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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Tripartite Committee suggests to null 29th resolution for public service pay raise www.zgm.mn

National Tripartite Committee of Labour and Social Consensus has announced that they suggested to null three articles of the Parliament’s 29th resolution, which prevents public servants’ salary increase within the frames of the Extended Fund Facility program (EFF) of the International Monetary Fund (IMF). In April 2017, the Parliament issued the 29th resolution that would suspend pay raise of public servants in 2017-2019. Although the EFF has forbid the Government from increasing public sector salaries, the IMF, in its third review, stated “The fiscal over-performance has provided some room for adapting program policies including a rise in civil service salaries in 2019 after several years of restraint.” Plus, the Minister of Labour and Social Protection Chinzorig Sodnom addressed the pay raise to IMF staff team during their visit earlier this month.

The results of the discussion remain unknown. Amgalanbaatar Khayankhyarvaa, President of the Confederation of Mongolian Trade Union, noted “According to the 2018 budget, salaries of 182 public servants accounted for 18 percent of total expenditure with MNT 1.7 trillion. This equals 24.1 percent of the current expenditure. About 50 percent wage raise would equal around MNT 900 billion.” Mr.Chinzorig also highlighted that tax revenue grew by about 30 percent in the first seven months of 2018, and as a result, the budget revenue has been reportedly overperformed by over 40 percent. “The Cabinet previously announced that pay raise will be re-discussed in the fourth quarter if budget situation improves. However, the temporary Committee on Increasing Teachers’ Salaries demanded 50 percent salary raise before the third quarter and announced to go on a strike if the Government fails to fulfil their demand.”

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Mongolia's first indoor hockey rink www.news.mn

Since 1999, Mongolia has had membership in the International Ice Hockey Federation, and although they are not currently ranked in the top 50 teams, they did, this year, win their first ever Asian tournament. It was an impressive feat considering they are the only team that does not have the advantages that come with an indoor arena.

“They’re hardcore hockey fans over there,” said North Vancouver architect Mark Hentze. “But they play outdoors, which is the crazy thing.” Hentze is now one of the principal architects working on final designs for the Steppe Arena – Mongolia’s first indoor rink where the national team will play.

The building site is less than three kilometers from Chinggis Khaan International Airport which the design draws inspiration from. The roof reflects the airfoil shape of a plane’s wing. It also slants to the south to maximize exposure for the solar heating cells that line the roof. When complete, it should be big enough for 2,600 screaming fans in bowl seating. And the facility will be adaptable for other sports, music and cultural events.

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Trump to relax carbon limits on power plants to support US coal www.mining.com

The Trump administration proposed Tuesday new rules for regulating carbon dioxide emissions from electricity generation, in a move that could keep aging coal-fired plants running longer and which is part of its strategy to support US coal mining.

The suggested pollution standards for power plants, known as the Affordable Clean Energy rule, are expected to cut retail electricity prices by just 0.2% to 0.5% by 2025, compared to the levels if President Barack Obama’s Clean Power Plan had gone into full effect.

The implementation of those rules were halted by the Supreme Court in 2016, to give the courts time to consider the arguments over whether the Environmental Protection Agency (EPA) had exceeded its legal authority.

The proposed rules are Trump’s latest attempt to fulfill campaign promises to revive the coal industry and restore mining jobs.
“There is nothing clean or affordable about this rule,” said Carter Roberts, president and CEO of the World Wildlife Fund, an advocacy group, in a statement. “Coal plants emit more carbon pollution than all other sources. They’re often more expensive than natural gas, solar, or wind energy. And worst of all, they impose severe public health costs on us all.”

But officials from the EPA say the proposal would provide companies with an incentive to update their operations and that the agency has other policies that reduce traditional pollutants.

According to the agency estimations, the power sector’s greenhouse gas emissions would continue to decline in coming years, but due mostly to market pressures. By 2030, carbon dioxide levels would be between 0.7% 1.5% lower than they would have without any regulation in place, according to an EPA analysis.

By contrast, the Obama administration projected that its rule would have cut emissions 19% over the same time frame. However, the updated EPA analysis says the Obama rule would mean only a 4% reduction because of the ongoing shift that utilities are making to natural gas and renewable power.

Costs to the environment, public health
Industry officials praised the move. Hal Quinn, president and CEO of the National Mining Association, said the rule change was “at the top” of the coal industry’s list of policy priorities, because utility executives had been shuttering coal plants at a fast pace when faced with the prospect of curbing emissions of not just carbon dioxide, but mercury, soot and smog-forming pollutants.

The proposed rules are Trump’s latest attempt to fulfill campaign promises to revive the coal industry and restore mining jobs. But experts believe they are unlikely to dramatically alter the US power mix or give a big boost to domestic coal demand, which has flagged amid competition from cheap natural gas and renewables.

The plan would have a significant impact in both the environment and public health. The EPA expects its changes to cause an uptick in particulate matter pollution — and the asthma attacks, respiratory diseases and premature deaths tied to it. There could be 470 to 1,400 additional premature deaths in 2030 under the most ambitious proposed power plant efficiency improvements, EPA predicted. Hospital admissions and emergency room visits for asthma would also climb.

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Business development and opportunity with Agrofert of Czech Republic www.mongolianbusinessdatabase.com

Ms.Otgon-Erdene Mongolian national who is the Chief of HR department of Agrofert group has had the several meetings with MBD and formally agreed to cooperate on some particular missions.

History of the AGROFERT group has been started nearly 25 years ago. Since that time, AGROFERT has grown to a group with more than 240 subsidiaries of several lines: chemical industry, agriculture, food processing, forestry and timbering, ground-technologies, technology and transportation, renewable energy sources and media as well. With a growing number of companies of AGROFERT group we have become one of the largest private employers in the Czech Republic. Every day, our success is created by nearly 34,000 employees who work together in 18 countries on 4 continents around the globe.

Mongolian Business Database (MBD) will promote the Mongolians who intends to employ in Czech Republic through the Mongolian-Czech Labour Cooperation Association's 6 month training by its information links and business network.

MBD also will develop the Agrofert agriculture's advanced technology and investment B2B opportunity in Mongolia.

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Chinese Foreign Minister Wang Yi to pay an official visit to Mongolia www.montsame.mn

Ulaanbaatar/MONTSAME/ State Councilor of the People's Republic of China and Minister of Foreign Affairs Wang Yi will pay an official visit to Mongolia on August 23-25, at the invitation of Foreign Minister D.Tsogtbaatar.

During the visit, Foreign Ministers will hold official talks and exchange views on strengthening comprehensive strategic partnership established between Mongolia and China, deepening mutually beneficial cooperation in priority sectors, forwarding cooperation talks as well as on international and regional relations matters.

Foreign Minister Wang Yi will also visit rural area to get acquainted with issues on regional and border cooperation.


B.Batchimeg

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Mongolia’s Sales Managers Index reaches a four-month low in August www.gogo.mn

World Economics reported that Mongolia’s Sales Managers Index dropped to 58.3 points – its lowest rate over the last four months.

Analysts from World Economics associated the decrease with the National Naadam Festival. In the months before Naadam, the Sales Managers’ Index had been dramatically increasing, thus reaching more than 60 points, but the index started plummeting in July.

World Economics highlighted that Mongolia’s business confidence index has been in a growth zone since the beginning of 2018, heralding the expectation that the business climate will further improve.

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Russian military braces for massive war games in the east www.apnews.com

MOSCOW (AP) — Russia’s military forces in the country’s east were put on high alert Monday ahead of massive war games that also involve China and Mongolia, the largest show of power in nearly 40 years, the Russian defense minister said.

Defense Minister Sergei Shoigu said the five days of military drills will pave the way for the Vostok (East) 2018 military exercise. Shoigu said those maneuvers, set for next month, will be the largest since the massive Soviet war games in 1981.

The Kremlin spokesman, Dmitry Peskov, said President Vladimir Putin could attend the exercise.

Speaking to the top Russian military brass, Shoigu said army, air force and navy units will take part in the exercise that will be held across the Far East and Siberia. He added that military units from China and Mongolia will also take part.

As part of a smaller, separate military exercise this week under the auspices of the Shanghai Cooperation Organization, a security group dominated by Moscow and Beijing, Chinese warplanes landed Monday at a Russian air base in the Chelyabinsk region in the Ural Mountains.

The Russian military has increased both the scope and frequency of its maneuvers amid tensions with the West. It also has expanded military ties with China.

Moscow and Beijing have conducted a series of joint military maneuvers, including exercises in the South China Sea and navy drills in the Baltics last summer.

The two countries have forged what they described as a “strategic partnership,” expressing their shared opposition to the “unipolar” world — the term they use to describe perceived U.S. global domination.

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The 'Chinggis factor": Mongolians ranked 6th in the world by IQ level www.news.mn

Mongolia is ranked at the 6th place out of 80 countries by average national intelligence quotient IQ (101) according to the studies conducted by Richard Lynn, a British Professor of Psychology and Tatu Vanhanen, a Finnish Professor of political science.

The four-year studies' results were published on August 15 on Asia Russia Daily website. Hong Kong leads the list followed by Singapore, South Korea, Japan, China, Taiwan and Italy. Moreover Great Britain is in the 7th place, Canada and Germany are in the 8th place and Russia is in the 10th place.

Scholars suggest that IQ level is an important factor that influences to the national wealth and rates of economic growth.

The study said that Mongolia has the same avarage national IQ as Norway, USA, France, Denmark and Australia even though it has not achieved development like other East Asian countries on the top of the list and animal husbandry sector makes up important part of its economy until today.

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Mongolia GDP growth reaches 6.3 percent www.news.mn

The growth of Mongolia’s gross domestic product (GDP) reached 6.3 percent in the first half of 2018, according to preliminary data released by the National Statistics Office on Thursday.

The GDP totaled MNT eight trillion (USD 3.2 billion) in the January-June period of 2018, an increase of over MNT 475.2 billion (USD 193 million) compared to the same period last year.

The data indicated, that the growth is a result of the MNT 192.1 billion tax revenue growth and the favorable performance of the service sector,.

The impressive statistics contrast with those of the World Bank which predicted Mongolia’s economy growth would be 3.1 percent in 2018.

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Rio opens new diamond pipe in subarctic Canada www.mining.com

Rio Tinto (LON, ASX, NYSE:RIO) opened today a fourth diamond pipe at the subarctic Diavik Diamond Mine, located in the Northwest Territories of Canada, 220 kilometres south of the Arctic Circle.

In a press release, the Anglo-Australian miner said that the new open-pit pipe will provide an important source of “incremental supply over the next four years to sustain production levels at the Rio Tinto operated mine.”

In the same statement, the company explained that A21 is located adjacent to Diavik’s existing mining operations in the Lac de Gras area. It took four years to build the pipe and first ore was delivered in March. Rio expects it to be at full production during the fourth quarter of 2018.

“It is a remarkable achievement to deliver this project safely and ahead of time in such a challenging environment, positioning Diavik to continue meeting the demand for its outstanding diamonds,” Rio Tinto Copper & Diamonds chief executive, Arnaud Soirat, said in the brief.

Some $350 million were invested in the construction of A21, with the financial burden shared between Rio and joint venture partner Dominion Diamond Corporation, the latter in control of 40 per cent of the operation.

As a whole, Diavik started activities in 2003 and has an annual production of some 6-7 million carats of predominantly large, white gem-quality diamonds.

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