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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67 new COVID-19 cases reported www.montsame.mn

Ulaanbaatar /MONTSAME/ At a daily briefing of the Ministry of Health today, it was reported that 67 new cases of COVID-19 – 63 in Ulaanbaatar city and 4 in Zuunmod, Tuv aimag – have been detected after testing 21,626 people nationwide in the past 24 hours.
62 of the new cases are close contacts of previously confirmed cases and the sources of the other five are being investigated. In Ulaanbaatar, 20 cases have been detected in Bayanzurkh district, 4 in Songinokhairkhan district, 13 in Bayangol district, 17 in Khan-Uul district, five in Sukhbaatar district, and four in Chingeltei district. 58 people have been discharged from the hospital in the past 24 hours after recovering from the virus
Mongolia has so far recorded 3,228 confirmed cases, of which 78,6 percent or 2,539 have made recovery.
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PM: Government, central bank, commercial banks will together overcome economic difficulties www.montsame.mn

Ulaanbaatar /MONTSAME/. Prime Minister of Mongolia L.Oyun-Erdene today, March 04, held a meeting with the representatives from the banking and financial industry of the country.
The meeting was attended by more than 30 representatives, including Minister of Finance, officials from the Bank of Mongolia and directors of 12 commercial banks operating in Mongolia, and representatives from government and nongovernment organizations.
The meeting agenda focused on issues to consider by the banking industry for the implementation of the government’s MNT 10 trillion comprehensive plan for the economic recovery and health protection.
At the beginning of the meeting, Prime Minister L.Oyun-Erdene introduced about the recently-approved MNT 10 trillion financing plan, which outlines a measure to provide small and medium sized businesses and manufacturers with 3-percent interest loans, totaling MNT 2 trillion with government budget funding, and asked the commercial banks to cooperate within this target.
“Due to the COVID-19 related restriction measures in the country, the country’s GDP fell 6 percent in 2020 and the number of job places has been reduced by over 70,000 out of a total 820,000 job places in Mongolia. And it is calculated that the number is likely to increase to 130,000 in case the lockdown measures are enforced and no financial support is available,” reminded the Prime Minister.
The meeting also heard presentations by the banking representatives on the current situation and their views and expectation on the government’s MNT 10 trillion economic recovery plan.
Banks wish to ease lending criteria for borrowers
Chief Executive of the Mongolian Bankers Association L.Amar mentioned that in 2020, commercial banks spent one-third of their expenses or around USD 100 million in total to improve their technologies and for digital transformation, which helped customers access uninterrupted services amid COVID-19.
He also informed that around 40 percent of loans issued on the market is considered somewhat risky and commercial banks have deferred consumer loan repayment of around 150,000 borrowers and mortgage loan repayment of 55,000 consumers.
According to him, the commercial banks are willing to invest in measures to increase job employment and income. The requests proposed by the banks include lowering of eligibility criteria for borrowers, only to consider their ability to repay the loan; ensuring transparency of requirement set by the government; establishing bureaucracy-free and digital control system and having a system designed for protecting the borrowers against credit risks, etc.
Vice President of the Mongolian Bankers Association J. Medree highlighted that the eligibility criteria for borrowers interested in taking out loans should be eased as a large number of companies and businesses are not in condition to satisfy the requirements set for the loan programs announced within the framework of the MNT 10 trillion plan.
After hearing proposals and suggestions from the banking and financial industry representatives, Prime Minister L.Oyun-Erdene pointed out that all possibilities will be explored to solve the problems and the current economic difficulties will be overcome with the help of collaboration of the government, the Bank of Mongolia and commercial banks
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Europe starts formal review of Russia's Sputnik V COVID-19 vaccine www.reuters.com

MOSCOW (Reuters) - Europe’s medicines regulator said on Thursday it had started a rolling review of Russia’s Sputnik V COVID-19 vaccine, an important display of confidence in the shot that paves the way for its potential approval across the 27-nation bloc.
Hungary became the first EU country to grant the Russian vaccine emergency national approval in January, Slovakia has ordered shipments, and Czech Prime Minister Andrej Babis has said his country could move to use Sputnik V.
The European Medicines Agency (EMA) said in a statement it would review data from ongoing trials of the vaccine until there was enough evidence for a formal marketing authorisation application. (bit.ly/3uQxwfL)
EMA’s ‘rolling reviews’ are aimed at speeding up the approval process by allowing researchers to submit findings in real-time before final trial data is ready.
“While EMA cannot predict the overall timelines, it should take less time than normal to evaluate an eventual application because of the work done during the rolling review,” it said.
Kirill Dmitriev, CEO of the RDIF sovereign wealth fund that is promoting Sputnik V internationally, hailed the start of EMA’s rolling review as an important moment for Russia which he said showed its application had been a strong one.
“Sputnik V can act as a bridge between Russia and Europe, but its roll out should not get bogged down in politics,” Dmitriev told Reuters, praising Germany, France, Italy and Austria for what he called their pragmatic approach to Sputnik V.
The shot’s efficacy was initially greeted with scepticism by some Western scientists after Russia approved it in August last year without waiting for the results of full clinical trials.
However, some of those initial concerns appear to have faded after scientists said it was almost 92% effective in fighting COVID-19, based on peer-reviewed late-stage trial results published in The Lancet medical journal last month.
The two-shot vaccine uses two different weakened common cold viruses to deliver immune-building protein to the human body.
Dmitriev said Moscow could provide vaccines for 50 million Europeans starting from June if the shot won EU-wide approval, adding he expected several EU countries to approve the use of Sputnik V this month for their national use.
He did not name the countries.
Europe has so far approved vaccines from Pfizer/BioNTech, Moderna and AstraZeneca/Oxford, while ongoing reviews for CureVac and Novavax’s candidates are underway.
The EMA is expected to give its verdict on J&J’s single-shot vaccine on March 11.
Reporting by Andrew Osborn in Moscow and Pushkala Aripaka in Bengaluru; Editing by Sriraj Kalluvila, Bernard Orr, William Maclean
 
 

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Mongolia reports 44 daily cases of coronavirus www.akipress.com

Mongolia reported 42 daily cases of coronavirus in the capital and 2 in Zavkhan aimag after PCR testing of 19,507 people nationwide yesterday, the Health Ministry said on March 4.
Mongolia has reported a total of 3,076 cases of coronavirus, including 2,415 recoveries (+55 for a day).
657 patients are treated in medical institutions, 2 patients are in extremely serious condition, 7 in serious condition, and the remaining patients have a mild form of the disease.
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Mongolian lamb to be new brand www.montsame.mn

Ulaanbaatar /MONTSAME/ “Mongolian lamb grill” fast food restaurant was opened at “Saruul” trade center on March 3.
Generally, Mongolians do not use very young animals for their consumption, but this new service is being introduced within a “Mongolian eco lamb” project that aims to improve processing of Mongolian livestock meat, provide population with nutritious, eco food and make export. Specifically, “Mongolian eco lamb” project is a sub project being realized within the “Rich Herder” project.
"Putting young livestock into economic circulation gives various benefits including profiting herders, creating new consumption and Mongolian lamb meat brand and exporting quality meat. By gaining profit, herders’ livelihood will be raised," coordinator of “Rich Herder” project L.Odser said. Numerous works are being carried out in the scope of "Rich Herder” project beginning from breeding selection to involving herders in business training and making market research on meat processing and new meat products.
Product development of “Mongolian eco lamb” project is now underway and the project team has received orders from consumers to introduce the product in foreign and domestic market networks under franchising, noted 'Mongolian eco lamb' project coordinator B.Soyoltuya.
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Renovation of Biocombinat to be intensified www.montsame.mn

Ulaanbaatar /MONTSAME/. Minister of Agriculture, Food and Light Industry Z.Mendsaikhan met today with Ambassador Extraordinary and Plenipotentiary of Hungary to Mongolia Borbala Obrusanszky.
Minister Z.Mendsaikhan expressed his satisfaction with the start of the Biocombinat state-owned factory renovation project which is an important cooperation project between the two countries, while stressing the need for both sides to intensify the realization of the project and complete it on time.
Ambassador Borbala Obrusanzsky expressed readiness of Hungarian government to provide soft loans for the next phase of cooperation projects.
In his turn, Minister Z.Mendsaikhan said that the loan will be spent to rehabilitate and build wells and water points in Mongolia, to develop flood water management, and to establish potato and vegetable warehouses.
In addition, Minister Z.Mendsaikhan said that Mongolia is seeking to diversify its export products and become an agricultural exporter with using its resource of 71 million livestock. Moreover, he introduced the need to implement projects in line with Mongolia’s medium and long-term development policy document and the Government Action Plan for 2020-2024.
Expressing gratitude to the Hungarian side for supporting the education sector of Mongolia by extending its scholarship program until the end of 2023, the Minister expressed desire to include the sector’s professionals and personnel in the program.
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Mongolia ranked 86th with its economic freedom www.montsame.mn

Ulaanbaatar /MONTSAME/ ‘Economic freedom index 2021” released by Heritage Foundation ranks Mongolia 86th out of 178 countries and classifies it as “moderately free”.
Since 1995, the Heritage Foundation, headquarters in Washington, D.C. USA, has been measuring countries’ economy in four broad pillars - rule of law, government size, regulatory efficiency and open markets and dividing them into five categories namely free (80-100 scores), mostly free (70-79.9 scores), moderately free (60-69.9 scores), mostly unfree (50-59.9 scores) and repressed (0-49.9 scores).
Mongolia gained 62.4 scores and Its overall score has increased by 6.5 points, primarily because of an improvement in fiscal health. Mongolia is also ranked 14th among 40 countries in the Asia–Pacific region, and its overall score is above the regional and world averages.
Singapore led the countries for the second year with the highest score or 89.7 followed by New Zealand (83.9), Australia (82.4), Switzerland (81.9) and Ireland (81.4).
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13,200 people in Mongolia have had first dose of COVID-19 vaccine www.montsame.mn

Ulaanbaatar /MONTSAME/. At today’s COVID-19 press briefing organized by the Ministry of Health, O.Dashpagma, Director of the Vaccination Department of the National Center for Communicable Diseases reported that since February 23, when the vaccination drive kicked off in Mongolia, a total of around 13,200 people have received the first dose of AztraZeneca vaccine against coronavirus until today, March 04.
Among them, 9500 people are healthcare personnel, including members of the teams administering COVID-19 vaccine, and 2,600 people are the first responders against CVOID-19, such as police, emergency management and professional inspection officials.
The vaccination is continuing at 18 locations in Ulaanbaatar city. In the past 24 hours, around 2,000 people have got inoculated with the first dose of the COVID-19 vaccine.
According to the Ministry of Health, people over 50s, people with disabilities, individuals with underlying medical conditions, such as those with cardiovascular diseases, diabetes and cancer, groups of individuals of ready reserve mobilization for COVID-19 vaccination and response measures, employees of strategically-important sectors, such as border employees and coal-hauling truck drivers and employees of all-levels of educational organizations are next in line to receive coronavirus vaccines.
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Rio Tinto chairman to step down over caves blast scandal www.mining.com

Rio Tinto’s (ASX, LON, NYSE: RIO) chairman Simon Thompson became on Wednesday the latest high-profile executive to announce his departure amid backlash for the company’s destruction of two 46,000-year-old rock sacred shelters in Western Australia last year.
Thompson, a former geologist and investment banker, said he will not seek re-election as a director at the 2022 annual general meetings, as he was “ultimately accountable” for the blasting at Juukan Gorge to expand an iron ore mine.
He also regretted the fact that the destruction had “overshadowed” the company’s successes in 2020 – during which it paid a record dividend to investors as a result of booming iron ore prices.
Non-executive director Michael L’Estrange, who led the review into Rio’s handling of the incident, will retire in May. The company said he needed to reduce his workload after “significant surgery.”
L’Estrange’s internal examination of the caves disaster was later criticized by Australian politicians, including Senator Pat Dodson, who call it an “unsatisfactory piece of work” that was “full of mea culpas and corporate lingo.”
The review concluded in August that there was “no single root cause or error that directly resulted in the destruction of the rock shelters.”
But internal documents revealed in September that Rio Tinto had engaged a law firm before the blasting, in case the traditional owners applied for a court injunction to save the rock shelters.
Heads roll
In addition to Thompson and L’Estrange, former chief executive Jean-Sébastien Jacques is due to leave the company at the end of March. He has been replaced by Jakob Stausholm, who was chief financial officer.
Rio initially penalized Jacques by cutting his short-term bonuses, amounting to almost $5 million (£3.7m).
Last month, however, the company revealed that Jacques had finished 2020 with a substantial payout. Jacques received £13.3 million ($18.6 million) under Australian accounting rules, up from £7.1 million ($9.9 million) in 2019.
Two other senior executives, who were in charge of the iron ore division and the unit responsible for dealing with Indigenous communities, also received hefty remunerations. Both Chris Salisbury and Simone Niven left Rio last year.
The National Native Title Council (NNTC) welcomed the latest departures, adding that if Rio Tinto was serious about cultural change it would replace at least one of the outgoing executives or directors with at one Aboriginal person.
“They are signalling the right intent but the proof will be in the pudding, in the action that they deliver,” NNTC chief executive Jamie Lowe said in an emailed statement.
The Western Australian government has promised to update Indigenous heritage laws that allowed Rio Tinto to legally destroy the sacred sites.
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‘Under the Turquoise Sky’: A love letter to Mongolia www.japantimes.co.jp

While certain Mongolians are well-known in Japan, especially the sumo wrestlers who have come to dominate the sport in the past 20 years, Mongolia the country mostly draws a blank in the popular mind.
Kentaro, a multicultural actor who goes by one name and has Hollywood credits (“Rush Hour 3,” “Taxi 2”), did not exactly set out to educate the audience with his first film as a director, “Under the Turquoise Sky,” but he still offers an affectionate, visually sumptuous love letter to Mongolia’s land, people and culture. Whether it motivates more Japanese to visit Mongolia (about 22,500 did in 2017) I have no idea, though its beauty shots of the wide open Mongolian landscape, made with an 8K video camera, may prompt many a Google search.
Co-scripted by Kentaro and Amra Baljinnyam, a Mongolian actor who also stars in the film, the story is simplicity itself: A sickly corporate titan, Saburo (Akaji Maro), decides to send his spoiled grandson Takeshi (Yuya Yagira) to Mongolia to search for the daughter he fathered with a local woman 70 years ago, when he was a World War II prisoner of war.
The idea, Saburo says, is to give the kid “a purpose in life,” though how wandering about the Mongolian steppes will accomplish that he doesn’t say. Even more strangely, he hires as a guide Amaraa (Amra), a burly man who stole a horse from his stable and rode it through downtown Tokyo with the police in hot pursuit (a farcical, dream-like sequence that signals early on the film’s freeform mix of genres and moods).
Once in Mongolia, Takeshi and Amaraa head off into the backcountry in a rattletrap white minivan. Mishap after comic mishap follows, including the vehicle’s foredoomed breakdown. Meanwhile, Amaraa asks a succession of strangers for the whereabouts of the daughter. And predictably he comes up with exactly nothing.
Just when the film seems stuck in a repetitious rut, like the van’s wheels spinning in the mud, it begins to give us glimpses of another, more mysterious Mongolia. Takeshi and Amaraa encounter a chanting, drum-beating shaman atop a rocky hill and enjoy the infectiously rhythmic performance of traditional musicians around a roaring campfire.
And when the car gives out in a cloud of smoke, Amaraa successfully negotiates for a replacement — an aged motorcycle and sidecar — with its nomad owner using only gestures and glances. It’s a funny scene that is suggestive of an older, wilder world in which communication needs no words.
Also, Takeshi’s change of heart — that is, his progress from self-centered playboy to considerate grown-up — may be as inevitable as the sunrise, but it comes from a real, elemental place, not just a plot device. Playing this scapegrace hero, Yagira seems to be hugely enjoying himself: Compared with his more serious work for Hirokazu Kore-eda (“Nobody Knows”) and other directors, this role is a walk in the park — or rather a stroll in the steppes. But he also completely embodies Takeshi’s transformation.
And his mission? For all its detours, from the ridiculous to the sublime, the film doesn’t forget Takeshi’s search for his long-lost aunt. But the real value of the film lies in its Mongolian characters, who amuse, impress and inspire with a naturalness that feels uncalculated — much like that endless turquoise sky.
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