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 pledges further opening as leaders scramble for free trade www.reuters.com

Chinese President Xi Jinping pledged further economic opening on Saturday as leaders of Asia-Pacific countries sought new free-trade options following Donald Trump's election to U.S. president on promises to scrap or renegotiate trade deals.

All eyes were on China at this year's APEC summit in Lima, Peru just over a week after Trump's surprise victory in the United States dashed hopes of the largest-ever U.S.-proposed trade deal, the Trans-Pacific Partnership (TPP), coming to fruition.

U.S. President Barack Obama has championed the TPP as a way to counter China's rise, but he has now stopped trying to win congressional approval for the deal signed by 12 economies in the Americas and Asia-Pacific, excluding China. Without U.S. approval the current agreement cannot be implemented.

Trump campaigned against the TPP and the North American Free Trade Agreement (NAFTA) as bad for U.S. jobs. He said he would scrap the TPP and threatened to impose tariffs on imports from China and Mexico.

Following a meeting with Obama, Xi said Beijing's relationship with Washington was at a "hinge moment" and called for a smooth transition.

Xi has been selling an alternate vision for regional trade by promoting the Beijing-backed Regional Comprehensive Economic Partnership (RCEP), which as it stands excludes the Americas.

"China will not shut its door to the outside world but open more," Xi said in a keynote address at APEC. "We're going to...make sure the fruits of development are shared."

Asia-Pacific countries should "advance economic integration and build open economies," Xi said. "Any regional trade plans should have widespread support... Sealing off and excluding others is not the correct choice."

Chinese attendance at the APEC meeting was its largest ever and regional delegates said China would take the lead on trade if the U.S. turned toward protectionism.

The Obama administration has warned that the RCEP would not include strong protections for workers, the environment or intellectual property.

In Lima on his last scheduled trip abroad as president, Obama said the United States worked to include labor provisions in a U.S.-Peru free trade agreement to lift wages and standards for Peruvian workers.

"That's the kind of attitude that we want to try to promote in ... the years going forward, and my hope is that that policy will continue."

TPP leaders held a meeting at APEC, where Obama urged them to work together to advance TPP, the White House said.

The leaders had confirmed the economic and strategic importance of the agreement, Japanese Deputy Chief Cabinet Secretary Kotaro Nogami told reporters after the meeting.

CHINA FILLS THE VOID?

With the fate of the TPP uncertain, China's talks on RCEP, which include Australia, India and more than a dozen other countries, are seen as perhaps the only path to the broader Free Trade Area of the Asia-Pacific (FTAAP) that APEC aspires to.

"It's a more traditional trade deal, reducing tariffs on goods and services. It's not as far reaching as the TPP," Australian Prime Minister Malcolm Turnbull told reporters of RCEP. But "the more access we can get to more markets for our exports, the better."

New Zealand Prime Minister John Key said the United States was an important partner in the region, but China would fill the void if a Trump administration backs away from free trade.

Key said TPP members might be able to incorporate "cosmetic changes" to make the deal more palatable to the real estate magnate and former reality TV star.

"The Trump Pacific Partnership for instance, that'd be fine," Key said, laughing.

Despite China's overtures, some APEC members were determined to press on with TPP and held out hopes the United States would still show leadership on trade.

"Our geopolitical position is with the United States, obviously," Mexican President Enrique Pena Nieto said. "That's where our eyes are set and that's what we are working for."

Pena Nieto said the NAFTA pact between the United States, Mexico and Canada should be "modernized." Trump has vowed to scrap NAFTA if he cannot renegotiate it,

Mexico, Japan, Australia, Malaysia, New Zealand and Singapore aim to continue with TPP with or without the United States, Mexico's economy minister, Ildefonso Guajardo, said on Friday.

Several APEC members said it was too soon to write off support from Trump on TPP.

"Barack Obama was not a supporter of the TPP when he became elected and he's leaving office as one of its greatest advocates," Australia's Turnbull said.

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Marilyn Monroe's dress sells for $4.81 million www3.nhk.or.jp

A dress worn by movie star Marilyn Monroe has sold for a world-record price at an auction. Monroe wore the sparkling gown when she sang a birthday song to President John F. Kennedy.

Museum chain Ripley's Believe It Or Not! paid 4.81 million dollars for the skin-tight gown. It is the most ever paid for a dress, which was one of a number of the actress's possessions to be sold since Thursday at Los Angeles firm Julien's Auctions.

JFK's birthday celebrations took place in May 1962, less than 3 months before Monroe was found dead at age 36.
The head of Julien's says Monroe singing "Happy Birthday Mr. President" is one of the most famous impromptu performances in American history.

The auction house says Monroe had asked designer Jean Louis to make a dress only she could wear. It says the dress features 2,500 hand-stitched crystals and its flesh color matched her skin tone.

The dress was previously auctioned in 1999. It sold for about 1.26 million dollars.

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30th Anniversary of Mongolia and US Diplomatic relations www.mongolianbusinessdatabase.com

 Mongolia and US will mark the 30th Anniversary of establishment of the diplomatic relations in between our countries in 2017. In this regard, the Ministry of Foreign Affairs of Mongolia is making a comprehensive commemoration plan, which includes the business presences on the related activities. Please contact us for an additional information.

MBD Admin
Galaxy Tower 1003
Tel: 77109911,98994787,99066062

 

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Premier League agrees major deal for Chinese TV rights www.bbc.com

The Premier League has agreed a major new deal for its TV rights in China, which could be worth up to $700m (£560m).
The three-year contract with Chinese video streaming service PPTV is set to be the league's biggest-ever overseas broadcast sale.
A PPTV source told the BBC a deal was in place.
If the reported value is confirmed, it would be worth ten times more than the league's current China TV deal.
The Premier League is yet to comment.
Superpower ambitions
PPTV is owned by Chinese retailer Suning, which is already invested in European football after it bought a controlling stake in Italian club Inter Milan in June.
China's President Xi Jinping has led a drive for businesses to invest more in football in a bid to turn the country into a footballing superpower.
He has set a target for the nation to be the world's biggest sports economy by 2025.

Manchester City, West Bromwich Albion and Aston Villa are among the English clubs to have received investment from China over the last year.
Audiences for Premier League football are also growing strongly in China, with English clubs seeing the world's second largest economy as a major growth market.
The nation's own Super League is also helping to fuel the boom, as it attracts well-known players and managers from the European leagues.
The Associated Press news agency reported that the TV deal would be worth $700m, working out at $233m-a-year starting in the 2019-2020 season. Other reports have suggested the deal is worth $600m.

The Premier League's largest overseas TV rights deal is currently with US broadcaster NBC, which paid $1bn for six seasons, or $167m per campaign.
But the main source of the league's income still comes from the UK.
British broadcasters Sky and BT last year agreed to pay a record £5.14bn for three seasons, starting with the current 2016-2017 campaign.
Analysis by Robin Brant, BBC News, Shanghai
If Manchester United and other top English Premier League clubs are willing to parade their players in a series of exhibition games across China as soon as the domestic season is finished, then you can see how important this market is.
EPL (as it's known here) is big. The fact that even David Beckham's son is the centrepiece of an advert for a smartphone in China shows you the strength of its appeal.
Basketball is long established in China. The NBA has a huge following. Rugby Union, Cricket and the NFL all have ambitions here.
But China's association with English football is deepening.
Chinese investors have acquired what seems like most of the West Midlands clubs in a show of status and financial might, but also for some a genuine attempt to build new brands that could appeal beyond their domestic base.
This broadcast deal, unsurprisingly, reveals how important web-based distribution is here for certain types of entertainment.
But what you might call 'revenue issues' remain.
There are plenty of illegal ways to watch EPL games in China and I'm pretty sure that the England away kit I saw listed on a very well-known Chinese internet retailer - for the equivalent of £7.50 - wasn't the real deal.

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Malaysia Airlines turnaround challenge 'unprecedented' www.bbc.com

Turning around Malaysia Airlines after the double tragedies of MH370 and MH17 is an "unprecedented" challenge, the firm's recently appointed chief executive has told the BBC.
Peter Bellew said the carrier was now marketing more aggressively as it tries to win back confidence in the brand.
He accepted some passengers would choose to not fly with the company.
But Mr Mallew predicted the loss-making airline would be in profit again by 2018.
And he said that a true test of its recovery would be a return to the stock market, possibly by 2019.
'Deeply personal'
Flight MH370, flying from Kuala Lumpur to Beijing, had 239 people on board when it vanished in March 2014. The Boeing 777 is presumed to have crashed into the southern Indian Ocean after veering off course.
Then in June, all 298 passengers and crew on MH17 died when the Boeing 777-200, en route from Amsterdam to Kuala Lumpar, crashed in eastern Ukraine after being shot down as it passed over the war-torn country.
Many had not expected Malaysia Airlines to stay in business after the disasters, and passengers deserted them in droves.
"For ourselves and the staff here its obviously deeply personal so day-to-day it never leaves," Mr Mallew said in an interview with the BBC World Service.

"But to be able to survive two immense tragedies like that, that takes some backbone, that's not normally something you'd have to deal with.
"Certainly in aviation its unprecedented what we're having to do here. I can't think of a business in my lifetime... that's come back from the depths of the difficulties."
Aggressive approach
Mr Bellew joined the airline in late June 2016, when Christoph Mueller left suddenly.
And he said a top priority was to try and win back passengers and sell more tickets.
"I think there's certain people who may never travel with us again, but the bulk of people would consider it now," he said.
"We were quite quiet on the sales and marketing front and generally on the commercial side we were shy and hiding. So the last four months we've come out very aggressively."
He said that the airline needed to focus on the rise of travel among Chinese people, and that it would move quickly to profit from that "megatrend".
But he conceded that Asia was a crowded market place and his airline had its work cut out, especially within Malaysia.
"The bit that we're struggling with is amazingly low fares in the domestic market which for consumers is super but it makes it very difficult for airlines."
The former executive at Irish budget carrier Ryanair said another priority was focussing on a return to profit, including "the very boring discipline" of controlling costs.
"We're being quite aggressive with suppliers, sometimes quite rude and ignorant maybe in the way we are approaching negotiations now which isn't always the Asian way."
Analysis by Rob Young, BBC Business Presenter in Kuala Lumpur
Malaysians seem to have a deep affection for Malaysia Airlines.
But emotion only goes so far. There are many low cost carriers putting pressure on air fares, not least the nimble Air Asia, also based in Kuala Lumpur.
That's great news for the flying public, not so great for a once-bloated loss-making airline.
Much of the fat at Malaysia has been trimmed and Peter Bellew hopes the financial know-how he brings from the European no-frills airline Ryanair, will make that happen.
His arrival seems to have brought a new financial lease of life. But for many potential passengers it will always be associated with the two tragedies of 2014.

 
 
 
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Tesla Seals $2 Billion SolarCity Deal www.bloomberg.com

Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. More than 85 percent of Tesla shares voted in favor of the merger.
The deal, which sparked controversy over debt and corporate-governance concerns, is a win for Musk’s vision of Tesla as one-stop shopping for consumers eager to become independent of fossil fuels. Now comes the task of integrating two companies that have a track record of fleeting profits and frequent fundraising needs--not to mention thousands of employees.
“We’re trying to make an integrated product,” Musk said during a meeting with Tesla shareholders in Fremont, California, Thursday. “So you have an integrated solar roof with a Powerwall and an electric car, and you just go into a Tesla store, just say yes, it just happens. It all works, it’s seamless and you love it.”
Tesla plans to leverage its formidable brand and retail network with SolarCity’s network of rooftop solar installers and recently announced a “Solar Roof” product. It’s not clear what role Lyndon Rive, SolarCity’s chief executive officer and Musk’s cousin, will play in the combined company.
“With an 85 percent vote, you’re seeing long term shareholders say we’re voting for Elon,” said Ben Kallo, an analyst with Robert W. Baird. “They’re saying ’We’re not here for the next quarter, we’re here for three or five years.’”
It wasn’t clear when the merger will officially close. SolarCity is expected to cease being a stand-alone brand, as Tesla markets its Powerwall battery for the home as a Tesla Energy Product.
“Moving forward I think SolarCity becomes a part of Tesla Energy, but I don’t think that happens overnight,” said Kallo.
During the course of his five-month campaign for the merger, Musk revealed the solar roof product on the “Desperate Housewives” set at Universal Studios in Los Angeles last month. Musk said Thursday the product will be equivalent in cost, or slightly cheaper, than a normal roof and that installations will begin in volume in mid-2017.
Biggest Shareholder
Musk owns 21 percent of Tesla and 22 percent of SolarCity, making him the largest shareholder of both companies. He and Antonio Gracias, who also serves as director at both companies, recused themselves from a board vote on the takeover July 30.
Tesla rose 2.6 percent to $188.66 at the close Thursday, while SolarCity gained 2.9 percent to $20.40. At those prices, the all-stock deal values the solar company at $20.75 a share, a 1.7 percent premium over Thursday’s closing price. The premium was about 35 percent when first announced in late June.
Tesla has lost roughly $4.8 billion in market capitalization since the initial offer, while SolarCity’s value declined by about $86 million.
The quarterly profit Tesla reported last month was the first for the Palo Alto, California-based company in eight quarters. SolarCity has recorded losses in six of the last eight quarters. The two companies have conducted five separate equity offerings since the San Mateo, California-based solar company first sold shares to the public in December 2012.
The deal drew mixed recommendations by proxy advisory firms, with Institutional Shareholder Services giving its blessing and Glass Lewis & Co. rejecting it as a “thinly veiled bailout plan.” ISS said Tesla would be able to bridge cash-burning SolarCity’s funding gap and called the deal a “necessary step” in the electric-car maker’s push to become an integrated sustainable energy company. "Tesla will def absorb SolarCity’s debt," said Musk in a tweet earlier this month. “Although extremely unlikely, I would pay it personally if need be. Debts must be honored.”
New President
The combined company must contend with President-elect Donald Trump, whose views on energy are a sharp departure from President Barack Obama. The real-estate mogul has vowed to roll back environmental regulations and tapped Myron Ebell, a climate-change skeptic, to head his Environmental Protection Agency transition team.
The CtW Investment Group, which works with pension funds, called on Tesla to implement corporate governance reforms, urging the company to add more independent directors to its seven-member board.
“Given the risks the company faces with increased competition, a changing political environment and its expanding product line, Tesla desperately needs to upgrade its governance structure to a standard more befitting of a public company of its size,” said CtW director Dieter Waizenegger in a statement.
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China's overseas direct investment surges 53.3% in first ten months www.chinadaily.com

BEIJING - China's outbound direct investment (ODI) is surging despite weak global growth as Chinese companies continue to internationalize their business.
Non-financial ODI increased 53.3 percent year on year to reach $145.96 billion in the January-October period, easily surpassing the total for 2015 of about $121.4 billion, according to the Ministry of Commerce on Thursday.

In October, ODI grew 48.4 percent year on year to reach $11.74 billion.

China's overseas investment reached 162 countries and regions, most of which has gone to Hong Kong, ASEAN, the European Union, Australia, the United States, Russia and Japan in the first ten months, with the United States posting the strongest year-on-year growth at 173.9 percent.

ODI continued to exceed foreign direct investment (FDI) into the Chinese mainland, which rose 4.2 percent year on year to reach about $98 billion in the same period. China's ODI exceeded FDI for the first time ever in 2015, becoming a net capital exporter.

In addition to growing investment volume, the pattern of China's ODI is changing rapidly as the consumer and services sectors gather momentum.

China's overseas investment started with raw materials, moved on to infrastructure and manufacturing, and is now starting to focus on big-name consumer brands and high-tech companies, according to a research note from HSBC.

Official data showed that in the first ten months, most of the investment flowed to commercial services, manufacturing and retail, with equipment manufacturing almost quadrupling last year's investment.

Once dominated by large state-owned enterprises in search of iron ore and copper, China's ODI now includes private sector giants buying US film studios and European fashion houses, along with state-backed companies snapping up new tech firms, the HSBC note pointed out.

The HNA Group is a good example of the trends. The private conglomerate from south China's Hainan province extended its push into the leisure sector with a high-profile deal to buy a 25-percent stake in Hilton in October.

In the past two years, the company has spent about $23.8 billion in cross-border acquisitions, including hotels and commercial real estate, in order to extend its value chain and strengthen its aviation core business, according to the note.

Official data showed that Chinese companies continued to work closely with countries along the Belt and Road Initiative. They signed construction contracts worth over $84 billion during the period, up 30.7 percent year on year.

However, HSBC noted that investment in the Belt and Road countries has been moderating in recent months due to global uncertainties and a high comparison base in 2015.

With the global economy showing signs of recovery, more projects are reaching the implementation stage, cross-border connections are becoming more sophisticated, and financing support is gradually strengthening, HSBC said in the note, adding it expects China's investment in the Belt and Road region to grow at a stable pace in the next couple of years.

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JBIC to conclude loan agreement with Russian bank www3.nhk.or.jp

NHK has learned that a Japanese government-affiliated bank is preparing to play a role in forging closer economic ties between Japan and Russia. The Japan Bank for International Cooperation, or JBIC, is expected to conclude a loan agreement with Russia's largest bank.

The move comes as the 2 countries discuss economic cooperation ahead of a bilateral summit in Japan next month.

Sources have told NHK that JBIC is in final negotiations with Sberbank. They say it plans to set up a yen-denominated credit line of 30 billion yen, or about 270 million in dollars.

The goal is to make funds available to Russian businesses so they can buy infrastructure-related equipment from Japanese firms.

Commercial Japanese banks are cautious about lending to Sberbank. It's a target of Ukraine-related sanctions by the US and Europe. But the sources say the yen-denominated loans directly from Japan are not covered by the sanctions.

The credit line is intended to meet an increased level of demand for funding, stemming from closer bilateral cooperation.

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The BoM sold USD 32.0 million www.mongolia.gogo.mn

Bank of Mongolia (BoM) hold foreign exchange auction on Nov 17.
Commercial banks bid MNT 2370.00-2444.15 for USD 47.8 million, asked MNT 2448.00 for USD 1.0 million and bid MNT 343.50-354.51 for CNY 70.0 million respectively.
The BoM sold USD 32.0 million with a closing rate of MNT 2425.00
BoM decided to participate in foreign exchange market continuously and supplied total of USD 92.4 million and CNY 129.5 million to the market during the last two auctions.
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JBIC to conclude loan agreement with Russian bank www3.nhk.or.jp

NHK has learned that a Japanese government-affiliated bank is preparing to play a role in forging closer economic ties between Japan and Russia. The Japan Bank for International Cooperation, or JBIC, is expected to conclude a loan agreement with Russia's largest bank.
 
The move comes as the 2 countries discuss economic cooperation ahead of a bilateral summit in Japan next month.
 
Sources have told NHK that JBIC is in final negotiations with Sberbank. They say it plans to set up a yen-denominated credit line of 30 billion yen, or about 270 million in dollars.
 
The goal is to make funds available to Russian businesses so they can buy infrastructure-related equipment from Japanese firms.
 
Commercial Japanese banks are cautious about lending to Sberbank. It's a target of Ukraine-related sanctions by the US and Europe. But the sources say the yen-denominated loans directly from Japan are not covered by the sanctions.
 
The credit line is intended to meet an increased level of demand for funding, stemming from closer bilateral cooperation.
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