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    

Events

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

NEWS

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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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ASEAN companies look to strike it rich in the neighborhood www.asia.nikkei.com

VIENTIANE -- Companies in ASEAN countries are on an investment spree in the region. Sensing opportunities in Southeast Asia's expanding consumer markets and ongoing infrastructure development, they are rushing to build factories and make acquisitions.

Companies from the Association of Southeast Asian Nations overtook their European counterparts in 2015 to become the biggest investors in the region by value for the first time in three years. That investment should help sustain economic growth regionwide.

The five-story Myanmar Plaza, which opened last December in Yangon, is a showcase for famous domestic and foreign brands, including German sportswear maker Adidas. Myanmar's first modern shopping mall is thronged with buyers from the country's swelling middle class.

The mall was built by Vietnamese real estate developer Hoang Anh Gia Lai. Next door, an office building has already been completed. An upscale condominium building is scheduled to go up by 2018. In all, $440 million will be invested in the complex.

Buying time

U.K. research company Euromonitor estimates ASEAN's retail market will expand by about 20% between 2015 and 2020 to $588.3 billion. Companies are piling in, trying to get a piece of the action.

Boon Rawd Brewery, a Thai maker of alcoholic beverages best known for its Singha beer, is pushing into Vietnam, investing a total of $1.1 billion in a food company and a beverage producer that are part of local conglomerate Masan Group. Vietnam Dairy Products, the biggest dairy maker in the country, in May began production in neighboring Cambodia.

According to a report issued Sept. 6 by the United Nations Conference on Trade and Development, investment in the ASEAN region totaled $119.9 billion in 2015, down 8% from the previous year but still the third-largest year on record. ASEAN companies accounted for nearly 20% of the total, taking the top investor spot from European companies, which had held the position for two years through 2014.

ASEAN companies are likely to continue their cross-border expansion, becoming serious competitors to Japanese companies operating in the region.

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Conference of Asian Scientists on green development to round up www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Foreign Affairs of Mongolia is hosting the “Role of Scientific Field in the Green Growth” international scientific conference these days at the Ministry’s Hall of Consensus. The meeting is being organized on Wednesday in Ulaanbaatar, by the Association of Academies and Societies of Sciences in Asia (AASSA), Mongolian Academy of Sciences, Ministry of Environment and Tourism, Ministry of Foreign Affairs, and Ministry of Education, Culture, Sciences and Sports.
 
The Association affiliates 34 scientific institutions of more than 30 countries. It was established in 2012 to promote cooperation between scholars and scientists.
 
The Mongolian Academy of Sciences is an active member of this association, having its president as the member of Board of AASSA.
 
The scientific conference is to bring together over 60 scholars from Mongolia, South Korea, Russia, China, Nepal, Bangladesh and Iran, and will consider 15 scientific papers.
 
The meeting will complete today.
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Ukraine seeks Chinese investment to revive the world's biggest plane www.rt.com

 
Kiev wants to attract $500 million of investment from China to complete an updated version of the world's biggest aircraft AN-225 Mriya (‘Dream’), the president of manufacturer Antonov told Reuters.
 
The cargo plane was developed in the former Soviet Union in the 1980s and was initially designed as a carrier for the Soviet Buran (Snowstorm) space shuttle. The only example completed is still in use. With a capacity of 250 tons the plane weighs 640 tons on takeoff.
 
Work on building a second plane started in 1988 but has never been completed.
 
Antonov’s deputy head said in May that Ukraine had been considering starting joint manufacturing with China and was planning to invite Chinese investors to the project.
 
On August 30, Antonov and China’s Aerospace Industry Corporation signed a cooperation agreement which will pave the way for serial production of the AN-225 in China.
 
Antonov President Oleksandr Kotsiuba said it could take about five years to complete the aircraft once a contract between the two sides is signed.
 
"The second Mriya will be completed here, in Kiev, and could cost up to $500 million depending on the equipment installed," said Kotsiuba, adding future cooperation with the Chinese company would depend on the successful completion of the plane.
 
The only existing AN-225 aircraft first flew in 1988 and is operated by Antonov Airlines, a division of the Antonov company.
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