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    

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

NEWS

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Japan, US, Australia urge peaceful resolution www3.nhk.or.jp

Japan, the United States and Australia have urged that disputes in the South China Sea be resolved peacefully.
 
Japan's Foreign Minister Fumio Kishida met with US Secretary of State John Kerry and Australian Foreign Minister Julie Bishop in Laos on Monday. It's the first strategic discussion among the 3 nations in nearly 3 years.
 
They agreed that the disputes should be resolved peacefully under the rule of law after an arbitration tribunal in The Hague this month rejected China's claims in the South China Sea.
 
The three also said they will urge China to adhere to international rules at a foreign ministers meeting of the East Asia Summit and a ministerial conference of the ASEAN Regional Forum on Tuesday.
 
They also issued a joint statement affirming close coordination to maintain peace and stability in the Asia Pacific region.
 
The statement said the 3 countries are opposed to any action that increases tension in the East China Sea. It also condemned North Korea's nuclear and missile development programs and called on Pyongyang to refrain from further provocation.
 
Kishida told reporters that Japan will work with the US, Australia and other countries at a series of meetings to be held on Tuesday.
 
He added that he will make clear that Japan is committed to upholding the rule of law in the region.
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Marissa Mayer hits out at 'gender bias' as Yahoo is sold for $5bn www.theguardian.com

Verizon agreed to buy Yahoo’s core internet business for $4.83bn (£3.62bn) in cash on Monday, marking the final chapter in the struggling fortunes of the fading web pioneer.
 
Marissa Mayer, Yahoo’s chief executive officer, has faced a barrage of criticism over her tenure. She hit out at “gender-charged” reporting in an interview with the Financial Times after the sale.
 
“I’ve tried to be gender-blind and believe tech is a gender-neutral zone but do think there has been gender-charged reporting,” she said. “We all see the things that only plague women leaders, like articles that focus on their appearance, like Hillary Clinton sporting a new pantsuit. I think all women are aware of that, but I had hoped in 2015 and 2016 that I would see fewer articles like that. It’s a shame.”
 
Verizon, the US’s largest telecommunications company by subscribers, will combine Yahoo with another fallen giant of the first internet age, AOL, which it bought last year for $4.4bn.
 
After the deal, expected to be complete in 2017, Yahoo will be left as a holding company for its valuable stakes in web businesses in China and Japan. Yahoo has a 15% stake in the Chinese e-commerce company Alibaba and a 35.5% interest in Yahoo Japan.
 
“The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo,” Mayer said in a statement on Monday.
 
Founded in a Stanford University dorm room in 1994 by Jerry Yang and David Filo as “Jerry and David’s Guide To The World Wide Web”, Yahoo grew rapidly through the 1990s to become one of the pre-eminent internet companies of its generation.
 
Offering email, news, shopping and search, Yahoo went public in 1996, with its share price soaring 154% on day one. In January 2000, Yahoo was valued at $125bn. But the company failed to keep pace with the changing tech landscape as Google came to dominate search and Facebook social media.
 
Microsoft launched a $44.6bn hostile bid for Yahoo in 2008. On Monday, the company was valued at $37bn while Google’s parent company, Alphabet, was valued at $518bn and Facebook at $349bn.
 
The new generation of tech companies have also outstripped Yahoo. Mayer’s company may still have more than one billion active monthly users but Verizon’s price is less than a quarter of Snapchat’s current valuation.
 
Yahoo will continue as an independent company until the deal receives shareholder and regulatory approval, the companies said.
 
The sale is an ignominious end to Mayer’s plans to turn Yahoo around. Mayer, a highly rated Google executive, joined Yahoo in July 2012. Before her arrival the company was in disarray and had had four CEOs in three years.
 
Mayer promised a “renewed focus on product innovation to drive user experience and advertising revenue”. But shareholders lost faith in her after a wild spending spree in which she tried to build Yahoo’s content business by adding the blog site Tumblr, for $1.1bn, and signed deals with TV news anchor Katie Couric and the National Football League that failed to pay off.
 
In a Tumblr blogpost, Mayer said she planned to stay at Yahoo, but Verizon’s Marni Walden, who will head the combined company, told CNBC the new leadership team had yet to be determined.
 
Should Mayer be forced out, she is in for a payoff of $137m. Yahoo’s boss has already taken home $78m since she was installed as CEO, according to the stock analytics firm MSCI. Based on the terms of the company’s most recent proxy statement, she will take home another $59m if she’s dismissed from the company after a buyout.
 
Some commentators were skeptical about the combined power of AOL and Yahoo. John Colley, a professor at Warwick Business School, said the merger was an alliance of two weak companies unlikely to form a single strong one. “Technology history is littered with the remnants of once all-powerful businesses – take Nokia and RIM, makers of the Blackberry,” Colley said. He said it was difficult to see how Verizon would benefit from this acquisition.
 
The sale does not include Yahoo’s cash, its shares in Alibaba, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments and Yahoo’s non-core patents.
 
The Alibaba and Yahoo Japan investments are worth about $40bn, while Yahoo had a market value of about $37.4bn as of Friday’s close.
 
Verizon prevailed over rival bidders for Yahoo, including AT&T; a group led by the Quicken Loans founder Dan Gilbert and backed by the billionaire Warren Buffett; the private equity firm TPG Capital; and a consortium of buyout firms, Vector Capital and Sycamore Partners.
 
The telecoms company is hoping that a combined AOL and Yahoo will create a strong third player to compete with Alphabet and Facebook for online revenues.
 
 
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Amazon gets permission from UK to explore drone deliveries www.reuters.com

Amazon.com Inc said on Monday it has entered into a partnership with the British government to speed up the process for allowing small drones to makes deliveries.
 
The world's biggest online retailer, which has laid out plans to start using drones for deliveries by 2017, said a cross-government team supported by the UK Civil Aviation Authority had provided it with the permissions necessary to explore the process.
 
Amazon unveiled a video last year showcasing how an unmanned drone could deliver packages, narrated by former Top Gear TV host Jeremy Clarkson.
 
The U.S. Federal Aviation Administration said last month the use of drones for deliveries will require separate regulation from their general use.
 
Wal-Mart Stores Inc said last month it was six to nine months from beginning to use drones to check warehouse inventories in the United States.
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Russian Government to Allocate $1.5 Bln to Highway in Crimea www.themoscowtimes.com

The Russian government has decided to allocate 100 billion rubles ($1.5 billion) to building a highway connecting the capital of Crimea, Simferopol, to the town of Kerch, the Slon news website reported Monday. The highway, named Tavrida, is set to be opened by 2020.
 
“Last week, not without problems and debates, we found funds necessary to build the highway. The sum is significant – more than 100 billion rubles — and it requires special attention,” Prime Minster Dmitry Medvedev said, Slon reported.
 
The highway project is not the only major infrastructure development in Crimea. The Kerch bridge, a 19-kilometer dual road-rail bridge to connect Crimea with Russia's Krasnodar region, is also underway in the region. The project, which is currently scheduled for completion in 2018, will ensure that the disputed peninsula is accessible by car and train directly from Russia. The bridge is set to cost a total of 212 billion rubles ($3.25 billion) and is hoped to ultimately join up to the Tavrida highway.
 
President Vladimir Putin visited the construction site in March this year, and promised to “hang” anyone responsible for the project's possible late completion.
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Industrial production advances slightly in first two quarters www.montsame.mn

Ulaanbaatar /MONTSAME/ The industrial production index (seasonally adjusted) was 147.1 (2010=100) in June 2016 which increased by 3.1 percent against the end of May, and by 10.9 percent compared with the same period of the previous year.

In the mining and quarrying sectors, the extraction of products such as iron ore, coal, molybdenum with concentrate, crude oil, copper with concentrate and gold increased by 3.6 percent to 78.4 percent and in the manufacturing sector the output of products such as bakery, wooden doors and windows, cathode copper (99%), soft drinks, spirit, alcoholic beverages, sausages, railway sleepers, electric wires, printing plastic cards increased by 1.2 percent - 2.2 times against the same period of the previous year.

However, extraction of products such as zinc concentrate, fluorspar concentrate, broken or crashed stone decreased by 6.2-50.3 percent.

In the manufacturing sector, production of major consumer products such as beer, buuz and dumpling, metal sleepers, lime, cement, articles of iron concrete, sawn wood, windows and doors, metal steel, metal foundries and steel casting decreased by 0.6-96.1 percent.

Construction and capital repair works’ volume in the first half of 2016 declined by MNT 276.0 million or 0.04 percent compared with the same period of last year. The decrease was mainly due to the slack of MNT 19.9 billion or 61.0 percent in the works done by foreign construction entities.

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Yahoo sold to US telecoms giant Verizon www.bbc.com

US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash.
Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year.
The deal does not include Yahoo's valuable stake in Chinese firm Alibaba.
The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom.
Verizon said the deal for Yahoo's core internet business, which has more than a billion active users a month, would make it a global mobile media company.
The end of Yahoo: Why Verizon spent big
Marissa Mayer, chief executive of Yahoo, said: "Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL."
In an email to staff, Ms Mayer said she was "planning to stay", adding: "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter."

AOL chief executive Tim Armstrong said the deal was about "unleashing Yahoo's full potential", and creating a major player in mobile media.
Together they will have more than 25 brands, including Yahoo Mail, Flickr and Tumblr as well as AOL's Huffington Post and Techcrunch news sites.
Ms Mayer, who took the helm in 2012, has made little progress in returning the company to profit.
Last week the firm reported a $440m loss in the second quarter, but said the board had made "great progress on strategic alternatives".
Verizon and Yahoo were reported on Friday to be in exclusive talks over a deal.

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Copper price pulls back on rising USD www.mining.com

North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.
 
As the Dow, the S&P 500 and the Nasdaq indices all finished up, copper for September delivery on the Comex in New York slumped 2.6 cents or 1.2 percent to $2.23 a pound. Gold was down 0.67% to $1,322.39 an ounce, along with silver, which fell under the $20 an ounce mark to $19.64 – a 0.76% drop.
 
The kick in stock markets echoed greater confidence in the U.S. economy, measured by the U.S. dollar strength. The greenback ended the week at 97.49 on the dollar index, which is the highest it's been since March 9. The higher dollar comes on the back of data showing less Americans are filing unemployment benefits and that confidence among homebuilders is at a 9.5-year high. A higher dollar makes copper, and other commodities denominated in U.S. dollars, less affordable to purchasers in countries paying with other currencies.
 
In the United States the flash PMI – an advanced monthly indicator that reflects responses to a survey of purchasing managers in manufacturing – for July was 52.9, bettering expectations. Signs of a resurgent U.S. economy weighed on the copper price – despite the International Copper Study Group saying last week that the copper market had swung to 109,000-tonne deficit in April compared to a surplus in April 2015 – since that would indicate the U.S. Federal Reserve may hike interest rates again.
 
China, the world's top consumer of the metal, imported 22 percent more copper in the first half of 2016 compared to H1 2015. While that trend would appear to support the copper market, some analysts predict the good news is unlikely to continue for copper. Barclays Bank said on Friday that while copper prices averaged $4,692 a tonne during H1, 6% higher than the bank's forecast, it predicts the red metal will trade at about $4,150 a tonne throughout the second half, due to slowing Chinese demand. That would be 16.4% below the three-month forward prices on Friday of $4,965 per tonne, according to Metal Bulletin.
 
Copper hit a seven-week high on June 28, driven by growing expectations of monetary stimulus, a weakening US dollar and slightly more steady global markets following the Brexit vote.
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ALibaba’s Jack Ma visiting Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ Founder and executive chairman of the Alibaba, a family of successful internet business, Mr Jack Ma is visiting Mongolia at the invitation of Asashyoryu D.Dagvadorj. He arrived on July 24, and is to give a lecture at the Shine Mongol high school for young people on July 27.

On Monday, the 68th grand champion of professional sumo “Asashyoryu” Dagvadorj posted about this on Twitter.

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Nintendo shares plunge on Pokemon profit warning www.bbc.com

Shares in Japanese gaming giant Nintendo have fallen sharply after the firm said Pokemon Go's success would have a limited impact on its earnings.

Nintendo shares dropped by over 15%, after they more than doubled in value since the 6 July game launch.

Pokemon Go was developed by US firm Niantic and Nintendo said profits from licensing and fees would be limited.

The fall came as Japanese shares overall opened with solid gains boosted by strong US trading last week.

Friday saw the S&P 500 reach a record high shrugging off poor earnings results.

Tokyo's Nikkei 225 index was 0.9% higher at 16,776.55 with investors also pinning their hopes on a fresh round of stimulus from the Bank of Japan later this week.

In China, Hong Kong's Hang Seng was up 0.2% at 22,017.14 while the mainland Shanghai Composite remained flat in early trade.

In South Korea, the benchmark Kospi edged up 0.4% to 2,017.51 points.

Australia's ASX/200 rose by 0.6% to 5,532.40 points.

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Monthly economic report warns of Brexit impact www3.nhk.or.jp

The Japanese government kept its economic assessment unchanged in July, but warns of rising uncertainties following Britain's decision to leave the European Union.

The monthly report by the Cabinet Office says the Japanese economy is on a moderate recovery, while weaknesses have recently been seen.

Officials kept their assessments unchanged for most component items. They say private consumption is almost flat, while business investment is picking up.

But business sentiment was downgraded. The report says companies are becoming cautious, due to a stronger yen and increasing uncertainties in overseas economies.

Following the Brexit vote in June, the report calls for vigilance against rising economic uncertainties, as well as to the effects of financial market volatility.

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