1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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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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Mongolia's annual inflation stands at 13.2 pct in December www.inform.kz

The annual inflation rate for Mongolia rose by 13.2 percent year on year in December, data by the country's National Statistics Office (NSO) showed on Friday, Xinhua reports.
The increase was mainly due to the higher prices for imported goods, the NSO said.
However, the index decreased by 1.3 percent from a month earlier, it said.
There are 410 items in the landlocked Asian country's consumer goods and services basket, with more than half of them being imported, according to the statistical agency.
The country has set a goal of reducing its inflation rate back to single-digit levels by the end of 2023.
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This Year Marks the 60th Anniversary of Mongolia-UK Diplomatic Relations www.montsame.mn

The diplomatic relations between Mongolia and the United Kingdom of Great Britain and Northern Ireland (UK) were established on January 23, 1963. The United Kingdom was the first western nation to establish diplomatic relations with Mongolia, among the other 24 countries that had had diplomatic relations with Mongolia.
Mongolia has long-standing diplomatic relations with the UK, spanning 60 years, and its beginning marked in history back in the 13th century. On January 5, 1290 or 733 years ago, an envoy of Arghun Khaan, the ruler of the Ilkhanate, delivered a letter to Edward I of England from Arghun Khaan. A copy of the response letter of Edward I of England has been preserved, which testifies his full support.
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Prime Minister Appoints New Ministers www.montsame.mn

On January 5, Prime Minister L. Oyun-Erdene presented the proposal to appoint Minister of Economy and Development Ch. Khurelbaatar as the Deputy Prime Minister and Minister of Economy and Development, S. Chinzorig as a Cabinet member and a Minister of Health, Kh. Bulgantuya as a Cabinet member, Minister of Mongolia, and Chair of the National Commission of Border Port Recovery and Ts. Davaasuren as a Cabinet member and a Minister of Construction and Urban Development to State Great Khural within the scope of his power granted by the Constitution.
Accordingly, the State Great Khural discussed the proposed new candidates for the ministers, and the members raised questions and made speeches. After the discussion, the Prime Minister presented an ordinance on appointing the above-mentioned people as Cabinet members and ministers to the State Great Khural. Thus, the newly appointed ministers took the oath of office to the State Great Khural.
Based on the Constitution of Mongolia and the Law on Government, Prime Minister L. Oyun-Erdene signed the Ordinance on appointing some members of the Cabinet and presented the ratifications. Then, the Prime Minister highlighted that “I deeply believe our newly appointed Cabinet members would put painstaking efforts into successful implementation of “New Revival Policy” goals, aimed to solve constraints on development during this trying time when the pandemic and geopolitical crises hit the world.”
 
 
 
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Investors with $2.2 trillion in assets ask Glencore to disclose thermal coal plans www.mining.com

Glencore (LON: GLEN) is facing fresh pressure from investors with $2.2 trillion in assets to disclose how the company’s projected thermal coal production aligns with the Paris Agreement’s objective to pursue efforts to limit the global temperature increase to 1.5°C.
Shareholders including Europe’s Legal and General Investment Management (LGIM) and HSBC Asset Management have filed a resolution demanding details on the matter, which will go to vote at Glencore’s annual meeting in May.
This is the first time investors have filed a climate resolution specifically focusing on the company’s thermal coal production, and it constitutes a significant escalation of pressure on Glencore, already on notice after nearly one quarter of shareholders rejected its climate plan in April 2022.
“As long-term investors, the ability to assess and evaluate companies’ exposure to financially material risks stemming from the energy transition is vital,” Dror Elkayam, Global ESG Analyst at LGIM said in a statement.
“Having both invested in and engaged with Glencore over many years, a higher degree of transparency is necessary in order to clarify how the company’s exposure to thermal coal is aligned with the 1.5C pathway and corresponds to its net zero commitment,” Elkayam noted.
For years the Swiss miner and commodities trader has tried balancing two competing goals: maximizing returns from its coal business and keeping investor support for mining the world’s most polluting fuel.
Until recently, its shareholders seemed content with a promise to stop producing coal and run the mines to closure by 2050.
The company began facing increased scrutiny in 2021, with activist investor Bluebell Capital Partners, which manages about $250 million, calling on the miner to overhaul its climate policy more than once.
The Australasian Centre for Corporate Responsibility, a shareholder advocacy group, has also raised concerns.
Australia’s largest coal producer
Glencore is one of the world’s top thermal coal exporters and Australia’s largest miner of the fossil fuel. The commodity, used in power generation, has reached record prices in the past year, helping the company add about $10 billion to its earnings during the first half of 2022 alone.
The business is expected to generate about $16.7 billion in earnings before interest, tax, depreciation and amortization in 2023, more than half the company’s total.
The mining giant has set production targets at 110 million tonnes of coal a year during the 2023-2025 period, similar to its level last year.
Investors with $2.2 trillion in assets ask Glencore to justify thermal coal plans
Graphic source: Bloomberg News.
Glencore has repeatedly said it would cap coal production at 150 million tonnes a year but has not disclosed specific annual targets beyond 2025.
Last month, it shelved plans for its A$2 billion ($1.4bn) Valeria coal project, citing “increased global uncertainty.”
The metallurgical and thermal coal mine in central Queensland had been planned to start in 2024 and would have become one of the country’s largest.
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Turkish, Mongolian flag carriers ink codeshare agreement www.aa.com.tr

The flag carriers of Türkiye and Mongolia have signed a codeshare agreement to expand destinations in the networks of both Turkish Airlines and MIAT Mongolian Airlines.
The codeshare cooperation will provide more alternatives for passengers taking direct flights between Türkiye and Mongolia and connecting flights via Istanbul.
Turkish Airlines will use its code TK on MIAT Mongolian Airlines-operated flights between Ulaanbaatar and Istanbul, while MIAT Mongolian Airlines will place its code on Istanbul-Ulaanbaatar flights and also on 10 points beyond Istanbul operated by Turkish Airlines.

"Both flag carriers enhanced their solid collaboration via signing this codeshare agreement and by increasing frequencies reciprocally between Istanbul and capital Ulaanbaatar," Turkish Airlines CEO Bilal Eksi said.
The deal will help more travelers visit the two "unique and beautiful countries," Eksi added.
For his part, MIAT Mongolian Airlines CEO Munkhtamir Batbayar said: "Turkish Airlines is an important airline globally with wide range of network and the cooperation with such an elite airline is a great privilege for us."
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Mongolia confirms 16 COVID-19 cases on Jan 5 www.akipress.com

16 new COVID-19 cases were confirmed in Mongolia as of January 5.
7 of them were contacts in Ulaanbaatar, and 9 were recorded in the regions. No imported cases were found.
The death toll from coronavirus remained 2,136.
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Earnings of Mongolian E-sports Players Reach USD 1.8 Million www.montsame.mn

According to esportsearnings.com, 202 Mongolian E-sports players have been awarded a total of USD 1.8 million in prize money from 279 tournaments and ranked 58th in the world.
The Mongolian STALWARTESPORTS team leads the world ranking of the PUBG Mobile. It was the highest awarding game with USD 997 thousand, making up 54.91% of the total earnings of Mongolian Esports players in 2022.
Top 5 games of Mongolia
Total earnings /overall/
(USD)
1
PUBG Mobile
$ 997,566
2
Counter-Strike: Global Offensive
$ 603,119
3
Dota 2
$ 182,953
4
VALORANT
$ 14,080
5
Call of Duty: Mobile
$ 6,666
Sukhbat "Action" Galtsalam is the highest earning Mongolian player with USD 162 thousand in PUBG Mobile tournaments.
Top 5 players of Mongolia
Total earnings /overall/
(USD)
1
Action
Suhbat Galtsalam
PUBG Mobile
$ 162,650
2
TOP
Burenbayar Altangerel
$ 155,650
3
skryyy
Bilguutei Bayasgalan
$ 146,650
4
pikA
Unubold Erkhembayar
$ 144,650
5
kabal
Bat-Enkh Batbayar
CS:GO
$ 72,239
The amount does not include other sources of income, such as advertising and sponsorship.
Mobile games account for over 55% of Mongolian Esports' total revenue.
“In 2020, IHCESPORTS /Mongolia/ team took third place in the E-sports World Championship. Since then, Mongolian teams have been leading the Asian Esports games”, reported by esportsearnings.com. Our country has 97 pro gamers, and their average age is 21-23. E-Sports athletes are eligible to participate in competitions when they turn 16.
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Central Bank Purchases 22.9 Tons of Precious Metal in 2022 www.montsame.mn

The Bank of Mongolia purchased 22.9 tons of precious metal last year.
In December 2022, the central bank purchased 3,032.2 kg of precious metals, and its gross purchases totaled 22.9 tons, up 10 percent from the previous year.
This year, Darkhan-Uul regional division purchased 3,264.9 kg, and Bayankhongor regional branch purchased 1,436.0 kg of precious metals.
The Bank of Mongolia sets the purchase price of precious metals based on the global market price. As of December, the average purchase price was MNT 207,625 (60 U.S. dollars) per gram.
 
 
 
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Citizens of Thirty Four Countries to be Exempted From Visa Requirements www.montsame.mn

In accordance with its decision to declare 2023-2025 as the “Years to Visit Mongolia”, the Cabinet made a decision to exempt visa requirements from the citizens of 34 countries for stays of up to 30 days during its
This decision is believed to have a positive impact on expanding the tourism industry, recovering the economy, and facilitating the travel requirements of Mongolian citizens to foreign countries.
The citizens of the following countries will be subject to the Cabinet’s decision:
Austria, Belgium, Hungary, Greece, Denmark, Spain, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Finland, France, Croatia, Czech, Sweden, Estonia, Norway, Iceland, Switzerland, Bulgaria, Ireland, Cyprus, Romania, Monaco, UK, Australia, and New Zealand.
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Mongolia avoids a risk of declaring default www.news.mn

Mongolia’s foreign exchange (forex) reserves rose to USD 3.4 billion at the end of 2022. Therefore, country of 3.4 million was able to avoid a big risk of entering into a program with the International Monetary Fund and declaring default.
Due to the deepening of a current account deficit caused by external and internal economic conditions, Mongolia’s forex reserves had shrunk to USD 2.6 billion at the end of August, hitting the lowest level since 2017.
Mongolia must make sovereign bond payments in the coming two years. The Government will pay USD 1.3 billion in 2023 alone. Therefore, the Government need to increase the forex reserves.
Mongolia’s forex reserves stood at 4.9 billion dollars at the end of April 2021, hitting an all-time high.
 
 
 
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