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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Latest on the novel coronavirus outbreak www.chinadaily.com.cn

Feb 20 - Hubei province reported 349 new confirmed cases of the novel coronavirus infection and 108 new fatalities. 1,209 were released from hospitals, bringing the total to 10,337.

Feb 19

- Chinese mainland reported 1,749 new confirmed cases of novel coronavirus infection, bringing the total to 74,185.

- Chinese mainland reported 136 new deaths, bringing the total to 2,004.

- Hubei province reported 1,693 new confirmed cases of the novel coronavirus infection and 132 new fatalities.

- Shanghai reported no new confirmed cases of novel coronavirus infections for the 24 hours ending Tuesday midnight.

Feb 18

- Chinese mainland reported 1,886 new confirmed cases of novel coronavirus infection, bringing the total to 72,436.

- Hubei province reported 1,807 new confirmed cases of the novel coronavirus infection and 93 new fatalities. 1,223 were released from hospitals.

Feb 17

- Chinese mainland reported 2,048 new confirmed cases of novel coronavirus infection, bringing the total to 70,548.

- Hubei province reported 1,933 new confirmed cases of the novel coronavirus infection and 100 new fatalities.

- The number of new confirmed cases outside Hubei province has been dropping for 13 consecutive days.

Feb 16

- Chinese mainland reported 2,009 new confirmed cases of novel coronavirus infection, 142 new deaths.

- Hubei province reported 1,843 new coronavirus infections in one day on Feb 15, including 888 clinical cases.

- New cases outside Hubei decline for 12 straight days.

Feb 15

- Chinese mainland reported 2,641 new confirmed cases of novel coronavirus infection, 143 new deaths. More

- A total of 217 medical teams with 25,633 medics have arrived in Hubei to help.

- The use of cabin hospitals won't result in cross infection while it has achieved good performance, said a senior health official.

- Daily new confirmed cases of the coronavirus disease outside Hubei, the epicenter province in the outbreak, have been dropping for 11 consecutive days.

- France confirms first novel coronavirus death in Europe.

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New research shows: Mongolia forced to give up control over its natural resources www.somo.nl

New research by the Centre for Research on Multinational Corporations (SOMO) and Oyu Tolgoi (OT) Watch shows how one of the world’s largest copper mines, Oyu Tolgoi in Mongolia, was negotiated at the expense of the Mongolian people.

Leaked documents expose how mining companies Rio Tinto and Turquoise Hill Resources, alongside the US embassy, the International Monetary Fund and the World Bank manoeuvred the Mongolian government into offering generous corporate incentives that have left the country with debt, environmental damage and a loss of democratic control over their natural resources.

“Just as the economy was beginning to stabilise and grow, the World Bank decided to push the Mongolian economy towards growth based on mineral extraction. This made Mongolia fully dependent on a single industry and a single market” says Sukhgerel Dugersuren Executive Director of OTWatch, a Mongolian non-profit organisation.

Members of parliament and civil society organizations have questioned the Oyu Tolgoi Investment Agreement since negotiations began in 2003. In November 2019, the Mongolian Parliament unanimously passed a resolution instructing the Mongolian Government to review and take measures to ensure that all the agreements relating to the Oyu Tolgoi Project should comply with the country’s legislation for the benefit of the Mongolian people.

The new report ‘Undermining Mongolia’ analyses how the choreography of political, corporate and financial actors around a mining agreement have shaped Mongolia’s politics and legislation. SOMO and OTWatch argue that this is not a unique case but it reflects the development trajectory of mineral rich countries, which are often hijacked by the corporate interests of the global extractives industry.

Rhodante Ahlers of SOMO says: “Globally legitimized looting by multinationals must stop. ‘Good governance’ and ‘rule of law’ need to be stripped from corporate interest and profit seeking and redefined towards a healthy planet for the benefit of all.”

This report is a sequel to the 2018 report Mining taxes which revealed Rio Tinto’s tax schemes that lead to nearly $700 million in tax revenue losses for Canada and Mongolia.

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Mongolia to Shut Schools Until March 30 to Curb Virus Outbreak www.reuters.com

ULAANBAATAR — Mongolia will keep all its schools shut until March 30 in order to prevent the coronavirus from spreading in the country, the government said on Wednesday.

The flu-like virus has already killed more than 2,000 people in its southern neighbor, China.

Though Mongolia has yet to report any cases, it has sealed off the border and refused entry to anyone traveling through China. It still has 336 citizens in China seeking to return home, it said on Tuesday.

With the outbreak still not slowing down, Mongolia's educational institutes, from its kindergartens to its universities, will remain shut until the end of next month, the government said.

(Reporting by Anand Tumurtogoo, Writing by David Stanway; Editing by Himani Sarkar)

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Ambassador to Russia meets Deputy Chairman of the Gazprom Board of Directors www.montsame.mn

Ulaanbaatar /MONTSAME/ On February 18, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russia Federation D.Davaa met with a delegation led by Alexey Miller, Chairman of the Management Committee and Deputy Chairman of the Board of Directors at Gazprom public joint-stock company of Russia.

Mr. Alexey Miller informed that Russia set up a working group to explore the possibilities of having the pipeline, with which Russia is to supply natural gas to China, pass through Mongolia and carry out the pipeline project’s feasibility study in connection with the Memorandum of Understanding established between the Government of Mongolia and Gazprom PJST on December 5, 2019, during Mongolian Prime Minister U.Khurelsukh’s official visit to Russia. He also noted that first of all the company is looking into the possibilities of opening its subsidiary in Mongolia in order to carry out the works agreed at presidential and prime ministerial level.

Emphasizing that the signing of the Mongolia-Russia Treaty on Friendly Relations and Comprehensive Strategic Partnership that took place on September 3, 2019, during Russian President Vladimir Putin’s state visit to Mongolia, indicates the advancement of bilateral relations and cooperation to a whole new level, Ambassador D.Davaa said having the pipeline run through Mongolia would be of great importance in the expansion of bilateral trade and economic cooperation.

The sides also agreed to ensure that the product is delivered safely and stably to the central region of China by the shortest path if it is decided to pass the pipeline through Mongolia and that the construction could become a great instance of economic cooperation representing the friendly relations of Mongolia, Russia, and China.

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APO Releases Report on Strengthening the Mongolian Productivity Organization and Increasing Productivity within Mongolia www.apo-tokyo.org .

In a newly released report, the Asian Productivity Organization (APO) recommends how the Mongolian Productivity Organization (MPO) could expand its ability to undertake productivity promotion and improve its visibility as the country’s leading productivity organization. The report outlines a major transformation program requiring substantial resources and national initiatives. The key recommendation concerns the small staff size of the MPO and its available resources. The MPO needs to win major long-term client contracts from the public or private sector or significantly increase its membership to generate sufficient funds for improved programs and services.

The ideal option in the immediate future is for the MPO to obtain a substantial contract from the government for the development of a national strategy on productivity enhancement. The MPO should encourage and support the Mongolian government in relaunching the National Productivity Award, including assistance in introducing a Business Excellence (BE) initiative. Public-sector organizations that start the BE journey often become world-class institutions. If it succeeds, this endeavor could be a game-changer for Mongolia, involving the entire public sector and private enterprises in a transformation program managed by the MPO.

APO support for national productivity organizations under its Specific National Program (SNP) addresses institutional needs to enable effective productivity-related strategies and programs to be developed, implemented, and sustained. The objective of the SNP consultancy for the MPO was to review strategies, organizational structure, funding models, staffing, approaches to governance, leadership, human resources, services and programs, business activities, operations and systems, etc., as emphasized in the report recommendations.

APO Secretary-General Dr. AKP Mochtan presented the Report on Strengthening the Mongolian Productivity Organization and Increasing Productivity within Mongolia to the MPO, represented by the APO Director for Mongolia and Chairman and Executive Director Yamaaranz Erkhermbayar, in Ulaanbaatar on 21 January 2020. It will serve as a reference for transforming the productivity movement within Mongolia, and the Secretary-General wished the MPO every success in the process.

In order to involve local stakeholders, especially those from the public sector, in implementing the recommendations outlined in the report, Secretary-General Dr. Mochtan had opportunities for discussions with public officials from the Cabinet Secretary’s Office; Office of Foreign Affairs; Ministry of Education, Science, Culture and Sports; Mongolian National Audit Office; Ministry of Food, Agriculture and Light Industry; and University of Livestock. All are committed to enhancing productivity from the national to the sectoral and organizational levels. “The Mongolian National Audit Office welcomed the report from the APO and would like to focus on addressing public-sector productivity by learning from the experiences of other APO members,” according to Deputy General Auditor Tengis O. Secretary-General Dr. Mochtan affirmed that aspiration, explaining that, “In the end, the government should better serve and meet the expectations of the citizenry and the private sector in the country, which was one of the highlights of the report.”

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General budget revenue amounts to MNT 67.2 billion in January www.zgm.mn

In January, state budget revenue reached MNT 67.2 billion which had a deficit in 2019. Budget revenue increased however, its surplus declined compared to the previous year. Government expenditure turned MNT 40 billion eliminating budgets of local, social insurance and human development. The total of grants and income amounted to MNT 767.7 billion while expenditure and net lending reached MNT 641.3 billion. The tax revenue went upward mainly affected by budget exceed expenses. Tax revenue reached MNT 656.4 billion, increased by 4.8 percent compared to the same period of the previous year. This growth was mainly driven by a rise of 63.9 percent in value-added taxes, and 4.1 times increase in the property tax year on year. It is estimated that the budget deficit is MNT 2 trillion to 5.1 percent of GDP in 2020. After that new risk has followed up. According to the government’s decision, coal export completely suspended through ports of Gashuunsukhait, Shiveekhuren, Bichigt, and Bulgan until March 2, 2020. In the first two months of 2019, Mongolia exported 1.9 million tons of coal, gaining export revenue of USD 163.4 million. Both Mongolia and China’s traditional celebrations occurr in February. Same as last year, it is estimated that Mongolia will lose USD 163.4 million in coal exports due to government sanctions.

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The Hu makes theme song for Star Wars game www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolian hunnu rock band The HU has made a song in a fictional ‘alien’ language for the Star Wars Jedi: Fallen Order action-adventure game.

The performance video of the single, Sugaan Essena, was released on Youtube yesterday, on February 18, and has so far earned around 60 thousand views. The song, which can be heard in the opening moments of the game, is also now available on iTunes and Spotify.

The band wrote the lyrics in Mongolian first under the title ‘Black Thunder’ and performed the song during its European and U.S. tours. Then, the lyrics were rewritten in a language authentic to Star Wars with the guidance of the makers of the video game.

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Sport Relief forced to scrap Mongolia trek for new challenge over coronavirus fears for Nick Grimshaw and co-stars www.metro.co.uk

Sport Relief has been forced to scrap its initial plans of sending the likes of Nick Grimshaw, Frankie Bridge and Karim Zeroual out to Mongolia amid fears of the Coronavirus. The celebrities were scheduled to embark on a 100 mile expedition across Mongolia, which has sparked health concerns due to neighbouring China. Instead, the team, which also includes Rob Rinder, Louise Minchin, and Samantha Womack, will trek across the Namib Desert in Namibia. The stars will now begin their journey at the source of the Kuiseb Rover and travel on foot and bike towards the Skeleton Coast in blazing heat soaring past 30 degrees Celsius, scaling some of the largest recorded sand dunes in the world.

And it will all be filmed for a BBC One documentary. Ruth Davison, Chief Executive of Comic Relief (interim), confirmed: ‘After closely monitoring travel advice, we have decided to relocate our international fundraising challenge, which starts this weekend. Nick will be swapping the British countryside…

‘We had previously been looking at a range of locations and challenges and we think that the Namib Desert expedition is a fitting alternative. She continued: ‘We are extremely grateful for our team of celebrities who have not wavered in their passion and determination to want to take on a challenge for us, which is extraordinary in itself. ‘We hope the public will join us in giving them our full support as they push themselves to the limits to raise money for Sport Relief.

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Moody's announces completion of a periodic review of ratings of Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ Moody's conducts periodic reviews through portfolio reviews in which Moody's reassesses the appropriateness of each outstanding rating in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1st January 2019, Moody's issues a press release following each periodic review announcing its completion.

Moody's has now completed the periodic review of a group of issuers that includes Mongolia and may include related ratings.

The credit profile of Mongolia (issuer rating B3) incorporates its "ba3" economic strength, supported by strong growth potential balanced by a small and narrowly diversified economy; its "b2" institutions and governance strength, which balances weak executive institutions and policy effectiveness against ongoing structural reforms; "b3" fiscal strength, reflecting a high, albeit improving, debt burden, weak debt affordability, and a reliance on foreign currency denominated debt; and a "b" susceptibility to event risk, driven by external vulnerability risk and banking system risk. A fractious political environment is a common feature, with a high rate of change among ruling parties. This has some repercussions for policy decisions.

source: moodys.com

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Mongolia launches campaign to help China fight coronavirus www.montsame.mn

The government of Mongolia has decided to launch a campaign to provide assistance to China to help contain the outbreak of coronavirus and appointed Minister of Environment and Tourism N.Tserenbat as a head of a working team responsible for the campaign.

Today, February 18, a press briefing was organized to announce the launch of the campaign “Emotional Support to Eternal Neighbor”.

In the scope of the campaign, a donation account at the State Bank was established by the Ministries of Environment and Tourism, Foreign Affairs and Finance.

Details of the donations account:

Bank Name: State Bank

Account number: 341303432597

Beneficiary account holder: Humanitarian campaign

“Despite the ongoing donations and assistance given by Mongolian government and private organizations to the Chinese Embassy in Ulaanbaatar since January, we should give greater donations, involving more people. That is why we have opened the donations account” said Minister N.Tserenbat at the press conference.

Minister of Foreign Affairs D.Tsogtbaatar mentioned that a large number of Mongolians have been taking the initiatives to provide emotional and material support to China. Therefore, the campaign organizers stepped in to compile those cash assistance into one account.

“Apart from the government’s assistance to China, Ulaanbaatar City Governor’s Office, Mongolian National Chamber of Commerce and Industry, China Alumni organization in Mongolia and the Democratic Party have already delivered their donations to China.” noted Minister D.Tsogtbaatar

The donations collected to the account will be reported to the public and delivered to the Chinese Embassy in Mongolia weekly.

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