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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Mongolian President welcomes New Year with good news for seniors www.montsame.mn

Ulaanbaatar /MONTSAME/. President of Mongolia Kh.Battulga rung in the New Year with traditional greetings addressing the nation. The message was broadcasted on TV across the country just moments before the clock strikes midnight.

“In the outgoing year that we had proclaimed to be a ‘Year of Reform’, paving the way for revival of the whole country, President of Mongolia, Speaker of the Mongolian Parliament and Prime Minister of Mongolia have succeeded to reach common ground”.

President Kh.Battulga said that the economic growth increased by five times compared to 2016, to 6.3 percent in 2019, achieving an economic stability.

In his annual New year’s greeting, the President further mentioned the approval of long-deliberated amendments to the Constitution of Mongolia, which, he believes, will strengthen the sovereignty of Mongolia, laying the foundation to stability of development policy and the statehood while keeping the government accountable.

Remarking about a great deal of accomplishments made in the year of 2019, including the government decision to ensure interests of Mongolia in the Oyu Tolgoi mining project, landmark revenue of MNT 1 billion by the Erdenet Mining Corporation to state and local budgets for the first time ever as well as resumption of railway projects and active participation of Mongolian Armed Force in the railway development.

“The departing year saw many other successes, with the foreign relations of Mongolia were brought up to a new level and inauguration of a number of large-scale strategically important projects, such as oil refinery and new international airport” said Kh.Battulga.

Reduction of air pollution in Ulaanbaatar city, improved legislative and judicial bodies and active citizenship and strengthened civil society are among the most significant features of 2019, he said.

“The year 2020 will be a year to examine the mistakes and achievements of the democratic system of three decades and identify the long term visions and carry on with great development works we have started in the past 30 years.”

In conclusion, President Kh.Battulga made an announcement that the members of the National Security Council of Mongolia agreed on one-time cancellation of pension loan with a view to ease the debt burden imposed on senior citizens. "This measure will be brought about by putting the Salkhit silver deposit into economic circulation" said the Mongolian President.

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Mongolia to write off loans of all pensioners www.xinhuanet.com

The National Security Council of Mongolia led by the country's president has decided to write off the loans of all pensioners in the country.

President Khaltmaa Battulga announced the decision on Tuesday night while extending New Year greetings to his people via media.

"I am happy to announce that the National Security Council of Mongolia has decided to pay off the loans of all pensioners ... with the aim to help them get out of debt," he said.

It is not yet clear when the decision will be implemented.

There are over 380,000 seniors who receive retirement pensions in the country, and more than half of them have taken out loans, according to statistics.

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Mongolia’s foreign debt until 2024 reaches $14.4 billion www.akipress.com

Director General of Research and Statistics Department of the Bank of Mongolia B.Batdavaa told the Montsame news agency about recent economic indicators of Mongolia.

Mr. Batdavaa informed that net foreign direct investment inflows, as of the first ten months of 2019, reached MNT 1.56 billion, showing a decline by 6 percent compared to the same period of 2018.

Mentioning that the investment from Oyu Tolgoi mining project accounts for around 75-80 percent of the total direct investment to Mongolia, Batdavaa noted that the country’s excessive dependency on the mining industry continues to make the economy weaker.

He further said the total debts of Mongolia in 2020-2024 amounts to USD 14.4 billion, including the public and private loans. “Considering the foreign exchange reserves of Mongolia which barely totals USD 4 billion and the country’s exports that are heavily controlled by the mining industry, there is a lot of work for us to prevent from a possible risk of debt burden between 2020 and 2024”. “The Bank of Mongolia has been reminding to attract more foreign investment, grow foreign exchange reserves and promote export diversification” he said.

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Joe Biden tells coal miners to learn to code www.mining.com

Democratic presidential hopeful and former US vice president Joe Biden told unemployed miners, particularly those in the coal sector, to learn to code so that they can access the jobs of the future.

According to Washington Post reporter Dave Weigel, at a rally in Derry, New Hampshire, Biden said that if miners are able to go underground 3,000 feet or throw coal into a furnace, they surely have the ability to learn how to program.

Biden’s comments come at a moment when natural gas has taken a good share of the market previously dominated by coal and when coal generation continues to go down. At the same time, coal exports from the US to Asia and Europe are experiencing a series of roadblocks imposed by towns and cities that decided to put limits on how much of the fossil fuel is shipped from their ports.

The former vice president’s remarks were not entirely well-received, even within his own party. Brianna Wu, candidate for the House of Representatives in MA District 8 and a software engineer, tweeted that Biden’s comment seems to be tone-deaf to the needs of mineworkers who have lost their jobs.

According to the U.S. Bureau of Labor Statistics, 53,300 people were employed in coal mines in September 2019, far below the 79,400 people employed in the sector a decade ago.

It’s not the first time Biden has made comments that call into question his connection to the realities of unemployed Americans.

Following a presidential debate on December 19, the Washington Examiner published an op-ed titled “Is Joe Biden trying to lose the Rust Belt?” This, after the Democratic candidate did not elaborate on how, if elected, his government would provide opportunities to blue-collar energy and mine workers to transition to well-paying jobs as the US is pushed to move toward a green economy.

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One million children to receive monthly Child Allowance www.montsame.mn

Ulaanbaatar /MONTSAME/. A parliamentary resolution made on November 28, 2019 to grant monthly Child Money allowance to all children, whose parents and caregivers applied for the allowance, comes into force today, January 1, 2020.

The decision enabling the distribution of monthly benefit of MNT 20 thousand to children aged 0-18 is aimed at increasing the coverage of child allowance, which previously reached 80 percent of total children in Mongolia, which equal to about 912 thousand children. Some MNT 205.1 billion was previously spent for child allowance distribution annually.

Conforming to this decision, from MNT 13 billion to MNT 36 billion is estimated to be distributed as child benefits each year, on the condition that about 85-90 percent of total children in Mongolia would submit their requests to receive the allowance

When the parents and caregivers applied for the child allowance in their local labor and welfare divisions, their standard of living will be evaluated to get approval for child money allowance.

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FDI may exceed USD 300 million 2020 www.zgm.mn

Foreign direct investment (FDI) is expected to reach USD 200-300 million next year, according to the Bank of Mongolia (BoM). It directly depends on the Oyu Tolgoi (OT) project progress. The investor of the project had announced that the first sustainable production is expected between May 2022 and June 2023, which is a delay of 16-30 months compared with original guidance, while the cost of the USD 5.3 billion will increase by USD 1.2-1.9 billion. More detailed estimates will be introduced in the second quarter of next year and the feasibility study is expected to be updated in the latter half of the year. In this regard, the amount of investment in the OT project will reduce to USD 970 million from its planned USD 1.2 billion in 2020, the central bank said. In the first 10 months of this year, foreign direct investment reached USD 1.56 billion, a six percent decrease from the previous year, of which Oyu Tolgoi LLC made 75-80 percent alone.Thus, the government's decision to cease exploration license for one year significantly diminishes the exploration activity of foreign and domestic investors. As of October 2019, exploration activities were activated in 104 fields, with MNT 18.9 billion being collected to the state budget, according to the Mineral Resource and Petroleum Authority of Mongolia (MRPAM).

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Interview: Mongolian, Chinese archeologists' co-discovery among top in 2019 www.xinhuanet.com

A rare pair of silver dragons discovered in Mongolia by local and Chinese scientists has been added to a prestigious list of archeological discoveries.

The silver dragons were found for the first time not only in Mongolia, but also Asia, said Diimaajav Erdenebaatar, head of the Department of Archeology at the Ulaanbaatar State University, in a recent interview with Xinhua.

"I am very happy and satisfied that our first collaboration was so effective," Eerdenebaatar said of his department's cooperation with Chinese archeologists.

The silver dragons excavated in two lavish tombs jointly by Mongolian and Chinese archeologists have been recently included in the list of top 10 archeological discoveries by the Archaeological Institute of America's Archeology magazine, Erdenebaatar said.

"The two silver dragons, each 8 cm in length and with a gesture looking back to its vertical tail, is a great achievement of a three-year joint excavation in Undur-Ulaan soum of the central-west Mongolian province of Arkhangai co-carried by archeologists from our university and China's Henan province," he said.

"This was the first time that our university's archaeologists collaborated with the Chinese side," said the co-head of the joint Mongolia-China archeological team.

After three years' hard work, the China-Mongolia team this summer finished the excavation of two tombs, both of which are Xiongnu noble burials, Erdenebaatar said, adding that details of the dragons' horns, eyes, teeth and feathers were exquisitely carved.

Nobles of that time probably believed dragons were majestic symbols, according to the Mongolian expert.

"But we are now working to determine exactly whether the two gilded silver dragons were decorative items or otherwise," Erdenebaatar said.

In addition, a number of bronze objects, such as pots and wares, were unearthed from the two tombs.

Many of these bronze objects were broken, and the Chinese archeologists will soon return to Mongolia to restore them, he said.

The archeologists of the two countries also found a number of cultural items believed to date back to the Han Dynasty, Erdenebaatar said.

"It shows that our two peoples have been in a relationship for several thousand years," he added.

Erdenebaatar expressed his willingness to further cooperate with Chinese archeologists in the future.

The Archaeology magazine is a bimonthly publication of the Archaeological Institute of America. As a world-famous archaeological magazine, it began publishing its annual Top 10 Discoveries in 2006.

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China near to eliminating poverty www.chinadaily.com.cn

When Marko Djuric, vice-chairman of the Progressive Party of Serbia, visited Jiangxi provincial capital Nanchang last month, he was touched by the story of a local farmer who escaped poverty by growing navel oranges with the help of the local government.

The success story of 62-year-old Deng Daqing, a farmer in Longhu, a village in Ruijin's Huangbai township, shows that the governance of the Communist Party of China in poverty reduction is "responsible and efficient", Djuric said in an interview with China Daily.

Until 2013, Deng's family was one of the poorest in his rugged mountain village. With help from local authorities, Deng secured a bank loan and planted more than 800 orange trees. Three years later, he brought in 30,000 yuan ($4,286) from fruit sales, an amount far exceeding the national poverty threshold of 2,300 yuan a year.

By using an e-commerce platform, Deng's income has grown significantly as his business has expanded nationwide. Last year, Deng earned more than 280,000 yuan.

As a CPC member, Deng said he was unwilling to reap the benefits alone, so he offered to help his fellow villagers grow navel oranges. In 2016, he worked with the Party branch in the village to start an agricultural cooperative, which provides unified management, training, pest prevention, cheaper fertilizers and marketing for poverty-stricken families.

Deng said the per capita income of his village reached 13,000 yuan in 2017, and all 54 households that were impoverished were lifted out of poverty by growing and selling navel oranges.

Deng's story sends an "emotional" message that it's never too late for poverty-stricken people to become prosperous through hard work, Djuric said. Importantly, it also shows how the province's Party organization played a significant role in helping the village escape poverty.

Deng and his fellow villagers are only a few of the beneficiaries of the country's poverty alleviation efforts in recent years. From 2013 to 2018, the nation's impoverished population has been reduced by an average of more than 12 million annually, from 98.99 million at the end of 2012 to 16.6 million at the end of last year.

At the fourth plenary session of the 19th CPC Central Committee, in late October, the CPC reaffirmed to eradicate absolute poverty in rural areas by the end of next year. Meanwhile, it would set up a long-term mechanism to deal with relative poverty to meet people's ever-growing demand for a better life.

Resolute efforts must be made to win the critical battle of poverty reduction, build on the outcomes achieved in relieving extreme poverty and establish a mechanism to address relative poverty, according to a document adopted by the key Party meeting

The document is seen as a guideline for the CPC to lead the nation to uphold and improve the system of socialism with Chinese characteristics and advance the modernization of the country's system and capacity for governance, and also a road map to turn institutional strength into even more effective governance.

Djuric said that when he read President Xi Jinping's book The Governance of China this year, he was impressed by the achievements of the system of socialism with Chinese characteristics, particularly in poverty alleviation, with more than 700 million people having been lifted out of extreme poverty in the past four decades.

He attributed the country's remarkable achievements in poverty reduction to its effective system and targeted measures as well as the CPC's efficient governance.

"China's governance system has proved to be very efficient in promoting the country's progress and development. ... There is no doubt that Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era has yielded concrete results in Jiangxi," Djuric said.

He added that the Chinese model can be implemented in many places in the world. "It requires hard work, dedication, good governance and responsible governance."

Xi, also general secretary of the CPC Central Committee, placed poverty reduction at the top of the list of major tasks as the Party vowed to build a moderately prosperous society in 2020. This means that by the end of 2020, the population of rural poor should be guaranteed food, clothing and safe housing, compulsory education and basic medical care.

In Xi's view, if rural China — particularly people in impoverished areas — is left behind, a moderately prosperous society will not emerge.

Because the earlier one-size-fits-all poverty relief policy no longer works when applied to the most impoverished families, Xi proposed the idea of targeted poverty alleviation for the first time in November 2013, when he made an inspection tour of Shibadong village in Hunan province. He said targeted relief and customized policies are needed to help different types of people and households.

When carrying out poverty-relief work, the central authorities coordinate the entire program and provinces take major responsibility, while cities and counties ensure policies are implemented.

Overall responsibility for leading the work lies with the Party and government chiefs, according to the action plan for poverty alleviation jointly released by the general office of the CPC Central Committee and the State Council in 2016.

Targeted measures designed to help residents of rural areas shake off poverty have been pushed forward. They include developing industries, improving education and medical services, building adequate infrastructure and facilities, helping migrant workers find jobs and relocating people living in poor conditions and fragile environments to more prosperous areas.

More than 770,000 officials from the government, universities, State-owned enterprises and civil associations work in rural areas nationwide.

Liu Yongfu, director of the State Council Leading Group Office of Poverty Alleviation and Development, said at a news conference in September that 95 percent of the impoverished population is expected to be lifted out of poverty in the end of this year.

Through continued efforts in 2020, he added, the historic goal of rooting out absolute poverty across China will be achieved and the building of a moderately prosperous society in all respects will be attained.

The success in targeted poverty alleviation in Jiangxi reflects a miracle China has created in securing large-scale poverty reduction while achieving rapid economic growth, said Liu Qi, secretary of the CPC Jiangxi Provincial Committee. It fully demonstrates the political advantage of CPC leadership as well as the strength of the system of socialism with Chinese characteristics, Liu said.

The fourth plenary session also laid out a map for turning institutional strength into even more effective governance, covering key fields like Party leadership, rule of law, the economy and the environment.

The session is of great significance, said Khamphanh Phommathath of Laos, a member of the Political Bureau of the Lao People's Revolutionary Party Central Committee, adding that the CPC has been continuously working to improve its governance capacity and system as well as sticking to its commitment to seek happiness for the people.

Guided by the session, the CPC will achieve greater progress in governance in the future, he said.

Amirah Kaca Sumarto, vice-chair of the young leaders' sisterhood of Indonesia's Golkar Party, said that China has managed to formulate its own system that suits its history, culture and people, and it has proved to be effective. "China is a different kind of role model compared with Western countries."

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Mongolia to shut down all checkpoints on occasion of Independence Day www.akipress.com

All 12 border checkpoints for auto vehicles will be closed on December 29, Sunday for the Day of Restoration of National Freedom and Independence of Mongolia, Montsame reports.
In compliance with intergovernmental agreements established by Mongolia with its two neighbor countries, Russia and China, on border ports and their working regimes, border crossing points for auto vehicles will be closed during national holidays.

However, international railway and flights will proceed as scheduled timetable.

The 12 auto checkpoints of Mongolia that borders with China and Russia are Zamiin-Uud, Gashuunsukhait, Bulgan, Baitag, Khavirga, Bichigt, Shiveekhuren, Khangi, Burgastai, Dayan, Bayankhoshuu and Sumber.

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Russia 'successfully tests' its unplugged internet www.bbc.com

Russia has successfully tested a country-wide alternative to the global internet, its government has announced.

Details of what the test involved were vague but, according to the Ministry of Communications, ordinary users did not notice any changes.

The results will now be presented to President Putin.

Experts remain concerned about the trend for some countries to dismantle the internet.

"Sadly, the Russian direction of travel is just another step in the increasing breaking-up of the internet," said Prof Alan Woodward, a computer scientist at the University of Surrey.

"Increasingly, authoritarian countries which want to control what citizens see are looking at what Iran and China have already done.

"It means people will not have access to dialogue about what is going on in their own country, they will be kept within their own bubble."

The initiative involves restricting the points at which Russia's version of the net connects to its global counterpart, giving the government more control over what its citizens can access.

"That would effectively get ISPs [internet service providers] and telcos to configure the internet within their borders as a gigantic intranet, just like a large corporation does," explained Prof Woodward.

So how would the government establish what some have dubbed a "sovereign Runet"?

Countries receive foreign web services via undersea cables or "nodes" - connection points at which data is transmitted to and from other countries' communication networks. These would need to be blocked or at least regulated.

This would require the co-operation of domestic ISPs and would be much easier to achieve if there were just a handful of state-owned firms involved. The more networks and connections a country has, the more difficult it is to control access.

Then Russia would need to create an alternative system.

In Iran, the National Information Network allows access to web services while policing all content on the network and limiting external information. It is run by the state-owned Telecommunication Company of Iran.

One of the benefits of effectively turning all internet access into a government-controlled walled garden, is that virtual private networks (VPNs), often used to circumvent blocks, would not work.

Another example of this is the so-called Great Firewall of China. It blocks access to many foreign internet services, which in turn has helped several domestic tech giants establish themselves.

Russia already tech champions of its own, such as Yandex and Mail.Ru, but other local firms might also benefit.

The country plans to create its own Wikipedia and politicians have passed a bill that bans the sale of smartphones that do not have Russian software pre-installed.

Technical challenges
One expert warned that the policy could help the state repress free speech, but added that it was not a foregone conclusion that it would succeed.

"The Russian government has run into technical challenges in the past when trying to increase online control, such as its largely unsuccessful efforts to block Russians from accessing encrypted messaging app Telegram," Justin Sherman, a cyber-security policy fellow at the New America think tank, told the BBC.

"Without more information about this test though, it's hard to assess exactly how far Russia has progressed in the path towards an isolatable domestic internet.

"And on the business front, it remains to be seen just how much domestic and foreign pushback Russia will get."

Local news agencies, including Pravda, reported the deputy head of the Ministry of Communications had said that the tests of the scheme had gone as planned.

"The results of the exercises showed that, in general, both the authorities and telecoms operators are ready to effectively respond to emerging risks and threats, to ensure the stable functioning of both the internet and unified telecommunication network in the Russian Federation," said Alexey Sokolov.

The state-owned Tass news agency reported the tests had assessed the vulnerability of internet-of-things devices, and also involved an exercise to test Runet's ability to stand up to "external negative influences".

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