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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3,766 new cases of COVID-19 reported www.montsame.mn

It was reported during today’s press briefing of the Ministry of Health that 3,766 new coronavirus cases were detected in the past 24 hours after tests were carried out at PCR laboratories across the country.
In specific, 1,271 new cases were confirmed in Ulaanbaatar city and 2,494 cases were detected in rural regions.
As a result, the nationwide infection tally is now 236,079. In the last 24 hours, 3,175 coronavirus patients were recovered and discharged from hospital. The Ministry also reported six new COVID-19 related deaths, raising the country's death toll to 968.
Currently, 18,941 people are receiving hospital treatment for COVID-19 whilst 28,890 people with mild symptoms of COVID-19 are being isolated at home.
As of today, a total of 2,103,782 people have received the second dose of vaccines against COVID-19, equal to 64.7 percent of the total population of Mongolia
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Prevalence of COVID-19 among adolescents declines as a result of vaccination www.montsame.mn

At its 26th meeting on September 6, the State Emergency Commission discussed the current situation of the COVID-19 pandemic, results of the vaccination and other issues. Deputy Prime Minister, Head of the State Emergency Commission S.Amarsaikhan issued relevant decisions.
According to the researchers, the COVID-19 infection rate may peak by mid-September and gradually decline afterwards. Over 70 percent of all patients currently undergoing treatment at hospitals are in mild conditions.
“The COVID-19 related deaths tend to decrease as over 70 percent of the nationwide vaccination target group have been fully vaccinated,” said Minister of Health S. Enkhbold. In spite of accounting for about 20 percent of the total cases currently reported, the incidence among children aged 12-17 has declined as a result of vaccination.
The research of the scientists’ team under the Ministry of Health showed that the third dose of vaccine is highly protective (92 percent) against the death caused by the coronavirus and results in a four-fold increase in antibodies in 7-14 days. Regarding the matter, Secretary of the team O. Batbayar noted the necessity of urgently involving people in the third dose. As of today, 70 thousand citizens have been involved in the third dose of vaccine against COVID-19.
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Mongolia disinfecting schools, kindergartens, hospitals and shopping malls www.akipress.com

In connection with the new academic year, the Mayor’s Office of Ulaanbaatar is disinfecting all schools, kindergartens, hospitals as well as the outdoor spaces of the large markets and shopping malls in the capital city from September 1 until October 8, 2021.
Since the start of the disinfection, 36 large markets and shopping malls, 32 hospitals, 178 kindergartens and 48 secondary schools and universities have been disinfected.
In addition, bus stations are being sterilized, Montsame reports.
Mongolia confirmed 3,766 cases of coronavirus on Sept 6.
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Inner Mongolia losing dominance in FeCr production amid China’s carbon-reduction plans www.metalbulletin.com

High-carbon ferro-chrome output in Inner Mongolia, China’s leading ferro-alloy producing region, has retreated in the first eight months of the year, while that in the rest of the country has risen, according to market sources.
This comes amid a push by Chinese authorities to reduce emissions in energy-intensive industries, as part of the country’s pledge to achieve carbon neutrality by 2060.
Operations at high-carbon-emitting companies in Inner Mongolia were hindered during the first half of this year amid the local government’s attempt to lower energy consumed per unit of gross domestic product (GDP) in the autonomous region by 3% in 2021.
Inner Mongolia produced 1.30 million tonnes of high-carbon ferro-chrome in the first six months of this year, down by nearly 25% from the same period of last year, according to market participants.
This accounts for roughly 47% of total domestic output over the January-June period, a drop of 10% year on year, market participants told Fastmarkets.
The decline in Inner Mongolia’s production became more pronounced in the third quarter of the year, when operations in...
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Russia: Magnitude-5.2 earthquake occurs in southern Irkutsk Oblast, Russia at around 15:47 Sept. 6. www.garda.com

A magnitude-5.2 earthquake occurred in southern Irkutsk Oblast, Russia at around 15:47 Sept. 6. The epicenter was about 350 km (217 miles) east-northeast of Kyzyl, Russia. The tremor occurred at a depth of about 10 km (6 miles), and light shaking was probably felt throughout Irkutsk Oblast as well as western Buryatia and eastern Tuva republics in Russia, and northern Khuvsgul Province in Mongolia. There have been no initial reports of damage or casualties as a result of the earthquake, and significant damage is unlikely. It could take several hours until authorities can conduct comprehensive damage assessments, especially in remote areas. Light aftershocks are likely over the coming days.Officials may temporarily shut down transportation infrastructure in the tremor zone to check for damage. Minor disruptions could occur during shutdowns, but service will likely resume quickly if no damage is found. Utility outages are possible, particularly near the earthquake's epicenter.

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Russia & China start production of jointly designed passenger aircraft www.rt.com

Production of the first jetliner designed by Russian and Chinese engineers has reportedly been launched in China. The wide-body airliner, the C929, is expected to rival Boeing’s 787 Dreamliner.
The news was first reported by Jiefang Daily, the official paper of the Shanghai Committee of the Chinese Communist Party.
Earlier this year, Yang Zhigang, general engineer of Commercial Aircraft Corporation of China (COMAC), said that manufacturing of the long-range, wide-body aircraft would kick off in 2021.
The China-Russia Commercial Aircraft International Corporation (CRAIC), a joint venture between the two nations, was launched in 2017 with the goal of producing a jetliner to compete with the duopoly of Airbus and Boeing, and take at least a 10% share of the global market.
The prototype was revealed at the opening of China’s largest airshow in the Chinese coastal city of Zhuhai in November 2018. The new jet is expected to make its maiden flight in 2023.
The prototype fuselage, which is 22 meters long, 6.5 meters tall, and 5.9 meters wide, revealed a spacious interior with nine-abreast basic seating in economy class. The salon was equipped with two rows of first-class seats, three rows of business-class seats, and four rows of economy-class seats.
The basic version CR929-600 is projected to carry 280 passengers over a distance of up to 12,000km (7,500 miles). The aircraft family will reportedly include a modification with an extended fuselage (CR929-700) and a shortened fuselage (CR929-500). The aircraft length will be 63.25 meters, with a wingspan of 58-61 meters, and a height of 17.9 meters.
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Policy rate decline leads to an increase in domestic investment www.montsame.mn

In the first half of this year, macro economy has grown by 6.3 percent due to operations in the mining sector and the increase in commodity prices.
Specifically, the mining sector has grown by 24 percent, and net tax on products by 23 percent. During the presentation of the Q2 review and bank competitiveness report, the Mongolian Bankers Association reported that the growth in other sectors has slowed down.
In addition, in terms of demand, household consumption fell by 9 percent, while investment increased by 12 percent. The decrease in the policy rate has led to an increase in domestic investment. Due to the pandemic, export has declined in volume and shipping costs have increased five times compared to the pre-pandemic period. In July of this year, inflation increased by 7.4 percent in Mongolia compared to the same period of the previous year. Foreign shipping cost negatively affected inflation in various countries.
Economist of the Mongolian Bankers Association G.Batzorig said, “The Government announced the ‘MNT 10 trillion program’ to support the economy. In the first half of this year, total loans have been increasing due to the three percent interest rate loans and 9 percent repo financing. It has reached the point where one of every ten loans is non-performing. Overdue loans, which increased due to the four strict lockdowns imposed during the pandemic, is expected to decrease in the future.
Outstanding loan balance increased by 10 percent on average in the first half of this year, and the amount of new loans increased by 57 percent in the second quarter. In addition, loan packages have been rising since the beginning of the year. This was due to the MNT 10 trillion program.”
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Apple walks back plans for new child safety tools after privacy backlash www.cnn.com

New York (CNN Business)Apple made headlines — and not the good kind — last month when it announced a test of a new tool aimed at combating child exploitation. Critics quickly decried the feature's potential privacy implications, and now Apple is taking a long pit stop before moving forward with its plans.
On Friday, the company said it will pause testing the tool in order to gather more feedback and make improvements.
The plan centers on a new system that will, if it is eventually launched, check iOS devices and iCloud photos for child abuse imagery. It includes a new opt-in feature that would warn minors and their parents of sexually explicit incoming or sent image attachments in iMessage and blur them.
Apple's announcement last month that it would begin testing the tool fit with a recent increased focus on protecting children among tech companies — but it was light on specific details and was swiftly met with outraged tweets, critical headlines and calls for more information.
So on Friday, Apple (AAPL) said it would put the brakes on implementing the features.
"Last month we announced plans for features intended to help protect children from predators who use communication tools to recruit and exploit them, and limit the spread of Child Sexual Abuse Material," the company said. "Based on feedback from customers, advocacy groups, researchers and others, we have decided to take additional time over the coming months to collect input and make improvements before releasing these critically important child safety features."
In a series of press calls aiming to explain the planned tool last month, Apple stressed that consumers' privacy would be protected because the tool would turn photos on iPhones and iPads into unreadable hashes, or complex numbers, stored on user devices. Those numbers would be matched against a database of hashes provided by the National Center for Missing and Exploited Children (NCMEC) once the pictures were uploaded to Apple's iCloud storage service. (Apple later said other organizations would be involved in addition to NCMEC.)
Only after a certain number of hashes matched the NCMEC's photos, Apple's review team would be alerted so that it could decrypt the information, disable the user's account and alert NCMEC, which could inform law enforcement about the existence of potentially abusive images.
Many child safety and security experts praised the intent of the plan, recognizing the ethical responsibilities and obligations a company has over the products and services it creates. But they also said the efforts presented potential privacy concerns.
"When people hear that Apple is 'searching' for child sexual abuse materials (CSAM) on end user phones they immediately jump to thoughts of Big Brother and '1984,'" Ryan O'Leary, research manager of privacy and legal technology at market research firm IDC, told CNN Business last month. "This is a very nuanced issue and one that on its face can seem quite scary or intrusive."
Critics of the plan applauded Apple's decision to pause the test.
Digital rights group Fight for the Future called the tool a threat to "privacy, security, democracy, and freedom," and called on Apple to shelve it permanently.
"Apple's plan to conduct on-device scanning of photos and messages is one of the most dangerous proposals from any tech company in modern history," Fight for the Future Director Evan Greer said in a statement. "Technologically, this is the equivalent of installing malware on millions of people's devices — malware that can be easily abused to do enormous harm."
Correction: A previous version of this story misstated the name of the digital rights advocacy group Fight for the Future.
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China set to open new stock exchange in Beijing www.bbc.com

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses.
President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade in Services.
Mainland China currently has two major markets based in the Shanghai financial hub and the southern city of Shenzhen.
The move comes as Chinese companies are under intense pressure at home and in the US.
While President Xi did not elaborate on the plan, the China Securities Regulatory Commission (CSRC) published a statement shortly after his speech that said its leadership was "excited" at the prospect.
"Small and medium-sized enterprises can do great things," the CSRC added.
The regulator said that the registration system for the exchange would be similar to Shanghai's STAR market, which is seen as China's answer to the technology-heavy Nasdaq platform in the US.
The announcement comes as Chinese companies have been under increasingly close scrutiny, by both Beijing and Washington.
In recent months, Chinese authorities have announced a series of measures that have had a major impact on large parts of the country's private sector - from tech giants and tutoring firms to music streaming platforms and TV companies.
Along with a huge swathe of tough new measures imposed on companies Chinese authorities have intensified their oversight of firms with share listings in the US.
Last week, Chinese electric car maker BYD's had to suspend a plan to sell shares in its computer chip making unit, making it the latest share offering to be hit by Beijing's crackdown on businesses.
Earlier this month, the Chinese government signalled that this crackdown would continue as it unveiled a five-year plan outlining tighter regulation of much of its economy.
Meanwhile in America, the Wall Street regulator, the Securities and Exchange Commission (SEC) said it will now require extra information from Chinese companies aiming to sell shares in the US.
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Russia to build new cargo port in Vladivostok to boost development of Far East www.rt.com

The Russian government has signed an agreement of cooperation with several companies in the Far East to construct a new multipurpose cargo port in Vladivostok, state development firm VEB.RF has announced.
The deal was struck on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.
“VEB.RF, the Government of the Primorsky region, the Ministry of the Russian Federation for the Development of the Far East and the Arctic, the Far East and Arctic Development Corporation and the Port Infrastructure Development Center signed an agreement on cooperation on the implementation of a large-scale port project,” the firm’s press service said.
According to VEB.RF, the new multipurpose transshipment complex – the New Port of Vladivostok – will be constructed in the Sukhodol Bay, 80 kilometers from Vladivostok. Construction is expected to attract an estimated 180 billion rubles ($2.4 billion) in private investment.
The project includes the construction of a coal terminal with a capacity of 12 million tons a year, which is already underway on the site. Authorities plan to expand its capacity in the future to 20 million tons per year. Other facilities include a deep-water container terminal and a grain cargo terminal. The total cargo turnover of the port is expected to be over 70 million tons. Authorities expect it to become the driver of the development of the Far East region.
“The implementation of the project will be an important contribution to the advanced social and economic development of the Far East,” Russia’s Minister for the Development of the Far East and the Arctic Alexei Chekunkov said, as quoted by the press service.
“The new port will reduce transshipment and logistics costs for operators of transshipment terminals in the south of Primorsky region and become a driver for the development of related industries, making it possible to create a comfortable environmentally friendly home for the citizens of Vladivostok and contributing to the accelerated development of cargo turnover in the region,” he said.
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