1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      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     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

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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China’s growth ‘reassuring’ for global economic confidence www.rt.com

The world’s second-largest economy will meet its growth targets of 6.5 to 7 percent this year, China's state news agency Xinhua reported. The country’s stable growth is a reassuring sign for a "weak and vulnerable" global economy, it added.
Maintaining stable growth won’t be easy for China in 2017, Xinhua said, "given persistently weak external demand, ongoing deleveraging and capacity-reduction pressure, and a slowing property sector."

But unlike other countries, China has the flexibility to beat off sharp economic decline as it restructures its economy toward consumption and services, according to the agency.

Statistics showed China's GDP witnessed a 6.7 percent increase in all three quarters of 2016. The country's industrial development, consumption, and investment maintained stable growth in October- November, with a rapid rise in the service industry.

Despite experts’ concerns, Chinese officials are confident in the country’s economy, saying the positive trends of this year will continue into next year.

This month Chinese President Xi Jinping voiced his confidence the country will achieve its major economic targets.

If China's GDP growth comes in line with the government's official full-year target, it will account for 1.2 percentage points of global GDP growth, economist Stephen Roach told the China Daily.

According to the IMF which expects only a 3.1 percent global growth this year, China would contribute over a third of the world's growth. The IMF says China is the primary source of export demand for over 100 economies, which account for about 80 percent of global GDP.

The Chinese media has warned that at times of growing protectionist sentiment around the world trading partners would only have access to China's home market if similar access was given by them.

Analysts say the future of Chinese trade will become more apparent when US President-elect Donald Trump enters the White House. The presidency of Trump, who’s known for his protectionist views, may hit US-China trade which brought Beijing $367.11 billion last year.

Trump has warned China about possible sanctions for depreciating its currency, and thus hitting American manufacturers. Last week he appointed economist Peter Navarro, an outspoken critic of China, as the head of a new US trade body.

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HNA Belt and Road routes to rise www.chinadaily.com

The parent of Hainan Airlines to help other carriers build and manage airports and facilities as well

HNA Group, the parent company of Hainan Airlines, plans to play a bigger role in advancing transportation services next year for multilateral cooperation in countries along the Belt and Road Initiative areas, its CEO Huang Qijun said.

"We will launch more routes connecting China with the Belt and Road countries, help our counterparts build and manage airports to improve local transportation services and introduce high-end tourism routes with distinguished Silk Road features," Huang said.

Three years ago President Xi Jinping proposed the Belt and Road Initiative, which includes the Silk Road Economic Belt and 21st Century Maritime Silk Road, to promote multilateral development of the linked regions. The initiative has since witnessed tangible commitments by China, including the launch of a New Silk Road Fund worth $40 billion in late 2014.

"Infrastructure is the key to successful implementation of the initiative. HNA will actively engage itself in helping address problems such as under-investment in aviation facilities in the Belt and Road areas," said HNA's Huang.

HNA operates 1,250 aircraft, on about 1,000 routes connecting more than 260 cities around the globe. Haikou-based HNA, which made its first flight in 1993, has become a transnational giant boasting 600 billion yuan ($86.34 billion) of assets and about 200,000 employees at home and abroad, according to data from the company.

"With a diversified structure, HNA's business now ranges from aviation, finance, real estate, logistics, hospitality and tourism and ecological technology. It was ranked No 353 of Fortune's 500 companies in 2015," Huang said.

He said Hainan Island was a vital supporting point for the Belt and Road countries. The group would, he said, further strengthen the capacity of Haikou Meilan International Airport as an international hub to better link with countries in Africa and South Pacific.

"We will also help upgrade the infrastructure and services levels of the aviation, tourism, hotels, cruisers, and duty free service sectors of Hainan as a top international resort," Huang said.

As per the latest official estimates, the total number of tourists in Hainan was expected to reach 60.3 million in 2016, an increase of 13 percent on 2015.

"The Hainan provincial authorities are conducting feasibility studies on developing a free trade zone with ASEAN countries," Huang said. "HNA, the Chinese enterprise behind Hainan airline, will make its best efforts to help promote the plan."

He Dongni, vice-president of the Haikou-based China Institute of Reform and Development, said HNA had won international recognition by developing a diversified business model and through timely acquisitions of a string of overseas assets which highlighted its localized management.

HNA's practice had set a good example for Chinese enterprises in going global.

"Especially its innovations in the application and drafting of standards, upgrading of technologies, management, services, green development concepts and performance in conducting social corporate responsibilities," He said.

The group had a strong advantage in playing a leading role in contributing to the Belt and Road Initiative projects, He added.

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Russia’s Rosneft in demand with foreign funds eager to invest www.rt.com

New shareholders may acquire a stake in Russia’s largest oil company Rosneft, as a consortium of foreign investors will probably sell part of its share, according to the sources close to the matter as quoted by Vedomosti daily.
An unnamed fund from the Middle East is the most likely potential purchaser, according to two sources cited by the daily. Another person close to the matter says Mubadala, an Abu Dhabi government sovereign wealth fund, is interested in acquiring Rosneft’s shares.

Earlier this month, the natural resource trader Glencore International and a Qatari sovereign wealth fund acquired 19.5 percent of the company for €10.5 billion ($11.3 billion).

The partners became the third-largest stakeholder in the business with over 50 per cent still belonging to the state-owned oil transportation agency Rosneftegaz, while another 19.75 percent is owned by BP.

Rosneft negotiated with more than 30 companies, sovereign wealth funds and financial institutions from Europe, Americas, Middle East and Asia before selling the stake to the Glencore-Qatar consortium, according to the company’s CEO Igor Sechin.

Rosneft stock has become very attractive to investors, according to the newspaper's sources. The oil major has recently changed its dividend policy. The company has promised to disburse 35 percent of net profit in dividend to its shareholders instead of 25 percent.

Moreover, oil prices continue to rise after the Organization of the Petroleum Exporting Countries, and non-OPEC oil producers reached a deal to cap output.

The package owned by the consortium may go up in price due to the changed market environment, the sources told Vedomosti. Although Rosneftegaz won’t make any money from the re-sale of the stake, the deal could reportedly boost the capitalization of Rosneft.

Investors have expressed interest in Russian energy firms, particularly in Rosneft and Gazprom, according to analysts at Morgan Stanley. The bank said that apart from attractive prices for crude and high dividends, the results of the US presidential election have stoked investor interest. Some experts believe the sanctions against Russia could be eased after Donald Trump enters office.

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Panasonic to invest over $256 mln in Tesla's U.S. plant for solar cells www.reuters.com

Panasonic Corp (6752.T) will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk's Tesla Motors (TSLA.O) to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies.

Japan's Panasonic, which has been retreating from low-margin consumer electronics to focus more on automotive components and other businesses targeting corporate clients, will make the investment in Tesla's factory in Buffalo, New York.

The U.S. electric car maker is making a long-term purchase commitment from Panasonic as part of the deal, besides providing factory buildings and infrastructure.

In a joint statement on Tuesday, the two companies said they plan to start production of PV modules in the summer of 2017 and increase to one gigawatt of module production by 2019.

The plan is part of the solar partnership that the two companies first announced in October, but which did not disclose investment details.

Tesla is working exclusively with longtime partner Panasonic to supply batteries for its upcoming Model 3, the company's first mass-market car. Panasonic is also the exclusive supplier of batteries to Tesla's Model S and Model X.

(Reporting by Taiga Uranaka and Makiko Yamazaki; Editing by Muralikumar Anantharaman)

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Number of livestock reaches 61.5 million www.gogo.mn

Number of livestock has reached 61.5 million heads at the end of 2016, reports National Statistics Committee. 
Livestock population of Mongolia has increased by 9.9 percent or 5562.3 thousand heads compared to the previous years. 
According to the preliminary results;
3634.9 thousand of horses,
4080.3 thousand of cows,
401.3 thousand camels,
27853.4 thousand of sheep,
25572.2 thousand of goats have counted.
Horses account 5.9 percent of total livestock population while camels account 0.7 percent, sheep account 45.3 percent and goats account 41.6 percent. 
Uvurkhangai, Khuvsgul, Arkhangai, Tuv and Bayankhongor aimags have the highest number of livestock.

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Toshiba expected to log huge loss www.nhk.or.jp

Japanese electronics giant Toshiba is expected to post a huge loss from its nuclear power operations in the United States.

Sources close to the matter say the loss came to light after Toshiba reviewed the value of the assets held by CB&I Stone & Webster, which its nuclear power subsidiary, Westinghouse, acquired in 2015.

They say the loss to the Toshiba group could reach 500 billion yen, or over 4.2 billion dollars.

The electronics giant has recently suffered a series of huge losses from its nuclear business in the US.

The company booked a loss of about 260 billion yen, or around 2.2 billion dollars, in fiscal 2015, after reviewing the value of Westinghouse's assets.

Toshiba has been concentrating its resources on its nuclear and semiconductor businesses as part of its turnaround efforts following an accounting scandal in 2015.

The latest development is likely to prompt Toshiba to take some radical steps, including raising capital.

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Korean Air to get tougher on unruly passengers and ease stun gun rules www.reuters.com

Korean Air Lines said it will allow crew members to "readily use stun guns" to manage in-flight disturbances, after coming in for criticism from U.S. singer Richard Marx for its handling of an incident involving a violent passenger.

The South Korean carrier also said on Tuesday it will beef up security training of crew members.

Last week, Marx said on Facebook and Twitter that he helped initially subdue "a psycho passenger attacking crew members and other passengers," accusing crew members of being "ill-trained" and "ill-equipped" to handle the "chaotic and dangerous event".

Marx's wife, Daisy Fuentes, who was with the singer during the flight from Vietnam to South Korea, said on Instagram that crew members "didn't know how to use the taser & they didn't know how to secure the rope around him (he got loose from their rope restraints 3 times)."

Korean Air Lines said on Tuesday its crew members are "hesitant" to use taser guns, because they are permitted for use on only "grave" situations which jeopardize the life of a passenger or crew member or the safety of a flight.

"We have decided to improve our conditions and procedure on using Taser guns to cope with violent acts and disturbances on board in a fast and efficient manner," it said in a statement, without elaborating on how it would revise the rules.

However, a spokesman said the changes would ease conditions on using Taser guns so that crew can "readily use stun guns".

In South Korea, the number of unlawful acts committed aboard airplanes has more than tripled over the past five years, according to government data.

Video footage of the recent incident posted on YouTube showed a young man in a business class seat spat and swore at crew members trying to restrain him with a rope.

On Monday, the passenger appeared for questioning by police, wearing a mask, thick-rimmed glasses and a hat. He apologized for his behavior but said he could not remember what had happened, according to video shown by broadcaster SBS.

(Reporting by Hyunjoo Jin; Editing by Michael Perry)

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Russia Suspends Sale of Non-Food Products Containing Alcohol www.themoscowtimes.com

Russia has implemented a month-long ban on the sale of non-food products containing more than 25 percent alcohol, a move intended to fight the country's "surrogate alcohol" problem.

The ban follows a Dec. 23 order by Prime Minister Dmitri Medvedev and went into effect on Monday, consumer watchdog Rospotrebnadzor's press service stated. The restrictions are set to last for 30 days, and exclude perfumes and glass-cleaning products.

The new measures are a response to a mass poisoning in Irkutsk that has claimed the lives of at least 75 people since Dec. 17. The victims had consumed hawthorn berry tincture, an ethyl alcohol-based bath lotion often used as a substitute for vodka. In Irkutsk, however, the tincture contained highly toxic methyl alcohol.

The mayor of Irkutsk declared a state of emergency and several suppliers of hawthorn berry tincture, mostly retailers, have been arrested.

 
 
 
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Russia, China launch construction of bridge across Amur river www.rt.com

The construction of a long-awaited bridge across the Amur River, to connect Russia's Far East city of Blagoveshchensk with the northeastern Chinese city of Heihe has finally started after 28 years of negotiations.
“We’ve started the construction of the cross-border bridge. The governor of the Amur region and top officials in Heilongjiang province took part in the ceremony,” a Russian official from the Amur region told RIA Novosti.

Construction officially started on Saturday after 28 years of negotiations between Russia and China. The new cross-border road bridge and its corresponding infrastructure will cost around $355 million and will be 19.9 km long. Some 6.5km of the bridge and road junctions will lie in China, and the remaining 13.5km in Russia, according to China's CNS agency. The length of the main suspension bridge will be roughly 1,300 meters and its width 14.5 meters.

“The bridge is an important link and part of the China-Mongolia-Russia economic corridor. It will strengthen cooperation between the two regions, it will break the bottleneck of local development,” Qin Enting, Heihe Communist Party Chief, said at the ceremony.

The territorial principle dominates the construction agreement, each country will construct the respective part of the bridge. Russian companies will make the connection between the two parts. When the construction is completed, the Russian side of the bridge will become the property of the Amur region, while the Chinese part will be owned by Heilongjiang Province. The bridge will contribute greatly to modernization of the transport system of the two regions, according to Heilongjiang Province Governor Lu Hao.

“Infrastructure projects are a priority and top leaders of our two countries are very supportive of such projects in the border area. Once completed the bridge will not only benefit the economy, but all aspects of exchange,” governor of the Amur region, Alexander Kozlov said.

The bridge is expected to be built in three years and will open late 2019. The bridge will greatly facilitate trade between the two countries, since the route will be roughly 3,500km shorter. By 2020,cargo turnover is expected to increase 10-fold, from 300,000 to 3 million metric tons.

The agreement on the bridge's construction was signed in September last year. Works were scheduled to start in July, but were postponed. After the completion of the road bridge, a railroad bridge will be erected next to it.

The new Amur bridge will be an impressive engineering masterpiece, comparable in several aspects with the under construction Crimea bridge, which is expected to be opened late in 2018.

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Dozens of UK banks and financial firms 'looking at moving to Ireland' www.theguardian.com

Banks and financial institutions make up the overwhelming majority of more than 100 companies inquiring about relocating to Ireland after Brexit, the head of the agency tasked with bringing foreign investment into the republic has confirmed.

Martin Shanahan, the chief executive of the Industrial Development Agency (IDA), said many of the corporations looking to move were based in the City of London.

Shanahan said that while Ireland would try to make capital out of the UK voting to leave the EU, Brexit was not the outcome he or anyone else in Ireland favoured.

He also said the IDA did not fear a Trump presidency would shut down American multinational investment into Ireland.

The IDA has a target to create an extra 80,000 jobs in the country by 2019, many of them from new US firms setting up their European base in Ireland.

Shanahan told the Guardian that Ireland’s low 12.5% corporation tax remained sacrosanct as one of the Irish Republic’s key fiscal policies.

Ireland will be the only English speaking country left in the EU after Brexit, giving Shanahan and his IDA colleagues extra impetus in their attempts to woo companies, some of which are based in the UK.

He said: “We have seen a huge increase in the amount of inquiries and activities across the globe. It’s not just our office in London, or our office in Dublin; we are receiving inquiries in Asia, in the US, in New York in particular. The figure that we have used to date is over 100 related inquiries.”

Shanahan continued: “For the financial services sector it is the fact that they need to have access to the European market and they need a jurisdiction in which they can do that. Ireland is extremely attractive because we are English speaking, have a common law system, there is the close proximity to the UK.”

On the threat of Trump imposing protectionist barriers to US companies locating abroad, the IDA chief executive said: “US companies, in my view, will continue to want to … go abroad, seek new markets, seek the talent that exists abroad and have access to the innovation and research that exists outside the US. I don’t see any kind of scenario where that isn’t the case.”

Shanahan stressed that the instability and uncertainty of global politics, from Brexit to Trump’s election win, might actually benefit Ireland.

“In the context of a very turbulent world Ireland looks very stable economically because of the strong growth in 2014, 2015, and it looks the same in 2016. And we look very stable from an enterprise and policy perspective as well.”

Despite criticism from fellow EU nations such as France that Ireland operates sweetheart tax deals for some of the biggest corporations on the planet, Shanahan predicted there would be no change to the 12.5% corporation tax regime.

“Investors place great store in the fact that Ireland has been unwavering and consistent. They know exactly what they are getting, the fact that it is 12.5%. I do not see any circumstances, and this has been confirmed by the minister for finance, Michael Noonan, that it will change any time in the near future, or even the long-term future for that matter,” he said.

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