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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Oil ends lower after U.S. crude stockpiles jump, gasoline demand sinks www.reuters.com

NEW YORK (Reuters) - Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline demand suffered its biggest weekly drop ever due to the coronavirus pandemic.

Crude inventories USOILC=ECI rose by 13.8 million barrels last week, the U.S. Energy Information Administration said. That was the biggest one-week rise since 2016, and analysts expect similar data in coming weeks, as refineries curb output further and gasoline demand continues to decline.

West Texas Intermediate (WTI) crude CLc1 fell 17 cents to settle at $20.31 a barrel, after hitting a low at $19.90.

Oil market shock to spill over into global supply chains: IEA
June Brent crude LCOc1 fell $1.61 , or 6.1%, to $24.74 a barrel. The global benchmark fell to $21.65 on Monday, its lowest since 2002, when the now-expired May contract was the front month.

The market has slumped on the sharp fall in demand because of the coronavirus pandemic and rising output from Saudi Arabia and Russia after a supply pact collapsed last month. Brent crude fell 66% in the first three months of 2020, its biggest ever quarterly loss. Saudi Arabia’s production rose to more than 12 million bpd in the most recent months, according to sources.

“The likelihood of distressed cargoes, increased freight rates, force majeures, strains on storage capacity, VLCC availability will be combining in placing additional downside pressures on petroleum prices,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a report.

Russian President Vladimir Putin called on Wednesday for global oil producers and consumers to address “challenging” oil markets while U.S. President Donald Trump complained that oil cheaper “than water” was hurting the industry.

Trump invited several energy industry executives, including the chief executives of Exxon Mobil and Chevron Corp, to a meeting on Friday to discuss aid for the industry, including possible tariffs on oil imports from Saudi Arabia, an administration source confirmed.

News of those efforts has intermittently bolstered futures prices, but physical grades of crude are deteriorating, as refiners and shippers confront the coming wave of supply and freeze-up in demand. Gasoline demand fell by the most ever in one week, with products supplied, a proxy for demand, dropping by 2.2 million barrels per day to 6.7 million bpd. That augurs for more refining cutbacks down the road.

“Demand is a disaster,” said Bob Yawger, director of energy futures at Mizuho in New York. “That’s the whole problem here. It’s horrible.”

The bearish mood has been fueled by a rift within the Organization of the Petroleum Exporting Countries (OPEC). Saudi Arabia and other OPEC members have been unable to agree to a technical meeting in April to discuss sliding prices.

An OPEC-led supply deal fell apart on March 6 when Russia refused to cut output further. Saudi Arabia has already begun to boost output, a Reuters OPEC survey showed on Tuesday, and is expected to pump more in April. [OPEC/O]

“It is very unlikely that OPEC, with or without Russia or the United States, will agree a sufficient volumetric solution to offset oil demand losses,” BNP Paribas analyst Harry Tchilinguirian said in a report on Tuesday.

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Two more imported Covid-19 cases detected in Mongolia www.montsame.mn

At today’s briefing of the Ministry of Health, General Director of the National Center for Communicable Diseases D.Nyamkhuu reported that two more imported cases of Covid-19 have been detected in the country. On March 28, the Republic of Korea sent a charter flight to repatriate its citizens in Mongolia and three family members of the staff of the Turkish Embassy in Mongolia arrived by the flight to Ulaanbaatar.

“On March 28, three family members of the staff of the Turkish Embassy arrived by a flight of South Korea, but the two of them have been confirmed with Covid-19. Just after landing, they were immediately isolated and tested three days later. 10 persons who had close contact with them as well as persons who served them have been also placed in isolation for medical supervision and tests,” said Mr.Nyamkhuu

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Should you wear a mask? US health officials re-examine guidance amid coronavirus crisis www.cnn.com (from MBD: PLEASE USE YOUR MASK DOES NOT MATTER WHAT WHO AND DONALD TRUMP SAY!!

(CNN)It's the debate heard 'round the world: Should you or shouldn't you wear a face mask during the coronavirus pandemic?

That's something White House and US Centers for Disease Control and Prevention officials are discussing, according to Dr. Anthony Fauci, the nation's top infectious disease expert.
WHO stands by recommendation to not wear masks if you are not sick or not caring for someone who is sick
WHO stands by recommendation to not wear masks if you are not sick or not caring for someone who is sick
While the World Health Organization on Monday stood by its recommendation only to wear a mask if you are sick or caring for someone who is sick, a growing number of officials and health experts argue that people should wear masks to help prevent spread of the virus.
"We are not going to be wearing masks forever, but it could be for a short period of time after we get back into gear. I could see something like that happening for a period of time," President Trump said during Monday's White House briefing.
The idea of recommending broad use of masks in the United States is under "very active discussion" at the White House, said Fauci, director of the National Institute of Allergy and Infectious Diseases, adding that the White House Task Force will be discussing it Tuesday.
Speaking to CNN's Jim Sciutto, Fauci said on CNN Newsroom that "the idea of getting a much more broad communitywide use of masks outside of the health care setting is under very active discussion at the Task Force. The CDC group is looking at that very carefully."
White House task force actively discussing whether public should be wearing masks, Fauci says
White House task force actively discussing whether public should be wearing masks, Fauci says
"The thing that has inhibited that a bit is to make sure we don't take away the supply of masks from the health care workers who need them," Fauci added. "But when we get in a situation where we have enough masks, I believe there will be some very serious consideration about more broadening this recommendation of using masks. We're not there yet, but I think we're close to coming to some determination.
"Because if, in fact, a person who may or may not be infected wants to prevent infecting somebody else, the best way to do that is with a mask. Perhaps that's the way to go."
Fauci warned, "You don't want to take masks away from the health care providers who are in a real and present danger of getting infected. That would be the worst thing we do. If we have them covered, then you could look back and say maybe we need to broaden this."
Meanwhile, many health experts already have turned to social media to make the argument for the public to wear masks, signaling a shift in some medical opinions around the topic.
Different types of masks under debate
In this debate, there are different types of masks in question: N95 respirator masks, surgical masks and cloth masks, which could be homemade.
Trump says he could see recommending all Americans wear masks
Trump says he could see recommending all Americans wear masks
"The N95 masks that we wear in health care should not be worn by the general public," Dr. James Phillips, CNN medical analyst and assistant professor of emergency medicine at George Washington University, said during an appearance on New Day on Tuesday morning.
"There's not any great proof that that's going to make a big difference. Those are used to prevent getting the disease from health care workers that are in close proximity to patients with it," Phillips said.
He added that surgical masks or cloth masks are different.
"Those are designed to keep the droplets that may be infected from coming out of your own mouth and nose on to other people, thus, spreading the disease. It makes logical sense that if everyone, including those who may be spreading the virus, was wearing that mask as sort of a shield over their face to prevent droplets from getting out into the air, that it would limit the transmission of the virus," Philips said on New Day.
"Now, cloth masks are not recommended to try to prevent you from getting disease, that's been shown to not work -- that's why we don't wear cloth masks in the hospital," he said. "I think the CDC and the federal government will end up coming out with a recommendation for people to wear masks, specifically to prevent droplet spread. I think that's coming."
Celebs pictured in face masks amid coronavirus fears

Celebs pictured in face masks amid coronavirus fears 01:19
Dr. Scott Gottlieb, former commissioner of the US Food and Drug Administration, wrote in a Twitter post on Sunday that a recommendation from the CDC "for consumers to wear cotton masks (with guidelines on how to fashion these products from household items) can improve safety and reduce spread and not strain the hospital supply chain."
Also on Twitter, Tom Inglesby, director of Johns Hopkins Center for Health Security, wrote in a thread on Sunday that "members of the general public should wear non-medical fabric masks when going out in public in one additional societal effort to slow the spread of the virus down."
The countries where masks are mandatory
Austria, the Czech Republic and Slovakia have all made face coverings in public mandatory. Many Czechs are even sewing their own masks as the world experiences a shortage.
Authorities in the German town of Jena on Tuesday said it planned to make wearing a mask mandatory in shops and on public transport, as well as other public places. Even a personal scarf or cloth over the face will do.
Meanwhile, in China, where the pandemic began, the Chinese CDC has recommended to "wear a mask when going out."
Masks may actually increase your coronavirus risk if worn improperly, surgeon general warns
Masks may actually increase your coronavirus risk if worn improperly, surgeon general warns
WHO and US CDC experts have long argued that people who are not sick nor caring for someone who is sick should leave masks in the medical supply chain for health care workers who need them most.
"What the World Health Organization and the CDC have reaffirmed in the last few days is that they do not recommend the general public wear masks. Here's why: On an individual level, there was a study in 2015 looking at medical students -- and medical students wearing surgical masks touch their face on average 23 times," US Surgeon General Dr. Jerome Adams said during an appearance on Fox & Friends on Tuesday. That small behavioral observation study, published in the American Journal of Infection Control, was based on 26 medical students at the University of New South Wales.
"We know a major way that you can get respiratory diseases like coronaviruses is by touching a surface and then touching your face," Adams said. "So wearing a mask improperly can actually increase your risk of getting disease."
The US CDC currently recommends that if you are not sick, "you do not need to wear a facemask unless you are caring for someone who is sick."
Doctor: 'Our masks are our only armor'

Doctor: 'Our masks are our only armor' 11:22
Some experts who have made the argument for people to wear masks have pointed to past research showing the effectiveness of masks against the spread of influenza and to early research on Covid-19.
A study published in the Journal of Hospital Infection in 2013 found that surgical masks could help reduce exposure to infectious influenza virus in the air. Preliminary data on how the virus shed from 13 Covid-19 patients at the University of Nebraska Medical Center supports "the use of airborne isolation precautions," such as masks. That early data currently is not published in a peer-reviewed journal.
A global shortage
Masks can't stop the coronavirus in the US, but hysteria has led to bulk-buying, price-gouging and serious fear for the future
Masks can't stop the coronavirus in the US, but hysteria has led to bulk-buying, price-gouging and serious fear for the future
As the debate continues around whether the public should wear masks, the world faces a serious shortage of medical supplies for doctors.
WHO officials warned during a media briefing in Geneva last week that there is a "significant shortage" of medical supplies globally, including personal protective gear or PPE.
"We need to be clear: The world is facing a significant shortage of PPE for our frontline workers -- including masks and gloves and gowns and face shields -- and protecting our health care workers must be the top priority for use of this PPE," Dr. Maria Van Kerkhove, WHO infectious disease epidemiologist, said during the briefing.
Get CNN Health's weekly newsletter
Sign up here to get The Results Are In with Dr. Sanjay Gupta every Tuesday from the CNN Health team.

All elements of the supply chain for supplies appear to be under "extreme strain," said Dr. Mike Ryan, WHO executive director of health emergencies programme.
"There are problems in the supply chain all along that chain. The simple issue is demand," he said. "There are shortages of PPE, shortages of ventilators and other products for the medical response to Covid. We also have to avoid shortages in other medical supplies, as supply chains come under strain."
CNN's Amanda Watts and Angela Dewan contributed to this report.

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Mongolia resumes coal exports to China via 4 border points www.xinhuanet.com

Mongolia has now resumed coal exports to China via four border points after the country reopened its Khangi border point on Tuesday, according to authorities.

"Today, our country started exporting coal via the border point of Khangi after suspension of some time," Chimed Khurelbaatar, finance minister of Mongolia, said in a statement.

"That means Mongolia is currently exporting coal to China through a total of four border points, namely Gashuunsukhait, Shiveekhuren, Zamiin-Uud and Khangi," Khurelbaatar said.

The Mongolian government had suspended coal exports to China in February following the outbreak of COVID-19.

Coal is Mongolia's main export commodity. Mongolia exported a total of 36.4 million tons of coal in 2019, according to the country's Customs General Administration.

The landlocked country exported 2.9 million tons of coal to China from Jan. 1 to mid-March this year, down 47 percent from the same period last year, according to the Chinese Embassy in Mongolia. Enditem

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First coronavirus patient in Mongolia discharged from hospital www.akipress.com

The first patient who was diagnosed with coronavirus in Mongolia was discharged from the hospital, News.mn reported citing the Ministry of Health.

2 people were cured of coronavirus in Mongolia, according to the Health Ministry.

Two patients with coronavirus have recovered in Ulaanbaatar and will be discharged from hospital in the coming days, Director of the National Research Center for Infectious Diseases D.Nyamhuu said.

"Once discharged from the hospital, all recovered patients will stay in self-isolation for 14 days," he added.

Mongolia confirmed 12 coronavirus cases, all imported.

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New garden next to Sukhbaatar Square to open this summer www.news.mn

The construction of a garden at the south end of Sukhbaatar Square will start from 1 April and is expected to be finished by 5 June. The new 2.5 hectare garden will be constructed according to the design concept by a team from ‘Tuvshinguud Construction’ LLC, which won first place at a contest announced by the Ulaanbaatar City B Administration in June, 2019. The construction of the new garden is to cost MNT 3.2 billion. The young spruces currently growing in front of the car park, will be moved to another site.

A year ago, the UB City Administration reclaimed the 2.5 hectares land at the edge of Sukhbaatar Square which had been used as a car park in breach of a contract from the UB Construction Company.

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Mongolian coking coal prices drop after exports resume www.news.mn

After exports of Mongolian coking coal to China resumed as the risk of COVID-19 was seen receding, prices of the material have also receded under the weight of the present bearish coal market in China, according to Chinese sources. As expected, over the week of March 23-27, prices had declined by about 3%, chiefly due to the sustained low demand among Chinese coal users.

Mongolia is also an important source of coking coal for China. According to Chinese customs data, Mongolia was the top importer of coking coal to China last year with 33.8 million tonnes, providing 45 percent of China’s total import volumes for 2019 of 74.6 million tonnes,. Mongolian coking coal exports to China increased by 22 percent from 2018 as production and infrastructure improved.

Mongolia also overtook Australia for the top exporter of coking coal to China last year. Australia exported 30.9 million tonnes of coking coal to China in 2019, up by 9.6 percent from 2018.

Mongolia has set a goal to export 42 million tonnes of coal in 2020. According to data from the Mongolian Customs Administration, the country exported a total of 245.9 thousand tonnes of coal to China from 1-17 February, 2020; this represents a dramatic fall from two million tonnes of coal in January. However, Mongolian officials are optimistically saying the country can meet goals for coal export if it provides more deliveries to China during the summer.

 
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Erdenes Tavan Tolgoi exports 22.6 thousand tons of coal since export resumption www.montsame.mn

Ulaanbaatar /MONTSAME/. ‘Erdenes Tavan Tolgoi’ (ETT) JSC has exported 22.6 thousand tons of coal through Gashuunsukhait border checkpoint since the resumption of coal export, reported at the company’s regular press briefing.

“Despite the fact that the country is in the period of heightened state of readiness in prevention of COVID-19 pandemic, the company is operating normally. Since the beginning of the year, more than 2.2 million tons of coal have been extracted, 2.1 million tons have been loaded and around 800 thousand tons have been exported. Coal price is continuing to fall in the world market and we have considered this in advance and made a risk assessment,” said M.Amarbayar, Head of the Media and Public Relations Department of ETT.

One trillion dividends to be distributed to shareholders

"ETT" JSC will start distributing dividends starting from May 1, and the company is working to cooperate with government agencies and departments including Mongolian Central Securities Depository, the Financial Regulatory Commission, the State Bank, the Information Technology Center of Custom, Taxation and Finance to handle the distribution quickly and efficiently.

The total amount of dividends to be distributed in May is set to be MNT 1 trillion. Eighty-five percent of it or MNT 199 billion 700 million will be distributed to all shareholders of ETT JSC - citizens and entities.

The company have also signed cooperation agreements with about 30 broker-dealers who want to use the ETT application and open stock accounts.

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Mongolia punishes fake news spreaders by Criminal Law www.news.mn

The global COVID-19 pandemic is happening at a time when sorting facts from fiction is becoming increasingly difficult. In Mongolia, a tsunami of misinformation and disinformation has accompanied the spread of the virus’, provoking fear and exploiting vulnerabilities. Mongolia is now imposing criminal penalties for spreading ‘false news’ about coronavirus that causes social distress and potential economic damage.

Under the Law on Offences, anyone accused of violating transport restrictions and spreading disinformation about possible risks of disasters will face fines of MNT 150,000 and organizations, caught doing the same will be fined MNT 1,500,000. As of today, a total of eight people have been charged under the law.

Separately, under the Criminal Law, anyone who deliberately spreads fake news will face from MNT450,000 to MNT 1,300,000 or 240-720 hours of social works and imprisonment of 1-3 months.

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Mongolia disinfecting imported goods www.montsame.mn

Ulaanbaatar /MONTSAME/. During today’s press briefing of the State Emergency Commission on the situation around the COVID-19 pandemic, Deputy Head of the Specialized Inspection Agency G.Sugarbat noted that Mongolian has been paying special attention on safe and uninterrupted imports and transportation of food and other essential products.

Food product packages shipped from abroad and all shipping trucks and trains carrying them are undergoing proper disinfection. He noted that 183 drivers, including 35 foreign and 183 Mongolians, entered the country with vehicles carrying 848 tons of food and 435 tons of non-food products and border officials are carefully carrying out disinfection on all of them. While being on the territory of Mongolia, the foreign truck drivers are also required to strictly follow necessary guidelines and are allowed to spend as little time as possible in the country when delivering the imported goods and packages.

Moreover, border checkpoints where the coal shipment for exports have resumed, are only allowing drivers with personal protective equipment.

 
 
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