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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COVID-19: 2,432 new cases reported, total reaches 109,694 www.montsame.mn

On June 27, the Ministry of Health reported that 2,432 new cases were detected in Mongolia nationwide within the past 24 hours.
More specifically, 1,519 new cases were detected in the capital city, with 909 cases in rural regions, three hospital acquired infections and one imported case.
As of today, the total number of COVID-19 confirmed cases in Mongolia has reached 109,694. In the past 24 hours, 1,207 patients made recovery, bringing the total recoveries to 69,958.
Furthermore, 13 new COVID-19 related deaths have been reported, raising the country's death toll to 518. Of the 14,138 patients currently undergoing treatment, there are 9,450 patients in mild, 3,352 in serious, 1,095in critical, and 241 in very critical conditions. In addition, 25,052 people with mild symptoms are being isolated at homes.
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CPC solves long-standing problems faced by many countries, says Russian party leader www.xinhuanet.com

Interview: CPC solves long-standing problems faced by many countries, says Russian party leader

Source: Xinhua| 2021-06-24 20:36:20|Editor: huaxia
 

MOSCOW, June 24 (Xinhua) -- The Communist Party of China (CPC) has solved problems that many countries haven't been able to tackle for centuries, Sergei Mironov, chairman of "A Just Russia - For Truth" party, has said.

Everytime he visits China he saw new achievements and changes, Mironov said in a recent interview with Xinhua, stressing that "eradicating absolute poverty is an outstanding success."

Poverty has worsened almost throughout the world during the pandemic, with only China being a positive exception, he pointed out.

China announced the eradication of extreme poverty at the end of 2020.

"This is a wonderful example for the whole world. And this is China's contribution to the development of the whole mankind," he added.

 

 

"We strongly appreciate the CPC's readiness to share its governing experience, and always study this experience with great interest," the party leader said.

As regards the cooperation between the two parties, he said, "I hope once we finally defeat the pandemic, our contacts will become even closer and yield new results. This cooperation is very useful for us."

Hailing China's role in international relations, Mironov said facts have shown that the idea of building a community with a shared future for mankind is both viable and promising.

The coronavirus is currently not the only threat facing the world, he said, adding that "environmental problems, food shortages, hunger, terrorism, cybercrime, illegal migration -- all these problems of modern life cannot be solved by one country, even the most powerful."

"Cooperation among countries is vital. This is in the interest of all people," he said.

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Asia Oceania Tax Consultants’ Association elects new Vice President www.pkf.com

The Asia Oceania Tax Consultants’ Association (AOTCA) has elected Managing partner of PKF-IFS Mongolia, Tamir Amarbayasgalan as Vice President. The online voting, hosted by AOTCA, included members from Mongolia, Taiwan, Indonesia and the Philippines.
The Mongolian Association of Certified Tax Consultants (MACTC) first became a member of the Asia Oceania Tax Consultants’ Association (AOTCA) in 2004. The organisation is a professional non-governmental organization that has made a name for itself in the history of Mongolia as a Certified Tax Consultant.
The PKF International Board would like to extent their congratulations to Tamir on his achievement.
The PKF International family extend their congratulations to Tamir on his achievement and the contribution he is making to the professional services industry.
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China's Inner Mongolia starts building high-end dairy complex www.marketwatch.com

HOHHOT, June 26, 2021 (Xinhua via COMTEX) -- Construction for a large-scale dairy production and processing facility kicked off in north China's Inner Mongolia Autonomous Region on Saturday.
The high-end milk production complex, capable of raising 100,000 cows, will cover an area of about 867 hectares in Bayannur City, with an investment of 4 billion yuan (about 620 million U.S. dollars).
After completion, the complex is expected to produce 550,000 tonnes of fresh milk annually and hike up incomes of about 40,000 herdsmen and farmers in the region, said Zhao Jiejun, vice president of Mengniu Dairy headquartered in the regional capital Hohhot that is cooperating with the local government to carry out the project.
Inner Mongolia now produces over 5.7 million tonnes of milk each year, with the largest market share for dairy products in China.
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36 scientific research papers and best practices of 26 countries will be presented at 14th Mine Closure 2021 www.mongolianbusinessdatabase.com

The mining sector is aggressively moving to efficient mine closure for the environment-friendly, ecological balance reserved field with possible economic benefits based on special scientific research, advanced technology, and best practices.
36 research papers, presentations of best practices from 26 countries 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. We are pleased to inform you that distinguished speakers such as Prof. Andy Fourie University of Western Australia, Prof. Mark Tibbett University of Reading, Mr. Aiden Davy COO of International Council on Mining and Metals, Professor Emeritus Dirk van Zyl University of British Columbia, Mr. Mark Dillon COO of ATC Williams and Dr. Thekla Abel BGR - Federal Institute for Geosciences and Natural Resources are among the presenters and the tentative program will be posted on the website in the beginning of July.
The event is officially supported by the Embassies of Australia, Czech Republic, PR China and UK in Ulaanbaatar, Russia-Mongolia Council on Trade and Industry and the Mongolian Business Database.
The event is planned at Shangri-La Ulaanbaatar Hotel physically among the locals when foreign participants/exhibitors gather on AIRMEET which you can see the short intro on the link below. https://www.youtube.com/watch?v=BBoyccS8QAw
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.
Visit https://mineclosure2021.com for more information. Contact us via phone: (+976) 99066062, 99119657, 99055212. Email: mineclosure2021@qmc.mn for general inquiries.
The registrations will close on July 30. 2021
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Copper price keeps soaring despite China’s attempt to cool rally www.mining.com

Copper price rose on Wednesday, one day after China’s National Food & Strategic Reserves Administration announced that it intended to sell 20,000 tonnes of copper in an initial batch of sales of state metal reserves.
The release of state metal reserves in China, the world’s biggest metals consumer, is one of a number of attempts by Beijing to cool a stellar rally in commodity prices that has squeezed manufacturers’ margins.
Copper for delivery in July rose 2.6% from Tuesday’s settlement price, touching $4.342 per pound ($9,552 per tonne) midday Wednesday on the Comex market in New York.
According to Citigroup, Beijing’s measures “target managing expectations and deterring speculators rather than solving supply/demand imbalances.”
Demand for copper is rising for use in renewable energy projects and electric vehicles.
“We do not think the rally is over,” the bank said in a note.
Glencore CEO Ivan Glasenberg said on Tuesday that copper supplies need to increase by one million tonnes a year until 2050 to meet an expected demand of 60 million tonnes, but he stopped short of predicting a supercycle.
“Today, the world consumes 30 million tonnes of copper per year and by the year 2050, following this trajectory, we’ve got to produce 60 million tonnes of copper per year,” he said.
“If you look at the historical past 10 years, we’ve only added 500,000 tonnes per year … Do we have the projects? I don’t think so. I think it will be extremely difficult.”
(With files from Reuters and Bloomberg)
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United States Provides an Additional $250,000 (700 Million MNT) to Combat COVID-19 in Mongolia www.mn.usembassy.gov

Ulaanbaatar, June 24, 2021 — The United States, through the United States Agency for International Development (USAID), has committed an additional $250,000 (700 million MNT) to support the Government of Mongolia’s efforts to fight the COVID-19 pandemic. Through its implementing partner, the United Nations Children’s Fund (UNICEF), USAID will support the Mongolian Ministry of Health’s vaccine distribution efforts, including the monitoring and disposal of supplies, improving cold chain storage, and providing real-time data on immunizations.
“The rapid spread of COVID-19 has demonstrated that no nation can act alone against a global pandemic. The United States is proud to have Mongolia as a Strategic Partner, and this assistance today is a clear demonstration of our unwavering cooperation,” said U.S. Ambassador Michael S. Klecheski. “As a friend and third neighbor, the United States will continue to stand by the people of Mongolia in these challenging times.”
With this additional assistance, the United States has provided over $4 million (11 billion MNT) bilaterally to help Mongolia respond to COVID-19. USAID is focused on strengthening Mongolia’s ability to fight the disease through infection prevention and control; preparing laboratory systems for large-scale testing; and communicating with the public on steps they can take to prevent and respond to the spread of the virus.
The United States is the world’s largest provider of assistance in public health. Over the past two decades, the United States has provided more than $140 billion in global health assistance. This includes being the single largest donor to COVAX, the COVID-19 Vaccine Global Access initiative with an initial pledge of $2 billion through USAID—out of a total planned $4 billion—to support the purchase and delivery of COVID-19 vaccines for Mongolia and 91 other countries.
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Mongolia adds 2,366 new COVID-9 cases www.xinhuanet.com

June 24 (Xinhua) -- Mongolia reported 2,366 new COVID-19 cases over the past 24 hours, raising the national caseload to 102,629, the health ministry said on Thursday.
Thirteen more fatalities were reported in the past day, bringing the nationwide death toll to 500, the ministry said in a statement, adding that 1,059 more patients recovered, taking the total recoveries to 66,602.
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.
More than 1,713,700 Mongolians have been fully vaccinated so far.
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Leading banking, finance and technology companies taking their strategic partnership to next level www.montsame.mn

Ard Financial Group JSC (Ard), GrapeCity Mongol LLC (Grape), and MOST Fintech (MOST) signed a strategic partnership agreement in 2017. On June 23, they confirmed this partnership and announced the start of the next stage of cooperation.
Grape, established in 2000, supplies banking software to 12 out of the 13 commercial banks operating in Mongolia. Ten of them use Grape's core banking system. Grape is taking steps to compete internationally.
MOST, Mongolia's first Fintech company, was established in 2008 with a mission to build a nationwide online payment infrastructure. It received the first and only license to operate a payment system network from the Bank of Mongolia. It has been providing Ard App's payment service infrastructure to more than one million users.
As part of the next stage of the partnership, Grape and MOST are looking to become publicly listed companies. Ard and other strategic investors will lead pre-IPO equity rounds, while Ard Securities will work as the primary underwriter of the IPOs. The IPOs will allow the public to own shares in the first publicly-traded IT service company in the Mongolian stock market.
Thus, the partnership of Mongolia's leading banking and payment software company and industry-leading fintech companies will make it easier to provide financial and technological services to customers in a more accessible and straightforward way.
Founder of Grape, Chairman of the Board of Most, and Mongolia's first programmer Mr. Suhdorj Avir founded BSB Group, Mongolia's foremost information technology company in 1991; Grape, a banking and payment software solutions company in 2000; and Incomnet, a satellite communications service provider in 2001. He is a pioneer in Mongolia's telecommunications and has been a driving force in the banking and payment sector. He has implemented several successful projects over the past 40 years, establishing the country's first payment service operator (MOST) in 2008 and launching the MostMoney mobile wallet in 2012.
In terms of assets, Grape accounts for 83 percent of the domestic banking software market. Over 150 NBFIs, SCCs, and microfinance institutions use Grape's POLARIS system for microfinance institutions' accounting. Considering this unique situation, Grape has made the MOST platform publicly available to the public.
Ard Financial Group is a diversified financial services holding company with the overarching goal of increasing its shareholders’ equity through investing in and developing leading financial services and technology companies. Our investment portfolio consists of companies such as Ard Insurance, Ard Credit, Ard Securities, Ard Life, Ard Assets, Ard Management, Ard Bit, TenGer Systems, MEC Partners (ardshop.mn), Mongol Post, Ard Holdings International, Ard Leasing, Ard Properties and Ard Realty. Ard App, Ard Fintech, ArdCoin, Ard Cash, CryptoNation, Digital Assets Exchange and Ard Digital Bazaar are proprietary digital products based on artificial intelligence and blockchain technology.
Source: Ard Financial Group
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World Bank to support sustainable urban transport in Ulaanbaatar www.montsame.mn

On June 23, 2021, the World Bank Board of Directors approved a $100 million loan to support the Ulaanbaatar Sustainable Urban Transport Project, which will develop a comprehensive framework for sustainable urban mobility for Mongolia’s capital, and will reduce congestion, improve road safety, and address climate resilience on selected transport corridors.
In Ulaanbaatar, where close to 50 percent of the country’s population resides, travel demand has been increasing due to rapid urbanization. The city’s current 1,100-km-long street network is sparse and disconnected, while traffic management and road safety facilities are insufficient, causing delays, traffic accidents, and congestion. Poor public transport services and vulnerability to natural hazards such as flooding are affecting residents’ livelihoods and disproportionately hurting vulnerable and low-income populations. At the same time, lack of evidence-based planning and management, and weak institutional capacity have hampered efficient allocation of limited financial resources.
The project will finance street network infrastructure for selected transport corridors as well as better integrated public transport systems. This includes road reconfiguration, rehabilitation, and construction on selected priority corridors, upgrading bus management systems and improvements of bus stops, and installation of intelligent transport systems and smart parking management systems across the city. The project will also support strategic studies and capacity building activities to help the municipality build effective institutions for transport planning and management.
“Improving traffic conditions in Ulaanbaatar has become a top priority for the municipality and the Mongolian government, and the World Bank is pleased to be providing support in this area through its expertise and financial resources,” said Andrei Mikhnev, World Bank Country Manager for Mongolia. “The project is designed to benefit all road users including vulnerable users such as pedestrians in Ulaanbaatar through reduced traffic congestion, improved road safety, and less disruptions from natural hazards.”
“Addressing Ulaanbaatar’s urban transport issues requires a comprehensive and long-term approach to provide urban mobility for all users in a sustainable way,” said Yang Chen, World Bank Senior Transport Specialist. “This project will build the foundation for the comprehensive Ulaanbaatar Sustainable Urban Transport program, which was conceptualized based on the results of analytical work and technical assistance done by the World Bank and the municipality over the past six years.”
The Municipality of Ulaanbaatar will be responsible for the overall project implementation and oversight of the project. It is the first project in Mongolia to be fully financed by the World Bank Group’s International Bank for Reconstruction and Development (IBRD).
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