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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Investment Protection Council holds its regular meeting www.montsame.mn

Ulaanbaatar/MONTSAME/ The Investment Protection Council of the Government of Mongolia organized its regular meeting on May 30.

The regular meeting was attended by representatives of member companies of the Board of the Project Management Institute Mongolia Chapter (PMIMC).

Present at the meeting were B.Bat-Erdene, deputy head of the Cabinet Secretariat and deputy chief of the Investment Protection Council (IPC), Kh.Bulgantuya, deputy Minister of Finance and member of the IPC and other officials.

At the meeting, B.Bat-Erdene introduced about the reform of government participation in private sector’s activities, measures to improve capacity of personnel and roles of project managers in solving pressing issues in economy.

“It is ready to function permanently the Public and the Private Sector’s Consultative Body, which operates under the IPC and is responsible to provide related information to the IPC before formulating any legal document on any investment-related laws and regulations. Also, it makes sure that no mutual interest is being violated and to advice on each legal issue for the Investment Protection Council.” He also added that it is willing to cooperate in implementing large projects and programs that can contribute to national development.

During the meeting, businessmen inquired about current taxation, mining and privatization and emphasized an importance of stable legal environment and attraction of foreign investment.

PMI Chapter, founded in 1969 and centered in Pennsylvania, has over 500 thousand members of 185 countries and conducts operations in mega projects and programs and portfolio management.

PMIMC, official branch of the Global PMI, is a non-profit organization, dedicated to advancing the practice, science, and profession of project management in a conscious and proactive manner. Its members include authorities of Mongolia’s TOP companies, such as of KHAN Bank, Erdenes Mongol LLC, IT Zone, Forbes, the Development Bank of Mongolia, Bloomberg Mongolia, Golomt Bank, Newcom Group, APU Company, Trade and Development Bank, Xac Bank, MCS Group as well as others.
M.Unurzul

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"Open to export" WTO & ICC International Business Award (ANNOUNCEMENT)

We are delighted to inform you about a UK-led world initiative in the area of international trade.

The 'Open to Export International Business Awards' are an initiative launched with the support of the World Trade Organisation(WTO), the International Chamber of Commerce (ICC), and the UK's very own Institute of Export & International Trade(IOE&IT).

Through the competition we're trying to drive the 'Global Britain' agenda, making the UK visible as a driving force in internationaltrade - in this case, particularly among SMEs.

The International Business Awards are a great opportunity for SMEs in the country you're based in - British or national - to win$5000 towards their export plans using the 'Export Action Plan' online tool on Open to Export - a site founded by DIT and now run by the IOE&IT.

https://opentoexport.com/international-business-awards/

Companies have until August 10th to enter, and 10 shortlisted finalists will then pitch their businesses to the international media, international government officials, and global business leaders at the WTO Public Forum in Geneva in October.

We would be delighted if you could share this opportunity with the businesses you work with.

Or, if you could point in this the direction to organisations in your country or region who would be interested in promoting the competition we would be greatly thankful.

Attached are an infographic and press release to help you to promote it to your followings - on social media and on your website. Recommended tweets in several languages are also below.

Best wishes from London,

William

William Barns-Graham | Digital Content Manager, Open to Export

T: +44 (0)7810520655 | E: william.barns-graham@opentoexport.com

https://www.youtube.com/watch?v=xfQ64b0bud8

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Market uncertainty is back www.cnn.com

BlackRock (BLK) executive Rick Rieder will address a full agenda of topics on CNNMoney's "Markets Now" on Wednesday.

Rieder is a managing director and the global chief investment officer of fixed income for BlackRock. He joins CNNMoney anchor Maggie Lake during an interesting week.

It's been a volatile period for oil. Prices surged to their highest level in over three years last week. Now prices are slumping. US crude oil futures have dropped by nearly 10% to trade around $66.50 per barrel, down from about $73 last week.

Prices fell after Saudi energy minister Khalid Al-Falih said he was in intensive discussions with Russia and other OPEC nations to pump more oil to ease global supply concerns.

Rieder has argued that if the OPEC and Russia production cuts remain in place, and if other conditions are upheld, crude oil could remain in the $70-range — and that high price might not be so bad for consumers.

On Monday, Rieder had called OPEC's and Russian oil production as a "pillar" or support for energy prices. But he tweeted last week that the pillar "appeared to show cracks."

On Tuesday, the White House said it plans to impose 25% tariffs on $50 billion worth of goods from China. The government added that it will place new limits on Chinese investments in US high-tech industries.

Some business leaders have warned that the tariffs could result in a trade war, which could raise prices on goods and end up hurting consumers.

Also on Tuesday, the market dropped around 400 points following a political crisis in Italy.

Despite all this uncertainty, Rieder still says there are opportunities in this market.

"Considering a lack of discernible trading momentum, heightened volatility and a diminished ability to hedge, one might feel an overt pessimism toward today's market opportunity set," he wrote in a blog post last month. "Not us; we perceive a half-full glass."

CNNMoney's "Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Lake and CNNMoney editor-at-large Richard Quest, the 15-minute long program features incisive commentary from experts. Recent guests include former Chrysler and Home Depot (HD) CEO Bob Nardelli and Bitcoin bull Mike Novogratz.

You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.

— CNN's Alanna Petroff, Donna Borak and Nathaniel Meyersohn contributed to this report

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Mongolia to establish agency for people with disabilities www.vom.mn

Mongolia's Ministry of Labor and Social Protection said that it would establish an agency within this year, which is in charge of the issues of people with disabilities. The government will change the structure and organization of its Restoration, Training, and Production Center, in order to make it as an agency that serves disabilities. The agency is committed to helping people with disabilities to participate in social life actively and access to social services, including health and education, the ministry said in a statement. According to the National Statistical Office, at the end of 2017, Mongolia has 103,630 people with disabilities while the total population of the country is just over three million. In addition, about 42 percent of households with disabled members are in poverty while only 28 percent of disabled persons aged 15 to 59 are employed.

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Mongolia and Germany to intensify intergovernmental agreement www.montsame.mn

Ulaanbaatar /MONTSAME/ Intergovernmental agreement between Mongolia and the Federal Republic of Germany on cooperation in mining, industry and technology sectors was signed in 2011. The parties held the VI meeting of a working group in charge of ensuring and monitoring implementation of the agreement on May 29 at the Ministry of Foreign Affairs.

Opening the meeting, Minister D.Sumiyabazar said “Mineral agreement signed during Chancellor of Germany Angela Merkel’s visit in 2011 is an important document that allows Mongolia and Germany to develop bilateral relations and cooperation in mineral and mining sectors, and facilitate trade and economic ties to new level. There is a necessity to strengthen cooperation between the two countries in the implementation of the document and comprehensive partnership. In addition to the mining and mineral sectors, there is a possibility to expand cooperation in the use of German technology in aviation, transport, rail infrastructure, construction and urban development sectors, and in introduction of international standards. I am confident that the parties will ensure implementation of the agreement and the issues will be discussed openly and resolved.”

Present at the meeting were officials led by Minister of Mining and Heavy Industry, head of the working group from Mongolian side D.Sumiyabazar and head of the working group from German side, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Oliver Wittke.

The parties discussed on intensifying operation of the German Mongolian Institute for Resources and Technology and upgrading it to the Asian center of German education. Moreover, the parties highlighted joint works being implemented on the Sainshand wind farm (50 MW) project and its investment, Yeroo river hydro power plant and Ulaanbaatar city air pollution reduction.

“Mongolia is a country with rich mineral resources. As for our country, its development is based on human capabilities rather than natural resources. Therefore, we are fully capable of supporting Mongolia in human resource training and conducting researches. Demand for minerals in Germany is high, so we could cooperate to meet this demand. In addition, it will be more effective to establish a union to ensure full cooperation between the enterprises” said State Secretary at the Federal Ministry for Economic Affairs and Energy Oliver Wittke.

The parties exchanged views on ways to finance joint projects, opportunities for increasing German investment in Mongolia, educational cooperation, investment opportunities and legal environment of Mongolia.


B.Misheel

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Russia and USA to provide financial support to Mongolia www.news.mn

During his visit in Moscow on 16-19 May, Mongolian Foreign Minister D.Tsogtbaatar met his counterpart Sergey Lavrov; among, other things, he discussed a RUB 100 billion loan from Russia. The Mongolian Foreign Ministry has explained that the money will be spent on projects for the expansion of Power Station III and IV, which both serve the capital, Ulaanbatar, as well as railway construction.

Following Moscow, Mongolia's top diplomat visited Washington DC, where he met with Secretary Mike Pompeo and the Millennium Challenge Corporation (MCC) of the United States of America. The MCC has agreed to grant a non-refundable aid package of USD 350 million to Mongolia under the Second Compact Agreement. This funding will be spent on a project to increase the water supply to Ulaanbaatar.

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Mongolia and France step up space cooperation www.news.mn

Mongolia and France signed a Memorandum of Understanding (MoU) on 18 May 2018 in order to carry out space cooperation at an institutional level between the Centre national d’études spatiales (CNES) and the Mongolian Communication and Information Technologies Authority (ACTI). The MoU was signed by Jean-Yves Le Gall, President of CNES, and by Mongolian Ambassador A.Battur.

In August 2015 for the 50th anniversary of diplomatic relations between France and Mongolia, Jean-Yves Le Gall visited Ulaanbaatar to meet the Mongolian authorities in charge of space matters following the government’s decision to establish a national space policy. As a result of these meetings, a Memorandum of Understanding was proposed between CNES and its Mongolian counterpart to pursue cooperation at institutional level.

Mongolia could benefit from France’s internationally renowned expertise in telecommunications and Earth-observation satellites, launch services and training for specialists from other nations to boost its economic development and hone the skills of its managers. In particular, CNES helps its partners to develop new applications leveraging space tools.

On the occasion of the signing of the memorandum, Jean-Yves Le Gall commented: “The benefits of fostering international space cooperation with both established and emerging players are today clearly recognized across our community, and it is to this end that CNES is partnering with ACTI to help Mongolia establish a national space programme. A technical seminar to be held in Toulouse with engineers from ACTI will enable us to define concrete areas in which we could work together, notably to develop new applications.”

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Economy posts 6.1 percent growth www.montsame.mn

Ulaanbaatar /MONTSAME/ According to the National Statistical Office preliminary performance report of the first quarter of 2018, MNT 3.2 trillion was in circulation in the economy, which means MNT 188 billion increase compared to same period of last year. Mongolian economic growth increased to 6.1 percent.

The World Bank’s forecast on economic growth of Mongolia in 2018 is 3.1 percent. However, the economy is expected to accelerate this year and exceed international forecasts, according to domestic analysts.

Prices of natural resources with significant influence to the economy including copper, gold and coal are relatively high. Increased coal transport passages at border crossing of Mongolia and China allowed 1000-1400 vehicles cross the border daily, intensifying coal exports in the second quarter. On the other hand, increase in foreign investment and expectations of moving megaprojects’ forward are showing positive impact on the economy.

Mongolia’s economy is dependent on mining product prices. The experts emphasize that the high prices for coal and copper on global market in 2018 have a major impact on economic growth of Mongolia, particularly on mining sector. Mining accounts for 78.8 percent of exports.

Economists agree that if the coal and copper prices stay high on the global market, it will affect positively the country’s economy. One of the reasons of relatively positive economy is China’s large purchase of coal, analysts explain.

B.Misheel

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Prime Minister to sign MCC Compact in June www.montsame.mn

Ulaanbaatar /MONTSAME/ Foreign Affairs Minister D.Tsogtbaatar gave briefing on outcomes of his visit to the US on May 28.

During his visit on May 18-22, Minister D.Tsogtbaatar discussed the Presidental and Prime Minister’s official visits to the US. The parties planned the Prime Minister U.Khurelsukh’s visit in late June and PM is scheduled to sign on the Second Compact with the Millenum Challenge Corporation during the visit as the compact negotiation has been concluded.

Additionally during the Foreign Affairs Minister's visit, the parties held discussions on developing the bilateral relations and reaching it to the Extensive and Comprehensive Partnership level.

The parties also discussed further expansion of trade and economic relations, exports of wool, cashmere and cotton goods, enhancing introduction of new US technologies to the agricultural sector of Mongolia and giving support for the energy security. Moreover, importance of cooperation in education was emphasized, requesting US to provide support in having native English speaking teachers in all high schools in Mongolia. The US side responded that they will consider the issue.
B.Misheel

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S.Oyun appointed as GCF Director of External Affairs www.greenclimate.fund

Ulaanbaatar /MONTSAME/ Dr Oyun Sanjaasuren has been appointed by the Green Climate Fund as its Director of External Affairs, effective from July 9, 2018.

Dr Oyun served as the first President of the United Nations Environment Assembly and is currently Chair of the Global Water Partnership. She also served both as Minister of Foreign Affairs and Minister of Environment and Green Development in Mongolia.

In her new role, Dr Oyun will lead GCF’s external relations, supporting Executive Director Howard Bamsey as GCF prepares to enter its first replenishment period.

In 2014, Dr Oyun was elected to be the first President of the United Nations Environment Assembly, the governing body of UN Environment. During her tenure, she has promoted environmental cooperation at a variety of international events on issues relating to sustainable development, climate change and water security. Since 2016 she has also served as Chair of the Global Water Partnership, a network designed to improve water management by working with over 3,000 institutional partners in more than 180 countries.

Before leaving Mongolian politics in 2016, Dr Oyun served five consecutive terms in the country’s parliament, including as Minister of Environment and Green Development (2012-2014) and Minister of Foreign Affairs (2007-2008). Under her leadership, the Ministry of Environment and Green Development became one of Mongolia’s four core ministries while the parliament approved the country’s green development strategy in 2014.

A geochemist by training, with a Ph.D in Earth Sciences from the University of Cambridge, Dr Oyun’s active public life extends beyond environmental protection to include advancing civil and social rights. Oyun is a member of advisory boards of a number of global initiatives including the Green Growth Knowledge Platform, Future Earth and International Environment Technology Centre of UNEP. She is also the founding member and the Chair of the Special Olympics Mongolia and heads the Zorig Foundation, a Mongolian NGO that advances democracy and supports youth and education.

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