Japan's unemployment rate falls to 3% www3.nhk.or.jp

"Invest Mongolia 2016" UB Sep 05-06.2016 www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) is officially supporting the Frontier Conference's "Invest Mongolia 2016" forum which will be held in Ulaanbaatar Mongolia between Sep 05-06.2016.

Please review the following announcement.

11th ASEM (Asia-Europe Meeting) has successfully finished on July 16. As the host country, Mongolia has given great impressions on a mere 3 million population country to world leaders including 11 head of States and 23 heads of Governments with the strong leadership of President Elbegdorj.
This is the landmark event for the diplomacy because 1.5 billion people in the world has watched the event on TV. Hence, we expect to see the spillover effects in a future.
In addition, Mongolian People’s Party (MPP) has enjoyed a surprising landslide victory on the General Election at the end of June taking 85% of the seats at the parliament. Immediately after the election, M. Enkhbold has become the Speaker of the Parliament. And, under his leadership, the opinions of the Parliament and the Cabinet will be united and the decision makings will be quicker.
Because of those two events, the sentiment of foreign investors will improve in a short term.
However, the really important issues from now on will be whether the contents of the plan of Action for the next 4 years announced by the Government will be feasible, consistent, friendly and acceptable for investors.
We particularly want to know the policies of the new leaders to revive the economy as soon as possible.
Also, we want to know the measures to make the policies consistent.
Remember that we are still waiting for the regional elections in October and the Presidential election next year. So, the pressures to expand the expenditure will be on the rise. However, we do not want to see the policies to be influenced by those sentiments.
We also want to see follow-ups of ASEM meetings in the latter half of this year.
As we host Invest Mongolia at the first week of September, we should know rough ideas of the directions of the country by then. So, this will be a great opportunities for everyone to get together.
Therefore, Frontier is pleased to invite you all to our upcoming “Invest Mongolia 2016” conference on September 5-6, 2016. This conference is one the of the largest events in Mongolia, which serves as a platform of bringing in people from the Government, key industries' players, financial institutions and global investors; where they get a chance to talk about several socio-political and economic development throughout the year. Thus, this conference will provide first-hand information you need to make your lucrative activities more fruitful.
We have successfully held the 9th Invest Mongolia on Sep 8-9, 2015 in Ulaanbaatar and the 3rd Invest Mongolia on Dec 9-10, 2015 in Tokyo with more than 1000 people attended from almost 30 countries in the world. For those of you who have not attended the conferences, please see the post conferences to learn more.
WHAT'S NEW THIS YEAR?
The assessments of the Action Plan in the next 4 years and whether the new Government will take investor friendly measures
What did Asia–Europe Meeting (ASEM) mean for Mongolia and the rest of the world?
The overview of Mongolian Economy including updates on legal, accounting and other regulatory changes
The progress and its impacts of OT underground and other major projects to the economy
The launch of AIIB and its involvements to the infrastructure development in Mongolia
The Mongolian Banking Industry and the Bank Strategies
The development of the non-mining sectors including the Real Estate
The foreign Investment in Mongolia: Concerns & Opportunities
The outlook of the Bond Market and the challenges of the refinancing ahead of 2017 when massive amount of maturities will take place in the market
AN ULTIMATE OPPORTUNITY TO LEARN AND NETWORK FROM KEY EXPERTS...
Registration is free of charge. For further inquiries, please contact at conference@frontier.mn
AN ULTIMATE OPPORTUNITY TO LEARN AND NETWORK FROM KEY EXPERTS...
Registration here (free of charge!)
Two Day Program:
The two-day conference will consist of presentations and panel discussions. There will also be a segregated area for exhibitors.
Sponsor/Exhibit & Delegate participation
Sponsoring, presenting and exhibition opportunities are available for those wishing to gain visibility and expand their network with Mongolia’s most prominent leaders.
For conference information, please visit us at http://frontier-conference.com 
For any other inquiries, please email us at conference@frontier.mn

Volkswagen decides not to sue South Korea over sales ban www.reuters.com

Hershey shares tumble after Mondelez scraps takeover bid www.bbc.com

China plans to produce its own aircraft engines www.rt.com

Top German official: EU-U.S. free trade talks have failed www.cnn.com

President Obama's free trade deal with Europe is going nowhere, a top German politician has said.
"The negotiations with the U.S. have de facto failed," Sigmar Gabriel said during an interview with German television ZDF.
Gabriel is Germany's minister for Economic Affairs and Energy and also deputy to Chancellor Angela Merkel.
The Trans-Atlantic Trade and Investment Partnership (TTIP) was meant to be one of Obama's legacies, but talks with the European Union have stalled as opposition to the deal grows.
Gabriel said he was a supporter of free trade because German exporters, large and small, would benefit but such a deal could not be done "at any price."
The deal was supposed to span Europe and the U.S., covering more than half of the world's economic output and 800 million people. It has been in the works since June 2013 and Obama's administration is still hoping to reach an agreement before the president leaves office in January.
But the negotiations have been moving at glacial pace. The 14th round of negotiations wrapped up in July, without a significant breakthrough on the most problematic issues.
"We Europeans cannot subject ourselves to American demands, there's no movement there," Gabriel said.
The European Commission, which is leading the negotiations on behalf of EU states, insists a deal is still possible by the end of 2016.
"The ball is rolling right now and the Commission is making steady progress...provided the conditions are right, the Commission stands ready to close this deal by the end of the year," said Margaritis Schinas, the chief spokesperson of the European Commission.

But Schinas repeated a statement made by European Commission President Jean-Claude Juncker two years ago that officials would not "sacrifice Europe's safety, health, social and data protection standards or our cultural diversity on the altar of free trade."
Supporters say the deal would create more than a million jobs. The European Commission says it would be worth 545 euros ($620) to each European citizen every year.
But more than 3.2 million people have signed a petition to stop TTIP, and another EU trade deal with Canada.
They are angry that the talks are being held in secret. The TTIP draft has been kept under wraps -- which is not unusual for big trade agreements. WikiLeaks has offered 100,000 euros ($114,000) for the documents.

SAVINGS RATES BY SAVINGS RATES BY
European labor unions and pressure groups argue the deal will give too much power to big U.S. corporations, because it would make it easier for them to sue governments over laws they claim hurt their business.
Opponents also say the deal could lead to more privatization of public services, including education and healthcare. European Commission says these sectors will not be included in the agreement, but leaks from the negotiations suggest the U.S. is pushing hard for access.
Many in Europe are also worried the deal could lead to a watering down of Europe's existing regulations on food safety and environmental protection, which are often a lot stricter than in the U.S.

Opposition to TTIP is also growing in the U.S. Republican presidential nominee Donald Trump has repeatedly criticized free trade agreements, including NAFTA and the Trans-Pacific Partnership, saying they are "an attack on America's business."
Hillary Clinton backed big free trade agreements when she was Secretary of State, but she too is now voicing concerns.

Fukushima nuclear plant prepares for typhoon www.nhk.or.jp

The operator of the troubled Fukushima Daiichi nuclear power plant is preparing for the powerful Typhoon Lionrock.

Team creates model of highly fuel-efficient engine www.nhk.or.jp

Researchers at a Japanese university say they've developed a prototype of a car engine that would be drastically more fuel-efficient than anything on the market.

Uber suspends services in Abu Dhabi www.bbc.com

“Learning from Democratic Transitions” Forum completes www.en.montsame.mn