1 MONGOLIA DRAGGED ITS WILD HORSES BACK FROM EXTINCTION – CAN IT SAVE THE REST OF ITS WILDLIFE? WWW.THEGUARDIAN.COM PUBLISHED:2024/01/13      2 FOUR KILLED BY HEAVY SNOW IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2024/01/13      3 CHINA-MADE BUSES TO HIT THE ROAD IN MONGOLIA'S CAPITAL WWW.XINHUANET.COM PUBLISHED:2024/01/13      4 MONGOLIA'S GDP EXPECTED TO GROW BY 6.2% IN 2024 - WORLD BANK WWW.AKIPRESS.COM PUBLISHED:2024/01/13      5 CHINA'S IMPORTS OF MONGOLIAN COAL SET TO RISE AS TRANSPORT IMPROVES WWW.REUTERS.COM PUBLISHED:2024/01/13      6 RUSSIA BOOSTS FUEL EXPORTS TO CENTRAL ASIA, AFGHANISTAN AND MONGOLIA IN 2023 WWW.REUTERS.COM PUBLISHED:2024/01/13      7 MONGOLIA'S INFLATION DOWN TO 7.9 PCT WWW.XINHUANET.COM PUBLISHED:2024/01/11      8 PRESIDENT OF MONGOLIA INVITED HEADS OF STATE OF TWO NEIGHBORING COUNTRIES WWW.GOGO.MN PUBLISHED:2024/01/11      9 63.2 PERCENT OF MILK AND DAIRY PRODUCTS DOMESTICALLY SOURCED WWW.MONTSAME.MN PUBLISHED:2024/01/11      10 ELECTRIC VEHICLE CHARGING STATIONS TO BE BUILT AT 25 LOCATIONS IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/01/11      ИНФЛЯЦЫН ТҮВШИН 7.9 ХУВЬТАЙ ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/01/14     АЮУЛТ ҮЗЭГДЭЛ, ОСЛЫН ТОХИОЛДОЛ ӨМНӨХ ОНООС 4.3 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2024/01/14     ОЛОН УЛСЫН ЗАХ ЗЭЭЛЭЭС 225 САЯ АМ.ДОЛЛАРЫН БОНДЫГ АМЖИЛТТАЙ АРИЛЖААЛЛАА WWW.IKON.MN  НИЙТЭЛСЭН:2024/01/14     "МОНГОЛЫН ХӨРӨНГИЙН БИРЖ" ХК НЭГ ЖИЛИЙН ХУГАЦААНД 15.1 САЯ ТОНН НҮҮРСИЙГ ₮7.4 ИХ НАЯДААР АРИЛЖЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦЫГ ТОГТВОРЖУУЛАХАД ЧИГЛЭСЭН МӨНГӨНИЙ БОДЛОГО ХЭРЭГЖҮҮЛНЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/14     ИРЭЭДҮЙН БЭЛЭН БАЙДЛЫН ИНДЕКСЭЭР МОНГОЛ УЛС 124 УЛСААС 75 ДУГААРТ ЭРЭМБЭЛЭГДЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/14     XII САРД ШИНЭ ОРОН СУУЦНЫ ҮНИЙН ӨСӨЛТИЙН ХУРД ҮЛ ЯЛИГ СААРЧ, 9.9 ХУВЬ БОЛОВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2024/01/14     БҮХ ТӨРЛИЙН ТЭЭВРЭЭР 105 САЯ ТОНН АЧАА ТЭЭВЭРЛЭЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/01/14     ИНФЛЯЦ 3 САР ДАРААЛАН НЭГ ОРОНТОЙ ТООНД ХАДГАЛАГДАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/01/11     ӨНГӨРСӨН ОНД НҮҮРСНИЙ ЭКСПОРТЫН 92 ХУВИЙГ АВТО ЗАМЫН ХИЛИЙН БООМТООР ГАРГАЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2024/01/11    

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”ТОКИОГИЙН ЗАГВАРЫН ЕРТӨНЦ” ҮЗЭСГЭЛЭН ЯАРМАГ RX Japan Tokyo

NEWS

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Tsetsii wind farm to power Mongolia www.news.mn

The development of a 25-turbine wind farm project in southern Mongolia will go ahead, with the support of a Danish company. The Tsetsii wind farm project, located in Mongolia’s Gobi Desert, will consist of 25 turbines to provide 50 megawatts of power to the country. Located approximately 540 km. south of Ulaanbaatar, the farm will aim to boost Mongolia’s renewable energy to 30 per cent by 2030.

Power from the Tsetsii wind farm is expected to go online by the end of 2017.

At present, Mongolia’s power-generation capacity from renewables sits at 7 per cent, mostly hydropower. The government has recently adopted sustainability measures including a new Green Development Policy and the Law on Energy Conservation and Efficiency.

A finance agreement struck between the shareholders of Clean Energy Asia LLC (CEA), the European Bank for Reconstruction and Development (EBRD) and the Japan International Cooperation Agency (JICA) will allow the wind farm development in the Gobi Desert to proceed.

The large-scale infrastructure project will be led by CEA.

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Silk Road Conference asserts Mongolia’s role in nomadic tourism development www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The International Silk Road Conference of Nomadic Tourism and Sustainable Cities, co-organized by the World Tourism Organization, the Ministry of Environment and Tourism of Mongolia and the World Cities Scientific Development Alliance opened on October 13 at the Tuushin Hotel of Ulaanbaatar. Opening addresses were given by the Speaker of Mongolian Parliament, Mr M.Enkhbold, the Minister of Environment and Tourism, Ms D.Oyunkhorol and the Executive President of WCSDA, Mr Dong Yangzhang.
 
Tourism is one of the most thriving industries of economy in this era of globalization, highlighted Mr Enkhbold. The sector creates millions of jobs, incepts intangible exports and waste-free productions, encourages investments, helps eradicating poverty and ensures stable economic growth, he went on.
 
This is a wonderful, the most peacemaking and sharing of all economic sectors, he underlined. Nowadays, tourists tend to be attracted to getaways from their civilized lifestyles for extraordinary cultures and pristine landscapes. This is an opportunity for some nations to exploit, said the Speaker.
 
The Speaker shared with the gathered that the government has set a goal to become a center of nomadic tourism, set out in the Concept of Sustainable Development until 2030.
 
According to the latest statistics, Mongolia hosts about 400 thousand tourist each year, which results in revenue of USD 263 million or 3.2 percent of the country’s GDP and 3.6 percent of total export.
 
Tourism in Mongolia created 50 thousand workplaces at home and ranks 99th place in the world and 19th in Asia-Pacific by competitiveness, the Speaker mentioned in his speech.
 
Minister D.Oyunkhorol said Mongolia is the home to nomadic tourism. It is impossible to argue with the fact that Mongolia has played a historic role in developing one of the world’s most ancient and important trade route called the Silk Road, which bridged peoples, ethnicities and scientific inventions. I am delighted at hosting this conference at home, said the Minister.
 
The government has been aiming to increase the number of tourists per year to one million by 2020, and the share of tourism revenue in the GDP to eight percent, she said.
 
The WCSDA Executive President Dong Yangzhang stressed Mongolia is a country of ancient history and culture, rich in biological and natural resources. Today’s tourism trend is to go back to the wild, and to experience the nomadic livestock herding culture in person. The Silk Road Conference is of historical significance in making Mongolia the hub of nomadic tourism development, he said.
 
The International Silk Road Conference has attracted over 350 delegates from 33 countries and international tourism organizations.
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China tops US in numbers of billionaires www.bbc.com

China's annual rich list has indicated that, once again, the country has more dollar billionaires than the US, and the gap is widening.
Property magnate Wang Jianlin of Dalian Wanda tops the list of 594 billionaires in the country, ahead of 535 billionaires in the US.
Alibaba's Jack Ma was second, with his wealth having risen 41% from last year.
The annual list is compiled by Shanghai publishers Hurun and often compared to the Forbes list in the US.
The Hurun Report's rich list is one of the most closely-watched and accurate assessments of wealth in China. The annual report has been published for the past 18 years.
Earlier this year, the publisher released a separate, global list, showing that the number of billionaires in China outnumbered those in the US for the first time.
However, none of China's super-rich make it into the global top 20.
Global reach
At the top of the China rich list is Wang Jianlin, who sits on a personal fortune of $32.1bn (£26.4bn).
His company Dalian Wanda has made headlines throughout the year with a number of high profile forays into the US movie markets. It has taken over Legendary Pictures, as well as stepping into US and UK cinema chains and striking an alliance with Sony Pictures.
Alibaba's Jack Ma is a close second with $30.6bn, and Pony Ma of internet and online gaming giant Tencent comes third with $24.6bn.
The biggest increase came from Yao Zhengua of investment and real estate firm Baoneng Group, whose wealth jumped by 820% to $17.2bn, putting him in fourth position.
Hurun chairman Rupert Hoogewerf said Mr Yao's rise illustrated a shift in China's maturing economy.
"Yao's financial investment model represents the new wave of wealth creation in China," he explained. "The first money made in China 20 years ago came from trading, followed by manufacturing, real estate, IT, and today it is about using the capital markets for financial investments."
Robin Li and Melissa Ma of search engine Baidu have a fortune of $14.7bn, ranked eighth while founder of smartphone makers Xiaomi, Lei Jun, dropped out of the top 10 to number 14 as competition in China's smartphone market intensified.
Most of China's billionaires live in Beijing, followed by Shenzhen, Shanghai and Hangzhou.
Globally, the Forbes rich list is topped by Microsoft founder Bill Gates with $75bn, followed by Amancio Ortega of Zara and legendary investor Warren Buffett.
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Sony puts VR headset for PlayStation 4 on sale www3.nhk.or.jp

Sony has put a virtual reality headset on sale worldwide for its PlayStation 4 game consoles. It is expected to heat up the global race in 3D technology for computer games.
 
The PlayStation VR was released in 42 countries and territories, including Japan, the United States and China, on Thursday. The headset is designed to plug into the game consoles.
 
The maker also put on sale 26 virtual reality games. Some allow users to take under-sea walks, or talk with game characters.
 
In Tokyo, customers flocked to a Sony store to attend a launch event. Many had reserved the device, which is priced at about 430 dollars at the current exchange rate.
One customer in his 30s said the device will bring him a completely new experience and he cannot wait to go home and play.
 
Sony Interactive Entertainment executive Atsushi Morita said VR technology has unlimited potential, such as allowing people who are too busy to make trips to enjoy virtual travel. He said now is the time to expand the market through competition among many makers.
 
Sony hopes to use its global sales network for home video-game consoles to expand its share of the VR game market. US and Taiwanese makers are currently in the lead.
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China approves around $20 billion in urban rail projects www.reuters.com

China's state planner has approved urban rail plans costing 133.9 billion yuan ($20.08 billion) in the cities of Urumqi and Xiamen, according to statements published on the National Development and Reform Commission website.
 
The projects were a 33.8 billion yuan plan for 41.8 kilometers (26 miles) of subway lines in the northwestern city of Urumqi, as well as a 100.1 billion yuan scheme for 224 kilometres of lines in the coastal city of Xiamen.
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Vietnam, India and the Philippines are Asia's new VIP stock markets www.asia.nikkei.com

HO CHI MINH CITY -- Toshifumi Sugimoto, senior executive officer of Capital Asset Management, started the morning of Sept. 23 in Ho Chi Minh City with a hasty call to a trader in Japan. He put in a buy order for as many shares of major Vietnamese IT company FPT as possible, having just learned that its foreign-owned stake was up for sale.

Forty years after reunification, Vietnam has made an international name for itself as a manufacturing powerhouse. But the ownership ratios for many Vietnamese companies are still capped at 49%, so when those stakes go up for sale, competition to snap them up is fierce. In the case of FPT, Sugimoto said, an instant decision was crucial. He was proved right: All 2 million shares being offered were sold before noon.

Triple strength

Surging interest from investors is a common feature of Asia's VIP markets -- Vietnam, India and the Philippines -- which are drawing greater attention as global growth continues to disappoint.

Much of the excitement about India comes from the sheer size of its market. The country has a population of 1.3 billion, and demand-oriented businesses, such as medicine and smartphones, are thriving. Narayana Hrudayalaya, which made an initial public offering in January, offers affordable medical services. Using prefabricated hospitals and other cost-cutting measures, the company can provide heart operations at prices that are around half the average in India. The company's share price has risen 30% since its IPO.

The Philippines, meanwhile, is taking advantage of having English as one of its official languages to nurture the business process outsourcing industry. With the growth of the middle class, "domestic demand-based industries such as infrastructure development and retail are rapidly growing," said Micaela Abaquita, an analyst at securities company CLSA Philippines.

One of the beneficiaries is real estate developer SM Prime Holdings. Its Mall of Asia shopping complex, located some 6km from central Manila, covers 420,000 sq. meters, making it one of the largest malls in Asia. SM Prime's revenue in 2015 stood at 71.5 billion pesos ($1.48 billion), up 8% on the year. Investors are buying into the developer's growth potential, pushing up its share prices by 30% since the start of the year.

The benchmark stock index in Manila hit its all-time high in July, while the key indexes in the other two VIP countries matched their year-to-date highs in September. This robust performance stands in sharp contrast to Tokyo, where it has fallen more than 10% since the end of December.

A big draw for investors is the growing spending power of consumers in the VIP markets. With per capita gross domestic product in the three countries nearing the $3,000 threshold, more and more people are able to afford cars, home appliances and other big-ticket items. The Philippines and Vietnam, though well behind India in terms of population, each have nearly 100 million people. The middle classes in all three countries are expected to continue expanding for decades to come, with an nearly immeasurable impact on the economy.

Changes in government are also expected to give a boost to economic development. Philippine President Rodrigo Duterte, who took office in June, promises to invest more in infrastructure. Although he makes headlines mostly for his incendiary comments and controversial war on drugs, investors have high hopes that he will be able to carry out what he has promised, said Masato Horie at Mitsubishi UFJ Research & Consulting.

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China's trade remains stagnant www3.nhk.or.jp

The Chinese government has released trade figures for the country.

Customs officials say exports fell 10 percent in September from the same month last year, to 184.5 billion dollars. The figure was down for the 6th straight month.

Imports also shrank year-on-year for the first time in 2 months, by 1.9 percent, to 142.5 billion dollars.

Performance in both exports and imports was worse than predicted.

China's overall foreign trade totaled 327 billion dollars last month. That was 6.6 percent lower than the amount in September, 2015.

To bolster domestic demand, the Chinese government has been increasing construction of social infrastructure and supporting vehicle and housing sales.

But the latest data show that the world's second largest economy is still struggling with weak demand, both at home and abroad.

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IMF to send team here www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The International Monetary Fund (IMF) sending a working group here on October 20, to assess the current state of economy.
 
A delegation headed by the Governor of the Bank of Mongolia took part in the annual meeting of IMF and the World Bank Group, held last week in Washington D.C.
 
The delegates have met the leaders of IMF and WB and discussed the economic difficulties facing Mongolia.
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IMF official says emerging markets crucial www.chinadaily.com.cn

The world will continue to rely heavily on developing nations, amid slowing momentum, to help keep the world economy growing, said Zhang Tao, a Chinese economic official who is the new deputy managing director of the International Monetary Fund.
 
"Looking into the future, emerging markets and developing countries will continue to contribute a great share of global growth," Zhang told reporters on Sunday evening.
 
Zhang was at his first yearly meetings of the IMF and World Bank in his new job. Zhang replaced Zhu Min, also a Chinese national, on Aug 22. The meetings were from Friday to Sunday in Washington, DC. Zhang is a vice-governor of the People's Bank of China and was IMF executive director for China from 2011 to 2015.
 
The IMF has forecast global growth to slow to 3.1 percent in 2016, below the April forecast of 3.2 percent. The 2017 forecast is 3.4 percent, below April's 3.5 percent figure.
 
Zhang called growth in Europe flat, while the United States forecast has been cut by 0.6 percentage point, a change he said that has not surprised the market.
 
He says he thinks that Brexit and some issues debated during the 2016 US presidential election have discouraged investors, while many developed countries also face declining productivity and aging populations.
 
Zhang described the debate in some developed countries about income inequality and its relationship with globalization as going beyond the economics.
 
Still, the world's second-largest economy, China has been a major engine for the global economy before and after the 2008 financial crisis.
 
According to the latest World Economic Outlook report released last week, financial market sentiment toward emerging market economies has improved.
 
But prospects differ sharply across countries and regions, with emerging Asia in general and India in particular showing robust growth and sub-Saharan Africa experiencing a sharp slowdown.
 
In advanced economies, a subdued outlook subject to sizable uncertainty and downside risks may fuel further political discontent, with anti-integration policy platforms gaining more traction, according to the report.
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Pimco took part in Deutsche Bank bond offerings: source www.reuters.com

Pacific Investment Management Co, which oversees more than $1.5 trillion in assets under management, took part in Tuesday's $1.5 billion Deutsche Bank AG (DBKGn.DE) bond offering as well as a $3 billion bond deal on Friday, a source familiar with the matter told Reuters on Wednesday.
 
Pimco, a unit of financial services provider Allianz SE (ALVG.DE) and one of the largest asset managers in the world, was said to be a major investor in both bond offerings, the source added. A spokeswoman for Pimco declined to comment.
 
Deutsche's bond spreads have been under pressure since September, when the U.S. Department of Justice asked the bank to pay $14 billion to settle an investigation into its selling of mortgage-bond securities.
 
But after raising $4.5 billion over two days, both times investor-initiated, the bank instilled some confidence that it is making progress in putting some problems behind it.
 
Deutsche paid a new-issue concession of around 50 basis points on Friday's deal, which was a chunky premium compared with its outstanding bonds.
 
But it was broadly in line with where its paper was trading after the sell-off occasioned by the Justice Department request.
 
Tuesday's self-led tap of its 4.25 percent October 2021s priced at 100.263 and a spread of 290 basis points over Treasuries for a yield of 4.191 percent, offering investors a premium of around 25 basis points.
 
The bond that priced Friday, which was sold to a limited number of investors, had rallied up to 40 basis points in secondary markets after clearing at 300 basis points over Treasuries.
 
Many of the same investors bought in again on Tuesday. Friday's deal was the first Deutsche Bank had sold in the U.S. dollar market in five months.
 
David Schawel, who runs opportunistic income strategy at New River Investments, said Pimco's involvement makes sense. "It's accretive to yield and their exposure is likely not big enough across portfolios to make a dent if it goes bad," Schawel said.
 
IFR, a unit of Thomson Reuters Corp (TRI.TO), first reported on both Deutsche Bank bond offerings.
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