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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Government announces more measures to stimulate economy www.montsame.mn

Ulaanbaatar /MONTSAME/. At its regular meeting on May 6, the Cabinet approved more measures to stimulate the economy and provide support to public livelihoods amid the COVID-19 pandemic.

1. The ‘Child Money’ monthly allowance, given for a total of 1.14 million children in Mongolia, will be raised to MNT 100,000 until October 1, 2020. As the previously-increased MNT 30,000 from initial MNT 10,000 within the framework of the government’s first package of measures, was already granted to children in April 2020, the leftover amount MNT 70,000 will be compensated in the coming days.

2. The monthly food stamps, granted to people in high necessity for food provision, will be doubled for five months from May 1 to October 1, 2020. This measure will involve 240.2 thousand citizens of low-income households. The food stamps worth MNT 16,000 was given to adults and MNT 8,000 to children.

3. Around 32.6 thousand people, including 3.6 thousand senior citizens who are not entitled to pension benefits, 42.5 thousand citizens with disabilities, 16.5 thousand orphaned or half-orphaned children and single parents will receive additional MNT 100,000 in the next five months until October 1, totaling their monthly allowance to MNT 280,000.

4. In compliance with directive given by the parliament to support the herders’ revenue and domestic production of cashmere industry, a subsidy of MNT 20,000 will be given for each kilogram of cashmere supply.

As announced by Prime Minister U.Khurelsukh, the total cost of the four measures is around MNT 793 billion, and MNT 593 billion of which will finance the cost for the additional social welfare allowances and MNT 200 billion is for cashmere subsidy payment.

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CGD: Coal export dropped to USD 344 million yoy www.zgm.mn

In the first five months of 2020, coal exports reached 4.1 million tons, down 2.7 times from the same period last year, according to the Customs General Administration (CGA). It fell by 2.8 times to USD 344 million. Despite the recovery in coal exports, daily output remained below the performance a year earlier. Seddorj Renchinbyamba, CEO of Tavan Tolgoi JSC, said that the main port Gashuunsukhait will be able to produce coal with at least 500 trucks a day. He also highlighted that if the port opens for 24 hours a day, exports could increase since coal truck drivers are required to cross the border and return on the same day. SouthGobi Resources Ltd., one of the companies that operate in the Nariin Sukhait deposit, exported 90,000 tons of coal in one month after the port resumed operations. Moreover, the trade deficit amounted to USD 181.3 million in the first four months of the year. During the period, total imports decreased by 10.7 percent to USD 1.6 billion year over year, and exports decreased by 40.4 percent to USD 1.5 billion. Mineral exports accounted for 78.6 percent of total export alone. Imports of sugar and rice increased by 32.3 percent and 10.4 percent, respectively. During the reporting period, Mongolia imported 16.8 million masks, 40,600 new types of coronavirus diagnostics, and 5.8 million medical equipment.

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OT releases Q1 2020 performance results www.zgm.mn

Oyu Tolgoi (OT) LLC, Mongolia’s largest copper and gold mining company, announces the first quarter 2020 performance results, highlighting key performance metrics, and provided an update on underground development, and prevention measures on COVID-19. OT paid USD 73 million in the form of taxes, fees, and other payments as of April. Since 2010, the company has paid USD 2.7 billion in taxes, fees, and other payments, including VAT, paid to Mongolian suppliers. Between 2010 and the first quarter of 2020, Oyu Tolgoi spent USD 3.3 billion on national procurement, the company said in a report. The company and employees donated MNT 455 million to support the outbreak prevention efforts of COVID-19, including MNT 100 million to the Government of Mongolia (GoM) through the Mongolian National Mining Association, MNT 200 million to the Umnugovi Emergency Committee, and MNT 10 million to the Khanbogd Emergency Committee through the Gobi Oyu Development Support Fund. OT chief executive officer, Armando Torres, said, “We would like to express our gratitude to the Government of Mongolia, the State Emergency Committee at all levels, the Ministry of Health, the Ministry of Mining and Heavy Industry, and all other relevant agencies and frontline personnel working hard to keep us safe during this unprecedented time”.

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EU to add Panama, Bahamas, Mauritius to money-laundering blacklist www.reuters.com

BRUSSELS, May 5 (Reuters) - The European Commission is set to include Panama, the Bahamas, Mauritius and nine other countries to its list of states that pose a financial risks to the bloc because of anti-money laundering and terrorism financing shortfalls, a draft document shows.

The document, seen by Reuters and expected to be published on Thursday, also includes Barbados, Botswana, Cambodia, Ghana, Jamaica, Mongolia, Myanmar, Nicaragua and Zimbabwe to the EU listing.

Countries on the list “pose significant threats to the financial system of the Union,” the draft document, which is still subject to changes, says.

Under EU law, banks and other financial and tax firms are obliged to scrutinise more closely their clients who have dealings with countries on the list. (Reporting by Francesco Guarascio; Editing by Alex Richardson)

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Mongolia imports 16.9 million face masks in 2020 www.montsame.mn

Ulaanbaatar /MONTSAME/. As of first 4 months of 2020, Mongolia imported 16.9 million face masks worth USD 5 million, of which 4.8 million was imported in April.

According to the statistics released by the Customs General Administration, Mongolia imported 976,301 face masks in the previous year.

In the reference period, 40,606 test kits, 13,437 personal protective gears and 5.8 million medical equipment was imported.

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Trump says he did not wear mask at Honeywell facility after consulting CEO www.reuters.com

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he did not wear a mask during a tour on Tuesday of a Honeywell International Inc (HON.N) factory in Arizona after consulting the company’s chief executive, despite requirements at the plant that workers wear them.

Trump, speaking to reporters at a White House event marking National Nurses Day, said he tried some masks on backstage, including one from Honeywell, 3M and about four others.

The president has not been wearing a mask in public despite health advice from his administration encouraging people to do so to prevent the spread of the coronavirus. Trump said before embarking on his trip to Arizona to visit a plant that made masks that he would likely wear one when he was there.

He did not wear one for the majority of his visit, but he told reporters he had one on at least briefly.

“I had a mask on for a period of time,” Trump said. “I can’t help it if you didn’t see me. I mean, I had a mask on, but I didn’t need it. And I asked specifically the head of Honeywell: ‘Should I wear a mask?’ And he said, “Well, you don’t need one,’” Trump said.

Trump took a tour of the facility, held a meeting about how the virus was affecting native Americans, and gave remarks, all without a mask.

Asked how long he had one on, Trump said, “Not too long, but I had it on. I had it on ... backstage. But they said you didn’t need it.”

Trump wore safety goggles during the factory tour. Production workers wore masks and a sign was visible that read: “Attention: Face Mask Required in this Area. Thank You!”

Some of the officials who joined Trump for the tour also did not wear masks.

Honeywell said on Wednesday, “Following White House recommended protocol, a small number of individuals directly interfacing with the president ... were tested for COVID-19 immediately prior to the event, received negative test results, and were permitted to not wear masks ... All others present were wearing masks ... in accordance with Honeywell’s site policy.”

Vice President Mike Pence was criticized in recent days for not wearing a face mask when visiting patients at the Mayo Clinic last week, something he apologized for during a television interview on Sunday.

Reporting by Jeff Mason and Susan Heavey; Additional reporting by Sanjana Sitara Shivdas and Aishwarya Venugopal in Bangalore; Editing by Steve Orlofsky and Lisa Shumaker

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Lithium price: One in three cars sold in UK now electric www.mining.com

2020 was going to be the breakout year for electric vehicles in Europe as Volkswagen’s affordable ICE killer, the ID3, and other entry-level models propel the continent into becoming an EV mass market.

Instead, early data for April show markets across western Europe coming to a standstill as new car sales in Europe, Italy and France fell by 90%. Stunningly, the UK saw the lowest number of new cars sold since 1946.

Battery metals producers can take some cold comfort from the fact that 32% of cars sold in the UK last month were electric, boosted by online sales of the Tesla Model 3.

Across Europe, EV penetration rates are also climbing rapidly, showing the consumer shift away from diesel and gasoline has some real momentum. Despite showroom shutdowns beginning early March, first quarter EV sales reached a record high of 217,000 units, or 6.5% penetration.

Lithium oversupply
But that would not be enough to rescue 2020 for lithium producers, says Benchmark Mineral Intelligence, a battery supply chain researcher and price discovery company, in a new report.

The London-HQed company, which also tracks battery megafactory (>1Gwh capacity) construction around the globe, believes the pandemic will shave a little over 9% from its previous demand estimates.

Benchmark forecasts lithium demand to reach just under 316,000 tonnes in 2020 on the back of a slowdown in battery manufacture and traditional end markets including glass, ceramics, and lubricants.

As a result, Benchmark expects the market surplus to persist through to 2023. In its April price assessment, Benchmark recorded another 5.3% decline in its sales-weighted lithium index, bringing the year-on-year decline to more than 40%.

South American export prices for lithium carbonate fell hardest to the mid-$6,000s – half of what brine producers fetched a year ago.

China’s V-shape
China, the world’s number one market for EVs, is only now emerging from the pandemic slump, but early signs promise a quick and robust recovery for the industry.

China’s Passenger Car Association reported preliminary passenger car sales in the second half of April up by double digits compared to last year, signalling a V– rather than a U-shaped recovery.

Chinese EV sales are also benefiting from changes to purchase incentives announced last month and changing habits. Post-lockdown – subway journeys in major centres are down by half while commuting by car is up significantly compared to last year.

Subsidies were extended to the end of 2022 and the new phase-out approach may persuade buyers to bring purchases forward.

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Drill to place 150 thousand residents of Chingeltei district in lockdown www.montsame.mn

The operative team of the State Emergency Commission and the authorities of Chingeltei district of the capital city held a press briefing on the quarantine drill to be held in Chingeltei district on May 7.

150 thousand residents of Chingeltei district will be put into
quarantine as a drill. As police will be set out at the outer edges of the
district territory, and in some cases equipped with military equipment at major
streets and intersections, the officials requested citizens to not be alarmed
by the situation.

Head of the operative team, Colonel B.Uuganbayar noted the importance of citizens’ preparedness for possible risks.

He said, “As the risk of coronavirus spread continues to be high
during this time, a large-scale drill and exercise will be organized to provide
correlation between professional organizations on May 6-8. The exercise
consists of two main parts, with the first being training and exercise
revolving around how countermeasures should be organized by professional
institutions. The Deputy Prime Minister of Mongolia will also be getting in
contact with the professionals involved in the training online.

As for the second part of the exercise, Chingeltei district will
be placed on lockdown on May 7 between 8 am and 6 pm. The drill is being
conducted because public preparedness for possible risks is a current pressing
issue. During this period of time, citizens in Chingeltei district will stay in
their homes, and those from other districts will not be allowed entry. With
realistic implementation of international practices in difficult conditions,
such as bringing food to citizens, we would be able to see possible obstacles
and difficulties in real situations.”

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6,595 borrowers request to defer consumer loan payment www.montsame.mn

Ulaanbaatar /MONTSAME/. A decision has been made to extend the repayment of mortgage loans by six months and extend the term of consumer loans in order to reduce the burden on individuals amid COVID-19 pandemic and the loan extension deadline has expired on April 30.

Director of the Reserve Management and Financial Markets Department of the Bank of Mongolia /BoM/ A.Enkhjin said that the number of people who have applied for mortgage loan extension has not been finalized yet and the BoM and Ministry of Finance are working to disburse the amount equal to 2 percentage point of the 8 percent loan interest to the people who have not requested to defer their loan repayment.

B.Bayardavaa, Director of the Monetary Policy Department of the BoM, said that as of April 24, a total of 6,595 borrowers had applied for the extension of consumer loans.

The extended loan amount by borrowers totaled about MNT 76 billion and as result, it is estimated that average 55 percent of household income per month paid for loans reduced to 52 percent.

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Mongolia’s Challenges in Returning Nationals Stranded Abroad During COVID-19 www.asiapacific.ca

Mongolia, a landlocked country of a little over three million people, took early and intensive preventative measures against the COVID-19 outbreak. The country’s approach to repatriation has been a key component of it response to keep the number of cases low. As of May 4, it had only 40 recorded cases (all imported cases), or one for about every 80,000 residents. After closing its borders and cancelling all international flights and trains to limit the mobility of travellers, Mongolia began the staggered repatriation of its citizens in February, followed by the enforcement of a strict quarantine schedule.

This has arguably helped keep community transmission low in the country but public policy decisions facing Mongolia’s government are anything but easy. This dispatch explores the country’s repatriation policies and processes, and the associated public health and political fallout.

Early and decisive action
Mongolia cancelled all flights to and from China on February 1, and as the outbreak spread beyond China, suspended all outbound and inbound flights to South Korea and Japan at the end of the month, while only accepting non-Asian flights under strict medical supervision. When Mongolia reported its first COVID-19 case on March 10, the government stopped all inbound and outbound flights until the end of May.

The suspension of air travel has meant that Mongolian nationals abroad attempting to return home have had limited options. As of April 28, 9,890 Mongolians in 35 countries have requested repatriation, including members of the beloved Mongolian band, The HU. Of the stranded nationals, 800 are students, 4,000 are facing financial hardship due the outbreak, and the rest include elderly, children, and pregnant women. The Mongolian government has carried out eight charter flights to date, bringing back 1,803 citizens from five locations, and repatriated an additional 282 citizens from Russia and 58 citizens from China by bus in mid-April.

The first chartered repatriation flight was on February 1. It brought back a total of 31 people, including one baby, from Wuhan, the epicentre of the novel coronavirus. After the successful evacuation, the passengers and the flight crew were isolated at the National Centre for Communicable Diseases (NCDD) for 14 days. According to authorities, all expenses for the flight – C$74,000 – were covered by the government. It was not until March, however, that Mongolian Prime Minister Khurelsukh Ukhnaa announced a broader repatriation initiative.

Throughout March, 983 nationals were evacuated on four government chartered flights, with evacuees required to pay around C$330 towards the airfare depending on the point of departure. Upon return, all passengers, cabin crew, and medical professionals working aboard and supervising the passengers’ health are taken directly to government designated isolation facilities for the mandated 14-day quarantine. Currently, there are 23 such facilities, including public and private hospitals, hotels, and resorts around the capital of Ulaanbaatar. During the mandatory quarantine, adults are required to pay C$25 per day for themselves and C$15 per day for any minors (age 6-18), while children five and under are exempt from payment. The government has covered any miscellaneous expenses beyond airfare and accommodation.

Problems and solutions
The NCCD detected 14 cases of COVID-19 among the repatriated by the end of March. Even though this represented only about one per cent of the total number of evacuees at the time, the State Emergency Commission (SEC) decided on March 27 to extend the mandatory quarantine period from 14 to 21 days and to test all returning nationals before boarding chartered evacuation flights. The government allocated an additional C$250,000 to pay for the extended one-week quarantine period so as to not burden the evacuees with unexpected costs.

Despite this government support, not everything is rosy for Mongolia’s repatriated citizens. While in quarantine, individuals do not have access to their luggage which the government holds for 14 days in the national custom warehouse after it’s disinfected. There have been complaints about the quality of food, about the small size of rooms (two-to-three people per room) in the designated facilities, and about the restricted access to families and loved ones. Some evacuees have instigated physical altercations or consumed alcohol against regulations. Considering these circumstances, the SEC decided at the end of March to isolate evacuees on a one-person-one-room basis, while children are still isolated with their families.

In April, the government repatriated nearly 1,070 people from Seoul and Tokyo on four flights and 332 people from China and Russia on buses; in early May, 527 people returned home from Seoul and Frankfurt. Despite Mongolian health authorities requesting passengers be tested for COVID-19 prior to boarding evacuation flights, only those flying from South Korea were tested prior to departure. Those on evacuation flights from Japan were not tested on account of Japan’s current policy to only carry out testing for individuals with fevers. As of May 4, there are 1,041 people under observation. After being discharged from quarantine, the repatriated nationals must self-isolate for two additional weeks. In addition to carrying people, the aircraft returning from South Korea also transported 3.8 tonnes of cargo including medicine, hospital equipment, and diagnostic devices for COVID-19.

Political tensions, human rights
As more COVID-19 cases were discovered among those repatriated via charter flights in March, the chair of the opposition Democratic Party of Mongolia, Erdene Sodnomzundui, criticized the government’s repatriation efforts. He said the evacuations threaten Mongolians’ health and safety by importing the virus with evacuees and that the government should be preparing for the coming economic crisis rather than spending “recklessly” on evacuations. Furthermore, he accused the government of organizing the flights to bring back the family members of high-level officials stranded abroad.

Following criticism from Erdene, Prime Minister Khurelsukh, Chair of the Mongolian People’s Party, stated that the government would not leave anyone stranded abroad and that repatriation is a human right for all Mongolians. However, as of May 4, the country has evacuated only 30 per cent of the total repatriation requests. With regard to its containment measures for COVID-19, the Mongolian government has emphasized that it has been providing an environment free from community cases internally and that it plans to keep the domestic economy running by lifting some restrictions on public facilities such as resorts and gyms. However, there are still thousands of desperate Mongolians stuck overseas, with some even organizing a protest on April 27 outside of the Mongolian embassy in South Korea and requesting the Mongolian government send more flights.

Challenges and successes
Mongolia’s approach to repatriation is a component of its conventional efforts to contain the spread of the virus. While the government has stated that repatriation is a Mongolian human right, it is doing so in a way that does not overwhelm the country’s ability to quarantine returnees and care for and track those who show symptoms of the virus. The country’s success at keeping COVID-19 in check can also be partially attributed to banning incoming international flights and slowly but steadily repatriating its citizens.

To date, Mongolia has repatriated 30 per cent of the people looking to return (compared to Canada, which has brought back 80 per cent of people wishing to return home).This approach to repatriation, however, has caused some disquiet for those returnees stuck in quarantine and for those individuals and families looking to return home without any financial support in this unprecedented situation.

Sainbuyan Munkhbat
Sainbuyan Munkhbat is a Junior Research Scholar at the Asia Pacific Foundation of Canada's Business Asia team. She is a recent graduate of the Political Science program at the University of Waterloo.

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