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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Events

Events

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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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President of Mongolia U.Khurelsukh holds telephone conversation with President of Russia V.V.Putin www.montsame.mn

On July 9, President of Mongolia U.Khurelsukh held a telephone conversation with President of the Russian Federation V.V.Putin.
Expressing gratitude to President of Russia V.V.Putin for congratulating him on being elected as the President of Mongolia, President U.Khurelsukh expressed readiness to work in close cooperation with the Russian president in aims of further developing the Mongolia-Russia comprehensive strategic partnership in all sectors.
The sides discussed a wide range of issues regarding bilateral relations as well as regional and international cooperation.
Noting that the Mongolia-Russia relations are continuing normally during the current COVID-19 pandemic situation, the two Heads of State highly valued the significance of marking the 100th anniversary of the establishment of diplomatic relations between the two countries on both sides throughout the year, and agreed that the rest of the events planned for the anniversary should be implemented as scheduled.
In the framework of the objective to enhance bilateral trade and economic cooperation, they also agreed that the implementation of large-scale projects, such as the renovation of train cars being used by ‘Ulaanbaatar Railway’ Mongolian-Russian Joint Stock Company, construction of new railroads, and energy projects, as well as the joint study being carried out on establishing a free trade agreement between Mongolia and the Eurasian Economic Union should be accelerated.
Noting the progress being made in the implementation of the Mongolia-Russia-China Economic Corridor Program, the two sides expressed readiness to support the progress of the construction project for the natural gas pipeline connecting Russia and China through the territory of Mongolia.
They then expressed their confidence in being able to quickly overcome the challenges posed by the COVID-19 pandemic by expanding bilateral cooperation and being actively involved in international cooperation for measures against the pandemic.
After agreeing to hold an official meeting once the pandemic situation eases, President of the Russian Federation V.V.Putin invited President of Mongolia U.Khurelsukh to the Eastern Economic Forum that will take place virtually in September this year.
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Mine Closure 2021 (update): Preliminary program is posted on the website www.mongolianbusinessdatabase.com

36 research papers, presentations of best practices from 14 countries such as Australia, Canada, Germany, France, Norway, Sweden, South Africa, UK and US will be presented and experience, business offers will be shared on B2B meetings and exhibition at the 14th International Conference on Mine Closure 2021 (ICMC) between 17-19 August in Ulaanbaatar, Mongolia, the first event in Asia! The event will be in hybrid mode as both in virtual (Airmeet) and physical formats.
The Preliminary program is now available at the event website and please visit and see the agenda on the direct link https://mineclosure2021.com/preliminary-programme/
Please get in touch if you would like to promote your company’s product or service. We have a variety of sponsorship and exhibition opportunities available and are actively seeking to form new partnerships.
Contact us via phone: (+976) 99066062, 99119657, Email: mineclosure2021@qmc.mn for general inquiries.
The registrations will close on July 30. 2021
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Mongolia keen to broaden economic, cultural ties with Bangladesh www.dhakatribune.com

With its political continuity and well-thought-out developmental plans alongside economic sustainability, Bangladesh not only stands out in South Asia but also other developing countries, says Mongolian Ambassador to Bangladesh G Ganbold.
“I think these accomplishments of sustainable economic growth are internationally acknowledged,” Ambassador Ganbold told UNB in an interview noting that there are many other scopes for further broadening bilateral relations between Bangladesh and Mongolia in the areas of cultural exchange, trade and economic cooperation.
He said Bangladesh, as an emerging and growing economy, is accomplishing truly impressive socio-economic growth under the dynamic leadership of Prime Minister Sheikh Hasina.
Apart from impressive development in infrastructure, including highways, electricity and drinking water supply in rural areas and increased agricultural production, poverty reduction, vaccine coverage of under 5 years old children, per capita GDP growth, Bangladesh is leading other developing countries, said the Ambassador.
“We’re both Asian and developing countries with parliamentary democracy and market economy,” he said, adding that Mongolia was one of the first five countries that recognized Bangladesh’s independence because of which some countries even went to terminate its diplomatic relations with Mongolia.
Mongolia also co-authored the UN resolution together with India and Bhutan in support of Bangladesh.
“We’re enjoying excellent bilateral relations ever since then and have successfully been collaborating on the international arena,” he said, extending his warm greetings to Bangladeshi friends on the occasion of the 100th anniversary of Mongolia's National Day that falls on July 11.
Responding to a question, the Ambassador said being developing countries, they both have the same challenges like benefits of sustainable economic growth need to be seen through the welfare of people.
He said Mongolia is richly endowed with natural and agriculture-based resources and light industries while Bangladesh is well known with its textiles and readymade garment and pharmaceutical industries.
“Therefore, we can learn from each other’s experience and also promote mutually beneficial trade and economic relations. With the advent of modern means of transport and ICT tourism is growing exponentially,” said the Mongolian envoy.
He said, “We all know this challenge of pandemic alike the earlier ones will be extinguished with our combined efforts. Once, good days are coming.”
The Ambassador said tourism has multiple significance in discovering a new land and meeting with peoples and building meaningful collaboration across the globe. “Our economies are still dependent on climate and calamities thus, we need to intertwine our efforts against adverse effects of climate change and natural disaster risks like earthquake, flood, drought, typhoon or zud (snow famine) and industrial accidents with mass implication.”
As a sparsely populated country with four distinct seasons and beautiful sceneries including eternally snow-capped mountain ranges, Mongolia hosts nearly 4.7 to 5.0 lakh tourists annually.
With the completion of construction of a new airport and emerging new hotels, Mongolia expects their number to grow up to 10 lakh within the next few months.
“Mongolia enjoys friendly relations with all neighbouring countries and is known as the shortest route-binding Asia with Europe,” said the Ambassador.
Talking about similarities between Bangladesh and Mongolia, he said from a young age they were reading renowned literary figure Rabindranath Tagore and through his works got acquainted with hard working and proud Bengali people.
“We’re from a landlocked country so perceive Bangladesh as an amazing land of lakes, and experienced bridge and boat- builders. We need to encourage more cultural exchanges and tourism so that our two countries know each other more closely and benefit from their excellent bilateral relations,” he said.
The Ambassador said their people are similar with their openness and hospitality and they are eager to learn and hard working. “Youth delegations and students’ teams need to be exchanged on a reciprocal basis to let them become acquainted with one another more closely.”
The envoy said he visited several museums, historical and sightseeing places in and around Dhaka like Lalbagh, Taghat palace, Cox’s Bazar, National Museum and Sangsad Bhaban. “Based on my limited experience, I’ve got the impression that Bangladesh is a land of bridges, and boat builders.”
“I wish to arrange an exchange of folk arts troupes which are truly fascinating and represent their respective cultures,” he added.
The Ambassador wants to visit the site of the boat-building workshop, and see how they build many different boats. “Varieties and craftsmanship of boat construction in Bangladesh are really amazing! They’re indeed tangible heritages which ought to be preserved and further promoted as a national brand of tourism and sports.”
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Mongolia selects flagbearers for Tokyo 2020 Opening Ceremony and unveils team kit www.insidethegames.biz

Judoka Duurenbayar Ulziibayar and basketball player Khulan Onolbaatar have been selected as Mongolia’s flagbearers for the Opening Ceremony of the delayed Olympic Games here.
The two athletes received the Mongolian flag from the country’s President Khurelsukh Ukhnaa in a special ceremony.
Onolbaatar will be the first woman to have the honour at the Opening Ceremony in the Japanese capital on July 23.
Mongolia’s previous 27 flagbearers in Summer and Winter Olympics have all been male, dating back to the country’s maiden appearance in the Winter Games at Innsbruck in 1964.
The International Olympic Committee approved a measure to allow nations to select male and female flagbearers last year, as part of a drive for increased gender equality.
Onolbaatar forms part of Mongolia’s women’s 3x3 basketball team, which qualified for the Games through the International Basketball Federation world rankings.
Mongolia will be one of eight teams in the women’s 3x3 basketball event, as the discipline makes its Olympic debut.
"I'm happy for sure," Onolbaatar said.
"But the biggest emotion is the pride to be Mongolian.
"I just can't wrap my head around the idea that I am given this huge opportunity on the biggest stage in sports, at the Olympics.
"It is every athlete’s dream to represent your country on the biggest stage possible.
"Female Mongolian athletes have been performing really strong in international competitions.
“Becoming the first woman to carry the flag at the Olympics is such an honour.
"I am so just so proud right now."
Ulziibayar will also be one of Mongolia’s flagbearers in the Opening Ceremony.
The judoka has secured medals at several international events during his career, including a bronze medal at the 2018 World Judo Championships.
Ulziibayar won silver medals at the Incheon 2014 and Jakarta 2018 Asian Games.
Ulziibayar is due to compete in the men’s over-100 kilogram competition in Tokyo, with the 27-year-old one of seven judoka’s representing Mongolia at the Olympics.
The Mongolian National Olympic Committee (MNOC) has also released the Olympic teams’ official kit for the Games, as part of efforts to create a "Mongolian brand".
The organisation selected a "Khimori" design by Michel Amazonka LLC, after a tender process involving 10 companies.
The MNOC revealed it has used a creamy white colour to enhance the look of the kit, which will combine with an "elegant and stylish design".
Small details have been added on the sleeves and collar in red and blue, which feature on the national flag.
The MNOC explained that a triangular shape of the top of the athlete's uniform is a symbol of high heights and a blessing for winning a gold medal.
The organisation said the ceremonial attire was produced with dark blue fabric, enhanced by silk to ensure durability, colour retention, lightness and fit.
The design includes the head of the horse, embroidered with a gold thread on each side, combined with modern graphic techniques and national patterns.
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Kpay Launches Mongolia's First Cryptocurrency For Seamless Cross-border Payments www.globenewswire.com

ULAANBAATAR, Mongolia, July 10, 2021 (GLOBE NEWSWIRE) -- With the growth in the online payment industry, the internet and technology has continued to improve the very existence of our living. Payment giants like PayPal, Skrill, WeChat AliPay, and Stripe offer seamless cross-border payment services across different countries. As good as this may sound, these payment gateways have also denied so many countries from accessing their services, including Mongolia.
Most Mongolians are left with the option of using traditional banks and financial institutions to make international payments. However, in a bid to liberate Mongolians so that they can enjoy seamless cross-border payments, the team at Kpay is pleased to announce the introduction of Khaan Coin to the crypto community. Khaan Coin is Mongolia's First cryptocurrency to hit the crypto space.
Khaan Coin (KCOIN)
Khaan Coin, with the symbol KHN, is Mongolia's First cryptocurrency. It is the native token or currency of the Kpay ecosystem. Kpay users can use this token to purchase goods and services on the Kpay platform. They can also use the token to pay for their transaction fees and get a discount.
KCOIN is projected to deliver maximum value in Magnolia, as payment giants like PayPal, Skrill, WeChat, AliPay and Stripe do not work in the state. What's more? Users can use KCOIN to facilitate cross-border payments in real-time.
Why Khaan coin?
When it comes to online payment services in Mongolia, Kpay is second to none. Kpay relies on Khaan Coin to help digital entrepreneurs to send and receive cross-border payments.
Khaan Coin is designed and developed based on Binance's BEP20 protocol, which means transaction fees on the network will be very low compared to other online payment services. Below are the reasons you should consider using Khaan Coin for your cross-border transactions:
Low Transaction Fees
Compared to traditional banks and other financial institutions, transactions on the Khaan Coin come at a low cost. Banks usually charge all manners of fees, ranging from VAT, maintenance fees, and operational fees. But on the Kpay ecosystem, you don't get to pay any of these fees.
Fast Transaction
Instead of waiting for days for your bank to transfer funds from your account to pay your suppliers, contractors, and freelancers, you can use Khaan Coin to facilitate fast transactions. All payments on the Kpay platform are instant without any delays.
Crypto Payment
Khaan Coin guarantees smooth crypto payment. If you are a crypto trader, once Khaan Coin launches on an exchange, you will have the opportunity to trade Khaan Coin for profits. You will also be able to stake and farm this token to generate passive income.
About Kpay
Kpay is an online payment provider that is poised to deliver top-notch cross-border payment services. Banking services have gone beyond the shore of any country; more so, payment processors like PayPal, Skrill, WeChat, AliPay, and Stripe have continued to deprive Mongolians from offering online services to their clients across the world. These payment processors are the major players in the industry. So then will an average Mongolian receive funds from other countries?
This is exactly where Kpay comes in through Khaan coin. Khaan coin helps Mongolians to quickly facilitate cross-border payments. Whether you are an affiliate marketer, e-commerce merchant, or a freelance contractor, you can use this Kpay to receive funds from your clients across the world. The mission of Khaan coin is to connect the world so that Mongolians can send and receive cross-border payments with ease.
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Not only Mongolia, but whole world should learn from China’s experience in poverty alleviation: Mongolian FM www.macaubusiness.com

Not only Mongolia, but also the whole world should learn from China’s experience in poverty alleviation, Mongolian Foreign Minister Batmunkh Battsetseg has said.
Poverty alleviation is a global challenge and a key target of the United Nations Sustainable Development Goals, Battsetseg told Xinhua in a recent interview.
China has lifted 770 million people out of poverty since the beginning of the reform and opening-up over 40 years ago and declared its victory in eradicating extreme poverty in the country, Battsetseg said, noting that it is believed that the achievement is the result of China’s long-term, consistent and rational policies.
“I believe that not only our country, but also the whole world should study China’s experience in poverty alleviation and take measures tailored to their specifics,” said Battsetseg.
Mongolia has attached great importance to fighting poverty, increasing the income of its citizens and improving the quality of their lives, she said.
In addition, the country plans to undertake educational reforms, support small and medium-sized businesses, implement internship programs for youths, reform the social welfare system and build public rental housing, she said.
by Xinhua News Agency
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Mongolia to hold Int'l Conference on Mine Closure www.xinhuanet.com

July 8 (Xinhua) -- The 14th International Conference on Mine Closure will be held here in Mongolia's capital on Aug. 17-19, the first time it will be held in Asia, organizers said Thursday.
The annual event is a platform that brings together all stakeholders in the mining industry to explore the latest mine closure methodologies, best practices, achievements and new technologies, exchange information and ideas, and establish business relationships.
The conference will be held in both virtual and physical formats, organizers said.
During B2B meetings and exhibitions within the framework of the Mine Closure 2021, at least 36 research papers and best practices from 26 countries are expected to be presented, and experiences and business offers will be shared. Enditem
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Development for Zamiin-Uud free zone to be intensified www.montsame.mn

On July 7, the cabinet held a regular meeting and decided to allocate over MNT 1 billion from the government’s contingency fund for the power plant and testing and configuration of sewerage facilities to be built within the framework of the Zamiin-Uud infrastructure improvement project.
Prime Minister L.Oyun-Erdene gave an order to open the Zamiin-Uud free economic zone development for continuous operation by this summer despite its initial schedule for completion in 2026.
Favorable regulatory framework will enable increase in exports and imports, development of factories, creation in new sectors of trade and development and employment, boost in tourism and transit and logistics activities, bring new technologies, trade facilitation and regional development. For instance, the number of investors is expected to increase to 70 with additional 9,400 jobs created by 2026, and exports goods will be tripled and foreign investment is to reach USD 2.9 billion with additional 18,000 job places in 2034, reports the Press Office of the cabinet secretariat.
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Two Mongolian Sumo champions stay perfect on Day 3 in Nagoya www.news.mn

Grand champion Hakuho continued his injury comeback in winning fashion on Tuesday at the Nagoya Grand Sumo Tournament, overpowering former sekiwake Daieisho to improve to a perfect 3-0.
The 36-year-old great anticipated his opponent’s thrusting attack and, after delivering a powerful face slap, sent him tumbling with a perfectly executed beltless arm throw in the final bout of Day 3 at Dolphins Arena.
The convincing win over No. 1 maegashira Daieisho (0-3) is another positive step for Hakuho, who is returning from knee surgery and will decide whether to continue his storied career based on his performance at the 15-day meet.
The winner of a record 44 Emperor’s Cups will meet winless No. 2 Takanosho on Day 4 of the first grand tournament to be held away from Tokyo with spectators since November 2019.
Ozeki Terunofuji, who is gunning for promotion to yokozuna, stayed perfect at 3-0 with a clever two-handed arm twist down against former sekiwake Takanosho (0-3).
The maegashira was strong off the mark and drove Terunofuji onto the back foot, but after the pair came to a stalemate at arm’s length, the big Mongolian patiently waited for an opening to twist his opponent to the clay.
 
 
 
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Mongolia: Poverty and Inequality during COVID-19 using big data - Study report www.mn.undp.org

The COVID-19 pandemic has escalated into health and socio-economic crises globally and in Mongolia. The impact of the pandemic has depressed household incomes, increased poverty, and exacerbate inequalities. Thus the response actions must be focused on not only responding to the pandemic more effectively but also be geared towards long term recovery. To provide timely, reliable, and the most relevant data to decision-makers in this pandemic, UNDP and NSO collaborated with the National University of Mongolia (NUM), the Ministry of Finance, and Information Technology Center for Custom, Taxation, and Finance to conduct this pilot research to examine the impact of COVID-19 on consumption, poverty, and inequality in Mongolia in 2020 by using big data – the data generated by the Value-Added Tax (VAT) e-system. This study provided an opportunity to understand changes in household spending in Mongolia, thus allowing us to make alternative estimates of poverty and inequality. Most importantly, it showed how VAT data can be used to track changes in spending, poverty, and inequality much more frequently than was possible until now. Having and analyzing such fast-moving data is critical for policymakers to rapidly see the impact of decisions and make adjustments – which is especially important during this fast-evolving crisis. This pilot study can also be useful for other countries seeking ways to analyze poverty, inequality, and the impacts of shocks when opportunities for traditional data collection are severely restricted. We hope that the study and suggested methodology will accelerate further applications of big data in Mongolia and overall contribute to a more effective recovery from the impacts of the COVID-19 pandemic on the lives of Mongolians.

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