1 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      2 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      3 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      4 BANK OF MONGOLIA PURCHASES 281.8 KILOGRAMS OF PRECIOUS METALS IN MARCH WWW.MONTSAME.MN PUBLISHED:2025/04/02      5 P. NARANBAYAR: 88,000 MORE CHILDREN WILL NEED SCHOOLS AND KINDERGARTENS BY 2030 WWW.GOGO.MN PUBLISHED:2025/04/02      6 B. JAVKHLAN: MONGOLIA'S FOREIGN EXCHANGE RESERVES REACH USD 5 BILLION WWW.GOGO.MN PUBLISHED:2025/04/02      7 185 CASES OF MEASLES REGISTERED IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2025/04/02      8 MONGOLIAN JUDGE ELECTED PRESIDENT OF THE APPEALS CHAMBER OF THE ICC WWW.MONTSAME.MN PUBLISHED:2025/04/01      9 HIGH-PERFORMANCE SUPERCOMPUTING CENTER TO BE ESTABLISHED IN PHASES WWW.MONTSAME.MN PUBLISHED:2025/04/01      10 LEGAL INCONSISTENCIES DISRUPT COAL TRADING ON EXCHANGE WWW.UBPOST.MN PUBLISHED:2025/04/01      УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     Н.УЧРАЛ: Х.БАТТУЛГА ТАНД АСУУДЛАА ШИЙДЭХ 7 ХОНОГИЙН ХУГАЦАА ӨГЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/02     “XANADU MINES” КОМПАНИ "ХАРМАГТАЙ" ТӨСЛИЙН ҮЙЛ АЖИЛЛАГААНЫ УДИРДЛАГЫГ “ZIJIN MINING”-Д ШИЛЖҮҮЛЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ТӨМӨР ЗАМЫН БАРИЛГЫН АЖЛЫГ ЭНЭ САРЫН СҮҮЛЭЭР ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/02     “STEPPE GOLD”-ИЙН ХУВЬЦААНЫ ХАНШ 4 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ҮЙЛДВЭРЛЭЛИЙН ОСОЛ ӨНГӨРСӨН ОНД ХОЁР ДАХИН НЭМЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/04/01    

Category

Events

Events

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

NEWS

64x64

Jack Ma: Wars start when trade stops www.cnn.com

Jack Ma has a warning for those who see globalization as a problem: When trade stops, wars can follow.
"We should keep on going along the path of globalization," Ma said Friday in Hangzhou, China. "Globalization is good... when trade stops, war comes."
The executive chairman of Alibaba (BABA, Tech30) said he hopes the anti-globalization fervor that currently grips much of the world will ease after U.S. elections in November. China, in particular, has been a target of heated rhetoric.
"Every time there's an election, people start to criticize China. They criticize this, they criticize that," Ma told CNN's Andrew Stevens. "[But] how can you stop global trade? How can you build a wall to stop the trade?"

G20 leaders are preparing to meet this weekend in Hangzhou, the city where Ma founded his e-commerce giant in 1999. Trade -- and globalization -- are likely to be major topics of discussion.
For his part, the 52-year-old Ma believes that globalization hasn't gone far enough. He said international trade must now be improved so that more people can enjoy its benefits.
Ma is hoping to pitch G20 leaders on an electronic world trade platform, or e-WTP, that would help small businesses expand their customer base globally, the way multinational corporations have been able to. It would also help eliminate tariffs, inspections and other red tape that can trip up mom and pop shops.
"We need solutions for young people to leverage the technology we have, so they can buy anywhere, sell anywhere, trade anywhere," he said. "If you want to get involved, just join."

The first G20 summit was held in 2008. The annual confab of the world's 20 largest economies has a mixed record on producing meaningful policy results, but Ma said the summit is a "great opportunity" for politicians to listen to business leaders.
"Every government says they love small businesses but what have they done for them?" Ma asked. "We should pull down all the barriers."

...


64x64

Samsung issues recall for Galaxy Note 7 after battery fires www.reuters.com

Samsung Electronics Co Ltd (005930.KS) will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets, a devastating blow for what had been a revival in the firm's mobile business.

Koh Dong-jin, head of the South Korean company's smartphone business, spoke at a news conference jam-packed with reporters and cameras where he expressed regret at the recall, which will affect markets including South Korea and the U.S. - but not China, where models feature a different battery.

The announcement on Friday comes just over two weeks since the premium device's launch, and follows reports of the 988,900 won ($885) phone igniting while charging.

The executive, who declined to comment on the number of phones needing replacement, said Samsung had sold 2.5 million of the premium devices so far. The manufacturer plans to replace not only phones with faulty batteries sold to consumers, but also retailer inventories and units in transit.

"I can't comment on exactly how much the cost will be, but it pains my heart that it will be such a big number," Koh said.

The scale of the recall is unprecedented for Samsung, which prides itself on its manufacturing prowess. While recalls in the smartphone industry do happen, including for rival Apple Inc (AAPL.O), the nature of the problem for the Galaxy Note 7 is a serious blow to Samsung's reputation, analysts said.

Analysts said the firm must act quickly to minimize damage to its smartphone recovery, after a string of product successes had reversed a fall in market share at the world's biggest smartphone vendor.

The firm has said it aimed for the Note 7 to maintain strong sales momentum in the second half of the year against stiffening competition from the likes of Apple Inc (AAPL.O), which is widely expected to release its latest iPhone next week.

"I am concerned more about a potential reduction in sales than recall costs," said analyst Jay Yoo at Korea Investment & Securities. "The recall is likely to be a blow to earnings."

Samsung said new sales of the Note 7 in affected markets would resume after it deals with replacements, a process it expects will begin in about two weeks. The firm would extend refund periods for affected customers and offer exchanges for other Samsung phones, Koh said.

Investors sold Samsung shares after the delay announcement on Thursday, stripping about $7 billion from the firm's market value. Sentiment recovered somewhat in Friday trade as the shares rose 0.6 percent compared with 0.3 percent in the broader market .KS11.

Credit Suisse said a recall or major shipment delays could wipe 1.5 trillion won ($1.34 billion) from Samsung's 2016 operating profit estimate of 30.2 trillion won in an "absolute worst case" scenario.

But the brokerage said that scenario was unlikely, as it expected Samsung to resolve problem before the fourth quarter of the year.

HI Securities analyst James Song said the replacement costs may be somewhat limited as Samsung could recycle components of the recalled phones save the battery.

"It is clever for Samsung to replace the affected models, not offering fixes. That helps enhance consumer confidence and help reduce potential falls in future sales," he said.

Hyundai Securities also said in a report on Thursday that the Note 7 problem should be resolved within "a few weeks". The brokerage retained its third-quarter operating profit forecast of 8.5 trillion won.

Samsung's mobile division accounted for about 54 percent of the firm's January-June operating profit of 14.8 trillion won.

($1 = 1,117.4300 won)

(This version of the story has been corrected to add dropped text in the second paragraph)

(Reporting by Se Young Lee; Additional reporting by Hyunjoo Jin; Editing by Stephen Coates and Christopher Cushing)

...


64x64

Uniqlo opens regional flagship store in Singapore www.nhk.or.jp

Japan's casual clothing chain Uniqlo has opened one of its biggest Southeast Asian stores in Singapore.

About 2,000 shoppers lined up before Friday's opening of Fast Retailing Company's regional flagship store.

The 2,700-square-meter outlet is one of Uniqlo's largest stores in Southeast Asia. It stocks 500 products, nearly as many as the company's Ginza flagship outlet in Tokyo.

A woman in her 20s who has often shopped at other Uniqlo branches said she's surprised with the size of the new shop. She added that she's glad to see items that she cannot find at other stores.

Uniqlo operates more than 120 outlets in 5 Southeast Asian countries, including Thailand and Indonesia. The new Singapore store is its first international flagship outlet in the region.

Fast Retailing Chairman Tadashi Yanai said his company wants to triple its sales in Southeast Asia over the next 5 to 10 years. Economic growth continues in the region.

 
 
 
...


64x64

World Bank issues SDR bonds in China www.nhk.or.jp

The World Bank has issued landmark bonds denominated in so-called special drawing rights, or SDR, for the first time in China. The move is aimed at pushing the country's financial markets toward greater openness.

The SDR is a reserve currency administered by the International Monetary Fund. The value of SDRs is based on the US dollar, the euro, the pound, the yen and, starting next month, China's yuan.

The bonds' total value is to be 500 million SDRs, or nearly 700 million dollars. They are to be traded in yuan on the Chinese interbank market.

A group jointly set up by financial institutions in China and foreign banks including Japan's Tokyo-Mitsubishi UFJ, is to handle the bonds.
By issuing the bonds, the World Bank hopes to offer more means to secure funds, and urge China to integrate into the global financial system.

An NHK reporter says China is keen to show its willingness to work toward financial reform, as the country is to host its first G20 summit next Sunday in Hangzhou.

...


64x64

Putin calls for global oil output freeze www.rt.com

Despite the failure of talks in April, Russia hasn’t given up on the idea of a global oil production cap, President Vladimir Putin told Bloomberg at the Eastern Economic Forum in Vladivostok.

“From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise. I am confident that everyone understands that. We believe that this is the right decision for world energy,” Putin said in the interview.

Talks on a production freeze between Russia and OPEC collapsed in April, after Saudi Arabia demanded that their economic and political rival Iran be part of the deal. However, Russia is still seeing the production cap as possible.

“I would very much like to hope that every participant of this market that’s interested in maintaining stable and fair global energy prices will in the end make the necessary decision,” said Putin. Prince bin Salman “is a very reliable partner with whom you can reach agreements, and can be certain that those agreements will be honored,” he added.

Putin is meeting Saudi Deputy Crown Prince Mohammed bin Salman at the G20 summit in China next week.

“Our Saudi partners at the last moment changed their view. We didn’t reject the idea of freezing output. Our position hasn’t changed,” said the Russian President.

According to Putin, Iran has a right to return its oil market share after the sanctions against its energy sector were lifted.

“Iran is starting from a very low position, connected with the well-known sanctions in relation to this country. It would be unfair to leave it on this sanctioned level,” he said.

In April, Tehran categorically refused to cut production, aiming to return to its pre-sanction output level of 4 million barrels per day. Recent data from Iran has shown the Islamic Republic is approaching the goal, and has softened its stance on the possible output freeze deal with Russia and Saudi Arabia.

Analysts from Commerzbank and Citi have warned that the output cap rather than a production cut wouldn’t make any significant difference to the market suffering from oversupply. Saudi Energy Minister Khalid Al-Falih said last week the freeze would be "positive", but no “intervention of significance” is needed, as the market is rebalancing by itself.

While the era of low oil prices continues, Russia is still heavily dependent on crude exports. Moscow has been trying to diversify the economy by putting more effort into agriculture and other non-energy sectors.

On Friday, Brent crude was trading at $45.71 per barrel while US benchmark WTI was at $43.36.

...


64x64

Exclusive: Google shelves plan for phone with interchangeable parts - sources www.reuters.com

Alphabet Inc’s (GOOGL.O) Google has suspended Project Ara, its ambitious effort to build what is known as a modular smartphone with interchangeable components, as part of a broader push to streamline the company's hardware efforts, two people with knowledge of the matter said.
 
The move marks an about-face for the tech company, which announced a host of partners for Project Ara at its developer conference in May and said it would ship a developer edition of the product this autumn.
 
The company’s aim was to create a phone that users could customize on the fly with an extra battery, camera, speakers or other components.
 
A spokeswoman for Google declined to comment on the matter.
 
While Google will not be releasing the phone itself, the company may work with partners to bring Project Ara’s technology to market, potentially through licensing agreements, one of the people with knowledge of the matter said.
 
Axing Project Ara is one of the first steps in a campaign to unify Google’s various hardware efforts, which range from Chromebook laptops to Nexus phones. Former Motorola president Rick Osterloh rejoined Google earlier this year to oversee the effort. Google sold Motorola Mobility to Lenovo Group in 2014.
 
Modular smartphones have generated great enthusiasm in the tech community for their potential to prolong the lifespan of a device and reduce electronic waste. But the devices are difficult to bring to market because their interchangeable parts make them bulky and costly to produce, said analyst Bob O’Donnell of TECHnalysis Research, adding that he was not surprised to see Google halt the project.
 
“This was a science experiment that failed, and they are moving on,” he said.
 
Project Ara was one of the flagship efforts of Google’s Advanced Technology and Projects group, which aims to develop new devices, but it had various stops and starts.
 
Last year, the company shelved plans to sell the modular phone in Puerto Rico with Latin American carriers.
...


64x64

Mongolia-Russia-China Economic Forum 2016 approaches www.en.montsame.mn

Ulaanbaatar /MONTSAME/ In the vision of promoting the Belt and Road Initiative, Erenhot of the Inner Mongolia Autonomous Region of China will be hosting the approaching Mongolia-China-Russia Economic Forum and trade fair. The Ninth Mongolia-China-Russian Economic Forum will be organized under a theme “Establishing economic corridor and promoting coherent development”.

The event aims to support the trilateral trade partnership, humanitarian exchange, cultural tourism and cross-border regional economic cooperation. Along with the official high-level meeting, side events and conferences will be held on the cross-border logistics, electronic trades, tourism, culture and education and cooperation in banking finance innovation.

In the economic forum, Mongolia will be represented by delegates from some 40 companies, while 270 entities are taking part I the exhibition. The previous year’s theme was “Promoting Silk Road Economy and Establishing Economic Corridor”.

Russia and China are the main trade partners for Mongolia. The country has made exports worth USD 2.5 billion, of which 1.2 percent went to Russia and 85 percent to China, as of the end of July. As of the imports (USD 1.8 billion), Mongolia imported 24.5 percent from Russia and 33 percent from China, according to the National Statistics Office.

...


LG Elec says to partner with Amazon on smart homes www.asia.nikkei.com

SEOUL (Reuters) -- South Korea's LG Electronics Inc said on Friday it is partnering with Amazon.com Inc on smart-home services, enabling the U.S. company's services such as the Alexa virtual assistant on some of the electronics maker's devices.
 
LG said in a statement Alexa will work with its SmartThinkQ Hub, an LG device used to connect with home appliances over the internet, to allow users to control the South Korean firm's home appliances via voice-recognition technology.
 
It would add Amazon.com's Dash feature on its SmartThinQ Sensors, which enabled so-called "smart" features on appliances that cannot communicate with other devices on their own, to allow users to quickly order household items such as laundry detergent or drinks.
 
"We will work with a wide range of partners to deliver differentiated smart-home solutions to customers," said Jo Seung-jin, head of LG's appliances business, in the statement.
...


64x64

Sony sees 'internet of things' as fertile ground www.asia.nikkei.com

BERLIN -- As Sony sees it, selling individual electronics will no longer keep the company competitive. The future is in services that generate recurring revenues, and the "internet of things" will form a big part of that strategy.
 
The Japanese electronics company's new business model is on display at the ongoing IFA Berlin trade show, one of the world's biggest for consumer electronics and home appliances.
 
One example is the Xperia Ear, which will hit the market in November. More than just an earpiece for listening to a smartphone, the device serves as something of a "personal assistant" that processes voice commands for controlling smartphones.
 
Equipped with a microphone and Bluetooth for wireless communication, the Xperia Ear lets users not only make calls and listen to messages while the smartphone is tucked away in a pocket, but also launch smartphone apps with voice commands and tilts of the head. A smartphone incorporating artificial intelligence could recognize words and even mannerisms, providing the means for bidirectional communication between users and their phones, explained Sony Executive Vice President Hideyuki Furumi, speaking at a press conference at IFA Berlin on Thursday.
 
Devices geared toward internet of things dominate Sony's exhibit at the Berlin trade show. It touts a dedicated device that lets users direct smartphones and other gadgets and appliances with their voices, and a projector that presents a display on the wall that users can touch to operate their smartphones.
 
Why is Sony putting so much emphasis on the internet of things? Because there is a limit to the revenue that can be generated through the one-time sale of products that must compete with rival offerings based on features alone. Sony's new focus is on the recurring revenue streams that come with subscription services, and it sees the internet of things as a rich platform for offering such services.
 
Sony learned a hard lesson last decade when its pioneering online music delivery service was overshadowed when Apple's iPod hit the scene with a vast selection of music titles. Taking that defeat to heart, it now offers a wealth of music and movies accessible via its PlayStation game consoles. Its game and network services segment is flourishing. For the year ended in March, operating profit in this business surged 84% to 88.7 billion yen ($859 million).
 
The success of a recurring-revenue business hinges on building a large subscriber base. The devices that Sony is introducing at IFA Berlin have the potential to link with appliances and other equipment in the home, and not just with Sony products but with products of other manufacturers as well.
 
Sony is shifting to the kind of "open" strategy that can expand the base of customers for its services. It is considering a partnership in the smart home business with a subsidiary of Tokyo Electric Power Co. Holdings, and plans to launch a service to confirm the well-being of the elderly with Nestle Japan using networked coffee machines. In addition, it is considering using a Yahoo app to control appliances via smartphone.
 
Rivals like Japan's Panasonic and South Korea's Samsung Electronics are also pouring money into the internet of things, so Sony knows it must aggressively incorporate new ideas. "What's happening now resembles what took place when the internet first debuted. Given the mountain of services for the internet of things, there is bound to be a shakeout," noted one Sony executive.
...


64x64

Czech-Mongolia Business Forum www.mongolianbusinessdatabase.com

His Excellency Miloslav Stashek, Deputy Minister of Foreign Affairs of the Czech Republic and representatives of Czech companies active in business fields as uranium survey and exploration; waste water treatment plant; international freight forwarding; European insurance; equipment, machinery and products importing; rescue and fire fighting systems; road construction and maintenance; Central and Eastern Europe, Asian natural resources and energy exploration and processing projects investment companies are going to visit Mongolia in September this year. During their visit Czech-Mongolia business meetings will be organized on 13th of September in Darkhan city and 14th of September in Ulaanbaatar city.
Please register at 99995846 for Business forum in Darkhan and 312501 for Business Forum in Ulaanbaatar.

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook