1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Ford to invest $1 billion in autonomous vehicle tech firm Argo AI www.reuters.com

Ford Motor Co plans to invest $1 billion over the next five years in tech startup Argo AI to help the Detroit automaker reach its goal of producing a self-driving vehicle for commercial ride sharing fleets by 2021, the companies announced on Friday.

The investment in Pittsburg-based Argo AI, founded by former executives on self-driving teams at Google and Uber, will make Ford the company's largest shareholder.

Ford Chief Executive Officer Mark Fields said the investment is in line with previous announcements on planned capital expenditures.

Argo AI, which focuses on artificial intelligence and robotics, will help build what Ford calls its "virtual driver system" at the heart of the fully autonomous car Ford said last year it would develop by 2021.

"With Argo AI’s agility and Ford's scale we're combining the benefits of a technology start up with the experience and discipline we have at Ford," Fields said at a press conference.

Once the technology is fully developed for Ford, it could be licensed to other companies, executives said.

While Ford will retain a majority of the start-up's equity, the potential for an equity stake as Argo AI hires 200 more employees will be an advantage in recruiting talent, executives said.

"They have the opportunity to run it pretty independently with a board, but because it is a separate company or subsidiary, it has the opportunity to go out and recruit with competitive compensation packages and equity," Fields said.

Until now, Ford's investments in future transportation technology have been relatively modest, compared with those of General Motors Co and others. One of Ford’s largest such investments in the past year was $75 million to buy a minority stake in Velodyne, a manufacturer of laser-based lidar sensing systems for self-driving cars.

Rival GM made a billion-dollar bet a year ago with its acquisition of Silicon Valley self-driving startup Cruise Automation. GM also invested $500 million to buy a 9-percent stake in San Francisco-based ride services firm Lyft, a competitor to Uber.

(Additional reporting by Nick Carey and Paul Lienert; Editing by Tom Brown and Grant McCool)

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Chinese state media says China can help Mongolia under one condition www.theubpost.mn

China has the capacity to lift Mongolia out of its current crisis and improve its economy under the condition that Mongolia intensifies its involvement in the One Belt One Road Initiative, says the Chinese state-run newspaper Global Times.

The Global Times is largely thought of as the informal voice of the Chinese government internationally. The newspaper is widely known to release controversial and critical articles that are believed to voice the positions of the Chinese Communist Party through an alternative channel.

The newspaper has been critical of Mongolia in the past, especially surrounding the recent Dalai Lama visit. This time, however, the newspaper proposed that enhancing economic cooperation with China could help Mongolia with its “financial impasse and reverse its slow growth.”

The article reminded readers about the 580 million USD bond debt due in March and mentioned about the charity fund established for citizens to donate money to help revive the economy. The bond in question was issued by the Development Bank of Mongolia in March 2012, with a tenor of five years and a coupon of 5.75 percent. The bond will mature on March 21.

The government is currently negotiating a bailout with the International Monetary Fund (IMF) and China amid a severe economic crisis in the country, which has dragged down GDP from double-digit growth a few years ago to close to zero.

The Global Times underlined, “Experts said China, Mongolia’s largest trading partner, can play a positive role in helping the crisis-stricken country.

“As of the end of September 2016, Mongolia’s overall debt stood at 23.78 billion USD, up 10 percent from a year earlier and exceeding 210 percent of its GDP, according to a statement posted on January 25 on the website of the economic and commercial counselor’s office of the Chinese Embassy in Mongolia. The statement cited data from Mongolia’s statistical authority and the central bank in the country.”

The article highlighted that a slump in commodity prices, coupled with natural disasters in 2016, caused Mongolia’s GDP growth in 2016 to drop to 1.6 percent.

Sun Huijun, an expert on relationships among China, Russia and Central Asian countries, told the Global Times on Sunday that as China’s neighbor is experiencing hardships, China can prove to be “a friend in need.”

“China can help Mongolia secure low-interest loans from multilateral institutions, or arrange loans after inter-governmental negotiations,” Sun said.

Li Xing, director of the Eurasian Studies Center with the Beijing Normal University, said that China has the capacity to lift Mongolia out of the current crisis and improve its economy, but there is a condition.

“Under China’s proposed One Belt and One Road initiative, there is an economic corridor starting from China, running through Mongolia and onward to Russia. This is a plan drawn up by the Chinese government, and much can be done under the framework,” Li said.

The One Belt and One Road initiative has been at the forefront of Chinese foreign policy as the project which was proposed by President Xi Jinping.

The initiative has many plans involving infrastructure and connectivity, and it can bring lots of money to Mongolia, Li told the Global Times on Sunday.

Sun said prosperous neighbors and partners also suit China’s ambitions to push its One Belt and One Road initiative, against the backdrop of likely uncertainties in world trade brought up by the Trump administration.

“Russia, Kazakhstan and Mongolia are especially important to the northern route of the Silk Road initiative,” noted Sun.

Li said that 580 million USD liquidity is within easy reach for China, “but China has its principles that are non-negotiable.” Li noted that the visit by the Dalai Lama to Mongolia last year hurt bilateral relations.

Analysts have noted that this might be the Chinese government’s way of expressing its openness to helping the Mongolian economy revive, more specifically helping pay off its bond obligations.

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Dried Milk production equipment to be installed in rural areas www.mongolia.gogo.mn

 
With an aim to provide healthy and safe food products to the public and to ensure the regular distribution of raw materials to manufacturers, the Government of Mongolia has launched the first “Meat and Milk” campaign throughout the country on January 1.
“MDM” LLC is supporting the campaign, which is continuing under “Healthy food-Healthy Mongolian” slogan. On February 9, the company organized workshop-discussion to introduce its product – small-sized dry milk production equipment to manufacturers, farmers, and partners, representatives of professional associations and experts of academic research organizations.
Prime Minister J.Erdenebat attended the opening of the event to get acquainted with the production equipment. The Japanese-made production equipment is capable of drying 240-600 liters of milk in a 8-hour work day depending on the milk supply from local entities.
“Although Mongolia has over 60 million of livestock animals, dried milk is imported from overseas. By installing the production equipment in rural areas, the number of customers of the product will increase. Further, the market price of dried milk will be stabilized and herders will have regular income. After fully supplying the domestic demand, dried milk products should be exported to abroad. We all should aim to manufacture what Mongolians are always capable to do” said PM J.Erdenebat.
By introducing the equipment into use between 2017 and 2025, it is estimated number of 6-8 thousand vacancies will be available.
Apart from supply for domestic demands, Mongolia is capable of producing 400 million liters milk per year. However, due to lack of proper infrastructure to process raw materials, outdated production equipment and low circulation assets, the dairy industries are only utilizing some 10 percent of their total capacity. Mongolia imports around 400 tons of dried milks from abroad every year, which turns into 35 thousand tons of liquid milk.
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Boeing's $14 billion Singapore Air order does not fill 777, 787 gap: CEO www.reuters.com

 
Boeing Co (BA.N) must sell more 777 and 787 jetliners to keep production plans on track, despite a $13.8 billion order that landed earlier on Thursday, its chief executive said.
The order from high-profile customer Singapore Airlines (SIAL.SI) is a strong endorsement of both planes, and could lift sales in a sluggish market if other carriers follow Singapore Air's lead, analysts said.
But the win over rival Airbus (AIR.PA) did not lessen two big risks Boeing faces, Chief Executive Officer Dennis Muilenburg said on Thursday at a conference in New York hosted by Cowen and Co.
Sales of Boeing's highly profitable 777s have slowed so much that Boeing is cutting production 40 percent this year to cope as it begins switching to the successor 777X model that Singapore Airlines ordered.
"When I take a look at risk areas, filling out the 777 bridge is the area that we're focused on," Muilenburg said, referring to the production spanning the two models.
Boeing also must sell more 787s so it can proceed with plans to lift output to 14 planes a month from 12 in the next few years, Muilenburg said.
That increase has looked iffy and some investors have worried Boeing would abandon it. Muilenburg said Boeing still plans to lift 787 output and currently does not envision a scenario that would require cutting 787 output below 12 a month.
Boeing shares were up 0.4 percent at $164.42 in afternoon trading.
The Singapore Airlines order is a boost for the 787 assembly line, but it does not help with slow 777 sales, since the order is for the newer 777X model.
Muilenburg said the airplane market is still "very healthy" with passenger traffic growing 5 percent to 6 percent a year, well ahead of GDP rates.
But airlines have deferred delivery of about 2 percent of Boeing's backlog, double the figure Muilenburg cited in July, though well below historical averages.
Boeing has already cut 777 output to 7 planes a month from 8.3, and will trim it to 5 a month in August. Deliveries - which generate the bulk of airline payments - will actually fall to about 3.5 a month as Boeing builds 777X test planes in the next few years, he said.
Even with those reductions, Boeing has to sell a few more 777s to fill out production this year and has 10 percent of production unsold in 2018 and 2019. Those figures include the planned sale of 80 planes to Iran, including 15 Boeing 777s, Muilenburg said.
Muilenburg voiced confidence that the Iran sale would go through despite the potential political and bureaucratic hurdles.
"These are airplanes that support American manufacturing jobs," he said. "The economic value to the U.S. is real."
He also saw prospects for more U.S. defense sales, noting "re-emerging strength" in the defense budget. And, he said Boeing's KC-46 aerial tanker for the U.S. Air Force, which has incurred about $2.4 billion in cost overruns, is expected to begin generating positive cash flow next year.
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Twitter shares dive as losses widen www.bbc.com

 
Shares in Twitter have ended the day more than 12% lower after the company reported that its fourth-quarter losses had nearly doubled.
The social networking service reported a loss of $167m (£133m) in the final three months of 2016, as against $90m in the same period a year earlier.
There were 319 million active users, 4% up on a year earlier, but revenue from ads fell slightly to $638m.
Donald Trump's use of Twitter did little to boost users or add income.
Fourth-quarter revenues were $717m, 1% up on last year's $710m.
Revenues and user numbers both fell short of analysts' expectations.
It was the company's slowest quarterly revenue growth since it became a publicly listed company in November 2013.
Some analysts had expected new US President Donald Trump's widely publicised use of Twitter would give the service a financial boost.
But during a conference call, chief operating officer Anthony Noto dismissed the idea that the "Trump effect" had been a key factor in user growth.
He said that while Mr Trump had shown "the power of Twitter" and broadened awareness of the service, it was hard for "an event or a single person" to make such a difference.
Analysis: Rory Cellan-Jones, technology correspondent
These were supposed to be the results that showed Twitter resurgent after a year of disappointment. The fact that it had been the prime social networking battleground during the US election and that every tweet from the new president garnered worldwide attention would have brought new users - and advertisers - flocking in.
That was the theory. In fact, the figures showed the slowest growth in quarterly revenue in the company's short history and a very modest increase in user numbers. The company has put on a brave face, focusing on the growth in daily rather than monthly active users.
It also says that revenue growth is lagging user growth - but investors have grown impatient for evidence that Twitter has found a sustainable business model.
Donald Trump's tweets - and the reactions they provoke - may have become essential viewing for journalists and the markets. Whether they make Twitter a great destination for advertisers is a different matter.
'Toughest challenge'
Despite the increased losses, Twitter chief executive Jack Dorsey said 2016 had been "a transformative year" for the service.
"We reset and focused on why people use Twitter: it's the fastest way to see what's happening and what everyone's talking about," he said.
"We overcame the toughest challenge for any consumer service at scale by reversing declining audience trends and re-accelerating usage."
He said daily active usage had risen for the third consecutive quarter and the upward trend was set to continue.
"While revenue growth continues to lag audience growth, we are applying the same focused approach that drove audience growth to our revenue product portfolio, focusing on our strengths and the real-time nature of our service.
"This will take time, but we're moving fast to show results."
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Official: Japan, Russia can agree on biz projects www3.nhk.or.jp

 
A senior official of Russia's Foreign Ministry has indicated that the country and Japan will agree on project plans for joint economic activities on Russian-controlled islands claimed by Japan.
Japanese Prime Minister Shinzo Abe and Russian President Vladimir Putin met in Japan last December. They agreed that the 2 countries will create a special system to implement joint economic activities on the islands in a way that will not violate Japanese or Russian laws.
Russia controls the islands. Japan claims them. The Japanese government maintains the islands are an inherent part of Japan's territory. It says the islands were illegally occupied after World War Two.
The 2 countries are scheduled to hold their first official meeting on the matter in Tokyo next month.
A Russian Foreign Ministry official in charge of diplomacy with Japan, Lyudmila Vorobyeva, held an interview with a Russian state-run news agency on Thursday.
Vorobyeva disclosed that her ministry is preparing business proposals to be presented to the Japanese side at the meeting. She said they cover such fields as aquaculture, seafood processing, geothermal power generation, and tourism.
Vorobyeva said the Russian side plans to agree on business plans that are likely to be realized in the near future.
During the interview, she also referred to the possible resumption of foreign and defense ministerial talks between the 2 countries. Vorobyeva said the meetings will likely occur in the first half of this year.
Such talks took place for the first time in Tokyo in 2013. But they have been suspended since Russia annexed the Ukrainian territory of Crimea in 2014.
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UK authority fines Mitsubishi UFJ units on US case www3.nhk.or.jp

 
Japan's Mitsubishi UFJ Financial Group says 2 of its subsidiaries have agreed to pay fines of more than 33 million dollars for failing to notify a British authority of an enforcement case in the US.
The financial group announced the settlement with the UK Prudential Regulation Authority, or PRA, on Thursday.
In 2014, the group's subsidiary bank agreed to pay New York State's financial regulator 315 million dollars in penalties.
The fines were for pressing the bank's consultant to water down a report on dealings it conducted with Iran and other US-sanctioned nations for the 6 years to 2007.
The PRA says the bank and another Mitsubishi UFJ unit did not inform the authority of the US enforcement action until after the public announcement by New York State's financial regulator. Both subsidiaries have British bases.
The PRA says it imposed a total of 26.77 million pounds, or about 33.6 million dollars, on the 2 units for failing to be open and cooperative with the authority.
Mitsubishi UFJ says it is committed to conducting business with the highest level of integrity and regulatory compliance and to continuing to improve its policies and procedures.
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Business trust index 2016 revealed www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Mongolian National Chamber of Commerce and Industry conducted its annual survey titled ‘Business trust index – 2016’ to find that about 40 percent of Mongolian businesses are unsure about intensifying their activities.
On February 9, Thursday, the National Chamber of Commerce and Industry presented the results of their survey at its building. The survey shows that expectations for improvement of business environment have been in decline since 2010, and the expectations increase in election years.
Since 2005, the survey has been conducted annually to determine the general outlook of Mongolian business environment, find the expectations of Mongolian business people, and identify the contributing factors.
The latest survey took place through interviews with business people from Ulaanbaatar and rural areas and online form, involving 862 individuals.
M.Sarandavaa, Deputy Director of the National Chamber of Commerce and Industry said, “About 40 percent of the participants of our survey are unsure about intensifying their business activities. 74.1 percent answered that they won’t expand their businesses next year”.
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‘Euro is not a currency, it’s a political weapon’ – Marine Le Pen www.rt.com

 
French presidential hopeful Marine Le Pen, who has been calling the country to leave the eurozone and give up the euro, has described the single currency as “a knife which the EU puts into the backs of the people.”
In an interview with the BBC, she talked about her vision for the future of Europe after this year’s elections in France, Germany and the Netherlands, and the UK’s Brexit vote.
According to Politico, Le Pen said the European Union should change radically and deeply, and abandon its authoritarian character, “or it will die.”
When asked if France leaving the eurozone would mean the end of the EU single currency, Le Pen said: “Maybe, and so what? The euro isn’t a currency, it’s a political weapon. The euro is a knife which the EU puts into the backs of the people to force them to go where they don’t want to go.”
She also said that if the EU doesn’t transfer powers back to Paris, there will be a French exit from the union or a so-called ‘Frexit.’
“Either the EU gives French people back their territorial sovereignty, borders, control over their economy, control over their currency and the superiority of their laws, or I will say to the French people that we should leave the EU.”
In a manifesto released last week, the leader of the National Front Le Pen said France should reconsider its relations with the European Union.
According to the 48-year-old candidate, the future French government should leave the eurozone, hold a Brexit-style referendum, levy taxes on foreign workers, lower the retirement age and increase some welfare benefits, while cutting income tax.
Earlier this month Le Pen pledged to introduce a new tax to prevent foreign employees being hired, claiming the money raised could be used for the French welfare system.
A new poll issued Thursday by research firm Harris Interactive shows Marine Le Pen will win the first round of France's presidential election in April, getting 24 percent of vote. Other polls indicated she will lose the runoff to Emmanuel Macron.
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Beijing threatens to shut down bitcoin exchanges www.rt.com

 
China’s central bank has warned domestic bitcoin exchanges they risk being closed if found violating the country’s currency regulations. The warning came as the regulator tries to curb capital outflows following fears of continued weakness in the yuan.
On its website, the People’s Bank of China (PBOC) said it has told the exchanges not to take part in financial activities such as margin lending or allow money laundering.
If such a violation is found “the circumstance will be serious,” and an inspection team will close down the offending exchange, PBOC said.
“People in the industry are watching if the regulators do more,” Wen Hao, founder of Bitpie, a Beijing-based bitcoin-related business, told the Wall Street Journal. “They’ve never said they would close a business. Based on that statement, they are getting stricter.”
Chinese regulators met with the country’s three largest bitcoin exchanges last month to remind them to “strictly” follow relevant regulations.
Demand for the virtual currency in China has been rising in recent months, fueled by yuan’s depreciation. A bitcoin was trading at about $1,065 on Thursday.
The cryptocurrency more than doubled in value in 2016, up 126 percent on the year. The Chinese yuan, on the contrary, suffered its worst year on record, weakening 6.5 percent.
China accounts for about 90 percent of all bitcoin trading on exchanges. The country has strict capital controls, which makes it difficult for the Chinese to convert the yuan into foreign currency and limits the amount of cash investors can move abroad. That pushes Chinese investors to use the digital currency as a way to circumvent capital controls and minimize risk from the falling value of the domestic currency.
Bitcoin's rally to become last year’s best-performing currency has caught the attention of Chinese regulators concerned the virtual asset was contributing to capital outflow.
Data released by PBOC this week showed China’s FX reserves fell below $3 trillion for the first time in six years in January. They declined by $12.3 billion to $2.9 trillion.
Beijing has spent more than a quarter of its reserves propping up the yuan over the past two years. The reserves fell by $320 billion in 2016, after a record drop of $513 billion the previous year.
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