1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Apple: iPhone 7 helps US giant return to growth www.bbc.com

 
Apple reported its highest ever quarterly revenue, as the iPhone 7 helped it return to a growth in sales in the final three months of 2016.
In its first full quarter since the iPhone 7's release, Apple reported net sales of $78.4bn (£62.3bn), up 3% on the same period a year ago.
Chief executive Tim Cook said Apple had sold "more iPhones than ever before".
It had also set new records for revenues from its Mac, Apple Watch and services divisions, he said.
Apple shares rose 3% in after-hours trading following the results.
iPhone recovery
"We're thrilled to report that our holiday quarter results generated Apple's highest quarterly revenue ever, and broke multiple records along the way," Mr Cook said.
Apple had suffered three quarters in a row of falling revenue as mounting competition, particularly from Chinese rivals, hit sales of its flagship iPhone.
In April, the firm reported its first fall in quarterly revenue since 2003, hurt by slowing business in China.
A continued slowdown in iPhone sales - which account for two thirds of income - led to Apple reporting a drop in annual revenue in October, the first such fall in 15 years.
Mr Cook said demand was particularly high for the larger iPhone 7 Plus during the quarter.
The iPhone 7 models - which were released in September and included an improved camera but ditched the traditional headphone socket - now account for about 17% of Apple's phone sales, according to research firm Localytics.
Apple said it had sold 78.3m iPhones in the three months to 31 December, up from 74.8m a year before.
It reported revenue of $54.3bn from iPhone sales, along with $7.2bn from the Mac, $5.5bn from the iPad and $4.0bn from other products, including the Apple Watch.
Services boom
Revenues from its services division - including the App Store, Apple Music and iCloud - were $7.1bn. The segment is now close to overtaking the Mac as Apple's second biggest source of revenue.
"Services obviously continues to be a real success story for them," said Jackdaw Research analyst Jan Dawson. "It's one of the fastest-growing segments they have, driven largely by the App Store."
Analysts expect growth in services to help offset declining hardware sales as the smartphone market matures.
Apple executives warned that some customers were holding back on phone upgrades in anticipation of the 10th anniversary iPhone later this year.
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Warren Buffett: I bought $12 billion of stock after Trump won www.reuters.com

 
The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks.
Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc (BRKa.N) since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election
In an interview with talk show host Charlie Rose that aired on Friday night, Buffett suggested that Berkshire's post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought.
"We've, net, bought $12 billion of common stocks since the election," Buffett said. "The guys that work with me, the two fellows, they probably bought a little bit or sold a little bit too."
The speed with which Berkshire is buying stocks is unusual. It has spent in fewer than three months roughly half what it spent on equities in the three years ending Sept. 30, 2016.
Buffett demurred on whether Berkshire has added to its stakes in the four largest U.S. airlines: American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N), Southwest Airlines Co (LUV.N) and United Continental Holdings Inc (UAL.N).
Berkshire revealed those stakes in mid-November, surprising many given Buffett's long aversion to the sector.
Asked why Berkshire dove in, Buffett said: "It was in large part my decision."
Berkshire will likely by Feb. 14 disclose some of the stocks it has bought, in a regulatory filing listing most of its U.S. holdings as of year end.
The Omaha, Nebraska-based conglomerate owned $102.5 billion of equities as of Sept. 30, excluding its stake in Kraft Heinz Co (KHC.O).
U.S. stocks rose after Trump was elected, reflecting investor optimism that his policies might boost economic growth, aided by a Congress also under Republican control.
Buffett said Trump is unlikely to reach his goal of 4 percent annual growth, but that growth at half that level would over a generation add $19,000 per person to real gross domestic product.
"Two percent will produce miracles," Buffett said.
The U.S. economy grew by 1.6 percent last year, the lowest since 2011.
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JTB to invest in Indonesian tour firm www3.nhk.or.jp

 
Japan's biggest travel agent is investing in a leading Indonesian tourism company. JTB hopes to increase the number of Indonesian visitors to Japan.
JTB officials say the travel agent will acquire a 40 percent stake in Panorama Tours Indonesia.
CEO Hiroyuki Takahashi told reporters that Indonesia, the biggest country in Southeast Asia, shows promise as a tourism market.
Japanese government officials estimate about 270,000 Indonesian travelers came to Japan last year. That's up more than 30 percent from 2015.
Takahashi said JTB plans to develop and sell tours that feature attractions all over Japan.
Takahashi also said he hopes JTB tours will contribute to the revitalization of Japan's local communities.
Panorama Tours has more than 50 outlets in Indonesia. JTB's tours will be marketed through Panorama's offices and website.
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Slovenia tourism boosted by Melania factor www.rt.com

 
The number of American visitors to Slovenia significantly increased at the end of the last year, according to data published by the country's national statistics office.
Slovenia being the home country of the new US First Lady Melania Trump is seen as a key factor.
“The interest in Slovenia hasn’t only increased since Trump’s victory but already began when he announced his presidential candidacy. Slovenia, as a boutique holiday destination, has become better known among the US public and media. Due to the increased interest, the Slovenia Tourism Board (STB) plans its most intense digital campaign ever in the US market for 2017,” said STB spokesperson Livija Kostantinovic earlier this months as quoted by AFP.
The number of overnight stays by US tourists jumped by 15.4 percent in December and 10.2 percent in the whole of 2016.
Slovenia also saw a 7.6 percent increase in the number of tourist overnight stays with some 11.1 million people visiting the country last year against a rise of 7.2 percent in 2015.
The overall figure of foreign tourist stays rose 10.3 percent in the whole year with most visitors coming from Italy, Austria, Croatia, Germany and Serbia.
Melania Trump's hometown of Sevnica was one of the first to catch the trend of the US First Lady factor.
A local bakery started selling “First Lady” apple pies from apples grown in Slovenia, featured a letter ‘M’ on top and a paper US flag attached.
Melania cakes, Melania pancakes, and Presidential Burgers are offered in restaurants and cafes across the small town nestled in the foothills of the Alps.
The government expects tourism to add to Slovenia's economy that is expected to expand by 2.9 percent this year versus some 2.3 percent in 2016.
Slovenia is famous for its affordable skiing and snowboarding resorts offering holiday-makers winter atmosphere of snow-covered mountains and 300 kilometer-long slopes.
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Eurozone inflation at highest in four years www.rt.com

 
Inflation in the eurozone has jumped by more than expected to 1.8 percent in January from 1.1 percent in the previous month, the statistics authority Eurostat said. The inflation pickup came on the back of a sharp rise in energy prices.
According to the data, the annual increase in consumer prices in January was the fastest since early 2013. The figure was almost in line with the European Central Bank’s target which wants to keep inflation just below two percent.
Core inflation which excludes energy and food costs remained at 0.9 percent in January.
Some policy makers have already put into question the European Central Bank’s (ECB) appropriate degree of monetary stimulus for the 19-nation currency bloc, calling for the bank to scale back its bond-buying program.
“The renown ‘powerhouse’ of the eurozone is now putting significant pressure on the ECB President [Mario Draghi] as Euroskeptics are quickly pointing out that stimulus measures are falling far short of creating a balanced and improved bloc state..,” the head of Dealing at Foenix Partners, Alex Lydall told the Guardian.
“Draghi is erring on the cautious side, but this type of data makes it harder for him to defend his position,” Holger Sandte, chief European analyst at Nordea Markets in Copenhagen was cited as saying by Bloomberg. “New projections could force him into changing his tone.”
Eurostat statistics show eurozone economic growth accelerated at the end of 2016, up by 1.8 percent in the fourth quarter from a year earlier. The euro area outperformed the US economy last year, growing by 1.8 percent in comparison with the United States’ 1.6 percent growth.
The eurozone's unemployment rate fell to 9.6 percent in December, which is the lowest rate since May 2009. There are still more than 20 million people out of work in the EU, including 15.571 million in the euro area.
Germany’s job market has remained as strong as ever with the jobless rate down to 5.9 percent. Greece suffered the worst jobless rate (at 23 percent in October 2016) followed by Spain (18.4 percent).
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Nickel price picked as 2017 winner www.mining.com

Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound ) in February last year; then rallied to more than $11,700 by mid-November only to fall back nearly 20% to trade at a six-month low on Friday.

Nickel, mainly used as an anti-corrosive in steel alloys, rallied in 2016 on the back of a clampdown on mines in the Philippines which took over as the main supplier to China following an ore export ban in Indonesia in place since 2014.

Nickel price picked as 2017 winnerNickel price picked as 2017 winnerThe market was rocked earlier this month when Indonesia abruptly announced a partial lifting of the ban allowing exports of up to 5.2 million tonnes of nickel ore this year.

In a new report Capital Economics, a London-based independent research house, believes of all industrial metals, the nickel price has the best prospects to improve adding that "the market is tightening [following years of underinvestment in new mines] and it is still too soon to say what the partial lifting of Indonesia’s ban on ore exports will mean for supply."

In addition supply from the Philippines may remain constrained. Final results of an audit of the mining sector in the Asian nation ordered by President Duterte is expected this week.

Some 11 mines have already been shut down for failing to comply to stricter environmental rules and a further 20 are under threat. Capital Economics says ultimately 50% of the country's mining capacity could be closed:

However, there are other sources of supply, notably from New Caledonia, that are chomping at the bit to take market share. In late December, the New Caledonia government approved requests from nickel miners to export over 2 million additional tonnes of ore to China. (The government restricts ore exports in a bid to encourage domestic processing.)
Nickel price picked as 2017 winner
On the demand side Capital Economics estimated growth in 2016 at a robust 6.2%, but the firm warns that China’s stainless steel production have have ran ahead of demand last year. Demand for nickel could get a bump from fiscal stimulus in the US, but given the relatively small global share of US nickel consumption, the impact may be limited.

Notwithstanding the likelihood of slower growth in demand, Capital Economics continues to expect that the market will record another deficit in 2017 putting a floor under prices in 2017.

Capital Economics sees the price of nickel climbing to $11,500 per tonne by the end of the year (that's a 20% jump from today's price), with further upside predicted in 2018. That makes nickel the metal Capital Economics is by far the most bullish about.

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McDonald's to open at least 50 new restaurants in Russia in 2017 www.reuters.com

McDonald's (MCD.N) plans to open more than 50 restaurants in Russia this year and hopes to sign more franchising deals to expand in existing and new regions, the local unit's chief executive said on Tuesday.

The fast-food chain opened 73 restaurants in Russia last year, exceeding its forecast. Of the newly-opened restaurants, 65 are company-owned, Khamzat Khasbulatov, head of McDonald's Russia, told a news conference.

Khasbulatov said the target for new outlets in 2017 did not signify the company was slowing the pace of its expansion.

"(The situation) has not got better or worse, 50 is not a small number, we are just giving more freedom to our partners and time to gather pace," said Khasbulatov.

McDonalds currently has three franchisees in Russia, two of which have been opening its outlets in the Urals and Siberia. Franchisees operate 92 restaurants out of its total of 609.

"The (franchising) program will develop, we are looking for new partners," Khasbulatov said.

He added the company aimed to bring the share of local suppliers to almost 100 percent by the end of 2018 from the current 85 percent and was encouraging suppliers to develop production in Russia - a move likely to shield it from currency swings and any import restrictions.

In 2014 Russia banned many food imports in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. The food embargo, which is still in place, has driven up prices and gave a boost to the Russian agriculture industry.

(Reporting by Maria Kiselyova and Olga Sichkar; Editing by Christian Lowe)

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Russian Social Network Vkontakte Sues Data Mining Companies www.themoscowtimes.com

Russian social network Vkontakte is suing two data-mining companies who used its website to gather information on users without permission.

The two companies, Double Data and the National Bureau of Credit Histories, will appear in the case at Moscow’s Arbitration Court.

Double Data collects information on users’ place of work, study, and friends from their social media page in a bid to compile a credit history, according to court documents. The company mines this publicly-available data without permission from Vkontakte or the users’ themselves.

Vkontakte claims that Double Data’s work slows the speed of their site, and is demanding symbolic compensation of one ruble ($0.02).

Double Data’s General Director Maxim Ginzhuk has said that his firm will fight the case, accusing the social network of launching the law suit to eliminate the company as a competitor. The company behind Vkontakte, the Mail.ru Group, recently began to invest in big data analysis software designed to assess credit risk, the Kommersant newspaper reported Tuesday.

With more than 88 million registered users in Russia and 143 million worldwide, Vkontakte remains the most popular social network in Russia, with more than eight times the daily users of leading international social network Facebook.

It is the second popular website in Russia in terms of daily visitors, out ranked only by Russian-language search engine Yandex.

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Brazil's former richest man Eike Batista sent to prison www.bbc.com

 
Former Brazilian oil and mining tycoon Eike Batista has been transferred to a high security prison in Rio de Janeiro after being arrested on arrival from New York.
Once Brazil's richest man, he has been accused of paying millions of dollars in bribes to secure contracts with Rio's state government.
Mr Batista has denied any wrongdoing.
He has promised to help the authorities in their efforts to tackle corruption which he says is widespread in Brazil.
Before boarding the plane and turning himself in to police, Mr Batista said he was returning to Brazil to clear his name.
"I'm at the disposal of the courts," he told O Globo newspaper in New York. "As a Brazilian, I am doing my duty."
Under Brazilian law, Mr Batista would have been sent to a special prison wing if he had a university degree.
But as he dropped out before finishing his engineering degree in Germany, he will be serving time in an ordinary cell with six other inmates at the Bangu penitentiary.
Many Brazilian jails are overcrowded and controlled by criminal gangs.
The authorities in Rio say, however, that is not the case at Bangu.
German passport
Mr Batista was met by police as he landed in Rio on Monday morning.
He was escorted off the plane and initially taken to the Ary Franco prison in Rio.
After undergoing medical exams and having his hair cut short, he was transferred to the high security prison in the outskirts of the city.
Mr Batista was declared a fugitive by Brazilian officials after police raided his estate in Rio de Janeiro last week and found he had left for New York just hours earlier.
BBC South America business correspondent Daniel Gallas says there was much speculation on whether Mr Batista would return to Brazil or use his German passport to flee to Europe.
But Mr Batista said the trip to New York was not an attempt on his part to flee justice.
He is now due to be questioned about his alleged involvement in a corruption ring involving powerful business people and influential politicians in Rio de Janeiro state.
Investigators accuse Mr Batista of paying the then-governor of the state, Sergio Cabral, $16.5m (£13.2m) in bribes to win government contracts.
Mr Cabral was arrested in November as part of a larger corruption investigation dubbed Operation Car Wash.
As a result of Operation Car Wash, more than 100 people, including Brazil's most powerful building tycoon, Marcelo Odebrecht, have been convicted of crimes such as bribery, racketeering and money-laundering.
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11th International Mongolian Studies Conference in Washington www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The 11th International Mongolian Studies Conference was held on January 27-28 at the Embassy of Mongolia and at the Library of Congress in Washington, DC, USA.
Over 80 Mongolists from the United States, People’s Republic of China, Russian Federation, former U.S. Ambassadors to Mongolia and Mongolians reside in the United States participated in the conference, which coincided with the 30th anniversary of the establishment of diplomatic relations between Mongolia and the United States.
Moreover, with the very first live broadcasting of the conference on internet, many Mongolians and those who are interested in Mongolian studies worldwide, were able to watch the conference online.
Ambassador of Mongolia to the US, Altangerel Bulgaa stated in his remark that “Not only has the three decades long cooperation broadened in many areas, including politics, commerce, defense, education and culture, but also in mutual support on international arena, which satisfies me”. He also expressed his view that the conference has been playing an essential role in promoting Mongolian rich history, language, culture and traditions throughout the United States as well as deepening the mutual understanding and friendship between the peoples.
The first day of the conference touched on theme "Mongolia and the United States relations”. Presentations on “30 years of United States-Mongolia relations-Trends” by Dr. Alicia Campi, “The Significance of Mongolia’s Third Neighbor Foreign Policy” by Bolor Lkhaajav (University of San Francisco) and “Contributions of Buddhist Monks for the Mongolia-United States Relations” by Mr.Luvsanjamts Davaanyam (Gandantegchilen Monastery) were made at the Embassy of Mongolia.
Then, the conference continued at the Library of Congress where Ambassador Altangerel Bulgaa gave a comprehensive speech on “Mongolia and United States Relations in 30 Years”, while Professor John W.Williams from Principia College delivered the keynote speech on “The First Draft of History Has a Poor Memory: The Dilowa Khutugtu in American Journalism”.
During the second panel of the conference held on January 28, topics such as Mongolian history, archeology, Mongolian community in the United States, philology were discussed.
The Mongolian Cultural Centre, a non-profit organization established in 2007, has been promoting Mongolian language and culture in the United States and developing Mongolian studies through its activities, including the annual Mongolian Studies Conference.
 
 
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