1 PRESIDENT OF MONGOLIA U. KHURELSUKH TO PAY A STATE VISIT TO THE REPUBLIC OF INDIA WWW.PRESIDENT.MN PUBLISHED:2025/10/13      2 HOTEL MONGOLIA: YOU CAN CHECK OUT OF JAIL, BUT CAN’T LEAVE THE COUNTRY WWW.AFR.COM PUBLISHED:2025/10/13      3 BANK OF MONGOLIA: OUTLOOK FOR COAL AND IRON ORE PRICES REMAINS UNCERTAIN WWW.GOGO.MN PUBLISHED:2025/10/13      4 OVER 14,000 EARTHQUAKES RECORDED IN MONGOLIA IN 10M2025 WWW.QAZINFORM.COM PUBLISHED:2025/10/13      5 JAAP VAN HIERDEN ON THE UN IN MONGOLIA (AND VICE VERSA) WWW.THEDIPLOMAT.COM PUBLISHED:2025/10/11      6 MONGOLIA TRADE SURPLUS LARGEST IN OVER A YEAR WWW.TRADINGECONOMICS.COM PUBLISHED:2025/10/11      7 MONGOLIA INFLATION RATE AT 6-MONTH HIGH WWW.TRADINGECONOMICS.COM PUBLISHED:2025/10/11      8 PROCUREMENT AND CONSTRUCTION OF PREMIUM NEW DISTRIBUTION CENTER (EOI ANNOUNCEMENT) WWW.MONTSAME.MN PUBLISHED:2025/10/10      9 SIGNING OF GRANT AGREEMENT WITH MONGOLIA：CONTRIBUTING TO STRENGTHENING THE FOUNDATION FOR DEVELOPING ENGINEERS THROUGH A JAPANESE-STYLE PRACTICAL TRAINING FACILITY AND EQUIPMENT WWW.JICA.GO.JP PUBLISHED:2025/10/10      10 PETRO MATAD SHARES SURGE AFTER MONGOLIA TESTS ‘EXCEEDED EXPECTATIONS’ WWW.UKINVESTORMAGAZINE.CO.UK PUBLISHED:2025/10/09      ЭРЧИМ ХҮЧНИЙ САЛБАРЫН ӨВӨЛЖИЛТИЙН БЭЛТГЭЛ 87 ХУВЬТАЙ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/13     МАН-ЫН ЗОДООН 2026 ОНЫ ТӨСВИЙГ ГАЦААЖ, НИЙГЭМ, ЭДИЙН ЗАСГИЙН ТОГТВОРГҮЙ БАЙДАЛ ҮҮСГЭЛЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/13     УЛААНБААТАРТ 1 КГ ҮХРИЙН ЦУЛ МАХЫГ 24364 ТӨГРӨГӨӨР ХУДАЛДАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/10/13     МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ ЭНЭТХЭГ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.PRESIDENT.MN НИЙТЭЛСЭН:2025/10/11     ИНФЛЯЦ 9 ХУВЬД ХҮРЧЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/10/11     МОНГОЛ УЛСЫН АНХНЫ ОЛОН УЛСЫН СТАНДАРТ БАТЛАГДЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/10/11     ДАМБАДАРЖАА ДЭД ТӨВИЙН ДЭД БҮТЦИЙН БҮТЭЭН БАЙГУУЛАЛТЫН АЖИЛ 71 ХУВЬТАЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/11     ЕВРОПЫН ХОЛБОО БОЛОН МОНГОЛ УЛСЫН БИЗНЕС, ХӨРӨНГӨ ОРУУЛАЛТЫН ФОРУМ БОЛНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/10/10     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСӨЛ 38 ХУВИЙН ГҮЙЦЭТГЭЛТЭЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/10/10     МОНГОЛООС 20 САЯАР АВДАГ ШОНХОР ШУВУУ САУДЫН АРАБД 622 САЯ ТӨГРӨГӨӨР ЗАРАГДЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/10/09    

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Events

Events

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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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UB City and ADB sign agreement on “Establishing the Future Cities Program” implementation www.mongolia.gogo.mn

On August 11. the Administration of the Ulaanbaatar City and the Asian Development Bank (ADB) established a Memorandum of Understanding on implementing Establishing the Future Cities Program.
The MoU was signed by the Mayor of Ulaanbaatar S.Batbold and the Country Director of ADB for Mongolia Yolanda Fernandez Lommen. Establishing the Future Cities in the Asia and Pacific Region is a technical assistance program, being realized in five Asian countries.
In its scope, small projects aiming at promoting the Smart Ulaanbaatar program, improving local financing mechanism, and introducing international platform for endorsing infrastructural investment to Mongolia.
Mayor S.Batbold extended gratitude to the ADB for its consistent collaboration in the UB’s vital problems such as air and soil pollution, public transport and many others. “ADB has become one of the key partners of the UB City in the recent years”, he noted.
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Ikata reactor restarted www3.nhk.or.jp

The Ikata nuclear power plant in Ehime Prefecture, western Japan, has been reactivated for the first time in more than 5 years. It is the third plant to go online under new regulations issued after the Fukushima Daiichi nuclear disaster.

Operator Shikoku Electric Power Company restarted the plant's No.3 reactor at around 9 AM on Friday. It removed the control rods, which are designed to contain nuclear fission reactions.

The reactor is expected to achieve a self-sustaining nuclear chain reaction by Saturday morning if the process goes as scheduled.

The utility plans to begin electricity generation and transmission to the grid on Monday, and start commercial operation early next month.

The reactor had been undergoing final inspections after clearing the new government regulations last year.

It had been offline since a regular inspection one month after the 2011 nuclear accident in Fukushima. It was last rebooted in March 2010.

The utility says the plant's workforce includes personnel who have no experience operating a reactor, as well as veteran workers who have not rebooted a reactor for a long time.

The firm says it will spend more than 20 hours to achieve criticality of the reactor. That's 5 hours longer than the previous reboot.

Two reactors at the Sendai plant in Kagoshima Prefecture, southern Japan, have been operating since last year.

Two reactors at the Takahama plant in Fukui Prefecture, central Japan, were restarted earlier this year. But a court injunction has suspended their operation.

Applications for restarting 21 other reactors at 14 nuclear plants across Japan are being processed at the Nuclear Regulation Authority.

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Alibaba shows strong global growth www.bbc.com

China's Alibaba has seen a sharp increase in international sales, a sign that it is finally making strides outside its home turf.
Its latest results show international sales increased by 123% to 1.1bn yuan ($165m, £127m) between April and June.
However, that figure still made up just 4% of Alibaba's overall revenue.
The e-commerce giant, founded the billionaire Jack Ma, is a well-known name throughout China but has struggled to break into markets like the US.
"They have a lot of room for growth in China, but they need to look at other markets and think about the 10 to 20 year growth," said Hakon Helgesen, retail analyst at the consultancy Conlumino.
Tactics
The company, which is listed in the US, attributed a large portion of the increase in international sales to the purchase of Lazada - a Singapore based e-commerce firm. The deal was completed in mid-April.
Mr Helgesen said this represented a change in Alibaba's strategy from trying to build a presence in established markets like the US - where the company is competing against big name players like Amazon - to focusing on more embryonic markets, particularly in Southeast Asia, where e-commerce sales are large but the market is still developing.
"I expect it will continue to do this through acquisition and this will be more of a change in tactic and a long term decision," said Mr Helgesen.
Alibaba has expressed a clear desire to expand its presence internationally and plan for the next 10 to 20 years.
As growth in the Chinese economy flags, this expansion will be more important.
The company also reported the strongest earnings since it began selling shares on the stock exchange in 2014.
Revenue for the quarter rose to 32.2bn yuan from 20.3bn yuan last year.
Profit dropped by 77% from a year earlier to 7.1bn yuan, but last year's figures were flattered by a big gain from the company separating out its film business.
Mobile growth
Alibaba also increased the number of sales by mobile users. The number of Chinese users buying products on Alibaba through their mobile phones rose to 427 million from 410 million in the three months previous.
"We passed an important milestone this quarter in achieving higher monetization of mobile users than non-mobile users for the first time, reflecting the success of our strategy to stay ahead of the curve by embracing mobile," said Maggie Wu, chief financial officer.
Mobile growth has been a key metric for investors who were concerned about whether the company could make this transition.
On a call with investors after the earnings were released, Alibaba did not address an investigation by the Securities and Exchange Commission (SEC) into its accounting practice.
The SEC is looking into the data reported from Alibaba's Singles Day - its highly popular one-day shopping festival.
Alibaba is also facing a lawsuit from several international luxury brands accusing the company of not policing the sale of knock-off products on its site.
 
 
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Google Fined $7M by Russian Competition Watchdog www.themoscowtimes.com

Russia’s anti-monopoly regulator has fined U.S. technology giant Google 438 million rubles ($6.7 million) for abusing its dominant position in the Russian market.

Google was found guilty of breaking competition laws by forcing phone manufacturers to pre-install its applications with the Android platform after a complaint was filed by a Russian competitor. Google must pay the fine in full within two months, but the regulator insists an out-of-court settlement is still open, .

Google recently moved ahead of rival Yandex as Russia’s most popular online service, the Vedomosti newspaper wrote, attributing the company's success to Google’s Android operating system.

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Dow, S&P and Nasdaq all hit new record highs www.bbc.com

All three major US indexes hit record highs - the first time they have done so on the same day since 1999 - as oil and retail stocks rose.
The Dow Jones rose 117.8 points, or 0.6%, to 18,613.5.
The wider S&P 500 index climbed 10.3 points to 2,185.7, while the Nasdaq was 23.8 points higher at 2,185.7.
A stock market rally since late June has pushed the S&P up 7% in 2016, helped by better-than-expected quarterly results.
However, some investors are concerned about high valuations. The S&P 500 is now priced at about 17 times expected profits, compared with a 10-year average of 14 times, according to Thomson Reuters data.
"I'm a bit surprised to see us hitting record highs again," said Randy Frederick of Charles Schwab in Austin. "We are pretty topped out and we should move sideways for awhile."
Oil prices spiked 4%, with US crude reaching $43.37 a barrel and Brent crude rising to $45.89 a barrel.
Earlier Saudi Arabia's energy minister suggested that petroleum suppliers should cut production to help rebalance global oil prices.
Shares of Chevron climbed 1.3%, while Exxon Mobil was 0.4% higher.
Shares in Macy's jumped 17% after the department store chain said like-for-like sales fell by less than expected in the most recent quarter and announced plans to shut 100 stores.
Rival department stores also saw their share prices climb. Nordstrom's and Dillard's both rose more than 7.5%.
Retailer Kohl's jumped 16% after its profits came in above Wall Street's expectations.
Chinese e-commerce giant Alibaba rose 5% after reporting a 50% increase in quarterly revenues.
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Australia blocks Chinese firm from stake in electricity grid www.bbc.com

Australia's government has preliminarily blocked Chinese and Hong Kong bidders from taking a controlling stake in the country's largest electricity network, citing worries over national security.
In a statement to the media, the Australian Treasurer Scott Morrison has said the foreign investment proposals from Chinese and Hong Kong bidders "were contrary to the national interest."
China's State Grid Corp and Hong Kong's Cheung Kong Infrastructure Holdings were attempting to buy a 50.4% controlling stake in Ausgrid, which is New South Wales's electricity distribution network - the largest in the country.
Neither has commented so far on the blocking of this sale, but undoubtedly the reaction in Chinese media will be one of outrage.
Australia's move comes as the UK has postponed approval for the Hinkley Point nuclear power project, in which China's General Nuclear Power Corporation will have a minority stake, on similar concerns.
The power grid sale, which is reportedly worth around $7.5bn (£5.8bn), would have allowed the Chinese and Hong Kong bidders to acquire the controlling stake in Ausgrid for 99 years.
Ausgrid was appealing to international investors because it is seen as yielding stable and positive returns.
Chinese companies have been on a global acquisition spree, buying up resources and power firms in Asia as I've been reporting. Take the Edra asset in Malaysia for example, which was also not without controversy.
But Australia's Mr Morrison said that during the review process, national security issues were identified in critical power and communications services that Ausgrid provides to business and governments.
Mr Morisson said the bidders need to address these concerns, and that they have until 18 August to submit their proposals to him, at which time a final decision will be made on the project.
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Japan's machinery orders up in June www3.nhk.or.jp

Japan's machinery orders for June rose for the first time in 3 months.
 
The Cabinet Office on Wednesday released the data, which indicates future capital spending by Japanese companies. They say orders rose by 8.3 percent from May.
 
The figure excludes the shipbuilding and power sectors, which tend to see large fluctuations.
 
Orders from manufacturers jumped 17.7 percent in June, as orders for airplane parts rose.
 
Orders from non-manufacturers increased by 2.1 percent, mainly due to demand for rail vehicles.
 
Cabinet Office officials say large-scale orders pushed up the June figure. But they maintained their basic assessment that over the past 3 months as a whole, orders were at a standstill.
 
The officials also released their outlook for the July-to-September quarter. They predict an increase of 5.2 percent from the previous 3-month period.
 
They say the increase will be partly due to the effects of government subsidies.
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BMW to recall nearly 12,000 vehicles in S. Korea for faulty baby seat latch www.xinhuanet.com

SEOUL, German carmaker BMW is required to recall about 12,000 vehicles for faulty baby seat latch, Seoul's transportation ministry said on Wednesday.
 
BMW Korea, the South Korean importer and distributor of BMW brand, will be subject to recalling 11,968 vehicles of 11 models, including X3 xDrive20i, that were produced between Nov. 19, 2010 and April 15 this year, according to the Ministry of Land, Infrastructure and Transport.
 
Welding defect was found from latches for baby seat of the models, raising possibility for baby seat not to be fixed properly, the ministry said.
 
Owners of the vehicles will be allowed to repair free of charge from next Friday.
 
GM Korea, the South Korean unit of U.S.-based General Motors, will be subject to recalling 384 vehicles of Malibu and Alpheon models that were manufactured between July 9 and July 13.
 
Those vehicles have a faulty buckle in back seat belt. Owners of the vehicles can exchange the buckles free of charge from next Wednesday.
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Copper price falls again despite monster Chinese imports www.mining.com

In New York trade on Tuesday copper for delivery in September suffered another down day despite indications of continued strong Chinese demand.
 
Copper dipped to $2.14 per pound ($4,718 a tonne), a four-week low. While other industrial metals and steelmaking raw materials have jumped in value this year, industry bellwether copper has been underperforming badly. The red metal is now trading flat year to date following a 26% decline in 2015.
 
China is responsible for more than 45% of copper demand and according to customs data released yesterday the country's imports of unwrought copper and copper products were 360,000 tonnes during July.
 
That's a 14.3% decline from June which was mostly ascribed to seasonal factors but shipment still showed a slight improvement compared to July 2015 . For the first seven months refined imports are by nearly one-fifth at 3.1 million tonnes from the same period last year. Imports of refined metal hit a record 570,000 tonnes in March.
 
The increase in copper concentrate imports are even more dramatic. Chinese smelters imported 1.38 million tonnes or 2.2% more concentrate last month than June.
 
Compared to July last year concentrate imports surged 42.8%. For the first seven months imports are up 36% at 9.4 million tonnes. Concentrate imports hit an all-time high in December.
 
"You'll have to wait a few more weeks, or maybe one or two months, until the seasonally low demand from China is over and demand picks up," Daniel Briesemann at Commerzbank in Frankfurt told CNBC after the release of the import data:
 
Commerzbank's outlook is much sunnier than other analysts. Consensus forecast of 30 institutions compiled by FocusEconomics in July sees copper averaging $4,867 in the final quarter of 2016 and $5,168 in Q4 2017.
 
Goldman Sachs came out with a particularly bearish forecast on Friday and the investment bank now predicts double digit declines for the metal to a low of $1.80 per pound 12 months from now as a wall of new supply from Chile, Peru and Zambia hits the market.
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KFC told to stop using chicken treated with antibiotics www.bbc.com

The company that owns Kentucky Fried Chicken is facing new calls to stop using poultry that has been treated with antibiotics.
US consumer groups will deliver a petition signed by more than 350,000 people to Yum Brands on Wednesday.
KFC has already promised to limit the use of human antibiotics in its chicken by next year.
However, critics claim the policy effectively allows for routine use of antibiotics by its chicken suppliers.
The chain does not allow the use of antibiotics to promote the growth of poultry in line with federal government rules.
A KFC spokesperson said it was reviewing whether it could force suppliers to go beyond Food and Drug Administration rules on antibiotics usage.
"KFC is lagging woefully behind - diners around the country want KFC to step up," said Lena Brook of the Natural Resources Defense Council, which is one of the groups delivering petitions to KFC headquarters in Louisville, Kentucky.
The action comes a day after Yum investors submitted a proposal asking that the company to speed up plans to stop using antibiotics in its meat.
Other Yum brand chains - Taco Bell and Pizza Hut - plan to cut the use of chicken treated with antibiotics by early next year.
Medical experts warn that the routine use of antibiotics to promote growth and prevent illness in farm animals contributes to the rise of drug-resistant "superbug" infections that kill at least 23,000 Americans each year and represent a significant threat to global health.
Fast food restaurants have become a focal point for change in the food industry by forcing suppliers to change their practices.
Last week McDonald's said it had switched to antibiotic-free chickens in the US and Canada.
Chick-fil-A, another big US fast food chicken chain, has promised to use only antibiotic-free chickens by 2019.

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