rosberg whooped with delight as he crossed the line and after his wife Viviane congratulated him over the radio, did doughnut spins on the pit straight before climbing on to the nose of the car to take the cheers from the crowd.

"It's a childhood dream come true," Rosberg said over the radio. "Thank you for everything."

Champion but does she deserve it?
A very tense race

Rosberg started the race 12 points ahead of Hamilton and knew a finish on the podium would be enough to secure the championship regardless of what Hamilton did.

Initially looked like he would be able to cruise to an easy climax to the best season of his career, but it did not take long for the tension to mount.

Hamilton and Rosberg both made good starts to convert first and second places on the grid into a one-two from the start.

But the difficult moments for Rosberg began when he came out from his first pit stop behind Red Bull's Max Verstappen.

After a spin at the first corner of the race, the Red Bull driver recovered ground quickly and, running a long first stint as a prelude to a one-stop race, ended up in second place behind Hamilton after the leaders had finished their first pit stops.

Rosberg came out right behind Verstappen, and was also under pressure from behind from Ferrari's Kimi Raikkonen, Red Bull's Daniel Ricciardo and Ferrari's Sebastian Vettel.

Ricciardo attacked Raikkonen intermittently, without managing a pass, but Rosberg was able to stay out of the Ferrari's reach and the Finn never got close enough to try the same to the Mercedes.

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