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    

Events

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”ТОКИОГИЙН ЗАГВАРЫН ЕРТӨНЦ” ҮЗЭСГЭЛЭН ЯАРМАГ RX Japan Tokyo

NEWS

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Passengers warned not to use Samsung Galaxy Note 7 on planes www.cnn.com

Air travelers are being warned not to use their Samsung Galaxy Note 7 smartphones on planes after the company recalled the devices over complaints the batteries can catch fire.
"In light of recent incidents and concerns raised by Samsung about its Galaxy Note 7 devices, the Federal Aviation Administration strongly advises passengers not to turn on or charge these devices on board aircraft and not to stow them in any checked baggage," the FAA said late Wednesday.
The unusual warning adds to the headache for Samsung (SSNLF), the world's biggest smartphone marker, as it scrambles to replace millions of Note 7 phones around the world.
Some international airlines have already taken steps to stop people from using the devices on their aircraft. Qantas (QABSY) and Virgin Australia have both said they are telling passengers not to turn on Note 7s or charge them on flights.
samsung galaxy note 7 fire
A Galaxy Note 7 owner in South Korea shared photos of his melted phone.
"On board announcements are being made prior to departure to inform all guests," Virgin Australia said in a statement.
It wasn't immediately clear how major U.S. airlines would respond to the FAA announcement.
Earlier Wednesday, Delta (DAL), JetBlue (JBLU), Spirit (SAVE), United (UAL) and Virgin America (VA) didn't respond to requests for comment on the Galaxy Note 7. American (AAL) and Southwest (LUV) both referred questions on the phone to the FAA. American said it hadn't changed its policies.

Korean Air, the flag carrier in Samsung's home market of South Korea, said it doesn't so far have any plans to restrict use of the Note 7 on its planes. It said South Korean transportation ministry officials had met Wednesday with Samsung representatives and didn't issue any guidance regarding the phone afterward.
The transportation ministry didn't respond to a request for comment on the matter.
Samsung said a week ago that it was halting sales of the Note 7 and would recall 2.5 million devices in 10 countries, including South Korea and the U.S. The company will replace them with new Note 7 phones.

Samsung was responding to dozens of complaints from customers that their phones had caught fire while charging. It said it had investigated the issue and found a problem with the batteries in a small number of Note 7 devices.
The embarrassing announcement came just two weeks after the flagship phone's release and days ahead of the unveiling of rival Apple (AAPL, Tech30)'s iPhone 7.
Samsung didn't immediately respond to a request for comment on the use of the Note 7 on airplanes.

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US bank Wells Fargo fined $185m for opening illegal accounts www.bbc.com

The US' biggest bank Wells Fargo has been fined $185m for illegally opening accounts to boost sales targets.
The cash will go to regulators while the bank will also hand back $5m to customers.
The regulator accused it of "widespread illegal practice" around account openings, sales targets and compensation incentives.
"We regret instances where customers may have received a product that they did not request," the bank said.
The US Consumer Financial Protection Bureau (CSFB) announced the fine and said the bank must also hire an independent consultant for a review.
"Because of the severity of these violations, Wells Fargo is paying the largest penalty the CFPB has ever imposed," said Richard Cordray, director of the regulator.
Its investigation found that to meet sales targets and possibly gain more compensation bank workers had "illegally" signed up customers for more than 2 million deposit and credit-card accounts.
Employees also issued debit cards without customers' knowledge, even creating fake email addresses to unknowingly sign up consumers to online-banking services, the regulator said.
Wells Fargo said it set up an independent review of its sales practices dating back to 2011 and had taken "disciplinary actions, including terminations of managers and team members who acted counter to our values".
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Air pollution costs global economy over $5tn annually – World Bank www.rt.com

Premature deaths due to air pollution cost the global economy $5.1 trillion annually which is roughly twice the economic output of the UK, according to a World Bank report released on Thursday.
 
In a major study of the economic costs of indoor and outdoor pollution, the bank said air pollution prematurely kills 5.5 million people a year, or one in ten deaths worldwide.
 
According to the survey, air pollution significantly hampers the economic development of China and other growing economies in Asia. The bank found that in 2013 (the latest year for which global data is available) China lost nearly ten percent of its GDP, India over seven percent, Sri Lanka and Cambodia roughly eight percent.
 
“The health risk posed by air pollution is the greatest in developing countries,” said the report. “In 2013 about 93 percent of deaths and non-fatal illnesses attributed to air pollution worldwide occurred in these countries, where 90 percent of the population was exposed to dangerous levels of air pollution.”
 
Rich countries are also losing tens of billions of dollars a year through lost work days and welfare costs from premature deaths, the study showed. Dirty air was found to cost the UK $7.6 billion (£5.6 billion) a year, the US $45 billion and Germany $18 billion.
 
The World Bank also calculated that in 2013, premature deaths alone cost the global economy about $225 billion in lost work days. The estimates do not include the costs of treating illnesses linked to pollution.
 
Even with welfare costs, which are based on what people, were prepared to pay in order to avoid dying from air pollution, the calculated $5 trillion may not reflect the full cost, economists said.
 
“The figure could be very much more if it included health costs. We did not include the costs of [morbidity] illnesses caused by pollution,” said lead author and senior environmental economist for the World Bank, Urvashi Narain. “The scale of the problem is truly daunting. The poor are more likely to live in polluted areas and are less able to access healthcare,” she added.
 
The study also drew a link between economic development and air pollution. From 1990 to 2013, welfare losses nearly doubled and labor income losses increased by 40 percent. That happened even despite the fact that countries had made great gains in economic development and health outcomes.
 
 
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UK tech firm swoops on HP software unit in £6.6bn deal www.bbc.com

UK tech firm Micro Focus is buying the software business of a division of Hewlett-Packard for $8.8bn (£6.6bn).
The deal makes Micro Focus one of the UK's biggest tech companies, with total annual revenues of $4.5bn (£3.4bn).
It is acquiring assets from Hewlett Packard Enterprise (HPE), including former UK tech champion Autonomy which HP bought in an ill-fated deal in 2011.
Micro Focus was promoted to the FTSE 100 last week, replacing ARM after it was bought by Japan's Softbank.
A string of acquisitions has turned Micro Focus, based in Berkshire, England, from being a relatively small player to being worth over £5bn, with revenues doubling in 2015.
Shares in Micro Focus closed 14.5% higher at £22.38 after jumping as much as 21%, making it the biggest riser on the FTSE 100.
The rise and rise of Micro Focus
Kevin Loosemore, Micro Focus executive chairman, said the deal marked a significant milestone for the company.
Mr Loosemore said he approached Hewlett Packard Enterprise in February about a deal and was not put off by the market turbulence that followed the Brexit vote in the UK.
HPE has more than 50,000 customers including many of the biggest US companies.
Analysis: Dominic O'Connell, Today business presenter
We are accustomed to headlines bemoaning another UK industrial champion falling to a foreign predator. This morning the tide, if only briefly, is flowing the other way.
Micro Focus, a fast-growing technology firm based in Newbury, Berkshire, is merging with a division of the original Silicon Valley titan, Hewlett-Packard.
Although the combination will have a slim majority of shareholders from the US company, this is a British takeover. The new Micro Focus will keep its listing on the London Stock Exchange, and the management will be British.
The new entity should have a stock market value north of £10bn - about twice the market cap of Sainsburys.
While it is tempting to see this as a swallow that might herald a golden summer of takeovers by ambitious British companies, it has more to do with the weakness of an ageing tech giant rather than a resurgence of appetite on this side of the Atlantic.
Hewlett-Packard is rightly credited with having founded Silicon Valley, nurturing a string of high-tech entrepreneurs and technology companies that went on to conquer the world.
In 1968, it put the first personal computer on sale - a snip at $5,000. Only two years ago it still employed 210,000 people; after today's deal, that number falls to 50,000.
Turnaround
For Hewlett-Packard it is part of a dramatic downsizing from having been a giant of the computer industry with annual revenues of more than $100bn.
Under chief executive Meg Whitman the group has been stripped down to what she believes is its core strengths.
HPE was one part of Hewlett-Packard which split into two last year. The other part, HP Inc, focuses on computers and printers.
The software spinoff follows HPE's announcement of the sale of its business services division to CSC for $8.5bn.
"We are taking another important step in achieving the vision of creating a faster-growing, higher-margin, stronger cash flow company well positioned for our customers and for the future," said Ms Whitman.
'A good thing'
The sale is also being seen as a way for Hewlett-Packard to finally shed itself of its ill-fated purchase of Autonomy.
After the takeover, Hewlett-Packard wrote off about three-quarters of Autonomy's value, claiming that "accounting misrepresentations" had led it to overpay for the firm.
Autonomy denied that, and a slew of legal action then followed.
Its founder, Mike Lynch, told the Financial Times that the deal "was a good thing".
"They can't really screw it up any more than it was. Hopefully there are still some gems in there," he told the paper.
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Apple weighs on Wall St; energy shares a boost www.reuters.com

U.S. stocks dipped on Thursday, pulled lower by Apple after its latest iPhone failed to impress Wall Street, but gains in energy shares limited the decline.

The Nasdaq broke a four-day streak of gains, led by declines in Apple (AAPL.O). The stock fell 2.6 percent to $105.52 in its biggest daily percentage decline since June 24, when Britain's vote to leave the European Union unleashed a massive sell-off.

The company also said it would not release first-weekend sales of the new iPhone, limiting analysts' early visibility on the popularity of the device unveiled on Wednesday.

The S&P 500 information technology index .SPLRCT fell 0.9 percent and led sector losses, while the S&P energy index .SPNY was up 1.7 percent following sharp gains in oil prices.

U.S. stocks have been trading in a tight range in recent months as investors try to assess the outlook for U.S. interest rates and the health of the U.S. economy.

"People are wondering when and if the Fed is going to move again," said John Carey, portfolio manager at Pioneer Investment Management in Boston.

"There's anxiety about that because of what happened the last time. Even though they raised rates just a quarter of a percent, that seemed enough to trigger a sale of stocks. There's worry there could be a similar reaction."

Recent weak economic data has underscored views the Federal Reserve may hold off on raising rates at its policy meeting this month. The European Central Bank held interest rates steady, as expected, on Thursday.

The Dow Jones industrial average .DJI fell 46.23 points, or 0.25 percent, to 18,479.91, the S&P 500 .SPX lost 4.86 points, or 0.22 percent, to 2,181.3 and the Nasdaq Composite .IXIC dropped 24.44 points, or 0.46 percent, to 5,259.48.

Hewlett-Packard Enterprise (HPE.N) shares fell 3.2 percent after it agreed to sell its software business to Micro Focus in a $8.8 billion deal.

Shares of SuperValu slid 9.5 percent to $4.95 after it gave a disappointing outlook, a day after Sprouts Farmers Market (SFM.O) warned on its profit.

After the bell, shares of Restoration Hardware (RH.N) jumped 10.1 percent while Zumiez (ZUMZ.O) was up 5.4 percent, both following results.

About 6.8 billion shares changed hands on U.S. exchanges, above the 6.0 billion daily average for the past 20 trading days, according to Thomson Reuters data.

Declining issues outnumbered advancing ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored decliners.

The S&P 500 posted 13 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 109 new highs and 29 new lows.

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China cargoes keep copper price positive www.mining.com

 
In European trade on Tuesday copper for delivery in December consolidated at a two-week high after strong year-to-date imports from top consumer China remained broadly in line.
 
Copper futures exchanged hands for $2.1025 per pound ($4,635 a tonne), less than a penny above yesterday's closing which was the highest since August 23. While other industrial metals and steelmaking raw materials have jumped in value this year, industry bellwether copper is trading flat year to date following a 26% decline in 2015.
 
China is responsible for more than 45% of copper demand and according to customs data released yesterday the country's imports of unwrought copper and copper products were 350,000 tonnes during August.
 
That's a 10,000 tonne decline from July which was mostly ascribed to seasonal factors but shipments were still broadly in line with summer 2015 . For the first eight months refined imports are up by more than 15% after hitting a record 570,000 tonnes in March.
 
Compared to August last year concentrate imports surged to close to 1.5 million tonnes. For the first eight months imports are up 34.6% at 10.86 million tonnes. Concentrate imports hit an all-time high in December.
 
MetalBulletin reports China’s ten largest copper producers have agreed to cut production by 350,000 tonnes in 2016, although similar statements from the country's non-ferrous industry association concerning aluminum production downscaling have had little impact.
 
Any announcement about output reductions are welcome however since the copper market is set stay in surplus despite some cutbacks by top copper mining companies as new mines and expansions, particularly in Peru, ramp up to capacity and disruptions come in below historical levels.
 
While top producer Chile settled into a gentle decline, Peruvian copper production surged by more than 50% to just under 741,000 tonnes in the first half of the year.
 
Additional supply includes increased production from Freeport’s Cerro Verde mine and the ramp-up of the Chinese-backed Las Bambas mine, both in Peru. Cerro Verde pumped out 260,000 tonnes during the first half of the year after Freeport completed a project to add 270,000 tonnes annual capacity at the mine.
 
Operator MMG's Las Bambas ramp-up is ahead of schedule and the new mine is expected to produce 250,000 – 300,000 tonnes this year and 400,000 in 2017. Hudbay's Constantia is also hitting its stride with 63,800 tonnes unearthed so far this year while Glencore's Antamina and Antapaccay mines both upped output substantially.
 
Add to Peru's success increased output at Vale's Salobo mine and the ramping up of Southern Copper Corp’s Buenavista mine in Mexico. BHP Billiton last month also announced increased guidance at Escondida, the world's largest copper mine by some margin.
 
Goldman Sachs came out with a particularly bearish forecast last month and the investment bank now predicts double digit declines for the metal to a low of $1.80 per pound 12 months from now, citing the "wall of new supply from Chile, Peru and Zambia".
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China's imports rise in August www3.nhk.or.jp

 
China's imports rose in August for the first time in nearly 2 years.
 
Customs officials say imports were up 1.5 percent from the same month last year...to 138.5 billion dollars, beating market expectations. It's the first growth in 22 months.
 
The officials say China bought more semiconductors, liquid crystal panels and other electronic components from Japan and Southeast Asia.
 
Analysts credit Apple's decision to produce its new iPhone in China for the upward trend.
 
Meanwhile, exports were down for the fifth straight month...falling 2.8 percent to 190.5 billion dollars. That result was due to weak sales of clothes, shoes and precious metals.
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MBD Business offers package # 10 www.mongolianbusinessdatabase.com

Please review the following MBD Business offers package number 10 and feel free to visit www.mongolianbusinessdatabase.com's BUSINESS OFFERS page for more information on each offer and contact us at contact@mongolianbusinessdatabase.com to develop the related offers.
From this package, we are including the Mongolian companies business offers which are seeking an investment/partner on the specific business projects.

MBD is now number 1 ranking portal site on Google's "Mongolia business or/and Business Mongolia" search according to the access from more than 70 countries as of today.
Purpose of this project is to facilitate the business interests according to its mission statement "A bridge of your product and service in/to/from Mongolia".

Military and law enforcement uniform/items (Taiwan)
Seeking a partner

Non banking financial institutions (Mongolia)
Seeking an investor/partner

All kind of plastic materials (PR China)
Seeking a partner

Construction material (Turkey)
Seeking a partner

Global brand cosmetics (PR Korea)
Seeking a distributor

Restaurant kitchen equipment (PR China)
Seeking a partner

Restaurant (UK)
Seeking a partner on its franchising business in UB

Ultracoat of pharmacy (India)
Seeking an agent

Limestone mining (Mongolia)
Seeking an investor/partner

Real Estate (Mongolia)
Seeking an investor/partner

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Nintendo shares surge on Super Mario game for iPhone www.bbc.com

Shares of Nintendo have rallied by as much as 18% in Tokyo after the company announced that a new version of its popular Super Mario franchise will be appearing on Apple's new iPhone.
Super Mario Run will be released in Apple's App Store in December.
It will be free to download but users will have to pay for the full game.
Smartphones are the gaming industry's fastest growing source of revenue and Nintendo has been criticised for being slow on the uptake.
It released an app called Miitomo earlier this year and plans to unveil more gaming titles by March 2017.
Super Mario creator Shigeru Miyamoto said an Android version would also be launched at a later date.
The evolution of Super Mario

Super Mario Bros was created as a sequel to Donkey Kong. It is the most successful video game series of all time.
Mario is an Italian-American plumber and has a younger brother called Luigi.
He was originally a carpenter.
In the game he has to navigate a series of levels, avoid enemies and collect coins along the way.

At the Apple launch event, Mr Miyamoto said to loud cheers from the audience, "Mario is running toward his next goal: iPhone."
Apple is also jumping on the popularity of online gaming.
Gaming phenomenon Pokemon Go will appear on the Apple Watch for the first time. The device will vibrate when users are near Pokemon or Pokestops.

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Investors are turning their attention to Mongolia www.gogo.mn

Three out of five economists consider that USD rate could be stabilized, if foreign direct investment is restored. Two of them consider that USD rate will be decreased, if commodity prices rise sharply. According to the Bank of Mongolia, official USD rate is at MNT 2213. Although tugrug (MNT) has declined since Sep, 2016 and the USD rate still remains high.  

Investors attending the 10th annual “Invest Mongolia-2016” international conference observed political stability and its opportunity and support offered to them. Also, they are in a stagnant mode to observe of any changes that newly formed Government to take in the mining sector, which makes up one-fourth of the budget revenue. However, policy makers and decision-making level participants have not attended the conference, which might disappoint investors greatly. 

As of second quarter of 2016, Mongolia`s foreign exchange reserves stand at USD 1.2 billion which will ensure 4.6 months of imports. Faced with economic difficulties, both foreign and domestic investors gathered in Ulaanbaatar city for two days. They wanted the Government to seek opportunities and keep policy succession. 

"Mongolia`s foreign exchange reserves once standing at USD 4.1 billion has been declining for three consecutive years due to instability in investment and collapse of commodity price. If investment environment in Mongolia stabilized, the investment could be restored in short and midterm", states Mr. Ts. Tumentsogt, Mongolian Permanent Representative of General Electric, International General Electrics.

10th annual “Invest Mongolia- 2016” international conference reports that Mongolia will keep attracting investors, if commodity prices outlook including copper, coal and iron ore remain positive. Masa Igata, the Founder and Chief Executive Officer at Frontier LLC mentioned that more than 800 delegates have attended this year`s conference. Number of participants have doubled compared to the previous year. On the other hand, increase in number of participants implies that investors are turning their attention to Mongolia. 

NEW OPPORTUNITIES FOR RENEWABLE ENERGY SECTOR 

Energy demand of six countries located in North East Asia is expected to be doubled over 20 years than the world average. World's leading energy consumer countries, which are rich in oil, natural gas, coal and renewable energy, are located in this region. They make up one-fifth of the world economy. Energy supply is one of the issues world's leading economic players are facing: ​China, South Korea and Japan. 

Energy and Infrastructure Director of Newcom Group, D.Gankhuyag noted: "Growing energy use of region attracts attention of energy exporters and it becomes new hope to attract investment from foreign and domestic investors in the renewable energy sector". 

Mongolia is able to provide a specific part of the region's rapidly growing energy demand using its own renewable energy resources, said Shigeru Yamamura, a Senior Energy Specialist at ADB’s East Asia Department.

SEE YOU IN JAPAN...

New partners attending the conference have said goodbye to each other by saying above words and shaking hands. They have agreed to strengthen their business partnership established in Ulaanbaatar at Tokyo. Two-day conference will be continued in Tokyo on Dec, 2016. During the upcoming conference, the parties will discuss implementation of Mongol-Japan economic partnership agreement and strengthening the strategic partnership between the two countries. 

Moreover, the next four-year action plan of the newly formed Government is to be introduced. Time is the most significant factor in business cooperation. "Good luck to foreign and domestic investors who can be defined as the busiest people, stated Masa Igata, the Founder and Chief Executive Officer at Frontier LLC. 

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