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

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IFC Appoints Jack Sidik as Country Manager for China, Mongolia, and Korea www.ifc.org

IFC, a member of the World Bank Group, has appointed Jack Sidik as Country Manager for China, Mongolia, and Korea. This move reassures IFC's commitment to drive sustainable and inclusive private sector solutions with clients and partners in the three countries.
Based in Beijing, Sidik will manage investment and advisory programs that support climate projects, micro, small, and medium-sized enterprises (MSMEs), women and farmers. In Mongolia, he will especially focus on promoting sustainable mining and economic diversification. In Korea, his priorities include engaging with Korean development partners and encouraging sustainable cross-border investments in emerging markets.
"Overlapping global crises have deepened inequalities and erased years of development gains in our region. The green transition in China, Mongolia, and Korea is critical to the region's growth and prosperity," said Kim-See Lim, IFC's Regional Director for East Asia and the Pacific. "Sidik's leadership and extensive experience will be key to implementing our strategies and supporting the countries in achieving their ambitious climate and development goals."
An Indonesian national, Sidik brings about 30 years of professional experience in the financial sector. He first joined IFC in 2008 as Investment Officer in the infrastructure department and rejoined IFC as Senior Country Officer for Indonesia and Timor-Leste in 2018. Prior to IFC, he held various senior positions in leading financial institutions such as Natixis and DBS. Sidik has also served as Financial Advisor to the Indonesian Bank Restructuring Agency during the 1998 Asian Financial Crisis
"While China has achieved tremendous development gains, a significant number of people remain vulnerable. Climate change also poses a significant threat to China's long-term growth and prosperity, "said Sidik. "IFC has a strong track record of promoting innovations that address some pressing development challenges in China, Mongolia, and with Korean partners in emerging markets. I look forward to working with our teams to expand sustainable solutions for those who need them the most."
China is IFC's fourth largest portfolio country and one of IFC's largest syndication partners. As of September 30, 2023, IFC's committed portfolio in China stood at $3.4 billion across key sectors, such as blue and green finance, microfinance, waste management, agribusiness, and health care. In Mongolia, IFC's committed investment portfolio stood at around $671 million across key sectors such as mining, banking, microfinance, green finance, and service. Since IFC re-established its presence in Korea in 2014, IFC has provided financing worth over $7 billion to over 140 cross-border projects involving Korean partners and banks.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
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Mining, coal-fired power plants responsible for sevenfold increase in atmospheric mercury – study www.mining.com

Researchers at the Harvard John A. Paulson School of Engineering and Applied Sciences estimated that emissions from coal-fired power plants, mining and waste incineration have increased the concentration of potentially toxic mercury in the atmosphere sevenfold since the beginning of the modern era around 1500 C.E.
To reach this conclusion, the scientists developed a new method to accurately estimate how much mercury is emitted annually from volcanos, the largest single natural emitter of mercury. The team used that estimate—along with a computer model—to reconstruct pre-anthropogenic atmospheric mercury levels.
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Their calculations show that before humans started pumping mercury into the atmosphere, it contained on average about 580 megagrams of mercury. However, in 2015, independent research that looked at all available atmospheric measurements estimated the atmospheric mercury reservoir was about 4,000 Mg—nearly seven times larger than the natural condition estimated in this study.
“Methylmercury is a potent neurotoxicant that bioaccumulates in fish and other organisms—including us,” Elsie M. Sunderland, senior author of the Geophysical Research Letters paper that presents these findings, said. “Understanding the natural mercury cycle driven by volcanic emissions sets a baseline goal for policies aimed at reducing mercury emissions and allows us to understand the full impact of human activities on the environment.”
Satellites to the rescue
Sunderland explained that the challenge with measuring mercury in the atmosphere is that there is not much of it despite its outsized impact on human health. In a cubic meter of air, there may be only a nanogram of mercury, making it virtually impossible to detect via satellite. Instead, the researchers needed to use another chemical emitted in tandem with mercury as a proxy. In this case, the team used sulphur dioxide, a major component of volcanic emissions.
“The nice thing about sulphur dioxide is that it’s really easy to see using satellites,” Benjamin Geyman, first author of the article, said. “Using sulphur dioxide as a proxy for mercury allows us to understand where and when volcanic mercury emissions are occurring.”
Using a compilation of mercury to sulphur dioxide ratios measured in volcanic gas plumes, the researchers reverse-engineered how much mercury could be attributed to volcanic eruptions. Then, using the GEOS-Chem atmospheric model, they modelled how mercury from volcanic eruptions moved across the globe.
The team found that while mercury mixes into the atmosphere and can travel long distances from its injection site, volcanic emissions are directly responsible for only a few percent of ground-level concentrations in most areas on the planet. However, there are areas— such as in South America, the Mediterranean and the Ring of Fire in the Pacific—where levels of volcanic emissions of mercury make it harder to track human emissions.
“In Boston, we can do our local monitoring and we don’t have to think about whether it was a big volcano year or a small volcano year,” said Geyman. “But in a place like Hawaii, you’ve got a big source of natural mercury that is highly variable over time. This map helps us understand where volcanos are important and where they aren’t, which is really useful for understanding the impact of humans on long-term mercury trends in fish, in the air and the ocean. It’s important to be able to correct for natural variability in the volcanic influence in places where we think that influence may not be negligible.”
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100,000 Mongolian citizens vote on reducing social insurance fee and personal income tax by 50% www.akipress.com

Citizen Khureltulga Shagj posted a proposal "Reduce Social Insurance Fee and Personal Income Tax by 50%" in the electronic system of the Mongolian Parliament for receiving public proposals on October 20. Votes on this proposal by the citizens have reached 100,000, GoGoMongolia said.
In Public Electronic Application and Complaint System, 18-year-old citizens of Mongolia vote by signing in through the DAN system or using an electronic signature.
According to the Law on the Parliament of Mongolia, a working group will be established if a citizen submits an application to the D-Parliament electronic system and the proposal receives the signatures of 33,000 citizens.
If 70,000 citizens' signatures are obtained, the Standing Committee will conduct an inspection, and if it reaches 100,000, it can be presented to the Parliament.
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President of Mongolia Arrives in Laos for a State Visit www.montsame.mn

President of Mongolia Khurelsukh Ukhnaa and his spouse Bolortsetseg Luvsandorj arrived in Vientiane today for a State Visit to the Lao People's Democratic Republic.
Upon arrival at the Wattay International Airport, President Khurelsukh and the Mongolian delegation were warmly greeted by the Minister and Head of the President's Office of Laos Khemmani Pholsena, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Lao PDR J. Byambasuren, Ambassador Extraordinary and Plenipotentiary of the Lao PDR to Mongolia Phengsavanh Keopraseuth and other officials.
During the Visit, the President of Mongolia Khurelsukh Ukhnaa, and the President of the Lao People's Democratic Republic Thongloun Sisoulith will hold official talks. The Head of State of Mongolia will meet the President of the National Assembly of the Lao PDR Xaysomphone Phomvihane, and Prime Minister Sonexay Siphandone to discuss bilateral relations and cooperation.
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8 herders killed in Mongolia snow storms www.xinhuanet.com

Eight herders have been killed in central Mongolia due to snow storms, the country's National Emergency Management Agency said Monday.
One male, six female herders, and a 12-year-old boy from the central provinces of Tuv and Uvurkhangai lost their lives while looking after their herd in the snow storms that hit large parts of the country over the weekend, the agency said in a statement.
Since Friday evening, snow and blizzards have caused icy roads and poor road visibility.
The hardest-hit central Mongolia has been covered by a layer of snow up to 34 cm thick, according to the country's National Agency for Meteorology and Environmental Monitoring.
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Direct flight connecting Mongolia and Vietnam launched www.vietnam.travel

On 2nd November, Vietjet Air announced the flight route connecting the capital Ulaanbaatar of Mongolia with the coastal city Nha Trang of Vietnam.
The announcement ceremony took place in the framework of Mongolia - Vietnam Business Forum - a vital event during a State visit to Vietnam of Mongolian President Ukhnaagiin Khurelsukh from 1-5 November at the invitation of Vietnamese President Vo Van Thuong. Remarkably, on this occasion, bilateral visa exemption agreement between Vietnam and Mongolia has been signed, opening a new chapter for both countries to boost tourism exchange.
The Ulaanbaatar - Nha Trang route will be operated from 15 December 2023, with the frequency of 2 round-trip flights per week and around 5 hours and a half per leg, meeting the demands of Mongolian citizens and tourists travelling to Nha Trang, Vietnam, and vice versa.
Nha Trang is the world’s famous coastal city in Vietnam, known for its pleasant weather, the long sunny beach with blue sea, attractive destinations such as Ponagar Cham Towers, Tre Island, diverse and distinctive local cuisine, and Vietnam’s Central Coast specific culture. The capital Ulaanbaatar is the cultural, political, and economic centre of Mongolia, which attracts tourists with its cultural and historical destinations, as well as its magnificent natural landscapes and vast meadows.
The Ulaanbaatar - Nha Trang flight route is expected to enhance investment, tourism, cultural exchanges, education between the two nations and furthermore with Vietjet’s flight network covering Australia, Indonesia, Thailand, Singapore, Malaysia, Japan, Hong Kong (China), Taiwan (China), South Korea, India, Kazakhstan, etc.
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Heavy snow, blizzards hit large parts of Mongolia www.xinhuanet.com

Heavy snow and blizzards are hitting large parts of Mongolia, causing icy roads and poor road visibility, the country's National Agency for Meteorology and Environmental Monitoring said Saturday.
Since Friday, snow and blizzards have been sweeping the western provinces of Zavkhan and Uvs and central parts of the country including the national capital Ulan Bator, and provinces of Arkhangai, Uvurkhangai, Tuv and Bulgan, with wind speeds up to 20 meters per second, the agency said in a statement.
The southern provinces of Dundgovi and Dornogovi, the eastern provinces of Khentii and Sukhbaatar, and the northern provinces of Khuvsgul and Darkhan-Uul are also experiencing strong winds and snow storms, it said.
Volatile weather is expected to continue in the coming days across large parts of the country, the agency said, warning the public, especially nomadic herders and drivers, to take extra precautions against possible disasters.
The Asian country's climate is strongly continental with long, frigid winters and short, warm summers.
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The South Korean Tourist Wave in Mongolia: A Closer Look www.bni.network

Over the past year, Mongolia has seen an impressive surge in the number of tourists hailing from South Korea, with statistics reporting over 68,000 tourists making their way to this East Asian nation. This influx represents a significant shift in travel trends, placing the previously underrated country on the global tourism map. Why is Mongolia proving to be such a draw for South Korean tourists? Keep reading as we delve deeper into this trend.
A Mutual Understanding
South Korean tourists are often drawn to nations where they can experience a connection, steeped in mutual historical understanding. The century-old friendship and cultural commonalities that exist between Mongolia and South Korea, have played a substantial role in attracting South Korean tourists in droves.
Mongolia’s Unique Offerings
Travelers from across the globe are attracted to a nation’s unique offerings, and Mongolia is in no short supply of uniqueness. From its majestic steppes, fascinating nomadic lifestyle and rich history to its performance arts and cuisine, Mongolia offers a variety of experiences that cater to a broad spectrum of tourists’ interests. This, coupled with a sense of comfort derived from shared cultural elements with South Korea, positions Mongolia as an appealing destination for South Korean tourists.
The Role of Facilitated Travel
Another critical factor that contributes to the increase of South Korean tourists in Mongolia has been the facilitation of travel. Both nations have actively collaborated to improve air connectivity, making travel a seamless experience. Currently, several weekly flights operate between the two nations, reducing travel time and making it more convenient for tourists. This convenience is a significant factor driving the increase in numbers.
Benefits to Mongolia’s Economy
The sudden upsurge in tourists from South Korea is a boon for Mongolia’s economy, as it means increased revenue for the tourism industry. Given that the tourism sector plays a vital role in Mongolia’s economy, this growth in visitors is expected to create positive ripple effects across various sectors. It is also predicted to result in increased investments in hospitality, infrastructure, and other related services as the demand amplifies.
Looking Ahead
As the number of South Korean tourists in Mongolia continues to rise, the relationship between the two countries is set to strengthen further, fostering increased understanding and cultural exchange. This symbiotic relationship promises an exciting chapter in the coming era, not just for both nations, but also for the global travel industry. Hence, the rise of Mongolia as a popular tourist hub among South Koreans is more than just an isolated trend; it represents an evolving dynamic in global tourism patterns.
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Mongolian and Vietnamese Presidents Brief Media on Outcome of Official Talks www.montsame.mn

Following official talks, Mongolian President Khurelsukh Ukhnaa and Vietnamese President Vo Van Thuong briefed the media on the outcome of the discussions.
In his speech, President Khurelsukh Ukhnaa expressed heartfelt gratitude to Vietnamese President Vo Van Thuong and the Vietnamese people for their warm welcome extended to the Mongolian delegation on the occasion of the 70th anniversary of diplomatic relations between Mongolia and Vietnam, a historical and friendly relationship.
President Khurelsukh continued, "Relations between Mongolia and Vietnam began in the 13th century with military and political ties and were reinvigorated in the first half of the 20th century when both countries restored national independence, laying the foundation for modern relations."
The Mongolian President expressed confidence that the State Visit to the Socialist Republic of Vietnam would further reinforce the friendly relations between the two countries and serve as a crucial catalyst in charting the course for future cooperation.
"As an outcome of the official talks, the two countries successfully created favorable conditions for expanding food, agriculture, trade, and economic cooperation, supporting the tourism industry through policy, and increasing citizen exchanges," President Khurelsukh emphasized.
The President of Mongolia noted that the Mongolian-Vietnamese Business Forum will be co-organized as part of the State Visit and that policy support for cooperation between entrepreneurs from both countries is essential for expanding mutually beneficial cooperation in trade, investment, and economy.
President Khurelsukh emphasized the high significance, effectiveness, and friendliness of the official talks between the two Presidents.
Vietnamese President Vo Van Thuong opened his speech by noting that the official talks with Mongolian President Khurelsukh Ukhnaa were open, sincere, friendly, and welcoming and that the two Heads of State discussed a wide range of issues, including bilateral relations, regional and international relations of mutual interest, and reached common understandings.
President Vo Van Thuong highlighted that the two countries agreed to cooperate closely to ensure the effective and practical implementation of the measures to be taken during the celebration of the 70th anniversary of diplomatic relations between the two countries next year.
Vietnamese President Vo Van Thuong thanked Mongolian President Khurelsukh for the cordial invitation to pay a State Visit to Mongolia in 2024 as part of the celebration of the 70th anniversary of diplomatic relations between Mongolia and Vietnam.
 
 
 
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Power of Siberia-2: Construction of Mongolian part may start in early 2024 www.news.mn

Construction of the Mongolian portion of Russia’s planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024, TASS news agency quoted Russian Deputy Prime Minister Viktoria Abramchenko.
Russia wants to increase pipeline gas supplies to China by 50 billion cubic metres (bcm) per year via Power of Siberia-2, while the existing Power of Siberia pipeline is due to provide 38 bcm a year by 2025.
The highly anticipated deal, which opens a new conduit for Russian natural gas supply into northern China, has been on the drawing board for nearly two decades and could become one of the most significant cross border energy deals signed by a Chinese state oil and gas company in recent years.
In 2023, China’s gas consumption is estimated to reach 385 Bcm to 390 Bcm, according to the China Natural Gas Development Report 2023 published by the National Energy Administration.
 
 
 
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