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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China may ban imports of Australian wheat as trade tensions escalate – sources www.rt.com

Beijing is expected to bar Australian wheat imports, putting a AU$560 million (US$394 million) trade at risk, industry sources told the South China Morning Post. The grain could be the latest Australian product banned in China.
From Friday, Australian barley, sugar, red wine, timber, coal, lobster, copper ore and copper concentrates are expected to be barred from China even if the goods have been paid for and have arrived at ports. The ban on wheat is likely to follow, although a date has not yet been set, sources said.
“Chinese importers have been told to obey these rules strictly and suspend all orders for commercial reasons. Shipments arriving at the port before Friday will be released – but those arriving after will be impounded. It won't matter if they have already been sent to bonded areas,” a trader, who declined to be named, was quoted as saying by the Business Times.
The ban will undermine Australian exports to China that are worth more than $843 million annually. Wheat accounts for nearly half of the country's total grain exports to China.
Tensions between Australia and its largest trading partner have been flaring for around three years, after Canberra alleged that there was a growing Chinese influence on its domestic affairs – a claim repeatedly denied by Beijing.
In 2018, the Australian government added fuel to the fire as it banned China’s Huawei and ZTE from the country’s 5G rollout. The most recent escalation happened when Australia pushed for an international inquiry into the origins of the coronavirus outbreak in April.
Chinese authorities announced last week that they would suspend further imports of products from Emerald Grain and timber from Queensland. They said the decision was made after inspectors found unacceptable levels of contaminants and discovered pests in some cargoes. The decision was preceded by similar trade restrictions on beef, and anti-dumping duties on Australian barley and cheap Australian wine.
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BoM purchases 2.1 tons of precious metal in October www.montsame.mn

Ulaanbaatar /MONTSAME/. In October 2020, the Bank of Mongolia purchased 2.1 tons of precious metal, raising the BoM’s total precious metal purchase of 2020 to 19.2 tons, of which 17.5 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by 6.3 tons compared with the same period of previous year.
In October, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 102.1 kg and 114.6 kg of precious metals respectively. The average price of BoM’s purchase of 1 gram of gold was MNT 174,145.46 in October.
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'Export Mongolia 2020' int'l virtual forum, exhibition to promote national brands www.montsame.mn

Ulaanbaatar /MONTSAME/ 'Export Mongolia 2020', international virtual forum and exhibition is to be co-organized by the Ministries of Food, Agriculture and Light Industry and Foreign Affairs, Small and Medium-Sized Enterprises Fund and National Development Agency on November 19-20 at Blue Sky Hotel in Ulaanbaatar.
The virtual forum and exhibition will aim to promote Mongolian brand products abroad, open up investment opportunities, diversify export, increase foreign trade and create cluster network.
Business forum, meeting, virtual exhibition, training and seminar will be organized on these days, while promoting products and disseminating information through foreign embassies in Mongolia and Mongolia’s Diplomatic Missions abroad as well as through international projects and programs and donor organizations including EDP, USAID, GIZ, EU-TRAM project, AmCham, French-Mongolian Commerce and Industry, Mongolian-European Chamber of Commerce and Industry, JICA, JETRO and KOICA.
The online meeting will allow businesses to present their projects and programs to investors from over 40 countries with support of the World Bank and to find trade and investment partners. With organization of the exhibition, Mongolian national brand products will be introduced to customers of over 10 countries and promoted at virtual exhibition for 14 days.
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Savings of Mongolians up 22 pct: central bank www.xinhuanet.com

The total savings of Mongolians rose 22 percent year on year to 16.8 trillion Mongolian tugriks (about 5.8 billion U.S. dollars) at the end of the third quarter, said the Bank of Mongolia, the country's central bank on Monday.
The bank made the statement after it concluded a month-long national campaign, which aimed to increase people's awareness on the importance of savings and financial literacy. The campaign is also part of the activities held in Mongolia to mark World Savings Day, which falls on Oct. 31 every year across the world.
Mongolia has been celebrating World Savings Day across the country since 2017. Enditem
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China to expand ban on Australian imports to copper www.mining.com

China has ordered traders to stop purchasing at least seven categories of Australian commodities, including coal, barley, copper ore and concentrate, sugar, timber, wine and lobster, Bloomberg reported.
Beijing and Canberra have been locked in a geopolitical dispute since April after Australia pushed for an international inquiry into the origins of the covid-19 pandemic.
Reports by the South China Morning Post suggest that copper and sugar exports from Australia into China will be halted, after the country banned the import of timber from Queensland and barley shipments from an Australian grain exporter.
Australian rock lobster shipments were also delayed in Shanghai on the weekend.
China is Australia’s most important and biggest trading partner. The two-way trade between the countries is worth around A$240 billion ($171 billion), while China buys around 39% of Australia’s merchandise exports.
“China seems determined to punish Australia and make it an example to other countries,” Richard McGregor, a senior fellow at Sydney-based think tank the Lowy Institute told Bloomberg.
“They want to show there’s a cost for political disagreements.”
Australia is China’s top supplier of iron ore and coking coal, the two main ingredients used to make steel, while also being a major provider of LNG and thermal coal, used predominantly in power stations.
BHP confirmed it received deferment requests from Chinese coal customers.
Iron ore, Australia’s biggest export to China, won’t be included in the halt, say people familiar with the situation. Australia exported about 78 million tonnes in October, according to Refinitiv. China buys over 80% of Australia’s production.
Australian copper miner Sandfire on Tuesday called the reports “media speculation” and said its DeGrussa and Monty mines, two of the Asia-Pacific region’s premier, high-grade copper mines, have continued to operate at full production rates into the December 2020 Quarter and production guidance for FY2021 is maintained.
(With files from Bloomberg)
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Sharing COVID-19 experiences: The Mongolian response www.who.int

COVID-19 has proved to be a real-life test of Mongolia's emergency preparedness system. On 10 March 2020, the country was shaken by the news of its first confirmed case of COVID-19. Yet long before the first case was announced, the Government and the public had readied itself for such a scenario.
Starting on 6 January 2020, a multi-sectoral incident management team with more than 70 officials from 21 agencies covering health, transportation, border control, law enforcement, state administration, emergency management, communications, information and more worked in unison to contain the potential spread of the disease. The foundations of the shared strategy were solidarity, early preventive measures, multi-sectoral partnership and a culture of continuous improvement, supported by WHO.
Ten months later, Mongolia has recorded no deaths from the virus, 346 imported cases and no local transmission.
WHO’s Representative for Mongolia, Dr Sergey Diorditsa, said “In the face of the COVID-19 pandemic, Mongolia has undertaken prompt response measures to protect the health of its people, health workers and frontline responders, and reduce the risk of potential outbreak in the local community. Many factors including solidarity across all sectors and all levels, multi-sectoral collaboration, risk communication and community engagement have been key to Mongolia’s success.”
Mongolia’s approach has been based on lessons from outbreaks of SARS in 2003, H1N1 in 2009 and seasonal influenza, using WHO’s Asia Pacific Strategy for Emerging Diseases and Public Health Emergencies (APSED) to prepare for the next pandemic. It focused on extensive testing and contact tracing, a well-prepared health system and a high level of community awareness of measures to protect and promote health.
Determined to make every effort to keep COVID-19 out, in early May 2020, Mongolia organized a large-scale national simulation exercise to test its response preparedness. The simulation exercise identified major gaps in the system and reinforced the need for continuous improvement.
Mongolia is using these insights to also strengthen its national health capacity, with the help of partners, to prepare not only for COVID-19, but also for future outbreaks and health emergencies. Three areas of focus are strengthening its capacity to monitor, prevent and control the spread and effects of COVID-19; strengthening laboratory capacity at national and sub-national levels; and ensuring continuity and quality of essential health care services.
Aware that the global pandemic is not yet over, Mongolia is doing its best to prepare for a better future with everyone acting in solidarity.
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Three more patients test positive for COVID-19 in Mongolia www.menafn.com

According to a statement issued on Monday by the Mongolian National Center for Communicable Disease (NCCD), the overall tally of patients who have tested positive for the novel coronavirus across the state has risen to 349, after three more cases were reported during the last 24-hour period.
At a regular news briefing, the NCCD's head Dulmaa Nyamkhuu revealed "The latest confirmed cases are Mongolian transport drivers who have recently come back from Russia via the Altanbulag border point."
The East Asian nation has not seen a single COVID-related death or local transmission so far.
The center's statement further included that a number of 313 patients have so far won the battle against the brutal coronavirus infection and been accordingly discharged from hospitals, adding that all the confirmed cases in the East Asian nation are imported from the overseas, mostly from Russia.
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Burger King wants you to order from McDonald's www.cnn.com

London (CNN Business)Fast food chain Burger King has taken a rather unusual step: calling on customers to order from archrival McDonald's, as well as a number of other competing restaurants.
The company's UK arm tweeted a statement Monday asking consumers to support their local fast food outlets during the coronavirus pandemic, whether they are Burger King or not.
"We never thought we'd be asking you to do this, but restaurants employing thousands of staff really need your support at the moment," read the tweet, which names KFC, Subway and Domino's Pizza, as well as other chains.
"So, if you want to help, keep treating yourself to tasty meals through home delivery, takeaway or drive thru."
Pizza Hut, Five Guys, Greggs, Taco Bell, Papa John and Leon also get a mention, as do independent food outlets.
"Getting a Whopper is always best, but ordering a Big Mac is also not such a bad thing," reads the message.
The UK hospitality industry has been hit hard by the pandemic, and new restrictions set to come into force in England on Thursday are likely to make things worse, with all restaurants closed except for takeout or delivery.
While Burger King UK is appealing to a sense of solidarity with the wider food industry, the company's North America operation has taken a more confrontational approach to promotion.
The burger chain offered a free Whopper to customers who drive by one of the "the scariest places on earth" — five shuttered restaurants once operated by rivals McDonald's (MCD), Wendy's, Sonic or Jack in the Box.
As part of a Halloween-themed promotion, customers within 300 feet of one of the listed abandoned locations could confirm their location on the Burger King app to receive a coupon for a free Whopper.
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China to build world’s longest underwater high-speed rail tunnel www.rt.com

A project to construct China’s first undersea high-speed rail tunnel in eastern Zhejiang Province was approved on Monday, according to The Paper digital newspaper. Investments in the project will amount to over $4 billion.
Construction of the Jintang undersea tunnel is expected to start this year, while the overall project will take six to seven years to complete.
With a maximum depth of 78 meters and a diameter of 14 meters, the 16.2km-long tunnel will be the world’s longest undersea tunnel for high-speed rail upon completion. It will link the Jintang island of Zhoushan and the coastal area of Ningbo.
The Zhoushan group of islands in Zhejiang province, is very popular with tourists due to the developed hotel infrastructure and clean beaches. Currently, you can get to them by car over a bridge or by air.
When the undersea tunnel is completed, trains traveling at 250 km/h will be able to go from Ningbo to Zhoushan in just 30 minutes. Driving between the two places, connected by a number of bridges, currently takes about three times longer.
According to the officials, the geological exploration AI (artificial intelligence) management system which will be used during construction has functions of full monitoring of the drilling process. It could realize “zero contact” remote supervision and effectively avoid the risk of an epidemic outbreak at the construction site.
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Mongolia to hold online int'l forum, exhibition to boost exports amid pandemic www.xinhuanet.com

Mongolia will hold an international forum and exhibition online this month to boost exports amid the COVID-19 pandemic, the country's Ministry of Food and Agriculture said Monday.
The online event, dubbed "Export Mongolia-2020," is expected to be co-organized by the Ministry of Food and Agriculture, Foreign Ministry, Small and Medium Enterprises Development Fund, and the National Development Agency on Nov. 19-20.
The event aims to introduce Mongolian brand products to the world, open up investment opportunities, join export networks, diversify exports, increase foreign trade, and create a cluster for exports, according to the organizers.
Within the framework of the event, business forums, meetings, virtual exhibitions, trainings and seminars will be held, and all relevant information will be disseminated through foreign diplomatic missions in Mongolia and Mongolian diplomatic missions abroad.
The value of Mongolia's total exports decreased to 5.1 billion U.S. dollars in the first three quarters of this year, down 13.4 percent compared with the same period last year due to the prolonged containment measures on the COVID-19 pandemic, according to the country's National Statistics Office. Enditem
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