1 REQUEST FOR THE DELIBERATION OF THE INVESTMENT AGREEMENT WITH “ORANO MINING SAS” SUBMITTED TO THE PARLIAMENT WWW.MONTSAME.MN PUBLISHED:2025/01/10      2 DRAFT RESOLUTION ON ADOPTING THE GENERAL DEVELOPMENT PLAN FOR ULAANBAATAR UNTIL 2040 SUBMITTED TO THE PARLIAMENT WWW.MONTSAME.MN PUBLISHED:2025/01/10      3 GOVT TO SIGN PACT WITH MONGOLIA SOON IN AREA OF GEOLOGY AND EXPLORATION WWW.BUSINESS-STANDARD.COM PUBLISHED:2025/01/10      4 INDIA TO SIGN MINING PACT WITH MONGOLIA SOON, GOVT SOURCE SAYS WWW.REUTERS.COM PUBLISHED:2025/01/10      5 CHINESE STATE-SPONSORED REDDELTA TARGETED TAIWAN, MONGOLIA, AND SOUTHEAST ASIA WITH ADAPTED PLUGX INFECTION CHAIN WWW.RECORDEDFUTURE.COM PUBLISHED:2025/01/10      6 MONGOLIA STEPS UP ITS TIR TRANSIT GAME WWW.IRU.ORG PUBLISHED:2025/01/10      7 UNITED STATES DONATES 2000 MEDICAL DEVICES TO MONGOLIA TO HELP COMBAT FLU-LIKE ILLNESS WWW.GOGO.MN PUBLISHED:2025/01/10      8 PERFORMANCE MONITORING UNIT UNDER THE PRIME MINISTER TO ACCELERATE EFFORTS IN REDUCING AIR POLLUTION AND TRAFFIC CONGESTION WWW.MONTSAME.MN PUBLISHED:2025/01/08      9 GOVERNANCE OF STATE-OWNED ENTERPRISES TO BE IMPROVED WWW.MONTSAME.MN PUBLISHED:2025/01/08      10 NUMBER OF MONGOLIAN LIVESTOCK REACHES 57.6 MILLION AT THE END OF 2024 WWW.AKIPRESS.COM PUBLISHED:2025/01/08      “XANADU MINES” КОМПАНИ A$0.055-ЫН ҮНЭТЭЙ, 26.5 САЯ ХУВЬЦААГАА “JINPING MINING”-Д ЗАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/10     ЭКСПОРТЫН 90 ХУВИЙГ ЭЗЭЛДЭГ УУЛ УУРХАЙН САЛБАРЫГ ДОТООДЫН ҮЙЛДВЭРЛЭГЧИД ӨСӨЛТИЙН ХӨШҮҮРГЭЭ БОЛГОХ ПОТЕНЦИАЛ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/10     Н.УЧРАЛ: УРАНЫ ТӨСЛИЙН АЖИЛЧДЫН ДУНДАЖ ЦАЛИНГ ₮7-12 САЯ БАЙХААР ХЭЛЭЛЦСЭН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/10     ИМПОРТ ӨМНӨХ ОНЫ МӨН ҮЕЭС 25.5 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/10     “ОРАНО МАЙНИНГ САС” ХӨРӨНГӨ ОРУУЛАЛТЫН ГЭРЭЭГ ЗӨВШИЛЦӨХ САНАЛЫГ УИХ-Д ХҮРГҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/10     ЭНЭ ОНД 35 ХҮРТЭЛХ НАСНЫ ИРГЭДИЙГ ИПОТЕКИЙН ЗЭЭЛД ШУУРХАЙ ХАМРУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/10     УЛААНБААТАР 2040: 14 ХОТЫГ ТӨЛӨВЛӨН ХӨГЖҮҮЛЖ, ДЭД ТӨВ БАЙГУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/10     МХБ: 2024 ОНД 47 ХУВЬЦААТ КОМПАНИ НИЙТ ₮1 ИХ НАЯДЫН НОГДОЛ АШИГ ХУВААРИЛСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/08     НҮҮРСНИЙ ХЭРЭГТ УЛС ТӨРД НӨЛӨӨ БҮХИЙ 13 ХҮНИЙГ ЯЛЛАГДАГЧААР ТАТАН ШАЛГАЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/08     УУЛ УУРХАЙН ТӨК-УУДЫГ “ЭРДЭНЭС МОНГОЛ”-Д, УУЛ УУРХАЙН БУСУУДЫГ “ЭРЧЭС МОНГОЛ”-Д НЭГТГЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/08    

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

Pfizer to invest $350 million in China biotech hub, first in Asia www.reuters.com

Pfizer Inc (PFE.N) will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world's no. 2 drugs market with the aim of securing faster approvals for their products.
 
The facility in eastern Hangzhou region - Pfizer's first biotech center in Asia - is expected to be completed by 2018, the firm said in a statement on Tuesday.
 
Global "Big Pharma" is increasingly looking for smart ways to tap China's healthcare market, estimated by consultancy IMS Health to be worth around $185 billion by 2018. From investing in China facilities to acquisitions, licensing deals and joint ventures, the aim is to seek an edge in dealings with domestic regulators and government.
 
John Young, group president for Pfizer's essential health division, said in the statement that the Hangzhou facility should "help support China's aim to increase the complexity and value of its manufacturing sector by 2025".
 
Pfizer said it would "work closely" with local regulators to bring the drugs "to market as soon as possible". The center will mostly on biologic drugs - made from living micro-organisms rather than chemically synthesized - and lower-cost 'biosimilars', of generic versions of biologics.
 
Pharmaceutical executives have long complained about the slow process of getting drugs to market in China, while others have run up against regulatory roadblocks. Pfizer had to close its vaccine business in the country last year after a license for its top-selling vaccine Prevenar was not renewed.
 
China's overall healthcare spending is set to hit $1.3 trillion by 2020, but drug market growth has slowed to a low single-digit percentage pace from over 20 percent just four years ago as branded generics have lost their shine and Beijing has looked to drive down prices to keep a lid on costs.
...


64x64

Abe urges support for small firms following Brexit www3.nhk.or.jp

Prime Minister Shinzo Abe says his government will do everything it can to support smaller businesses to weather the possible impact of the UK's vote to leave the European Union.
 
The government held an extraordinary meeting of its Council on Economic and Fiscal Policy on Tuesday.
 
Besides helping small companies, Abe said it is necessary to nip risks in the bud to keep the global economic growth on track.
 
He was responding to comments by a private-sector member of the Council. Sadayuki Sakakibara is the chairman of Japan's largest business federation, Keidanren.
 
Sakakibara spoke of heightened concern among Japanese companies about confusion in financial markets and a need to rethink their business strategies.
...


64x64

Prime Minister launches Mongolia Investment Guide www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The guide was launched by Mongolia's Prime Minister, Chimediin Saikhanbileg, at a ceremony in Ulaanbaatar. He said it would "improve transparency, reduce bureaucracy, improve the business environment and strengthen relations with investors", writes UNCTAD.
 
Designed to facilitate investment decisions, the UNCTAD online Investment Guide to Mongolia provides local and foreign investors with updated and hard-to-find information on operating costs, wages, rents and taxes, as well as on laws, procedures opportunities in mining, agriculture, tourism and financial services, and useful contacts.
 
The guide is aimed at helping Mongolia attract the kind of investment it needs to fulfill the aspirations set out in the global Sustainable Development Goals. UNCTAD has calculated that to achieve the SDGs developing countries globally need to attract $2.5 trillion a year in private investment per annum to bridge the current financing gap.
 
The information in the guide was developed following extensive meetings with government agencies that deal with investors as well as with investors themselves. To this end, the guide provides an overall investment picture that isn't available elsewhere.
 
Staff at the Invest Mongolia Agency took the lead in producing the information and data, under the guidance of UNCTAD. Training on investment issues was a key element in the programme.
 
The guide is based on a platform developed by UNCTAD (www.theiguides.org) and currently used in a number of countries. It has been designed to be easy update, ensuring the information available remains relevant.
 
The Mongolia investment guide is part of a package of assistance provided by UNCTAD to the Government on investment matters, and follows the Investment Policy Review of Mongolia of 2013.
...


64x64

VW US emissions settlement reported to cost $15bn www.bbc.com

German carmaker Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners after admitting it cheated emission tests.
The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talks.
Last year, US regulators discovered that VW cars were fitted with software that could distort emissions tests.
The German giant subsequently said 11 million cars were affected worldwide.
The US settlement is still pending approval by a judge, but it would be the largest car scandal settlement in the country's history. The details are expected to be announced on Tuesday.
According to news agencies, the legal settlement sets aside $10 billion to repair or buy back around 475,000 affected vehicles with 2-litre diesel engines, and to compensate owners with a payment of up to $10,000.
Car owners would still be able to decline the VW offer and sue the firm on their own.
According to the sources quoted by news agencies, the deal also includes $2.7bn in funds to offset excess diesel emissions and $2bn for research into green energy and environment-friendly cars.
Caught cheating
The German carmaker installed software in diesel engines to detect when they were being tested so the cars could cheat the results.
Some models could have been pumping out up to 40 times the legal limit of the pollutant, nitrogen oxide, regulators disclosed.
Volkswagen told its shareholders last year it had set aside $7.3bn to help defray the potential costs of a recall or regulatory penalties.
That amount though might not be enough - the company faces as much as $20bn in fines for Clean Air Act violations alone.
The increased emissions provision pushed VW to an annual pre-tax loss of €1.3bn (€1.4bn), compared with a profit of €14.7bn the previous year.
VW expected group sales to fall by up to 5% in 2016.
...


64x64

EU referendum: German car makers warn on free movement www.bbc.com

German car makers have said that the UK will have to accept the free movement of EU citizens in return for access to the single market.
Matthias Wissmann, from the German Automotive Industry Association, said the UK would have to accept the "bitter pill" of free movement.
Restricting access to the UK was a key promise of the Leave campaign.
Leave campaigners also argued that, to help car exports, Germany would push for a generous trade deal with the UK.
However the German car makers appear to be taking a tough line.
"We don't like to build new barriers... but any bid to secure full access to the single market would necessarily come with conditions. Everyone who negotiates on the British side will understand that," Mr Wissmann said.
"If you want full access to the market, that comes necessarily with the free movement of people. That's the bitter pill the Brexiteers have to accept," he added.Responding to those comments, Conservative MP John Redwood said: "The contacts I've had over recent months have always stressed to me that Germany doesn't wish to impose new tariffs or other barriers in the way of our trade
"And Germany in particular doesn't want the World Trade Organisation external tariffs on cars, because that's one of the few which is quite a bit higher."
...


64x64

Japan, US officials to cooperate on Brexit www3.nhk.or.jp

Senior officials from Japan and the United States have agreed to work together to stop adverse effects on the economy and security from the UK's decision to leave the European Union.
 
Japan's Vice Minister for Foreign Affairs Shinsuke Sugiyama met with US Deputy Secretary of State Antony Blinken in Washington on Monday.
 
After the meeting, Sugiyama told reporters that he and Blinken shared the view that the UK is an important country that has cooperative ties with both Japan and the US.
 
He also said they noted that the security situation in the Asia-Pacific region is becoming increasingly tense in the wake of North Korea's launches of 2 missiles last week.
 
Sugiyama said he agreed with Blinken that it is important to strengthen cooperation between Japan, the US and South Korea.
 
Later this week, Sugiyama will also visit London and Brussels, where the EU headquarters is located, to meet with senior officials.
...


64x64

Gazprom ready to restart Turkish Stream dialogue after Erdogan apology www.rt.com

Gazprom is ready to resume talks with Ankara on the construction of the Turkish Stream gas pipeline after Russia received an apology for the downing of its warplane from Turkish President Recep Tayyip Erdogan, the company’s spokesperson said.
The Russian gas giant is "open for dialogue" on the Turkish Stream project, which would run along the bottom of the Black Sea, Gazprom spokesperson Sergey Kupriyanov told Interfax on Monday.
 
In 2014, Gazprom and Turkey’s Botas signed a memorandum of understanding for the construction of Turkish Stream.The 1,100km pipeline was planned to have four lines and an annual capacity of up to 63 billion cubic meters (bcm) of gas.
 
According to the agreement, about 16 bcm was supposed to be supplied to Turkey while the remaining 47 bcm was to go to a hub on the Greek-Turkish border to be transported onwards to Europe.
 
However, Moscow suspended negotiations on the project as part of other sanctions in response to Turkey’s shooting down of a Russian jet in Syria on November 24, 2015.
 
On Monday, the Kremlin said that Russian President Vladimir Putin had received a letter in which his Turkish counterpart Erdogan apologized for the incident with the Su-24 plane and the subsequent death of a Russian pilot.
 
In his letter, Erdogan called Russia “a friend and a strategic partner” of Ankara with whom the Turkish authorities want to mend ties.
 
From the start, Moscow made it clear that restoration of normal relations with Turkey would be impossible without Ankara saying for the downing of the plane. But Russia had to wait for an apology for over half a year.
 
 
...


64x64

SDC: Tackling poverty in Mongolia through support to vegetable production www.en.montsame.mn

Ulaanbaatar /MONTSAME/ With more than 63,000 predominantly small-scale vegetable growers throughout Mongolia, the vegetable sector has become vital in poverty alleviation and as a source of healthy food for an increasingly urbanized population.
 
The Swiss Agency for Development and Cooperation (SDC) believes that providing support for increased and diversified production, storage, processing, marketing and consumption, as well as a conducive legal framework, will benefit both rural households’ livelihoods and the national economy.
 
SDC’s new Inclusive and Sustainable Vegetable Production and Marketing Project, launched in April 2016, will work with vegetable farmers mainly in the central region of Mongolia including the suburbs of Ulaanbaatar city, providing them with greater knowledge and higher-quality seeds through collaboration with national agricultural institutions and the Ministry of Food and Agriculture.
...


64x64

Brexit: Asian powers warnings over global stability www.bbc.com

Some of Asia's biggest economies have expressed concerns over the world's economic stability as a result of Britain's vote to leave the EU.
China's Finance Minister Lou Jiwei said the consequences were unclear, but that they would be felt for years to come.
Both South Korea's President Park Geun-hye and Japanese Prime Minister Shinzo Abe said their countries were prepared to react to market volatility.
Meanwhile, US Secretary of State John Kerry is due in London on Monday.
He is expected to meet UK Foreign Secretary Philip Hammond on the first high-level face-to-face talks between the two countries since Thursday's referendum.
Follow the latest developments on our live page
There is fear that the uncertainty created by Britain's decision will continue to affect financial markets around the world.
Mr Lou, from China, said Brexit would "cast a shadow over the global economy" and that the "repercussions and fallout" would emerge over the next five to 10 years.
However, he added that reaction from stock markets, which fell sharply on Friday, may have been overdone.
"The knee-jerk reaction from the market is probably a bit excessive and needs to calm down and take an objective view," he said.
Huang Yiping, a member of China's central bank monetary policy committee, said Brexit could mark a "reversal of globalisation", which would be "very bad" for the world.
Last year, China was responsible for $3.3bn (£2.4bn) worth of foreign direct investment in Britain, according to law firm Baker & McKenzie.
David Cameron announced £40bn ($54.7bn) worth of deals between Britain and China following a visit to the UK by President Xi Jinping in October last year.
Ready to act
Following the result of the vote, the pound plunged 10% against the dollar to a 31-year low before trimming losses to end the day around 7.5% down.
Sterling also fell 11.4% against the yen. Japan hinted that it may intervene to stem the yen's strength.
On Friday, the Swiss National Bank acted to weaken the Swiss franc which rose 2.1% against the dollar as investors rushed to buy the currency.
Anand Mahindra, chairman of Mahindra Group, an auto-to-aerospace Indian conglomerate with operations in Britain, said the world was behaving "as if a tsunami wave has hit" which he viewed as an over-reaction.
He said: "My hunch is that you're going to see a fair amount of recovery in markets worldwide."
Earlier this year, the Indian company launched the e2o electric car in the UK where it already has a presence with its IT business Tech Mahindra.Mr Mahindra said Britain's decision to leave may prove advantageous.
"The last time I spoke to the people in the British government about reducing taxes and duty on electric vehicles, they said they were hampered from doing so because of the European Union protocols and tariffs.
"So I hate to say this but as far as our electric vehicles are concerned this is probably something where I could go back to them and say you know you're going to have your own discretion to lower the taxes from now on."
Adi Godrej, chairman of India's Godrej Group, which operates worldwide and sells beauty brands such as Soft & Gentle and Bio-Oil in Britain, was less sanguine than Mr Mahindra.
He said it was surprising the UK had taken a decision "which is going to be so negative for it from an economic point of view".
He added that it would affect Indian companies which had set up in Britain as a gateway to the EU.
"It will be bad because they will have to establish themselves in other parts of Europe."
...


64x64

Kishida asks UK to consider Japanese firms www3.nhk.or.jp

The Japanese Foreign Minister has asked the British government to give consideration to Japanese firms in the UK so they can continue to do business as usual.
 
Fumio Kishida met British Ambassador to Japan Tim Hitchens in Tokyo on Monday, following the UK's vote to leave the European Union. Kishida received a letter from British Foreign Secretary Philip Hammond.
 
The Ambassador said Britain will maintain close relations with important partners like Japan and the US while his country implements the decision reached in the referendum.
 
Kishida told Hitchens that Japan and Britain are important partners who share basic values.
 
He said the 2 countries should further improve ties and contribute to the peace and stability of the international community.
 
Kishida said that while Japan respects the decision of the British people, it wants the UK government to listen to the voices of more than 1,000 Japanese firms doing business in the country.
 
Ambassador Hitchens later told reporters that the British Embassy in Tokyo will host a meeting on Wednesday for Japanese firms investing in his country.
 
He said the British government should listen to Japanese businesses in order to sustain economic growth and stability.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook