1 INDUSTRIAL PRODUCTION GROWS BY 5% WWW.UBPOST.MN PUBLISHED:2025/01/21      2 CHINA MAY SEEK MORE COAL FROM MONGOLIA AS RUSSIA’S SHARE SHRINKS WWW.BLOOMBERG.COM PUBLISHED:2025/01/21      3 IFC ANNOUNCES MATTHIEU LE BLAN AS NEW RESIDENT REPRESENTATIVE FOR MONGOLIA WWW.IFC.ORG PUBLISHED:2025/01/21      4 AGREEMENT ON AIR RELATIONS SIGNED BETWEEN MONGOLIA AND KUWAIT WWW.MONTSAME.MN PUBLISHED:2025/01/21      5 SAVINGS IN THE NATIONAL CURRENCY INCREASED BY MNT 4.9 TRILLION WWW.MONTSAME.MN PUBLISHED:2025/01/21      6 AN ESTEEMED MAN TO BE HONORED AND CHERISHED IN THE HEART AND MIND OF THE PEOPLE OF MONGOLIA IN PERPETUITY WWW.MONTSAME.MN PUBLISHED:2025/01/21      7 FROM MONGOLIA TO DUBLIN: ‘COMING TO IRELAND WAS A BLESSING. IT WAS A GREAT MOVE FOR MY LIFE, I HAVE NO REGRETS’ WWW.IRISHTIMES.COM PUBLISHED:2025/01/21      8 AGRICULTURE ACCOUNTS FOR 48.6 PERCENT OF TOTAL WATER USE WWW.MONTSAME.MN PUBLISHED:2025/01/20      9 PRIME MINISTER OF MONGOLIA DELIVERS REMARKS ON INVESTMENT AGREEMENT ON MONGOLIA-FRANCE URANIUM PROJECT WWW.MONTSAME.MN PUBLISHED:2025/01/20      10 POPE PRAISES BUDDHIST REVIVAL IN POST-SOVIET MONGOLIA WWW.VATICANNEWS.VA  PUBLISHED:2025/01/20      МОНГОЛ УЛСААС БНХАУ-Д НИЙЛҮҮЛЭХ НҮҮРСНИЙ ХЭМЖЭЭ ХЭВЭЭР ХАДГАЛАГДАХ ТӨЛӨВТЭЙ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/21     ӨНГӨРӨГЧ ОНД ҮЙЛДВЭРЛЭЛИЙН ОСЛООР 87 ХҮН АМИА АЛДСАН НЬ ӨМНӨХ ЖИЛЭЭС 50 ХУВЬ ӨСЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/01/21     БАГАНУУРЫН БАТАРЕЙ ХУРИМТЛУУРЫН СТАНЦ ТӨВИЙН СИСТЕМД 7.566.000 КВТ.ЦАГ ЭРЧИМ ХҮЧ НИЙЛҮҮЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/21     ОУСК-ИЙН МОНГОЛ ДАХЬ СУУРИН ТӨЛӨӨЛӨГЧӨӨР МАТЬЮ ЛЕ БЛАН ТОМИЛОГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/21     БНХАУ-ЫН НҮҮРСНИЙ ОЛБОРЛОЛТ 2024 ОНД 1.3 ХУВИАР ӨСӨЖ, БҮХ ЦАГ ҮЕИЙН ДЭЭД ТҮВШИНД ХҮРЧЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/21     “MONGOLIAN MINING CORPORATION”-ИЙН НҮҮРСНИЙ ОЛБОРЛОЛТ, БОРЛУУЛАЛТ 2024 ОНЫ IV УЛИРАЛД ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/21     МОНГОЛ УЛС ХИЙМЭЛ ОЮУНД ТУЛГУУРЛАСАН СТРАТЕГИЙН ПЛАТФОРМ АШИГЛАХАД ДЭЗФ-ТАЙ ХАМТАРНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/21     $1.6 ТЭРБУМЫН "ЗӨӨВЧ-ОВОО" ТӨСЛИЙН ХӨГЖҮҮЛЭЛТ ЦӨМИЙН ЭРЧИМ ХҮЧНИЙ "СЭРГЭН МАНДАЛТ"-ЫН ҮЕТЭЙ ДАВХЦАХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/20     ТӨСВИЙН ТЭНЦВЭРЖҮҮЛСЭН ТЭНЦЭЛ 2024 ОНЫ ЭЦЭСТ ₮776.2 ТЭРБУМЫН АЛДАГДАЛТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/20     "ТОСОН" ДУЛААНЫ ЦАХИЛГААН СТАНЦЫГ СҮЛЖЭЭНД ЗАЛГАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/20    

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

NEWS

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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."
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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.
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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.
 
 
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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.
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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."
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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.
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China warns Brexit will 'cast shadow' over global economy www.bbc.com

China finance experts have warned that Britain's decision to leave the European Union will "cast a shadow over the global economy".
Finance minister Lou Jiwei said the "repercussions and fallout" will emerge over the next five to 10 years.
Huang Yiping, a member of China's central bank monetary policy committee, said the Brexit could mark a "reversal of globalisation".
If so, he said, it would be "very bad" for both the world and China.
Last year, China was responsible for $3.3 billion worth of foreign direct investment in Britain, according to law firm Baker & McKenzie. Between 2005 and 2015, it has invested nearly $30 billion in Britain.
David Cameron announced £40 billion worth of deals between Britain and China following a visit to the UK by President Xi Jinping in October last year.
While Mr Lou said the result "will cast a shadow over the global economy", he added that it was difficult to predict the outcome and said the reaction from global 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.
Follow the latest developments on our live page
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 Japanese yen which is seen by investors as a safe haven for investors in times of crisis.
Japan hinted that it may intervene to stem the yen's strength.
Tomomi Inada, chairwoman of the Policy Research Council of the ruling Liberal Democratic Party, said: "Speculative, violent moves (in the forex market) have extremely negative effects. If necessary, the government should not hesitate to respond, including currency intervention."
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.
In the Middle East, shares on the Saudi Arabia stock exchange fell 3.7% on Sunday.
Weak pound, big opportunities
Anand Mahindra, chairman of Mahindra Group, the 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 and a certain amount of objectivity and reason return to the perspective in which the Brexit is viewed from tomorrow."
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 Manhindra.

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. So I'm certainly going to drive that point home."

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Tokyo shares hit year-to-date low on Brexit vote www3.nhk.or.jp/nhkworld/

Tokyo stocks plunged to a new low for the year on Friday on the news that "Leave" voters had secured a majority in the referendum on Britain's membership of the EU.
 
On the Tokyo Stock Exchange, share prices fell across the board on Friday afternoon after the BBC reported that the "Leave" camp was set to win.
 
The benchmark Nikkei Average briefly lost more than 1,300 points to fall below 15,000.
 
The index ended the day at 14,952, down 1,286 points from Thursday's close.
 
The drop is larger than the previous record one-day fall marked after the 2008 global financial crisis.
 
The TOPIX index of all first-section issues lost 94 points to finish at 1,204.
 
Market players say the global economic outlook has become even more uncertain after the British vote.
 
They say markets are in a state of shock because polls indicated that the "Remain" camp was in the lead.
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Development Bank of Mongolia becomes partner of SCO Interbank Consortium www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia’s Development Bank became a partner of the Interbank Consortium of the Shanghai Cooperation Organization (SCO IBC) according to a decision made at a meeting of the SCO IBC Council in Tashkent June 23.
 
During the meeting, chaired by Uzbekistan’s National Bank for Foreign Economic Activity, the Council members also discussed the elaboration of the SCO IBC development strategy for 2017-2021, more active cooperation with the Silk Road Foundation, and the cooperation with international financial organizations operating in the SCO area.
 
Kazakhstan’s Development Bank was elected the bank-chairman of SCO IBC for 2016-2017.
 
The Shanghai Cooperation Organization Interbank Consortium (SCO IBC) was established on October 26, 2005 under a decision made by the Council of Heads of SCO Member States.
 
The IBC incorporates the following SCO member states’ authorized banks and credit institutions: Kazakhstan’s Development Bank, China State Development Bank, Kyrgyzstan’s RSK Bank, Russia’s State Corporation Bank for Development and Foreign Economic Affairs, Tajikistan’s State Savings Bank Amonatbonk and Uzbekistan’s National Bank for Foreign Economic Affairs, reports trend.az.
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GLOBAL MARKETS ARE IN CHAOS AFTER UK VOTES TO LEAVE EU www.businessinsider.com/

The UK has voted to leave the EU, according to projections from multiple outlets including iTV, the BBC, and SkyNews.
 
In an absolutely stunning result, this means the UK will now likely begin the process of leaving the European Union, the first member of the bloc to leave since its formation in 1993.
 
Following this result, global financial markets are in complete chaos with some of the most stunning moves you'll ever see taking place tonight.
 
Charts below are as of roughly 12:30 a.m. ET in New York, or 5:30 a.m. in London.
For starters, S&P 500 futures in the US are currently limit-down after falling 5%, meaning futures trading won't re-open until 9:30 a.m. ET when markets open.
 
Dow futures are also down sharply, falling 3.9% or more than 700 points.Headlining the proceedings is a mind-blowing drop in the British pound, which is down over 10% against the US dollar to around $1.33, a 31-year low.
The pound is also getting crushed against the Japanese yen - which has seen a monster rally on Thursday - with the pound losing 14% against the yen.
London FTSE futures are down 9.4%.Futures for Germany's DAX are off more than 8%.US Treasury bonds are also catching a massive bid with the 10-year Treasury yield falling to as low as 1.48% (bond prices rise when yields fall).
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