1 AUS-BRITISH MINER'S PLIGHT IN MONGOLIA HAS 'CHILLING EFFECT' ON INVESTMENT WWW.MININGMAGAZINE.COM  PUBLISHED:2025/04/03      2 ULAANBAATAR INTRODUCES ADVANCED AI SOFTWARE TO SUPPORT POLICE INVESTIGATION WWW.MONTSAME.MN PUBLISHED:2025/04/03      3 ION ENERGY SECURES $13.5M DEAL WWW.INSIDEMONGOLIA.MN PUBLISHED:2025/04/03      4 PROGRESS OF NATURAL GAS PIPELINE PROJECT PRESENTED TO CABINET WWW.MONTSAME.MN PUBLISHED:2025/04/03      5 ULAANBAATAR TO IMPLEMENT 24 MEGA PROJECTS UNDER INTERNATIONAL FIDIC CONTRACT STANDARDS WWW.MONTSAME.MN PUBLISHED:2025/04/03      6 INTERBANK TRANSACTIONS NOW USE IBAN NUMBERS WWW.MONTSAME.MN PUBLISHED:2025/04/03      7 MEERECOMPANY SIGNS MOU WITH THE MONGOLIAN CENTER FOR HEALTH DEVELOPMENT WWW.SURGICALROBOTICSTECHNOLOGY.COM PUBLISHED:2025/04/03      8 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      9 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      10 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      ИПОТЕКИЙН ЗЭЭЛИЙН ДААТГАЛЫН ӨӨРЧЛӨГДСӨН ЗОХИЦУУЛАЛТ VIII/01-НЭЭС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     “ASPIRE MINING” 2024 ОНД A$6.6 САЯЫН ЦЭВЭР АШИГТАЙ АЖИЛЛАСНАА ТАЙЛАГНАЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ЕАЭЗХ-ТОЙ ЧӨЛӨӨТ ХУДАЛДААНЫ ХЭЛЭЛЦЭЭР БАЙГУУЛСНААР ДНБ-ИЙ ӨСӨЛТ 6.1 ХУВИАР БУУРАХ ЭРСДЭЛТЭЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     НИЙСЛЭЛИЙН 18 БАЙРШИЛД ОЛОН ТҮВШНИЙ УУЛЗВАР БАРИНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     ХХОАТ-ЫГ 1 ХУВЬ БОЛГОХ САНАЛЫГ ТӨСВИЙН БАЙНГЫН ХОРООНД ШИЛЖҮҮЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/03     ГЕГ: АНУ-Д ХИЙСЭН ЭКСПОРТ 2024 ОНД $166.3 САЯ БОЛЖ, ӨМНӨХ ОНООС 4.5 ДАХИН ӨССӨН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     ХӨСҮТ: УЛААНБУРХНЫ 253 ТОХИОЛДОЛ БАТЛАГДАЖ, 7220 ХАВЬТАЛ БҮРТГЭГДЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/03     “JADE GAS” КОМПАНИ "УЛААН НУУР" ТАЛБАЙДАА ХОЁР ДАХЬ ХЭВТЭЭ ЦООНОГИЙН ӨРӨМДЛӨГӨӨ ЭХЛҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/03     БАНК ХООРОНДЫН ГҮЙЛГЭЭНД IBAN ДАНСНЫ ДУГААР АШИГЛАЖ ЭХЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/03     УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02    

Category

Events

Events

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

NEWS

64x64

Coal mines, utilities ink long-term price deal www.chinadaily.com.cn

Move to help prevent violent fluctuations in market and maintain orderly trading
 
China's major coal producers and power groups have signed a long-term deal at a fixed price to ensure stable coal and power supplies in the country, in a bid to hammer out a strategy to halt the persistent rise in coal prices, said the nation's top economic regulator on Wednesday.
 
Two of the nation's top coal mines, Shenhua Energy Co and ChinaCoal Energy Co, have signed long-term supply contracts with utilities at 535 yuan ($79) per metric ton, 25 percent below the current spot market rates, as the government ramps up its efforts to cool the red-hot market.
 
The long-term deal will start on Dec 1, and will help prevent violent fluctuations in coal prices and maintain an orderly market, Xu Kunlin, deputy secretary-general of the National Development and Reform Commission, said at a briefing on Wednesday.
 
Zuo Qianming, an expert with China National Coal Association, said the price rise has to do with China's effort to cut overcapacity and regulate its coal sector.
 
"Despite the fact that thermal coal prices have hit a record in recent weeks after the government tried to tighten supplies for utilities, causing much concern in industry and among the public, it is still demand driven," said Zuo.
 
"However, as coal consumption declines year by year, the country should still stick to reducing overcapacity despite the recent drastic price rise."
 
The country's intensified effort to cut overcapacity had led to huge rises this year in the bulk commodity price, including thermal coal.
 
Despite government efforts since September to boost supply, the surge has yet to be eased and has drawn the scrutiny of the authorities.
 
According to Xu, there were no grounds for recent coal price increases in the country to be sustained, and prices might even drop after sporadic factors fade away and a periodic coal supply glut and price decline is likely to follow.
 
"Once the sporadic factors fade away, a periodic coal supply glut and a price decline will be high-probability events," he said.
 
"The recent coal price surge in China was irrational and unsustainable, and the prices would retreat as supplies increased with no basis for further rises in coal prices."
 
Xu added that the supply-demand situation in China's coal sector has not changed and has reached a balance due to controls on output.
 
"The country should firmly stick to the overcapacity reduction program despite the price hikes," he said.
 
"In the long term, with coal consumption capacity gradually declining, the coal market will hardly see any rapid increase, and with the new energy gradually replacing traditional energy such as coal, there will be barely any substantial growth capacity for the coal sector."
 
Zuo said the deal would also help avoid a big hike in residential power costs.
 
This is the first time that the NDRC has held a media briefing to discuss this year's historical coal price rally and concerns about tight supplies of the raw material used by utilities.
 
The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in northern China's major ports, rose to 607 yuan per ton earlier, the 18th consecutive rise and about 63.6 percent up on the start of the year.
...


64x64

S&P affirms U.S. investment-grade ratings after presidential election www.reuters.com

Ratings agency Standard & Poor's affirmed the United States' investment-grade 'AA+/A-1+' rating on Wednesday, a day after the presidential election, while maintaining its stable outlook.
 
Donald Trump won the U.S. presidential election in a stunning upset, and will take office in January, with the Republicans maintaining majority control of the House of Representatives and the Senate.
 
"We assume the longstanding institutional strengths and robust checks and balances of the U.S. will support policy execution in a Trump administration, despite the president-elect's lack of experience in public office, which raises uncertainty on policy proposals,” the ratings agency said.
 
But S&P added that the United States' high general government debt and increased uncertainty over its trajectory constrain the ratings of the world's largest economy.
 
There is a risk of policy uncertainty and potential missteps given the untested nature of the incoming Trump administration. If these risks eventuate, there could be downward pressure on the rating, S&P said.
 
S&P said it would raise the rating if it saw evidence that efforts point to more proactive fiscal and public policies that result in a lower debt burden.
 
Fitch Ratings said on Wednesday that Trump's victory does not have near-term implications for the United States' AAA/stable rating.
 
The medium-term impact of president-elect Trump's economic and fiscal policies would be negative for U.S. sovereign creditworthiness if they were implemented in full, the ratings agency said. bit.ly/2fmgQ97
 
Moody's Investors Service said that Trump's victory will impact a range of companies operating in several different sectors.
...


64x64

Firm chairman sentenced to death for Tianjin fire www3.nhk.or.jp

A Chinese court has given the head of a logistic company a suspended death sentence in connection with a massive explosion in the port city of Tianjin last year.

173 people died or went missing in the blast and fire at a chemical warehouse in August of last year. The explosion destroyed factories and nearby condominiums.

China's state-run Xinhua news agency reported that a Tianjin court on Wednesday gave the company's chairman Yu Xuewei the sentence for illegal storage of dangerous substances at the warehouse and other charges. A suspended death sentence is usually commuted to life in prison after 2 years.

The court gave 23 other company officials jail sentences ranging up to life imprisonment. It also jailed 25 local government officials for bribe-taking and other charges.

China watchers say the harsh sentences appear to be aimed at showing tight discipline for ranking officials, as serious accidents have repeatedly occurred in China.

...


64x64

Visa fees will be paid in Mongolian Tugrik only www.gogo.mn

Prime Minister J.Erdenebat obliged affiliated ministries on several issues at the beginning of the cabinet meeting. 
Particularly, Prime Minister gave a concrete task to authorities of Oyu Tolgoi, Erdenes-Tavantolgoi, Energy Resource and local Tavantolgoi company when he was working in Umnugobi aimag during the weekend. In regards, he obliged affiliated ministries to establish a working group in charge of developing proposal on measures to be taken on Gashuunsuhait port, ensuring the implementation and monitoring. 
Moreover, he assigned Deputy Minister of Mongolia to provide winter preparation while he assigned Minister of Finance to study the possibility to freeze the increase in exchange rate and to develop affiliated draft law if needed. 
In addition, he engaged all foreign embassies, operating in Mongolia to receive their visa fees in national currency of Mongolia, the Tugrik (MNT).

...


64x64

#InspireMe Festival Ulaanbaatar Shangri-La Mall www.mongolianbusinessdatabase.com

Her Majesty’s Ambassador, Catherine Arnold, invites you to attend the “Business Zone Seminars” for entrepreneurs and start ups.

15:30-15:50 Business idea modelling - G. Oyungerel, training manager, Youth Business Mongolia
15:50-16:10 How to start your own business? Funding options - E.Bat-Orshikh, Executive Director, Development Solutions
16:10-16:30 Working with foreign partners - J.Nomin, Director, Mongolia Talent Network
16:30-16:50 Building international supply chain - Nancy Johnston, Founder of Tengri
16:50-17:10 Entrepreneurship: Ch. Gankhuyag, CEO of Ard Financial Group
17:40-18:40 Startup Grind Mongolia: Nomin Ch., CEO, Mongol HD

Date: 11 November

Time: 15:30 – 18:40

Location: Shangri-la Mall/ Business zone (F1, Art Space Gallery)

SEATING IS LIMITED AND AVAILABLE ON A FIRST COME FIRST SERVE BASIS.

...


64x64

US stock markets neutral on Trump win www.rt.com

The main US indexes did not plunge significantly during the first minutes of trading in New York. Futures had pointed to a sharply lower open for Wall Street on Wednesday after Donald Trump won the US presidential election.
 
The Dow Jones Industrial Average was trading flat at 18,341 points. The Nasdaq Composite dropped 17 points, or less than a half percent. The S&P 500 index was 0.14 percent down.
Germany’s DAX and France’s CAC 40 index were losing less than half a percent, while UK’s FTSE 100 was up 0.2 percent.
 
Shares in steel producers, defense firms and pharmaceuticals firms are rallying, as speculators expect a rise in infrastructure projects, military spending, and a more favorable environment for drug producers during Trump’s administration.
 
Pfizer was up nearly 10 percent, while its rival Merck gained six percent. Machine maker Caterpillar went up eight percent.
 
Shares in biotech companies are skyrocketing with the Nasdaq biotech index showing its biggest intraday gain in eight years.
 
Gold, platinum, palladium and other precious metals were all in the green, rising one to two percent.
 
The crude oil benchmarks have fallen less than half a percent, with Brent trading at $45.88 and WTI at $44.8 a barrel.
 
Healthcare firms are the worst performers on the S&P 500 with insurance group Centene Corporation down 16 percent. Private healthcare providers are also falling eight to 14 percent.
...


64x64

German consortium to invest almost €3bn in Russian high-speed railway www.rt.com

A consortium of major German companies is ready to provide €2.7 billion to construct the Moscow-Kazan high-speed railroad, according to the Vice President of Russian Railways Alexander Misharin. Initially the sum proposed was €2 billion.
 
"Now we speak about investment of about €2.7 billion," Misharin told TASS, adding the terms of the financing will be fixed in an intergovernmental agreement.
 
Germany’s Siemens is part of the consortium and has said it is ready to manufacture rolling stock for the route. The company wants to provide an enhanced version of its high-speed Sapsan train for the new line. Siemens’ Sapsan trains currently operate on the Moscow to St. Petersburg line.
 
The route from Moscow to Kazan is planned as part of a network of high-speed lines to be built by 2018 when Russia hosts the FIFA World Cup. Kazan will be one of the Russian cities hosting the tournament.
 
The ambitious project has already attracted interest from China which plans to put in up to $6 billion.
 
Last year, the China Railway Group won a $390 million contract to develop the Moscow-Kazan railway which may be extended to the Chinese capital. The route is expected to become part of the grand Silk Road project, a Chinese economic corridor with Russia and Mongolia. Beijing sees the high-speed rail project as a way to boost communication and trade with Russia and Europe.
 
The cost of the 770 kilometer Moscow-Kazan link is estimated at $21.4 billion. It will stretch through seven regions of Russia, reducing the current 12-hour journey time from Moscow to the capital of the Republic of Tatarstan to just three and half hours.
 
The trains will be able to reach speeds of 400 kilometers per hour. The average annual passenger traffic is estimated at about 200 million people.
...


64x64

Russia wants to restore Europe business ties, but Brussels shows no goodwill – economy minister www.rt.com

 
Moscow seeks to abolish mutual restrictions with the EU, but Brussels doesn’t show commitment to the matter, Economic Development Minister Aleksey Ulyukaev told Italian business leaders in Rome on Tuesday. Italy has been opposing anti-Russian sanctions, calling them counterproductive.
 
“As for cars, clothing and furniture, there are no imports restrictions. The restrictions apply to agricultural products. They’re probably quite significant,” Ulyukaev said.
 
“But this is not our choice. The best solution is to mutually waive these limitations, we would welcome it, but unfortunately our partners – including the European partners – are not showing goodwill here," he added.
 
Italian businesses have been seeking ways to continue delivering their products to the Russian market despite the restrictions. For example, investors from Italy plan to build a buffalo farm and a mozzarella production plant in Crimea, aiming to put €300 million (US$337 million) into the enterprises.
 
Italian Prime Minister Matteo Renzi openly criticized anti-Russian sanctions at an EU summit in October and spoke against their expansion.
 
“We should do everything possible for a peace deal in Syria, but it’s difficult to imagine that this should be linked to further sanctions on Russia,” Renzi said, as cited by Reuters.
 
In July, the Italian province of Tuscany unanimously backed a resolution urging the lifting of anti-Russian sanctions. The region followed footsteps of Lombardy, Veneto and Liguria, who have acknowledged right for self-determination of the people of Crimea, who voted to leave Ukraine and reunite with Russia in 2014.
 
Trade relations between Russia and the EU have significantly deteriorated since 2014, when Europe accused the Kremlin of fueling the Ukrainian crisis and imposed several rounds of sanctions. The restrictions targeted Russia's banking, energy and defense sectors. In response, Russia imposed a food embargo targeting countries that joined anti-Russian sanctions.
...


64x64

M&S to axe stores as Rowe beats a retreat www.chinadaily.com.cn

Marks & Spencer Group Plc announced plans to shut 30 clothing stores in the United Kingdom and switch others to food-only outlets as Chief Executive Officer Steve Rowe unwinds the expansion efforts of his predecessor and seeks to reverse years of lackluster performance.

The retailer will also shutter 53 stores outside the UK and begin consultations with 2,100 workers as it retreats from 10 countries including China and Belgium, it said on Tuesday, while cutting its margin outlook for the year.
"M&S have been trying to dig their general-merchandise business out of trouble for several years, but for now it seems that the time has come to stop digging," said Phil Dorrell, partner at consultant Retail Remedy.
"By closing stores and cutting jobs without an accompanying announcement on a new strategy, M&S are giving in."
M&S veteran Rowe is taking immediate action to address the fashion retailer's struggles at home and abroad after replacing Marc Bolland as CEO this year.
Domestic clothing sales have been in near constant decline for five years as shoppers defect to nimbler rivals such as Hennes & Mauritz AB and Inditex's Zara.
International earnings have been weighed down by weak demand in Europe and turbulent economic conditions in Asia and the Middle East.
The domestic closures will take place over five years, M&S said, without disclosing how many jobs will be lost.
The downsizing represents the end of an era for the 132-year-old company that was long regarded as the bellwether of UK retailing.
"These are tough decisions, but vital to building a future M&S that is simpler, more relevant, multi-channel and focused on delivering sustainable returns," Rowe said in the statement.
The domestic closures will reduce the amount of space devoted to clothing and home wares by 10 percent, said the company, which has 304 UK clothing and home stores.
Taken together, Rowe's actions will lead to the loss of 60 clothing outlets.

...


64x64

Alibaba hopes Singles' Day shopping party will go international www.asia.nikkei.com

HONG KONG -- Chinese e-commerce giant Alibaba Group Holding aims to transform every Nov. 11's Singles' Day from an exclusively Chinese phenomenon into an annual international shopping event.

Alibaba started the Singles' Day shopping event on Nov. 11, 2009, to boost online sales, as the date is made up of four lonely "ones."

The event began with just 27 stores and gross merchandise volume of less than 100 million yuan (about $14.7 million at current rate), but the figures jumped around 60% on the year to 91.2 billion yuan with 40,000 stores in 2015.

Alibaba's e-commerce site Tmall set a Guinness World Record for selling 6,506 cars and 1.11 million watches in a single day last year.

Alibaba's Singles Day sale starts at midnight on Friday. Last year, Tmall's GMV topped 1 billion yuan in one minute and 10 billion yuan in 12 minutes.

David Hill, renowned as the producer of the Academy Awards and the Super Bowl in the U.S., will direct the Tmall 2016 Double 11 Carnival Night, which will be held in Shenzhen, in the southern province of Guangdong.

U.S. pop star Katy Perry will headline at Alibaba's Singles Day gala as a global ambassador. Alibaba will broadcast the event live through Youku Tudou, its U.S.-traded online video provider.

This year, Alibaba has attracted foreign companies to make the event more international. Well-known foreign brands, such as Apple of the U.S., Italian luxury car brand Maserati and U.S. fashion brand Victoria's Secret, will join the shopping event for the first time to entice Chinese consumers.

Meanwhile, Tmall is providing services in full swing in Hong Kong and Taiwan to establish a foothold in the global market.

Virtual reality shopping will be another attraction of this year's Singles' Day sale. A dedicated VR headset will allow Chinese consumers to enjoy shopping as if they were actually at Macy's department store or a Target discount store in the U.S. while sitting in their own homes.

A representative of Guotai Junan International Holdings predicted that Alibaba's extensive sales promotion will boost Tmall's GMV by 37-43% year on year to 125 million yuan to 130 billion yuan on this year's Singles Day. Some market watchers even expect Tmall's GMV to hit 150 billion yuan.

Stocks that will benefit from Singles Day sale include e-tailers Alibaba and JD.com, as well as Suning Commerce Group and other electronics retailers that partner with Alibaba and Fast Retailing, the operator of the Uniqlo casual wear chain, which logged more than 600 million yuan in sales on last year's Singles' Day.

Logistics companies that ship goods ordered online are attracting greater attention. For example, the stock price of Chinese package delivery company YTO Express has surged more than 70% over the past two months, far exceeding the Shanghai Composite Index, which has remained roughly flat. The Shanghai-listed company posted solid earnings in the first nine months of the year, with a 44% increase in sales and a 91% jump in net profit.

The China Express Association, an industry group for home delivery and logistics, delivery volume will jump 35% from a year earlier to 1.05 billion during this year's Singles' Day campaign on Nov. 11-16. As many as 2.68 million people, a 50% increase from the previous year, will handle the mountains of goods shipped.

That said, time will tell if the Singles' Day shopping event will continue to grow at the current pace, as it has become so big. In response to market expectations, one Alibaba executive said he only expects GMV growth of about 30% this year.

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook