1 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      2 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      3 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      4 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      5 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      6 EIGHT COMPANIES ANNOUNCE TO DISBURSE DIVIDENDS SO FAR WWW.ZGM.MN PUBLISHED:2019/02/20      7 MONGOLIA'S PROSTITUTION ZONES, WHERE WOMEN TRADE SEX FOR FUEL IN SUB-ZERO TEMPERATURES WWW.TELEGRAPH.CO.UK PUBLISHED:2019/02/20      8 MONGOLIA TO SUSPEND KFC OUTLETS FOR INQUIRY AFTER FOOD POISONING REPORTS WWW.CNBC.COM PUBLISHED:2019/02/20      9 MIAT TO FLY BETWEEN ULAANBAATAR AND GUANGZHOU WWW.NEWS.MN PUBLISHED:2019/02/20      10 NEW BOOK ABOUT MONGOL EMPIRE’S IMPACT ON ISLAM WWW.NEWS.MN PUBLISHED:2019/02/20      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     II/19-НИЙ ДОТОР 24 ХК НОГДОЛ АШИГ ОЛГОХТОЙ ХОЛБООТОЙ ШИЙДВЭРЭЭ ГАРГАЖ , СЗХ-НД ХҮРГҮҮЛСЭН БАЙНА WWWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     ӨНГӨРСӨН САРД 23.9 МЯНГАН ЖУУЛЧИН ХҮЛЭЭН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ЭРЧИМ ХҮЧНИЙ ИМПОРТ БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ТАТВАР ТӨЛДӨГ 191 МЯНГАН ААН-Н 95.9 ХУВЬ НЬ БИЧИЛ БИЗНЕС ЭРХЭЛДЭГ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     НИЙТ НУТГИЙН 70 ОРЧИМ ХУВЬ НЬ ЦАСТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/20     ХАНБОГД-ОЮУТОЛГОЙГ ХОЛБОСОН ЗАМЫН НЭЭЛТ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2019/02/20     ЗГҮЦ-ЫН АНХДАГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА МХБ-ИЙН ҮЙЛ АЖИЛЛАГААНЫ ОРЛОГО БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19     “TEMASEK HOLDINGS” КОМПАНИ “TRQ” ДЭХ ЭЗЭМШЛИЙН ХУВИА 28 ХУВИАР БУУРУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19    

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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HP Enterprise just bought a $1 billion startup for $650 million www.businessinsider.com

 
HP Enterprise has bought SimpliVity, a Massachussetts-based storage startup, for $650 million in cash.
 
At the time of SimpliVity's last fundraising, in March 2015, the company had declared that it was valued at "more than $1 billion." All in all, SimpliVity had raised $276 million from investors like Kleiner Perkins, Accel, and Waypoint Capital.
 
That discounted purchase price is not an encouraging sign for the viability of "unicorn" startups of $1 billion or more. In 2017, companies like Snap, Spotify, and Dropbox will likely have to justify their enormous valuations to Wall Street, and deals like this one will only enhance investor skepticism.
 
SimpliVity competed most directly with Nutanix, a fellow former "unicorn" with a private valuation of $2 billion, that went public in September 2016.
 
Both companies were racing to make a dent in the market for so-called "hyperconverged" infrastructure, a more cost- efficient way of handling data center-scale server storage that poses a threat to hardware giants like Dell EMC and HP Enterprise. Spending in this market is expected to reach $19 billion by 2018, Gartner predicts.
 
By buying SimpliVity, HP Enterprise takes the startup's capabilities and adds it to their own — crucial as the company moves to compete with the combined Dell EMC juggernaut, following the close of their mega-merger. Dell EMC, for its part, has been investing heavily in the market, and resells Nutanix hardware to its customers.
 
On a final note, SimpliVity has an interesting background: Founder and CEO Doron Kempel was once part of an elite Israeli special forces unit charged with killing Saddam Hussein, on a failed 1992 mission that resulted in five casualties. Afterwards, Kempel moved to the United States to work for EMC and, later, IBM.
 
More recently, SimpliVity was tapped as consultants for the most recent season of HBO's "Silicon Valley," where they helped the showrunners make sure that Pied Piper's "beautiful box" was as realistic as possible.
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Tibet leads in China's electricity consumption growth www.chinadaily.com

LHASA - Tibet reported the fastest growth in electricity consumption across China last year as its economy continued to grow at a double-digit rate for a 24th consecutive year.

Tibet consumed 4.18 billion kilowatt hours of electricity in 2016, up 21.4 percent, according to an industry report.

The region achieved a gross domestic product of 115 billion yuan ($17 billion) in 2016, 11.5 percent up on 2015, according to the local annual legislative meeting held last week. The rate is nearly 5 percentage points higher than the national average.

Two electricity transmission lines, one from Qinghai and the other from Sichuan, were put into operation in 2012 and 2014.

With the power grid now covering nearly 80 percent of counties in Tibet, electricity consumption in rural areas has grown.

The region is also replacing coal burning with electricity.

"A total of 142 million kilowatt hours of electricity replaced coal in 2016," said Liu Xiaoming with the State Grid's Tibet Electric Power Co. "The region is expected to replace 177,100 tons of coal with one billion kilowatt hours of electricity."

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Tech firms hope to seek opportunities in Israel www.chinadaily.com.cn

 
A Beijing-based online game company, 7k7k.com, hopes to learn more about the Israeli market to prepare for possible business opportunities there.
 
The company attended a conference called Why Israel, held by Great Wall Club on Tuesday, where experts and industry insiders shared their insights on Israel and experiences in working with the Israeli people.
 
"We don't have business there (in Israel) right now. But we are very interested in it," said Deng Lu, business development director of the company.
 
7k7k.com is one among many Chinese companies that have shown zest for the Middle Eastern country.
 
Shengjing FOF, a Chinese fund that invests globally, has teamed up with Chinese tech giants in investing Israeli's venture capital fund Jerusalem Venture Partners and private equity fund Viola.
 
Managing partner of Shengjing FOF Wang Xiangyun believed that the innovative and entrepreneurial climate in Israel is second only to the Silicon Valley in the United States.
 
The premier investment environment featuring openness to foreign capital, sound legal system, and excellent exit channels makes Israel a good place to invest, she said at the meet.
 
According to Chinese news outlet the Economic Observer citing data by Israel Venture Capital, the total amount of Chinese investment in Israeli startup companies is expected to reach $500 million and Chinese investment in Israeli VC funds is expected to rise 18 percent to $1 billion in 2016.
 
Israel gives top priority to education, scientific research and innovation, said Han Jun, deputy chief appraiser of the National Center for Science and Technology Evaluation and former technology counselor of the Chinese embassy in Israel.
 
Israel's R&D input accounts for 4.5 percent of its gross domestic product (GDP), its education input takes up eight percent of the GDP, and it ranks first worldwide in the number of per capita patent applications, according to Han.
 
"Innovation is embedded in the DNA of the Jewish people," Han reckoned. Over many years of work in Israel, he found that the Jewish people are diligent, frugal, efficient, and down-to-earth. Chinese companies should take into account these traits while communicating with them, he added.
 
Israelis seek business opportunities via financial advisors, business events, hangout places for entrepreneurs, start-up communities, referral from other entrepreneurs, among others, said Li Xiaoyuan, deputy general manager of the Israel Chamber of Commerce in China, which has around 120 members, of which 70 percent are Israeli companies.
 
The Global Mobile Internet Conference (GMIC), to be held on Tel Aviv on March 22, will be a good opportunity for communication between Chinese and Israeli tech companies, Great Wall Club chief executive Hao Yi said.
 
Tel Aviv will be GMIC's first leg around the globe this year, followed by eight other cities including Beijing, Sao Paulo and Bangalore. More than 1,000 companies attended the GMIC in Tel Aviv last year.
 
To add its appeal, the GMIC-X, a gala that brings music and technology together and received 430 million online clicks when debuted in Beijing last year, will stage in Tel Aviv for the first time, Hao said, welcoming companies to take the chance to interact with Israeli locals.
 
Since its founding in 2008, Great Wall Club has been committed to building a platform for global innovators. It has held the GMIC in the past eight years, turning it into the world's largest and most influential mobile internet event.
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DRC drops opposition to Lundin copper deal www.mining.com

The Democratic Republic of Congo has dropped its opposition to the sale of the Tenke Fungurume mine by Freeport-McMoRan (NYSE:FCX) and Lundin Mining’s (TSX:LUN) to Chinese investors for $3.8 billion.

State-owned Gecamines which owns 20% of the copper mine, strongly opposed the deal and in October opened an arbitration case in Paris. Gecamines was particularly unhappy about Lundin’s right of first refusal to take up a majority stake and its subsequent decision to sell its 24% interest in Tenke to a Chinese private equity firm for $1.14 billion over Gecamines' objections.

According to a report by Bloomberg, Gecamines would receive an undisclosed amount in compensation:

Gecamines has opposed similar transactions in the past. In 2012, it almost stopped the acquisition of Anvil Mining NL by China’s Minmetals Resources Ltd. The deal proceeded after they reached an agreement that included Anvil paying $55 million to Gecamines.
The Lundin transaction came after joint-venture partner Freeport-McMoRan (NYSE:FCX) signed a deal to sell its 56% holding in the project to China Molybdenum (CMOC) for up to $2.65 billion back in May.

Tenke, which cost $3 billion to build, holds one of the world’s largest known copper resources. The high-grade mine in 2015 produced 203,965 tonnes of the red metal and just over 16,000 tonnes of cobalt.

Even in its current form Tenke is a prized asset notwithstanding its location in one of the more difficult mining jurisdictions in the world. But a contemplated expansion of the mine would likely boost copper cathode production capacity towards 500,000 tonnes per year.

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Japanese firms likely to review Europe strategy www3.nhk.or.jp

Japanese companies will likely review their business strategies for Europe as British Prime Minister Theresa May says her country will take a "hard Brexit" and seek a complete withdrawal from the European Union.

Japan's Foreign Ministry says over a thousand Japanese companies had their regional headquarters in Britain as of October 2015. Only Germany had more in Europe.
Many Japanese firms regard Britain as a business hub for the region. The country's official language is English and its environment is seen as business-friendly.

Many Japanese automakers including Nissan, Toyota, and Honda operate factories in Britain.

Nissan officials announced last October they would continue production there after the country leaves the EU. They said the UK government's support and assurances encouraged their decision.

But Nissan officials might now review their production system. That's because Britain leaving the EU-single market could result in tariffs being imposed on vehicles exported from the UK to EU member nations.

The automaker plans to examine how Britain's complete withdrawal will affect its business.

Japanese pharmaceutical firms may also reconsider their strategies. The European Medicines Agency tests drug products and is based in London. The body needs to approve products before they can be sold in EU countries. But experts say the EMA may re-locate after Brexit.

The head of a Japanese association of drug makers has expressed concern over how Britain's decision could affect Japan's medical industry.

Yoshihiko Hatanaka, the president of the Japan Pharmaceutical Manufacturers Association, says separate approval systems between Britain and the EU will make a significant impact on the markets.

Many Japanese financial firms that operate in Europe may also be affected. That's because they use the EU's "single passport" system. It allows companies legally established in one member country to provide services throughout the bloc.

Sumitomo Mitsui Banking Corporation and Daiwa Securities obtained a single passport in Britain. But their passports could become invalid after Brexit.

Analysts say they might now apply for a single passport again in the EU by leaving London and setting up a business base elsewhere.

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President Ts.Elbegdorj attends World Economic Forum www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The President of Mongolia Tsakhiagiin Elbegdorj is attending the 47th annual meeting of the World Economic Forum at Davos-Klosters, Switzerland. The World Economic Forum Annual Meeting 2017 is running on 17-20 January with theme “Responsive and Responsible Leadership”.

Within the framework of the forum, President Ts.Elbegdorj is to participate in sessions, meetings and discussions regarding issues on priorities of next US administration, energy priorities of the region, silk road, responsible leadership in the multi-polar world and mining and nature protection policy, expressing position of Mongolia and sharing his views.

Mongolian participation in the forum at high level is considered highly significant to promote the country, give its contribution to resolve global problems and challenges, introduce the current state of economic development of the country and attract foreign investment.

The World Economic Forum Annual Meeting in Davos-Klosters is considered a creative force for engaging the world’s top leaders in collaborative activities to shape the global, regional and industry agendas at the beginning of each year.

This year, the meeting will focus on four key leadership challenges for 2017: strengthening global collaboration, revitalizing economic growth, reforming capitalism and preparing for the Fourth Industrial Revolution – a huge leap powered by the digital age, which is transforming the way we live and work. It will do this through a programme where more than half of the 400 sessions focus on social inclusion and development.

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Uber to invest more than $60 million in Sao Paulo support center www.reuters.com

 
Ride-hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million reais ($62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation.
 
The new facility in Sao Paulo may employ up to 7,000 people by the end of the year, providing technical support for around 9 million users in Brazil along with thousands of drivers, the company said in a statement.
 
Uber's latest investment in Brazil comes just weeks after Didi Chuxing, China's largest ride-hailing company, announced it was investing more than $100 million in Brazilian company 99, an on-demand taxi and ride sharing service.
 
After a bruising battle in China, Uber agreed in August to sell its unit there to Didi, which is also investing $1 billion in San Francisco-based Uber Technologies in the deal.
 
Didi has also formed an alliance with Lyft in the United States, India's ride service Ola and Southeast Asian startup Grab in an effort to compete with Uber's global dominance.
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Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages www.reuters.com

 
Deutsche Bank (DBKGn.DE) (DB.N) finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.
 
Deutsche's agreement represents the largest resolution for the conduct of a single entity in misleading investors in residential mortgage-backed securities, the department said in a statement. The settlement was higher than the $7 billion paid by Citigroup to federal and state authorities in 2014.
 
"Deutsche Bank did not merely mislead investors: it contributed directly to an international financial crisis," Attorney General Loretta Lynch said in the statement.
 
John Cryan, Deutsche's chief executive, said that the bank's conduct between 2005 and 2007 fell short of standards and was "unacceptable." He said the bank had exited many of the underlying activities and improved standards.
 
Deutsche Bank ADR-listed shares closed down 3.2 percent to $18.56 on the New York Stock Exchange.
 
The Frankfurt-based bank announced it had reached the agreement in principle with U.S. authorities on Dec. 23.
 
Its stock price hit a record low in September after the bank acknowledged the Justice Department made an opening demand of $14 billion.
 
The Justice Department reached $46 billion in settlements with U.S. banks over the shoddy securities that contributed to the U.S. housing market collapse and financial crisis before turning to Deutsche and other European banks.
 
Other banks paid more than Deutsche, but their settlements also included wrongdoing by institutions they acquired during the crisis. Bank of America Corp (BAC.N), for instance, agreed to pay $16.7 billion, which also covered Merrill Lynch and Countrywide Financial. JPMorgan Chase & Co (JPM.N) settled for $13 billion, including misconduct by Washington Mutual and Bear Stearns.
 
As part of its deal, Deutsche Bank will pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief to homeowners, borrowers and communities harmed by its practices.
 
The bank also agreed to a statement of facts that describes how it made false and misleading representations to investors about the loans underlying billions of dollars worth of mortgage securities issued by the bank in 2006 and 2007.
 
In May 2006, a supervisor is quoted as warning a senior trader that a loan originator would underwrite loans to anyone with "half a pulse", according to the statement of facts.
 
The supervisor also said that month that Deutsche Bank, among others, "tolerate[d] misrepresentation" from originators who accepted blacked out pay stubs to state that borrowers had higher incomes.
 
Deutsche Bank also knew appraisals were inflated, and concealed second liens on properties.
 
The preliminary deal with Deutsche was made public before Christmas as U.S. probes of other European banks over the shoddy securities also came to a head.
 
Zurich-based Credit Suisse announced that it had agreed in principle to a $5.3 billion settlement, and the Justice Department sued Barclays Plc (BARC.L) and two former executives for fraud for allegedly deceiving investors about the quality of loans underlying tens of billions of dollars of the securities.
 
Separately, Deutsche Bank will slash bonuses for senior employees by about 90 percent, a move that will be announced on Wednesday, Spiegel reported.
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India loses position as world’s fastest-growing economy www.rt.com

 
The International Monetary Fund said India’s growth slowed last year, with the economy falling back behind China. The slowdown is attributed to the Indian government’s demonetization which has caused a cash crisis in the country.
 
According to the IMF World Economic Outlook, India’s economic growth stood at 6.6 percent in 2016 compared with China's 6.7 percent. In 2015, Indian growth was 7.6 percent.
 
The IMF said it had lowered forecasts for India growth in the current fiscal year due to "temporary negative consumption shock" of the currency invalidation.
 
"In India, the growth forecast for the current (2016-17) and next fiscal year were trimmed by one percentage point and 0.4 percentage point, respectively, primarily due to the temporary negative consumption shock induced by cash shortages and payment disruptions associated with the recent currency note withdrawal and exchange initiative," the IMF said.
 
Last week the World Bank also decelerated India's GDP growth for 2016-17 fiscal year to seven percent from its previous estimates of 7.6 percent.
 
Indian Prime Minister Narendra Modi announced in November the government’s decision to withdraw the two largest rupee notes, explaining the move as part of the fight against corruption.
 
The discontinued 500 and 1,000 rupee bills (worth about $7.35, $14.7) made up 86 percent of India's currency in circulation.
 
The dramatic decision caused chaos as cash machines began to run out of money with people rushing banks to exchange the old currency.
 
Government figures showed India grew at 7.3 percent in the quarter that ended in September, before the cash ban.
 
The IMF said it expects India’s economy to recover to 7.2 percent growth this year and accelerate to 7.7 percent in 2018. China is projected to continue decelerating, to 6.5 percent in 2017 and six percent the year after.
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UB city government bans serving and selling of beverage containing alcohol www.gogo.mn

Alcoholic products won`t be sold or served in Ulaanbaatar city from 6pm today until Jan 20th. 
On Jan 16, five people died of poisoning after drinking undefined liquid as reported by the officials, which might be alcoholic product. The undefined liquid is now being examined while the ban on selling and serving of alcoholic products will be effective until the final examination result. 
Police Department warns citizens and entities to cooperate and obey the decision.

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