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

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Mongolia, China aim for 3 million mutual travellers annually www.zgm.mn

Foreign Minister of the People's Republic of China (PRC) Wang Yi is visiting Mongolia until August 25 at the invitation of his Mongolian counterpart Tsogtbaatar Damdin. According to authorities, sides discussed regional and international cooperation, as well as activating Comprehensive Strategic Partnership in selected sectors. Last June, President of Mongolia Battulga Khaltmaa expressed his interest in fastening the projects connected to the economic corridor and his Chinese counterpart announced his alignment with the initiation during a trilateral meeting with the Russian Federation. Also, Mongolia and China have signed 36 agreements worth USD 4.6 billion, including 300MW coal-fired power plant in Buuruljuut and 100MW power project in Zavkhan aimag, during the bilateral business meeting which took place earlier this year. During the three-day visit, Chinese Foreign Minister will visit the Chinggis Khaan airport for the special passage established in the check-in section opened under the Travel Facilitation project of Belt and Road initiation, and attend the opening ceremony of Ulaanbaatar Wastewater Treatment Plant project, which is financed by the PRC under the feasibility study of France.

• Chinese FM to visit Ulaanbaatar Wastewater Treatment Plant.

• Mongolia and China are making effort to increase mutual travelers to 3 million.

• Mr. Wang Yi invites his Mongolian counterpart to visit China next year.

Minister of Construction and Urban Development highlighted that the plant will commission in 2020. Additionally, the Government approved the list of projects to be implemented with the China’s USD 1 billion loan this year. This includes 10 projects, such as the expansion of Erdenet thermal power plant, underpass, meat processing plant and quarantine facility. The loan has a maturity of 20 years, 7-year moratorium and two percent interest. On the first day of his visit yesterday, Mr. Wang Yi met with his counterpart and signed a document on increasing bilateral trade to USD 15 billion. Foreign Minister of Mongolia Tsogtbaatar Damdin informed, “We have agreed to intensify bilateral economic cooperation and discussed the necessity of high-level meetings. Next year marks the 70th anniversary of establishment of diplomatic relations between the two countries. The sides reaffirmed the President Battulga Khaltmaa’s invitation to China next year.” Mr. Wang Yi addressed, “We are focusing on developing bilateral relations in four major areas. Both our countries are making an effort to increase the number of mutual travelers to 3 million. We are pleased to hear that Mongolian President will pay a visit to China next year.” Furthermore, Mr. Tsogtbaatar expressed Mongolia’s interest in developing non-mining sectors, in which the Chinese delegate responded to conduct studies on the matter.

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No alcohol at work, Mongolia tells its civil servants www.xinhuanet.com

ULAN BATOR, Aug. 22 (Xinhua) -- The government of Mongolia has decided to prohibit government employees from drinking alcohol during work hours, and impose a ban on keeping alcoholic beverages at governmental organizations at all levels, the government's press office announced on Thursday.

The government made the decision during a regular meeting on Wednesday in a bid to improve discipline and efficiency among public officials, the statement said.

The decision came after the State Special Security Department of Mongolia had found over 100 alcoholic drinks during its recent unannounced inspections in 18 government buildings.

Anyone found violating the ban will be fired.

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Bilateral trade turnover to be reached USD10 billion by 2020 www.montsame.mn

Ulaanbaatar /MONTSAME/ State Councilor and Minister of Foreign Affairs of the People’s Republic of China Wang Yi is paying an official visit to Mongolia on August 23-25, at the invitation of his Mongolian counterpart D.Tsogtbaatar.

The formal measures of the visit commenced with official talks of the Foreign Ministers. Afterwards, Foreign Minister of Mongolia D. Tsogtbaatar and Foreign Minister of China Wang Yi signed the Memorandum of Understanding between the governments of Mongolia and the People’s Republic of China on marking the 70th anniversary of diplomatic relations of the two countries and ‘2019-2020 Cooperation Plan’ between the Foreign Ministries. Following the signing ceremony, the Ministers made a report to the press.

At the press conference, Minister D.Tsogtbaatar said, “Our official talks wrapped up successfully. We have exchanged views on strengthening bilateral comprehensive strategic partnership relations, deepening mutual understanding and political trust, intensifying trade and economic cooperation and launching big projects. Moreover, the sides agreed to make effort to increase bilateral trade turnover in order to eliminate a dependency of Mongolia’s economy from loans and assistance and to secure balanced sustainable development. 2019 marks the 70th anniversary of establishment of diplomatic relations. The People’s Republic of China is a country that recognized sovereignty of Mongolia and Mongolia backed China on strengthening its position at the United Nations.”

“During the talks held today, we agreed that China would augment its investment to sectors except mining when increasing its investment to Mongolia. An action of establishing Free Trade Agreement is starting. We also agreed to launch cooperation in ZamynUud-Erenhot zones. The sides review that the visit is effective to activate and continue friendly ties between Mongolia and China,” underlined D. Tsogtbaatar.

Foreign Minister of the People’s Republic of China Wang Yi said, “I have exchanged views with Mongolian side on four matters. Firstly, mutual political trust and support will be enhanced. The comprehensive strategic partnership between the two sides will be enriched with new content. Secondly, bilateral relations will be intensively developed through the opportunities of comprehensive strategic partnership. Thirdly, development of the two countries will be strengthened in accordance with the Road and Belt. Fourthly, bilateral ties will be elevated into a new level on the occasion of the 70th anniversary of the establishment of diplomatic relations between the two countries.”

“Moreover, we reached a number of important agreements: to respect national interests of each other, to protect political foundations of both sides, to carry out Belt and Road in line with the Development Road Program of Mongolia and make a plan of action, to deepen mutually beneficial cooperation. Additionally, the sides signed an intergovernmental Memorandum on celebrating the 70th anniversary of the establishment of diplomatic relations between the two countries. Both sides will work on bringing bilateral trade turnover to USD 10 billion by 2020. In addition, China is willing to accept Mongolia’s proposal to increase the export of agricultural and mining products,” said Wang Yi.

The same day, Foreign Minister Wang Yi paid courtesy calls on the President of Mongolia Kh.Battulga and Speaker of the Parliament M.Enkhbold.

Furthermore, the Minister will attend the launching of construction of a new Wastewater Treatment Plant in Ulaanbaatar on August 25 and will visit rural areas to get acquainted with issues on regional and border cooperation.

B.Batchimeg

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Inflation rate stands at 7.7 percent nationwide www.gogo.mn

The National Statistical Office reported that the overall rate of inflation stood at 7.7 percent nationwide and at 8.8 percent in Ulaanbaatar as of the end of July, nearing a target rate of 8 percent specified in the central bank's Monetary Policy Guidelines for 2018.

Governor of the Bank of Mongolia N.Bayartsaikhan explained that the growth in inflation was mainly driven by supply-side factors. He added that the inflation rate is forecasted to stabilize close to the target rate in the mid-term, even if there has been a temporary increase in the general inflation rate. According to Bank of Mongolia analysts, price hikes for fuel, meat, and vegetables accounted for roughly 50 percent of inflation in Ulaanbaatar as of July.

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8th Asia-Pacific Forum on Renewable Energy takes place in Ulaanbaatar www.gogo.mn

From August 22 through 24, the 8th Asia-Pacific Forum on Renewable Energy is being held in Ulaanbaatar. Over 150 delegates from China, Germany, South Korea, Sri Lanka, Iraq, Japan, and Bhutan are attending the forum to discuss renewable energy development prospects, electricity savings, as well as electricity storage technology.

Minister of Energy Ts.Davaasuren stated, “We hope to discuss cooperation opportunities with delegates in implementing Asia’s 'Super Grid’ project with financing from Asian Development Bank. If the project is successful, Mongolia will be able to export renewable energy to Northeast Asia.”

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China urges Mongolia to speed up FTA talks www.ecns.cn

Chinese State Councilor and Foreign Minister Wang Yi urged Mongolia to speed up the free trade agreement talks when he was meeting Mongolian President Khaltmaa Battulga on Thursday.

Wang said the two countries should expedite the talks on the signing of a free trade agreement, so as to bring substantial benefits to both peoples.

Chinese Premier Li Keqiang made the call when he was hosting Mongolian Prime Minister Ukhnaa Khurelsukh in Beijing in April. Li said China and Mongolia should begin research into a free trade agreement and speed up the launch of a cross-border cooperation zone in a bid to make use of the two countries' complementary advantages.

The bilateral trade volume reached 6.7 billion US dollars in 2017, accounting for 63 percent of Mongolia's total trade. The two countries have set a 10-billion-US-dollar target for 2020.

Wang is currently on a three-day visit to Mongolia.

He praised the bilateral ties, saying China and Mongolia are close neighbors linked by mountains and rivers. Next year marks the 70th anniversary of the establishment of diplomatic relations, and China is willing to take the opportunity to lay out a new blueprint for the future development of bilateral ties, Wang said.

Battulga echoed Wang's calls. The president said Mongolia always regards the bilateral ties as diplomatic priority.

Mongolia hopes to strengthen collaboration in such fields as agriculture, animal husbandry, economy and trade, tourism, and infrastructure construction, so as to bring benefits to both peoples, Battulga said.

'Belt and Road Initiative is no Marshall Plan'

Regarding China's proposed Belt and Road Initiative, Wang Yi applauded Mongolia's active participation and called on efforts to deepen collaboration under the framework.

China is ready to strengthen interconnection and mutual trust with Mongolia within the framework of the Belt and Road Initiative, improve both peoples' livelihood, boost people-to-people exchanges, and continuously promote the cooperation between China, Mongolia and Russia, Wang said.

Wang stressed the Belt and Road Initiative emphasizes public goods that China wants to provide to people all over the world.

It is neither China's Marshall Plan nor a geopolitical instrument, Wang told reporters at a joint press conference with his Mongolian counterpart Damdin Tsogtbaatar.

The Belt and Road Initiative is always based on mutual benefits and trust, transparency and green growth, and the framework abides by international rules and laws in different countries, Wang stressed.

Landlocked Mongolia has also been using China’s transport network as well as its commodities exchanges in order to gain access to foreign markets.

In March, the two countries started another freight trade service linking Caofeidian port in north China's Hebei Province and Mongolia's capital city Ulan Bator. The two sides also signed a strategic cooperation agreement to promote the China-Mongolia-Russia economic corridor.

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Mongolia and China aim to increase trade volume to USD 10 billion www.news.mn

State Councilor of the People's Republic of China and Minister of Foreign Affairs Wang Yi is currently making an official visit to Mongolia. He will stay in Ulaanbaatar on 23-25 August, at the invitation of Mongolian Foreign Minister D.Tsogtbaatar.

Mongolian Foreign Minister D.Tsogtbaatar has held an official meeting with Chinese counterpart Wang Yi. During the meeting, the two sides signed a MoU celebrating the 70th anniversary of the establishment of diplomatic relations between Mongolia and China as well as a cooperation plan between the two ministries for 2019-2020. Wan Yi noted that two sides are aiming to increase trade volume to USD 10 billion by 2020.

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World Bank launches world-first blockchain bond www.reuters.com

SYDNEY (Reuters) - The World Bank has priced the world’s first public bond created and managed using only blockchain in a A$100 million ($73.16 million) deal designed to test how the technology might improve decades-old bond sales practices.

Commonwealth Bank of Australia, the sole manager of the deal, said in a statement that the two-year bonds had priced to yield 2.251 percent and would settle Aug. 28.

The prototype deal, dubbed a “Bondi” bond - standing for Blockchain Operated New Debt Instrument as well as a reference to Australia’s most famous beach - is being viewed as an initial step in moving bond sales away from manual processes towards faster and cheaper automation.

SPONSORED

“You’re collapsing a traditional bond issuance from a manual bookbuild process and allocation process, an extended settlement then a registrar and a custodian, into something that could happen online instantaneously,” James Wall, executive general manager at CBA told Reuters in an interview earlier this month.

The World Bank, whose bonds carry an AAA rating, regularly uses its borrowing power to help develop new bond markets as well as pioneering new means for selling and trading the securities.

It issues between $50 billion and $60 billion a year of bonds to back economic progress in developing countries.

Australia is a popular test site for market developments because of its well-established financial infrastructure and the familiarity of international investors with the Australian dollar, which is one of the most-traded currencies in the world.

Earlier this year Russia’s MTS, a telecoms operator, and Sberbank claimed a world-first blockchain bond.The deal, for 750 million rubles ($11.20 million) of 182-day paper, was however privately placed, rather than offered for wider auction, as is the norm and the case with the World Bank deal.

While there have been other prototypes or parallel simulation blockchain projects in the market before, CBA said the World Bank bond will be the first time that capital is raised from public investors through a legally valid bond issuance that uses blockchain from start to finish.

CBA set the price for the “kangaroo” deal at 23 basis points above benchmark rates. Kangaroo bonds are bonds issued in Australian dollars by foreign institutions.

The bank’s blockchain push comes as the Australian Securities Exchange plans to switch to using distributed ledger (blockchain) technology to clear and settle equities trades from 2020 to help cut costs.

Reporting by Paulina Duran and Alun John; Editing by Jennifer Hughes and Eric Meijer

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Cabinet decides to submit a bill on ratifying agreement www.montsame.mn

Ulaanbaatar /MONTSAME/ At its regular meeting on August 22, the Cabinet made a decision to submit to the Parliament a Bill on ratifying an intergovernmental agreement between Mongolia and Hong Kong, Special Administrative Region of China on mutual legal assistance in criminal matters.

Mongolia and Hong Kong Special Administrative Region of China signed the agreement on transfer of sentenced persons (TSP) in 2016 and the agreement on mutual legal assistance in criminal matters in March, 2018 respectively.

Although the Governments of Mongolia and China already established ‘Intergovernmental Agreement on mutual legal assistance in civil and criminal cases’, ‘Intergovernmental Agreement on transfer of sentenced persons’ and ‘Intergovernmental Agreement on transfer of prisoners’, these agreements are not effective in China’s Special Administrative Regions such as Hong Kong and Macau.

In connection with increasing number of Mongolians traveling to these Special Administrative Regions and Mongolians involved in crimes, it necessitates to establish the agreements between Mongolia and those Special Administrative Regions of China.

The agreement includes 23 articles, which regulate legal assistance, expense, a content of the request, corresponding organizations and grounds of refusal to fulfill a request. Establishment of the agreement will ensure legislative organizations of the two sides to actively cooperate in investigation, judicial proceedings and other prosecutiony.

Moreover, the Cabinet also decided to submit to the Parliament a Bill on ratifying an intergovernmental agreement between Mongolia and Kazakhstan on Transfer of Prisoners.

E.Altanzul

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Huawei: Australia has banned us from selling 5G tech www.chinadaily.com.cn

Chinese tech company Huawei says the Australian government has blocked it from providing 5G technology for the country's wireless networks.
Huawei, one of the world's biggest makers of smartphones and telecommunications equipment, said Thursday that the government had informed it of the decision.

"This is an extremely disappointing result for consumers," the Chinese company said on Twitter. "Huawei is a world leader in 5G."

The announcement follows reports in recent months that Australian national security agencies were concerned about alleged ties between Huawei and the Chinese government.

The Australian government said in a statement Thursday that the involvement of telecom equipment suppliers "who are likely to be subject to extrajudicial directions from a foreign government that conflict with Australian law" could mean the country's wireless carriers are unable "to adequately protect a 5G network from unauthorized access or interference."

The statement didn't mention China or Huawei by name.

Huawei has repeatedly rejected the security concerns, insisting that it is "a private company, owned by our employees with no other shareholders."

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