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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Yokozuna Hakuho wins 45th title www.nhk.or.jp

Yokozuna Grand Champion Hakuho defeated Ozeki Champion Terunofuji on Sunday to win his 45th title. The victory came on the final day of the July Grand Sumo Tournament in Nagoya.
Hakuho also extended his own record by winning his 16th tournament without a loss.
Terunofuji was undefeated until the final day.
Hakuho had missed six consecutive tournaments due to a knee injury since winning his last title.
After undergoing surgery in March, he suggested the future of his career depended on his performance in the July tournament.
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China’s Xiaomi overtakes Apple in global smartphone market www.rt.com

China’s Xiaomi Corporation has become the world’s second biggest smartphone producer, beating US rival Apple Inc by 3% in global shipments.
Xiaomi landed a 17% share in global smartphone shipments in the second quarter of 2021, behind Samsung with 19%, a report from research agency Canalys revealed. Apple came in third, with a 14% share of the market.
“Xiaomi is growing its overseas business rapidly,” Canalys Research Manager Ben Stanton stated in a press release, noting Xiaomi shipments have soared 300% in Latin America and 50% in Western Europe, compared to last year.
The report pushed the Chinese company’s shares 4.1% higher in Friday’s trading. Xiaomi’s success comes from a recent 83% surge in the company’s smartphone shipments, against a 15% increase for Samsung and only a 1% jump for Apple.
In its push into the premium smartphone market, the producer of everything from robot-cleaners to electronic tea-pots launched two flagship smartphones so far this year, with its Mi 11 Ultra offering one of the largest camera sensors ever installed in a smartphone. However, the average selling price of Xiaomi smartphones remains low compared to Samsung and Apple, which makes them increasingly attractive for consumers.
“Compared with Samsung and Apple, [Xiaomi’s] average selling price is around 40% and 75% cheaper respectively. So a major priority for Xiaomi this year is to grow sales of its high-end devices, such as the Mi 11 Ultra. But it will be a tough battle,” the report concluded.
Besides smartphones, Xiaomi is also testing other markets. Earlier this year the company set its eyes on launching an electric car business, and revealed plans to invest some $10 billion in the technology over the next decade
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Foreign travelers to China can now use digital yuan – central bank www.rt.com

Foreign visitors no longer need to open a bank account to make e-payments in China, the People’s Bank of China (PBOC) announced on Friday.
“Foreign residents temporarily traveling in China can open an e-CNY wallet to meet daily payment needs without opening a domestic bank account,” the bank said in its so-called white paper on e-CNY, China’s government-developed digital currency.
Despite e-payments being a major form of transactions in China, the country’s two leading mobile pay applications, operated by Tencent and Alibaba until recently, required a Chinese bank account to make payments within the country, which created difficulties for foreigners.
The PBOC’s move aims at eliminating this nuisance, with only a mobile telephone number now needed to make digital payments within the country.
“The internationalization of a currency is a natural result of market selection. The international status of a country’s currency depends on its economic fundamentals and the depth, efficiency and openness of its financial markets,” the central bank stated.
China has been developing e-CNY since 2014. Friday’s white paper outlines the main goals of the digital yuan, differentiating it from other digital payment tools by being legal tender, not requiring an actual bank account, supporting offline payments and providing “managed anonymity.”
According to the Chinese central bank, the e-CNY “collects less transaction information than traditional electronic payments and does not provide information to third parties or other government agencies unless stipulated otherwise in laws and regulations.”
The PBOC has been testing its digital yuan in China for over a year, with more than 20.87 million personal and some 3.51 million corporate wallets opened. The combined transaction value of those amounted to some 34.5 billion yuan ($5.39 billion), the paper stated.
The bank did not provide information on when the digital yuan feature would be made available. However, CNBC has reported that its employee in China was already able to access the e-CNY through their domestic bank account.
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Bad weather may cost Rio Tinto its iron ore crown www.mining.com

Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations.
The miner said it now expects to ship near the lower end of its range of 325 million tonnes and 340 million tonnes in 2021, meaning it may hand back its crown as the world’s biggest iron ore producer to Vale.
Vale, which reports output later this month, said is on track to meet the upper end of its 2021 guidance of 315-335 million tonnes, according to UBS.
Rio shipped 76.3 million tonnes of the steel-making commodity for the three months ended June 30, down from 86.7 million tonnes a year ago, just ahead of a UBS estimate of 76 million tonnes.
Benchmark iron ore price for September delivery rose 2.9% to 1,253 yuan ($193.80) a tonne on the Dalian Commodity Exchange on Thursday.
“We would have liked to have seen higher production to capitalise on these iron ore prices. Still, they are going to be swimming in cash at results time,” said analyst David Lennox at Fat Prophets in Sydney.
“Hopefully we will get a good dividend and we are looking for a share buyback as well.”
Rio is expected to post half-year underlying earnings of $10.9 billion on July 28, according to a Vuma consensus of 14 analysts, more than double the $4.75 billion it reported for the same period last year.
Rio on Friday also raised its full-year iron ore production cost guidance due to increased labour and input costs.
The miner expects unit costs of $18.00-$18.50 per tonne for the year, up from its previous estimate of $16.70-$17.70 per tonne.
Miners have been facing labour shortages as Australia has shut international borders and closed state borders.
Rio also said it delayed commissioning at its new Gudai-Darri iron ore hub to later this year and first production from its Winu copper find in Australia to 2025 from original estimates of 2023, partly due to covid restrictions.
Pilbara iron ore production of 75.9 million tonnes was 9% lower than the second quarter of 2020. Bauxite production of 13.7 million tonnes was 6% lower than the previous quarter.
Mined copper production of 115.5 thousand tonnes was 13% lower than the second quarter of 2020, with lower recoveries and throughput at Escondida as a result of the prolonged impact of covid-19, and a planned relocation of the in-pit crusher at Kennecott in April, the company said.
“Operationally we are not where we want to be,” Rio Tinto CEO Jakob Stausholm said in a media release.
The company lowered 2021 production by 2 million tonnes due to new strategies to protect Aboriginal areas of high cultural significance as it seeks to repair relations with Aboriginal groups following its destruction of rock shelters at Juukan Gorge last year.
Related read: Aboriginal group disappointed by Rio Tinto board hire
Rio Tinto’s stock was trading down 4% at Friday’s opening on the NYSE. The company has a $139 billion market capitalization.
(With files from Reuters)
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Mongolia adds 1,466 new COVID-19 cases www.xinhuanet.com

July 18 (Xinhua) -- Mongolia reported 1,466 new locally transmitted COVID-19 cases over the past 24 hours, raising the national caseload to 147,253, the country's health ministry said Sunday.
Eight more fatalities were reported in the past day, bringing the nationwide death toll to 761, the ministry said in a statement, adding that 4,730 more patients recovered, taking the total recoveries to 130,612.
The Asian country launched a national vaccination campaign against COVID-19 in late February, with the aim of covering at least 60 percent of its population of 3.3 million.
So far, 56 percent of the country's total population have been fully vaccinated. Enditem
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Xi calls on China, Mongolia to enrich strategic partnership www.xinhuanet.com

BEIJING, July 17 (Xinhua) -- Chinese President Xi Jinping on Friday called on China and Mongolia to enrich their comprehensive strategic partnership in the new era.
Under the current circumstances, the two countries share more and more common interests, Xi said in a phone conversation with his Mongolian counterpart, Ukhnaa Khurelsukh.
Xi stressed that China and Mongolia are friendly neighbors linked by mountains and rivers, and the development of bilateral relations maintains a sound momentum.
After the onset of COVID-19, he noted, the two countries joined hands in fighting the pandemic and deepened the friendship between their people, as demonstrated by such touching stories as China's Hubei province shipping local tea to Mongolia as gifts in appreciation of its earlier donation of sheep to China.
Staff members load the first batch of sheep donated from Mongolia onto a container truck in Erenhot, north China's Inner Mongolia Autonomous Region, Nov. 12, 2020. (Xinhua/Liu Lei)
China is ready to continue providing support to the best of its capacity for Mongolia's fight against the pandemic, he added.
He suggested that the two countries respect each other's independence, sovereignty and territorial integrity, respect each other's development path independently chosen by their people, and accommodate and support each other's core interests and major concerns.
Xi added the two sides should leverage their geographical proximity to better synergize the Belt and Road Initiative and the Steppe Road program, and to strengthen cooperation in such areas as minerals, energy, infrastructure and ecology.
The Chinese side, he said, is ready to import more mineral and agricultural products from Mongolia.
China is also willing to work with Mongolia to strengthen coordination and cooperation, uphold true multilateralism, and promote the building of a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation, Xi added.
For his part, Khurelsukh extended warm congratulations on the centenary of the Communist Party of China (CPC), saying that the CPC has led the Chinese people to make many remarkable achievements in the past 100 years.
In particular, under Xi's strong leadership, China has won the battle against poverty and built a moderately prosperous society in all respects, he said, expressing his confidence that China will achieve new successes on its new journey to achieve the second centenary goal.
Noting that the Mongolia-China comprehensive strategic partnership has maintained a sound momentum despite the COVID-19 pandemic, he said that a friend in need is a friend indeed, and the Mongolian side sincerely thanks China for the precious assistance it provided to Mongolia at a difficult time.
The development of China has brought important opportunities to Mongolia, and made important contributions to world peace and development, he said.
Mongolia, he added, is ready to work with China to intensify exchanges, advance practical cooperation in various fields, actively promote Belt and Road cooperation, strengthen coordination and cooperation in multilateral affairs, and build a community with a shared future for mankind.
(Web editor: Guo Wenrui, Bianji)
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U.S. Deputy Secretary Sherman to visit Mongolia next week www.montsame.mn

United States Deputy Secretary of State Wendy R. Sherman will travel to Japan, the Republic of Korea (ROK), and Mongolia from July 18 to July 25, reports the Office of the Spokesperson of the U.S. Department of State.
The Deputy Secretary will be travelling to Ulaanbaatar to meet with Mongolian officials to reinforce Mongolia-U.S. Strategic Partnership and discuss the shared values of democracy and human rights, including freedom of religion or belief and respect for traditional cultural identity and practice.
“Throughout the trip, the Deputy Secretary will reaffirm the U.S. commitment to working with allies and partners to promote peace, security, and prosperity in the Indo-Pacific and to upholding the international rules-based order.”
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China's post-pandemic economic rebound loses steam www.bbc.com

The Chinese economy's sharp rebound from the coronavirus pandemic has now slowed, official figures show.
Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year.
That was less than half the rate seen in the previous quarter and missed economists' forecasts of 8.1% growth.
GDP is one of the most important ways of showing how well, or badly, an economy is doing.
It's a measure - or an attempt to measure - all the activity of companies, governments and individuals in an economy.
Official figures for June also showed better-than-expected growth for retail sales and industrial production.
"China's economy sustained a steady recovery with the production and demand picking up," the NBS said in a statement.
However, the release went on to caution: "The epidemic continues to mutate globally and external instabilities and uncertainties abound."
Economists have raised concerns about the recovery of the world's second largest economy in recent months.
Record high prices for commodities, like iron ore and copper, helped to push its factory inflation to the highest level in more than a decade.
The country has also seen supply chain disruptions as shipping firms have been hit with backlogs, while shortages of energy also hampered factory output.
In April, official figures showed that China's economy grew a record 18.3% in the first quarter of 2021 compared to the same quarter last year.
It was the biggest jump in GDP since China started keeping quarterly records in 1992.
However, that expansion was also below expectations, after a Reuters poll of economists predicted growth of 19%.
They were also heavily skewed, and less indicative of strong growth, as they are compared to last year's huge economic contraction - China's economy shrank 6.8% in the first quarter of 2020 due to nationwide lockdowns at the peak of its Covid-19 outbreak.
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CEOs made 299 times more than their average workers last year www.cnn.com

New York (CNN Business)The difference between CEO and median employee pay grew in 2020 despite the Covid pandemic and ongoing relief efforts.
The average S&P 500 company CEO made 299 times the average worker's salary last year, according to AFL-CIO's annual Executive Paywatch report. Executives received $15.5 million in total compensation on average, marking an increase of more than $260,000 per year over the past decade. At the same time, the average production and nonsupervisory worker in 2020 earned $43,512, up just $957 a year over the past decade.
Both average compensation and pay ratios grew in 2020 during the pandemic. Executives' average total compensation increased more than $700,000 last year while CEO-to-worker pay ratios increased from 264:1 in 2019.
"This is consistent with what we've been seeing year to year," Liz Schuler, AFL-CIO secretary-treasurer, said in a press conference with reporters Wednesday. "Inequality, the imbalance in our economy, is clear by this report that the pay of CEOs and working people continues to be a major problem in this country."
The highest-compensated CEO in 2020 was Chad Richison of Paycom (PAYC), who received more than $200 million in salary and stock awards that vest over time. Other companies with executives topping the list of highest-paid CEOs include General Electric (GE), Regeneron Pharmaceuticals (REGN), Hilton (HLT), T-Mobile (TMUS), Nike (NKE), Microsoft (MSFT) and Netflix (NFLX).
The most skewed pay scale belonged to Aptiv (APTV), which had a 5,294:1 CEO-to-worker pay ratio last year. While the company's CEO, Kevin Clark, was compensated with more than $31 million in 2020, its median employee pay was $5,906.
Other companies topping that list include The Gap (GPS), Paycom, Chipotle (CMG), Hilton, Nike and Coca-Cola (KO).
Companies in the consumer discretionary industry, including retailers like Amazon, had the highest disparity with an average 741:1 CEO-to-worker ratio.
"The only reason we're reaching the other side of the Covid-19 pandemic is because working people stepped up," Schuler said. "We hear so many business leaders calling these workers essential and calling them heroes, but words are not enough. We have always been essential, doing the critical work to make this country hum."
An ongoing conversation
The difference between executives' pay compared to other workers at big corporations has been of growing interest since the 2008 recession, when federal officials mandated that companies publicly disclose that data.
At the start of the coronavirus pandemic last year, many CEOs and top executives announced they would be taking a pay cut or foregoing their salaries altogether. At big corporations, the move to give up some pay wasn't enough to engender drastic improvements for lower-paid employees or make up for pandemic losses, but it was symbolic and necessary to show workers that executives were impacted by the crisis, too.
Giving up pay might not have meant big losses for executives either though. Base pay is only a fraction of an executive's total compensation, which is usually comprised of performance-based compensation such as stocks, options and bonuses.
Despite a slight decrease in CEO base pay, CEOs enjoyed increases in their equity compensation, especially in stock-based pay, which increased over $1 million last year.
For example, while the average CEO salary at S&P 500 companies was a little more than $1 million, performance-based compensation accounted for an additional $14 million, bringing the average total compensation to more than $15 million last year.
On average, CEOs of S&P 500 companies saw their total compensation grow 5% in 2020 while the disclosed median employee pay grew only 1% at those same companies.
The context
The growing difference between CEO and worker pay comes after a year of economic turmoil and in the midst of a recovering economy.
Last month the US economy added 850,000 jobs, a figure that exceeded expectations and signaled that job growth is accelerating. Still, the labor market is down 6.8 million jobs since February 2020, and 6.2 million people didn't work or worked less because their employer was impacted by the pandemic, according to the report.
Jobless rates for demographic groups also show that the pandemic's economic hardships are still mostly shouldered by low-income workers and non-White workers.
At the same time, America is grappling with record-breaking inflation. The consumer price index, a key inflation measure, grew 0.9% in June, the largest one-month increase in 13 years. Over the past year, prices were up 5.4%, the biggest jump in annual inflation in nearly 13 years. The trend is squeezing consumer's as they struggle to keep up with rising prices, especially gas and food prices.
And, like job growth and inflation, the stock market is hitting record-breaking highs, too. Wall Street's biggest banks are reporting earnings in the billions and a slew of high-profile companies have already made their public debut this year.
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Over 4,800 livestock killed in floods in Mongolia www.xinhuanet.com

July 15 (Xinhua) -- At least 4,837 heads of livestock were killed after rain-triggered floods hit the central-western Mongolian province of Arkhangai early this week, the country's National Emergency Management Agency said Thursday.
Eleven of the animals killed in the floods were cattle and the rest were sheep and goats.
In addition, a total of 10 families have lost their homes due to the floods, the emergency agency said.
Heavy rains are expected in large parts of the country in the coming days, the agency said, urging the public, especially herders and travelers, to prevent possible disasters.
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