1 NUMBER OF FOREIGN VISITORS ENTERING MONGOLIA INCREASED BY 32.6 PERCENT COMPARED TO PREVIOUS YEAR WWW.MONTSAME.MN PUBLISHED:2025/01/29      2 “ATAR-4” SUSTAINABLE AGRICULTURE DEVELOPMENT CAMPAIGN TO BEGIN IN FEBRUARY WWW.MONTSAME.MN PUBLISHED:2025/01/29      3 MONGOLIA TO RESUME SPRING HORSE RACING WWW.XINHUANET.COM PUBLISHED:2025/01/29      4 20TH LIFESTYLE WEEK TRADE FAIR TOKYO, JAPAN. JULY 02-04. 2025 WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/01/29      5 MONGOLIA'S WORKFORCE DEMAND IN 2025 WILL REACH 83.7 THOUSAND WWW.MONTSAME.MN PUBLISHED:2025/01/29      6 IMPLEMENTATION OF TAX LAW UNDER DISCUSSION WWW.MONTSAME.MN PUBLISHED:2025/01/29      7 MEET THE WOMAN BRINGING AI TO MONGOLIA’S NOMADIC HERDERS WWW.CNN.COM PUBLISHED:2025/01/29      8 MONGOLIA TO IMPLEMENT PROJECT FOR IMPROVING PEATLAND ECOSYTEMS WWW.MONTSAME.MN PUBLISHED:2025/01/29      9 MONGOLIA AT DAVOS 2025: AI AND EMERGING INDUSTRIES WWW.THEDIPLOMAT.COM PUBLISHED:2025/01/29      10 A STEPPE FORWARD: HOW TO REVIVE MONGOLIA'S GRASSLANDS AND FIGHT CLIMATE CHANGE WWW.BLOGS.ADB.ORG  PUBLISHED:2025/01/29      ИРЭХ САРЫН 1-НЭЭС АВТОБУСААР ЗОРЧИХДОО 1000 ТӨГРӨГ ТӨЛНӨ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/29     "АТРЫН IV" АЯНЫГ ХЭРЭГЖҮҮЛЖ ТАРИАЛАЛТАА 200 МЯНГА ГА-ГААР НЭМЭГДҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/29     ЗӨВХӨН УГААЖ, САМНАСАН НООЛУУР ЭКСПОРТЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/29     "20TH LIFESTYLE WEEK" ОЛОН УЛСЫН ҮЗЭСГЭЛЭН ЯАРМАГ ТОКИО, ЯПОН 2025 ОНЫ 7 САРЫН 02-04 WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/01/29     УЛСЫН ХИЛЭЭР ОРСОН ГАДААДЫН ЗОРЧИГЧИД ӨМНӨХ ОНЫХООС 32.6 ХУВИАР ӨСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/29     ТӨЛБӨРТ ЗОГСООЛУУДЫГ НИЙСЛЭЛ ХАРИУЦАЖ, МЕНЕЖМЕНТИЙГ ХУВИЙН КОМПАНИ ХИЙНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/29     ЗГ: МАХНЫ ҮНИЙГ БУУРУУЛАХЫН ТУЛД ЭКСПОРТЫГ ХЯЗГААРЛАНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/29     Л.ЭНХ-АМГАЛАН: ХУУЛЬ БУСААР УРАЛДААН ЗОХИОН БАЙГУУЛСАН ХҮМҮҮСТ ЭРҮҮГИЙН ХАРИУЦЛАГА ХҮЛЭЭЛГЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/29     ЦАХИУРЫН ХӨНДИЙД $1 ИХ НАЯДЫН ЦОХИЛТ АМСУУЛСАН "DEEPSEEK"-ИЙН ТАЛААР ТАНЫ МЭДВЭЛ ЗОХИХ БҮХ ЗҮЙЛ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/29     ХӨДӨЛМӨРИЙН ЗАХ ЗЭЭЛД ЭНЭ ОНД 83.7 МЯНГАН АЖИЛЛАХ ХҮЧНИЙ ЭРЭЛТ ҮҮСЭХЭЭР БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/29    

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

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.
...


64x64

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."

...


64x64

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.
...


64x64

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.
...


64x64

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).
...


64x64

China, Russia, Mongolia endorse development plan on economic corridor www.xinhuanet.com

TASHKENT, June 23 (Xinhua) -- China, Russia and Mongolia inked a development plan here on Thursday to build an economic corridor linking the three neighbors, pledging to boost transportation connectivity and economic cooperation in border regions.

The plan was signed after a meeting of Chinese President Xi Jinping, Russian President Vladimir Putin and Mongolian President Tsakhiagiin Elbegdorj in the Uzbek capital of Tashkent ahead of an annual summit of the Shanghai Cooperation Organization (SCO).

While chairing the trilateral meeting, the third of its kind, the Chinese president reviewed the achievements the three countries have made in implementing their mid-term roadmap for cooperation, saying progress and positive results have been made in such areas as trade and economy, cultural and people-to-people exchanges, transit transport, tourism and sports.

"The Chinese side is satisfied with the momentum of our trilateral cooperation," Xi said.

He proposed that the three countries continue to center on the aligning of China's Silk Road Economic Belt initiative, Russia's development strategies, especially its transcontinental rail plan, and Mongolia's Steppe Road program to actively advance the trilateral cooperation.

Xi called on the three countries to well implement the development plan to build the economic corridor and strengthen cooperation in transportation infrastructure connectivity, port construction, industrial capacity, investment, trade and economy, cultural and people-to-people exchanges, and environmental protection, thus producing outcomes at an early date.

"We three sides should actively engage in the discussion of building cross-border economic cooperation zones, enhance industrial tie-in, boost sub-regional cooperation in our adjacent areas, and promote the common development of our adjacent areas," Xi said.

The Chinese president also urged the three countries to expand cooperation within the framework of the SCO, especially in such areas as transit transportation, food security, disaster reduction and energy.

Putin said Russia, China and Mongolia are friendly neighbors based on equality, respect and mutual benefit.

He said Russia, in light of the three countries' consensus, is committed to working with China and Mongolia to well implement the projects of transportation and infrastructure construction, speed up simplifying port procedures, and promote regional economic integration process.

Russia is also willing to increase cultural and people-to-people exchanges with the other two countries, he added.

For his part, Elbegdorj said the development plan on the economic corridor linking the three countries is very important, adding that Mongolia stands ready to join hands with China and Russia to advance the construction of transportation infrastructure and strengthen economic cooperation in border regions.

Mongolia also hopes to enhance cooperation with the other two countries in agriculture and disaster relief, he said.

After the meeting, the three heads of state also witnessed the signing of a trilateral agreement on the mutual recognition of the customs supervision results on certain commodities.

The 16th meeting of the SCO Council of Heads of State is scheduled to be held in Tashkent on Thursday and Friday.

...


64x64

THE POUND JUST DROPPED TO A 30-YEAR LOW www.businessinsider.com

The British pound is getting destroyed.
 
The currency dropped by over 11.0% to a low as 1.3239 against the dollar around 12:30 a.m. ET (5:30 a.m. BST) after BBC called Leave.
 
That's a 30-year low.
 
The huge drop in the pound comes after BBC, Sky News, and ITV all called a Brexit.
 
"The usual caveats exist about liquidity but these moves are concerning and bring back pretty painful memories of 2008," Jeremy Cook, chief economist at the international payments company, World First, said in an emailed statement to Business Insider earlier in the evening.
 
"GBPUSD didn't have this bad a day in the Global Financial Crisis and the moves by the bookies to price Leave as the favourite is killing the pound. News from Wales is the most concerning at the moment alongside the London turnout dynamics.
 
Notably, the Japanese yen - a safe-haven currency that investors dive into when things get rocky - was up by 15.2% against the British pound at 133.92 per pound as of 11:47 p.m. ET (4:47 p.m. BST)
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook