1 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      2 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      3 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      4 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      5 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      6 EIGHT COMPANIES ANNOUNCE TO DISBURSE DIVIDENDS SO FAR WWW.ZGM.MN PUBLISHED:2019/02/20      7 MONGOLIA'S PROSTITUTION ZONES, WHERE WOMEN TRADE SEX FOR FUEL IN SUB-ZERO TEMPERATURES WWW.TELEGRAPH.CO.UK PUBLISHED:2019/02/20      8 MONGOLIA TO SUSPEND KFC OUTLETS FOR INQUIRY AFTER FOOD POISONING REPORTS WWW.CNBC.COM PUBLISHED:2019/02/20      9 MIAT TO FLY BETWEEN ULAANBAATAR AND GUANGZHOU WWW.NEWS.MN PUBLISHED:2019/02/20      10 NEW BOOK ABOUT MONGOL EMPIRE’S IMPACT ON ISLAM WWW.NEWS.MN PUBLISHED:2019/02/20      УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20     II/19-НИЙ ДОТОР 24 ХК НОГДОЛ АШИГ ОЛГОХТОЙ ХОЛБООТОЙ ШИЙДВЭРЭЭ ГАРГАЖ , СЗХ-НД ХҮРГҮҮЛСЭН БАЙНА WWWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     ӨНГӨРСӨН САРД 23.9 МЯНГАН ЖУУЛЧИН ХҮЛЭЭН АВЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ЭРЧИМ ХҮЧНИЙ ИМПОРТ БУУРЧЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     ТАТВАР ТӨЛДӨГ 191 МЯНГАН ААН-Н 95.9 ХУВЬ НЬ БИЧИЛ БИЗНЕС ЭРХЭЛДЭГ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/02/20     НИЙТ НУТГИЙН 70 ОРЧИМ ХУВЬ НЬ ЦАСТАЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/20     ХАНБОГД-ОЮУТОЛГОЙГ ХОЛБОСОН ЗАМЫН НЭЭЛТ БОЛЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2019/02/20     ЗГҮЦ-ЫН АНХДАГЧ ЗАХ ЗЭЭЛИЙН АРИЛЖАА МХБ-ИЙН ҮЙЛ АЖИЛЛАГААНЫ ОРЛОГО БУУРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19     “TEMASEK HOLDINGS” КОМПАНИ “TRQ” ДЭХ ЭЗЭМШЛИЙН ХУВИА 28 ХУВИАР БУУРУУЛАВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/19    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Agreement on establishment of Mongolia-Tianjin transportation and logistics center signed www.montsame.mn

Ulaanbaatar/MONTSAME/ Chinese delegation headed by Li Hongzhong, Member of Politburo Standing Committee of the Communist Party of China and Communist Party Chief of Tianjin is visiting Mongolia these days. Within the visit, two sides signed a general agreement on cooperation for the project ‘Mongolia-Tianjin's Dongjiang transport and logistics center’.

The general agreement was signed by L.Khaltar, Deputy Minister of Road and Transportation Development and B.Tsengel, CEO of ‘Mongolian Railway’ State-Owned Shareholding Company from Mongolian side and by Mr. Wang Weidong, Director of Municipal Development and Reform Commission of Tianjin and Mr. Zhang Ruigan, Chairman of ‘Tianjin Port’ Group from Chinese side.

A joint working group of Mongolia and Tianjin is working to ensure preparations to establish Dongjiang transport and logistics center.

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Bill on mine rehabilitation to be drafted www.montsame.mn

Ulaanbaatar /MONTSAME/. As of 2012, there was 4,256 hectars of area that was left unrehabilitated, while now such area has increased by two times, becoming 8,800 hectars.

Thus, the Ministry of Environment and Tourism is organizing a discussion on the topic at the seminar on ‘Environmental protection and mine rehabilitation’, which is being organized for the second day at the Novotel Hotel.

Minister of Environment and Tourism N.Tserenbat gave opening remarks at the seminar, “In the draft on mine rehabilitation, we included responsibility insurance for mining companies. By doing this, the company will also be supervised by the insurance company, and there will be no more issues like this as a result.

The head of the Environment and Natural Resources Management Department at the Ministry of Environment and Tourism G.Nyamdavaa said, “To bring in more responsibility, our department has formed a team that is making a draft on mine rehabilitation. The bill will state the measures that must be taken in certain cases as well as where and what must be done for rehabilitation.

Currently, of the 27,405 hectars of area that have been used for mining, 1,100 sites or 8,871 hectars of area is deemed in need of rehabilitation.

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Ger district households to enjoy nighttime tariff discount from November 1 www.montsame.mn

Ulaanbaatar /MONTSAME/ In accordance with the revised regulations on nighttime electricity tariff discount for ger district households, nighttime electricity tariff of ger districts in Capital city is to be cut by 100 percent whereas of the centers of each aimag and soum that have a population of over 10 thousand by 50 percent during cold seasons.

The regulation will take effect starting from November 1, 2018 until April 1, 2019. The tariff discount will apply to the consumption between 21:00 and 06:00.

As estimated, about 120 thousand households received nighttime electricity discount last year. The maximum consumption to get discounted electricity per month is be different for households depending on transmission- level voltages.

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President meets with Roberto Azevedo, Director-General of the World Trade Organization www.montsame.mn

Ulaanbaatar /MONTSAME/ On the sidelines of the World Investment Forum taking place in Geneva, Switzerland, President of Mongolia Khaltmaagiin Battulga visited the World Trade Organization headquarters and met Director-General Roberto Azevedo on October 22.

During the meeting, President Battulga mentioned that Mongolia had been a member of the World Trade Organization for more than 20 years since joining in 1997 and exchanged views with the Director-General on the development of the trade industry. President Battulga discussed the state of the global economy, the trade tensions between countries, and the trade and economic policy of Mongolia and affirmed Mongolia’s commitment to strengthening the multilateral trading system.

Director-General Roberto Azevedo stressed that it was important for Mongolia to diversify its economy and the market and that human resources development is also equally important, therefore, mentioning about the over 150 Mongolian public servants who participated in long and short-term training courses of the World Trade Organization last year. The Director-General expressed his interest to visit Mongolia next year to oversee the progress of bilateral cooperation.

source:president.mn

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The Ultimate Luxury Gers In Mongolia's Expansive Gobi Desert www.forbes.com

The best places in the world are often the hardest to get to. I’ve found this time and time again at places such as the Clouds Mountain Gorilla Lodge in Uganda, the Galapagos Safari Camp in Ecuador, Nihi Sumba in Indonesia, and the Explora resort in Patagonia. Now on my list is the Three Camel Lodge in Mongolia, a wildly obscure and pristine luxury ger camp set in Mongolia’s expansive Gobi Desert. I’ve long wanted to see Mongolia, and the Three Camel Lodge provides an unmatched way in which to experience it.

Most of Mongolia would be considered “remote,” and that’s an understatement. One can drive for hours on dirt roads (most of which Mongolia is) and never spot a person, road sign, cell tower, or ger. Half of Mongolia’s three million people live the centuries’ old nomadic lifestyle, and this way of life relies on felt padded ger “tents,” herds of animals, and the gifts of nature such as rain, wind, and river systems. To a Westerner tourist, this nomadic lifestyle is utterly romantic and unbelievable all at once, and Three Camel Lodge, despite its many comforts, does a good job at showcasing this simple, pristine way of life.

Three Camel Lodge rests in the flat “steppe” region of the Gobi-Altai Mountains of Gurvansaikhan National Park, about 300 miles from the capital, Ulaabaatar. The best way to get to the lodge is one hour by SUV from Dalanzadgad, a very small regional airport. Three Camel Lodge does a tremendous job in ensuring guests don’t get lost (no roads, as mentioned above), and each party is given a guide from the airport to manage each stay. Ours was lovely, spoke great English, and worked with our talented driver to spot eagles and herds of camels in the distance during our excursions. Every day, we had an adventure of riding two hump Bactrian camels in the sand dunes or hiking a mountain to view petroglyphs. My favorite sunset excursion was to the orange hued Flaming Cliffs, the legendary area also known as Bayanzag where dinosaur eggs were discovered nearly a century ago.

secretly enjoyed the lodge as much as the daily adventures. The property’s 40 gers, each meticulously handmade with wood, felt, and traditional colorful furniture, are surprisingly spacious. All the gers faces south, a Mongolian tradition, and my travel companion and I loved playing guitar and reading books while gazing out at the endless grasslands every afternoon.

This was a rare treat, and since there’s no wi-fi or cell service at the lodge, one can truly soak up the quiet, majestic beauty of the land at Three Camel Lodge. Also rare, given the extraordinary location of the resort, are the fantastic stone en-suite bathrooms complete with camel milk lotions, 24-hour electricity through the property, a luxury movie theater at the main lodge, and a full-service restaurant and bar lounge. There’s even a ger dedicated to Mongolian massage, a tradition practiced for hundreds, if not thousands, of years.

Although luxury is an attribute of Three Camel Lodge, the camp’s other notable asset is its dedication to sustainability, both environmentally and culturally. Jalsa Urubshurow, the founder and owner of Three Camel Lodge and a Mongolian-American, created Nomadic Expeditions, the sister company of Three Camel Lodge, in 1992. Nomadic Expeditions remains dedicated to taking travelers sustainability to obscure, unbelievable places throughout Asia, including Bhutan and Tibet. A decade later, Three Camel Lodge opened with the same ethos. Today, the Lodge recycles its organic waste to local farms for use as fertilizer, builds and supports greenhouse projects, employs 100% local Mongolians, and assists local families with goods and supplies to weather intense winters. In addition, Three Camel Lodge launched a ‘No Plastic Bags in the Gobi’ program that works with locals and small businesses to encourage the use of cloth shopping bags. I always prefer to stay at a property that doesn’t diminish its setting but instead enhances and cherishes it, and Three Camel Lodge is a pillar example.

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Meeting with Arancha Gonzalez, Executive Director of the International Trade Center www.president.mn

On the sidelines of the 2018 World Investment Forum taking place in Geneva, Switzerland, President of Mongolia Khaltmaagiin Battulga met Arancha Gonzalez, Executive Director of the International Trade Centre, on October 22nd.

President Battulga began the meeting by expressing gratitude to the International Trade Centre staff and Executive Director Arancha Gonzalez, emphasizing the Centre’s assistance provided to Mongolia in foreign trade and private sector development over the last two decades.

Executive Director Arancha Gonzalez appreciated her meeting the President of Mongolia and discussed the economic relations between the International Trade Centre and Mongolia, while expressing readiness to intensify the Centre’s cooperation with Mongolia and work with Mongolia in all possible areas.

President Battulga presented a proposal to collaborate with the Centre on organizing the 2020 World Export Development Forum in Mongolia, introducing Mongolian-made products to international markets through improvement of the competitiveness of SMEs, and diversifying Mongolia’s export. The President spoke about the existing opportunity to bring technology in from Europe, especially to manufacture products using raw materials of animal origin and supply them to East Asian and other markets. President Battulga also made a proposal regarding implementation of the International Trade Centre’s Women and Trade and Youth and Trade programs, which are highly important in promotion of employment and business among women and young people, in Mongolia.

At the end of the meeting, Executive Director Arancha Gonzalez informed President Battulga of her upcoming visit to Mongolia and expressed her appreciation of Mongolia’s proposal to host the 2020 World Export Development Forum.

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2019 budget plan brings attention to Future Heritage Fund www.zgm.mn

Along with the submission of the draft of 2019 State Budget, the Minister of Finance Khurelbaatar Chimed announced that the bill allocated around MNT 500 billion to the Future Heritage Fund (FHF). However, the fund, which was supposed to have over MNT 800 billion in its initial plan, is still under deficit and the fiscal plan may affect the Government’s initiative to create the treasury until 2030. Approved by the Parliament in 2016, the Law on Future Heritage Fund took effect last year. The purpose of the fund is to save certain portion of mining sector revenue to cover budget deficit and major debt repayments. Finance Minister Khurelbaatar previously announced that the fund will not be touched until 2030 with the revised plan for the fund. The FHF was previously called the Human Development Fund (HDF), which was responsible for several social welfare, such as the child money program, and had an accumulated debts of MNT 1.71 trillion by the FHF was established. The Government’s idea was to finance the fund from the State Budget in an amount equal to about 70 percent of mining revenue. Accordingly, a total of MNT 357.7 billion was allocated last year and MNT 508.7 billion is expected to be financed this year. But the balance of FHF is currently under deficit as the fund’s asset was drawn for fiscal balance and HDF debt repayments.

10 percent of FHF net profits to be drawn to budget starting from 2030
On the contrary, the budget bill expects around MNT 3 trillion from mining sector in revenue. This is around 76.4 percent higher than 2018 expectation of MNT 1.7 trillion. The draft expects to fulfill this amount by exporting 42 million tons of coal and 1.4 million tons of copper. Thus, failure to fulfill this target may affect potential financing to the fund.

According to the Ministry of Finance, the budget estimation is calculated in a triennial basis. The draft of 2019 budget bill allocated about MNT 1.1 trillion to the fund, of which MNT 600 billion will be spent to settle HDF debts and MNT 553 billion will remain in the fund according to a spokesperson of the Ministry of Finance. As for 2020, the ministry currently estimates MNT 754.5 billion financing for the fund and MNT 774.4 billion in 2021. The FHF will be financed from the State Budget until 2030 and will continue to operate as a sovereign wealth fund. The fund’s 10 percent of net profit will be drawn to the State Budget starting from 2030 according to the Law on FHF. Additionally, Finance Minister Khurelbaatar previously noted that the first MNT 500 billion will be circulated to raise fund as same as wealth funds of other countries and remarked, “We are currently studying Singaporean Temasek Holdings and Government Pension Fund of Norway.” Regarding the management, the Law on Future Heritage Fund states that a state-owned enterprise Future Heritage Fund Corporation will be responsible for the fund’s operation. A spokesperson of the Ministry of Finance informed that the ministry is currently drafting the rules and regulations of the corporation.

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Sub-regional Workshop by UNCTAD and ITTLLDC succesfully organized in Ulaanbaatar, Mongolia www.news.mn

Sub-regional Workshop on “Fostering Structural Transformation and Export Diversification in Selected Asian Landlocked Developing Countries” was jointly organized in Ulaanbaatar, Mongolia, from 16 to 17 October 2018 by the International Think Tank for Landlocked Developing Countries, UN Conference on Trade and Development and the Government of Mongolia.

During the workshop, the International Think Tank for LLDCs, in cooperation with UNCTAD, introduced research results on structural economic transformation and export diversification, which is identified as Priority 5 in the Vienna Programme of Action for LLDCs.

Government representatives from Mongolia, Lao PDR, Bhutan, Kazakhstan, Kyrgyz Republic and Uzbekistan made presentations on the challenges, policies and best practices to diversify their economies.

The outcome of the workshop will help guide trade policy formulation and implementation at the national and sub-regional levels. It will contain a synthesis of the identified areas of trade potential, local gaps and limitations, together with policy recommendations aimed at addressing the challenges facing countries of the sub-region.

The results of the workshop will also feed into the mid-term review of the implementation of the Vienna Programme of Action for LLDCs in 2019.

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B.Batzorig: Domestic need of wheat and potatoes to be fully ensured www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Food, Agriculture and Light Industry reports that volume of harvest per hectare of land has been increased this year. Specifically, grain was harvested at a yield of 14 centner this year whild it was 8.48 centner last year.

At present, harvesting of grain is running at 75.3 percent and 98.8 percent for vegetables. A total of 342.1 tons of grain has been harvested from 257.1 hectares, of which 330.4 thousand tons of wheat, 160.1 thousand tons of potatoes from 12.8 thousand hectares, 91.8 thousand tons of vegetables from 8.2 thousand hectares respectively. Some 80 thousand hectares were put at risk due to continued rain from the end of July till the mid of August as well as heavy snow at the beginning and mid of September. Regarding to it, the Ministry of Food, Agriculture and Light Industry sent a request to the National Emergency Management Agency to receive green fodder in its hay and fodder reserve.

“Although several barriers occurred due to weather condition, the damage was not huge at national level. We will ensure domestic need of wheat and potatoes at 100 percent,” said Minister B.Batzorig.

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China stocks see biggest spike since 2015 www.bbc.com

One of China's leading stock indexes has had its highest daily spike in more than three years following signs that the government will step in to support battered equity markets.
 
The Shanghai Composite jumped 4.4%, putting it on track for its biggest one-day rise since September 2015.
 
The moves extend a rally that began on Friday and after investor confidence surged on assurances from Beijing.
 
Stocks had been falling as China's economic growth continued to stutter.
 
On Friday, top Chinese financial officials - including economic advisor Liu He and the heads of the securities and insurance commissions - issued a statement to buoy investor sentiment in bruised markets.
 
"The barrage of headlines from key Chinese officials on Friday was deafening and extremely co-ordinated, which has been to great effect," Pepperstone analyst Chris Weston said in a research note.
 
Over the weekend, the government published a draft of new rules for personal tax deductions, according to Reuters.
 
The moves come as the world's second largest economy faces challenges such as high debt levels and an intensifying trade war with the US.
 
Data out Friday showed the Chinese economy grew at the slowest quarterly rate since the global financial crisis.
 
More pain to come in US-China trade war
The result was also a drop from the 6.7% rate in the prior quarter, but remains in line with the government's full-year target of about 6.5%.
 
For years China has pushed to wean itself off exports and rely more on domestic consumption for growth.
 
At the same time, the government has been fighting to contain ballooning debt driven by a wave of infrastructure development and a housing bubble without hurting growth.
 
In recent months Beijing has taken steps to support its economy, including cutting capital requirements to boost liquidity and ease the slowdown.
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