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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Mongolian Speaker to pay working visit to ROK www.montsame.mn

Chairman of the State Great Khural of Mongolia G.Zandanshatar will pay a working visit to the Republic of Korea on October 25-30.
Within the framework of his visit, the Mongolian Speaker will hold a bilateral meeting with his South Korean counterpart Kim Jin-pyo. With aims to deepen bilateral relations, strengthen relations between the highest legislative bodies of the two countries, expand the cooperation between the friendship group and facilitate the visa requirements of citizens, he will also meet with the Deputy Speaker, Mongolia-South Korea Friendship Group Chair, and Foreign Minister.
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Mining Minister meets UK Prime Minister’s Trade Envoy www.montsame.mn

Minister of Mining and Heavy Industry J.Ganbaatar today received UK Prime Minister’s Trade Envoy Daniel Kawczynski and UK Ambassador to Mongolia Philip Malone.
During the meeting, the sides exchanged views on the possibilities of further expanding business cooperation. The meeting also touched on cooperation in rare minerals exploration and introducing advanced technology in the Mongolian mining sector. Also, Trade Envoy highlighted that the UK is interested in investing in the projects of copper concentrate processing and gold refining plant.
 
 
 
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Kilmer Middle student offers support network for Mongolian youth www.sungazette.news

A local middle-school student’s efforts to provide tutoring services to dozens of Mongolian immigrant children across the U.S. culminated in a national spelling bee for the students held Oct. 22 at the World Bank.
For the past 18 months, Kilmer Middle School eighth-grader Erdem Dulguun has been giving up his Friday evenings to offer free spelling tutoring to dozens of Mongolian immigrant children across the nation, according to Fairfax County Public Schools officials. The spelling bee drew the Mongolian ambassador to the U.S., and the Mongolian embassy hosted a meet-and-greet for students and their families the day before the spelling bee.
The unique effort was aided by the Fairfax County Council of PTAs, which is the regional partner of the Scripps National Spelling Bee Program in Fairfax County and Alexandria.
Dulguum was born in the U.S. but returned to live with his grandparents in Mongolia as a toddler while his mother finished graduate school. When he returned to America as a kindergartner, he had to re-learn English.
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Up to 40 students participate in the Zoom spelling classes, held on Friday evenings.
“I wanted to help the Mongolian community because I love keeping my ties with this country, it’s very important to me,” Dulguun said in an article distributed by the county school system. “I’m not exactly the best teacher, I’m not that much of a public speaker because I get nervous, but it is a good feeling to share what I know. Yes, I am helping these kids learn, but sometimes they are even helping me learn, which is the best part of this.”
His own spelling skills were honed at Westbriar Elementary School in Vienna when, as a sixth-grader, Dulguun finished as first-runner-up in the 2021 Fairfax County Spelling Bee, Fairfax school officials said.
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Mongolia wins 25 medals at Asian Youth Chess Championships 2022 www.montsame.mn

On October 13-22, 2022, the Asian Youth Chess Championship was held successfully in Bali, Indonesia, which was participated by 462 teenage chess athletes from 20 Asian countries.
From Mongolia, 36 teenage chess athletes, led by E. Gurvanbaatar, the president of the Mongolian Chess Federation, and Ch. Battuvshin, the secretary of the Board of Directors of the Mongolian Chess Federation, participated and won 25 medals including 8 individual (2 Gold, 5 Silver, 1 Bronze), and 17 team medals (1 Gold, 9 Silver, 7 Bronze) at Asian Youth Chess Championships 2022.
Khuslen Erdenebayar, School No. 52, "Khan-Altai" club, became the 10th Mongolian chess player to win the title of Asian champion in the standard or classical category and qualified for the title of master of the World Chess Federation.
An athlete from Govisümber Province, "Monchess" academy, Margad Munkhpurev, brought the 36th medal of the Asian Championship in the standard category.
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Pakistan removed from global ‘terrorism’ financing list www.aljazeera.com

The global money laundering and financing watchdog on Friday removed Pakistan from its list of countries under “increased monitoring” after four years.
Pakistan has been on the “grey list” of the Financial Action Task Force (FATF) since 2018 because of “strategic counter-terrorist financing-related deficiencies”.
The removal decision was announced by FATF President T Raja Kumar at the end of a two-day meeting in Paris, France.
“Pakistan had addressed technical deficiencies to meet the commitments of its action plans,” Kumar said in his speech.
At the last FATF meeting in June, the organisation said Pakistan would be kept on the list until a visit to the country took place to verify progress.
Subsequently, a FATF technical team travelled to Pakistan in late August and the visit was declared a “success” by Pakistan’s foreign office, which said it expected a “logical conclusion” at the next evaluation meeting in October.
Pakistan’s Prime Minister Shehbaz Sharif in a tweet after Friday’s decision was announced congratulated the country on its removal.
“Pakistan exiting the FATF grey list is a vindication of our determined and sustained efforts over the years. I would like to congratulate our civil & military leadership as well as all institutions whose hard work led to today’s success,” he wrote.
After placing the country on the grey list in 2018, FATF gave Pakistan a 27-point action agenda, which was later increased to 34-points, related to money laundering, terrorist financing, and action against armed groups and individuals.
Being on the list can severely restrict a country’s international borrowing capabilities.
The decision comes at a time when Pakistan’s credibility on the global market has taken a pounding because of its precarious economic situation.
Earlier on Friday, global ratings agency Fitch cut Pakistan’s sovereign credit rating, blaming its funding situation as well as declining foreign reserves.
Ratings agency Moody’s Investor Service also cut Pakistan’s sovereign credit rating earlier in October, citing the government’s declining foreign reserves and growing economic stress in the aftermath of devastating floods earlier this year.
The floods, caused by unprecedented monsoon rains, killed more than 1,700 people, affected 33 million, and caused $30bn in damage, according to the government.
‘Stay on course’
Senior economist Haroon Sharif said the development was great news for Pakistan as it will allow financial flows from banking channels and remittances.
“What the country must do now is to stay on course, and the major impediment in that has been its implementation capacity. It must reform institutions, which can then trap and identify any suspicious transaction and punish whoever is involved,” he told Al Jazeera.
Sharif, who previously served as minister of state investment, said Pakistan should have been removed from the list at the June meeting.
“We had met all the points of action plan, but unfortunately, FATF also has a political dimension to it,” he added.
Business and economy journalist Khurram Husain also welcomed the removal. “Pakistan had to face higher transaction costs due to the higher processing burden that ‘enhanced monitoring’ imposed on all transactions with the outside world,” he told Al Jazeera.
Husain noted Pakistan went back on the main list because of its failure to successfully prosecute “proscribed individuals”.
“Once key convictions were secured, such as those of Hafiz Saeed of the Lashkar-e-Taiba (LeT) group and Jamaat-ud-Dawa (JuD) group in April of this year, the path to exiting the list was opened up,” he said.
JuD is a humanitarian relief and religious education organisation operating across Pakistan. It has been designated a front for LeT, an armed group declared a “terrorist organisation” by Pakistan, the United States, and the United Nations.
SOURCE: AL JAZEERA
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Mongolia to start immunization against cervical cancer from 2023 www.news.mn

For women in Mongolia, cervical and breast cancers are among the four most common cancers, the other two being liver and stomach cancers. In Mongolia, nearly 300 women lost their lives to the cancer every year- one in every 12 women dies of cervical cancer. Currently, a total of 3400 women diagnosed with cervical cancer are under observation in National Cancer Center.
Almost all cervical cancers are caused by HPV (human papillomavirus)– a link that was proven more than 20 years ago by Cancer Research UK scientists.
Mongolia tested a vaccination rollout against cervical cancer in 2011-2012 and over 10 thousand women get 1-3 HPV vaccine doses. According to study, more than 75 percent of them were protected from cervical cancer.
Therefore, Health Ministry of Mongolia has initiated to amend Law on Immunization for starting HPV immunization campaign in 2023. Mongolia can get 10 thousand doses of HPV vaccine by discounted price with support UNICEF.
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Johnson and Sunak Hold Talks Over UK Leadership Race www.bloomberg.com

Boris Johnson and Rishi Sunak, contenders to be the next UK prime minister, held face-to-face talks Saturday to discuss the Conservative leadership contest, according to people familiar with the discussions, seeking a deal that would eliminate the need to take a potentially divisive runoff vote between them to party members.
The former prime minister and ex-chancellor spoke as some Tory MPs called on them to put aside their differences and thrash out a deal that would see one of them take over as premier and the other serve in a senior cabinet position, the people said, declining to be identified because the matter is private.
The prospect of the pair running on a joint ticket represents yet another unimaginable twist in what’s been a chaotic year in UK politics. The chances of a deal were previously considered almost impossible due to the fallout between the two men, the people said. They became bitter enemies this summer when Sunak resigned as finance minister of Johnson’s administration, a move that helped trigger his downfall.
The former premier is currently trailing behind Sunak with far fewer public endorsements from Members of Parliament, though his campaign team claimed he has over 100 privately backing him. Sunak scored a notable win on Saturday with the support of Kemi Badenoch, the International Trade Secretary and a key figure on the party’s right.
Penny Mordaunt, who appears to have less support than either, is the only person to have publicly declared their candidacy.
Party Alarm
Liz Truss’s exit after just 44 days as prime minister on Thursday triggered a speedy leadership race, one that could theoretically see Johnson and Sunak square off. The prospect of the duo clashing in public over policy has alarmed some of the party’s bigger names.
Lord Frost, Johnson’s Brexit minister, said the party should “move on” and get behind Sunak. And in comments that largely echoed those of former Telegraph editor Charles Moore, ex-party chairman Lord Ashcroft tweeted that Johnson should sit out the contest and back his former chancellor.
In brokering a potential agreement, Sunak could point to his support among MPs as evidence he’s most likely to be able to command a majority in parliament and unite the deeply divided party. But Johnson, if he’s sure he has enough support to pass the 100-strong threshold to enter the contest, may overlook this since he’s still popular with grassroots members, who are set to get a final say in the race.
Even though he remains popular with Tory members, there’s doubt whether Johnson would be able to unify his party after leaving office only seven weeks ago. Many MPs are still angry that his shortcomings -- including breaking the law during pandemic lockdowns -- cost the party support in the polls. Truss has since driven that slump to a record low.
Roger Gale, a Tory lawmaker since 1983, broke cover to tell Times Radio he’d stand as an independent MP rather than serve under a Johnson government again.
It’s possible Johnson and Sunak could offer top government positions to get the other’s endorsements -- though their disagreements over economic policy just months ago cast doubt over whether they’d want to work together again. Even if one opts not to run, whoever’s still standing would probably have to beat Mordaunt.
Kemi Key
So far, Johnson has picked up support from the right of the party, which mostly backed Truss in the last race. Sunak appeals to more moderate factions, though he has picked up some support from MPs who were previously behind Truss.
Badenoch became the most prominent cabinet member to support him and her decision has the potential to sway the votes of others, particularly among hardcore Brexiteers. She called Sunak the “serious, honest leader we need,” in an article for the Sunday Times.
“We are very different people with a difference in approach on numerous issues, but I believe he understands the necessity for unity and bringing others along on the journey before making difficult decisions,” Badenoch wrote.
A maximum of three Tory MPs will be able to run, as the party has set a threshold of 100 MPs for candidates to even get on the ballot paper, and there are a total of 357 MPs in the party. MPs have until 2 p.m. Monday to vote for their preferred candidate. The list will be whittled down to two contenders the same day if there are three candidates who pass the required threshold.
Assuming two candidates are still in the race after Monday, if one does not pull out, grassroots members have until Friday morning to vote.
(Adds comment from Tory veteran Roger Gale)
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Deputy Prime Minister meets delegates of Gazprombank JSC www.montsame.mn

On October 19, Deputy Prime Minister of Mongolia S. Amarsaikhan received the delegation led by Belous Alexey Petrovich, the Deputy Chairman of the Board of Directors of Gazprombank JSC.
During the meeting, the parties discussed the issues of energy sources, the transit traffic connecting Asia and Europe, and the projects being carried out in cooperation with the Russian Federation, such as increasing the capacity of the port.
"The role of Gazprombank JSC is important to the implementation of the Government of Mongolia’s “New Revival Policy”, said Deputy Prime Minister S. Amarsaikhan. “In particular, I propose to expand cooperation in major projects such as improving the capacity of ports, building a natural gas pipeline from Russia to China through Mongolia, and establishing an oil refinery”.
He also noted that the Mongolian government is ready to cooperate with international investors in the projects implemented within the framework of the “New Revival policy”, and emphasized the expansion of Ulaanbaatar Thermal Power Plant No. 3 (also referred to as CHP-3 or Power Plant 3) and railway projects such as Bogdkhan and Choibalsan-Ereentsav.
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Minister of Labor and Social Protection appointed www.montsame.mn

Prime Minister L.Oyun-Erdene today signed an ordinance on appointing T. Ayursaikhan as the Cabinet member and Minister of Labor and Social Protection.
As the Constitution of Mongolia reads, a member of the cabinet shall be appointed or dismissed after presenting to the State Great Khural and the President of Mongolia, Prime Minister L. Oyun-Erdene presented the new minister to President U. Khurelsukh today, and afterwards, the minister took the oath to the State Great Khural during its plenary session today.
Former Minister of Labor and Social Protection D. Sarangerel was dismissed in the late-September as she was deemed to have violated the Constitution and made an ethical mistake.
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ISS sides with top Turquoise Hill investors in dismissing Rio takeover www.bloomberg.com

Institutional Shareholder Services Inc. is urging investors of Turquoise Hill Resources to reject Rio Tinto Group’s proposed takeover — siding with criticisms from top shareholders that the deal undervalues the company behind one of the world’s biggest copper mines.
ISS recommended Turquoise Hill shareholders vote against Rio’s cash offer to acquire 49% of the stock it doesn’t own for C$43 a share, the firm said Friday in a report. The deal values the stake in the Montreal-based miner at about C$4.24 billion ($3.1 billion).
“While the offer provides an escape from the immediate downside, certainty of value today comes at a cost that is too high to be tolerated,” ISS said, adding that the severity of the downside risk is outweighed by the magnitude of the discount to net asset value implied by the offer. “As such, support for this offer is not warranted.”
ISS’s position is contrary to Wednesday’s recommendation by another advisory firm, Glass Lewis & Co., which urged shareholders of the Canadian miner to support Rio’s proposal. Two top shareholders — Pentwater Capital Management and SailingStone Capital Partners — have come out against the deal, arguing it undervalues the company.
At stake is Rio Tinto’s control of Mongolia’s Oyu Tolgoi project, which is expected to become the world’s fourth-largest copper mine. Rio already owns 51% of Turquoise Hill, but more than half of the remaining shareholders must back the acquisition for the deal to proceed. The Oyu Tolgoi mine is a joint venture between Turquoise Hill and the government of Mongolia.
Shares of Turquoise Hill dropped as much as 3.9% Friday in Toronto. The stock was down 1.6% to C$39.36 as of 10:42 a.m. local time.
(By Scott Deveau and Yvonne Yue Li)
 
 
 
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