1 GTJAI ASSISTS STATE BANK OF MONGOLIA IN COMPLETING A US$100 MILLION REG S BOND TAP ISSUANCE WWW.ACNNEWSWIRE.COM PUBLISHED:2026/05/12      2 BATSUMBEREL N. ELECTED MPP DEPUTY CHAIRMAN WWW.MONTSAME.MN PUBLISHED:2026/05/12      3 JICA TWO-STEP LOAN PROJECT DELIVERS LONG-TERM FINANCING TO MONGOLIAN SMES WWW.MONTSAME.MN PUBLISHED:2026/05/12      4 UN HIGH COMMISSIONER FOR HUMAN RIGHTS VOLKER TÜRK VISITING MONGOLIA WWW.GOGO.MN PUBLISHED:2026/05/12      5 ‘CLIMATE REFUGEES’ FLEEING RED DUST WWW.UBPOST.MN PUBLISHED:2026/05/12      6 NATIONAL RESILIENCE STRATEGY TO BE DEVELOPED, APPROVED FOLLOWING PRESIDENTIAL DIRECTIVE WWW.MONTSAME.MN PUBLISHED:2026/05/12      7 BOOK EXCHANGE PROGRAM LAUNCHED WITH U.S. LIBRARY OF CONGRESS WWW.MONTSAME.MN PUBLISHED:2026/05/12      8 CHINA-MONGOLIA MEGA RAILWAY PROJECT ENTERS CRITICAL PHASE WWW.CHINADAILY.COM.CN PUBLISHED:2026/05/12      9 MONGOLIA’S FOREIGN TRADE TURNOVER REACHES USD 10.5 BILLION WWW.MONTSAME.MN PUBLISHED:2026/05/12      10 ASIATIC WILD ASS RETURNS TO EASTERN MONGOLIA AFTER 65-YEAR ISOLATION FROM LANDSCAPE FENCING WWW.GOODNEWSNETWORK.ORG PUBLISHED:2026/05/12      СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ САЛБАРТ АНХ УДАА ӨРСӨЛДӨӨНТ СОНГОН ШАЛГАРУУЛАЛТ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     АТГ: ШААРДЛАГА ХАНГААГҮЙ КОМПАНИД 6.5 ТЭРБУМЫН САНХҮҮЖИЛТ ОЛГОСОН ХЭРГИЙГ ШҮҮХЭД ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     Б.БАТЦЭЦЭГ: БРАЗИЛ, ИСПАНИ, КЕНИ УЛСАД ЭЛЧИН САЙДЫН ЯАМАА НЭЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     “ХАО ГАН” КОМПАНИ МОНГОЛ РУУ 6.5 САЯ ТОНН ЖИМС, ХҮНСНИЙ НОГОО ЭКСПОРТОЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     МОНГОЛ, БНХАУ-ЫН ХАМТАРСАН ҮЙЛДВЭРЛЭЛ, ХУДАЛДААНЫ ЧӨЛӨӨТ БҮСИЙГ ХӨГЖҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     НИЙТИЙН АЛБАН ТУШААЛТАН ХАХУУЛЬ АВСАН ХЭРГҮҮДИЙГ ШҮҮХЭД ШИЛЖҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/05/12     "РИО ТИНТО"-Д МЕНЕЖМЕНТИЙН ТӨЛБӨРИЙГ БУУРУУЛАХ СОНИРХОЛ АЛГА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/05/12     МАНАЙ ТӨРИЙН БАЙГАА ЦАРАЙГ ЗАСГИЙН ХЯНАГЧ, ЯАМНЫ БЭЛТГЭСЭН ЭМГЭНЭЛ ХАРУУЛАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/05/12     "2033 ОН ГЭХЭД 23 КМ УРТ ҮЕРИЙН ХАМГААЛАЛТЫН ДАЛАНГ ШИНЭЭР БАРИНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12     "МОНГОЛ УЛС НЭН ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ АВАХ БОЛОМЖ ХУМИГДАЖ БАЙНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/05/12    

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Events

Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Foreign Minister’s visit to China continues www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Foreign Affairs of Mongolia Ts.Munkh-Orgil is on an official visit to the People’s Republic of China at the invitation of his counterpart Wang Yi. On February 20, Monday, the Foreign Minister met with three officials - Li Yuanchao, Vice President, Fu Ying, Chairperson of the Foreign Affairs Committee of the National People’s Congress and Gao Hucheng, Minister of Commerce.

Vice President Li Yuanchao expressed his confidence that the visit by Mongolia’s Foreign Minister will contribute to strengthening mutual political trust and progressing bilateral ties. In return, the Foreign Minister noted that developing friendly relations with China is a main direction in Mongolia’s foreign policy, and that Mongolia attaches a great significance to bilateral strategic partnership. He invited the Vice President to pay a visit to Mongolia at his convenience.

During the meeting with Chairperson Fu Ying, sides agreed that the establishment of a regular parliamentary exchange mechanism between Mongolia and China was crucial to cooperation between the law-making bodies of the two countries, and a joint meeting of the mechanism should be held in the near future.

Foreign Minister Ts.Munkh-Orgil and Commerce Minister Gao Hucheng exchanged views, and agreed on enforcing Mongolia-China trade and economic cooperation, carrying through agreements reached on high level, organizing a meeting of the working group of Mongolia-China intergovernmental commission, intensifying the task to establish a joint border region, accelerating the implementation of projects funded by non-refundable aids and soft loans, and organizing trainings and seminars under Silk Road Fund and Asian Infrastructure and Investment Bank. The Chinese side expressed its readiness to work towards expanding bilateral financial ties at this time of economic difficulty in Mongolia.

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Copper price turns higher again – Grasberg gashed www.mining.com

In New York on Monday copper for delivery in March jumped 1.6% to $2.7515 per pound or $6,066 a tonne after listed copper miner Freeport McMoRan said negotiations with the Indonesian government to restart exports from its Grasberg mine in Papua province has stalled. Copper is trading at levels last seen late May 2015 with year-to-date gains of just under 9%.

Phoenix-Arizona-based Freeport said in an update as a result its operating subsidiary in the country PT-FI "is proceeding with its plan to suspend investments in Papua, reduce its production by approximately 60 percent from normal levels and implement cost savings plans involving significant reductions in its work force and spending levels with local suppliers."

Freeport said its 25%-owned smelter in the Asian nation which has been hit by a strike expects to resume operations in March, but warned that its first quarter production has taken a substantial hit:

Assuming resumption of PT Smelting’s operations in March and a continuation of the ban on exports, FCX estimates its first quarter sales will be reduced, resulting in deferrals of approximately 170 million pounds and 270,000 ounces, representing a reduction of approximately 17 percent for copper and 59 percent for gold of its consolidated first quarter sales.
Freeport Indonesia is proceeding with its plan to suspend investments in Papua and reduce its production by approximately 60 percent from normal levels
In January Freeport said for each month of delay in obtaining approval to export, the Indonesian subsidiary's share of production is projected to be reduced by approximately 32,000 tonnes of copper and 100,000 ounces of gold.

Freeport also said consolidated sales volumes from Indonesia mining operations assuming normal operations, including the resumption of concentrate exports in February 2017 and the renewal of its smelters export license are expected to total 590,000 tonnes of copper and 2.2 million ounces of gold for the year 2017.

Force majeure at Escondida
The copper price is also being kept on the boil after BHP Billiton declared force majeure at its Escondida mine in Chile ten days ago saying it could no longer meet contractual obligations on metals shipments from the mine, the world's largest copper operation by a wide margin.

The union representing some 2,500 striking workers at Escondida last week agreed to participate in government mediation, and according to a Reuters report BHP will be attending a meeting on Monday if blockades of non-striking workers and contractors are lifted.

BHP operates and majority owns the mine with fellow Melbourne diversified giant Rio Tinto. The previous labour deal was signed four years ago when copper was trading around $3.40 a pound.

In its recent financial results BHP expected full-year production at Escondida of 1.07 million tonnes, which gives the mine a nearly 5% shares of global primary copper production. BHP also cut full year guidance by 40,000 tonnes to 1.62m tonnes.

After a relatively quiet year in 2016 for supply disruptions (there is around a 6% production swing factor in global production of over 20 million tonnes) due to bad weather, labour action and other unforeseen events, 2017 is already off to a bad start.

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Thai economy slows as the country mourns late king www3.nhk.or.jp

 
Thailand's economy lost steam during the quarter ending in December. Cutbacks and curbed consumption occurred after the country went into mourning for the late King Bhumibol Adulyadej who died in October.
 
Thailand's National Economic and Social Development Board announced on Monday that the country's GDP expanded 3 percent during the quarter compared to a year before.
 
That's 0.2 percentage points lower than the previous quarter, and the lowest in a year.
 
A decrease in the number of tourists slowed down the overall economy. Personal consumption also slowed during the period to mark a growth of 2.5 percent compared to a year before.
 
But the planning agency expects the economy to expand between 3 to 4 percent this year, thanks to the brisk global economy.
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Dulux owner invests in UK paint research www.bbc.com

 
AkzoNobel, the company that makes Dulux and Hammerite paint, is investing €12.6m (£10.7m) in a new research facility in north-eastern England.
The firm, known for its Old English sheepdog mascot, is putting the money into its R&D site in Felling, Gateshead.
As well as household paint, the firm produces specialist coatings for the mining and energy industries.
AkzoNobel said Felling was the "logical spot" for this investment.
The new facility will be able to simulate extreme environments, similar to the North Pole or a fire on an oil rig, to test new products.
"We are creating a kind of a campus of different research and development activities and strengths that we can then use for products that can be sold in the rest of the world," Ton Buchner, AkzoNobel's chief executive, told the BBC.
The company already employs 270 people at its site in Felling. The investment in a UK hub, rather than expanding research facilities elsewhere, would safeguard those jobs.
Research will focus on protection to make hydroelectric dams last longer, coatings to reduce emissions from coal-fired power plants and innovations in fire protection.
Pound effect
A €110m Dulux paint factory in nearby Ashington, Northumbria, is also about to begin production, the firm said.
AkzoNobel's chief executive, Ton Buchner, told the BBC that the vote for Brexit was not an obstacle to further investment in the UK.
The fall in the value of the pound since the EU referendum had "actually made it easier for some of the exporting of the products that are there", he said.
AkzoNobel is based in Amsterdam, and reports its financial results in euros. The fall in the pound, therefore, reduces the amount AkzoNobel earns from the UK.
But if the pound remains weak, then money invested into the UK will go further than in its other major research sites in Singapore and the Netherlands.
However, Mr Buchner said prices could rise for some products in the UK as a result of the devaluation of the pound.
"There is a possibility prices are going up in some of the areas where we sell into the market," he said.
The company's most recent accounts show decorative paints revenue was down 4% in 2016, "mainly due to unfavourable currency effects, in particular the pound sterling and currencies in Latin America".
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Greece: EU and IMF in 'common position' www.bbc.com

 
German finance minister Wolfgang Schaeuble has said the institutions in charge of Greece's bailout have reached a "common position" on how to proceed.
His comments appear to indicate that deadlock between the EU and the International Monetary Fund over the next steps may have been resolved.
The IMF has said Greece needs more leeway to pay its huge debts before further rescue funds can be released.
However, the eurozone has been reluctant to go much further.
Arriving for a meeting of eurozone finance ministers in Brussels, Mr Schaeuble said: "I believe the institutions have a common position and that we will get to a point today where the technical mission can go to Athens so we can get a result."
The IMF said it was indeed sending a mission to Greece, but it was "too early to speculate" about whether some sort of agreement would be reached as a result.
It added: "More progress will be needed to bridge differences on other important issues."
No 'haircut'
In its most recent assessment of the Greek economy, the IMF said: "Greece cannot grow out of its debt problem. Greece requires substantial debt relief from its European partners to restore debt sustainability."
Eurozone governments have provided some debt relief already, in the form of lower interest rates and extended repayment periods. IMF staff think Greece needs more concessions.
However, the Fund has said there was no need for what it calls an "upfront haircut" - a reduction in the principal that has ultimately to be repaid.
In another development, the head of the European Stability Mechanism - the eurozone's bailout fund - said in a newspaper interview that Greece's finances were improving faster than expected.
Klaus Regling told Germany's Bild that Greece would probably need far less than the agreed maximum loan of 86bn euros (£73bn) by August 2018 as a result.
Athens has made a 2bn-euro repayment to the bailout fund as expected, which Mr Regling said showed "Greece is a reliable contract partner. It is a sign that the restructuring of the Greek banking sector is progressing well."
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Global weapons sales highest since end of Cold War www.rt.com

 
Over the last five years, the world trade in arms has reached a level not seen since 1990. The Middle East and Asia remain the key markets for weapons, according to a report from the Stockholm International Peace Research Institute (SIPRI).
 
India is still the world’s largest arms buyer, accounting for 13 percent of global imports between 2012 and 2016 against 9.7 percent the previous five years. The country bought most of its arms from Russia.
 
“While China is increasingly able to substitute arms imports with indigenous products, India remains dependent on weapons technology from many willing suppliers, including Russia, the USA, European states, Israel and South Korea,” said Siemon Wezeman, Senior Researcher with the SIPRI’s arms and military expenditure program.
 
Saudi Arabia, which leads a military intervention in Yemen, became the second biggest buyer of arms, followed by the United Arab Emirates, China, and Algeria, the study said.
 
The kingdom’s arms imports soared 212 percent compared to the previous five years, accounting for 8.2 percent of global weapons imports. Riyadh bought weapons mostly from the US and the UK, the report said.
 
All in all, arms imports by countries in the Middle East increased 86 percent in the five years through 2016 with Qatar increasing purchases by 245 percent. However, Iran, being under an arms embargo, received only 1.2 percent of total arms sales to the region.
 
The US remained the world's biggest arms exporter, accounting for 33 percent of all weapons sold in the five years through 2016, the study found. Russia is the second largest supplier, while China took third place.
 
“The US has delivered a lot of weapons in 2016, both very expensive weapons and strategically important weapons - missile systems, surveillance and navigation technology. The weight of the US in the global arms trade is so big that it's enough to shape the trend,” said Aude Fleurant, the director of SIPRI's arms and military expenditure program.
 
US and Russia together supplied more than half of all exports. China, France, and Germany were also among the top five exporters.
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Russia overtakes Saudi Arabia as world's top crude producer www.rt.com

 
Russia has once again taken the crown from Saudi Arabia as the world’s biggest oil producer. The two countries are global leaders in crude production by a wide margin, trading the top spot from time to time.
 
Russia produced 10.49 million barrels per day (bpd) in December, down 29,000 barrels a day from November. Saudi Arabia’s output dropped to 10.46 million bpd from 10.72 million bpd, according to Monday's data from the Joint Organizations Data Initiative in Riyadh.
 
This was the first time Russia became top producer since March 2016. Riyadh’s crude exports fell to eight million bpd from 8.26 million bpd in November, the biggest monthly slide since May 2003.
 
The United States is in third place, producing 8.8 million bpd in December. At the same time, America is neck-and-neck with China as the world's largest crude importer, buying 7.88 million bpd of crude last year.
 
The growth in US production mostly came from the Texas’ Permian Basin and Eagle Ford regions, which have better quality oil. However, local refineries can’t process it because they are geared to process poorer quality crude from Canada and Venezuela. The US producers export the higher quality oil and import what they need from abroad.
 
The Organization of the Petroleum Exporting Countries (OPEC) and oil producers outside the cartel led by Russia have agreed to prop up prices by cutting production by almost 1.8 million barrels per day during the first half of the year to curb a global oversupply.
 
On Monday, Brent crude was trading at $56.18 per barrel, while the US benchmark West Texas Intermediate rose to $53.69.
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"Accounting best practices" MBD Business mission to Sydney, Australia (Registration will be closed in 2 days) www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) is starting to register the Mongolian business delegates to "Accounting best practices" theme targeted business program jointly with Saki partners Australia www.sakipartners.com.au and Dr.Nigel Finch, Honorary Consul-General of Mongolia in Sydney.

The business program includes a half day special training seminar and Australian accounting and financial company visits.

The Australian Partner Dr. Finch is a Managing Director of Saki Partners, Chartered Accountant, a Chartered Tax Adviser and a Fellow of CPA. He is a member of the Representative Council of CPA Australia, a director of the Australia Mongolia Business Council and a director of several companies listed on the Australian Securities Exchange. He recently served as a Dean of Accounting Department of Sydney University.

For more information please visit the following link http://www.mongolianbusinessdatabase.com/base/eventsdetails?id=17 and register at contact@mongolianbusinessdatabase.com or by tel: 77109911 and 98994787.

The registration will be closed by February 22, 2017.

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IHI to unload Westinghouse stake www3.nhk.or.jp

 
Executives at struggling electronics maker Toshiba say they're going to buy all shares of their US nuclear-power subsidiary from major Japanese engineering firm IHI. Toshiba is predicting a loss of more than 6 billion dollars from its unit Westinghouse.
Toshiba will buy IHI's total stake, totaling 3 percent, for 157 million dollars in May.
Toshiba currently holds 87 percent of Westinghouse. Kazakhstan's state-run uranium mining company Kazatomprom has 10 percent.
IHI officials say the massive size of Toshiba's loss announced last week prompted them to ask Toshiba to buy them out to avoid any damage to their own business.
Toshiba purchased Westinghouse in 2006. It signed a contract with IHI at the time, stating it would purchase IHI's shares should the company want to unload them.
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Tax rates on vehicle, alcoholic products and tobacco to increase www.gogo.mn

Excise taxes on vehicle, alcoholic products and tobacco as well as social insurance premium and personal income tax will be increased starting 1st of April, 2017 in accordance with the Staff-Level Agreement between Mongolia and International Monetary Fund on Three-Year Extended Fund Facility. 
Vehicle excise duty will be increased by 3-15 percent depending on the engine capacity and aging.
Excise taxes rates on alcoholic products and tobacco will be added by 10 percent by 2018, 5 percent by 2019 and 5 percent by 2020. Customs tax on imported tobacco is now at 5 percent. Minister of Finance noted that the custom tax on tobacco is lower than limits set by the World Trade Organization and it shall be increased up to 30 percent. 
Interest income on personal savings accounts will be taxed from 1st of April, 2017. However it is unclear that whether the taxes will be imposed on all taxpayers or owners of savings more than MNT 100 million. 
In addition, social insurance premium rate will be risen by 2 percent by 2018, 1 percent by 2019 and 2 percent by 2020. Currently employee pay 10 percent and employer pay an average of 11 percent monthly for social insurance premium. Thus the rate will be increased to 12 percent next year.
Moreover IMF demanded to increase personal income tax rate by 10, 15, 20 percent depending on the amount of salary. Currently individuals pay 10 percent of PIT in Mongolia. However its effective date is unclear. 
During the negitiations with the IMF, authorities discussed whether to increase value added tax (VAT) rate. However it has decided not to add the VAT.

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