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 economy to grow 4.6 pct in 2021: ADB www.xinhuanet.com

Sept. 22 (Xinhua) -- Mongolia's GDP is expected to grow 4.6 percent in 2021 on the back of continued economic rebound, the Asian Development Bank (ADB) said Wednesday.
The latest growth projection is slightly lower than the 4.8 percent forecast by the ADB in April.
Major drivers of the country's economic growth include robust export demand, increased private outlays as well as strong economic recovery of its neighbor China, the ADB said in its Asian Development Outlook 2021 Update.
"Despite over 65 percent of the country's total population becoming fully vaccinated, public health concerns and economic uncertainty remain high, and Mongolia has faced a significant challenge to mitigate COVID-19 risks to ensure sustainable economic recovery," said Pavit Ramachandran, ADB country director for Mongolia.
"Continuing health responses, maintaining macroeconomic stability, ensuring accommodative policies, targeting social protection, and fostering investment climate reforms are top priorities for this economic recovery puzzle," he said.
The country's GDP growth is expected to accelerate to 6 percent in 2022 as COVID-19 concerns ease, benefits from the vaccination program materialize, transportation and logistics issues affecting exports are resolved, and domestic demand rises, according to the bank.
The bank noted that downside risks of the outlook include new COVID-19 variants and persistent border restrictions which disrupt exports, undermine industrial output and keep inflation high.
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Moderate mag. 4.8 earthquake - 116 km south of Bayanhongor, Bayankhongor, Bayanhongor Aymag, Mongolia, on Thursday, Sep 23, 2021 8:03 am (GMT +8) www.volcanodiscovery.com

A magnitude 4.8 earthquake near Bayanhongor, Bayankhongor, Bayanhongor Aymag, Mongolia, was reported only 14 minutes ago by the German Research Centre for Geosciences (GFZ), considered one of the key international agencies that monitor seismic activity worldwide. The earthquake occurred at a shallow depth of 10 km beneath the epicenter in the morning on Thursday, September 23rd, 2021, at 8:03 am local time. The exact magnitude, epicenter, and depth of the quake might be revised within the next few hours or minutes as seismologists review data and refine their calculations, or as other agencies issue their report.
Our monitoring service identified a second report from the European-Mediterranean Seismological Centre (EMSC) which listed the quake at magnitude 5.5.
Towns or cities near the epicenter where the quake might have been felt as very weak shaking include Bayanhongor (pop. 26,300) located 116 km from the epicenter.
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China vows to end funding for overseas coal power plants www.mining.com

China’s president Xi Jinping has pledged to stop backing new coal power plants overseas in a move that would cut off a key source of financing for projects involving the fossil fuel.
“China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad,” Xi told the United Nations General Assembly.
While the leader did not lay out a timeline to end that financing, he noted that Beijing has not directed any funding from its Belt and Road Initiative toward coal power plants so far this year.
Xi did not address either the domestic situation, where coal comprises a majority of the country’s electricity mix. Dozens of new coal-fired power and steel plants across the nation were announced during the first half of 2021. If built, they would alone add 150 million tonnes in annual carbon dioxide emissions, according to research group Global Energy Monitor.
The pledge by China, world’s largest emitter of greenhouse gases and the main financier of coal-fired power plants around the world, was cautiously welcomed by experts.
“This is the announcement China could deliver right now and the one that the U.S. wanted. Investment already trending in this direction,” Joanna Lewis, an associate professor at Georgetown University and an expert on Chinese climate policy, tweeted.
China vows to end funding for overseas coal power plants
* Graphic by Reuters. (click on it to enlarge)
Climate advocacy movement 350.org called Xi’s declaration “huge,” saying it could be a “real game-changer” depending on when it takes effect.
“China was the last man standing. If there’s no public finance of coal from China, there’s little to no global coal expansion,” said Justin Guay, the director of global climate strategy at the Sunrise Project, a group advocating for a global transition from coal and fossil fuels.
Beijing has supported coal projects in developing countries including Indonesia and Bangladesh and has been under heavy diplomatic pressure to put an end to the financing to help the world meet the goals of the Paris climate agreement to reduce carbon emissions.
“We’ve been talking to China for quite some period of time about this. And I’m absolutely delighted to hear that President Xi has made this important decision,” US climate envoy John Kerry said in a statement.
Down but not out
With countries across the globe enduring power availability shortages, BMO Capital’s commodities analyst Colin Hamilton said it was clear that thermal coal will likely remain a key source of energy for foreseeable future.
“China will continue to finance energy projects overseas, with a push toward developing green and low-carbon energy projects, which could give rise to further nuclear power installations in addition to ‘renewable’ power,” he wrote.
“CHINA’S PLEDGE COULD AFFECT BOTH DEMAND AND SUPPLY IN THE SEABORNE MARKET AND PRESSURE LONG TERM PRICES”
Wood Mackenzie analyst Shirley Zhang
China’s pledge could affect both demand and supply in the seaborne market and pressure long term prices, energy and mining consultancy Wood Mackenzie warned.
According to WoodMac analyst Shirley Zhang, projects that aren’t financially committed and rely heavily on foreign investment such as projects in Indonesia and Vietnam would be most affected.
“In particular, our assumption of 29 GW generic coal projects in Indonesia after 2025 could be at risk due to China’s pledge, forcing more Indonesian coal supply to the export markets,” she said in an emailed statement.
China’s policy change, part of a goal to reach peak coal consumption by 2030 and carbon neutrality by 2060, comes on the heels of similar pledges by Japan and South Korea earlier this year.
The pledge, which could wipe out nearly $50 billion of investment, is expected to bring momentum to the global climate talks this November in Glasgow, Scotland.
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Views exchanged on transport of fuel from China www.montsame.mn

On September 21, Deputy Prime Minister S.Amarsaikahn, Minister of Finance B.Javkhlan, and Minister of Mining and Heavy Industry G.Yondon held a meeting with Ambassador of the People’s Republic of China to Mongolia Chai Wenrui to discuss the matter regarding the transport of fuel.
During the meeting, he highlighted the importance of urgently resolving the sector’s pressing issue and exchanging information with the side of China in advance.
Furthermore, the Chinese Ambassador expressed that corresponding authorities of China are comprehensively carrying out cooperation in order to increase the amount of coal being imported into the country as well as the number of vehicles and containers entering through border checkpoints as a result of the talks held between State Councilor, Chinese Foreign Minister Wang Yi and Deputy Prime Minister S.Amarsaikhan during the Shanghai Cooperation Organization (SCO) summit that took place in Dushanbe, Tajikistan.
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First fully traceable milk product certified by ‘Responsible Nomads’ standard released www.montsame.mn

The VitaFit Milk company has released the first fully traceable milk product in the market certified by ‘Responsible Nomads’ standard and its digital traceability system.
The ‘Ulzii’ cream is produced by milk supplied by herders and farmers with healthy rangelands, healthy livestock, respective of animal welfare requirements and environment friendly herding and farming practices. While supplying its raw materials from Responsible herders and farmers, VitaFit Milk company is committed to contribute to sustainable management of rangelands, respect animal welfare requirements and environmental protection.
Source: Swiss Cooperation in Mongolia
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90 megawatt hydropower plant to be constructed on Khovd River www.news.mn

Mongolia will build a hydropower plant in the western part of the country.
The Erdeneburen hydropower plant on Khovd River will be constructed in the coming five years, with a soft loan from the Chinese government.
The 90-megawatt hydropower plant is considered crucial to ensuring long-term energy supplies to western Mongolia and laying the foundation for the development of renewable energy in the region
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Children’s railway under construction in Mongolia www.news.mn

National operator Ulaanbaatar Railway has begun developing its first children’s railway, where school pupils will be able to gain experience of railway operations.
The children’s railway is under construction in Darkhan-Uul province of Mongolia. The 2.3 km railway is consists of a station and three stops
Two wagons with 34 seats each was produced in Russia.
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Mongolia confirms 3,416 new daily cases of coronavirus, 14 deaths www.akipress.com

Mongolia confirmed 3,416 new daily cases of the coronavirus, the Health Ministry said on Sept 22.
1,896 new cases were detected in the capital city, 1,518 cases were confirmed in rural regions, and two cases were imported.
The total number of confirmed COVID-19 cases in Mongolia now stands at 283,956.
6,120 patients recovered in the past 24 hours.
14 people died raising the country’s death toll to 1073.
21,524 people are receiving hospital treatment for COVID-19, 62,515 people with mild symptoms of COVID-19 are treated at home.
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Time deposit in domestic currency grows by MNT 3.7 trillion www.montsame.mn

At the end of August 2021, the time deposit in domestic currency amounted to MNT 15.1 trillion, decreased by MNT 130.4 billion (0.9 percent) from the previous month, and increased by MNT 3.7 trillion (32.9 percent) from the same period of the previous year.
In terms of the type of time deposit in domestic currency, individuals’ deposits make up 88.4 percent (MNT 13.3 trillion) while 11.6 percent (MNT 1.8 trillion) were deposits of enterprises.
The time deposits in foreign currency amounted to MNT 4.0 trillion, decreased by MNT 57.2 billion (1.4 percent) from the previous month, and decreased by MNT 629.3 billion (13.5 percent) from the same period of the previous year.
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Cabinet meeting in brief www.montsame.mn

At its regular meeting held today, the Cabinet made the following decisions:
The Cabinet discussed the draft law on ratification of the Loan Agreement between Mongolia and the International Bank for Reconstruction and Development and decided to submit it to the State Great Khural.
The Cabinet members were presented the progress of the working group set up to reduce Corruption Perception Index, and ‘e-Gazar’ web system of Agency for Land Administration and Management, Geodesy and Cartography developed for citizens and the public.
The Minister of Construction and Urban Development was instructed to intensify the construction work of the Ulaanbaatar central wastewater treatment plant and put it into operation within the planned period.
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