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

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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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The Hu Featured on Bank of Mongolia's New Commemorative Coin www.loudwire.com

The Hu have seen a meteoric rise over the last few years, with the band providing a fresh take in the rock scene with their brand of Mongolian folk-metal. Their impact has not gone unnoticed, especially in their homeland where the Bank of Mongolia has announced plans to feature them on a new commemorative coin.
The freshly minted coin is expected to be available for release in February by the Bank of Mongolia. Have a look at the design of the coin in the illustration below:
Better Noise Music
Recently speaking with Metal Hammer, multi-instrumentalist Jaya stated, “It’s not easy to be the ice-breaker. Following in someone’s footsteps is easier most of the time. We work hard and we are proud to be the one to pave the way for other bands who will come after us. The satisfying thing is that other young people are coming up after us in Mongolia. We’re inspiring these people. If you work hard, anything is possible. If you really love it and picture it, and work for it, things will happen. This is the most satisfying thing for us.”
The Hu finished 2020 on a high note with a cover of Metallica's "Sad But True," but using their own Mongolian instrumental interpretation.
"Metallica has been a huge influence and inspiration for us as music fans and musicians," the band offered in a statement. "We admire their 40 years of relentless touring and the timeless, unique music they have created. It is a great honour to show them our respect and gratitude by recording a version of ‘Sad But True’ in our language and in the style of The Hu."
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Mongolian subsidiary of Kincora receives Tax Assessment from MTA www.news.mn

Kincora Copper Ltd. today announced that its Mongolian subsidiary Golden Grouse IBEX LLC has received a 2021 tax assessment for 2.7 billion MNT, approximately US$950,000, from the Mongolian Tax Authority (“MTA”).
The 2021 tax assessment is comprised of four items, of which Kincora strongly refutes the merit of three including the very vast majority of the liability sought relating to the 2016 merger with IBEX (the agreed liability owed is 16.2 million MNT or approximately US$5,700).
The 2016 IBEX merger required the tax assessment, which followed an audit of the IBEX’s entity’s prior year periods and the on and off-shore agreements to the merger (IBEX and parent entity). The 2016 tax assessment was a condition precedent to close the merger with any adverse liability enabling both counterparties to walk away. In the company’s view, supported by three independent external legal opinions, the 2021 tax assessment’s retrospective liability is not in-line with the 2016 tax assessment and Mongolian law, and there is no basis for a different determination.
Shortly after the IBEX merger closed, in mid-2017, a tax audit commenced on the merged entity to validate that the merger transaction completed as it was presented to the Mongolian authorities in 2016. This review has only recently completed, with a fourth audit review team, including a team member from the original 2016 review, delivering the 2021 tax assessment. A statute of limitation for the MTA to review and retrospectively enable a contradictory tax act expires on 10 February 2021.(cision)
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Mongolia reports 16 more COVID-19 cases, 24 recoveries www.xinhuanet.com

Jan. 24 (Xinhua) -- Mongolia has reported 16 new cases of COVID-19 in the last 24 hours, taking its total tally to 1,627, the country's National Center for Communicable Diseases (NCCD) said Sunday.
"A total of 12,848 tests for COVID-19 were conducted across the country yesterday and 16 of them were positive," Amarjargal Ambaselmaa, head of the surveillance department of the NCCD, said during a daily press conference.
The latest cases were locally transmitted and detected in the country's capital Ulan Bator, said Ambaselmaa.
Meanwhile, 24 more COVID-19 patients have recovered and were discharged from hospitals in Ulan Bator, bringing the total recoveries to 1,149, she added.
The Asian country has recorded two COVID-19-related deaths since it confirmed its first case of COVID-19 in March 2020. Enditem
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Mongolia eases more COVID-19 restrictions in capital www.xinhuanet.com

Jan. 23 (Xinhua) -- Mongolia on Saturday started to allow all clothing markets and hair salons in the capital Ulan Bator to reopen, a further easing of COVID-19 restrictions, the country's State Emergency Commission said.
The ban on all kinds of gaming, religious and entertainment services, bars, saunas and mass gatherings such as sports events and cultural activities in the city will stay unchanged, according to the authorities.
The country's health ministry is urging trade and service organizations to obey strict safety guidelines to prevent possible transmissions.
Ulan Bator, home to over half of Mongolia's population of 3.3 million, is hardest hit by the COVID-19 outbreak.
So far, Mongolia has recorded 1,611 confirmed COVID-19 cases, of which over 1,200 were locally transmitted.
The Asian country has recorded two COVID-19-related deaths and 1,125 recoveries. Enditem
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Mongolian People’s Party nominates Oyun-Erdene as Prime Minister www.montsame.mn

Ulaanbaatar /MONTSAME/. Earlier today, January 22, Steering Committee of the ruling-Mongolian People’s Party (MPP) and the MPP's Conference convened and unanimously agreed to nominate L.Oyun-Erdene as the next Prime Minister of Mongolia. He has been serving as the Chief of the Cabinet Secretary in the government formed in July 2020.
Now, the nomination is expected to go under discussion of the MPP parliamentary group, Parliament's Standing Committee on State Structures and a plenary session of the State Great Khural.
Born in 1980, Oyun-Erdene majored in journalism, political science, and law. Completed the Harvard University in 2015, he holds Master’s Degree in Public Administration from the university. He has been elected as a Member of the State Great Khural - the Mongolian Parliament since 2016.
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Google says it will shut search engine in Australia if forced to pay for news www.reuters.com

SYDNEY (Reuters) - Google said on Friday it will disable its search function in Australia if the government proceeds with a media code that would force it and Facebook Inc to pay local media companies for sharing their content.
Australia is on course to pass laws that would make the Big Tech giants negotiate payments with local publishers and broadcasters for content. If they can’t strike a deal, a government-appointed arbitrator will decide the price.
“The code’s arbitration model with bias criteria presents unmanageable financial and operational risk for Google,” Mel Silva, managing director for Australia and New Zealand, told a senate committee.
“If this version of the code were to become law, it would give us no real choice but to stop making Google Search available in Australia.”
Google’s comments drew sharp rebuke from Australian Prime Minister Scott Morrison who said the country makes its rules for “things you can do in Australia.”
“People who want to work with that in Australia, you’re very welcome. But we don’t respond to threats,” Morrison told reporters.
The United States government this week asked Australia to scrap the proposed laws, which have broad political support, and suggested Australia should pursue a voluntary code instead.
Australia announced the legislation last month after an investigation found Alphabet Inc-owned Google and social media giant Facebook held too much market power in the media industry, a situation it said posed a potential threat to a well-functioning democracy.
Google’s threat to limit its services in Australia came just hours after the internet giant reached a content-payment deal with some French news publishers.
Google’s testimony “is part of a pattern of threatening behaviour that is chilling for anyone who values our democracy,” said Peter Lewis, director of the Australia Institute’s Centre for Responsible Technology.
Reporting by Renju Jose; Editing by Byron Kaye and Gerry Doyle
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Serum Institute: Fire at world's largest vaccine producer kills five www.bbc.com

Five people have been killed in a fire at the site of the world's largest vaccine producer in western India.
The blaze started at a building which was still under construction at the Serum Institute of India's facilities in Pune on Thursday afternoon.
Footage showed thick plumes of smoke billowing from a building on the company's sprawling site.
The company said vaccine production would not be affected. The cause of the fire has not been identified.
The fire was later brought under control, but the city's mayor confirmed that five people had died.
"We have just received some distressing updates; upon further investigation we have learnt that there has unfortunately been some loss of life at the incident," the Serum Institute's CEO, Adar Poonawalla, said in a tweet.
"We are deeply saddened and offer our deepest condolences to the family members of the departed."
Mr Poonawalla said there would be no impact on the production of the Oxford-AstraZeneca vaccine, known locally as Covishield, "due to multiple production buildings that I had kept in reserve to deal with such contingencies".
Covishield is one of two vaccines approved by the Indian government for use in its inoculation programme, which began last week and is the largest in the world.
The country aims to vaccinate 300 million people by early August.
Many other low and middle-income countries are also depending on the Serum Institute for production of the Oxford-AstraZeneca vaccine.
India has recorded the second-highest number of Covid-19 infections in the world after the US. Since the pandemic began it has confirmed more than 10.6 million cases and almost 153,000 deaths, according to figures from Johns Hopkins University.
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Mongolia’s PM resigns after mother and newborn weren’t given warm clothes during Covid-19 hospital transfer in freezing weather www.rt.com

Mongolia’s Prime Minister Ukhnaagiin Khurelsukh has announced his resignation, after a woman who had just given birth wasn’t given warm clothes as she was being transferred for Covid-19 quarantine.
“Two days ago, a woman was transported to the National Center for Communicable Diseases in an irresponsible and inhumane manner,” the PM said on Thursday, apologizing for the incident. “I am a father. It was a heartbreaking experience for me as father and prime minister.”
Khurelsukh said he had been planning to work with “the whole team” in the cabinet, but that had become impossible after both the country’s deputy prime minister and health minister resigned on Wednesday.
“Therefore, the Prime Minister should assume the responsibility upon himself and accept the demand from the public,” Khurelsukh said.
According to the Montsame news agency, on Tuesday, a television crew filmed a woman and her newborn baby being transferred from a maternity ward to an infectious diseases hospital where she would be quarantined.
The public was outraged that the woman was wearing only a hoody, sweatpants, and slippers as she was being transported in freezing weather to the ambulance by a medical worker in protective gear. The woman had been diagnosed with Covid-19 earlier that day.
The video quickly went viral, prompting people to stage a rally in the country’s capital Ulaanbaatar to demand that officials were held accountable for her treatment.
The hospital has apologized to the woman and her family.
Sparsely populated Mongolia has had only 1,584 cases of the coronavirus and two deaths.
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Mongolia logs 16 new COVID-19 cases, 13 recoveries www.xinhuanet.com

Jan. 21 (Xinhua) -- Mongolia added 16 COVID-19 cases in the past 24 hours after 12,940 tests had been conducted across the country, the National Center for Communicable Diseases (NCCD) said Thursday.
The latest cases were locally transmitted or detected in the country's capital Ulan Bator, Amarjargal Ambaselmaa, head of the NCCD's Surveillance Department, said at a daily press conference.
Mongolia has confirmed a total of 1,584 COVID-19 cases so far, including more than 1,100 locally transmitted ones.
Meanwhile, 13 more patients have recovered from the disease, taking the total to 1,046.
The Asian country, with a population of around 3.3 million, has recorded two COVID-19-related deaths so far. Enditem
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Mongolia Premier Quits, Blames President Over Covid Protests www.bloomberg.com

Mongolia’s prime minister resigned a day after protests against his government’s Covid-19 control measures erupted in capital Ulaanbaatar.
Prime Minister Khurelsukh Ukhnaa submitted his resignation and a proposal to dissolve his government Thursday after hundreds gathered outside the parliament building to demonstrate against the policies.
Parliament, which is controlled by Khurelsukh’s Mongolian People’s Party, voted overwhelmingly Thursday to accept his resignation.
relates to Mongolia Premier Quits, Blames President Over Covid Protests
Khurelsukh UkhnaaPhotographer: Mikhail Klimentyev/AP Photo
In a speech Thursday, the premier accused President Battulga Khaltmaa, from the rival Democratic Party, of orchestrating the protests. Battulga, who’s term expires later this year, expressed shock at Khurelsukh’s remarks in a separate speech.
“I wonder and wonder why the prime minister of Mongolia did such an act that undermined the trust of the Mongolian people, undermined national unity and openly slandered the president of Mongolia,” Battulga said, according to a transcript on the presidential website.
The protests erupted after a video appearing to show a mother being hastily discharged from a local maternity hospital in a bathrobe because she had tested positive for the coronavirus was widely circulated online. Demonstrators flocked to parliament to protest her treatment Wednesday, some wearing only bathrobes and slippers to show solidarity with the woman.
While the protests were not unusually large, they lasted well into the winter night, where temperatures can fall as low as -40 degrees Celsius (-40 Fahrenheit). Protesters said they were upset more broadly with extended lockdowns and restrictions on movement, as well as a ban on cross-border travel.
The vast country of 3.3 million people -- landlocked between Russia and China -- has so far avoided the mass coronavirus outbreaks that have troubled others. Mongolia has reported fewer than 1,600 infections since March, with 526 active cases as of Thursday.
By Terrence Edwards
January 21, 2021, 7:12 PM GMT+8 Updated on January 21, 2021, 8:45 PM GMT+8
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