1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     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    

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

64x64

1-m tsunami on coast of Fukushima Daiichi plant www3.nhk.or.jp

The operator of the Fukushima Daiichi nuclear power plant says tsunami waves reached the coastline next to the plant on Tuesday morning, but have caused no problem so far.

A magnitude 7.4 earthquake struck off the coast of Fukushima Prefecture, triggering tsunami.

Tokyo Electric Power Company told the prefectural government that a tsunami as high as 1 meter was observed at 6:34AM.

The utility said there has been no change in radiation levels at the site. It says workers are patrolling the reactor buildings and the embankment area to monitor the situation.

...


64x64

Mongolia makes up 11 percent of China’s coal import www.mongolia.gogo.mn

Mongolia makes up 11 percent of China’s coal import. Coal price has doubled compared to the same period of the previous year to reach USD 103.7 per ton.
As of September this year, Mongolia made up 11 percent of the total coal import of China, Mongolia’s main coal consumer.
Mongolia’s coal export reached its peak in 2011, having constituted 47 percent of the country’s annual export.
The economy grew by record 17.3 percent that year. In 2011, Mongolia supplied 26 percent of China’s coal import.
...


64x64

Mongolia selected as Vice Chair of UNESCO’s IPDC www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Intergovernmental Council of the International Programme on Development of Communication (IPDC) by the UNESCO selected Mongolia to be its Vice Chair for 2013-2017. The council consist of representatives from 39 countries.
 
Mongolia is being represented by Mongolia’s committee chairman Kh.Naranjargal.
 
The IPDC aims at promoting the development of mass media in developing countries, and have carried out some 1,500 projects totaling USD 100 million in more than 140 countries.
...


64x64

Trump: US to quit TPP trade deal on first day in office www.bbc.com

President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House.
He made the announcement in a video message outlining what he intends to do first when he takes office in January.
The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy.
The Republican also pledged to reduce "job-killing restrictions" on coal production and stop visa abuses.
But there was no mention of repealing Obamacare or building a wall on the southern border with Mexico, two actions he said during the campaign he would do as soon as he assumed power.
His surprise election win two weeks ago has sparked protests across the US.
The TPP was agreed in 2015 by countries including Japan, Malaysia, Australia, New Zealand, Canada and Mexico, but is not yet ratified.
Its aim was to deepen economic ties and boost growth but its opponents say it was negotiated in secret and it favours big corporations.
Asia-Pacific leaders meeting in Peru over the weekend said they will continue to pursue free trade deals despite Mr Trump's opposition.
But on Monday, Japanese Prime Minister Shinzo Abe said the TPP trade deal would be meaningless without the involvement of the US.
In the video message, Mr Trump said his governing agenda would be based on "putting America first".
The six executive actions he would take on day one are:
issuing notice of withdrawing from TPP
cancelling restrictions on US energy production
cutting regulations on businesses
ordering a plan to combat cyber-attacks
investigating visa abuses that undercut American workers
imposing a five-year ban on people leaving government to become lobbyists
The president-elect has spent the last week starting to put together his new team.
The people around Donald Trump
He said in the video that "truly great and talented men and women, patriots are being brought in and many will soon be a part of our government".
Some key appointments have been made, but not without controversy.
Alabama Senator Jeff Sessions, who was turned down as a federal judge in 1986 due to racism complaints, will head the Justice Department.
And the news that Steve Bannon, former editor-in-chief of the conservative Breitbart website, was the new White House strategist was welcomed by former Ku Klux Klan leader David Duke.
One of Trump's immigration advisers, Kris Kobach, was unwittingly photographed meeting him while holding a document on view that contained some hardline proposals.
Among them was the re-introduction of registration for people arriving from mostly Muslim countries, which was brought in after the September 11 attacks but later dropped.
...


64x64

Wall Street at new record as oil prices jump 4% www.bbc.com

(Close): Stocks on Wall Street closed at a record high as oil traded sharply higher. The Dow reached 18,956.
The price of oil jumped more than 4% on hopes that the Opec group of oil producing nations will agree to cut output when it meets next week.
Brent crude rose $2.25 to $49.11 a barrel while US light crude climbed $2.05 to $48.41 a barrel.
Oil companies were buoyed by that news, with Marathon Oil closing 5.1% higher and Exxon Mobil adding 1.3%.
All three major stock indices set new records.
The Dow Jones Industrial Average rose 88.76 points to 18,956.69, while the wider S&P 500 index closed 16.28 points higher at 2,198.18.
The tech-focused Nasdaq index jumped 47.35 points, to end the day at 5,368.86.
Shares in Facebook rose 4.1% after the social media giant announced on Friday that it was planning to buy back up to $6bn of its shares early next year.
Security software maker Symantec agreed to buy LifeLock, a company that offers protection against identity theft and fraud for $2.3bn. LifeLock's shares rose 14.7%.
...


64x64

Shell in court over Niger Delta oil spill claims www.rt.com

London's High Court has begun a four-day hearing over Nigeria’s claims against Royal Dutch Shell and its subsidiary SPDC. They are accused of environmental damage caused by oil pollution.
Two legal claims have been brought to the court on behalf of over 40,000 Nigerians.
 
The Nigerian community of 2,335 people, mostly fishermen, say their environment has been devastated by oil spills in the past five years.
 
Another community which consists of roughly 40,000 people claim repeated oil spills from Shell’s pipelines have not been cleaned up.
 
In 2011 the United Nations Environmental Program exposed massive levels of pollution caused by oil spills from Shell pipelines in the Ogoniland region of the Niger Delta.
 
Shell insists the areas have been heavily impacted by crude oil theft, pipeline sabotage, and illegal refining. According to the company, those were the primary sources of pollution across the Niger Delta.
 
Under Nigerian law, the company isn’t required to pay compensation for spills caused by sabotage or theft.
 
The oil major argues that only its subsidiary should be held liable and that the cases should be heard in Nigeria where the incidents took place.
 
“The Bille and Ogale communities have chosen to bring these claims in the UK instead of in Nigeria, whose laws govern our operations. We believe that allegations concerning Nigerian plaintiffs in dispute with a Nigerian company [SPDC], over issues which took place in Nigeria, should be heard in Nigeria,” said Shell in a statement.
 
Last year, the company paid out about $80 million to compensate another Niger Delta community, admitting the spills were caused by operational failures.
 
In May, Nigeria’s federal government filed a $6.5 billion claim against Shell on behalf of 350 communities in the Delta and Bayelsa regional states.
 
The oil-rich Niger Delta has generated billions of dollars for the energy company over the past 60 years. Nigeria was one of its most productive areas for crude in 2015.
 
Home to 20 million people and 40 different ethnic groups, the Niger Delta is the largest wetland in Africa and contains one of the highest concentrations of biodiversity on the planet. The unique ecosystem also has more species of freshwater fish than anywhere else in West Africa.
...


64x64

Gap, M&S join movement to disclose global supply chains www.asia.nikkei.com

TOKYO -- An increasing number of apparel brands are disclosing lists online of their factories, mostly in Asia, as the public release of supply chain information becomes a tool for them to show their commitments to promoting healthy workplaces for their subcontractors.

In September, U.S. clothing brand Gap made its supplier list available -- consisting of nearly 900 garment factories in Bangladesh, Cambodia and other countries. The company said it had revised its disclosure policy for supply-chain information seeking to promote global sustainability.

According to Human Rights Watch, an international nonprofit nongovernmental group, at least four major retailers, including Gap, C&A of Germany and British store chain Marks & Spencer, have disclosed their supplier list this year. Previously, Gap was known for its negative stance on the disclosure due to what it called "competition reasons."

Earlier adopters of the disclosure include U.S. sport brand Nike and H&M, the Swedish fast fashion chain. Nike's supplier list includes details about its contract factories such as the number of workers by location and the proportion of female and immigrant labor.

Seeking endorsement from society

Major Western apparel brands and retailers are particularly keen on disclosing their factory list, said Takeshi Shimotaya, a London-based consultant. The lists have been considered closely guarded trade secrets for many manufacturers because making them public could lead to information leaks about specific products. Providing the names of skilled subcontractors to competitors could also harm competitiveness.

Nonetheless, the idea is rapidly spreading around the world that leading manufacturers should be responsible for the working conditions of their subcontractors.

In the late 1990s, Nike was criticized by the international community for ignoring the child labor at its factories in developing countries.

In 2013, a building collapse in the Bangladesh capital of Dhaka killed more than 1,000 workers of factories that manufactured garments for many popular Western brands, including H&M. The accident raised criticism that these brands did not care about the human rights of their subcontractors and led many of them to review their supply chain policies.

Among non-apparel manufacturers, Apple was one of the earliest to make its supplier list public. In the early 2000s, the company was condemned for squalid working conditions at its factories in China. In 2006, the company began improving the working environment of its subcontractors' factories and disclosed the supplier list.

...


64x64

Apple offers free battery replacement for iPhone 6S shutdown problem www.cnn.com

Apple has admitted that some iPhone 6S devices can suddenly shut down for no apparent reason.
The tech giant is offering owners of the problematic smartphones free replacement batteries.
"A very small number" of iPhone 6S devices manufactured between September and October 2015 are affected, Apple (AAPL, Tech30) said in a statement Monday. It didn't provide details on the battery fault that is causing the phones to unexpectedly go dark.

Apple's announcement comes less than a week after a consumer watch group in China launched an investigation into the problem.
"A considerable number" of Chinese users reported their iPhone 6 and 6S devices would suddenly turn off despite showing plenty of battery life, the China Consumers Association said in a statement. The phones would not turn back on even when plugged into chargers, according to the consumer group.
Apple said the battery problem is "not a safety issue." Its big rival Samsung pulled its flagship Galaxy Note 7 smartphone after repeated reports of the devices bursting into flames. Samsung initially said batteries in some Note 7 phones were to blame but is yet to fully explain the cause.

Apple's battery replacement offer for the iPhone 6S applies worldwide. Owners of eligible phones with cracked screens will have to repair them before getting the new battery, Apple said.
Consumers were plagued by a similar iPhone problem earlier this year. A software glitch with the iPhone 6S and 6S Plus caused the battery icon to display more battery life than was actually left, leaving many people frustrated when their phones appeared to suddenly shut down. The company fixed the problem with an operating system update.
And just last week, Apple acknowledged iPhone 6 Plus devices suffer from "Touch Disease" -- when the phone's touchscreen stops working after it has been bent or repeatedly dropped on the floor.
The tech company rolled out a repair program, charging customers $149 to cure the disease.

...


64x64

London attracts one-quarter of graduates from UK universities www.theguardian.com

The challenges faced by the government in tackling the economic dominance of the south of England has been illustrated by a report showing that London is attracting a disproportionate share of graduates.
 
Ahead of Philip Hammond’s first autumn statement this week, the report by thinktank Centre for Cities, published on Monday, found that one in four recent university leavers chose to work in the capital, a brain drain harming the prospects of other cities by depriving them of the skills they need, as the economy shifts towards knowledge-intensive activities.
 
Alexandra Jones, the chief executive of Centre for Cities, said: “The government will not achieve its vision of extending prosperity and growth across the country unless it takes steps to help more cities attract and retain the UK’s top talent.”
 
The report, titled The Great British Brain Drain: Where Graduates Move and Why, used data on university leavers and the jobs market to map where graduates end up. It found that 24% of new graduates from UK universities in 2014 and 2015 were working in London within six months of finishing their degree.
 
Centre for Cities researchers found that London was pulling in graduates with the highest marks from leading UK universities. In 2014-15, the capital attracted 38% of new graduates with firsts and 2:1s from leading research universities, known as the Russell Group, who moved for a job. The figure is about 13 times more than Manchester, the second most popular destination for that group.
 
The report said the trend was clearer still for new graduates from the University of Oxford and the University of Cambridge. London gained 52% of Oxbridge graduates who moved for work after finishing university.
 
Evidence suggested that jobs were the most important factor influencing where graduates chose to move, the thinktank said. They were also attracted by the prospect of good career progression. But researchers found no relationship between graduates moving for work and the wages they were offered in the cities they chose. Policymakers should draw lessons from those findings, Jones said.
 
“Wage subsidies and other specific graduate retention policies will not tackle the root causes of this issue. Instead, the priority for national and local leaders should be strengthening city region economies, and increasing local demand and opportunities for graduates,” she said.
 
“In the autumn statement, the government should therefore focus on boosting economic growth in city regions across the country by investing in large-scale housing and transport projects. It should also use the new economic and industrial strategy to reinforce and complement the devolution deals currently in place for city regions like Greater Manchester, to give them greater scope to grow their economies, and to develop and attract talented workers.”
 
The Centre for Cities study helps build a picture of London’s dominance in the UK economy, illustrated by Observer data published on Sunday showing that 310,000 graduates have left the north of England in the past decade. Jim O’Neill, a former Treasury minister and the architect of George Osborne’s “northern powerhouse”, said more initiatives were needed to reverse the brain drain. The former chairman of Goldman Sachs Asset Management resigned from the government in September.
 
There have been doubts as to whether Theresa May is as committed to the north as her predecessor, David Cameron, with reports suggesting she also wants to focus on other rural and industrial areas in response to the Brexit vote.
 
Council leaders in Manchester, Leeds, Newcastle and Sheffield, along with the Labour candidates for Greater Manchester mayor and the mayor of the Liverpool city region, have written to the chancellor calling for east-west transport links to be made a priority.
...


64x64

Mongolia is Asia`s 6th top gold producing country www.mongolia.gogo.mn

NEW DELHI (dataLEADS/ ANN) - Six countries in Asia produce 91 per cent of gold in the continent. China is the leader of the world’s gold-producing nations.
China became the top producer of gold in 2012. The production rose from 12 tons in 204 to 397 tons in 2013. In 2015, according to GFMS Gold Survey 2016, China produced 458.1 metric tons of the gold. The survey says that China recorded a 14 per cent, a year-on-year gain to a record high.
China is followed by Indonesia. The archipelago in Southeast Asia, according to GFMS Gold Survey 2016, produced 134.3 metric tons of the gold in 2015.
Indonesia is the home to one of the largest gold mines in the world known as the Grasberg Mine. The mine contributes the majority of Indonesia’s gold production.
At the third place comes Central Asian country, Uzbekistan. The country in 2015 produced 83.2 metric tons of the gold. Gold production plays an important role in Uzbekistan economy. In Uzbekistan gold is mostly found in the Kyzylkum Desert where Muruntau Gold Deposit, the largest single open-pit gold mine, is located.
Kazakhstan with 47.5 metric tonnes of production, Philippines with 46.8 metric tonnes and Mongolia with 31.3 metric tonnes are at fourth, fifth and sixth place respectively, according to the survey.
Despite India being the world's biggest buyer of gold, it’s contribution to world gold production is an insignificant 0.5 per cent.
The survey says global mine production increased by just 1 per cent in 2015, reaching 3,158 tones, with gains in countries like Indonesia and the United States overweighing the losses elsewhere, particularly in China.
This represents seventh successive year of increasing mine supply, and is another year of record global output.
...