7th MBD Business Networking: "Mongolian Foreign Direct Investment: Challenges" (TOMORROW) www.mongolianbusinessdatabase.com

7th MBD Business Networking: "Mongolian Foreign Direct Investment: Challenges" (TOMORROW)

We are pleased to invite you to the 7th MBD Business Networking which will be target in "Mongolian Foreign Direct Investment: Challenges" subject on Tuesday Oct 04, 2016 between 16.00-18.30 at Executive Excellence Center https://www.facebook.com/EEIBC/?fref=ts.

Agenda:
16.00 - "Mongolian Foreign Investment: Challenges and opportunities" - Dr. Nigel Finch, Founder & Managing Director of Saki Partners and Honorary Consul-General of Mongolia in Sydney.
(Dr.Nigel is a Founder & Managing Director of Saki Partners where he provides advice on complex financial transactions, he was an Associate Professor in Accounting at the University of Sydney (Australia).
He has authored more than 100 publications on accounting and finance including numerous articles focused on emerging markets and extractive industries. Some of his books include Emerging Markets and Sovereign Risk (2014), Fundamentals of Corporate Finance (2010), Contemporary Issues in Mining (2012) and Best Practices in Management Accounting (2012).
Dr. Finch is Chartered Accountant, a Chartered Tax Adviser and a Fellow of CPA. He is a member of the Representative Council of CPA Australia, a director of the Australia Mongolia Business Council and a director of several companies listed on the Australian Securities Exchange.)
16.20 - "Foreign investment into to the mining sector: Present situation, trend and comments" – L. NARANBAATAR, Founder and Director General of Glogex Co.,LTD
(Naranbaatar is a mining engineer-economist and holds financial management masters degree. He is initiated and leads to organize an annual Goal Mongolia and Metals Mongolia International forum. He is a board member of "Mongolian Geology and Mining professional institution and Mongolian minerals resource reporting committee)
16.40 - "The new circle begins: How we should benefit from it" - A.BILGUUN, Director of MIBG and capital market analyst 
(Mr. Bilguun joined MIBG as Chief Executive in the spring of 2012. Prior to joining MIBG Bilguun held several senior executive positions involved in corporate advisory, financing, and logistics within the mining and resources sector in Mongolia. These included Chief Executive and President of Monrud Mining Services LLC and Chief Executive of Discover Mongolia International Mining Investors Forum. In addition to Bilguun’s experience in Mongolia he has previously worked in investment banking at Toll Cross Securities, a Toronto based boutique specializing in mining and resources. He holds Bachelor of Commerce in Finance, Saint Mary’s University CFA Level-3 Candidate)
17.00 - "Foreign Investment into Capital markets: Present situation, trend and comments" -D.ANGAR Founder of Novel Investment and President of Mongolian Capital Markets Association
(Angar was CEO of Mongolian Stock Exchange in 2014-2015. He is now the 100% shareholder of “Novel Investment”, a member of the Mongolian Stock Exchange. The brokerage firm is the Mongolian market leader in the secondary market trading of Government Bonds and Treasury Bills, which accounts for 50% of all trades at the domestic bourse.
He has a bachelor’s degree in Finance from the University of Central Arkansas, USA, and a Master’s degree in International accounting and Finance from the University of Liverpool, UK.)
17.20 - "The recent foreign investment related policy changes: Lessons and comments - Ichinkhorloo SER-OD Founder and CEO of Mongolian Business Database MBD (NGO) and "Bridge of your Business (B2B Mongolia) Co.,LTD
(Ser Od graduated Mongolian National University's Law Institute and the Academy of American and International Law in Dallas Texas. He has been working in a leading business representative organizations, FDI, B2B communication sector for 15 years including Staff-Director of Foreign Relations Department of MNCCI and Vice Director of BCM. )
17. 40 -18.30 Networking served with light food and drinks.
For guests interested in attending this event and registration process please contact:tsendsuren.b@eeibcmongolia.comand tel:77106611, 77109911.
Please register by 5.00pm 03 Oct, 2016 via email providing your full name, company position, tel number and e mail address.
EEIBC's meeting room capacity is limited, so it will be “first come and first serve” basis. (The fee is 30.000 tugrug per person. Please confirm your registration by your payment to "Монголын Бизнес Мэдээллийн Бааз" TBD Bank's 427001964 account before your arrival)

Lotte turmoil threatens to swamp both sides of business www.asia.nikkei.com

TOKYO -- Though the Lotte group has avoided the arrest of its chairman for now, all is far from well at the Japanese-South Korean conglomerate, with malfeasance allegations hanging over the founding family and a feud over the Japanese operations still simmering.

Chairman Shin Dong-bin, the head of the group's South Korean business, is suspected of inflicting losses on group companies during overseas acquisitions and being involved in slush fund creation at Lotte Engineering & Construction and elsewhere.

Seoul opened an investigation in June. More than 300 people have been questioned in addition to Shin himself, including Shin's father, Lotte group founder Shin Kyuk-ho, and older brother Shin Dong-joo.

Shin Young-ja, Shin Kyuk-ho's oldest daughter and executive director of the Lotte Scholarship Foundation, was arrested in July on charges of embezzlement and breach of trust, a move likely intended to help get a handle on where the money went. The investigation extended to people close to Shin Dong-bin. Lee In-won, vice chairman of Lotte's South Korean operations, apparently killed himself in August shortly before he was to be questioned by prosecutors.

With the investigation in its final stages, prosecutors sought an arrest warrant Sept. 26 for Shin Dong-bin on suspicion of embezzlement and breach of trust, since the slush fund issue had not been fully brought to light. A Seoul Central District Court judge turned down the request Thursday.

All in the family

Founded in Japan in 1948, Lotte initially focused on gum and chocolates before massively expanding its business portfolio after entering South Korea in the 1960s. It retained a relatively narrow focus in Japan, centering on confectionery and professional baseball. But in South Korea, it became a conglomerate involved in such wide-ranging fields as logistics, chemicals and food. Lotte now earns more than 20 times as much revenue in South Korea as in Japan.

The two countries' operations are run by different management teams and have little to do with each other. The common thread was the leadership of Shin Kyuk-ho. The founder dictated "everything from the taste of products to promotional campaigns at stores," said a former Lotte staffer from the 1970s.

The aging patriarch, who was born in 1922, eventually passed on duties to the next generation, with older son Shin Dong-joo taking the reins in Japan and younger son Shin Dong-bin in South Korea. This arrangement was upended in January 2015, when Shin Dong-joo was ousted from positions including vice chairman of Lotte Holdings, putting leadership of both Lottes in the hands of Shin Dong-bin. The older brother tried to return to management, sparking a family feud that also swept up Shin Kyuk-ho.

Shin Dong-joo, effectively the largest shareholder of the unlisted Lotte Holdings, requested the dismissal of Shin Dong-bin and other officials and his own reappointment at an extraordinary shareholders meeting this past March as well as a regular meeting in June. The proposals were voted down by a majority at both meetings.

BOC Aviation to buy five planes from Air China worth $1.5 billion at list prices www.reuters.com

Aircraft lessor BOC Aviation Ltd (2588.HK) said on Monday it would buy five new planes from Air China (601111.SS), worth a combined $1.5 billion at list prices, and would lease them back to the carrier.

Deutsche Bank defended by German firms www.bbc.com

Leading German firms have rushed to defend Deutsche Bank amid concerns over the troubled lender's financial health.
Executives from Siemens, Daimler, Munich Re and BASF told German newspaper Frankfurter Allgemeine Sonntagszeitung they backed the bank.
"We stand with Deutsche Bank," BASF chairman Juergen Hambrecht said.
Deutsche Bank is facing a $14bn ($11bn) fine in the US for mis-selling mortgage-backed bonds before the financial crisis of 2008.
Its shares fell sharply last week on fears the fine could cripple the bank, at one point dropping to their lowest level in 30 years.

India ratifies Paris climate agreement www.bbc.com

India, one of the world's largest greenhouse gas emitters, has ratified the Paris global climate agreement.
Under the deal, India has committed to ensuring that at least 40% of its electricity will be generated from non-fossil sources by 2030.
CO2 emissions are believed to be the driving force behind climate change.
Last December in Paris, countries agreed to cut emissions in a bid to keep the global average rise in temperatures below 2C.
The Paris deal is the world's first comprehensive climate agreement.
It will only come into force legally after it is ratified by at least 55 countries which between them produce at least 55% of global carbon emissions.
Prime Minister Narendra Modi announced last month that India would ratify the agreement on 2 October, the birthday of Mahatma Gandhi, the leader of the struggle for independence from Britain.
"India has deposited its instrument of ratification of the Paris Agreement with the United Nations," the UN said in a statement on Sunday.
The US and China - together responsible for 40% of the world's carbon emissions - both formally joined the Paris global climate agreement earlier this month.
India accounts for about 4.5% of global greenhouse gas emissions, and became the 62nd country to ratify the agreement.
The European Union is expected to do so in the near future, taking approvals past the 55% of emissions threshold.
Paris agreement: Key points
To keep global temperature increase "well below" 2C and to pursue efforts to limit it to 1.5C
To peak greenhouse gas emissions as soon as possible and achieve a balance between sources and sinks of greenhouse gases in the second half of this century
To review progress every five years
$100bn a year in climate finance for developing countries by 2020, with a commitment to further finance in the future
Once the deal comes into force, countries that have ratified it have to wait for a minimum of three years before they exit

AIIB to form international advisory panel www3.nhk.or.jp

The China-led Asian Infrastructure Investment Bank, or AIIB, is planning to ask former leaders from around the world to join an international advisory committee.

Germany's Merkel cannot afford to bail out Deutsche Bank: media www.reuters.com

German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank (DBKGn.DE) given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday.

Samsung: Have 'exploding' Galaxy Note 7s burned the brand? www.bbc.com

Samsung is resuming sales of its Galaxy Note 7 smartphones in South Korea following a safety recall. They are set to return to Europe on 28 October.
The company asked customers to return their handsets after some users reported their phone had "exploded" during or after charging.
The firm said that battery problems were behind phones catching fire.
Samsung had sold about 2.5 million Galaxy Note 7 devices across the world before the recall.
In South Korea about 80% of those sold have been returned to be replaced.
In Europe and North America the figure is lower but still way above 50%, according to company sources.
Samsung insiders say that 95% of the people returning their handset are opting to continue with a Samsung model. There is - they say - huge customer loyalty.
But there has clearly been a big cost, one on which a monetary value is impossible to determine exactly.
Tarnished
Firstly, Samsung has lost a month of its carefully planned sales pitch in the campaign against Apple and its new iPhone 7.
Secondly, the brand has been tarnished. Samsung has prided itself on making the most of its components. It doesn't outsource as much as its rivals do.
That boast of superior quality sounds hollower after the recall.
Thirdly, even if most of the offending phones have been returned and replaced, substantial numbers are still out there.
Airlines have presented passengers with a warning notice on check-in, saying the Galaxy Note 7 should not be checked in or switched on in the cabin even in flight-mode.
Will the airlines now lift the ban?
In the crucial Chinese market, the iPhone has a huge cachet. Samsung has been squeezed between Apple's offerings and Chinese phones.
Batteries that might catch fire won't have helped it in that competition.

Mercedes Races To Record $320 Million F1 Revenue www.forbes.com

The Mercedes Formula One team has revealed that its revenue last year accelerated 38.5% on 2014 to hit $316.1 million, its highest since the German auto manufacturer bought the outfit from former boss Ross Brawn in 2009.

The rise in revenue was fuelled by increased prize money payments from winning the championship in 2014 and signing a suite of sponsors including clothing company Hugo Boss, printer manufacturer Epson and technology firm Qualcomm.

It comes on the eve of Sunday’s Malaysian Grand Prix, where the team is expected to take a third consecutive championship further vindicating Mercedes’ strategy of giving its outfit an entrepreneurial core. Team boss Toto Wolff owns 30% of the outfit with 10% in the hands of non-executive chairman, former F1 champion Niki Lauda, and the remainder held by Mercedes.

The 44 year-old Mr Wolff is not just an experienced businessman but also a former driver which makes him ideally-placed to liaise with the three key divisions which drive an F1 team – commercial, sporting and engineering. Having a single decision-maker in the driving seat gives the team a streamlined reporting structure which has allowed it to operate like a speedboat in the world of F1 where success is down to quick decision-making. As Mr Wolff has a significant stake in the business, he is also incentivised to boost its fortunes. Testimony to this, Mercedes won its first F1 title in 2014, the year after Mr Wolff joined.

“We are in a very fortunate position because our key stakeholders understand our business. They know that if you try and run an F1 team like a corporate multinational, it doesn’t go. You need to be independent, agile and capable of taking quick decisions,” says Mr Wolff.

In contrast, the teams owned by rival manufacturers like BMW, Toyota and Honda were structured more like committees and it didn’t pay off. Toyota invested an estimated $2.1 billion in its F1 team but never won a single race over its eight-year time in the series which came to an abrupt end with the economic downturn in 2009.

Similarly, Honda only won one race as a team owner but had burned up around $1.4 billion by the time it bowed out in 2008. It has since returned to F1 but only as an engine supplier to the McLaren team which is currently languishing in sixth place. It couldn’t be much more of a different story for Mercedes.

In 2014 and 2015 Mercedes took both the teams’ title and won the drivers’ championship with Lewis Hamilton at the wheel and his team-mate Nico Rosberg coming second. But that’s just the start. Last year it notched up 12 one-two victories – a new record in F1 – with its drivers getting on the podium 32 times which was also more than any other pairing had previously achieved.

The team is on track to make history again this year as Mr Rosberg goes into Sunday’s Malaysian Grand Prix leading the standings ahead of Mr Hamilton by just eight points with his nearest rival, Red Bull Racing driver Daniel Ricciardo, trailing 86 points behind. These sustained results on track have made Mercedes a magnet for sponsors which in turn has driven its commercial success.

China's manufacturing activity expands again, non-manufacturing PMI rebounds www.xinhuanet.com

BEIJING, Oct. 1 (Xinhua) -- China's manufacturing Purchasing Managers' Index (PMI) stood at 50.4 in September, unchanged from August, while the non-manufacturing PMI increased to 53.7 from the previous month's 53.5, official data showed Saturday.