1 43,000 PASSENGER CARS IMPORTED IN THE FIRST HALF OF 2026 WWW.GOGO.MN PUBLISHED:2026/08/12      2 OIL REFINERY CONSTRUCTION TO BE INTENSIFIED AND LEGISLATIVE BOTTLENECKS REMOVED WWW.MONTSAME.MN PUBLISHED:2026/08/12      3 TEN YEARS OF 'HUNNU ROCK': THE HU LAUNCHES NEW WORLD TOUR WWW.MONTSAME.MN PUBLISHED:2026/08/12      4 NATIONAL AI COUNCIL ESTABLISHED TO DRIVE DIGITAL ECONOMY WWW.MONTSAME.MN PUBLISHED:2026/08/12      5 THE MAGIC OF MONGOLIA: WHY PEOPLE VISIT THE MOST SPARSELY POPULATED COUNTRY IN THE WORLD WWW.JACKSFLIGHTCLUB.COM PUBLISHED:2026/08/12      6 THE MOST EXPENSIVE MISTAKE MONGOLIAN COMPANIES KEEP MAKING AND CALLING IT A HIRING DECISION (BLOG) WWW.LAMBDA.GLOBAL PUBLISHED:2026/08/12      7 MONGOLIA SUCCESSFULLY TESTS INTERCITY FREIGHT TRANSPORT WITH HEAVY ELECTRIC TRUCKS FOR THE FIRST TIME WWW.OPEN.KG PUBLISHED:2026/08/12      8 MONGOLIA RATIONS GASOLINE AS FUEL SHORTAGES SEND DRIVERS INTO LONG LINES WWW.INTELLINEWS.COM PUBLISHED:2026/08/12      9 VIEWS EXCHANGED WITH ADB ON EDUCATION SECTOR REFORM AND COOPERATION WWW.MONTSAME.MN PUBLISHED:2026/08/12      10 “FOREIGNERS WHO LEARN ABOUT CHINGGIS KHAAN THROUGH HISTORY AND THE HU THROUGH MUSIC ARE BECOMING MORE INTERESTED IN THE MONGOLIAN LANGUAGE” WWW.GOGO.MN PUBLISHED:2026/08/12      Ц.САНДАГ-ОЧИР: МОНГОЛ УЛСЫН НИЙТ ГАЗАР НУТГИЙН 81.9 ХУВЬ ЦӨЛЖИЛТӨД ӨРТСӨН БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/08/12     МӨНГӨНИЙ БОДЛОГЫН ХҮҮГ 0.5 ХУВИАР ӨСГӨВ WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/12     ШАТАХУУН ОЛГОДОГ ЗОХИЦУУЛАЛТЫГ БЯМБА ГАРАГААР ТАСАЛБАР БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/12     БАГАХАНГАЙ-ХӨШИГИЙН ХӨНДИЙ-ЭМЭЭЛТ ЧИГЛЭЛИЙН 214.9 КМ ТӨМӨР ЗАМ ИРЭХ САРД АШИГЛАЛТАД ОРНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/12     "НЕФТЬ БОЛОВСРУУЛАХ ҮЙЛДВЭРИЙГ ТҮШИГЛЭН ТЕХНОЛОГИЙН ПАРК БАЙГУУЛНА" WWW.NEWS.MN НИЙТЭЛСЭН:2026/08/12     “БАЯНХОШУУ ДЭД ТӨВ”-ИЙН ДАРААГИЙН 150 АЙЛЫН БАРИЛГЫН АЖИЛ 92 ХУВЬТАЙ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/08/12     НАЙМДУГААР САРЫН ШАТАХУУНЫ ХЭРЭГЛЭЭГ БҮРЭН ХАНГАХ НӨХЦӨЛ БҮРДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/08/12     БАГАХАНГАЙ -ХӨШИГИЙН ХӨНДИЙ - ЭМЭЭЛТ ЧИГЛЭЛИЙН ТӨМӨР ЗАМЫН ТӨСЛИЙГ ХЭЛЭЛЦЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/08/12     МОНГОЛ ДАХЬ ГАДААД АЖИЛЧДЫН ТОО 43 ХУВИАР ӨСЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/08/12     "ШАТАХУУНЫ НӨӨЦГҮЙ БОЛСОН УЛС, ОРНУУД ЗАЙНААС АЖИЛЛАХ БОДЛОГО ХЭРЭГЖҮҮЛЖ ЭХЭЛСЭН" WWW.GOGO.MN НИЙТЭЛСЭН:2026/08/12    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

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

NEWS

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China's richest man still wants to buy a Hollywood studio www.cnn.com

China's richest man has a problem: No one is willing to sell him a Hollywood studio.
Despite signs of increased hostility toward Chinese investment in the U.S., Wang Jianlin still wants to buy one of Hollywood's "Big Six."
"If we are able to buy one of the top six, that would be a great thing to do," the chairman of Dalian Wanda Group said Wednesday at the World Economic Forum in Davos. "However, these six are not in a selling mood. That's something we can't crack."
Wang, who runs a gigantic real estate and entertainment business, has made a series of high-profile Hollywood acquisitions in recent years. But a major studio has proved elusive.
"Let me just communicate this message: I would be a happy buyer," Wang said of the studios, which include 20th Century Fox and Warner Bros (owned by CNN parent Time Warner (TWX)).

Wang's investments in the U.S. have attracted the attention of some U.S. lawmakers, who have called for tougher government scrutiny of such deals.
Wang brushed aside those concerns, saying the U.S. had nothing to fear.
"So far, the U.S. government has not launched any censorship or control of entertainment," he said. "That would be a step back."
But Wang also made clear that there would be consequences if the U.S. chose to interfere.
"If China were to retaliate, it would be bad for both parties," he said, adding that he had asked the head of the Motion Picture Association of America to tell President-elect Donald Trump: "No war, please."
But it's far from a level playing field. China already enforces strict controls on American entertainment companies, limiting the number of Western movies that can be shown in cinemas, and censoring their content.

Buying a major Hollywood studio would make Wang a top player in the industry. He already owns the AMC Theaters chain, and is active in film distribution. A major studio would give him control of film production, too.
If a deal were to materialize, he pledged to take a hands-off approach with the studio.
"It's still a company run by Americans," he said. "We won't interfere with content. We just want the profit."

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Russia's Sberbank Planning Joint Venture With Chinese E-Retail Giant Alibaba www.themoscowtimes.com

Russia's largest bank is planning a potential joint venture with Chinese e-retail giant Alibaba, the Kommersant newspaper reported Wednesday.

Representatives from state-owned Sberbank and the Alibaba Group have already met this month to discuss the potential project, the newspaper reported, citing an unnamed source.

Any joint venture would see Sberbank control at least a 50 percent stake and provide much of the financial investment, the source said. In return, the Alibaba group would use its existing cross-border infrastructure and delivery systems across Russia neighboring countries.

The venture, which may become one of the largest players in Russian e-commerce, could be worth several billion dollars, Kommersant reported.

The Alibaba Group registered a Russian subsidiary in June 2015, opening its flagship e-commerce site AliExpress to Russian retailers five months later.

The online retail market continues to grow in Russia, with 43 percent of Russians buying from foreign online retailers in the past 12 months, according to research from the Data Insight company in March 2016.

Russian retailers exporting online have also seen their sales almost double over the past year, outstripping domestic e-commerce with sales worth approximately $2 billion.

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$25 trillion investment needed to meet future oil demand www.rt.com

The world needs to invest $25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World Economic Forum in Davos on Tuesday.

According to the CEO of Saudi Arabia’s giant state-held oil company, global demand for oil and gas will still grow in the coming decades, so if capital investment drops, it could create “spikes” in prices and hurt the global economy, CNBC reports. Demand is still healthy and oil “will be with us for decades”, CNBC quoted Nasser as telling a Wall Street Journal panel at the Davos forum.

The global oil and gas industry needs to expand and requires more investment, Nasser said.

After two years of significantly lowered capital investment by the industry, a recent report by Wood Mackenzie suggests that “the global investment cycle will show the first signs of growth in 2017, bringing the crushing two-year investment slump to a close”.

WoodMac sees E&P global spend rise with about 3 percent in 2017 to around $450 billion. According to WoodMac’s Malcolm Dickson, ‘’companies will get more bang for their buck,” as internal rates of return jump from 9 to 16 percent, comparing 2014 to 2017.

The chart below from WoodMac shows that the amount of final investment decisions (FID’s) are expected to double in 2017, compared to 2016.

At the WEF, Saudi Aramco’s chief executive noted that renewables would gain some market share in the long run, but renewable energy would not dominate.

“It will take decades for them [renewables] to replace petroleum resources. So what we are doing in Saudi Aramco we are building our capacity in the oil,” according to the manager.

Saudi Arabia currently has oil capacity of 12.5 million bpd, which it continues to build upon, Nasser said.

The Kingdom also plans to double its gas capacity over the next decade, which would enable it to ship more crude oil onto the market, Saudi Aramco’s manager added.

Just yesterday, Saudi Arabia’s Energy Minister Khalid Al-Falih said that his country would begin soliciting bids for a “massive” renewable energy push, with spending reaching as high as $50 billion. The move is intended to source at least 10 GW of electricity from solar and wind by 2023, a rapid escalation of renewable energy installations for the Kingdom in order to conserve oil for exports.

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Mongolia has now a debt of USD80 million loan to Chalco www.mongolia.gogo.mn

 
Mongolian Government has now a debt of USD80 million loan to the Aluminum Corporation of China Limited (Chalco). Mongolia has been paying off its USD 350 million debt to Chalco since 2011.
65 per cent of all extracted coal from East Tsankhi block of Tavantolgoi mine has been paid back to “TTJVCO” company for its extraction work and 35 per cent has been supplied to Chalco for the loan repayment.
The Erdenes Tavantolgoi Company could not raise its coal price more than USD30, when coal price jumped to over USD200 in the world market due to the loan agreement. However the company has managed to agree with Chalco to supply coal from East Tsankhi block of Tavantolgoi at USD59.3 within the first quarter. That price is expected to be kept till the second quarter.
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HP Enterprise just bought a $1 billion startup for $650 million www.businessinsider.com

 
HP Enterprise has bought SimpliVity, a Massachussetts-based storage startup, for $650 million in cash.
 
At the time of SimpliVity's last fundraising, in March 2015, the company had declared that it was valued at "more than $1 billion." All in all, SimpliVity had raised $276 million from investors like Kleiner Perkins, Accel, and Waypoint Capital.
 
That discounted purchase price is not an encouraging sign for the viability of "unicorn" startups of $1 billion or more. In 2017, companies like Snap, Spotify, and Dropbox will likely have to justify their enormous valuations to Wall Street, and deals like this one will only enhance investor skepticism.
 
SimpliVity competed most directly with Nutanix, a fellow former "unicorn" with a private valuation of $2 billion, that went public in September 2016.
 
Both companies were racing to make a dent in the market for so-called "hyperconverged" infrastructure, a more cost- efficient way of handling data center-scale server storage that poses a threat to hardware giants like Dell EMC and HP Enterprise. Spending in this market is expected to reach $19 billion by 2018, Gartner predicts.
 
By buying SimpliVity, HP Enterprise takes the startup's capabilities and adds it to their own — crucial as the company moves to compete with the combined Dell EMC juggernaut, following the close of their mega-merger. Dell EMC, for its part, has been investing heavily in the market, and resells Nutanix hardware to its customers.
 
On a final note, SimpliVity has an interesting background: Founder and CEO Doron Kempel was once part of an elite Israeli special forces unit charged with killing Saddam Hussein, on a failed 1992 mission that resulted in five casualties. Afterwards, Kempel moved to the United States to work for EMC and, later, IBM.
 
More recently, SimpliVity was tapped as consultants for the most recent season of HBO's "Silicon Valley," where they helped the showrunners make sure that Pied Piper's "beautiful box" was as realistic as possible.
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Tibet leads in China's electricity consumption growth www.chinadaily.com

LHASA - Tibet reported the fastest growth in electricity consumption across China last year as its economy continued to grow at a double-digit rate for a 24th consecutive year.

Tibet consumed 4.18 billion kilowatt hours of electricity in 2016, up 21.4 percent, according to an industry report.

The region achieved a gross domestic product of 115 billion yuan ($17 billion) in 2016, 11.5 percent up on 2015, according to the local annual legislative meeting held last week. The rate is nearly 5 percentage points higher than the national average.

Two electricity transmission lines, one from Qinghai and the other from Sichuan, were put into operation in 2012 and 2014.

With the power grid now covering nearly 80 percent of counties in Tibet, electricity consumption in rural areas has grown.

The region is also replacing coal burning with electricity.

"A total of 142 million kilowatt hours of electricity replaced coal in 2016," said Liu Xiaoming with the State Grid's Tibet Electric Power Co. "The region is expected to replace 177,100 tons of coal with one billion kilowatt hours of electricity."

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Tech firms hope to seek opportunities in Israel www.chinadaily.com.cn

 
A Beijing-based online game company, 7k7k.com, hopes to learn more about the Israeli market to prepare for possible business opportunities there.
 
The company attended a conference called Why Israel, held by Great Wall Club on Tuesday, where experts and industry insiders shared their insights on Israel and experiences in working with the Israeli people.
 
"We don't have business there (in Israel) right now. But we are very interested in it," said Deng Lu, business development director of the company.
 
7k7k.com is one among many Chinese companies that have shown zest for the Middle Eastern country.
 
Shengjing FOF, a Chinese fund that invests globally, has teamed up with Chinese tech giants in investing Israeli's venture capital fund Jerusalem Venture Partners and private equity fund Viola.
 
Managing partner of Shengjing FOF Wang Xiangyun believed that the innovative and entrepreneurial climate in Israel is second only to the Silicon Valley in the United States.
 
The premier investment environment featuring openness to foreign capital, sound legal system, and excellent exit channels makes Israel a good place to invest, she said at the meet.
 
According to Chinese news outlet the Economic Observer citing data by Israel Venture Capital, the total amount of Chinese investment in Israeli startup companies is expected to reach $500 million and Chinese investment in Israeli VC funds is expected to rise 18 percent to $1 billion in 2016.
 
Israel gives top priority to education, scientific research and innovation, said Han Jun, deputy chief appraiser of the National Center for Science and Technology Evaluation and former technology counselor of the Chinese embassy in Israel.
 
Israel's R&D input accounts for 4.5 percent of its gross domestic product (GDP), its education input takes up eight percent of the GDP, and it ranks first worldwide in the number of per capita patent applications, according to Han.
 
"Innovation is embedded in the DNA of the Jewish people," Han reckoned. Over many years of work in Israel, he found that the Jewish people are diligent, frugal, efficient, and down-to-earth. Chinese companies should take into account these traits while communicating with them, he added.
 
Israelis seek business opportunities via financial advisors, business events, hangout places for entrepreneurs, start-up communities, referral from other entrepreneurs, among others, said Li Xiaoyuan, deputy general manager of the Israel Chamber of Commerce in China, which has around 120 members, of which 70 percent are Israeli companies.
 
The Global Mobile Internet Conference (GMIC), to be held on Tel Aviv on March 22, will be a good opportunity for communication between Chinese and Israeli tech companies, Great Wall Club chief executive Hao Yi said.
 
Tel Aviv will be GMIC's first leg around the globe this year, followed by eight other cities including Beijing, Sao Paulo and Bangalore. More than 1,000 companies attended the GMIC in Tel Aviv last year.
 
To add its appeal, the GMIC-X, a gala that brings music and technology together and received 430 million online clicks when debuted in Beijing last year, will stage in Tel Aviv for the first time, Hao said, welcoming companies to take the chance to interact with Israeli locals.
 
Since its founding in 2008, Great Wall Club has been committed to building a platform for global innovators. It has held the GMIC in the past eight years, turning it into the world's largest and most influential mobile internet event.
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DRC drops opposition to Lundin copper deal www.mining.com

The Democratic Republic of Congo has dropped its opposition to the sale of the Tenke Fungurume mine by Freeport-McMoRan (NYSE:FCX) and Lundin Mining’s (TSX:LUN) to Chinese investors for $3.8 billion.

State-owned Gecamines which owns 20% of the copper mine, strongly opposed the deal and in October opened an arbitration case in Paris. Gecamines was particularly unhappy about Lundin’s right of first refusal to take up a majority stake and its subsequent decision to sell its 24% interest in Tenke to a Chinese private equity firm for $1.14 billion over Gecamines' objections.

According to a report by Bloomberg, Gecamines would receive an undisclosed amount in compensation:

Gecamines has opposed similar transactions in the past. In 2012, it almost stopped the acquisition of Anvil Mining NL by China’s Minmetals Resources Ltd. The deal proceeded after they reached an agreement that included Anvil paying $55 million to Gecamines.
The Lundin transaction came after joint-venture partner Freeport-McMoRan (NYSE:FCX) signed a deal to sell its 56% holding in the project to China Molybdenum (CMOC) for up to $2.65 billion back in May.

Tenke, which cost $3 billion to build, holds one of the world’s largest known copper resources. The high-grade mine in 2015 produced 203,965 tonnes of the red metal and just over 16,000 tonnes of cobalt.

Even in its current form Tenke is a prized asset notwithstanding its location in one of the more difficult mining jurisdictions in the world. But a contemplated expansion of the mine would likely boost copper cathode production capacity towards 500,000 tonnes per year.

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Japanese firms likely to review Europe strategy www3.nhk.or.jp

Japanese companies will likely review their business strategies for Europe as British Prime Minister Theresa May says her country will take a "hard Brexit" and seek a complete withdrawal from the European Union.

Japan's Foreign Ministry says over a thousand Japanese companies had their regional headquarters in Britain as of October 2015. Only Germany had more in Europe.
Many Japanese firms regard Britain as a business hub for the region. The country's official language is English and its environment is seen as business-friendly.

Many Japanese automakers including Nissan, Toyota, and Honda operate factories in Britain.

Nissan officials announced last October they would continue production there after the country leaves the EU. They said the UK government's support and assurances encouraged their decision.

But Nissan officials might now review their production system. That's because Britain leaving the EU-single market could result in tariffs being imposed on vehicles exported from the UK to EU member nations.

The automaker plans to examine how Britain's complete withdrawal will affect its business.

Japanese pharmaceutical firms may also reconsider their strategies. The European Medicines Agency tests drug products and is based in London. The body needs to approve products before they can be sold in EU countries. But experts say the EMA may re-locate after Brexit.

The head of a Japanese association of drug makers has expressed concern over how Britain's decision could affect Japan's medical industry.

Yoshihiko Hatanaka, the president of the Japan Pharmaceutical Manufacturers Association, says separate approval systems between Britain and the EU will make a significant impact on the markets.

Many Japanese financial firms that operate in Europe may also be affected. That's because they use the EU's "single passport" system. It allows companies legally established in one member country to provide services throughout the bloc.

Sumitomo Mitsui Banking Corporation and Daiwa Securities obtained a single passport in Britain. But their passports could become invalid after Brexit.

Analysts say they might now apply for a single passport again in the EU by leaving London and setting up a business base elsewhere.

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President Ts.Elbegdorj attends World Economic Forum www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The President of Mongolia Tsakhiagiin Elbegdorj is attending the 47th annual meeting of the World Economic Forum at Davos-Klosters, Switzerland. The World Economic Forum Annual Meeting 2017 is running on 17-20 January with theme “Responsive and Responsible Leadership”.

Within the framework of the forum, President Ts.Elbegdorj is to participate in sessions, meetings and discussions regarding issues on priorities of next US administration, energy priorities of the region, silk road, responsible leadership in the multi-polar world and mining and nature protection policy, expressing position of Mongolia and sharing his views.

Mongolian participation in the forum at high level is considered highly significant to promote the country, give its contribution to resolve global problems and challenges, introduce the current state of economic development of the country and attract foreign investment.

The World Economic Forum Annual Meeting in Davos-Klosters is considered a creative force for engaging the world’s top leaders in collaborative activities to shape the global, regional and industry agendas at the beginning of each year.

This year, the meeting will focus on four key leadership challenges for 2017: strengthening global collaboration, revitalizing economic growth, reforming capitalism and preparing for the Fourth Industrial Revolution – a huge leap powered by the digital age, which is transforming the way we live and work. It will do this through a programme where more than half of the 400 sessions focus on social inclusion and development.

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