1 UNDP, GEF, AND GOVERNMENT OF MONGOLIA LAUNCH GREEN AND INCLUSIVE CITIES INITIATIVE TO TRANSFORM URBAN DEVELOPMENT WWW.UNDP.ORG PUBLISHED:2026/04/29      2 JADE GAS HOLDINGS SECURES KEY APPROVAL FOR MONGOLIAN GAS PRODUCTION LICENCE WWW.SMALLCAPS.COM.AU PUBLISHED:2026/04/28      3 MARKET ENTERING SHORT-TERM STABLE GROWTH WWW.MONTSAME.MN PUBLISHED:2026/04/28      4 BEAR ATTACKS LIVESTOCK, DESTROYS BEEHIVE IN SELENGE WWW.MONTSAME.MN PUBLISHED:2026/04/28      5 MONGOLIA HAS SUBMITTED A BID TO HOST THE 2038 ASIAN GAMES, COMPETING WITH SOUTH KOREA AND INDIA WWW.OPEN.KG PUBLISHED:2026/04/28      6 WHAT CAN WE, MONGOLIANS, LEARN FROM THE COUNTRY THAT PRODUCES 40% OF THE WORLD'S URANIUM? WWW.OPEN.KG PUBLISHED:2026/04/28      7 EXPERTS HIGHLY EVALUATE ECONOMIC COOPERATION BETWEEN MONGOLIA, CHINA, AND RUSSIA AT THE TRANSBAIKAL FORUM WWW.OPEN.KG PUBLISHED:2026/04/28      8 MONGOLIA IS REDEFINING STEPPE DIPLOMACY WITH KAZAKHSTAN WWW.MONTSAME.MN PUBLISHED:2026/04/28      9 15 BUILDINGS, FACILITIES RETURNED TO MUNICIPAL OWNERSHIP OVER THE PAST TWO YEARS WWW.MONTSAME.MN PUBLISHED:2026/04/28      10 SENDLY NBFI JSC AWARDED BEST MONEY TRANSFER PROVIDER IN MONGOLIA 2026 BY GLOBAL BANKING & FINANCE REVIEW® WWW.GLOBALBANKINGANDFINANCE.COM PUBLISHED:2026/04/28      ТАЗ: 2025 ОНД 13284 ХҮН ТӨРИЙН АЛБАНААС ГАРСАН WWW.GOGO.MN НИЙТЭЛСЭН:2026/04/28     Г.ЭНХТАЙВАН: БАНКУУД ГАДНААС УРТ ХУГАЦААТАЙ ЭХ ҮҮСВЭР ТАТВАЛ МОНГОЛБАНК ДЭМЖИНЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/04/28     ЭНЭ ОНД 34 БАЙРШИЛД 410 ГАРААШ БУУЛГАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/28     МУИС-ИЙН ХУУЛЬ ЗҮЙН СУРГУУЛИЙН БАРИЛГА ИРЭХ ОНЫ ЭХЭНД БҮРЭН АШИГЛАЛТАД ОРНО WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/28     ЭКСПОРТЫН БООМТУУД ДЭЭРХ ГААЛИЙН БАЙЦААГЧ НАРЫГ УРТАСГАСАН ЦАГААР АЖИЛЛАХЫГ ҮҮРЭГ БОЛГОЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/04/28     НОГООН НУУР ОРЧИМД ХИЙМЭЛ НУУР, НОГООН БАЙГУУЛАМЖ БҮХИЙ ЦЭЦЭРЛЭГТ ХҮРЭЭЛЭН БАЙГУУЛНА ГЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/04/28     Л.ЭНХ-АМГАЛАН: БОЛОВСРОЛЫН ЯАМНЫ ТЕНДЕРИЙН ХАР ЖАГСААЛТЫГ ЗАРЛАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/04/28     ӨДӨРТ 4 ТОНН БОРДОО БОЛОВСРУУЛДАГ ҮЙЛДВЭР АШИГЛАЛТАД ОРОВ WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/28     ЕАЭЗХ: ШИНЭ ЗАХ ЗЭЭЛД ГАРАХ БОЛОМЖ НЭЭГДСЭН Ч БЭЛТГЭЛ ДУТУУ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/28     МАН-ЫН БҮЛЭГ ХУДАЛДАА, АЖ ҮЙЛДВЭРИЙН ТАНХИМЫН ТУХАЙ ХУУЛИЙГ ДЭМЖЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/28    

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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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Japan sees opportunity in the Earth's percolating heat www.asia.nikkei.com

TOKYO -- Fifty years ago, Japan's first geothermal power plant went online. Now with the world thirstier than ever for renewable energy, the country's decades of experience in the field is presenting a big export opportunity.
 
This is one reason why Japanese companies find themselves in the middle of a rain forest in the Indonesian province of North Sumatra, about an eight-hour drive from provincial capital of Medan.
 
They are developing a plant that, once completed, will be the world's largest single geothermal power station. All together, the three facilities at the Sarulla plant will be able to generate 320,000kW of electricity. The No. 1 unit is already steaming ahead of its official launch by the end of the year.
 
"This might become a geothermal hot spot," one industry official said.
 
The huge project will cost more than $1.6 billion. Trading house Itochu and Kyushu Electric Power each have a 25% stake in the special purpose company responsible for the plant's construction, maintenance and operation. Inpex, an oil and gas developer, has 18%, and the rest is owned by Medco Power Indonesia, a major resource company, and other parties.
 
The Kyushu Electric group is an internationally recognized geothermal development consultant.
 
The turbines at the heart of the power units are made by Toshiba, the Japanese electronics maker. Alongside Mitsubishi Hitachi Power Systems, Toshiba is the world's top supplier of geothermal turbines, controlling 22% of the market.
 
Since subterraneous steam contains hydrogen sulfate and many other chemicals, "the turbines need to be even more durable and anti-corrosive than ordinary thermal power turbines," explained Kenichiro Furuya, group manager of Toshiba's Thermal & Hydro Power Systems & Services division.
 
It took a few years
 
Japanese companies first began gathering technological geothermal expertise at the Matsukawa power plant in Hachimantai, Iwate Prefecture.
 
Japan's first commercial geothermal plant is in a sulfurous hot spring area deep in the mountains. About 800 meters to 1,600 meters below the plant's impressive 46-meter cooling tower sits a steam pool where groundwater is heated by magma. Steam from the pool drives the turbines, which generate electricity.
 
The station was originally built by Japan Metals & Chemicals. The company began studying the area in 1956 with the help of the Agency of Industrial Science and Technology, now the National Institute of Advanced Industrial Science and Technology. The 2 billion-yen ($18.5 million at today's rate) project suffered a series of problems, a company official said. For instance, workers had to repeat a cycle of drilling a few hundred meters down, then stopping to check where the steam was.
 
Toshiba supplied the turbines, which began turning in October 1966 -- 10 years after the project began. The station's initial output capacity was 9,500kW, about 40% of today's 23,500kW.
 
Another of the problems was rock dust that accompanied the steam and sometimes broke the turbines. That's right: Clean energy isn't always clean.
 
It took a few years to stabilize operations.
 
Advatage, geothermal
 
The struggles in Hachimantai have helped the development of other geothermal power plants across
 
Japan. In the 1980s and 1990s, development spread in northeastern Japan and on the southern island of Kyushu -- two areas with vast geothermal resources.
 
Japan now has 14 geothermal power stations.
 
However, geothermal has never become a mainstream energy source. Compared to conventional fossil-fuel power stations, geothermal plants produce less power and take longer to build.
 
In 1966, when the Matsukawa plant finally went into service, Japan's first commercial nuclear power plant -- the Tokai power station, in Ibaraki Prefecture -- also began operating. Japan's geothermal energy development lost momentum in the mid-1990s as utilities opted for reactors and state subsidies dissipated.
 
With Japan nodding to nuclear, the geothermal industry shifted overseas.
 
The tide changed after the March 2011 earthquake that devastated northeastern Japan and the subsequent tsunami that crippled the Fukushima Daiichi nuclear power plant. Following the triple meltdown, Japan shut off all of its nuclear power stations.
 
The introduction of a feed in tariff system for renewable energy the following year also worked to geothermal's advantage.
 
Outsmarting overseas rivals
 
The cliche about Japan being resource-poor isn't exactly true; it has the world's third largest
geothermal "reservoir." To make the most of the pool's potential, the government in 2012 loosened regulations to make it easier to build geothermal power plants.
 
Though eclipsed by the solar industry after the feed in tariff system kicked in, geothermal is gradually gaining ground. A few dozen development projects are now underway.
 
The Agency for Natural Resources and Energy estimates that in 2030 domestic geothermal power output capacity will reach 1.4 million kilowatts, almost triple the amount today. Although that will still amount to a mere 1% of the overall power produced in the country -- up from the current 0.3% -- it will be a meaningful step forward.
 
Hopes are growing for Japanese companies to tap not only Southeast Asia but also Latin America. Japanese players are also helping Africa exploit its geothermal resources.
 
Thanks to growing environmental concerns around the world, global geothermal output is projected to swell from 12 million kW in 2015 to 21 million kW in 2020.
 
Japan wants multiple slices of this pie. And Katsumi Hironaka, deputy general manager of Mitsubishi Hitachi Power Systems' International New Energy Business Management Department, says they are there for the taking.
 
"We will," he said, "outsmart overseas rivals in maintenance, too."
 
 
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UBS won't change London presence any time soon, chairman says www.reuters.com

Swiss bank UBS will not make any changes to its London operations any time soon in the wake of Britain's vote to leave the European Union, the bank's chair of its board of directors, Axel Weber, said on Wednesday.
 
"We are not planning to change anything any time soon and we will wait and see where the dust settles", Weber said at a conference hosted by the bank.
 
The former Bundesbank chief added that he expected the Brexit process to generate further volatility going forward and that all the key decisions to be made in the very final stages of negotiations.
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Japan bank to provide loans for UK biomass project www3.nhk.or.jp

NHK has learned that a government-affiliated bank in Japan plans to provide funds for a biomass power project in Britain. The green energy uses materials from plants and animals, such as woodchips and cattle manure.

Sources say the Development Bank of Japan, along with other banks in Japan and Europe, will extend loans to build a plant near Middlesbrough.

The sources say the Development Bank will lend tens of millions of dollars in project financing.

With a capacity of 300 megawatts, the biomass plant will be one of the largest in the world. It is expected to start operating in 2020 and will supply electricity to 600,000 homes.

Biomass is seen as a more stable source of renewable energy than solar and wind power. It is also expected to help the forestry industry by using woodchips obtained by thinning trees.

Biomass power generation is expected to increase in Japan as the Paris Agreement has taken effect to cut greenhouse gas emissions worldwide.

The sources say the Development Bank is hoping to apply the know-how from the British project to promote renewable energy in Japan.

The bank is also financing solar and offshore wind power generation projects.

...


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Nintendo shares rise on Super Mario iPhone game date www.bbc.com

Shares in Nintendo have climbed after it announced a launch date for its new Super Mario game for the iPhone.
Super Mario Run will be released in Apple's App Store on 15 December, with users having to pay $10 (£8) for the full game.
Nintendo, which announced the tie-up last month, saw its shares jump by as much as 5%.
It hopes to build on the global success of its Pokemon Go app from earlier this year.
But because Pokemon was free to download, analysts said it did not generate as much money for the firm as it could have done.
Smartphones are the gaming industry's fastest growing source of revenue and the Japanese firm has been criticised for being slow on the uptake.
It has promised to to unveil more gaming titles by March 2017, with an Android version of Super Mario Run also planned.
The evolution of Super Mario
Super Mario Bros was created as a sequel to Donkey Kong. It is the most successful video game series of all time.
Mario is an Italian-American plumber and has a younger brother called Luigi.
In the game he has to navigate a series of levels, avoid enemies and collect coins along the way.
...


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Construction process of new airport project is at 99 percent www.mongolia.gogo.mn

The New Ulaanbaatar International Airport, a construction with the biggest foundation in Mongolia is designed with the capacity of up to 3 million passengers per year and have capacity to receive 1500 passengers per hour.
In comparison, the current airport (Chinggis Khaan International Airport, the largest airport in Mongolia) serves about 900,000 passengers per year (2011 figures). Also, the cargo capacity is projected to increase 10-fold.
The new airport is located 52 km south of Ulaanbaatar city center in Sergelen soum, Tuv province. It is also hoped to be an airline hub which connects Europe and East Asia, North America and South East Asia (through the Polar route).
 
In May 2008, a ¥28.8 billion (US$385 million) 40-year soft loan agreement at 0.2% interest was signed between the Government of Mongolia and the Japan Bank for International Cooperation to build a new international airport.
 
Construction started in May 2013, and is expected to finish by January 2017. Currently, the construction process is at 99 percent.
The airport is able to launch 6 planes from its passenger boarding bridges and 13 planes from its field. 5 planes with up to 300 passengers are able to take off at once, reported by the project manager.
 
The airport expects to receive 3 million passengers by 2024 and 5 million passengers in 2032, according to the economic estimation.
At that time, it is possible to expand the airport by increasing the number of passenger boarding bridges up to 20.
...


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Amendments to Marrakesh Agreement will serve for landlocked countries’ interests www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Foreign Affairs Ts.Munkh-Orgil presented a draft bill on ratifying the Protocol on the amendments to the Marrakesh Agreement on Establishing the World Trade Organization, and draft amendments to the Law on Custom Tariffs and Duty, on November 15.
 
Mongolia joined the WTO in 1997, becoming a party to the General Agreement on Tariffs and Trade (GATT) and the Agreement on the Rules of Origin.
 
The parliament passed the Custom Tariffs Law in 2008 and amended it in 2015. However, certain provisions of the law are in conflict with Mongolia’s duties before the above mentioned international agreements. For instance, the Mongolian customs require certificate of origin from goods for imports, otherwise impose a doubled amount of customs duty. The regulation has been causing difficulties, having lengthened the period of custom clearance obtainment.
 
The protocol on amending the Marrakesh Agreement – the Trade Facilitation Agreement was initiated by landlocked countries such as Mongolia, Bolivia and Paraguay in 2003, and was backed in 2013.
 
The Agreement will be take force after ratification by 110 countries, the two thirds of all parties of the Marrakesh Agreement. The Trade Facilitation Agreement has been ratified by 96 countries, so far.
 
With the adoption of the Trade Facilitation Agreement, landlocked countries will be able to enjoy assistance and support from the development partners, to implement foreign trade-oriented projects, to reduce costs of external trade, to increase exports, to improve road and railway systems and to alleviate commerce and transport through various projects.
...


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Mongolia and Brazil to boost cooperation in healthcare www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Minister of Health, Mr A.Tsogtsetseg received on November 15 the Ambassador of Brazil, Mr Marcos Caramuru de Paiva and the First Secretary of the Embassy, Mr Winston Alexander Silva. The Minister expressed her hope that the health ministries of Mongolia and Brazil, the two countries with long-standing friendship, will strengthen the cooperation.
 
The Ambassador noted the main goal of this meeting is to boost cooperation in healthcare with Mongolia, and underlined Brazil is not cutting healthcare budgets even in these times of political and economic difficulties back in his country.
 
Governments of Mongolia and Brazil have established a cooperation agreement when the Health Ministry of Mongolia has been also accountable for the matters of sports and physical culture, and the first Mongolian team took part in the First Indigenous Peoples’ Games, held in Brazil in July, 2016.
...


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Japan's first cellular drone www3.nhk.or.jp

NTT Docomo has carried out Japan's first trial of a drone using a mobile phone rather than wireless technology.
 
The mobile phone carrier jointly developed the system with a group of venture firms.
 
The drone transported a roughly one-kilogram package from a port to an island about 2.5 kilometers offshore at the tryout in Fukuoka City. The delivery took about 5 minutes with a top speed of 50 kilometers per hour.
 
Conventional, wireless-controlled drones have an operational limit about one kilometer. Mobile phones allow operation from tens of kilometers away.
 
Engineers plan to test if the drone operation affects mobile phone communications on land. They aim to put the drone into practical use from 2018.
...


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Japan bank to provide loans for UK biomass project www3.nhk.or.jp

NHK has learned that a government-affiliated bank in Japan plans to provide funds for a biomass power project in Britain. The green energy uses materials from plants and animals, such as woodchips and cattle manure.
 
Sources say the Development Bank of Japan, along with other banks in Japan and Europe, will extend loans to build a plant near Middlesbrough.
 
The sources say the Development Bank will lend tens of millions of dollars in project financing.
 
With a capacity of 300 megawatts, the biomass plant will be one of the largest in the world. It is expected to start operating in 2020 and will supply electricity to 600,000 homes.
 
Biomass is seen as a more stable source of renewable energy than solar and wind power. It is also expected to help the forestry industry by using woodchips obtained by thinning trees.
 
Biomass power generation is expected to increase in Japan as the Paris Agreement has taken effect to cut greenhouse gas emissions worldwide.
 
The sources say the Development Bank is hoping to apply the know-how from the British project to promote renewable energy in Japan.
 
The bank is also financing solar and offshore wind power generation projects.
...


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Bank of Cyprus to list on London Stock Exchange www.theguardian.com

Bank of Cyprus is to list on the London Stock Exchange and expand in the UK, in the latest sign of its path towards rehabilitation since savers were forced to take losses to pump billions of euros into its bailout three years ago.
 
Under John Hourican, a former senior executive at Royal Bank of Scotland who left during the Libor rigging crisis, Bank of Cyprus has undergone a radical restructuring and repaid all but €800m (£690m) of €11.4bn emergency liquidity assistance used to keep it afloat at the peak of the island’s economic meltdown.
 
The Mediterranean island was at the heart of the eurozone crisis in 2013 when a rescue deal for Bank of Cyprus – its biggest lender – was a key part of measures need to keep the country inside the single currency area. Laiki, or Cyprus Popular Bank, was closed and its smaller depositors placed in Bank of Cyprus, which in turn imposed losses on savers holding deposits more than €100,000, many of whom were said to be Russian.
 
It was first bank in the eurozone to take a slice of customers’ savings as part of the international €10bn bailout of the island to avoid recourse to taxpayers.
 
Hourican, who is Irish, tried to leave last year but was convinced to stay on by veteran banker Josef Ackermann, who became chairman of Bank of Cyprus in 2014 when it received a capital injection from a group international investors led by private equity billionaire Wilbur Ross. Ackermann is a former chief executive of Deutsche Bank, itself mired in financial difficulties.
 
An attempt at a London listing is a high-profile move for Hourican, who told parliamentarians after the RBS £290m Libor fine that he had told colleagues “they should not waste my death” and clean up the culture of the bank. He was described by Andrew Tyrie MP as a “human shield” for others at RBS.
 
Hourican has sold off Bank of Cyprus’s Russian arm and scaled back its other international operations but intends to expand in the UK, where there already four branches.
 
The aim is to target the professional buy-to-let market and small business customers, entrepreneurs and Cypriots living in the UK. The London-based arm is covered by the UK deposit scheme, the Financial Services Compensation Scheme, which covers the first £75,000 of savings.
 
To facilitate the listing in London – through which Bank of Cyprus does not intend to raise fresh funds – a holding company will be set up in Ireland so that it meets the standards to allow it to be included in the FTSE series of stock market indices. It will remain listed in Cyprus but delist from Athens.
 
At the time of the bank’s half-year results in August, Hourican described in a Bloomberg interview how the bank and the country had experienced a “significant cardiac arrest” when he took over.
 
As the bank reported €120m on pre-tax profits for the first nine months of 2016, Hourican said customer deposits had increased 10%. “We remain focused on operating as an accelerator for growth in the real Cypriot economy,” he said.
...


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