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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Supporting cheap passenger and cargo transportation in various routes www.montsame.mn

Minister of Road and Transport Development S. Byambatsogt emphasized that the Ministry will support both public and private air carriers of Mongolia equally to improve their international competitiveness and issued the following degree to stimulate cheap passenger and cargo transportation in various routes.
In particular, according to the degree of the Minister of Road and Transport Development, “MIAT Mongolian Airlines” SOE was granted the right to operate scheduled flights to Novosibirsk, “Mongolian Airways Cargo” LLC was granted the right to conduct scheduled flights to Moscow, Yekaterinburg, Singapore, Urumqi, and Shanghai, and “Eznis Airways” LLC was appointed as an air carrier to operate cargo flights to Chengdu, Sanya, Seoul, Hong Kong, Istanbul, London, and Moscow respectively.
According to the Civil Aviation Authority of Mongolia, “Mongolian Airways Cargo” LLC was assigned to the Berlin route. The company plans to start its Berlin-Moscow passenger flights in January 2023.
“Eznis Airways” LLC has imported “A330-200” aircraft for cargo transportation, while “Mongolian Airways Cargo” LLC is preparing to purchase “A330-243” aircraft for passenger transportation.
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Fintech lending debt-to-income ratio regulated to be 70 percent www.montsame.mn

Technology-based loaning or Fintech lending rose 40 percent, and fintech borrowers accounted for 88.8 percent of the 1.6 million Non-bank Financial Intuitions (NBFI) borrowers.
Specifically, the total assets of NBFI reached MNT 3.4 trillion, and the number of customers doubled to 4.9 million. 92.2 percent of them are fintech loan customers.
According to the Financial Regulatory Commission, 522 Non-bank Financial Intuitions operate nationwide.
Demand for NBFI loans has increased intensely since last August. Based on all the previously mentioned issues, the FRC discussed the debt-to-income ratio for fintech loan products provided by NBFI and limited the amount of monthly interest and principal payments to no more than 70 percent (compared to monthly after-tax income). However, this is more of a regulation than a restriction, noted B. Itgelsuren, the head of the Department of Non-banking Financial Services of the FRC.
MNT 237.5 thousand be allotted per Fintech borrower.
The above decision will be implemented from the first day of next year and applied to 36 NBFIs. In particular, the above number of NBFIs are engaged in fintech lending services.
Fintech lending has the advantage of providing low-value consumer loans to citizens regardless of location, but it is emphasized that if this type of the loan becomes widespread, there is a risk of putting people under a debt burden.
Therefore, to prevent this, the SRC has decided to regulate the granting of loans by considering the borrower's debt-to-income ratio not exceeding 70 percent in the lending activities of 36 NBFIs.
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Russia to increase electricity supplies to Mongolia www.tass.com

The Energy Ministers of Russia and Mongolia Nikolai Shulginov and Battogtoh Choizhilsuren discussed the possibility of increasing electricity supplies to Mongolia in winter. This is stated in the message of the Ministry of Energy of the Russian Federation.
"The ministers discussed the possibility of increasing the volume of electricity supplies from Russia to Mongolia in winter, as well as the need to coordinate work on repair programs for the stability of these supplies," the ministry said.
At the same time, the parties considered the possibility of further cooperation in the field of electric power, in particular, related to the modernization of the CHP-3 in Ulaanbaatar.
"To date, a feasibility study for the modernization of the station has been agreed, as well as a number of fundamentally important sequential steps for the transition to the practical implementation of the project. We expect that the intergovernmental agreement on the reconstruction of the CHP-3 and the contract for the basic design will be signed in the near future," the Russian minister said.
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Thailand flex experience, shoot down Mongolia to remain perfect www.fiba.basketball

Experience came into play as Thailand showed nerves of steel down the stretch to frustrate Mongolia, 109-105, to conclude the FIBA Asia Cup 2025 Pre-Qualifiers unbeaten, Monday night at the UG Arena.
Freddie Lish starred in the clutch, scoring 9 of their last 18 points -- all of which he made from beyond the arc -- to help restore order as his side fell behind by a solitary point after building an 86-76 lead with 6:41 remaining in the game.
The veteran guard finished with 30 points on 8 3-pointers, on top of 5 rebounds and 5 assists as the Thais finished as Group D's best team with a 4-0 record.
But it definitely wasn't just Lish alone who delivered the come-from-behind victory for the Southeast Asian crew.
Moses Morgan was important as well with his 26 points, 4 boards, and 4 dimes, while Nakorn Jaisanuk fired 7 triples en route to 23 markers off the bench.
Morgan played a role in the Thais' third-quarter uprising, leading a 12-0 rally to take a 73-68 edge late in the said frame. He would go on to make his presence felt later once more by pushing their lead to 10 during the final period.
Jaisanuk, for his part, helped keep the home team at bay with his timely hits, none bigger than his wide-open corner trey off a Lish kick-out to cap off an 11-2 spurt for a 105-96 advantage with only 34 seconds left to play.
Significant contributions were also made by Teerawat Chanthachon and Nattakam Muangboon with 10 points apiece for Thailand, who once again found the mark from beyond the arc by drilling a total of 19 triples.
Coach Edu Torres' charges put to waste the noteworthy performance of Bilguun Battuvshin, who led Mongolia with 31 points, including 15 in the first quarter that saw the hosts construct a 31-20 lead. He also had 9 rebounds.
Sanchir Tungalag finished with 23 points, Anand Ariunbold produced 20 points, Enkhbaatar Onolbaatar added 11 markers for the Mongolians, who suffered their first loss after a blazing 3-0 start to the Pre-Qualifiers.
Both Thailand and Mongolia are part of the 12 teams that made it to the second round of the Pre-Qualifiers set to be played in February.
FIBA
 
 
 
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Mongolia launches an online platform for tourists www.news.mn

The Mongolian government declared 2023 and 2024 the Years of Visiting Mongolia to promote the country’s pandemic-hit tourism sector.
Meanwhile, the government launched an online platform for promoting Mongolia internationally. The website www.mongoliatravel.guide and the application “Visit Mongolia” were launched in test mode.
The www.mongoliatravel.guide website and “Visit Mongolia” travel app will provide information about the history, culture, art, customs, food and nature of Mongolia in Mongolian, English, Russian, Chinese, Japanese, Spanish and Korean languages, schedule of tourist activities and other information.
In addition, every foreign tourist who has obtained an e-visa to come to Mongolia will soon receive a greeting letter from the prime minister of Mongolia titled “Welcome to Mongolia.
Mongolia has set a goal of welcoming 1 million foreign tourists and earning 1 billion U.S. dollars from tourism in 2024.
The country attracted a total of 42,060 foreign tourists in the first five months of this year, up 391.7 percent from the same period last year, as a result of re-opening its borders to foreign tourists in February.
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Inflation in Mongolia to reach 8% in 2023 www.akipress.com

The Mongolian budget for 2023 was finally approved by the parliament on November 11.
The government spent 18 trillion tugriks (more than $5.28 billion) in 2022, while state budget expenditures for 2023 were approved at 21 trillion tugriks (more than $6.16 billion).
"The Parliament approved the Mongolian budget for 2023. If the state budget of 2022 is aimed at overcoming the pandemic, then 2023 will be the year of economic stabilization. The economic growth will reach 5%, and inflation will drop to single digits," Prime Minister Oyun-Erdene Luvsannamsrai said on his Twitter page.
The inflation is expected to reach the medium-term target of 8%.
 
 
 
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Dayton’s Mike Sharavjamts is a freshman making history for Mongolia www.sbnation.com

You wouldn’t know the eyes of an entire nation were on Mike Sharavjamts. The 6’8” true freshman for the Dayton Flyers caught a pass right in front of Lindenwood’s bench mere seconds into the Flyers debut game of the 2022-23 season, raised up, and hit nylon.
Sharavjamts, ranked as this year’s No. 91 overall recruit per 24/7 Sports, finished with a totally respectable 10 points, five assists, and three rebounds in his first college game. For his thousands of fans across the world, the confident debut was cause to celebrate. Sharavjamts is the first Mongolian athlete to earn a Division 1 scholarship, and he’s just the second true freshman to start for Dayton in a decade.
In attendance was Mike’s father Sharavjamts Tserenjankhar, better known as Shark. Shark was a star in local leagues in Ulan Bator at 7-feet tall until he was discovered by former LSU coach Dale Brown (who also discovered a 12-year-old Shaquille O’Neal at a German military base). Brown thought Tserenjankhar could be one of the best players in college basketball, until he found out he was 27. Instead, Tserenjankhar signed a contract with the Harlem Globetrotters and became the first professional basketball player from Mongolia.
Basketball has slowly been growing in popularity in Mongolia in the decades since. A recent estimate claims that 20,000 kids are playing organized basketball in the capital now. Three-on-three is the preferred format; the Mongolian men’s team has finished in the top 10 in two of the last three FIBA 3x3 World Cups, and the women’s team qualified for the 2020 Summer Olympics.
All that buzz means that Mike Sharavjamts has more fans than your average mid-major freshman. There’s the Dayton Flyers Mongolian Fans Facebook page with 15,000 followers. A major Mongolian news network flew a film crew to Ohio to make a documentary about him, the trailer got 250,000 views.
The attention seems well warranted. Through exhibitions and his first real game Sharavjamts has shown deft handles and a solid outside shot for someone his size. But his most impressive trait has been his passing ability and playmaking. On several occasions in the season opener, Sharavjamts brought the ball up the court and created offense himself, either by driving to the rim, kicking out to a shooter beyond the arc, or posting up and forcing defensive help.
The Flyers just barely missed the NCAA Tournament last season, and are entering the 2022-23 campaign ranked, with aspirations of a deep run for the first time in 9 years. With a potential young star on hand, they might just make that leap.
 
 
 
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Mongolia stay undefeated, Malaysia finally chalk up win no. 1 www.fiba.basketball

Mongolia added to Vietnam's woes, 88-77, to stay perfect in the FIBA Asia Cup 2025 Pre-Qualifiers, Sunday night at the UG Arena.
Buoyed by an ecstatic sellout crowd once more, the hosts bucked a slow start before gaining enough steam to break away in the final period en route to their third win in as many outings while dealing their foes back-to-back losses.
Another balanced attack made wonders for the home team, led by the 17 points and 6 rebounds of Enkhbayasgalan Amarbayasgalan.
Enkhbaatar Onolbaatar made 16 points and 7 boards. Bilguun Battuvshin had 15 points, captain Sanchir Tungalag produced 12 markers, 7 caroms, 6 dimes, and 2 steals, as Boldbaatar Bat Erdene chipped in 10 in the win.
Amarbayasgalan and Onolbaatar, together with Anand Ariunbold, helped Mongolia to a 70-60 lead early in the fourth quarter. Their lead would eventually rise to 12 points, 82-70, thanks to Erdene with 3:16 left to play.
The Mongolians' victory served as a prelude to their highly-anticipated encounter with Thailand in a battle of 3-0 teams on Monday night.
Vietnam's loss, on the other hand, wasted the performances of Huynh Phu Vinh Nguyen and Khoa Dang Tran that saw them score 28 and 20, respectively.
The Southeast Asian squad dropped to 1-2 and will look to bounce back against another 1-2 team in Malaysia, who overcame a sluggish start to keep the free-falling Tahiti winless, 70-62, for their breakthrough win earlier.
Wong Yi Hou led the way with 27 points, 21 of which he made in the second half as he helped the Southeast Asian crew turn its fortunes around after scoring just a measly 8 points in the game's first 10 minutes while their foes had 20.
The national team veteran gave the Malaysians the lead for good through a three-point play conversion to end the third quarter, and was also responsible in pushing their lead to 70-59 through a jumper with only 2:07 left to play.
His efforts saved the contributions of Ting Chun Hong, Kuek Tian Yuan, and Zhen Jie Tem in the second canto, where they brought themselves back into the game by way of a 28-point explosion to enter the break behind narrowly.
FIBA
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30 million trees planted with seeds www.montsame.mn

Within the “One Billion Trees” national movement framework, Ulaanbaatar city plans to plant 120 million trees, 55 million trees for reforestation and rehabilitation on 12 million hectares of land, and 65 million trees designed for the apartment building areas of the city.
In the arrangement of public-private partnership, the city office will cooperate with 15 enterprises to start tree breeding on 6 hectares of land and to cultivate more than 110 species of trees, bushes, natural perennial plants, and ephemeral flowers of 25 types. According to the Capital City Training, Research, and Public Relations Agency, 30 million trees and bushes were planted with seeds this year.
The department also introduced the work carried out within the framework of the “One Billion Trees” national movement and the establishment of the “Unity Park” named after the President. The amount of green space per person in the capital is 5.1 square meters. In the program of the action plan of the Governor of the Capital City, it is planned to increase to eight square meters. According to the World Health Organization, the green space in urban areas should be more than nine square meters.
In this regard, 15 million trees will be planted in “Unity Park,” and the rest will be planted for special and limited public needs. The park will be built on 20,480 hectares of land of the Bayanzurkh Khairkhan and is intended to be a unified center for tourism, sports, forestry, and landscaping.
 
 
 
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Ulaanbaatar’s ger district starts moving to renewable energy www.news.mn

In Ulaanbaatar moving to renewable energy is of particular importance to the approximately 200,000 households living in the unplanned “ger” districts, where energy insecurity is a continuing challenge. In winter, coal burning is essential for survival, and often costs ger district families as much USD 400 per year, a huge financial burden considering that 40 percent of residents earn less than USD 90 per month.
Indoor and outdoor coal burning causes serious health issues and is a significant contributor to Mongolia’s carbon emissions. A project to install solar electricity in these homes would produce substantial emissions reductions with cascading social benefits that could be paid for by selling carbon credits.
But there were no simple tools or market platforms to price confirmed local emissions reductions and match them to our own desired investment in carbon offsets. The reality is that carbon markets are difficult to navigate, especially for small-scale buyers and sellers of carbon credits. For sellers, the system for auditing claimed carbon reductions and certifying carbon credits is costly, bureaucratic, and nearly impossible for small projects due to the need for in-person audits and in-depth reviews by an accredited agency. For buyers of carbon credits, the beneficiary of one’s purchase and how they will use the funds is often obscure.
One group that stood out was a start-up called URECA LLC. This young climate-tech company was founded by a team of Mongolians who combine expertise in renewable energy systems, computer engineering, sustainability, and other fields with a passion for climate change solutions. The URECA team has developed a mix of technologies that will enable small-scale and even household-level actors to produce verified carbon credits without the complex and costly accreditation that can stymie small projects.
Their solution combines AI-based technology that verifies renewable energy generation, both solar and wind, through data collected from smart meters, with a blockchain system to link carbon credits to specific producers and keep track of the exchange or retirement of those credits. This clever, cost-effective system will generate high-quality carbon credits, even for energy micro-producers, that will be linked to a URECA marketplace where they can be bought and sold. You can find more details about the system on the URECA website.
Initial baseline assessments suggest that each family will cut their yearly carbon emissions by 10–20 tons and reduce their energy costs by up to 70 percent. A significant question that this pilot seeks to answer is how highly the market will value URECA’s household carbon credits. If these households achieve the low-end target of USD 80 per ton, they can earn between USD 800 and ISD 1,600 per year producing and selling carbon credits, in addition to saving hundreds of dollars on energy costs. This will significantly improve their quality of life, while demonstrating a pathway to reducing the harmful levels of air pollution that afflict Ulaanbaatar every winter.
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