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    

Events

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

NEWS

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Poland doesn’t want Nord Stream-2 pipeline, but wants the gas www.rt.com

Despite being one of the main opponents of Russia’s Nord Stream-2, Poland is interested in pumping 11 billion cubic meters of gas per year from the pipeline, Gazprom said on Thursday.

According to Gazprom Deputy Chairman Aleksandr Medvedev, Warsaw has bid for 11 billion cubic meters of Russian gas coming through the projected Nord Stream-2 pipeline.

Medvedev added that even though Nord Stream-2 will significantly increase gas reverse supplies through Poland, its antitrust authorities will delay the decision to ratify the pipeline and “send new demands that have nothing to do with the matter.”

The contract to deliver Russian gas to Poland expires in 2022. Medvedev said Gazprom offered to extend it by 25-30 years, but has received no reply. He added that Poland is harming itself and annoying Europe.

Poland is pumping 30 billion cubic meters of Russian gas per year, and Gazprom has offered the same volume in the new contract, said the deputy chairman. However, the new contract can’t be signed under the old conditions as EU laws have changed.

A gas contract auction for the pipeline’s future capacity will be held next year, according to Medvedev. Besides Poland, there are other bidders, but he refused to name them.

The Nord Stream-2 gas pipeline is expected to provide an additional direct route for Russian natural gas to Germany via the Baltic Sea bypassing Ukraine. It will deliver up to 55 billion cubic meters of gas per year, doubling the supplies through the existing Nord Stream pipeline.

Russia’s Gazprom holds a 50 percent stake in the project. The other 50 percent is divided equally between Royal Dutch Shell, Germany’s E.ON and BASF, Austria’s OMV and France’s Engie.

In March, Poland, Latvia, Estonia, Lithuania, Hungary, Romania, Slovakia, and the Czech Republic sent a letter to the European Commission President Jean-Claude Juncker, saying Nord Stream-2 could pose risks to energy security in Central and Eastern Europe.

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Counting under way in UK's historic referendum on EU membership www.bbc.com

Counting is under way in a referendum that will decide whether the UK remains a member of the European Union.
The counting is taking place at centres around the UK in a vote widely seen as too close to call.
There is no exit poll - so the millions who cast a ballot will have to wait until results start coming in to find out how the country voted.
Flash floods in the South of England disrupted voting and led to some polling stations being relocated.

Gibraltar was the first to declare a result with 96% of voters in the British overseas territory backing Remain. A big Remain win had been predicted in Gibraltar amid concerns about its border with Spain.
An online survey taken on polling day of 5,000 people by YouGov suggests the Remain side running at 52% of the vote, to Leave's 48%. Ipsos Mori have released polling from Thursday and Wednesday suggesting Remain will get 54% and Leave 46%.
Ukip leader Nigel Farage has told the Press Association the Remain camp has won based on "what I know from some of my friends in the financial markets who have done some big polling".
The referendum result, which should be known by breakfast time on Friday, could be a turning point in the UK's relationship with Europe and the rest of the world.
If the UK becomes the first country to exit the EU it will arguably be the biggest blow to the 28-nation European Union since its formation.

A vote to remain would see Britain gain exemption from "ever closer" political union and other concessions secured by Prime Minister David Cameron in a renegotiation of the country's membership terms.
It should become clear which way the vote has gone by the early hours of Friday morning but if it is as close as the final opinion polls of the campaign suggested, it may take until closer to 07:00 BST (06:00 GMT) for the result.
Many polling stations in the South East of England reported high turnouts despite bad weather, so declarations could be later than previously expected.
Results predicted for between 0200 BST and 0300 BST could be put back an hour or two, it was being suggested, in some parts of the region.
There were also concerns that some commuters stranded in London because of chaos on the railways might not have got home in time to vote.

They characterised themselves as the plucky underdogs, in with a shout, but certainly the real outsiders.
But, in part by using that status, indeed building a narrative of the people versus the elites, they have got themselves to a position where they might end up on the winning side.

The pound surged against the dollar after polls closed at 22:00 BST and the YouGov poll suggesting a Remain victory.
A record 46,499,537 people were registered to vote in the referendum, according to provisional figures from the Electoral Commission.
Early reports from around the country suggest turnout has been higher than at last year's general election, with Kettering, in Northamptonshire, reported to be 76% and Newcastle 68%.

From 22:00 BST, there will be comprehensive coverage on the BBC News website and app with live text and video streaming, reaction and analysis from BBC editors and others. There will also be an up-to-the-minute full results service and details of all local results.
BBC One, the BBC News Channel and BBC Parliament will broadcast a results show hosted by David Dimbleby alongside BBC experts and special guests from 21:55 BST. Coverage continues through the night and Sophie Raworth, Andrew Neil and Victoria Derbyshire pick up the coverage on Friday morning.
The results programme will be streamed internationally on the BBC News website from 22:00 BST.
BBC Radio 5 live will have coverage as the results come in, as will Radio 4 from 23:00 BST until the Today programme picks up at 06:00 BST on Friday.
From 22:00 GMT, television viewers outside the UK can tune in via BBC World News and BBC World News America. Listeners outside the UK can tune into BBC World Service radio for regular updates.
Referendum night - what to watch out for
Sealed ballot boxes are being transported to the venue for each of the 382 local counting areas.
These represent all 380 local government areas in England, Scotland and Wales, plus one each for Northern Ireland and Gibraltar.
Results from these areas will then be declared throughout the night, along with result totals from 11 nations and regions.

Jenny Watson, chief counting officer, will announce the referendum result at Manchester Town Hall after all 382 local totals have been certified and declared.
Any recounts will take place at a local level only, as there is no facility for a national or regional recount, she added.
The referendum followed a bitterly-fought four month campaign, which saw Mr Cameron pitted against senior colleagues in his own party, who were campaigning for Britain to leave.
A Brexit vote could deal a fatal blow to Mr Cameron's career as prime minister, although he has vowed to stay on whatever the outcome.
Conservative MP Robert Syms says he and other Vote Leave Tories have written to Mr Cameron telling him he has a "duty" to stay on regardless of the result - the letter has been signed by all the cabinet ministers who broke ranks to back Leave, including Boris Johnson and Michael Gove.
Mr Cameron promised to hold a referendum on Britain's EU membership ahead of last year's general election, following relentless pressure from his own MPs and the UK Independence Party, which was taking votes - and later - MPs from Mr Cameron's Conservatives.
He initially suggested he would be prepared to back an out vote if he did not get what he wanted from his renegotiations.

But once the date of the referendum was announced he threw himself into the campaign for Britain to remain, arguing the country would be "stronger, safer and better-off" in the EU.
Nearly all of Britain's opposition parties, including Labour and the Scottish National Party, backed remaining in the EU, along with the majority of business leaders.
The Leave campaign - headed by former mayor of London and Conservative MP Boris Johnson - argued that the only way Britain could "take back control" of its own affairs would be to leave the EU.
The Leave campaign dismissed warnings from economists and international bodies about the economic impact of Brexit as "scaremongering" by a self-serving elite.

Immigration was a key issue in the campaign, with the Leave campaign arguing that net migration from the EU could never be reduced while the UK was signed up to free movement rules.
In an eve-of-poll interview with Telegraph, Mr Johnson, who has long been seen as bidding to be the next prime minister, claimed the vote was more important to him than his future in British politics.
"Frankly, if this is the end of my political career… I've done eight years as mayor of London, I enjoyed it hugely, it was a massive privilege. Fine by me."

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Asian millionaires 'top wealth rankings' www.bbc.com

Asian millionaires now control more wealth than those in North America, Europe and other regions, according to a report from finance firm Capgemini.
Driven by China and Japan, Asia's millionaires saw their wealth jump by 10% in 2015, the firm's World Wealth Report found.
Millionaires held nearly $60 trillion (£40 trillion) worldwide last year, four times higher than 30 years ago.
That could rise to $100 trillion by 2025, Capgemini said.
Asia's growth in high net worth individuals - defined as having $1 million in assets - came despite slowing economic growth in China and a weak Japanese economy.
'Dominant force'
Capgemini found the growth in Asia was driven mainly by financial services, technology and health care industries.
The region's millionaires held $17.4 trillion of wealth, compared with $16.6 trillion in North America, the report said.
"If past growth rates hold, Asia-Pacific is likely to continue to be a dominant force over the next decade, representing two-fifths of the world's HNWI wealth, more than that of Europe, Latin America, and the Middle East and Africa combined," Capgemini said.
Poor performance in US equity markets slowed growth in North America to 2.3% last year, although the US still had the highest number of millionaires with 4.45 million.
Europe's millionaires saw a 4.8% increase in wealth, which was led by Spain despite the country's record unemployment.
The UK had the fifth highest number of high net worth individuals, although it only increased 1% to 553,000.
Latin American millionaires suffered a decline in net worth of 3.7%, driven by political volatility and a turbulent stock market in Brazil.
Worldwide, the wealth controlled by millionaires grew 4% last year to $58.7 trillion (£39.5 trillion).
Earlier this year, Oxfam found that the richest 1% now have as much wealth as the rest of the world combined.

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First bid for McDonald's China franchises confirmed www.bbc.com

The first bid has been confirmed for McDonald's China and Hong Kong restaurants as the US fast food giant plans to franchise its outlets in the country.
China's Sanpower confirmed to the BBC it had put in a joint bid with Beijing Tourism Group.
There are more than 2,200 McDonald's in China with plans to open 1,250 more.
In March, McDonald's had said it would reorganise its business in China, seeking to franchise its restaurants.
Media reports have suggested that the US company has received more than half a dozen bids, which could raise as much as $3bn (£2bn).
Global franchise plans
Competitor Yum Brands, the owner of KFC and Pizza Hut, is also restructuring its China business, with plans to spin it off ahead of a likely initial public offering (IPO) of shares in 2017.
Both McDonald's and Yum Brands have been facing increasing competition from cheaper local rivals, particularly in China, where they are trying to recover from food safety scares.
In the long term, McDonald's plans to franchise 95% of its outlets worldwide.
Sanpower is a technology and real estate firm and said it hoped to integrate the fast food chain into its commercial shops and mall spaces.
"In recent years, we are building more offline commercial stores, aiming to provide better shopping experience for consumers. McDonald's could provide new brand elements for us," Sanpower spokesman Zou Yan said in an email.

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Leaders of Mongolia and China hold meeting www.montsame.mn

Tashkent\MONTSAME\. On sidelines of the Shanghai Cooperation Organization summit underway in Tashkent, President of Mongolia Ts.Elbegdorj held on June 23 a bilateral meeting with President of China Xi Jinping at the Kuksaroi (Blue Palace) State Resident.

“Heads of state of China and Mongolia have previously had several bilateral meetings where a several number of vital agreements were reached. Our countries are succeeding in developing comprehensive strategic partnership relations which are even more advancing and expanding with emergence of new potentials”, said the Chinese leader.

Mongolia and China are progressing at the level of comprehensive strategic partnership relations. The agreement on developing such forms of ties were reached during a state visit of Mr. Xi Jinping to Mongolia, recalled Mr. Elbegdorj and welcomed dynamic advancement of the relations.

“Mongolia is expecting to host an official visit of Premier of the State Council of China Li Keqiang which will coincide with the upcoming ASEM Summit in Mongolia. We believe that a number of issues would find their solution during the visit, noted the President of Mongolia.

There are urgent issues we need to focus on today. One is providing four border checkpoints with international status. In this context, Gashuunsukhait and Gants mod border checkpoints are confronted with challenges related to railway, explained Mr. Elbegdorj and requested his Chinese colleague to pay a particular attention to it.

Other points are related to negotiations on creating possibilities for Mongolia to reach seaport through the territory of China and railway transit transport, highlighted the Mongolian leader as well as to hydropower plant to be constructed on Eg river with soft loans of the Government of China.

Same day, President Ts.Elbegdorj will have a trilateral meeting with his Russian and Chinese counterparts.

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Mongolian delegates to attend 2016 Global Entrepreneurship Summit www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The US Embassy in Ulaanbaatar announced Thursday that Mongolian entrepreneurs Khongorzul Bat-Ireedui and Amartaivan Budee will attend the Global Entrepreneurship Summit (GES) which will commenced on Wednesday in Palo Alto, California.
 
They will join more than 700 entrepreneurs from around the world along with investors, speakers, and leaders in the entrepreneurship space.
 
These innovative entrepreneurs will be joined by President Barack Obama and other high-level U.S. Government officials, including Secretary of Commerce Penny Pritzker, Administrator of the Small Business Administration Maria Contreras-Sweet, Administrator of USAID Gayle Smith, Ambassador at-Large for Global Women’s Issues Catherine Russell, and Under Secretary of State for Public Diplomacy and Public Affairs Richard Stengel.
 
This Global Entrepreneurial Summit will be the 7th installment in a series previously hosted by the United States and the governments of Turkey, the United Arab Emirates, Malaysia, Morocco, and Kenya. In bringing the Summit back to the United States, President Obama highlights his commitment to building bridges that help us tackle global challenges together.
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S.Korean companies interested in cooperating on Aero-Express project www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Governor of the Capital City of Mongolia and Mayor of Ulaanbaatar Mr E.Bat-Uul received Thursday the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Mr Oh Song, to discuss the investment required in the IV Thermal Power Plant and the urban railroad development.
 
The Ambassador asked at first about the progress of Khuliin River station – The V Thermal Power Plant project, in which the S.Korean government offered support.
 
In response, Mr E.Bat-Uul informed that the project design of irrigation, pump and drainage systems has been completed, and the constructions are expected to start next year.
 
“As I have heard, the project on Khushig Valley’s New Ulaanbaatar International Airport (NUBIA) Project steering committee has inked a document of cooperation with “Ulaanbaatar Railway” Mongolia-Russia joint venture on building rail system connecting the new airport with the city. S.Korean companies are interested in cooperating on that development”, said Mr Oh Song.
 
The Mayor noted that the “Aero-Express” project can be of more efficiency, if there would be a S.Korea’s presence along with Mongolian and Russian.
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South Korea's Kia tops US car quality ranking www.bbc.com

South Korean car maker Kia has come top in a closely watched US car quality ranking, edging out the luxury brands that usually claim the crown.
It is the first time that a non-premium brand has come first in the annual study by consultancy J.D. Power.
The survey of more than 80,000 car buyers found that Kia had the fewest problems in the first 90 days, followed by Porsche, Hyundai, Toyota and BMW.
Worst performers were Daimler's Smart, Fiat, Volvo, Land Rover and Mini.
In the ranking of 33 cars brands, 21 saw an improvement over the past year.
The study also showed that for only the second time in the past 30 years, US brands received better marks collectively than foreign cars.
J.D. Power said that in past years, electronic features such as Bluetooth, voice recognition and touch screens had often been prone to glitches dragging down the results and that this year carmakers had managed to improve their reliability.
Together with its affiliate Hyundai Motor, Kia is the world's fifth largest automaker by sales.
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China glut reshaping EU steel industry www.asia.nikkei.com

FRANKFURT/LONDON -- With Britain set to vote Thursday on whether to remain in the European Union, the country has seen its fair share of political drama recently. But the turmoil is not just limited to the country's political sphere: The steel industry is also in chaos, with the planned pullout of India-based Tata Steel from the U.K. likely to have a big impact not only there but throughout the EU, where 330,000 people have jobs in the sector.

Geert Van Poelvoorde, executive vice president of ArcelorMittal and president of the European Steel Association, or Eurofer, was in Brussels in April for an annual steel conference organized by the industry body. He said that cheap steel from China was hurting European steelmakers, and that some 80,000 jobs, or 20% of total European steel industry employment, have been lost since the global financial crisis erupted in 2008.

Van Poelvoorde also complained that the EU was slow to take action to counter Chinese steel dumping. While the U.S. has increased tariffs on Chinese steel products to some 260%, levies in Europe have remained at 30% to 60%.

He cited Tata's possible departure from the U.K. as clear evidence of how bad things are getting. The company's British operations, which have the second-largest output capacity in Europe, have pummeled by cheap imports from China, posting losses for years. The Indian parent announced plans in late March to sell the local business.

At the entrance of the conference venue was a sign reading "Save Our Steel." Similar signs can be spotted in the Welsh town of Port Talbot, home to a Tata plant. The region has relied heavily on Tata's steel business, and scared plant workers have been protesting the planned pullout ever since the announcement.

So far, British commodities trader Liberty House and others have volunteered to buy Tata's U.K. unit, while local plant workers have proposed retaining the business through a management buyout. Negotiations have been slow and difficult, however. Tata initially planned to finalize its decision soon after the Brexit poll, but July is now looking more likely.

If the Port Talbot plant, the U.K.'s largest steel factory, is shuttered, the country's economy will certainly feel it. According to British think tank Institute for Public Policy Research, the closure would affect 15,000 workers at Tata's locations across the U.K. and possibly threaten another 40,000 in related industries.

Tata entered the U.K. by acquiring what was once the state-owned British Steel. According to a survey by YouGov, a British research company, more than 60% of people in the U.K. support the nationalization of Tata's U.K. unit. There appears to be a special attachment among the British to the steel industry, which helped drive the economy during the Industrial Revolution.

But when talk of nationalization first came up, British Prime Minister David Cameron noted that it went against the country's long-term efforts to promote privatization. The tone changed in April, when the government announced its intention to purchase a stake of up to 25% in the local British unit, in response to growing calls for a rescue measure to retain jobs.

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Moscow commute at 1,200 kph & new Silk Road: Russia explores Hyperloop sci-fi dream www.rt.com

Russian company Summa Group signed an agreement on Tuesday with Los Angeles-based Hyperloop One to explore building a futuristic, high-speed transport system in Moscow.
"Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today," Shervin Pishevar, co-founder of Hyperloop One, was cited as saying by Reuters.A Hyperloop system involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods could transport people and cargo at speeds of up to 750 mph (1,200 kph).
 
The sides also plan to build a new Silk Road to transport cargo at ultra-high speeds between China and the Mediterranean Sea."Our longer term vision is to work with Russia to implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China to Europe in a day," Pishevar said.
 
According to Hyperloop One CEO Rob Lloyd, it’s unclear how much it will cost to build a Hyperloop in Moscow, and the system would not necessarily travel at its top speed in a metropolitan area like the Russian capital. Last month Lloyd said the company will build a system capable of transporting cargo by 2019 and passengers by 2021.Transportation infrastructure developer Summa Group and Hyperloop One signed a memorandum of understanding last week at the St. Petersburg International Economic Forum. Russian President Vladimir Putin met with Pishevar during the forum and expressed his support for the project. The president’s backing though didn’t mean public fund investments and tax breaks because it’s a private investment project, according to Kremlin spokesman Dmitry Peskov.
 
Hyperloop was first proposed in 2013 by US billionaire Elon Musk as an up-to-date, open-sourced concept.At the moment there are no functioning Hyperloops in the world, and skeptics claim the idea of traveling at such high speeds in a sealed tube seems like a sci-fi dream – with many challenges the designers will have to overcome, such as motion sickness.
 
Hyperloop feasibility studies are underway in Finland, Sweden, the Netherlands, Switzerland, Dubai, the Port of Los Angeles, and the United Kingdom.
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