1 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      2 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      3 THE SURPRISE FUEL FLOWS SPARKED BY A RAGING U.S.-CHINA TRADE WAR WWW.BLOOMBERG.COM PUBLISHED:2018/11/19      4 MONGOLIA’S COAL EXPORTS IN FIRST 10 MONTHS UP 10PC WWW.XINHUANET.COM PUBLISHED:2018/11/19      5 ABOUT 100 THOUSAND PASSENGERS PASSED THROUGH MONGOLIA-XINJIANG BORDER WWW.MONTSAME.MN PUBLISHED:2018/11/19      6 CHINA'S ‘ONE BELT, ONE ROAD’ GLOBAL INVESTMENT PLAN MAPPED OUT WWW.RT.COM PUBLISHED:2018/11/19      7 ASIA SUMMIT ENDS IN HISTORIC FAILURE WWW.CNN.COM PUBLISHED:2018/11/19      8 INAUGURATION OF SHERAB KYETSEL LING INSTITUTE WWW.DALAILAMA.COM PUBLISHED:2018/11/19      9 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      10 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19     ЗЭСИЙН ЗАХ ЗЭЭЛД ЦОЙЛУУЛАХ ХАРМАГТАЙ WWW.DNN.MN НИЙТЭЛСЭН:2018/11/19     ГАШУУНСУХАЙТ АВТО ЗАМ ХХК: БЯМБА ГАРАГТ ГАШУУНСУХАЙТ-ГАНЦМОД БООМТООР НҮҮРС ТЭЭВРИЙН 99 АВТОМАШИН НЭВТЭРСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     НЭГ АЖИЛТАНД НОГДОХ ДНБ III УЛИРЛЫН БАЙДЛААР 3.7 САЯ ТӨГРӨГ БОЛЖ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/19     ХЯТАДЫН ХЯЗГААРЛАЛТ $300-450 САЯЫГ ГАЦААНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/19     АЗЕРБАЙЖАН УЛС МАНАЙД ДАРС НИЙЛҮҮЛЭХЭЭР БОЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/19     ШУУДАН, ХАРИЛЦАА ХОЛБООНЫ САЛБАРЫН ОРЛОГО ОНЫ ЭХНИЙ 9 САРД 21.4 ХУВИАР ӨСӨВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/19     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    

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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Cashmere producers highlight export possibilities www.montsame.mn

Ulaanbaatar /MONTSAME/ A launch of National consultation ‘Opportunity to Increase Cashmere Export’ took place today organized by the Ministry of Food, Agriculture and Light Industry, Mongolian Wool and Cashmere Association in cooperation with the World Bank Export Development Project for Mongolia.

Mongolia makes up over 40 percent of cashmere resource at global market and the field is producing goods worth MNT 950 billion and earning MNT 740 billion from export today. As of 2017, Mongolia prepared 9400 tons of wool and cashmere and exported its 80 percent as washed and 10 percent as combed.

As a result of approval of the ‘Cashmere’ program, domestic industries are intending to buy some 40 percent of cashmere starting from this year and to produce final goods. A total of 298 factories are operating and 5200 people are employed in cashmere industry.

“It is crucial that herders learn to sort wool and cashmere. The Ministry is cooperating with the Agricultural Commodity Exchange to bring domestic trade to higher level through connecting factories and herdsmen”, said S.Regzedmaa, Senior Specialist of Policy Implementation Coordination Department of Light Industry of the Ministry.

Mongolia exports most of its cashmere to Great Britain, France, Italy, Japan and Korea and growth of final product's export is 50 percent now.

Attendees of the consultation stressed that circulating asset and credits are pressing issues for cashmere companies.

"Currently, we are studying what kind of insurance service is needed for improving export capacity In 2018, we made market researches on Chinese and Japanese markets. We should attach great attention to processing cashmere," said D.Nyamsuren, an analyst for WB Financial Support Team.

The national consultation will run until May 19.

B.Batchimeg

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Mongolbank purchases 988.8 kg gold in April www.montsame.mn

Ulaanbaatar /MONTSAME/ In connection to the Alt -2 program of the Bank of Mongolia (BoM), the bank’s gold purchase has increased. As of April 31, 2018, the BoM purchased 988.8 kgs of gold, reported on May 16.

The bank has purchased 3.2 tons or 3290.6 kg of gold in the first four months of 2018, which was increased by 257.6 kg compared to the same period of the previous year.

The BoM is purchasing gold at MNT 103,531.75 per gram, the same price as London Metal Exchange. The bank’s average gold purchase rate is MNT 102,000.96 per gramm.
E.Altanzul

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Samurai sword-armed men target police station www.bbc.com

Four men who attacked a police station with samurai swords in Indonesia have been shot dead, authorities say.

The group began the assault by ramming a car into the police headquarters in the town of Pekanbaru in Riau province.

A police officer was killed and one of the assailants arrested. The Islamic State (IS) group has claimed the attack via its news outlet.

It comes after a series of suicide attacks carried out by families that have shocked the country.

Police blame a local IS-inspired group, Jemaah Ansharut Daulah (JAD), for the attacks in the city of Surabaya.

Indonesia is the world's most populous Muslim-majority country.

Following the 2002 Bali bombings, it had been widely praised for its sustained anti-terrorism crackdown.

Parents who bring their children to die
Why is Indonesia a target for IS militants?
It managed a combination of arrests and killings, alongside a de-radicalisation program that focused on changing minds and providing alternative incomes for released terrorists.

But, the country now faces a new threat, in part from from IS fighters who have come home after combat in Syria.

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George Soros comes to the rescue of sinking Tesla www.rt.com

Billionaire investor George Soros has invested in electric car maker Tesla at a time when the company is facing stock sell-off amid severe production and legal problems.

Soros Fund Management invested $35 million in the convertible bonds of Tesla, which are due in March 2019, Reuters reports quoting the US Securities and Exchange Commission. This is not the first collusion between Soros and Tesla CEO Elon Musk. In 2016, Soros helped Musk raise $305 million on SolarCity Corp, a debt-laden solar panel firm backed by Musk and a part of Tesla now.

Tesla has faced many troubles in the last few weeks. Investors are concerned about the company’s ability to produce its cheaper Model 3 sedan. A crash which involved Tesla’s autopilot added concerns about the firm. On Wednesday, Tesla was trading at $283.87 per share, continuing to lose the temporary rebound it saw last week.

Earlier this week, Musk said the firm undergoing a “thorough reorganization.” In the last year alone, Tesla lost over $2 billion. The company was losing $6,500 every minute and needs another $2 billion to get through the current year, according Bloomberg estimates. The problems continued this year after the company lost almost $710 million in the first quarter of 2018.

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Mongolia to hold forum on renewable energy www.xinhuanet.com

ULAN BATOR, May 16 (Xinhua) -- Mongolia will hold the 9th National Renewable Energy Forum here on May 24, organizers said in a statement on Wednesday.

The annual forum is co-organized by Ministry of Energy, the Energy Regulation Commission of Mongolia, the Mongolian Renewable Industries Association and the Mongolian Wind Energy Association.

This year's forum is expected to cover topics such as establishing independent grid in remote area, current renewable energy situation on grid, opportunities of reducing air pollution using renewable energy in urban areas.

Currently, the number of attendees of this year's forum has reached 600.

Mongolia has enormous potential for the development of renewable energy.

The East Asian country with a population of just over three million enjoys more than 250 days of sunshine a year.

The country's renewable capacity nearly doubled last year, reaching 155 MW, according to data from the Ministry of Energy.

The landlocked country installed its first large solar power plant, with a capacity of 10 MW, in Darkhan-Uul province, in the north of the county, in January 2017. Its second wind farm, the 50 MW Tsetsii Wind Farm, also opened in October of that year.

Mongolia seeks to provide sufficient heat and electricity to its population, especially in rural areas, and renewable energy projects are seen as a possible solution.

According to Mongolia's Ministry of Energy, the country has a potential wind capacity of 1,100 GW.

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V.Lavrov: Mongolia to have many opportunities with Greater Eurasian Partnership montsame.m

Moscow /MONTSAME/ During his working visit to Moscow, Foreign Minister of Mongolia D.Tsogtbaatar met with his counterpart S.N.Lavrov on May 16. After the meeting the Foreign Ministers held a press conference.

At the press conference, the parties expressed their interest in expanding active cooperation in broad spheres including the Shanghai Cooperation Organization (SCO), United Nations (UN) and Organization for Security and Co-operation in Europe (OSCE).

“We exchanged views on some issues regional and international communities are facing. Moreover, we have agreed to continue our cooperation in major fields like SCO, UN and OSCE. By improving relationship with the Eurasian Economic Union (EAEU) Mongolia will be able to increase trade turnover, attract investment and expand regional and border cooperation. The second meeting of the working group to expand cooperation between the Government of Mongolia and EAEU was held in 2017 in Ulaanbaatar. I am confident that the work will continue intensively in the future” said Foreign Minister of the Russian Federation S.V.Lavrov, noting that there will be many opportunities for Mongolia with the Great Eurasian partnership. He also emphasized that Russia will support Mongolia in all aspects with this great start.

Foreign Minister of Mongolia D.Tsogtbaatar said “At the initiative of Mongolia, Mongolia-Russia cooperation has expanded to trilateral cooperation including the People’s Republic of China. Mongolia is paying close attention to the Mongolia-Russia-China Economic Corridor Program. A meeting of three leaders are planned in June, during the SCO summit in Qingdao, China. Mongolia has began studies and is creating a favorable legal environment to conclude free trade agreement with the EAEU.”

Minister S.V.Lavrov noted that the document on expansion of trilateral cooperation based on agreements between the leaders of Mongolia, Russia and China will be approved soon.

“The Mongolia-Russia-China Economic Corridor Program includes quite feasible projects in infrastructure, railway transportation and logistics service. Documents related to the program are ready and will be approved soon. We are making a great effort to satisfy Mongolia's interests, including making transit transportation between Russia, China and Europe. Mongolia’s transit transportation increased by 2.7 times last year, if I’m not mistaken. This growth demonstrates the potential for further transportation increase” said Minister S.V.Lavrov and noted that the meeting with the Foreign Minister of Mongolia was effective.

B.Misheel

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P.Gankhuu appointed Erdenes Mongol LLC CEO www.montsame.mn

Ulaanbaatar /MONTSAME/ The Board Meeting of ‘Erdenes Mongol’ LLC made a decision on May 16 to appoint former Energy Minister P.Gankhuu as CEO of ‘Erdenes Mongol’ LLC, dismissing Ts.Tumentsogt.

P.Gankhuu holds Master's degrees in economics from Sydney University and Senshu University of Japan. Previously, he worked as Minister of Energy in 2016-2017, Head of a Department of the Ministry and served as an acting chairman of Energy Authority.

B.Batchimeg

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Over 8600 hectare area to be allocated for free ownership of citizens this year www.montsame.mn

Ulaanbaatar/MONTSAME/ At its regular meeting on May 16, the Cabinet approved ‘The total size, locations and purposes of the land to be owned by citizens in 2018’ based on proposals of the Citizens’ Representatives Meetings of aimags and Ulaanbaatar city.

The Citizens’ Representatives Meetings of aimags and Ulaanbaatar city submitted a proposal on allocating 8605 hectare area free for ownership with purpose of family needs and 30 hectare area for business purpose. Eight percent of the land to be owned for business purpose will be allocated for cropping potato and vegetables whilst 92 percent will be allocated for other purposes except farming.

M.Unurzul

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Financial difficulties of Baganuur and Shivee-Ovoo companies to be resolved www.montsame.mn

Ulaanbaatar/MONTSAME/ At its regular meeting on May 16, the Cabinet made a decision to study a possibility to count loan of MNT110.7 billion, issued from the World Bank and Japanese Government to the Mongolian government, as investment to the coal mines Baganuur and Shivee-Ovoo.

It was decided to scrutinize estimations of the investment required to secure constant operations of Baganuur and Shivee Ovoo companies and expand their capacities with technical modernizations, and resolve the financial sources within next month.

The Cabinet obliged the Board of Directors of ‘Erdenes Mongol’ LLC and ‘Erdenes Tavan Tolgoi’ JSC to settle short-term payables of Baganuur and Shivee-Ovoo companies by June 1 with their internal resources, and corresponding minister to take stage by stage measures to increase the coal price to its actual cost.

Certain measures will be also taken to increase profitability of the companies, reduce production costs and improve its management.
M.Unurzul

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Mongolia’s fruit production covers only 1.5 percent of domestic demand www.ubinfo.mn

After having commissioned the Elbeg Urgats greenhouse farm in 2012, Munkh Nogoon Tal LL C is currently running a winter and summer greenhouse farming in Bayantsogt soum of Tuv aimag. The company is cultivating Holland strawberry in 4 thousand square meters of glasshouse and started experimenting cultivation of red and black raspberries this year.

In 2017, Munkh Nogoon Tal LL C yielded 5 thousand kilograms of strawberry and this year the company plans to increase its yield up to 8 thousand kilograms. The strawberry is planted in soil and hydroponically.

Moreover, Nogoon Sor LLC has been cultivating strawberry, watermelon and grape since 2009. In 2017, Nogoon Sor LL C harvested 20 tons of strawberry; however, due to technical problems, strawberry yield is expected to drop to 12 tons. Last year, the company harvested 24 tons of watermelon and is now expecting 35 tons of watermelon. Nogoon Sor LLC has been experimenting to plant peach since 2015 and plans to cultivate more fruits in the future.

Since 2005, Atriin Shim LL C has been cultivating four types of fruit in greenhouse. In 2017, the company harvested over 20 tons of fruit and expects 30 tons this year. The company has greenhouses in Sergelen soum of Tuv aimag and 40 percent of the greenhouses is dedicated to fruit and other 60 percent are for vegetables.

According to the Mongolian Federation of Greenhouse Farming, Mongolia imports 18-22 thousand tons of fruit annually. Each year, Mongolia produces over 2560 tons and 10 types of fruit, of which almost 92 percent of the entire production comes from sea buckthorn. However, this only covers 1.5 percent of domestic fruit demand.

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