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      БАНК ХООРОНДЫН ГҮЙЛГЭЭНД IBAN ДАНСНЫ ДУГААР АШИГЛАЖ ЭХЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/03     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    

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

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Europe hopes to prepare Ukraine for winter through three-party talks www.rt.com

European Union’s energy chief Maros Sefcovic plans to visit Russia and Ukraine next month to explore the interest in trilateral energy supply talks ahead of the winter, according to the European Commission.The talks between the two countries, brokered by the European Union, aim to reduce the risk of a gas shortage this winter.
 
Earlier this week, Russian energy major Gazprom warned about the risks to the transit of Russian gas to the EU through Ukraine because of the low levels currently being pumped into Ukraine's underground storage facilities.
 
The gas Ukraine stores is used in the winter to provide supplies to Europe. According to Gazprom, with the current level of pumping, Kiev will not be able to fill the tanks with 17 billion cubic meters - enough to guarantee the transit.
 
“We see the risks. Most importantly, the current daily volumes suggest they [Kiev] will not reach the level of 17 billion cubic meters. There is little time left until the autumn-winter season which starts in October,” the company’s spokesperson said, citing Gazprom CEO Alexei Miller.
 
The Ukrainian side has assured it would fulfill its obligations. Ukraine's national energy company Naftogaz plans to pump some 14.5 billion cubic meters of gas into the storage facilities before the heating season begins, according to CEO Andriy Kobolev.The Ukraine’s storage facilities were filled with 11,899 billion cubic meters of gas as of August, 22, according to the data from the Gas Storage Europe organization.
 
Another issue raising concerns in Europe is shortage of funds in Kiev.
 
“The minimum gas necessary for Ukraine in the winter is 16 billion cubic meters, and the country is able to reach it with the current daily level, but Naftogaz just does not have money to buy it,” said the former spokesman of Naftogaz Valentin Zemliansky.
 
The Kiev-based company spent $272 million out of $300 million loaned by the European Bank for Reconstruction and Development on buying gas from Europe. Moreover, Kiev’s debt to the State Savings Bank of Ukraine totals some $213 million.
 
Zemliansky stressed that the possibility of further loans from the EU will become a key issue in the negotiations.
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Russia’s Nord Stream-2 pipeline is a 'bad deal' for Europe - Biden www.rt.com

US Vice President Joe Biden says Washington regards Russia's Nord Stream-2 gas pipeline as a "bad deal" for Europe. Biden was speaking at a news conference in Sweden on Thursday.Before the conference, a Swedish daily Svenska Dagbladet said Washington was intending to put pressure on Stockholm over its participation in the project.
 
According to the report, the US regards Nord Stream-2 as a Russian political tool designed to drive a wedge between European countries with different Russian gas supply needs. In addition, it is seen by Washington as a way to cut off Ukraine from transit revenue for Russian gas.
 
In May, Russian Foreign Minister Sergey Lavrov accused the US of trying to thwart the gas pipeline. He called America’s attempts to block the project entirely political. Lavrov said Nord Stream-2 will increase Europe's energy supplies and improve the continent's energy security.
 
The pipeline aims to provide an additional direct route for Russian gas to Germany via the Baltic Sea bypassing Ukraine, and be able to deliver up to 55 billion cubic meters of gas per year.
 
Moscow is seeking alternative ways of pumping gas to Europe as it considers Kiev to be an unreliable partner. The gas transit agreement between Russia and Ukraine expires in 2019 and there’s a possibility it will not be prolonged.
 
The project will follow the route of the existing Nord Stream, which opened twin pipelines through the Baltic Sea in 2011 and 2012.Initially, Gazprom intended to hold a 50 percent stake in the project with the other shares divided equally between Royal Dutch Shell, Germany’s E.ON and BASF, Austria’s OMV and France’s Engie. On August 12 the companies left the joint venture under pressure from the Polish Office of Competition and Consumer Protection. A statement on the Nord Stream-2 website said all the participants will “individually contemplate alternative ways to contribute.”Nord Stream-2 is not the first Russian pipeline to face harsh opposition from the US. In 2014, Bulgaria stopped the South Stream pipeline project on the recommendation of the EU, but the decision was announced after the country was visited by US senators John McCain, Chris Murphy and Ron Johnson. This August, Bulgaria changed its position on the pipeline, indicating it is willing to resume talks with Moscow.
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Speaker meets GEIDCO chairman www.montsame.mn

Ulaanbaatar /MONTSAME/ Speaker of parliament M.Enkhbold received Thursday Liu Zhenya, chairman of the Global Energy Interconnection Development and Cooperation Organization (GEIDCO) and the China Electricity Council (CEC), in the State House.

Beginning the meeting, M.Enkhbold expressed his satisfaction with sharing views with the GEIDCO chairman on establishing a regional-level energy network in Mongolia.

“Mongolia has high reserve of energy, and the energy sector plays an important role in the Mongolia-China cooperation. Last years, we were able to realize mega-projects and programs, but they have not been implemented due to political and financial reasons,” the Speaker said.

The Speaker pointed out that Mongolia, China and Russia are talking to build developmental railways that will connect the infrastructure of the three countries. The three countries are focusing attention to bringing their collaboration in five directions--auto road, airways, railways and pipelines of gas and liquid fuels. These works will be realized when the countries reach a consensus, Enkhbold said.

Expressing thanks to the Speaker for the audience, the GEIDCO chairman gave some information about a China’s initiative on founding Global Network of Energy, a plan of establishing the Energy Network of Northeast Asia and the “Shivee-Ovoo” project on energy export.

“Energy consumption of China, South Korea and Japan account for about 65% of the total consumption in Asia. It is expected that the China’s consumption will go up by nine trillion KWT, South Korea--by 12 trillion KWT, and Japan--by 0.7 trillion by the year 2030. It means that the energy market will definitely broaden, and it is important to building up the competitive energy network,” Liu said. He emphasized that the Shivee-Ovoo project energy export is capable to boost the bilateral cooperation in economic and energy fields, and to become a competitor in the Northeast Asian energy market.

Liu also mentioned that Mongolia is possible to be connected with an energy infrastructure network and to boost mutually-beneficial cooperation in energy and renewable energy industries because the country is geographically closely loacted to countries with high consumption of energy.

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54 vehicles purchased during ASEM organization www.gogo.mn

Budget expenditure risen by MNT 2.3 billion this year. What was the reason of increased budget expenditure?
This year we have organized ASEM 11th meeting while took part in Rio 2016 Olympics which might caused the budget expenditure. 
According to the glass account of the Ministry of Foreign Affairs, which obliges the public bodies to make all transactions of the public expenditures and procurement over 5 million MNT (approximately 2,300 USD) open to the public on their websites, products bought in June in scope of ASEM organization have reached MNT 538 million. 
In addition, Mongolia purchased 52 pieces of Toyota Prius, installed police package equipment by total of USD 1,671,904 (per price is USD 32,152) and two Mercedes Benz with USD 258,222 for ASEM organization. The 52 vehicles were transferred to the General police department while two Mercedes Benz were transferred to the State security service.

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Apple tackles iPhone one-tap spyware flaws www.bbc.com

Flaws in Apple's iOS operating system have been discovered that made it possible to install spyware on a target's device merely by getting them to click on a link.
The discovery was made after a human rights lawyer alerted security researchers to unsolicited text messages he had received.
They discovered three previously unknown flaws within Apple's code.
Apple has since released a software update that addresses the problem.
The two security firms involved, Citizen Lab and Lookout, said they had held back details of the discovery until the fix had been issued.

The text promised to reveal details about torture
The lawyer, Ahmed Mansoor, received the text messages on 10 and 11 August.
The texts promised to reveal "secrets" about people allegedly being tortured in the United Arab Emirates (UAE)'s jails if he tapped the links.
Had he done so, Citizen Lab says, his iPhone 6 would have been "jailbroken", meaning unauthorised software could have been installed.
"Once infected, Mansoor's phone would have become a digital spy in his pocket, capable of employing his iPhone's camera and microphone to snoop on activity in the vicinity of the device, recording his WhatsApp and Viber calls, logging messages sent in mobile chat apps, and tracking his movements," said Citizen Lab.
"We are not aware of any previous instance of an iPhone remote jailbreak used in the wild as part of a targeted attack campaign, making this a rare find."
The researchers say they believe the spyware involved was created by NSO Group, an Israeli "cyber-war" company.

Analysis: Dave Lee, BBC North America technology reporter
This is many ways a textbook case of the cybersecurity community acting precisely as it should. Researchers were alerted to a vulnerability, investigated it, and made Apple, the company responsible for fixing it, aware so it could issue a fix. Apple, to its credit, understood the severity and acted quickly - it took them just 10 days.
These types of vulnerabilities are rare and extremely lucrative. A genuine "zero day" - the name given to previously unknown security flaws - can be sold for upwards of $1m when it affects a major piece of software like Apple's iOS. In this case, it looks like several zero days were combined to make a hugely sophisticated attack package.
Now attention is shifting to the secretive organisation said to be behind the attack, the NSO Group, described by researchers as a cyber arms dealer, and described by itself as firm capable of being a "ghost" on victims' devices - working undetected but gathering enormous amounts of private data.
According to Privacy International, NSO Group has sold its products to clients in Mexico and in Panama - but little is known about other deals involving the company which is said to be worth more than $1bn.
Pressure is also being put on Francisco Partners Ltd, the San Francisco-based venture capital firm that has a controlling stake in NSO Group. It is yet to comment on the controversial attack.
"[It is] the most sophisticated spyware package we've seen," said Lookout.
"It takes advantage of how integrated mobile devices are in our lives and the combination of features only available on mobile - always connected (wi-fi, 3G/4G), voice communications, camera, email, messaging, GPS, passwords, and contact lists."
NSO has issued a statement acknowledging that it makes technology used to "combat terror and crime" but said it had no knowledge of any particular incidents and made no reference to the specific spyware involved.
"These are rather rare zero-day flaws," commented security expert Prof Alan Woodward, referring to the technical name for previously unknown vulnerabilities.
"To have several found at once is even rarer. As can be seen from how these have been exploited to date, it represents a serious threat to the security and privacy of iOS users.
"Apple has been remarkably responsive in providing fixes for these issues, so I would encourage any iOS users to update to the latest version of the operating system."

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China, U.S. still in talks on trade pact despite challenges: Chinese commerce official www.reuters.com

China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday.
 
China is keen to maintain open markets for its goods as its economy grows at its slowest pace in 25 years, but it faces rising trade tensions as its imports deteriorate faster than exports, setting it up for another record trade surplus.
 
Last year, the U.S. trade deficit with China was $336.2 billion, according to the U.S. Trade Representative's office. Republican presidential candidate Donald Trump threatened on Wednesday to slap tariffs on Chinese products to show Beijing the United States is "not playing games anymore".
 
The United States - China's second-largest trade partner after the European Union - has imposed anti-dumping and countervailing duties on Chinese products and also brought cases against China at the World Trade Organization.
 
"The global economy has not emerged from its difficulties, which has led a lot of countries to adopt trade protectionist policies," China's Ministry of Commerce spokesman Shen Danyang said in a rare conversation with reporters over coffee in a Starbucks cafe near Tiananmen Square.
 
Chinese steel exports have surged this year even as global growth remains weak, prompting complaints that China was dumping excess capacity.
 
"There is no evidence China is dumping steel products. Growth in exports is due to greater competitiveness of Chinese firms, as costs have fallen," Shen said.
 
In response to claims by the head of the U.S. Export-Import Bank (EXIM) Chairman Fred Hochberg that China gave its exporters 10 times more financing than the United States did in 2015, Shen said there are disagreements on what constitutes subsidies.
 
If there are disputes, the two sides can take it to the WTO, he said.
 
Shen did not offer any details on plans announced on Tuesday to open more sectors to foreign investment, but said foreign companies are not investing in China as much as before because competition from Chinese companies is increasing.China is not part of the U.S.-backed Trans-Pacific Partnership (TPP) accord involving 12 Pacific Rim countries. TPP members have said the pact is not meant to target China, which does not feel it is targeted. Beijing is separately pursuing a regional framework with its trade partners that omits the United States.
 
The biggest challenge facing China's economy is the need to effectively implement supply-side reform to improve the structure of the economy, he said.
 
"There is demand for quality products, but that has to be met with effective supply. It requires innovation, which is difficult," Shen said.
 
"In the past, when facing slowing growth, we would stimulate demand - loosen monetary policy, use fiscal measures. Now we are focusing primarily on using structural supply-side reform. This is the right direction, but it's not easy."
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Japan sees inflation hitting another low www.bbc.com

Japan's consumer prices dropped for the fifth consecutive month in July, adding to pressure on the government to expand its already massive stimulus programme.
The data was worse than estimates had suggested and marked the biggest annual drop in more than three years.
The core consumer price index, which excludes volatile fresh food prices, fell 0.5% compared with a year earlier.
Tokyo has been trying to raise inflation for years to stimulate spending and boost the economy.
The disappointing data comes on the heels of weaker-than-expected economic growth released earlier this month and despite an aggressive spending policy by the government.
In July Prime Minister Shinzo Abe announced the latest stimulus effort, a massive new package worth 28 trillion yen ($265bn; £200bn).
Japan has been desperate to boost consumer spending for years which accounts for 60% of the economy.
The government's policy of economic reforms - dubbed Abenomics - consists of a three-pronged fiscal, monetary and structural approach to lifting the economy out of its protracted slump.The three arrows: explaining Abenomics
The monetary arrow: expansion of the money supply to combat deflation
The fiscal arrow: increased government spending to stimulate demand in the economy
The structural arrow: structural reforms to make the economy more productive and competitive
Yet despite three years of Abenomics, inflation has remained significantly lower than the central bank's 2% goal.
Persistently weak household spending is to blame combined, more recently, with a strengthening yen which has pushed down import prices.
Analysts expect the rate to remain low or even fall further.
"As such, inflation expectations may weaken further in coming months," Marcel Thieliant, senior economist at Capital Economics said in a note.
"The Bank of Japan has recognised that there are considerable risks to its forecast of hitting its 2% inflation target in the coming fiscal year. We therefore continue to expect more stimulus to be introduced at the Bank's September meeting."
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Consumer prices fell 0.5% in July www3.nhk.or.jp

Japan's consumer prices fell in July for the 5th straight month.
 
Officials at the internal affairs ministry say the consumer price index was 0.5 percent lower from the same month last year.
 
The index, which excludes volatile fresh food prices, stood at 99.6 against the 2015 base of 100.
 
The reading was up 0.3 percent when all types of energy and food are excluded.
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Samsung Pay celebrates one-year anniversary www.businessinsider.com

Samsung Pay, Samsung’s phone-based mobile wallet, celebrated its one-year anniversary this week.
 
The wallet is now available in seven countries and has over 440 issuing bank partners, according to the firm. Samsung released several key statistics about the wallet one year in:
 
Samsung Pay has processed nearly 100 million transactions across all markets in its first year.
In addition to credit and debit cards, the wallet has over 4 million registered “membership” cards in the US and South Korea. That illustrates the value that additional use cases, like loyalty support, could have in onboarding customers to wallets.
In South Korea specifically, the wallet has processed over 2 trillion won ($1.78 billion) in transaction volume. That’s double the 1 trillion won ($891 million) it had processed as of this May, according to ZDNet, which points to continued acceleration in wallet adoption. Over 25% of transactions have been made online, which shows the utility of online and in-app transactions in driving mobile payment volume and adoption.
Samsung Pay is well-positioned to expand and continue its growth trajectory as mobile payments become more commonplace. The continued ramp up in South Korea, which was the service’s first market, could be a positive indicator for other markets. Unlike other mobile wallets, which only work at newer NFC-enabled point-of-sale (POS) terminals, Samsung Pay is accepted at almost any POS terminal that accepts magnetic stripe cards in most of its markets.
 
That could make the service easy to use — just 19% of US Samsung Pay users had trouble at the POS, relative to 31% of Apple Pay users, according to Auriemma Consulting Group — which might encourage users to return to the service and form habits around it, spurring further transaction and volume growth.
 
Mobile payments are becoming more popular, but they still face some high barriers, such as consumers' continued loyalty to traditional payment methods and fragmented acceptance among merchants. But as loyalty programs are integrated and more consumers rely on their mobile wallets for other features like in-app payments, adoption and usage will surge over the next few years.
 
Evan Bakker, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on mobile payments that forecasts the growth of in-store mobile payments in the U.S., analyzes the performance of major mobile wallets like Apple Pay, Android Pay, and Samsung Pay, and addresses the barriers holding mobile payments back as well as the benefits that will propel adoption.
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Ant Financial said to plan initial public offering in HK in first half of 2017 www.chinadaily.cn

Alibaba Group Holding Ltd's finance affiliate is considering an initial public offering in Hong Kong in the first half of next year, after running into regulatory hurdles for a dual listing that would have included Shanghai, according to people familiar with the matter.
 
Chinese mainland's restrictions on stock options are discouraging Zhejiang Ant Small & Micro Financial Services Group Co from its original plans for the dual listing, said the people, asking not to be named because the matter is private.
 
A Shanghai IPO hasn't been completely ruled out yet and the company could consider a mainland offering later.
 
Ant Financial controls China's biggest online payment service, Alipay, and was valued at $60 billion in the latest fundraising. Its IPO would likely be among the biggest ever for Hong Kong, though the specific amount to be raised hasn't been decided, the people said.
 
Companies listing in Hong Kong normally need a free float of at least 25 percent while those that meet certain size criteria can seek approval to sell as little as 15 percent. A 15 percent stake in Ant Financial would be worth about $9 billion based on the most recent valuation.
 
China's current rules impose restrictions on IPOs by companies that have more than 200 existing shareholders, and also require all stock options to be vested in advance.
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