1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

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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63 killed in Mongolia floods www.xinhuanet.com

ULAN BATOR, Aug. 6 (Xinhua) -- Floods in Mongolia have killed 63 people, including 15 children, so far this year, the National Emergency Management Agency (NEMA) said Monday.

"Two deaths were reported last weekend," the NEMA said in a statement, warning that the water in major rivers had risen to dangerous levels and urging residents living along rivers to take precautions.

Heavy downpours have been hitting Mongolia since the beginning of July, triggering massive flooding in some areas.

Meteorologists said the heavy rainfall will not stop until mid August.

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BoM President receives IMF Executive Director www.montsame.mn

Ulaanbaatar/MONTSAME/ President of Bank of Mongolia N.Bayartsaikhan met with IMF officials led by newly appointed Executive Director for Mongolia Hohyun Jang.

The meeting started with congratulations for Mr. Hohyun Jang on being appointed the Executive Director for Mongolia. During the meeting, the sides discussed about an implementation of the IMF’s Extended Fund Facility arrangement, being currently realized in Mongolia. Mr. Hohyun Jang expressed his satisfaction for the progress of the EFF and informed that the EFF’s fifth review would be soon discussed at the IMF Board of Directors.

Mr. Bayartsaikhan appreciated for IMF’s support, involving Mongolia in the EFF arrangement when the country had hard time, and informed that the Bank of Mongolia is working to create risk-based control system to maintain sustainability of the banking sector, within this arrangement. In addition, he said that the Bank of Mongolia is conducting a wide-range of activities to increase foreign currency reserve.


M.Unurzul

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Shanghai's further opening-up attracts more foreign investors www.xinhuanet.com

SHANGHAI, Aug. 5 (Xinhua) -- At the forefront of China's opening-up drive, Shanghai is attracting more foreign investors with a spate of new measures in multiple sectors.

On July 10, authorities in Shanghai introduced a total of 100 new measures covering five areas, including the banking and securities sectors, in a bid to further expand the city's opening-up.

In less than a month, 74 of the 100 measures have gone into effect. The further opening-up is not only a choice of Shanghai, but also a showcase of China's determination to deepen reforms to embrace the world.

Since the central bank announced further opening up of the country's financial sector, Shanghai has rolled out 32 related measures to benefit many overseas banks, insurers and asset management firms.

ICBC-AXA Life, partly owned by French insurance giant AXA, has won regulatory approval to set up an asset management firm in Shanghai. Willis Insurance Brokers Co. and JLT Insurance Brokers. Co. have became the first two to benefit from business scope expansion.

A survey of Renminbi qualified foreign institutional investors by Standard Chartered Bank showed that investors are thinking when to make investment on the onshore market, rather than whether or not.

Many countries and regions along the Belt and Road are also issuing bonds on China's inter-bank bond market and the Shanghai Stock Exchange.

After increasing investment quotas for the Shanghai-Hong Kong stock connect program, local authorities are making preparations to launch the Shanghai-London stock connect program within the year.

Shanghai's opening-up is also expanding into advanced manufacturing, and shipping and telecommunications sectors.

Also on July 10, U.S. carmaker Tesla Inc. announced that it will set up its first overseas plant in Shanghai, with a planned annual capacity of 500,000 electric cars.

With the largest foreign-invested manufacturing project, Tesla became the first to benefit from a new policy that allows foreign carmakers to set up wholly-owned subsidiaries in China.

Other foreign carmakers are also revving up expansion to get a larger share of the world's largest auto market.

In the aviation sector, Chinese and Russian engineers are working on the development of the CR929 wide-body passenger aircraft, a 280-seat jet with a range of 12,000 kilometers, in Shanghai.

Shanghai is scheduled to host the first China International Import Expo (CIIE), which signals a new round of China's high-level opening-up, from Nov. 5 to 10. Over 130 countries and regions and more than 2,800 companies have confirmed participation in the CIIE.

The country's financial and business center is also improving its business environment, including better protection of intellectual property rights and more efficient government services.

The efforts have yielded results. In the first half of the year, Shanghai's contractual foreign investment hit 21.5 billion U.S. dollars, up 18 percent year on year. Meanwhile, further 17 multinational firms set up regional headquarters in Shanghai, raising the total number to 642.

In addition, foreign-funded businesses in Shanghai saw revenues and profits up 10.3 percent and 17.6 percent, respectively, in the January-May period.

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China's Didi to invest $1 billion in its auto services platform www.reuters.com

BEIJING (Reuters) - Didi Chuxing, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as part of a wider rebranding of the unit.

Didi’s services business, which includes auto leasing, car maintenance and gas station services, has annualized sales of 60 billion yuan ($8.79 billion), the company added.

“Building on our service to 30 million DiDi drivers, we will strive to develop a leading one-stop auto service platform capable of winning the highest trust of car users,” said Kevin Chen, who heads the unit that has been rebranded as ‘Xiaoju’.

It comes as Didi is preparing for a blockbuster IPO, which could happen as early as next year, according to people familiar with the plans.

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Russia Tasks Hollywood Actor Seagal With Improving Russia-U.S. Ties www.themoscowtimes.com

Russia's Foreign Ministry said on Saturday it had made U.S. actor Steven Seagal its special representative for Russian-U.S. humanitarian ties, a role it said was meant to deepen cultural, art and youth ties between the two countries.

President Vladimir Putin presented a Russian passport to U.S. actor Steven Seagal in 2016, saying he hoped it would serve as a symbol of how fractious ties between Moscow and Washington were starting to improve.

Since then, U.S.-Russia relations have only got worse however with U.S. intelligence agencies accusing Moscow of interfering in Donald Trump's White House run, an allegation Russia denies. The two countries are also at odds over Syria and Ukraine.

The Russian Foreign Ministry likened Seagal's new role to that of a UN goodwill ambassador and said that the actor, who is known for his martial arts prowess, would receive no salary.

"It's a case of people's diplomacy intersecting with traditional diplomacy," the ministry said.

Seagal, who sometimes appears on Russian state TV to talk about his views and career, was cited by Kremlin-backed TV station RT as welcoming the appointment.

"I've always had a very strong desire to do all I can to help improve Russian-American relations," RT cited Seagal as saying. "I have worked tirelessly in this direction for many years unofficially and I am now very grateful for the opportunity to do the same thing officially."

For more than a decade Seagal, who according to his own website is 66, has been a regular visitor to Russia. His movies, including such titles as "Under Siege" and "Sniper: Special Ops," are popular with Russian audiences.

President Putin is also a fan of the kind of martial arts that Seagal often practiced in his Hollywood action movies.

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Mongolia Balance of Trade 1997-2018 www.tradingeconomics.com

Mongolia's trade surplus narrowed to USD 115.9 million in June of 2018 from USD 173.1 million in the same month of the previous year, as imports jumped 36 percent year-on-year to USD 580.3 million while exports grew at a softer 16.1 percent to USD 696.2 million. Considering the first six months of 2018, the trade surplus decreased 30.4 percent year-on-year to USD 822.2 million from USD 1181.3 million in the previous year. Imports soared 43.4 percent year-on-year to USD 2759.1 million, boosted by machinery & equipment & electrical appliances (44.2%); mineral products (34.9%); vehicles & parts (64.9%) and base metals & articles thereof (92.6%). Meantime, sales rose 15.3 percent to USD 3581.4 million, mostly driven by mineral products (18.5%); textiles & textile articles (16.3%) and live animals & animal’s origin products (94.6%). Balance of Trade in Mongolia averaged -7.81 USD Million from 1997 until 2018, reaching an all time high of 361.60 USD Million in December of 2016 and a record low of -369.80 USD Million in July of 2012

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‘Khuvsgul Altan duulga" JSC to hold roadshow meeting for public www.mse.mn

‘Khuvsgul Altan Duulga’ JSC, a Tier 3 listed company, will hold a roadshow meeting for public on August 6, 2018 at the Blue Sky Hotel at 4 pm.

The company is offering its 28 percent to public and strategic investors and the proceeds will be used to purchase agricultural and mill house equipment, reduce loan balance and finance current assets.

‘Bumbat-Altai SC’ LLC is working as an underwriter of the offering and the orders will be received from 8 August to 1 pm, 16 August 2018.

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Mongolia Inflation Rate 2007-2018 www.tradingeconomics.com

Inflation rate in Mongolia went up to 7.2 percent year-on-year in June of 2018 from 6.1 percent in the previous month. It was the highest inflation rate since June of 2015, as prices advanced faster for food & non-alcoholic beverages (10.8 percent from 7.1 percent in May); housing & utilities (14.9 percent from 13.8 percent); furnishings & household equipment (6 percent from 5.9 percent); recreation & culture (6.4 percent from 3.9 percent); health (10.7 percent from 9.7 percent) and miscellaneous goods & services (5.3 percent from 4.8 percent); while inflation was steady for transport (4.9 percent, the same as in the preceding month). Contrarily, cost slowed for clothing & footwear (2.6 percent from 3.2 percent); restaurants & hotels (5.1 percent from 5.8 percent); alcoholic beverages & tobacco (8.2 percent from 8.4 percent) and fell further for communication (-1.2 percent from -1 percent). On a monthly basis, consumer prices increased 0.5 percent from 0.6 percent in May. Inflation Rate in Mongolia averaged 10.23 percent from 2007 until 2018, reaching an all time high of 34.20 percent in August of 2008 and a record low of -0.20 percent in August of 2016.

In Mongolia, the most important categories in the consumer price index are food and non-alcoholic beverages (39.7 percent of the total weight); clothing, footwear (15.3 percent) and housing, water, electricity, gas and other fuels (10.8 percent). The index also includes: transports (9.0 percent); furnishings, household equipment, and tools (5.6 percent); education (5.4 percent); recreation and culture (3.1 percent); communication (2.9 percent); alcoholic beverages and tobacco (2.8 percent); miscellaneous goods and services (2.7 percent); health (1.8 percent) and restaurants and hotels (1.0 percent). This page provides the latest reported value for - Mongolia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

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Belt and Road fuels Northern Territory's innovation hub in Australia www.chinadaily.com.cn

In Australia, the Northern Territory's Darwin Innovation Hub is taking an active role in sharing the benefits of China's Belt and Road Initiative, said Harley Paroulakis, the hub's founder and chief executive.

"We would like to attract one Chinese innovation company to a Northern Territory industry sector in the next 12 months. We are planning to visit China and work with Austrade to find a suitable Chinese innovation company," Paroulakis said.

Austrade is the Australian Trade and Investment Commission, which helps companies connect to overseas markets, among other duties.

Paroulakis and his team members have had preliminary meetings with groups like the Shandong Investment Group venture capital team and Nanjing Development Zone.

To establish the right networks in China to find the right and most relevant Chinese company for the Northern Territory is the most challenging part of this project, which takes time, Paroulakis said.

However, China's Belt and Road Initiative gives him great confidence and a lot of assistance to build an Asia-Pacific ecosystem linking Darwin and Northern Territory industry to the region, especially with China.

The Belt and Road Initiative can certainly help build confidence and direction in our deal flow between China and North Australia and help the innovation hub work with the right business in China, Paroulakis said.

Meanwhile, the innovation hub also will back a Northern Territory innovation company to set up in China by developing partnerships with Chinese companies in the innovation and investment sectors, potentially via a parallel venture capital funding agreement that focuses on Belt and Road innovation investments between China and Australia, according to Paroulakis.

"We plan to visit China and meet with companies with technologies in solar, agricultural tech, mining tech and other industries relevant to the Northern Territory. We want to attract one company in the next 12 months to China and one to Australia consistent with the BRI," Paroulakis said.

DIH has raised the first venture capital fund in the Northern Territory and also established the first incubator in partnership with the Northern Territory government and Charles Darwin University, which involved winning a national tender, with the Australian Government getting the whole country to compete for grand funding for the Incubator Support Program. It was a historical first for the Northern Territory to won it, said Paroulakis.

The Northern Territory is a unique place to take advantage of China's Belt and Road Initiative to deepen China-Australian relations, as the Oceania region is the "natural extension" of the Maritime Silk Road, said Cheng Jingye, the Chinese ambassador to Australia, in mid-July at a high-level conference on the Belt and Road Initiative in Australia, as reported by NT News.

Active interactions between Chinese and Australian businesses would lead to further exploration of possible cooperation between China and Australia under the Belt and Road framework, as local cooperation is an integral part and important basis of China-Australia relations, Cheng said, according to the report.

The Darwin Innovation Hub aims at building an Asia-Pacific ecosystem linking Darwin and Northern Territory industry to the region, especially with China, and it would be a privilege to be part of the process in which China is becoming a world leader and standard setter of innovation in the world, Paroulakis said.

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Developing an eco-farm and training center in Mongolia www.idealist.org

Since 2000, volunteers from all over the world have been participating in summer programs designed to improve the vegetable farm at Buhug River. During the last years, we focused more on improving the facilities, and not much on the farming methods. The way it's been done, farming and cultivating was not really productive and eco-friendly. Farmers in the area also face the same challenges. Despite the hard work farmers put in, the crop yields are low.

The aim of this project is to develop the farm as a training center for eco-farming, where local people can learn basic but important eco-farming methods and practices. The goal is to achieve the biggest harvest with the most effective methods for using the limited land. Volunteers will work in the vegetable eco-farm and develop the eco-farming training center. Vegetables from the eco-farm will be donated to poor and low income local families.

Volunteers in the first project (May 18-May 31) will be planting vegetables such as potatoes, carrots, radishes, etc. They will be also making water canals for the farm, making compost, etc.

In the next projects, volunteers' main tasks will be removing weeds in the field, working in the greenhouse, making water canals for the farm, making compost, etc.

Participants are expected to like farming/physical work and be flexible and adaptable.

Location: Buhug is 45 km from Ulaanbaatar. The site is just unbelievably beautiful, typical Mongolian plain.

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