1 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      2 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      3 RUSSIA AND MONGOLIAN BORDER CROSSING NO. 487 WWW.NEWS.MN PUBLISHED:2018/09/20      4 WORLD ECONOMICS REPORTS THAT MONGOLIA’S EMPLOYMENT RATE HITS A FIVE-YEAR HIGH WWW.GOGO.MN PUBLISHED:2018/09/20      5 USD HITS RECORD HIGH IN MONGOLIA DUE TO HIGHER IMPORTS WWW.CHINA.ORG.CN PUBLISHED:2018/09/20      6 READOUT OF VICE PRESIDENT MIKE PENCE’S MEETING WITH PRIME MINISTER UKHNAA KHURELSUKH OF MONGOLIA WWW.WHITEHOUSE.GOV PUBLISHED:2018/09/20      7 MONGOLIA LAUNCHES EU-FUNDED PROJECTS TO PROMOTE GREEN DEVELOPMENT, ENVIRONMENTAL PROTECTION WWW.XINHUANET.COM PUBLISHED:2018/09/20      8 COAL EXPORTS FROM TOP SHIPPER HOBBLED WITH MINERS FACING CONSTRAINTS WWW.MINING.COM PUBLISHED:2018/09/20      9 FRONTIER'S "INVEST MONGOLIA TOKYO 2018" WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/09/19      10 U.S.-CHINA TRADE TUSSLE IS CREATING WINNERS IN SOUTHEAST ASIA WWW.BLOOMBERG.COM PUBLISHED:2018/09/19      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     АТҮТ: БҮРТГЭЛТЭЙ АВТОМАШИНЫ 60 ОРЧИМ ХУВЬ НЬ ҮЗЛЭГ ОНОШИЛГООНДОО ХАМРАГДСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/20     ЭДИЙН ЗАСАГ УРТ ХУГАЦААНЫ ТЭНЦВЭРИЙГ ХАНГАХАД ТӨВЛӨРНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20     ЯПОН УЛСТАЙ АЯЛАЛ ЖУУЛЧЛАЛЫН САЛБАРТ ХАМТАРНА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/20     МОНГОЛ, АМЕРИКИЙН ХАРИЛЦАА ШАТ АХИЖ, ӨРГӨТГӨСӨН ИЖ БҮРЭН ТҮНШЛЭЛИЙН ТҮВШИНД ХҮРСНИЙГ НОТЛОВ WWW.NEWS.MN НИЙТЭЛСЭН:2018/09/20     ШЕНГЕНИЙ БОГИНО ХУГАЦААНЫ ВИЗИЙН МЭДҮҮЛГИЙГ УЛААНБААТАР ХОТОД АВНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/19     2018 ЭХНИЙ 7 САРД МОНГОЛЧУУД ГАДААД РУУ ЭМЧИЛГЭЭНД ЯВАХДАА 19.5 САЯ АМ.ДОЛЛАР ЗАРЦУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/19    

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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2017 hunting quotas approved www.montsame.mn

Ulaanbaatar /MONTSAME/ On Wednesday, the cabinet approved thequota for hunting in 2017. It permitted hunting 68 male bighorn sheep, 75 male ibexes, 32 otters, 10 roe deers, 10 boars, 100 gazelles and 400 game birds, for special purposes, and 500 taimens for sport fishing.

According to a professional instution’s estimation, the above mentioned quota is not harmful for the growth of population of the animals.

The quoted prices for a head of game animals were also increased by up to 30 percent, taking into account the rise of inflation rate since 2001 and 2005 and the recommendations given by specialized organizations, the Academy of Sciences and the Institute of Experimental Biology.

In 2016, the hunting quota was 60 male bighorn, 70 male ibexes, 30 otters, 20 grey wolves, 10 boars, 10 roe deers, 150 gazelles and 400 hunting birds, and catch&release quota for taimens were 400, as approved in 2015.

So far this year, 37 soums of 13 provinces have accumulated some MNT 940 million from hunting permit fees.

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Insurer to cover virtual currencies www3.nhk.or.jp

Mitsui Sumitomo Insurance will become Japan's first insurer to offer damage coverage for virtual currencies such as bitcoin.

Officials at the insurer say that the new policy, which goes on sale this month, is for companies operating virtual currency exchanges.

The policy will cover damages up to 1 billion yen or about 9 million dollars in cases such as cyber-theft of virtual currencies from exchanges or users.
It will also offer compensation when exchange workers embezzle currencies from users.

Other leading Japanese non-life insurers, such as Tokio Marine & Nichido Fire Insurance and Sompo Japan Nipponkoa, are also considering similar products.

 
 
 
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Dalai Lama's visit hurt the political foundation of China-Mongolia relations www.gogo.mn

ULAANBAATAR (GoGo Mongolia/ANN) - The Ministry of Foreign Affairs of the People's Republic of China has issued three statements this year regarding the 14th Dalai Lama's visit to Mongolia.

His Holiness the 14th Dalai Lama paid his 9th visit, with the last being in 2011, to Mongolia on November 18-22.
A day after his arrival, His Holiness the 14th Dalai Lama greeted devout Mongolians at the Gandantegchinlen Monastery, the centre for Buddhism in Mongolia, on November 19. On the next day, His Holiness delivered a unique teaching to his Mongolian followers reaching over 10 thousand people, jammed in the 5,000-seating capacity sports complex of Buyant Ukhaa.
The purpose of his teaching in Ulaanbaatar was to enhance Mongolia’s benefaction, and therefore, to diminish the obstacles and traverses in Mongolia’s path to prosperity.
Moreover, The Dalai Lama took part in a discussion called 'Science and Teachings of the Buddha.'
The 14th Dalai Lama had first visited Mongolia in 1979. When he arrived back in 2002, the Chinese side had protested the visit and had closed the border with Mongolia for two days.
In 2016, the Ministry of Foreign Affairs of the People's Republic of China released three statements with regard to the 14th Dalai Lama's Visit to Mongolia.
Deputy Prime Minister of Mongolia U. Khurelsukh was scheduled to pay a working visit to China to attend the inter-governmental meeting to be held on November 28. However, the Chinese side has indefinitely postponed the meeting on mining and energy.
Spokesperson of the Chinese Foreign Ministry Geng Shuang's delivered remarks explaining the reason for cancelling the meeting.
"We have expressed our solemn position on Dalai's visit to Mongolia. The erroneous action taken by the Mongolian side on Dalai's visit has hurt the political foundation of China-Mongolia relations and has exerted a negative impact on the development of bilateral relations. The Chinese side requires the Mongolian side to genuinely respect China's core interests and major concerns, take effective steps to remove the negative impact caused by its erroneous action and bring the China-Mongolia relations back to the track of sound and steady growth," he said.
Earlier, on November 20, Shuang had stated that in sheer disregard of China's repeated dissuasion, Mongolia had insisted on inviting the 14th Dalai Lama for a visit. The Chinese side is dissatisfied with and opposed to this step.
He added that the 14th Dalai Lama is a political exile who has long been engaged in anti-China separatist activities under the cloak of religion, with the aim of breaking Tibet away from China. The Chinese side firmly opposes any anti-China separatist activities conducted by Dalai in any capacity or name in any country and opposes all forms of contact by officials of any country with him.
China has urged Mongolia to see through the nature of the Dalai clique, respect China's core interests and major concerns and take concrete actions to remove the negative effects, so as to prevent the disruption of the sound development of China-Mongolia relations.
However, Minister of Foreign Affairs Ts.Munkh-Orgil has given a statement on the Dalai Lama`s visit. “The Government of Mongolia has nothing to do with the visit”, he stated.
Moreover, he emphasised that the 9th visit of the Dalai Lama to Mongolia is taking place at the invitation of the Center of Mongolian Buddhists – The Gandantegchinlen Monastery, and is a solely religious courtesy.
He added that the Minister of Foreign Affairs Ts.Munkh-Orgil`s visit to China and Russian-Mongolian-China trilateral ministers meeting have cancelled.
In regards, we will discuss with China on the cancellation of these meetings, said Minister of Foreign Affairs of Mongolia.

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TPP's death hurts America and helps China + Russia www.cnn.com

America is receding from the global economic stage, opening the way for China to take a lead role and a supporting one for Russia.
Donald Trump's decision to withdraw from the Trans-Pacific Partnership (TPP), a controversial trade deal, wasn't taken well by world leaders.
"The TPP without the United States is meaningless," Japanese Prime Minister Shinzo Abe said.
Others had another message: We'll move on without you and strike alliances with other nations.

CALCULATOR POWERED BY CALCULATOR POWERED BY
"Another agreement can take its place, but not with U.S. participation," Peru President Pablo Pedro Kuczynski told Russia's state-run news outlet RT on Nov. 11. "It would include China, and Russia as well."
Trade is a top priority for many world leaders, especially Kuczynski. Last weekend, he hosted the APEC conference, a trade summit that drew President Obama and China's President Xi Jingping, along with leaders from Latin America and the Asia Pacific.
A day after APEC ended, Trump announced he would withdraw from TPP the day he arrives at the White House. That's not going over well with the 21 world leaders of APEC.

"We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism," the leaders said in a joint statement.
As America under a new leader backpedals on doing business with other nations, China and Russia appear poised to fill the gap. China is already pushing its own trade deal known as the Regional Comprehensive Economic Partnership (RCEP). It includes many countries, such as Japan and Australia, that would have been in TPP.
If RCEP succeeds, China would be in a stronger position to lead a bigger free trade area in the future. Already in Asia, some countries, like the Philippines, are aligning themselves with China.
Chinese officials are also welcoming Latin American nations to RCEP, a clear pick up from the rubble of TPP.
And it makes sense. China and even Russia are already vying to take away American influence from Latin America, a region once considered the U.S.' backyard according to experts.
China and Russia have made major investments in Latin America in recent years.

China's state banks have poured $120 billion in investments into Latin America since 2005, according to the Inter-American Dialogue, a think tank in Washington. Since 2008, Russia has sent military arms to Venezuela, Brazil and Bolivia, among other nations, while cutting an oil exploration deal with Mexico, according to R. Evan Ellis, a professor of Latin American studies at the U.S. Army War College.
Even though China's growing ties to Latin America have been rocky at times, Trump's withdrawal from TPP may smooth that out.
The path ahead remains unclear but the rest of TPP nations are willing to strengthen trade ties without America.
"Concrete damage to U.S. interests has already been done," Eric Farnsworth, vice president at Council of the Americas, said referring to two Asia-focused trade agreements: the RCEP and the Free Trade Area of the Asia-Pacific (FTAAP), another potential trade deal that would include nations in Latin America, southeast Asia and Australia.
"The U.S. retreat on TPP has breathed immediate life back into" those deals, says Farnsworth, who attended the APEC meet in Lima, Peru.

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Skyscanner sold to China travel firm Ctrip in £1.75bn deal www.bbc.com

Skyscanner, the UK-based travel search business, has been bought by Ctrip, China's biggest online travel firm.
The deal values Skyscanner at about £1.4bn ($1.75bn).
The firm, which has its headquarters in Edinburgh, is available in more than 30 languages, with about 60 million monthly active users.
It was set up to let users compare prices from different travel sites when searching for flights, hotels, and rental cars.
Skyscanner said it would continue to run independently, with the same management team.
'Powerful technology'
Ctrip was founded in 1999 and is one of China's best-known travel businesses.
The deal would "strengthen long-term growth drivers for both companies," said James Jianzhang Liang, co-founder and executive chairman of Ctrip.
"Skyscanner will complement our positioning at a global scale and Ctrip will leverage our experience, technology and booking capabilities to Skyscanner's," he added.
Skyscanner was set up in 2003, and co-founder and chief executive Gareth Williams said the deal took his firm closer to its goal "of making travel search as simple as possible for travellers around the world".
"Ctrip and Skyscanner share a common view - that organizing travel has a long way to go to being solved. To do so requires powerful technology and a traveller-first approach," Mr Williams said.
The sale comes about a year after Skyscanner announced a fresh round of investment to help it expand. Its backers include investment firm Sequoia as well as the Malaysian government's strategic investment fund, Yahoo Japan and fund manager Artemis.

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Hollywood Star Steven Seagal Eyes Investment in Russian IT Firm www.themoscowtimes.com

American actor Steven Seagal has offered to invest in Russian IT company Galaktika, the Vedomosti newspaper reported Wednesday.

The actor approached company chairman Jan Abramov with the proposal, which will now be considered by the firm's board of directors, according to Seagal's spokesperson Anar Reyband. The size of the potential share has not been disclosed, Vedomosti reported.

Seagal's interest in the company, which develops business information systems in Russia, Belarus, Ukraine and Central Asia, stems from the firm's "great experience" and the Kremlin's support for Russian IT firms, Reyband said.

The star has previously spoken of his desire to open a production company in Russia with local partners.

Seagal arrived in Moscow on Tuesday to receive a Russian passport after being granted citizenship by Russian President Vladimir Putin on Nov. 3

The actor, who is best known for action blockbusters such as "Under Siege" and "Above the Law," has already been snapped in the Russian capital filming a commercial for Russian communications provider Megafon.

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BRICS bank plans $2.5bn in loans for emerging economies in 2017 www.rt.com

The BRICS' New Development Bank (NDB) is to allocate $2.5 billion in loans to member states next year. In 2016 the bank provided over $1.5 billion in financial assistance.
Headquartered in Shanghai, the BRICS bank was founded in 2014 by China, Russia, Brazil, India and South Africa and officially opened for business a year later. The goal of the bank, with an initial authorized capital of $100 billion, is to fund sustainable development infrastructure projects in emerging economies.

“The bank is currently working to increase the financing volume for projects in member countries of the NDB," said the president of the bank Kundapur Kamath.

According to NDB, two loans together worth $650 million will be provided for projects in China and India.

A sovereign project loan of $300 million has been approved for the Putian Pinghai Bay offshore wind power project in China’s Fujian Province. The power plant is expected to generate 873 million kWh of electricity annually and help curb 869,900 tons of carbon dioxide emissions.

Another short-term loan of $350 million will be provided for India to upgrade approximately 1,500 km of district roads.

In April, NDB approved its first package of loans worth some $811 million for renewable energy projects. It decided to allocate $300 million to Brazil, $81 million to China, $250 million to India and $180 million to South Africa.

According to bank estimates, renewable energy projects with a combined capacity of 2.37MW could help reduce harmful emissions by four million tons annually.

In Russia, the NDB has financed the construction of two small hydroelectric power stations at the cost of $185 million.

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Samsung Group, pension fund offices raided in growing South Korea scandal www.reuters.com

South Korean prosecutors raided the offices of Samsung Group on Wednesday, a prosecution official said, after media reports of alleged links with a confidante of President Park Geun-hye who has been indicted in an influence-peddling scandal.

Prosecutors also raided South Korea's largest pension fund, the National Pension Service (NPS), an NPS spokeswoman said. The Yonhap news agency reported that investigators were probing NPS's decision to approve the $8 billion merger of Samsung C&T Corp and Cheil Industries last year.

The raids signaled that prosecutors are expanding their investigation into allegations of influence-peddling in the corruption scandal that has rocked Park's presidency over the relationship between the government and big businesses.

NPS, the world's third-largest pension fund, has come under scrutiny by the media and civic groups over its approval as a major shareholder of the merger between two affiliates of Samsung Group, South Korea's largest family-run conglomerate.

Its backing was seen as crucial to the success of the merger and some South Korean media reports said its approval came under mysterious circumstances.

A Samsung Group spokeswoman confirmed prosecution officials had visited the group's headquarters but she could not provide further details. The NPS spokeswoman declined to give further details.

Prosecutors raided four locations - the NPS headquarters, NPS Investment Management office headquarters, Samsung Group offices and the office of a former NPS investment management official - said a prosecution official who was not authorized to speak to the media and declined to be identified.

Park and her confidante, Choi Soon-sil, are under investigation for allegedly improperly pressuring major conglomerates, including the Samsung Group, to raise funds for foundations that backed Park's policy of promoting the cultural and sports communities.

"DRAWBACKS TO BUSINESS"

Lee Young-ryeol, the senior prosecutor directing the probe, said on Sunday 53 conglomerates, "fearing direct and indirect drawbacks to business activities such as tax audits", were "coerced to contribute funds" to the foundations.

Park Ju-gun, head of research firm CEO Score, said there was little surprise that prosecutors were now seeking evidence in Samsung Group offices about how the merger may have been influenced by the conglomerate's contributions to the foundations.

The merger of the Samsung affiliates was approved by shareholders in July 2015 and prosecutors said the two foundations involved were set up in the following six months.

"This was expected. Due to the circumstances in this case, prosecutors cannot help but be suspicious about the genuine intent behind the donation, such as the timing," CEO Score's Park said.

President Park, through her lawyer, has pushed back on a request by prosecutors to question her about the case, potentially the first time a sitting South Korean president would be interrogated in a criminal case.

Park, who's five-year term ends in February 2018, has resisted calls to resign but has apologized twice, saying she only sought to benefit the economy and not herself, but acknowledges carelessness in her ties with Choi.

However, the growing calls for her to resign and Park's virtual withdrawal from public activities has left a worrying power vacuum in South Korea.

Choi and former presidential aide An Chong-bum were indicted on Sunday and charged with abuse of power, a major blow to the president's fight for political survival.

NPS has defended its decision in the face of criticism that the deal helped the Samsung Group family to cement control of the merged firms at the expense of other shareholders.

"The reason we approved the merger was due to taking a comprehensive view of the merger's synergy effect and potential for stock value increase," it said in a statement last week.

There were "special circumstances" where NPS-owned stakes in both firms were valued at a similar amount, it said. The size of NPS' combined stakes in both firms was about 2.4 trillion won ($2.05 billion), or 3 percent of NPS' domestic stock portfolio.

However, according to records of the NPS Investment Office committee's decision to back the merger in July 2015, acquired by an opposition lawmaker and seen by Reuters, the NPS had calculated a merger ratio of 1:0.46 of Cheil Industries shares to Samsung C&T shares, based on its valuations of the two firms.

This differed from Samsung Group's proposed ratio of 1:0.35, which the NPS committee noted was comparatively unfavorable to Samsung C&T shareholders.

(Additional reporting by Cynthia Kim, Yun Hwan Chae and Ju-min Park; Writing by Jack Kim; Editing by Stephen Coates and Paul Tait)

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Twitter accidentally suspends its CEO's account www.cnn.com

Twitter has been left red-faced after it briefly suspended its own CEO's account.
For a while late Tuesday, attempts to reach Jack Dorsey's profile produced an error message saying it had been suspended. That prompted speculation his account might have been hacked or automatically shut down because of a high number of complaints from other users.
After it came back online, Dorsey tweeted that the suspension was the result of "an internal mistake."
That provoked angry responses from some people asking how many regular users' accounts might also have been accidentally frozen by the company in the past.
Twitter didn't immediately respond to a request for further comment about what caused Dorsey's account to be put on ice.
"Just setting up my twttr...again (account suspension was an internal mistake)," Dorsey wrote -- a spin on the first ever message on Twitter (TWTR, Tech30), which he posted in March 2006.

Some parts of his account, which uses the handle @jack, were taking a while to get back to normal.
Soon after Dorsey was reinstated, his number of followers was showing up as only about 145 -- a steep drop from the roughly 3.9 million he had previously. The figure later popped back up to around 3.8 million.
Which users Twitter does or doesn't suspend has become a highly sensitive topic. The platform has struggled to find a healthy balance between allowing free speech and protecting users from harassment.

Dorsey, one of Twitter's founders, served as the company's first CEO before being forced out in 2008. He later returned to the business and took over the top job again last year.
Twitter has had a rough time in 2016.
Its share price is down 20% since the start of the year. The stock briefly surged in early fall on feverish speculation that a big company like Disney (DIS), Google (GOOGL, Tech30) or Salesforce (CRM, Tech30) might make a bid for it. But no potential acquirer came forward.
Late last month, Twitter said it was cutting hundreds of jobs and killing off its video app, Vine.

 
 
 
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Customers Against London-Based 'Double' www.themoscowtimes.com

Russian state energy giant Gazprom Neft is warning customers against unwittingly doing business with a London-based “double” that bears an almost identical name.
 
The “Public Joint Stock Company Gazprom Neft Ltd” was officially registered in Britain in July 2016, but it's totally unconnected to the Kremlin-backed multinational “Gazprom Neft PJSC.”
 
The Russian oil company also says its executive board members have been listed as directors for the British company without their consent.
 
The addresses listed on the U.K. company’s official registration correspond to a mail-forwarding center and a building offering office space to rent.
 
Gazprom Neft released a statement on its official website on Tuesday, warning customers against doing business with its London-based doppelgänger.
 
“Gazprom Neft PJSC wishes to advise that Public Joint Stock Company Gazprom Neft, a private limited liability company registered in England and Wales, has no connection whatsoever with Gazprom Neft PJSC or with the Gazprom Neft Group of Companies,” the statement said, adding that it has notified police in London and national regulators of the situation.
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