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

64x64

Mongolia locks down cities after reporting first COVID-19 case www.channelnewsasia.com

ULAANBAATAR: Mongolia on Tuesday (Mar 10) barred anyone from entering or leaving its cities for six days after the country reported its first coronavirus case - a French energy company employee who flew in from Moscow.

Mongolia had already sealed its border with neighbouring China and banned flights from South Korea in an effort to keep the deadly virus out of the landlocked country of three million people.

"The capital Ulaanbaatar and all province centres are quarantined until Mar 16 to curb the outbreak," Deputy Prime Minister Enkhtuvshin Ulziisaikhan said at a press conference.

The move means people are not allowed to enter or leave the capital or rural cities for almost a week, he said.

Mongolia is the latest country to enact tough measures to contain the epidemic.

China has locked down some 56 million people at the epicentre of the crisis in Hubei province and told millions more to stay home across the country. Italy has imposed restrictions on the entire country.

More than 4,000 people have died and over 110,000 have been infected worldwide, with China accounting for most cases, though infections are now growing at a faster pace abroad.

In Mongolia's first case, the French national arrived on Mar 2 on a flight from Moscow, said Health Minister Davaajantsangiin Sarangerel.

The man, who works for a subsidiary of French nuclear firm Orano, was supposed to have remained in quarantine in his hotel for 14 days but ignored the rule, the minister said.

He also visited a uranium mining project in Dornogobi province.

Orano has a subsidiary in Mongolia called Badrakh Energy, which mines for uranium in the vast country.

...


64x64

Mongolia reports first COVID-19 case www.xinhuanet.com

A French national has tested positive for the novel coronavirus, becoming the first confirmed COVID-19 case in Mongolia, the State Emergency Commission said Tuesday.

"The patient is a French national aged 57, who arrived in the capital city of Ulan Bator on March 2," Ulziisaikhan Enkhtuvshin, head of the commission, said at a press conference.

"Initially, the man was screened and not tested positive for COVID-19. But, he began to develop a fever on Saturday," said Enkhtuvshin. "He was then tested for COVID-19 and preliminary tests were deemed to be positive."

The patient is now in the country's southeastern Dornogovi Province, he added, urging the public to be vigilant and follow hygiene rules. Enditem

...


64x64

Mongolia restricting entry from countries with widespread transmission of Covid-19 www.montsame.mn

Ulaanbaatar /MONTSAME/. In order to prevent the spread of the novel coronavirus, Covid-19, Mongolia extended the suspension of flights to and from South Korea, Japan, Irkutsk, and Ulan-Ude until March 28.

L.Munkhtushig, Director General of the Consular Department of the Ministry of Foreign Affairs today informed that all foreign nationals travelling from China, Japan, South Korea, Italy and Iran, or foreign travelers who had visited these high-risk countries within the last two weeks are not allowed to enter Mongolia.

“Mongolian nationals returning from these countries will be placed in quarantine for 14 days at their own expense.” said Mr. Munkhtushig.

He also reminded that Mongolian nationals currently living in foreign countries with suspended direct flights to Mongolia are still able to return to Mongolia through Moscow or Berlin.

About 120 Mongolian nationals living in South Korea have submitted their requests to return home to the Mongolian Embassy in Seoul. The Ministry of Foreign Affairs will present their requests to the State Emergency Commission, said Director General Munkhtushig.

...


64x64

BoM: Export may slow down by USD 1.6 billion in 2020 www.zgm.mn

Bank of Mongolia (BoM) expected Mongolia’s total export to dive by USD 1.6 billion to USD 6.06 billion in 2020. BoM lowered its coal export outlook in regard to mineral resources, especially coal export plunges off in the first two months of this year. Mongolia’s export decreased by 35.9 percent in the first quarter of 2020, mainly driven by coal export shrinks. Particularly, the downward accounts for 19 percentage point out of 29.5 percent of coal export weaken in the first two months, said BoM. Further, coal exports are projected to fall by 5.6 million tons or USD 354.9 million from the previous quarter. Mongolian Alt LLC, one of the big exporter companies, informed earlier that the company had failed to reach its plan to produce seven million tons of coal this year. SouthGobi Resources also said that restricting coal exports would affect its sales. The central bank has also lowered its forecasts for iron ore exports by 720,000 tons or USD 53.7 million, and crude oil exports by 720,000 tons or USD 53.7 million. BoM assumed that copper export volume is expected to drop by 5900 tons but copper export will rise by USD 32.7 million with better price projection from the previous quarter. Oyu Tolgoi (OT) has not been ceased its coal concentrate export during the quarantine. However, China’s coal import has been reduced according to the border administrations. The Organization for Economic Cooperation and Development (OECD) said that China’s copper demand will be diminished triggering global economic growth to slow down. The Bank of Merril Lynch speculated that copper prices will fall this year to USD 4,400 per ton if the worst perspective of OECD is achieved.

...


64x64

Fitch Ratings affirms MMC rating at “B” www.zgm.mn

Fitch Ratings has estimated HSX-listed Mongolian Mining Corporation (MMC)’s ratings at ‘B’. The outlook is stable, according to the estimation. The Government has banned coal export until March 15 in consideration of preventing coronavirus outbreak. However, MMC had already intensified extractions to enhance stockpiles on both sides of China and Mongolia ahead of shut down borders. The company would be ready to resume its sales via inventoryde-stocking. According to the Fitch Ratings, steel demand is weak in China due to low resumption of construction activities, which has led to turn down in steel product prices, while coking-coal inventories at steel mills are running low and would need to be re-stocked in the near future. Chinese coking coal producers are experiencing difficulties as transportation gets restricted and the low availability of labor. This could lead to high demand for coking coal from other sources such as MMC. Furthermore, MMC is likely to hike its coal export within five years by advancing entry both from and into China.

...


64x64

Mongolia extends period of flight suspensions www.montsame.mn

Ulaanbaatar/MONTSAME/. The State Emergency Commission yesterday decided to extend the period of suspensions of flights to and from South Korea, Japan, Irkutsk, and Ulan-Ude until March 28.

Maintaining its efforts to prevent the spread of the coronavirus, the SEC will not allow the entry of foreign nationals, who have traveled to countries with Covid-19 outbreak in the last two weeks, to the territory of Mongolia, and take relevant measures as well as it called all the people of Mongolia not to travel abroad.

...


64x64

Coronavirus: Foreigners leave N Korea on first commercial flight for weeks www.bbc.com

Around 60 foreigners who were quarantined for weeks in the North Korean capital, Pyongyang, have finally left the country.

The Air Koryo flight to Vladivostok is the first commercial flight to leave North Korea in over a month, said specialist news site NK News.

Flight KOR271 landed in the far-eastern Russian city on Monday morning.

The embassy staff who left had been confined to their compounds for weeks during February and early March.

North Korea quarantined hundreds of foreigners in the capital in an attempt to stop the coronavirus from breaking out.

Russian ambassador Alexander Matsegora described the conditions as "morally crushing".

There have been no reported cases of coronavirus in North Korea, though some experts have cast doubt on this.

North Korea borders China, where the virus emerged, and South Korea, where there has been a major outbreak.

Flight KOR271 left Pyongyang at 08:40 local time on Monday (23:40 on Sunday) and arrived in Vladivostok at 10:47, said flight tracking site FlightAware.

At least 60 diplomats and embassy staff were thought to be on the flight. It's not known how or when they will return to their home countries.

The British ambassador to North Korea tweeted early on Monday that he was "sad to say farewell to colleagues from [the] Germany Embassy and French Office".

Colin Crooks added that other embassies were closing temporarily but that the British embassy would remain open.

He also tweeted pictures showing two white minivans taking staff to the airport.

North Korea had previously quarantined around 380 foreigners - mostly diplomats and staff in Pyongyang - in their compounds for at least 30 days.

It lifted the restrictions last week after more than a month.

Swedish ambassador Joachim Bergstrom reacting by tweeting a selfie with the caption: "I have never been happier standing on Kim ll Sung Square."

However, foreigners' interactions with locals were still restricted, said NK News, as they were not allowed to visit restaurants, shops, gyms and hotels in the city.

There are concerns that North Korea, which is subject to international sanctions, lacks the health infrastructure to test and treat those infected.

The number of infections worldwide is more than 107,000, with about 3,600 deaths.

...


64x64

Bill on giving visa online and at border checkpoints presented www.montsame.mn

Ulaanbaatar /MONTSAME/. On March 5, Minister of Justice and Home Affairs Ts.Nyamdorj presented the bill on amending the Law on legal status of foreign nationals that was discussed by the Cabinet to Speaker G.Zandanshatar.

The bill includes some regulations aimed to develop visa regulations of Mongolia by making it possible to acquire Mongolian visa online and on the border. Other regulations on matters such as extending the visa, withdrawing certain visa types, and opening a visa center are also includedin the bill in order to bring it to international standards.

...


64x64

The Hu’s Star Wars song hits a million views on YouTube www.news.mn

‘Sugaan Essena’, a new song by Mongolian “hunnu-rock” band, ‘the Hu’s has viewed over a million times on YouTube. The song was made for the Respawn Entertainment video game Star Wars Jedi: Fallen Order. The song was released on 19 February.

The Hu not only wrote the original tune specifically for the game, but they also penned its lyrics in a fictional Star Wars language, created with the guidance of Lucasfilm and Respawn.

The Hu left the country on 27 February for performing concerts in Malaysia, Indonesia, Japan, Australia, New-Zealand, Argentina, Brazil and Chili.

...


64x64

Oil plunges in Asia as producers start price war www.bbc.com

Oil prices crashed in Asia on Monday by more than 20% in what analysts are calling the start of a price war.

Top oil exporter Saudi Arabia slashed its oil prices at the weekend after it failed to convince Russia on Friday to back sharp production cuts.

Oil cartel Opec and its ally Russia had previously worked together on production curbs.

The benchmark Brent oil futures plunged to a low of $35.84 a barrel on Monday, in volatile energy markets.

Oil prices have now fallen 30% since Friday, when Opec's 14 members led by Saudi Arabia met with its allies Russia and other non-Opec members.

They met to discuss how to respond to falling demand caused by the growing spread of the coronavirus.

But the two sides failed to agree on measures to cut production by as much as 1.5 million barrels a day.

That initially saw Brent drop below $50 a barrel on Friday with the downward trend carrying over to Asia on Monday. The region is home to some major importers including China, Japan, South Korea and India.

With global oil production now far outpacing demand, oil analyst Martjin Rats of Morgan Stanley said Opec members are now expected to pump more oil to capture market share.

"Given Opec countries now have very little incentive to restrain production, oil markets look sharply oversupplied," Mr Rats said in a research note.

Overall, oil prices were last at these levels in January 2016, and are near a 16-year low.

Energy analyst Vandana Hari, of research firm Vanda Insights, said the markets were shocked by the disagreement on production cuts between Opec and Russia, which was surpassed last year by the US as the world's top producer.

"The collapse of the Opec/non-Opec alliance is a major shock to the oil market, and it comes with the added challenge that we don't have the full picture of what lies ahead," Ms Hari told the BBC.

...