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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Global demand for energy will peak in 2030, says World Energy Council www.theguardian.com

Global demand for energy per capita will peak in 2030 thanks to new technology and stricter government policies, the World Energy Council has predicted.
 
In a report on a range of scenarios for global energy use, the group of academics, energy companies and public sector bodies outlined a “fundamentally new world for the energy industry” calling it the “grand transition”.
 
The report, launched ahead of the World Energy Congress in Istanbul, forecast demand per person for energy – including transport fuels, heating and electricity – would begin to fall after 2030.
 
Ged Davis, executive chair of scenarios at the World Energy Council said: “Historically people have talked about peak oil but now disruptive trends are leading energy experts to consider the implications of peak demand.”
 
But while overall per capita energy demand will begin to fall, demand for electricity will double by 2060, the council said, requiring greater infrastructure investment in smart systems that promote energy efficiency.
 
The “phenomenal” growth of solar and wind energy is predicted to continue, while coal and oil will fade out of the energy mix.
 
Solar and wind accounted for just 4% of power generation in 2014 but could supply as much as 39% by 2060, while hydro-electric power and nuclear are also slated to grow.
 
But fossil fuels will remain the number one source of energy, having fallen just 5% since 1970 from 86% of energy supply to 81% in 2014.
 
The council drew up three scenarios to assess different areas of energy use. The range of outcomes could see fossil fuels provide anything from 50% to 70% of energy by 2060, said the council, which is the UN-accredited global energy body.
 
Under two of the scenarios, oil production will peak in 2030 at between 94m barrels per day (bpd) and 103 mb/d, although the third scenario would see it peak and plateau at 104 m/bpd for a decade from 2040.
 
The council said moving from petrol cars to cheaper technologies such as electric vehicles will prove “one of the hardest obstacles to overcome” in efforts to decarbonise global energy use.
 
Oil powered 92% of vehicles in 2014, but that is expected to fall to between 78% and 60% as electric vehicles become more popular.
 
But the council warned that keeping global warming below 2Cwould require an “exceptional and enduring effort, far beyond already pledged commitments and with very high carbon prices”.
 
Its predictions for carbon emissions vary wildly depending on the strength of efforts to tackle the problem, from a reduction of 61% by 2060 to a slight increase of 5%.
 
Overall, the report’s theme of a grand transition envisages lower population growth, radical new technologies, greater environmental challenges and a shift in economic and geopolitical power.
 
The report was produced in partnership with consultancy Accenture Strategy and the Paul Scherrer Institute, a research centre in Switzerland.
 
Last year’s report warned of a threat to global energy networks caused by extreme weather events associated with global warming.
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Samsung 'pauses Note 7 production', say media reports www.bbc.com

Smartphone giant Samsung has reportedly stopped production of its Note 7 phone amid claims that replacement devices still have critical battery issues.
Reuters and South Korea's Yonhap news agency cited unnamed officials claiming the company had temporarily halted its Galaxy Note 7 production lines.
Samsung told the BBC it was "adjusting the production schedule to ensure quality and safety matters".
The move came as two US networks stopped replacing or selling the phone.
Samsung said on Monday it would also stagger shipments of the Note 7 to conduct in-depth inspections.
The South Korean firm issued a recall of the smartphone in September and assured customers last month that the fixed devices were safe.
But there have now been several reports of replacement phones starting to emit smoke.
'No longer exchanging'
It comes after the AT&T and T-Mobile networks in the US said they would no longer replace the devices, while the latter said it would halt all sales of the phone.
"While Samsung investigates multiple reports of issues, T-Mobile is temporarily suspending all sales of the new Note 7 and exchanges for replacement Note 7 devices," T-Mobile said on its website.
Meanwhile, AT&T said: "We're no longer exchanging new Note 7s at this time, pending further investigation of these reported incidents." It advised customers to exchange them for other devices.
Manufacturing error
Samsung said in a statement last month that the issue of overheating was caused by a "rare" manufacturing error that resulted in the battery's "anode-to-cathode [negative and positive electrodes]" coming into contact.
But last week, a domestic flight in the US was evacuated after a replacement Note 7 started emitting smoke in the cabin. And a man in Kentucky reportedly woke up to a bedroom full of smoke from a replaced Note 7.
In an update on Monday, Samsung said it understood the concerns of carriers and consumers about the newly released replacement Note 7 devices.
"We continue to move quickly to investigate the reported case to determine the cause and will share findings as soon as possible," Samsung said.
"If we conclude a product safety issue exists, we will work with the CPSC (US Consumer Product Safety Commission) to take immediate steps to address the situation."
Shares in Samsung Electronics closed down 1.5% in Seoul.
Eric Schiffer, a brand strategy expert at Reputation Management Consultants, said the company needed to take action to limit the harm to its image.
"If the Note 7 is allowed to continue, it could lead to the single greatest act of brand self-destruction in the history of modern technology," he said.
"Samsung needs to take a giant writedown and cast the Note 7 to the engineering hall of shame next to the Ford Pinto."
In 1977, the Pinto was the subject of a then-record US recall to address safety concerns.
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Consumption contributes 73.4% of China's H1 growth www.chinadaily.com.cn

BEIJING - Consumption contributed 73.4 percent of China's economic expansion in the first half of 2016, official data showed on Sunday.
The share was up 12.5 percentage points from the proportion seen at the end of 2015, the Ministry of Commerce (MOC) said at a press conference.
 
Compared with investment and exports, consumption has been a less conspicuous growth driver for China in the past few decades, but the latest data showed it is catching up fast as other drivers lose steam.
 
The momentum is partly attributable to government efforts to explore consumption potential in the country's underdeveloped rural areas with the help of improved logistics and the Internet.
 
So far, China has built 100 e-commerce demonstration bases across the country to make online shopping more accessible, according to MOC spokesman Shen Danyang.
 
China's economy expanded 6.7 percent in the second quarter, stable from the first quarter and still within the government's target range of 6.5-7 percent for 2016.
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Head of government to pay official visit to Japan www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister J.Erdenebat will pay an official visit to Japan on October 12-15. He is to have official talks with his Japanese counterpart, Mr Shinzo Abe to conform the contents and line of actions, to be realized in frames of the Mongolia-Japan Strategic Partnership.

The Premier will also pay courtesy calls on the Speaker of House of Representatives of the National Diet of Japan, Mr Tadori Oshima, and Speaker of House of Councillors, Mr Chuichi Date. Mr Erdenebat is set to attend the Mongolia-Japan Trade and Investment Forum to give insight into the investment environment and business opportunities in Mongolia.

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Hong Kong ranked freest economy for 22nd year www.chinadaily.com.cn

US think tank Heritage Foundation ranked Hong Kong as the world's freest economy for the 22nd consecutive year.
 
The index is published annually by the Wall Street Journal while Heritage Foundation evaluates economic freedom in four key areas: rule of law, limited government, regulatory efficiency and open markets.
 
John C Tsang, financial secretary of the Hong Kong Special Administrative Region, expressed thanks to Edwin J. Feulner, former president of the foundation on Saturday.
 
Tsang said Hong Kong follows classic liberal principles to sustain its economic growth, stability and prosperity.
 
Tsang was in Washington to attend the annual meetings of the International Monetary Fund and World Bank as a member of the Chinese delegation.
 
He also met with other participants to exchange ideas on economic outlook and other issues of mutual concern.
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Ad service in Japan targets Chinese tourists renting Wi-Fi routers www.asia.nikkei.com

TOKYO -- IT service company Founder International will launch an advertisement service targeting Chinese tourists to Japan who rent portable Wi-Fi routers, aiming to help Japanese retailers and restaurants reach out to a greater number of the largest visitor segment in the country.
 
The service by the Tokyo subsidiary of China's Founder Group, established with heavy investment by Peking University, will include displaying banner ads when tourists apply to rent a portable Wi-Fi router online, and handing out coupons and printed materials when they arrive at a counter at the airport to pick up the router.
 
Restaurants and retailers are two of the industries that benefit most from foreign visitors, the company said.
 
The service will be launched in October under a tie-up deal between Okulo, a Founder Group subsidiary in Tokyo, and Uroaming, China's top provider of portable Wi-Fi devices for overseas travelers with 6 million users annually.
 
Founder International determined there is a large enough target audience because a significant percentage of overseas travelers -- over 30% -- who rent Uroaming's devices are going to Japan.
 
The large number of Uroaming counters in China, where devices are handed out and collected, will help expand contact points with the target audience, the company said.
 
The company will initially solicit registered advertisers that already have their information posted in a restaurant and shopping app Okulo provides to Chinese tourists.
 
Using the app, tourists in China can do pre-travel research as well as make reservations, where available.
 
Fees for the service will be performance based, being charged, for example, as a portion of amounts paid by customers when they make reservations. Advertisers will not be required to pay for initial costs, such as for translating text.
 
Printed ads will be placed in select locations that make it easy for tourists to find, such as at the pickup counters and inside the Wi-Fi device packaging.
 
Founder International will also act as an ad agency and seek potential advertisers other than those already registered on Okulo's app.
 
Since last year, Founder International has focused on business targeting Chinese tourists to Japan. Its other services include an app that helps Chinese seeking medical services in Japan, such as cancer treatment and physical checkups, find appropriate institutions.
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Oil prices fall over doubts that non-OPEC producers will cut output www.reuters.com

Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years.
 
Brent crude futures LCOc1 were trading at $51.46 per barrel at 0106 GMT, down 0.47 cents or 0.91 percent, from their last settlement.
 
U.S. West Texas Intermediate (WTI) futures CLc1 were down 49 cents or 0.98 percent, at $49.32 a barrel.
 
The Organization of the Petroleum Exporting Countries (OPEC) plans to agree on an output cut by the time it meets in late November.
 
The targeted range is to cut production to a range of 32.50 million barrels per day (bpd) to 33.0 million bpd.
 
OPEC's current output PRODN-TOTAL stands at a record 33.6 million bpd.
 
To achieve such an agreement among its members, some of which like Saudi Arabia and Iran are political rivals, OPEC officials are embarking on a flurry of meetings in the next six weeks, starting in Istanbul this week.
 
However, ANZ bank said on Monday that prices were pulled down by a statement by Russia's energy minister, Alexander Novak, who said "he was not expecting to sign a production deal with OPEC at the World Energy Conference, which starts this week in Istanbul," although the minister did say that an agreement including non-OPEC member Russia might be possible by the time OPEC officially meets on November 30.
 
Even if a deal is reached, analysts are unconvinced it would result in much higher prices, as doubts run high over the feasibility of a cut among rivaling members, a Reuters poll showed on Friday.
 
Traders said prices were also under pressure from a rise in the U.S. rig count, which implies that American producers are keen to increase production at prices around $50 per barrel.
 
"Since its trough on May 27, 2016, producers have added 112 (+35 percent) oil rigs in the U.S.," U.S. bank Goldman Sachs said.
 
Barclays bank said that it expected "stockdraws during the upcoming winter season will support physical oil market fundamentals, irrespective of any decision in November in Vienna. We expect that prices will rise to the low $50 per barrel range in Q4."
 
The British bank said that prices would receive support into next year in part from firm U.S. gasoline demand.
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World Bank says Paris climate goals at risk from new coal schemes www.theguardian.com

Slowing down construction of coal-fired power stations will be vital to hit globally agreed climate change goals, the World Bank president, Jim Yong Kim, said as he outlined a five-point plan to flesh out last year’s Paris agreement to reduce CO2 emissions.
 
Speaking at a climate ministerial meeting in Washington during the bank’s annual meeting, he said there was no prospect of keeping global warming at or below 2C (3.6F) if current plans for coal-fired stations, especially those earmarked for Asia, were built. “Many countries want to move in the right direction. We can and should all help to find renewable energy and energy efficiency solutions that allow them to phase out coal,” Kim said.
 
The World Bank president said achieving the climate change target required action in five areas. In addition to slowing down growth in coal-fired power stations, Kim said climate ambition needed to be baked into development plans for every developing country. It was important that the $90bn (£72bn) of planned infrastructure spending over the next 15 years was for low-CO2 and climate-resilient investment.
 
He called for the ramping up of energy-efficient appliances and less use of hydrofluorocarbons, which are used in air conditioning units. “Phasing down HFCs could prevent close to half a degree of global warming by the end of the century,” he said.
 
Calls for the “greening” of finance by the Bank of England governor, Mark Carney, were also strongly backed by Kim who said the sector needed to be “fit for purpose to assess climate risks and opportunities”.
 
Finally, Kim said poor countries needed help to adapt to climate change and to become more resilient. He added that without climate-driven development, climate change could force more than 100 million people into extreme poverty by 2030, and that unless low-income countries in many parts of Africa, south Asia and the Pacific islands were helped all the gains in poverty reduction risked being lost.
 
Kim said countries needed more efficient water supply systems, climate-smart agriculture, early warning systems, better social protection and a reduction in disaster risk. He said: “It is our collective responsibility to see the Paris agreement through. We cannot afford to lose the momentum. With each passing day, the climate challenge grows.
 
“The longest streak of record-warm months has now reached 16 - such heat has never persisted on the planet for so long. The reality is stark. We have a planet that is at serious risk, but our current response is not yet equal to the task.”
 
Kim said the Paris climate agreement was a “victory for multilateral action and a powerful signal from all corners of the world that there can be no turning back”.
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Japan, IMF agree to extend loan arrangement www3.nhk.or.jp

Japan and the International Monetary Fund have agreed to extend a loan agreement for another 4 years.
 
The move came in a meeting in Washington on Friday between Japanese Finance Minister Taro Aso and IMF Managing Director Christine Lagarde.
 
Japan extended a loan of 60 billion dollars to the IMF in 2012 to help the fund flexibly assist countries affected by the credit crisis in Europe. The loan period expires at the end of this month.
 
Speaking after the meeting, Aso stressed the importance of the IMF securing a stable capital base to respond to potential risks in the global economy.
 
Aso also met US Treasury Secretary Jack Lew.
The two officials reaffirmed the importance to both countries of the Trans-Pacific Partnership agreement.
 
Aso told Lew the Japanese government aims to obtain Diet approval for the free trade pact during the current Diet session.
 
The Japanese minister told a news conference that countries need to cooperate in fighting protectionism. He suggested that policies that put domestic industries ahead of trade have slowed down the global exchange of goods.
 
He said critics should not focus only on harmful effects of free trade but on positive outcomes such as economic prosperity.
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Russia says U.S. actions threaten its national security www.reuters.com

Russian Foreign Minister Sergei Lavrov said on Sunday he had detected increasing U.S. hostility towards Moscow and complained about what he said was a series of aggressive U.S. steps that threatened Russia's national security.
 
In an interview with Russian state TV likely to worsen already poor relations with Washington, Lavrov made it clear he blamed the Obama administration for what he described as a sharp deterioration in U.S.-Russia ties.
 
"We have witnessed a fundamental change of circumstances when it comes to the aggressive Russophobia that now lies at the heart of U.S. policy towards Russia," Lavrov told Russian state TV's First Channel.
 
"It's not just a rhetorical Russophobia, but aggressive steps that really hurt our national interests and pose a threat to our security."
 
With relations between Moscow and Washington strained over issues from Syria to Ukraine, Lavrov reeled off a long list of Russian grievances against the United States which he said helped contribute to an atmosphere of mistrust that was in some ways more dangerous and unpredictable than the Cold War.
 
He complained that NATO had been steadily moving military infrastructure closer to Russia's borders and lashed out at Western sanctions imposed over Moscow's role in the Ukraine crisis.
 
He also said he had heard that some policy makers in Washington were suggesting that President Barack Obama sanction the carpet bombing of the Syrian government's military air fields to ground its air force.
 
"This is a very dangerous game given that Russia, being in Syria at the invitation of the legitimate government of this country and having two bases there, has got air defense systems there to protect its assets," said Lavrov.
 
Lavrov said he hoped Obama would not agree to such a scenario.
 
Russia suspended a treaty with Washington on cleaning up weapons grade plutonium earlier this month in response to what it said were "unfriendly acts" by the United States.
 
"The treaty was concluded when relations were normal, civilized, when no one ... was trying to interfere in the (other's) internal affairs. That's the fundamental change of circumstances," said Lavrov.
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