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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‘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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Eco ger kindergarten campaign commences www.montsame.mn

Ulaanbaatar/MONTSAME/ Over 150 kindergartens are reportedly in need in the capital city and about 40 000 children are still unable to get early education. Inadequate access to kindergartens has an adverse impact on children’s development, future learning process and pose significant risks to children.

To have these crucial needs met, Rotary Club of Ulaanbaatar Peace Avenue (RCUPA) is working to establish an Eco ger kindergarten to have more children access to early education in a safe, healthy environment.
It is starting its project in Songinokhairkhan, the most populated district in the city and soon 35 children will be able to learn, play and even grow fruits and vegetables in their eco kindergarten.

For this goal, the RCUPA is collaborating with Governor's Office of Songinokharikhan District, Kindergarten 252 of 31st khoroo of Songinokharikhan District, residents of Songinokharikhan District, World Vision Mongolia, Eco Town, Sakura construction, Nomongoo company, and MP Garamjav. Individuals are also available to be a part and contribute to the Eco ger kindergarten campaign.


Source: Rotary Club of Ulaanbaatar Peace Avenue

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Russia exports record amount of gas to energy-hungry Europe www.rt.com

Gazprom, Russia’s largest natural gas exporter, has again increased its deliveries to Europe. The company sent 5.8 percent more blue fuel to the continent through July compared to last year.
Gas deliveries to Germany jumped 12.3 percent. Austria bought 48.3 percent more Russian gas. Shipments to the Netherlands were 53.8 percent higher, and to Croatia up by 40.1 percent. Gazprom also exported more gas to Denmark, Poland, and France in the first seven months of 2018.

Gazprom executives are seeking to increase gas deliveries to Europe to 200 billion cubic meters per year. In 2017, Gazprom Group supplied a total of 194.4 billion cubic meters of gas to European countries, including Turkey. Western European countries accounted for approximately 81 percent of the company’s exports from Russia, while Central European states took 19 percent.

According to Gazprom CEO Aleksey Miller, the record delivery number is feasible. The main factors for growth in European demand are an increase in economic activity on the continent and a long-term decline in European gas production.

The Russian share of the European gas market increased to 34 percent last year, according to Gazprom. Europe also imported 24 percent from Norway, 13 percent came in LNG supplies, and 11 percent from Algeria.

Gazprom’s activities in the European gas market are underpinned by long-term contracts with oil-pegged prices and take-or-pay clauses. The company has long-term contracts of up to 25 years, usually based on intergovernmental agreements with countries in Central and Western Europe.

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Govt in talks with IMF to settle 2019 mortgage program financing www.zgm.mn

Ministry of Construction and Urban Development (MCUD) is aiming to reduce mortgage loan down payment to 25 percent from 30. The down payment reduction is expected to increase the number of households capable of repaying mortgage loan to about 31,000 according to an official close to the matter. A supply and demand study, conducted amongst the 152 khoroos (smallest administrative unit of Mongolia) of Ulaanbaatar, shows that around 252,000 households are interested in applying for mortgage program, of which only 13,000 households meet the criteria. According to the MCUD, over 33,000 accommodations are currently ready for sale in Ulaanbaatar city. 2018 State Budget allocated around MNT 120 billion for the mortgage program. Also, mortgage lenders are expected to pump MNT 220 billion to the program through interest payments this year. In other words, around MNT 340 billion can be financed for the program in 2018, highlighted the Minister of Finance Khurelbaatar Chimed.

Govt and BoM financed MNT 156 billion in 2018 
However, the financing of the new mortgage loan program is yet to be settled. The MCUD has presented a draft bill on transferring he program to the Government within the next month. The bill is now being reviewed by the Ministry of Finance and will take effect starting from January 1, 2019 if approved. Additionally, the International Monetary Fund staff team led by Geoff Gottlieb is currently visiting Mongolia until next week for the fifth review of Extended Fund Facility program. Thus, the Government is taking the opportunity to hold talks with the IMF team on the financing of the new mortgage program, as well as salary raise. Ministry of Finance refused to clarify details of the meetings as sides are yet to reach a final decision. Concerning the financing of mortgage program, several options are in discussion; for instance, if the program is transferred to the Government, a new regulation will come into effect. But if the Bank of Mongolia (BoM) continues to pilot the program, the current regulation will stay intact. In June, mortgage lending totalled MNT 82 billion, of which 42 percent was sourced from the program and 58 percent from commercial banks’ capital. The BoM monthly grants MNT 16 billion, and Ministry of Finance - MNT 10 billion for the program, adding up to MNT 156 billion in the first half of this year.

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Mongolia hosts historic FIFA Forward Workshop www.fifa.com

A historic FIFA Forward Workshop was held in Ulaanbaatar, Mongolia from 29-30 July, with 11 Member Associations (MAs) from the East and South East Asian region taking part.

The first FIFA event hosted by the Mongolian Football Federation (MFF) since its inception in 1959 saw two days of productive activities, which highlighted the benefits that funding from the FIFA Forward Programme can bring to MAs.

The workshop, divided into several sessions over the two days, included discussions on the first cycle of the FIFA Forward Development Programme, and what the future of FIFA Forward looks like in the 2019-2022 cycle. There was also a case study into the Icelandic Football Association's use of FIFA Forward funds, presented by Geir Thorsteinsson (the former president of the Icelandic FA) and discussions on women's football and how to correctly submit a FIFA Forward application.

“On behalf of the entire Mongolian football family, I very much appreciate the fact that FIFA has decided to organise such a prestigious event in my country," said Ganbaatar Amgalanbaatar, MFF President. "I am also happy that the FIFA Workshop provided very important information on the Forward Development Programme which has really enhanced the development of football throughout the world, including Mongolia.

"The financial support provided to the MFF has enabled us to support our national teams in nine age categories including women’s and futsal. We have also prioritised women’s football as a key goal in our strategic objectives. I would like to end by saying that MFF and FIFA are one team with one goal."

Representing FIFA in Mongolia were Sanjeevan Balasingam, FIFA's Regional MA Director (Asia and Oceania), Daniel O'Toole, from FIFA's Financial Governance Programme, Juerg Nepfer, FIFA's Head of Technical Development Services and Geir Thorsteinsson, member of FIFA's Associations Committee.

Member Associations in attendance

​China PR
Guam
Hong Kong
Japan
Korea Republic
Korea DPR
Macau
Mongolia
Philippines
Thailand
Vietnam
The participants found the workshop useful, and fully appreciated the opportunity to discuss the benefits of the FIFA Forward Programme.

"The HKFA has greatly benefited from this new FIFA initiative – the Forward Development Programme, in recent years," said Vincent Yuen, General Secretary of the Hong Kong FA. "On this occasion we are not only being given the chance to review the whole programme together with FIFA and fellow MAs but also have received information on the enhanced and improved version of the programme. The workshop is entirely enlightening and the interaction is informative. I cannot thank FIFA enough for this."

The workshop stressed the importance of strategic planning for all MAs, making clear that their respective plans would form key priorities to be contained in the Contract of Agreed Objectives (CAOs). The CAOs will be executed along with FIFA for the upcoming cycle (2019-2022) of the FIFA Forward Development Programme.

During the workshop, there were engaging discussions in bilateral meetings between each of the 11 MAs, which focused on the drafting of the CAOs for the 2019-2022 period.

"Continuing on from the 2017 edition of the Forward Workshops, we were able to learn about practices and various experiences of different member associations which was very helpful," said Sean An from the Korean FA. "In particular, Iceland Football Association's case study provided an inspirational and unique insight of how the FIFA Forward can be utilised as a foundation in leaving a legacy."

The workshop in Mongolia is just one of a series of global workshops organised by the FIFA Member Associations Division, to ensure the 211 MAs and six confederations are kept up-to-date on the FIFA Forward Programme.

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ADB Asian Development Bank : Warns About Fundraising Scams in Mongolia www.4-traders.com

ULAANBAATAR, MONGOLIA (2 August 2018) - The Asian Development Bank's (ADB) Office of Anticorruption and Integrity (OAI) advises the public to be aware of scams soliciting money fraudulently and claiming an affiliation with ADB.

The bank is investigating complaints of individuals posing as ADB staff or using ADB office addresses to raise money in exchange for a loan or reward. ADB urges the public not to send banking and personal information to suspicious entities, whether in person or online. If you suspect you have been or are being targeted by scammers, please contact your local law enforcement agency.

As a development institution, ADB does not solicit money from the public, so any claim otherwise-for transaction fees, administration fees, foreign settlement fees, and such-is false. ADB also does not solicit personal information or bank account details in exchange for employment. In addition, ADB never sends official communication from domains other than '@adb.org.'

To report individuals or entities suspected of fraudulent or corrupt practices involving ADB, please contact OAI at integrity@adb.org(link sends e-mail). In addition, all ADB projects and offices can be verified by calling ADB directly using information listed on the following web pages: https://www.adb.org/countries/main or https://www.adb.org/…/beware-business-scams-using-adb-s-name.

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US Steel tumbles as investors seek more from tariff windfall www.bloomberg.com

U.S. Steel Corp. fell the most among peers as a mixed bag of quarterly results left investors wondering if they would see any real benefit from trade policies that have pushed up U.S. prices of the metal.

While the Pittsburgh-based steelmaker raised its 2018 earnings forecast after a better-than-expected second quarter, it gave a third-quarter projection that trails the average analyst estimate and kept dividends unchanged at 5 cents a share.

In a year in which Trump administration tariffs have helped fuel a 40 percent surge in domestic steel prices, U.S. Steel shares have lost ground even as most rival producers gain. The company, which is working to revitalize its aging facilities, has the lowest dividend yield among major rivals.

“Given the amount of cash coming from this company right now, I think people are getting a little impatient,” Seth Rosenfeld, a managing director at Jefferies in London, said by telephone. “If you think the macro economic outlook is untenable and you think demand could suffer because of these trade policies, you’re a lot less patient.”

For the third time in a row, U.S. Steel slumped after delivering earnings. The shares were down 9.8 percent at 11:57 a.m. in New York, heading for the biggest drop since it released first-quarter results.

Concerns about demand growth have been on the minds of investors throughout the earnings season. Caterpillar Inc. shares fell as investors worry that the full brunt of Donald Trump’s trade war is yet to hit the biggest maker of machinery for mining and construction at a time that some end-user industries may be reaching peaks in their growth cycles.

“The biggest risk to the U.S. market is demand begins to weaken, and if that’s the case then people will want to get their cash out beforehand,” Rosenfeld said.

(By Joe Deaux)

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