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    

Events

Name organizer Where
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 president calls for end to absolute poverty in coming decade www.xinhuanet.com

Sept. 13 (Xinhua) -- Mongolian President Ukhnaa Khurelsukh on Monday called on the private and public sectors to work together to eliminate absolute poverty over the next decade.
Khurelsukh made the remarks at a consultative meeting of public and private organizations and investors under the theme of accelerating economic recovery during COVID-19 pandemic at the country's State House here.
Khurelsukh said there is a need to increase incomes, limit rising prices, recover exports, and implement major projects and programs, noting that creating a new legal environment would be necessary to accelerate Mongolia's economic recovery, and transit from welfare to work, from mining to processing, and from imports to exports.
"At least 30 percent of Mongolia's population of around 3.4 million is still poor. Therefore, let's set a goal to become absolute poverty-free country in the next 10 years," he said.
He stressed the government must support wealth creators, businesses and investors and protect them from any risks.
In addition, vaccines are the only way to prevent infections and save lives, the president said, expressing his condolences to the families of the victims of the coronavirus pandemic.
Mongolia reported its first imported COVID-19 case in March 2020 and confirmed its first locally transmitted case in November last year.
The Asian country has so far confirmed a total of 257,770 COVID-19 cases, with 1,046 related deaths.
So far, 65 percent of the country's total population has received two doses of COVID-19 vaccines.
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Typhoon forces two of China's busiest ports to suspend some operations www.cnn.com

Hong Kong (CNN Business)A typhoon that swept its way through East Asia is now forcing two of the world's busiest ports in China to suspend some operations.
The Shanghai International Port Group said in a statement that several terminals at the Shanghai Port — the world's busiest port by cargo volume — either stopped running Sunday night or would do so Monday in anticipation of Typhoon Chanthu.
The nearby Ningbo-Zhoushan Port, the world's third-busiest after Singapore, halted operations at some terminals, too, according to separate notices from those terminals.
Chanthu has weakened significantly since it slammed into the Philippines and later Taiwan over the weekend. At its strongest, before it made landfall in the Philippines, Chanthu was one of the strongest storms this year. Its sustained winds of 260 kph (160 mph) were equivalent in strength to a Category 5 Atlantic hurricane at its peak.
The shipping crisis is getting worse. Here's what that means for holiday shopping
The shipping crisis is getting worse. Here's what that means for holiday shopping
While not as strong as it was a few days ago, the typhoon has already caused severe disruption in the Shanghai area upon its approach. Shanghai and the adjacent Zhejiang province have canceled most flights and suspended schools and train service.
The port disruption comes at the worst time for global trade. Supply chains have been stretched to breaking point by a resurgence in consumer demand and shipping delays. A recent resurgence of the coronavirus in China worsened a container backlog at major Chinese ports, contributing to the ongoing crisis.
Last month, for example, a terminal at the Ningbo-Zhoushan Port was closed for two weeks after a dock worker tested positive for Covid-19. One shipping analyst at the time said that it could take up to 60 days for operations at the port to return to normal.
The price of shipping goods from China to Europe and North America has soared, and companies are reporting substantial delays in receiving orders just as they try to stock up ahead of the year-end holiday shopping season.
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Mongolia adds 2,351 new COVID-19 infections www.xinhuanet.com

Sept. 13 (Xinhua) -- Mongolia's COVID-19 tally rose to 257,770 on Monday, with 2,351 new local infections registered over the past 24 hours, according to the country's health ministry.
Meanwhile, 10 more COVID-19 patients, all over 40, died in the past day, increasing the total death toll to 1,046.
The number of active cases across the country has risen to 63,207, including 286 in very serious conditions, according to the ministry.
The country's current COVID-19 resurgence is due to the Delta wave and mass gatherings, health authorities said, urging the public to avoid mass events and wear facial masks in public places.
The Asian country launched its national vaccination campaign in late February, with the aim of vaccinating at least 60 percent of its population of around 3.4 million.
So far, over 69 percent of the country's population has received their first dose of COVID-19 vaccines, with 65 percent having taken both jabs. Enditem
 
 
 
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Chinese Ambassador expresses support for works to bring cross-border transport and logistics to a new level www.montsame.mn

On September 10, CEO of ‘Erdenes Mongol’ LLC D.Khayankhyarvaa held a meeting with Ambassador of the People’s Republic of China to Mongolia Chai Wenrui.
During the meeting, they discussed bilateral relations and cooperation, and exchanged views on some projects being implemented by Erdenes Mongol LLC for the development of the mining sector and increasing the capacity of border checkpoints.
Ambassador Chai Wenrui highlighted the mining sector’s importance in further developing bilateral economic cooperation, and noted how Chinese public and private entities are paying special attention to increasing economic contribution alongside economic growth.
The Erdenes Mongol CEO introduced the progress of the construction projects for the 5,280MW Shivee-Ovoo power plant and the 200MW power plant based at the Shivee-Ovoo coal deposit as well as the works being carried out to export coal to China, and requested support from the Ambassador. Moreover, he also expressed interest in cooperating in a geological exploration project to increase coal resources.
In turn, the Chinese Ambassador expressed that he will support the Shivee-Ovoo-based energy export project by accelerating cooperation and serving as a “bridge” to connect investors. He also expressed his confidence in further development of the energy sector of Mongolia as well as the creation of more new business opportunities as an experienced, large-scale company of China is cooperating in the 5,280MW power plant project.
As for the construction project for the railroad in route Nariinsukhait - Shiveekhuren, both sides agreed that its implementation has several advantages such as increase of capacity at border checkpoints, and reduction of negative environmental impact, alongside increased export of coal and mining products of Mongolia. Erdenes Mongol CEO D.Khayankhyarvaa noted that the company is paying attention to accelerating works and introducing certain matters such as the 47-km railroad construction in route Nariinsukhait - Shiveekhuren, carrying out studies on developing transportation of export products through air and containers, and introduce suggestions for creating the appropriate legal environment to the corresponding ministries and the Government.
Ambassador Chai Wenrui expressed readiness to comprehensively cooperate in developing bilateral economic cooperation, and especially bringing cross-border transport and logistics to a new level
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Ts.Enkh-Amgalan: We have received an order for a thousand soccer balls made of yak leather certified by ‘Responsible Nomads’ standard from Switzerland www.montsame.mn

The Swiss Agency for Development and Cooperation (SDC) in Mongolia and the Ministry of Food, Agriculture and Light Industry of Mongolia have finished implementing the ‘Green Gold and Animal Health Project’. We interviewed Project Manager Ts.Enkh-Amgalan on the project results.
Results and achievements of the ‘Green Gold and Animal Health Project’ have been presented to the Agriculture Ministry. What did Mongolia gain from the project?
-We deem that the project changed herders’ attitude towards pasture use. They have realized it is important to use pasturelands responsibly. Secondly, Mongolia has learned to identify the changes in pasture condition and desertification in a way the world can understand using the internationally accepted method. Finally, we introduced a national ‘standard for sustainable nomadic livestock production’. There used to be no standard for supply of animal products.
What are the characteristics of the standard?
-The ‘standard for sustainable nomadic livestock production’ indicates whether the animal raw material was sourced from fresh pasture, whether it is environmentally friendly, how responsible the herder was and what stages it went through from the herder’s pen to the factory. Countries around the world are introducing numerous sustainability standards. We introduced the abovementioned standard as Mongolia as a country of nomadic livestock husbandry had to have such standard. At our meetings with international traders, businesspeople, scientists and agricultural specialists, they often said, “If there could be a standard for sustainable nomadic livestock production, it would come only from Mongolia.”
Seizing the opportunity, we worked towards introducing a standard for sustainable nomadic livestock production. It was made possible not only as part of the Green Gold and Animal Health Project, but also with the cooperation of the Agriculture Ministry, and Mongolian researchers and agricultural specialists. The standard has been approved by the Mongolian Agency for Standardization and Metrology. What we need now is the government’s focus on its implementation.
How should the Agriculture Ministry continue the ‘Green Gold and Animal Health Project’?
-There has to be a distinct state policy on the proper use of pasture that has been missing for 30 years. It is also time for everyone to place emphasis on creating new jobs other than herding in rural areas. Herders and municipal employees of soums are the only people working in rural areas and there is no other job to choose. Therefore, there is a need to create a large number of jobs that supply and process animal raw materials, such as animal feed farming and organic food producing jobs.
Why did the project begin? It is said to have begun with aid provided for herders during the dzud of 1999-2000. Why was the project focus shifted to pasture?
-Yes it began during the dzud. At the time, SDC in collaboration with the United Nations Development Programme delivered financial and food aid to herders. We launched the project with a view to addressing overgrazing, herders’ livelihoods, and numerous other social and economic factors causing dzud. It started in view of the facts that pasturelands, where nomadic livestock farming is 100 percent based on, cover 70 percent of Mongolia’s total area, animal husbandry is one of Mongolia’s key economic sectors, and that pasture is the primary source of everything.
Pasture is also where even the project name Green Gold comes from. One time, when we mentioned eco pasture management in our conversation, a scientist who came from Switzerland said, “It seems the renewable pasture resource is the real gold in Mongolia”. We named the project as such afterwards. Now, when we say Green Gold, herders know we are talking about pasture.
One of the goals of the project was to also provide a research-based understanding of pasture degradation as researchers had different understandings of pasture and it was a controversial subject at the time. We refer to the changes observed in the pasture as it moves from one state to another by the term ‘pasture transition’ and identify what preventive measures are required and at what level the pasture degradation is through study.
For what reason scientists held differing understandings of pasture? What are the special features of your study?
-The differing understandings could be due to the transition period. Before the transition to a market economy, there was a pasture and fodder department in the Institute of Animal Husbandry where a team of scientists used to carry out a detailed study of the pasture and its plants and soil using the right method. They used the correct approach of studying the practices of herders who were responsibly using the pasture and reintroducing the practices after making research-based improvements. In other words, agriculture, animal husbandry, and pasture issues were at the center of state policies and when the economic system changes, the issues have been disregarded over the last 30 years. There is currently no policy, allocated budget, or a government body for pasture.
We have to restore the state policy on pasture that has been missing over the last 30 years.
The study we conduct assists in evaluating the pasture degradation in a short period using more numerical data. Ultimately, we show the transition patterns to the herders and the local authorities.
What about the study method?
-We use a new method of pasture management and use studies designed for decision-makers. To develop the method, we conducted studies using the latest methodology used for monitoring rangeland health in Australia, New Zealand, and Inner Mongolia, China. The study focuses on the levels of three factors, the changes in the native plants of the pastureland, total area of the bare spots, and the pasture productivity, which is determined by the amount of plants per hectare, which are all shown in percentages, meaning there is very little inaccuracy. We assess overall rangeland health and degradation risk in a short period using the three measures.
The project focused on animal health besides the ‘green gold’. What is the role of veterinary services?
-Animal health is definitely connected to the overgrazing problem. The ‘standard for sustainable nomadic livestock production’ requires the animal to be healthy and the raw materials to be of high quality and standard. That is why we have worked to ensure more accessible and higher quality veterinary services for herders.
You previously mentioned the introduction of a standard for sustainable nomadic livestock production. The soccer ball made of yak leather is a great example. Have you started manufacturing it in large scale?
-We tested a number of products against the standard. One of them is the yak leather soccer ball. You can see QR codes on the soccer balls, which will let both the seller and buyer know about where the ball’s raw materials were sourced from, what herder from what place supplied the raw material to the factory, whether the product is environmentally friendly, and how responsible the herder was when grazing their livestock.
Leather products are in high demand on international markets. So Mongolia needs to make such products of high quality. The yak leather soccer ball paves the way for the production of more high quality leather products. We aimed to show that it is possible to mainly export quality products in any quantities to compete in the world market. There have been purchase orders for the soccer ball made of yak leather certified by the Responsible Nomads standard from abroad. The country that implemented the project, Switzerland has placed an order for a thousand balls.
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Mongolia, ROK agree to upgrade relations to strategic partnership www.montsame.mn

On September 10, President of Mongolia U.Khurelsukh held a virtual summit with President of the Republic of Korea Moon Jae-in.
It marked the first summit between the two countries since U.Khurelsukh was elected as the President of Mongolia in June. It is also the second meeting between the two leaders since U.Khurelsukh visited the Republic of Korea in January 2018 when he was working as the Prime Minister of Mongolia.
The Presidents of the two countries agreed to upgrade bilateral relations to ‘strategic partnership’ during the virtual summit and put out a joint declaration.
Within the joint declaration, the sides agreed to deepen and expand cooperation in five areas: politics and security; economy, trade and investment; education, science and technology, environment and health; culture, tourism and people-to-people exchanges; and regional and international cooperation.
Highlighting that Mongolia and South Korea have been developing bilateral relations for more than 30 years based on their common values such as democracy, human rights and freedom, President U.Khurelsukh reaffirmed his commitment to further strengthen bilateral ties and cooperation.
President Moon Jae-in congratulated President U.Khurelsukh on his election and noted his delight with being the first foreign president to hold a summit with Mongolia's new head of state. He reiterated to strengthen relations and cooperation with Mongolia, a key partner in the New Northern Policy, and to work together in the implementation of Vision-2050, Mongolia's long-term development policy.
Emphasizing the importance of cooperation between the two countries' legislatures to strengthen the legal environment of bilateral relations, the sides agreed to further enhance political dialogue mechanisms, such as the Intergovernmental Joint Committee, and the Consultative Meetings between the Ministries of Foreign Affairs.
The two sides concurred to focus on developing economic priority areas such as transport, logistics, energy, mining and agriculture. President U.Khurelsukh briefed that the plans are underway to establish a satellite city and develop free economic zone at Khushig Valley along the recently opened airport at the valley. In turn, President Moon Jae-in expressed readiness to share experience and cooperate in this direction.
The sides stressed the need to further strengthen the legal environment to boost exports, increase investment and reduce trade barriers. Underlining that Mongolia's accession to the Asia-Pacific Trade Agreement has created more favorable trade conditions, they agreed to continue their efforts to launch the Economic Partnership Agreement (EPA) dialogues based on the results of the two countries' joint research.
President U.Khurelsukh noted that the loans and grants that have been provided by the Republic of Korea over the past years have made a valuable contribution to the social and economic growth of Mongolia, while emphasizing the necessity of accelerating development projects - Solongo 1 and 2 apartment complexes, rent apartments by the Bayangol Mountain and central heating station for 10 rural aimags - in cooperation with the ROK government.
The sides agreed to bolster cooperation in the fields of environment, green development, tourism, culture and arts, and creative cultural production. In this context, it was agreed to implement the third phase of the Mongolia-ROK joint project - ‘Green Belt’, while underscoring the project’s significance in mitigating desertification and combating dust storms. It was also agreed to continue to realize scholarship programs, support the people-to-people exchanges, and further develop Mongol studies in South Korea and Korean studies in Mongolia.
The leaders also expressed their satisfaction with the development of bilateral ties and cooperation despite the harsh time amid the pandemic. President U.Khurelsukh thanked the government of the Republic of Korea for providing assistance to help combat the pandemic. They also agreed to expand people-to-people exchanges to strengthen friendship and deepen mutual understanding, and continue to work together to protect the interests of Mongolian and South Korean citizens living and working in the two countries, and create favorable living and working conditions.
The two sides also agreed to continue to work closely together in the international and regional arenas, emphasizing the importance of ensuring the stability of the Korean Peninsula in order to maintain peace and security in the Northeast Asian region. Moreover, both sides reaffirmed their mutual support for the ‘Ulaanbaatar Dialogue on Security in Northeast Asia’, an initiative of Mongolia, and the ‘Northeast Asia Cooperation Initiative for Infectious Disease Control and Health Protection’, spearheaded by the President of the Republic of Korea.
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Citizens aged over 18 begin to be vaccinated with third dose of vaccine www.montsame.mn

In order to increase the level of immunization against coronavirus infections, citizens aged over 18 are being offered a third dose of the COVID-19 vaccine from today.
According to the order of the Minister of Health, it is required that the citizens, who had the second can receive a third dose after three months since their second dose. Eligible citizens will be vaccinated with a booster shot by selecting either Pfizer’s Comirnaty vaccine or ‘CorV’ vaccine developed by Sinopharm.
Citizens can receive their third jabs at vaccination points in districts.
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China to set up blockchain-based green power trading www.rt.com

China’s National Development and Reform Commission (NDRC) said this week the country will roll out a pilot scheme for green power trading between corporate consumers and renewable energy generators.
The program is being carried out by the Beijing Power Exchange Center and the Guangzhou Power Exchange Center.
Under the pilot scheme, users who have demands for green power will directly trade with wind power and photovoltaic power generation enterprises.
According to Shi Lianjun, general manager of the Beijing Power Exchange Centre, 222 enterprises have applied to participate in the pilot program.
"Some regions have been hoping for an overall design from the national level to pinpoint the basic standard and regulations for the trading," said the NDRC, adding that there are feasible technologies which can guarantee the sound operation of the trading market.
"New technologies such as blockchain can help to thoroughly record information on green power production, transactions, consumption and other procedures," the commission said.
Blockchain-based technologies could help realize automatic, accurate, and highly efficient green power transactions, as well as the approval and issuing of certificates for green power consumption, said Wang Dong, head of State Grid Blockchain Technology (Beijing). He added that “Aside from greatly optimizing trading procedures, reducing costs and enhancing efficiency, these technologies could effectively rule out risks of errors.”
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Gazprom’s revenue surges 84% on booming gas exports www.rt.com

The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia's Federal Customs Service.
Statistics showed that the physical volume of gas exports during the reported period reached 123.8 billion cubic meters, marking a growth of almost 15%.
In July, Gazprom exported $3.48 billion-worth of natural gas, a decrease of 2.1% on the previous month.
According to data tracked by the customs service, the average export price of Russian gas in July rose to $245.12 per 1,000 cubic meters, compared to $226.5 in June and $199.7 in May.
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Mongolia reports 2,771 new COVID-19 cases, 15 more deaths www.xinhuanet.com

Sept. 12 (Xinhua) -- Mongolia has recorded 2,771 new locally transmitted COVID-19 cases over the past 24 hours, bringing the national tally to 255,419, said the country's health ministry on Sunday.
The ministry said that 7,846 samples were tested across the country in the past day, and 1,478 of the latest confirmed cases were detected in the capital Ulan Bator, the country's hardest-hit area during the pandemic.
Meanwhile, the viral disease has so far claimed 1,036 lives after 15 more patients aged over 40 died in the past day.
The Asian country launched its national vaccination campaign in late February, with the aim of vaccinating at least 60 percent of its population of around 3.4 million.
So far, 65 percent of the country's total population have received two jabs. Enditem
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