1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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Chinese investors showing sunny outlook www.chinadaily.com

Chinese investors are more optimistic in the prospects of both equity and fixed income investments, according to the Manulife Investor Sentiment Index released on Thursday.

The MISI survey in China is based on the responses of 1,000 online interviews conducted from Jan 8 to Feb 20. Respondents are middle class to affluent investors, 25 years or older who are the primary decision makers for financial matters in the household and have investment products.

Chinese investors' overall positive sentiment increased to 40 points this year, compared to 33 points in 2017, according to the survey. The reasons behind the investors' sunny outlook include their belief in new opportunities brought out by China's economic reform, on top of a positive forecast for the global economy.

The 2018 MISI data also showed Chinese investors' positive opinion of property went up 15 points to 32, while that for cash jumped 10 points to 38, and fixed income rose 6 points to 54. Bullishness for equity increased marginally, due to a volatile stock market earlier this year.

In general, Chinese investors expecting a total investment return climbed to 8.8 percent in 2018, up 1 percentage point from the previous year, according to the survey.

Andrew Wang, chief investment officer of Manulife TEDA Fund Management Co Ltd, said the company is cautiously optimistic toward the Chinese equity market, underpinned by China's resilient economy, solid growth and moderate inflation.

"We are also seeing positive reforms in the financial industry to achieve deleveraging as well as increase financial transparency, which will be beneficial for the banking sector," he said.

The index also showed insurance products make up 11 percent of the Chinese people's investment portfolio on average this year, slightly up from 2017 — a 1 percent increase. In addition, the number of investors with insurance saving plans rose 5 percent, reaching 50 percent. The number of interviewees who have bought personal health or medical insurance policies went up 8 percent, hitting 46 percent.

Zhang Kai, chief executive officer of Manulife-Sinochem, said Chinese investors are putting more emphasis on insurance products, given their protective value in one's overall financial plan.

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ADB to grant USD 2.5 million to Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ On April 26, 2018 the Asian Development Bank (ADB) has agreed to provide two technical assistance (TA) grants totaling USD2.5 million to help the Government of Mongolia strengthen water governance at the river basin level and prepare a development investment program for aimag and soum centers in the country.

The agreements were signed by Batkhuu Idesh, Director General of the Development Financing Department of the Ministry of Finance, and Yolanda Fernandez Lommen, ADB Country Director for Mongolia, at a ceremony in Ulaanbaatar. First Secretary Hiroshi Fukasawa from the Embassy of Japan in Mongolia witnessed the event. Representatives from the Ministry of Environment and Tourism and the Ministry of Construction and Urban Development also participated.

“Mongolia’s future development rests heavily on how it manages its resources and achieve sustainable development driven by a multisector economy and ecological balance,” said Ms. Fernandez Lommen. "Both projects are aligned with ADB’s Country Partnership Strategy for Mongolia, which supports the government’s efforts to foster inclusive growth, improve people’s access to services, and strengthen environmental sustainability.”

The USD1 million water governance TA grant aims to improve the effectiveness and sustainability of investments in the water sector and infrastructure in the country to provide socioeconomic benefits. The project will assess the current status of water governance standards, provide policy recommendations for legislative and institutional reforms, and develop and update management plans for river basins. It will strengthen and build capacity among government agencies, and assess the potential scale-up and replication of water security approaches for river basins.

The regional development TA grant for the aimag and soum centers is worth $1.5 million. It will help the government develop an investment program to improve basic urban services and promote the local economy in selected aimag capitals and soum centers. The program will focus on regional urban clusters that have the potential to build a more resilient and diversified economy to deliver inclusive and sustainable growth. The TA will support the preparation of the investment program, such as the formulation of economic and urban development strategies, feasibility studies, and measures that will enhance aid effectiveness and project readiness.

The two projects are funded by the Japan Fund for Poverty Reduction. Over the past 19 years, the fund has supported projects in Mongolia in poverty alleviation, community development, improving livelihoods, and safeguarding the environment.
Source:ADB

G.Tuguldur

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Mongolia Not Only India's Strategic Partner But 'spiritual Neighbour': Sushma Swaraj www.republicworld.com

Minister of External Affairs Sushma Swaraj on Wednesday said that Mongolia is not only India's "strategic partner" but also a "spiritual neighbour" because of the common Buddhist heritage.

Heading the 6th Joint Committee for Cooperation, Swaraj said, "Mongolia is well known in India for the valour of her kings and her strong Buddist heritage".

Owing to the common Buddhist heritage shared by the two countries, Swaraj said that the Indian government encourages "students from Mongolia to visit India for further study and research in the field of Buddhist studies."

The minister also shared in her speech that she will attend a birth centenary of a 19th Kushok Bakula Rinpoche who happened to India's ambassador to Mongolia.

Further, in her speech, she mentioned that both she and Mongolian Foreign Minister Damdin Tsogtbaatar are committed for capacity building programmes for the people of Mongolia specifically in the areas of English language training and Information Technology.

Thwarting terrorism was also one of the most important highlights of the joint summit.

Both the foreign ministers also held discussions for economic cooperation in areas including infrastructure development, energy, services and Information Technology.

In her speech, she highlighted the collaborative projects including the on-going refinery projects in Mongolia. India had provided one billion dollar Indian Line of Credit for the construction of the oil refinery in the mineral and oil-rich country Mongolia.

The two foreign ministers also inked several bilateral agreements.

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EUR50 million to be granted to state budget if Mongolia meets criteria www.montsame.mn

Ulaanbaatar /MONTSAME/ The European Union is implementing project to support Mongolia’s economy in partnership with the World Bank, reported Marco Ferri, Charge D’Affaires of the European Delegation in Mongolia at his meeting yesterday with Head of Standing Committee on Budget, MP B.Chojilsuren.

The EU delegates arrived in Mongolia to study economic condition of Mongolia and to make analysis on whether it meets criteria of rendering budget support with non-refundable aid. If Mongolia satisfies requirements and gets the right to receive the budget support, non-refundable aid of EUR 50 millioncan be granted to the State Budget of Mongolia, Mr. Marco Ferri informed.

In turn, Head of the Standing Committee B.Choijilsuren expressed gratitude on behalf of the Parliament and the Standing Committee to delegates on visiting to Mongolia to render budget support. “Since the launch of implementation of Extended Fund Facility program of the International Monetary Fund, it brought positive changes in Mongolia’s economy. Stable price of export mining products is influencing favorably as well”, he added and briefed current state of economic condition of Mongolia.

At the meeting, the sides touched issues State Budget spending, transparency and public participation in it.

B.Batchimeg

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“Nuurstei” Project’s Feasibility Study to be Completed www.gogo.mn

The Managing Director of Aspire Mining Limited, David Paull, stated in an interview with Proactive-Investors that the feasibility study of the “Nuurstei” Coking Coal Project would be completed in the middle of 2018, and extraction would begin in 2019.

During Prime Minister U. Khurelsukh’s visit to the PRC, Aspire Mining signed several agreements, one of which is a Memorandum of Understanding with “China Gezhouba Group” for cooperation and investment.

The MoU includes finalizing the feasibility study of a railway route between Erdenet-Ovoot by May.

Construction of this railway infrastructure will open a gateway for Aspire Mining to export coal to the Russian Federation and the PRC.

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One of the world's longest gas pipelines from Russia to China almost complete www.rt.com

The construction of the 3,000km Power of Siberia gas pipeline or the eastern route, which is aimed to deliver Russian gas to China, will be completed by the end of the year.
The announcement was made by Deputy Chairman of Gazprom Management Committee Vitaly Markelov, who said: “By 2019, we plan to eliminate technical gaps after testing.”

The Power of Siberia pipeline is one of the biggest projects between Russia and China. Analysts say it could help Russia become one of China's main providers of natural gas as demand in the country increases.

The pipeline’s first section will run some 2,200km from the Chayandinskoye field (Yakutia) to Blagoveshchensk (Chinese border). The second phase of the project will include the construction of a section stretching for about 800km from the Kovyktinskoye field (Irkutsk Region) to the Chayandinskoye field. The third stage provides for expanding gas transmission capacity between the Chayandinskoye field and Blagoveshchensk.

The deal on the eastern route took more than a decade to negotiate. Last July, Gazprom and the China National Petroleum Corporation (CNPC) inked an agreement to start gas deliveries via the route.

In May 2014, the two companies signed a $400-billion 30-year framework to deliver 38 billion cubic meters of Russian gas to China annually.

Moscow and Beijing plan to build another pipeline – Power of Siberia 2 or the western route – that will deliver another 30 billion cubic meters of Russian natural gas.

According to the head of Gazprom, Aleksey Miller, China’s growing gas consumption, which was more than 200 billion cubic meters in 2016, is soon expected to reach 300 billion cubic meters.

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India to Establish Air Corridor With Landlocked Mongolia to Boost Trade www.sputniknews.com

New Delhi (Sputnik) — In a major decision that may irk China, India has decided to explore the possibility of launching direct air connectivity with Mongolia — a landlocked country, primarily dependent on its neighbors for energy and other needs. The decision was taken during a two-day visit of Sushma Swaraj to Mongolia — the first by an Indian foreign minister after a gap of 42 years.

On Wednesday morning, Foreign Minister of Mongolia Damdin Tsogtbaatar and his Indian counterpart presided over the 6th Session of the Indian-Mongolia Joint Committee on Cooperation, where they discussed issues covering a wide range of bilateral engagements.

"We agreed to remove institutional and logistical impediments to boost our trade, tourism and people to people contacts. In this regard, we also agreed to explore possibility of launching direct air connectivity between our two capitals," Sushma Swaraj said during the joint media briefing with her Mongolian counterpart.

Mongolia would be the second major landlocked country after Afghanistan with which India has decided to launch air connectivity, establishing a strategic relationship. Last year, India opened two air corridors with cargo flights between Kabul, Kandahar, New Delhi and Mumbai.
Meanwhile, the two countries have also agreed to expedite the refinery project selected by the Government of Mongolia for implementation with the support of one billion dollars Indian line of credit.

"We directed our officials to coordinate follow up action on each side for the expeditious implementation of these projects. Our strong political ties must be complemented by commensurate levels of trade, economy and investment," Swaraj added.

The Indian line of credit includes a $700 million loan for the oil refinery and $264 million for oil pipelines. The loan was announced during Prime Minister Narendra Modi's visit to the East Asian country in 2015. The 20-year loan will have an interest rate of 1.75 percent and principal payments will be waived during the first five years.

The refinery will have a processing capacity of 1.5 million metric tons of oil per year and will annually produce 560,000 tons of gasoline and 670,000 tons of diesel fuel, as well as 107,000 tons of liquefied gas. It could also boost Mongolia's gross domestic product by 10 percent. The new warmth in the relationship between India and Mongolia began in 2015 with Prime Minister Narendra Modi's historic visit — the first ever by an Indian Prime Minister to Mongolia.

In 2016, when China imposed the economic blockade, Mongolia's Ambassador to India Gonchig Ganbold asked India for help, as Mongolian vehicles were being charged for over-land transit and China's province of Inner Mongolia had begun to charge trucks carrying minerals a provincial tariff.

However, India hesitated to come to the rescue of Mongolia, as a result of which, on December 21, Ulaanbaatar apologized abjectly to Beijing. Mongolian Foreign Minister Tsend Munkh-Orgil promised that the Dalai Lama will no longer be allowed to enter his country even for a religious matter.

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Relocation of UB's Zuun ail market to start in May www.news.com

The Ulaanbaatar City Council recently decided to relocate the building materials market, located in the Zuun Ail district of the capital, in progressive stages in an effort to reduce traffic around the area and improve the environment.

Earlier today, S.Amarsaikhan, Chairman of the UB Citizens' Representative Khural (Council) received delegates from the UB city Road Development Agency, the General Agency for Specialized Investigation, the Master Planning Agency of the Capital and the UB City Administration. At the meeting, the UB Mayor issued a decree to start the relocation of the Zuun Ail market from May.

The Zuun Ail market is located in the Sukhbaatar District of Ulaanbaatar to the north-east of the city centre.

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Improved fuel producing enterprise to be established www.montsame.mn

Ulaanbaatar/MONTSAME/ The Cabinet called its regular meeting on April 25 and decided to establish an enterprise to produce improved fuel, based on the Erdenes Tavan Tolgoi JSC.

To be operated as a subsidiary of ‘Erdenes Mongol’ LLC, the enterprise will produce improved fuel with the processed coal of Ukhaa Khudag mine.

It is one of measures to be implemented with the goal to reduce air and environment pollution. The enterprise will produce 90 thousand tons of improved fuel per year and fund its operational cost with its sales income. A ton of the condensed fuel is projected to be not higher than the price for a ton of raw coal.

M.Unurzul

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100 MW cumulative system for wind and solar energy to be created www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Energy Ts.Davaasuren got acquainted with the ‘Salkhit’ wind power plant’s operation. Head of the Department of Renewable Energy at the Ministry of Energy O.Bavuudorj and other officials assisted the Minister.

‘Salkhit’, the first Mongolian wind power plant with independent energy resource and capacity of 50 MW was built in 2004. It produces 140-150 million kW of energy annually, reducing the greenhouse gas emission by 180 tons and saving 1.6 million tons of clean water and 122 thousand tons of coal.

“Mongolia produces 11.8 percent of its energy or 120 MW of electricity from renewable energy sources. In the future, renewable energy sources will increase significantly. However, we need to develop the renewable energy sector with definite regulations in coherecne with other installed energy source capacities. For instance, the renewable energy production stops when there is no sun or wind. Thus, in order to overcome these kinds of difficulties, we are planning to create a 100 MW national cumulative system for produced wind and solar energy in the next two years” said Minister Ts.Davaasuren.

Minister also noted that the initial investment will be high, but further production will be cheap. As the solar technology is getting cheaper, countries have policy to increase renewable energy use. At the same time, it is important to develop a system that accumulates energy during daytime and distributes electricity to customers during nighttime.

B.Misheel

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