1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

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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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Russia ends oil pipeline service agreement with Ukraine www.rt.com

Moscow has ended the contract to maintain oil pipelines in Ukraine. The order was signed by Prime Minister Dmitry Medvedev and details published on the government website.
 
According to the 1995 agreement, oil pipelines passing through Ukraine were operated by subsidiaries of Russia’s oil transportation monopoly Transneft. However in February 2016, the Ukrainian section of the pipeline was sold to a Swiss-registered company, International Trading Partners AG.
 
Thus the Kremlin said further Russian participation in the agreement is "impractical.” The deal was approved by Russian and Ukrainian antitrust agencies at the end of 2015.
 
International Trading Partners AG is registered in St Gallen in Switzerland, and is controlled by German Anatoly Schaefer, Interfax agency reported. According to Ukrainian media UNN, Schaefer has Moscow residency, and the money for the transaction was kept in a Moscow bank.
 
Before the sale, the pipeline was the subject of litigation between Russia’s Transneft and Kiev. In March 2015, the Supreme Economic Court of Ukraine rejected the complaint from Transneft on Kiev’s decision to nationalize the section of the pipeline that runs through the country.
 
Transneft uses the pipeline to supply diesel fuel to Ukraine. In September, Ukraine imported 150,000 tons of fuel.
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Uniqlo owner slashes 2020 goal www3.nhk.or.jp

Fast Retailing, operator of the Uniqlo clothing chain, has given up a long-held goal to hit nearly 50 billion dollars in sales by 2020.

President Tadashi Yanai says that figure is out of reach. He's slashed the target to about 30 billion dollars.

The announcement came as Fast Retailing released its earnings report for the year through August. The company notched a sales increase of about 6 percent from the previous year in yen terms. But net profit was down more than 56 percent at about 460 million dollars.

Executives blame the strengthening yen, as well as poor sales of winter clothing over the colder months.

Yanai hopes to boost the company's fortunes through online sales.

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German top court backs EU-Canada trade deal Ceta www.bbc.com

Germany's Constitutional Court has rejected a legal challenge to the EU-Canada free trade deal (Ceta) from campaigners who call it undemocratic.
The campaigners object to the fact that parts of Ceta will be implemented before all national parliaments in the EU have voted on it.
EU trade ministers are to decide on Ceta next Tuesday. If they all approve it, the deal can be signed with Canada on 27 October.
Ceta would remove many trade barriers.
It would be the EU's most comprehensive trade deal to date, and the negotiations have taken seven years.
More than 125,000 people signed a petition organised by three activist groups aimed at blocking Ceta, the Comprehensive Economic and Trade Agreement. The groups are Compact, Foodwatch and More Democracy.
'Race to the bottom'
Opponents fear that Ceta will be used as a model to push through an even more controversial EU-US trade deal called TTIP, much of which remains to be negotiated.
The activists argue that Ceta and similar deals put job security and social welfare at risk, in a global "race to the bottom" that serves the interests of a wealthy elite.
Canadian Prime Minister Justin Trudeau warned on Thursday that "if Europe cannot manage to sign this agreement, then that sends a very clear message not just to Europeans but to the whole world that Europe is choosing a path that is not productive, either for its citizens or for the world, and that would be a shame".
German Economy Minister and Vice-Chancellor Sigmar Gabriel has battled to win his Social Democrats (SPD) round to Ceta. The SPD is in government with Chancellor Angela Merkel's Christian Democrats (CDU), who strongly support Ceta.

Mr Gabriel said he was happy with Thursday's court ruling. Ceta, he said, would act as "protection against having a bad deal with the US".
Some British politicians see Ceta as a good basis for a post-Brexit UK trade deal with the EU. The UK can vote for Ceta while it remains a full EU member.
Ceta does not involve EU-style free movement of labour. But for services - 80% of the UK economy - the Ceta terms are less favourable than what they have now.
Would Ceta be a good model for the UK?
The judges in Karlsruhe did not, however, exclude the possibility of Ceta hitting obstacles in Germany in future.
By signing Ceta, they said, the government can only fast-track the deal's EU-wide provisions. Areas of national responsibility - such as intellectual property, maritime transport and commercial arbitration - must await parliamentary approval.
A new Investment Court System (ICS) - one of the most controversial issues - cannot be set up until Ceta is ratified by all EU parliaments, they said.

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UNFAO to open Representative office in Ulaanbaatar www.news.mn

Ts.Jambaldorj, Mongolian Ambassador at UNFAO (UN Food and Agriculture Organization) presented his credentials to Director-General Jose Graziano da Silva yesterday (12th of October). Mario Lubetkin, Chef de Cabinet, Ms. Paola Dini, the chief of protocol and S. Dashvaanjil, embassy adviser also participated in the event. Following the ceremony, Ts.Jambaldorj and Jose Graziano da Silva discussed cooperation between Mongolia and UNFAO. At the meeting, Director-General Jose Graziano da Silva noted that FAO will be open a representative office in Ulaanbaatar. During the last seven years, the FAO has implemented many programmes and projects in Mongolia, focusing on forestry and the livestock sector.

Mongolia became a member of the Food and Agriculture Organization in 1974, and was accredited through the FAO Representative office in the People's Republic of China. The FAO Liaison Office in Mongolia was opened on 1 July, 2009.

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Tsetsii wind farm to power Mongolia www.news.mn

The development of a 25-turbine wind farm project in southern Mongolia will go ahead, with the support of a Danish company. The Tsetsii wind farm project, located in Mongolia’s Gobi Desert, will consist of 25 turbines to provide 50 megawatts of power to the country. Located approximately 540 km. south of Ulaanbaatar, the farm will aim to boost Mongolia’s renewable energy to 30 per cent by 2030.

Power from the Tsetsii wind farm is expected to go online by the end of 2017.

At present, Mongolia’s power-generation capacity from renewables sits at 7 per cent, mostly hydropower. The government has recently adopted sustainability measures including a new Green Development Policy and the Law on Energy Conservation and Efficiency.

A finance agreement struck between the shareholders of Clean Energy Asia LLC (CEA), the European Bank for Reconstruction and Development (EBRD) and the Japan International Cooperation Agency (JICA) will allow the wind farm development in the Gobi Desert to proceed.

The large-scale infrastructure project will be led by CEA.

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Silk Road Conference asserts Mongolia’s role in nomadic tourism development www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The International Silk Road Conference of Nomadic Tourism and Sustainable Cities, co-organized by the World Tourism Organization, the Ministry of Environment and Tourism of Mongolia and the World Cities Scientific Development Alliance opened on October 13 at the Tuushin Hotel of Ulaanbaatar. Opening addresses were given by the Speaker of Mongolian Parliament, Mr M.Enkhbold, the Minister of Environment and Tourism, Ms D.Oyunkhorol and the Executive President of WCSDA, Mr Dong Yangzhang.
 
Tourism is one of the most thriving industries of economy in this era of globalization, highlighted Mr Enkhbold. The sector creates millions of jobs, incepts intangible exports and waste-free productions, encourages investments, helps eradicating poverty and ensures stable economic growth, he went on.
 
This is a wonderful, the most peacemaking and sharing of all economic sectors, he underlined. Nowadays, tourists tend to be attracted to getaways from their civilized lifestyles for extraordinary cultures and pristine landscapes. This is an opportunity for some nations to exploit, said the Speaker.
 
The Speaker shared with the gathered that the government has set a goal to become a center of nomadic tourism, set out in the Concept of Sustainable Development until 2030.
 
According to the latest statistics, Mongolia hosts about 400 thousand tourist each year, which results in revenue of USD 263 million or 3.2 percent of the country’s GDP and 3.6 percent of total export.
 
Tourism in Mongolia created 50 thousand workplaces at home and ranks 99th place in the world and 19th in Asia-Pacific by competitiveness, the Speaker mentioned in his speech.
 
Minister D.Oyunkhorol said Mongolia is the home to nomadic tourism. It is impossible to argue with the fact that Mongolia has played a historic role in developing one of the world’s most ancient and important trade route called the Silk Road, which bridged peoples, ethnicities and scientific inventions. I am delighted at hosting this conference at home, said the Minister.
 
The government has been aiming to increase the number of tourists per year to one million by 2020, and the share of tourism revenue in the GDP to eight percent, she said.
 
The WCSDA Executive President Dong Yangzhang stressed Mongolia is a country of ancient history and culture, rich in biological and natural resources. Today’s tourism trend is to go back to the wild, and to experience the nomadic livestock herding culture in person. The Silk Road Conference is of historical significance in making Mongolia the hub of nomadic tourism development, he said.
 
The International Silk Road Conference has attracted over 350 delegates from 33 countries and international tourism organizations.
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China tops US in numbers of billionaires www.bbc.com

China's annual rich list has indicated that, once again, the country has more dollar billionaires than the US, and the gap is widening.
Property magnate Wang Jianlin of Dalian Wanda tops the list of 594 billionaires in the country, ahead of 535 billionaires in the US.
Alibaba's Jack Ma was second, with his wealth having risen 41% from last year.
The annual list is compiled by Shanghai publishers Hurun and often compared to the Forbes list in the US.
The Hurun Report's rich list is one of the most closely-watched and accurate assessments of wealth in China. The annual report has been published for the past 18 years.
Earlier this year, the publisher released a separate, global list, showing that the number of billionaires in China outnumbered those in the US for the first time.
However, none of China's super-rich make it into the global top 20.
Global reach
At the top of the China rich list is Wang Jianlin, who sits on a personal fortune of $32.1bn (£26.4bn).
His company Dalian Wanda has made headlines throughout the year with a number of high profile forays into the US movie markets. It has taken over Legendary Pictures, as well as stepping into US and UK cinema chains and striking an alliance with Sony Pictures.
Alibaba's Jack Ma is a close second with $30.6bn, and Pony Ma of internet and online gaming giant Tencent comes third with $24.6bn.
The biggest increase came from Yao Zhengua of investment and real estate firm Baoneng Group, whose wealth jumped by 820% to $17.2bn, putting him in fourth position.
Hurun chairman Rupert Hoogewerf said Mr Yao's rise illustrated a shift in China's maturing economy.
"Yao's financial investment model represents the new wave of wealth creation in China," he explained. "The first money made in China 20 years ago came from trading, followed by manufacturing, real estate, IT, and today it is about using the capital markets for financial investments."
Robin Li and Melissa Ma of search engine Baidu have a fortune of $14.7bn, ranked eighth while founder of smartphone makers Xiaomi, Lei Jun, dropped out of the top 10 to number 14 as competition in China's smartphone market intensified.
Most of China's billionaires live in Beijing, followed by Shenzhen, Shanghai and Hangzhou.
Globally, the Forbes rich list is topped by Microsoft founder Bill Gates with $75bn, followed by Amancio Ortega of Zara and legendary investor Warren Buffett.
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Sony puts VR headset for PlayStation 4 on sale www3.nhk.or.jp

Sony has put a virtual reality headset on sale worldwide for its PlayStation 4 game consoles. It is expected to heat up the global race in 3D technology for computer games.
 
The PlayStation VR was released in 42 countries and territories, including Japan, the United States and China, on Thursday. The headset is designed to plug into the game consoles.
 
The maker also put on sale 26 virtual reality games. Some allow users to take under-sea walks, or talk with game characters.
 
In Tokyo, customers flocked to a Sony store to attend a launch event. Many had reserved the device, which is priced at about 430 dollars at the current exchange rate.
One customer in his 30s said the device will bring him a completely new experience and he cannot wait to go home and play.
 
Sony Interactive Entertainment executive Atsushi Morita said VR technology has unlimited potential, such as allowing people who are too busy to make trips to enjoy virtual travel. He said now is the time to expand the market through competition among many makers.
 
Sony hopes to use its global sales network for home video-game consoles to expand its share of the VR game market. US and Taiwanese makers are currently in the lead.
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China approves around $20 billion in urban rail projects www.reuters.com

China's state planner has approved urban rail plans costing 133.9 billion yuan ($20.08 billion) in the cities of Urumqi and Xiamen, according to statements published on the National Development and Reform Commission website.
 
The projects were a 33.8 billion yuan plan for 41.8 kilometers (26 miles) of subway lines in the northwestern city of Urumqi, as well as a 100.1 billion yuan scheme for 224 kilometres of lines in the coastal city of Xiamen.
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Vietnam, India and the Philippines are Asia's new VIP stock markets www.asia.nikkei.com

HO CHI MINH CITY -- Toshifumi Sugimoto, senior executive officer of Capital Asset Management, started the morning of Sept. 23 in Ho Chi Minh City with a hasty call to a trader in Japan. He put in a buy order for as many shares of major Vietnamese IT company FPT as possible, having just learned that its foreign-owned stake was up for sale.

Forty years after reunification, Vietnam has made an international name for itself as a manufacturing powerhouse. But the ownership ratios for many Vietnamese companies are still capped at 49%, so when those stakes go up for sale, competition to snap them up is fierce. In the case of FPT, Sugimoto said, an instant decision was crucial. He was proved right: All 2 million shares being offered were sold before noon.

Triple strength

Surging interest from investors is a common feature of Asia's VIP markets -- Vietnam, India and the Philippines -- which are drawing greater attention as global growth continues to disappoint.

Much of the excitement about India comes from the sheer size of its market. The country has a population of 1.3 billion, and demand-oriented businesses, such as medicine and smartphones, are thriving. Narayana Hrudayalaya, which made an initial public offering in January, offers affordable medical services. Using prefabricated hospitals and other cost-cutting measures, the company can provide heart operations at prices that are around half the average in India. The company's share price has risen 30% since its IPO.

The Philippines, meanwhile, is taking advantage of having English as one of its official languages to nurture the business process outsourcing industry. With the growth of the middle class, "domestic demand-based industries such as infrastructure development and retail are rapidly growing," said Micaela Abaquita, an analyst at securities company CLSA Philippines.

One of the beneficiaries is real estate developer SM Prime Holdings. Its Mall of Asia shopping complex, located some 6km from central Manila, covers 420,000 sq. meters, making it one of the largest malls in Asia. SM Prime's revenue in 2015 stood at 71.5 billion pesos ($1.48 billion), up 8% on the year. Investors are buying into the developer's growth potential, pushing up its share prices by 30% since the start of the year.

The benchmark stock index in Manila hit its all-time high in July, while the key indexes in the other two VIP countries matched their year-to-date highs in September. This robust performance stands in sharp contrast to Tokyo, where it has fallen more than 10% since the end of December.

A big draw for investors is the growing spending power of consumers in the VIP markets. With per capita gross domestic product in the three countries nearing the $3,000 threshold, more and more people are able to afford cars, home appliances and other big-ticket items. The Philippines and Vietnam, though well behind India in terms of population, each have nearly 100 million people. The middle classes in all three countries are expected to continue expanding for decades to come, with an nearly immeasurable impact on the economy.

Changes in government are also expected to give a boost to economic development. Philippine President Rodrigo Duterte, who took office in June, promises to invest more in infrastructure. Although he makes headlines mostly for his incendiary comments and controversial war on drugs, investors have high hopes that he will be able to carry out what he has promised, said Masato Horie at Mitsubishi UFJ Research & Consulting.

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