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

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Japan to build Mongolia’s first solar power plant with storage capacity www.news.mn

Japanese plant engineer JGC Holdings will oversee the design and construction of Mongolia’s first solar power plant with storage capabilities as the country steps up its adoption of renewable energy.
Mongolia’s energy ministry awarded the order for the 5 megawatt solar farm with 3.6 megawatt-hours of storage capacity to JGC, Japan’s NGK Insulators and local general contractor MCS International. The value of the contract, which also includes an energy management system, has not been disclosed.
Construction of the solar plant will begin next month in the city of Uliastai — 1,100 km west of the capital, Ulaanbaatar — with operations slated to begin in the spring of next year. The generated power is expected to meet nearly all electricity needs of Uliastai’s population of about 20,000.
NGK will produce storage batteries capable of withstanding the harsh conditions in Mongolia, where winter temperatures fall to minus 40 C. MCS International will handle construction and operation of the facility once completed.
The Mongolian project qualifies for a carbon credit framework under which assistance to reduce greenhouse gas emissions in developing countries is counted toward Japan’s tally. It is expected to translate to a 6,423 ton reduction in Japan’s annual carbon dioxide emissions.
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New COVID-19 containment measures hitting Mongolian coal supply to China www.news.mn

Mongolian coal supply to China has come under greater scrutiny by Chinese market participants amid the latest coronavirus containment measures implemented on 16 March at the Ganqimaodu border.
The new border checks include a COVID-19 test for the drivers each time they enter China and a reduction in the number of vehicles allowed to 50 per day from 200 earlier.
The latest containment measures would translate to lesser coal volumes being transported into Mongolia daily, with traders already raising prices by Yuan 20-30/mt for unwashed coals.
Industry sources reported less than 50 vehicles crossing into China on 18 March and they expect the number to fall drastically in the coming days.
Despite the slight increase in prices, market sources said that sentiments have not turned bullish yet, as demand for domestic coking coal and coke have taken a backseat in March.
Mongolia coal supply to China shared a big chunk of China’s overall coking coal imports in 2020 amid the country’s import restrictions on Australian cargoes. This implies the supply and prices of Mongolian coals are also being closely monitored, alongside domestic coking coal prices. Source (S&P Global)
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Moody’s upgrades Mongolia’s issuer ratings from negative to stable www.news.mn

Moody’s Investors Service has changed the outlook on the Mongolian government’s issuer ratings from negative to stable, and affirmed the long-term B3 issuer, local media reported on Wednesday.
The decision to change the rating outlook to stable reflects Moody’s view that liquidity risks and external pressures have stabilized for the foreseeable future, albeit at somewhat higher levels than seen prior to the COVID-19 pandemic, Moody’s said in a statement.
External vulnerabilities have declined, on the back of a faster than expected recovery in mining exports, that Moody’s expects to continue.
The affirmation of the B3 rating reflects Mongolia’s existing credit challenges, including long-standing external and liquidity risks, as well as fiscal weaknesses that have increased due to the pandemic, the credit rating agency said.
In 2021, stronger growth in both Mongolia’s exports and imports will result in wider current account deficits relative to 2020, although Moody’s estimated that deficits in the next four years will narrow to nearly half of the pre-pandemic averages.
A steady recovery in China, Mongolia’s largest export market, will continue to support overall demand for commodities, according to the agency.
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Mongolia issues first transfer pricing assessment www.news.mn

The Mongolian Government has issued its first transfer pricing tax assessment, hitting a mining company with a tax bill of approximately USD 228 million and a denial of USD 1.5 billion in carried forward losses, the OECD said on 18 March. The tax assessment was issued in late 2020 and currently remains in dispute.
The move represents “a significant milestone and step forward” for the Mongolian tax administration in strengthening its efforts to combat tax base erosion and profit shifting (BEPS) in the mining sector, said the OECD. The 37-member nation group has been working with Mongolia since 2019 to shore up its tax collections from the extractives sector, which contributed more than 80 percent of Mongolia’s exports and 24 percent of fiscal revenues in 2019.
“Mongolia is successfully implementing the BEPS measures by introducing a number of international taxation provisions,” the OECD said.
Launched in 2015, the Tax Inspectors Without Borders programme is designed to support developing countries in building tax audit capacity. The programme sends tax experts from around the world to work side by side with local officials on pre-audit risk assessment and case selection, investigatory techniques, transfer pricing audits, and sector-specific issues. (mnetax)
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Trump is returning to social media in a few months with his own platform, spokesman says www.cnn.com

New York (CNN Business)Former President Donald Trump is coming back to social media -- but this time with his own network, a Trump spokesperson told Fox News on Sunday.
Jason Miller, a long-time adviser and spokesperson for Trump's 2020 campaign told Howard Kurtz on Fox's "MediaBuzz" that Trump will be "returning to social media in probably about two or three months." He added Trump's return will be with "his own platform" that will attract "tens of millions" of new users and "completely redefine the game."
.@JasonMillerinDC said President Trump will be "returning to social media in two or three months" with "his own platform" that will "completely redefine the game" and attract "tens of millions" of new users. #MediaBuzz
— #MediaBuzz (@MediaBuzzFNC) March 21, 2021
"This is something that I think will be the hottest ticket in social media," Miller told Kurtz. "It's going to completely redefine the game, and everybody is going to be waiting and watching to see what President Trump does, but it will be his own platform."
Miller said during his appearance on Fox News that the former president has been approached by numerous companies and is in talks with teams about the new platform.
"This new platform is going to be big," Miller said on Sunday. "Everyone wants him and he's going to bring millions and millions -- tens of millions -- to this platform."
The announcement comes after Trump was permanently suspended from Twitter and other social platforms, such as Facebook, following his incitement of the US Capitol riots on January 6 -- where hundreds of Trump supporters stormed the US Capitol building, leaving five people dead.
Following Trump's ban on Twitter, Jared Kushner, the former president's son-in-law and senior adviser, intervened when other aides attempted to get Trump on fringe social media platforms such as Parler and Gab.
-- CNN's Kaitlan Collins and Kevin Liptak contributed to this report.
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Requirements updated for insurers and insurance intermediaries www.montsame.mn

The Financial Regulatory Commision's resolution No. 25 of 2021 has amended the ‘Insurance Package’; based on:
measures reflected in policy and strategy documents,
the Insurance Core Principles (ICP) developed by the IAIS,
the regulatory environment (and experiences) of other countries, and
the problems facing the sector.
In particular, the Resolution approved the following additional new regulations:
Annex 1: Requirements and regulatory obligations for insurers and insurance intermediaries;
Annex 13: Requirements for Insurers’ Reinsurance Plans; and
Annex 18: List of documents require to apply for a license.
These changes offer simple and convenient ways for for individuals, legal entities, and license holders, to use licenses (and electronic registration and licensing practices that are compliant with international standards and current trends).
The principle of prior approval - for the marketing of insurance products to the public - has been updated to incorporate principle-based regulation, and to foster competition and access to the financial sector, as well as to expand the selection of products.
Insurers and insurance intermediaries must provide required information to clients prior to and after the conclusion of an insurance contact, in order to strengthen the regulation and protect the insurer's interests. Created conditions for the insurer's reinsurance activities to be managed, regulated, and implemented in an effective and proper manner.
Procedures described in the Resolution, include: details of the reinsurance plan, the insurer's risk management unit, the roles and responsibilities of the board of directors, possible risks due to reinsurance activities, and the criteria for selecting a reliable reinsurer.
These improvements should provide an opportunity to: grow a responsible and skilled workforce; and develop technology-based products and services, and an ethical insurance industry.
These legislative actions have entered into force, according to the General Administrative Law. In this regard, on 2 March, 2021, the Commission held an online meeting with members of the Mongolian Insurance Association, the Mongolian Insurance Brokers Association, and the Mongolian Banking Association (and their member organizations). During the meeting, the FRC provided information on the amendments, and provided guidance how to ensure implementation.
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AstraZeneca's new trial data gives COVID-19 vaccine a boost in U.S. www.reuters.com

FRANKFURT/TAIPEI (Reuters) - AstraZeneca’s coronavirus vaccine received a major boost on Monday after data from a large trial showed it was safe and effective, potentially paving the way for its emergency authorisation in the United States as countries in Asia accelerated its rollout.
The trials in the United States, Chile and Peru showed the vaccine was 79% effective at preventing symptomatic COVID-19 and could bolster confidence in the product after confusion over its efficacy data, dosing regimen and possible side-effects.
Many European countries halted the use of the AstraZeneca shot earlier this month after some reports that it was linked to blood clots, but have since resumed inoculation after a regional regulator said it was safe. A survey on Monday showed Europeans remained sceptical over its safety.
Leaders in Asia have sought to boost public confidence by taking the AstraZeneca shot themselves amid concerns a slowdown in the global vaccination rollout could hurt the fight against COVID-19, which has killed over 2.8 million people worldwide.
The AstraZeneca shot was among the first and cheapest of the COVID-19 vaccines to be developed and launched at volume and is set to be the mainstay of vaccination programmes in much of the developing world.
“I have just finished getting the (AstraZeneca) injection, there is no pain at the injection site, and there is no soreness of the body,” Taiwan Premier Su Tseng-chang told reporters as the island launched its inoculation campaign on Monday.
Thailand’s prime minister also became the first person in the country to be inoculated with the AstraZeneca vaccine after its rollout was temporarily put on hold over safety concerns, while Indonesia began using it on Monday after suspending it last week. But Indonesia’s Food and Drug agency has warned against its use on people with blood clotting disorders.
South Korean President Moon Jae-in, 68, plans to get the shot on Tuesday after the government said it could be used on older people.
Moon sought to reassure the public on Monday that the AstraZeneca shot is safe and encouraged people to take it.
“Vaccination is to protect not just yourself but also our society as a whole by creating herd immunity,” he said.
British Prime Minister Boris Johnson received his first dose of the AstraZeneca COVID-19 vaccine on Friday, saying he “did not feel a thing.”
The European Medicines Agency regulator said on Thursday the vaccine is effective and not linked with a rise in the overall risk of blood clots.
Yet a survey released on Monday showed that people in seven European countries were more likely to see the vaccine as unsafe than as safe.
Many Asian countries heavily rely on the AstraZeneca vaccine to end the pandemic, as the shot is being used in inoculation programmes in Australia, South Korea, the Philippines, Vietnam, Thailand, and India.
Some states in India, which has the highest coronavirus caseload after the United States and Brazil, are seeking to accelerate the vaccination drive, as the country reported its most COVID-19 cases and deaths in months on Monday.
As vaccine demand rises at home, top producer the Serum Institute of India has delayed further shipments of the AstraZeneca shot to the United Kingdom, Brazil, Saudi Arabia and Morocco..
Australia, which has inoculated just 1% of its population so far, is also accelerating vaccination after the country’s pharmaceutical regulator approved on Sunday the local manufacturing of the AstraZeneca vaccine by CSL.
Within 12 weeks, CSL is expected to produce 1 million doses of the vaccine each week.
Reporting by Ben Blanchard in Taipei, Krishna Das in New Delhi, Colin Packham in Canberra, Stanley Widianto in Jakarta, Sangmi Cha in Seoul and Neil Jerome Morales in Manila; Writing by Miyoung Kim; Editing by Ana Nicolaci da Costa
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Mongolia reported 210 daily cases of coronavirus www.akipress.com

Mongolia reported 210 daily cases of coronavirus on March 22.
The country's total of confirmed cases reached 5,186 so far.
One case was imported by a person who arrived from Budapest, all the rest were locally transmitted ones.
The total number of people who recovered reached 3,606 with 129 daily recoveries, the recovery rate is 71%.
1,407 patients are under treatment, 3 of them are in serious, 15 are critical condition, while the rest have a mild form of the disease.
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Mongolia ranks 70th in Happiness Index www.ubposts.com

General Assembly in 2012 decided that March 20 should be designated as World Happiness Day because of the fact that human beings strive for well-being and dream of happiness. It is recommended that countries celebrate this day with appropriate education and enlightenment programs and March 20 is a symbol of equality and happiness for all people in the world.
The UN Committee on Sustainable Development’s annual World Happiness Report was released on Thursday (March 18, 2021). In this report, Mongolia is ranked 70th out of 149 countries in the world with a happiness index of 5.6.
Finland was re-named the happiest country in the world with 7.8 points, followed by Iceland, Denmark, Switzerland and the Netherlands. The country with the most progress is Croatia, which was ranked 79th in the previous list, but this time it is ranked 23rd and moved up 56 places. The United States slipped from 14th to 18th and the United Kingdom dropped from 13th to 18th. The unhappy countries in the world are India, Burundi, Yemen, Tanzania, Haiti, Malawi, Zimbabwe and Afghanistan.
The report measures a country’s level of happiness based on a number of indicators, including life expectancy, social welfare, level of corruption, GDP per capita, civil liberties, job security, level of corruption, and the results of public opinion polls.
The Happiness Index is based on quality of life, positive and negative emotions, and quality of life is the level at which a basic need for a healthy, sustainable life is met on a daily basis. Researchers point out that this year’s report was largely influenced by the pandemic and other adverse changes.
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Over 209,000 people in Mongolia partially vaccinated against COVID-19 www.montsame.mn

It was reported at today’s COVID-19 daily briefing by the Ministry of Health, a total of 209,278 people in Mongolia have received the first dose of vaccine against COIVD-19. Among them, 205,844 people in Ulaanbaatar city and 3,434 people – mine workers in Umnugobi aimag have been vaccinated.
On March 22, today, around 11,280 people, including employees of essential organizations and businesses and people aged 50-64, are scheduled to receive the first dose of COVID-19 vaccine. Some 732 healthcare workers are working at 40 vaccination sites across the capital city to administer the vaccines.
Currently Mongolia has received a total of 474,000 doses of COVID-19 vaccines, including 164,000 doses of AstraZeneca via Indian assistance and COVAX Facility, 300,00 doses of Sinopharm (Verocell) vaccine from China and 10,000 doses of Sputnik-V vaccine from Russia.
The second dose of AstraZeneca vaccine will be administered 8 weeks after the first dose or around April 21, and of Sinopharm and Sputnik-V will start being given from April 10.
Accelerating the vaccination rollout in the country, which is covering not less than 10,000-15,000 people daily since February 23, more vaccines supplies will arrive from abroad in coming weeks and more than 30,000 people will be vaccinated each day, reports the Press Secretary of the Cabinet Secretariat Ts.Ganzorig.
According to him, 25,740 doses of Pfizer vaccine will arrive by the end of March. And Mongolia is planning to receive 300,000 doses of AztraZeneca vaccine, 300,000 doses of Sputnik-V vaccine and 900,000 doses of Sinopharm vaccine by early April and another 97,600 doses of AztraZeneca vaccine by the end of April, which are sufficient for fully vaccinating more than 800,000 people.
As a result, over one million of population in Ulaanbaatar will receive the first dose of COVID-19 vaccines by May 22, and the second doses will be completed administering to the one million people by June 20.
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