1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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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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Canada to fully phase out coal power by 2030 www.mining.com

Canada’s Liberal government has taken a page from the Obama Administration’s books as it plans to completely phase out traditional coal power by 2030, Environment Minister Catherine McKenna announced Monday.
 
Ottawa also said it would work with the country’s four provinces that still burn coal for electricity — Alberta, Saskatchewan, Nova Scotia and New Brunswick — to reduce coal power-related greenhouse gas emissions coming from them, which are equivalent to 10% of Canada’s current totals.
 
The goal is to make sure 90% of the country's electricity comes from sustainable sources by that time — up from the current 80%, McKenna said.
 
The new regulation will accelerate the existing timetable – laid down by Canada’s Conservative government in 2012 – for the four provinces that still burn coal to either adopt technology to capture carbon emissions or shut down all coal plants and replace them with lower-emitting sources, such as Alberta is doing.
 
The move is expected to reduce greenhouse gas emissions by more than 5 megatonnes by 2030, which is the equivalent of taking 1.3 million cars off the road. This is in addition to the 10 megatonnes that Alberta's early phase-out of coal represents.
 
The plan includes a deal with Nova Scotia to give that province the flexibility it needs to shift directly from fossil fuels to cleaner sources of electricity, rather than switching to natural gas in the interim. McKenna noted her ministry is working on a similar agreement with Saskatchewan.
 
The minister also said the move is consistent with other countries' policies, such as France, the UK, Netherlands, Denmark and Austria, which have all accelerated their coal phase-out plans.
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MBD cooperates with Innocon Valley www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) and Finland based InnoCon Valley agreed to cooperate on Mongolian SME and Start-Up business development and their evolution.

According to the cooperation agreement, the parties will implement to business programmes in Helsinki Finland and Scandinavian countries, Germany, Israel and Ulaanbaatar Mongolia.

InnoCon Valley is the company which specialised market research, analyses, risk management, business model and market penetration. It has a branches in Israel, Germany and France.

MBD will also host a Mongolian Business missions to Sydney Australia with Mongolian Honorary-General Counsel in Sydney, Washington DC with North America and Mongolian Business Council, Prague Czech Republic with Czech Embassy in Mongolia and London UK with British Mongolia Chamber of Commerce in 2017.
The detailed information will be circulated in the near future.

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Citi and JPMorgan top list of globally systemic banks www.reuters.com

Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
 
The group of 20 economies (G20) agreed after the 2007-09 financial crisis that top banks, whose size and complexity mean a collapse could wreak havoc in markets, should hold extra capital, according to the level of risk they present.
 
Members of the list of 30 lenders will also have to begin holding bonds from 2019 that can be written down to help replenish capital that is burnt through in a crisis.
 
In the annual update of rankings published on Monday by the G20's Financial Stability Board (FSB), Citi has replaced HSBC in the top "bucket" facing a 2.5 percent capital surcharge on top of global minimum requirements.
 
The measure announced by the FSB does not have an impact on any of Citi's binding regulatory metrics, the bank said in an e-mailed statement.
 
No lender joined or dropped out of the top 30 list this year.
 
Lenders on the list typically already meet or exceed the amount of capital they must hold due to pressure from regulators and markets to dispel any doubts about their resilience.
 
HSBC joins BNP Paribas and Deutsche Bank in the next category down, with a surcharge of 2 percent. Bank of America rose a category to join them.
 
Barclays dropped a category to the 1.5 percent surcharge group. Industrial and Commercial Bank of China and Wells Fargo rose a category to join the UK bank.
 
Morgan Stanley fell a category to the 1 percent surcharge group.
 
The FSB is also due to agree a higher leverage ratio for the 30 lenders.
 
The ratio, a broad measure of capital to non-risk-weighted assets, has been set at a minimum of 3 percent for all other banks across the world.
 
The FSB has yet to decide if the 30 should be subject to the same leverage ratio "surcharge" or whether it too should adopt a "bucket" approach.
 
The watchdog also updated its list of nine globally systemically important insurers, which was unchanged from last year.
 
Insurers still on the list in 2017 will be required to comply with tougher "loss absorbency" requirements from January 2019.
 
The list comprises Aegon, Allianz, AIG, Aviva, Axa, MetLife, Ping An, Prudential Financial, and Prudential.
 
The FSB's latest list makes no mention of reinsurers, a category still being considered for inclusion.
 
Global insurance regulators have said they may take into account the activities of insurers when they decide if they are globally systemic, rather than just focusing on size and global reach.
 
MetLife, the biggest U.S. life insurer, was also designated as systemically important by the Financial Stability Oversight Council, made up of the heads of U.S. financial regulators.
 
The insurer successfully challenged the U.S. designation in court, but the U.S. government has appealed with the outcome generally expected sometime in the next few months.
 
"MetLife is no longer designated as a systemically important financial institution in the United States, and believe we should not be designated as a global systemically important insurer, either," MetLife said on Monday.
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NBCUniversal doubles stake in BuzzFeed with $200 million investment www.reuters.com

Online media company BuzzFeed, best known for its list-based articles and quizzes, said Comcast Corp's (CMCSA.O) NBCUniversal had invested an additional $200 million in the company.
 
NBCU parent Comcast has pumped heavily into digital-native companies such as BuzzFeed and Vox Media, partly in an effort to better service existing advertisers. The new investment, which gives BuzzFeed a valuation of around $1.7 billion, ups NBCU’s stake to $400 million, following an initial $200 million investment last summer. NBCU also invested $200 million into Vox Media.
 
NBCU will take a larger role in selling ads for BuzzFeed with the ability to incorporate BuzzFeed’s inventory into its deals with advertisers; BuzzFeed will also have the same option to sell space on NBCU’s inventory to its advertisers.
 
Additionally, BuzzFeed’s Swarm and NBCU’s Symphony ad products will be offered as one package to advertisers. Both Swarm and Symphony allow advertisers to run campaigns simultaneously across all of their respective properties.
 
In the past year, NBCU and BuzzFeed have collaborated on several projects, most notably with the Rio Olympics, where BuzzFeed produced the content for NBC Olympics’ dedicated Snapchat Discover channel. In February, the two teamed with American Express to replace 30 minutes of national ad spots during primetime on Feb. 29 with sponsored content that was tied to NBC programming. BuzzFeed created content that was distributed on social media as part of that deal.
 
BuzzFeed will also take a bigger role in NBCU’s content studio, which produces advertiser-friendly content that is tailored to specific social media platforms, including creating and distributing the content on social media.
 
BuzzFeed will put more money into its food-themed business, Tasty, and beef up its digital video operations, which is becoming more of an emphasis for the digital media company.
 
In August, BuzzFeed split itself into news and entertainment divisions amid media companies' struggle for balance between covering news and politics, and lighter fare like social media, entertainment and lifestyle.
 
LionTree Advisors was BuzzFeed's financial adviser and Fenwick & West LLP its legal adviser. Davis Polk & Wardwell LLP was NBCUniversal's legal adviser.
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Trump repeats intention to pull out of TPP www3.nhk.or.jp

US President-elect Donald Trump says he will announce his intention to pull out of the Trans-Pacific Partnership free trade agreement on his first day of taking office.

He posted a video message about his top policy priorities for the first 100 days of his presidency on the website of his transition team on Monday.

He said that his agenda is based on a principle of putting America first and stressed creating more jobs at home.

Trump referred to trade as one of his top policy priorities when he is sworn in on January 20. He said the TPP is a potential disaster for the US.

Trump said that instead his team will negotiate fair bilateral deals that bring jobs and industry back to the US.

During his election campaign, Trump repeated his intention to withdraw from the trade pact.

The leaders of the 12 TPP member countries confirmed at a meeting in Peru on Saturday that they will push ahead domestic procedures necessary for the trade pact to take effect.

US President Barack Obama also said he will continue efforts to seek understanding in the US of the importance of the agreement.

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1-m tsunami on coast of Fukushima Daiichi plant www3.nhk.or.jp

The operator of the Fukushima Daiichi nuclear power plant says tsunami waves reached the coastline next to the plant on Tuesday morning, but have caused no problem so far.

A magnitude 7.4 earthquake struck off the coast of Fukushima Prefecture, triggering tsunami.

Tokyo Electric Power Company told the prefectural government that a tsunami as high as 1 meter was observed at 6:34AM.

The utility said there has been no change in radiation levels at the site. It says workers are patrolling the reactor buildings and the embankment area to monitor the situation.

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Mongolia makes up 11 percent of China’s coal import www.mongolia.gogo.mn

Mongolia makes up 11 percent of China’s coal import. Coal price has doubled compared to the same period of the previous year to reach USD 103.7 per ton.
As of September this year, Mongolia made up 11 percent of the total coal import of China, Mongolia’s main coal consumer.
Mongolia’s coal export reached its peak in 2011, having constituted 47 percent of the country’s annual export.
The economy grew by record 17.3 percent that year. In 2011, Mongolia supplied 26 percent of China’s coal import.
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Mongolia selected as Vice Chair of UNESCO’s IPDC www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Intergovernmental Council of the International Programme on Development of Communication (IPDC) by the UNESCO selected Mongolia to be its Vice Chair for 2013-2017. The council consist of representatives from 39 countries.
 
Mongolia is being represented by Mongolia’s committee chairman Kh.Naranjargal.
 
The IPDC aims at promoting the development of mass media in developing countries, and have carried out some 1,500 projects totaling USD 100 million in more than 140 countries.
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Trump: US to quit TPP trade deal on first day in office www.bbc.com

President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House.
He made the announcement in a video message outlining what he intends to do first when he takes office in January.
The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy.
The Republican also pledged to reduce "job-killing restrictions" on coal production and stop visa abuses.
But there was no mention of repealing Obamacare or building a wall on the southern border with Mexico, two actions he said during the campaign he would do as soon as he assumed power.
His surprise election win two weeks ago has sparked protests across the US.
The TPP was agreed in 2015 by countries including Japan, Malaysia, Australia, New Zealand, Canada and Mexico, but is not yet ratified.
Its aim was to deepen economic ties and boost growth but its opponents say it was negotiated in secret and it favours big corporations.
Asia-Pacific leaders meeting in Peru over the weekend said they will continue to pursue free trade deals despite Mr Trump's opposition.
But on Monday, Japanese Prime Minister Shinzo Abe said the TPP trade deal would be meaningless without the involvement of the US.
In the video message, Mr Trump said his governing agenda would be based on "putting America first".
The six executive actions he would take on day one are:
issuing notice of withdrawing from TPP
cancelling restrictions on US energy production
cutting regulations on businesses
ordering a plan to combat cyber-attacks
investigating visa abuses that undercut American workers
imposing a five-year ban on people leaving government to become lobbyists
The president-elect has spent the last week starting to put together his new team.
The people around Donald Trump
He said in the video that "truly great and talented men and women, patriots are being brought in and many will soon be a part of our government".
Some key appointments have been made, but not without controversy.
Alabama Senator Jeff Sessions, who was turned down as a federal judge in 1986 due to racism complaints, will head the Justice Department.
And the news that Steve Bannon, former editor-in-chief of the conservative Breitbart website, was the new White House strategist was welcomed by former Ku Klux Klan leader David Duke.
One of Trump's immigration advisers, Kris Kobach, was unwittingly photographed meeting him while holding a document on view that contained some hardline proposals.
Among them was the re-introduction of registration for people arriving from mostly Muslim countries, which was brought in after the September 11 attacks but later dropped.
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Wall Street at new record as oil prices jump 4% www.bbc.com

(Close): Stocks on Wall Street closed at a record high as oil traded sharply higher. The Dow reached 18,956.
The price of oil jumped more than 4% on hopes that the Opec group of oil producing nations will agree to cut output when it meets next week.
Brent crude rose $2.25 to $49.11 a barrel while US light crude climbed $2.05 to $48.41 a barrel.
Oil companies were buoyed by that news, with Marathon Oil closing 5.1% higher and Exxon Mobil adding 1.3%.
All three major stock indices set new records.
The Dow Jones Industrial Average rose 88.76 points to 18,956.69, while the wider S&P 500 index closed 16.28 points higher at 2,198.18.
The tech-focused Nasdaq index jumped 47.35 points, to end the day at 5,368.86.
Shares in Facebook rose 4.1% after the social media giant announced on Friday that it was planning to buy back up to $6bn of its shares early next year.
Security software maker Symantec agreed to buy LifeLock, a company that offers protection against identity theft and fraud for $2.3bn. LifeLock's shares rose 14.7%.
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