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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Bear spotted near Mongolia's capital, gov't issues warning www.xinhuanet.com

The government of Mongolia's capital on Monday warned its citizens to avoid forest areas after a bear was spotted in the city last week.

"Bears have been spotted in residential areas with forest in the country, especially forest areas in the capital city. Most recently, a bear was spotted in Gachuurt village last Thursday," the environment department of Ulan Bator said in a statement.

Social media posts from Mongolian citizens detailing bear sightings have been a regular sight this year. Meanwhile, a 55-year-old man and his eight-year-old son were killed in a bear attack in the northern Mongolian province of Selenge in early October.

Officials say bears appear in residential areas largely due to a lack of food in their natural surroundings.

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Minister N.Tserenbat: The direct flight of Turkish Airlines will become a bridge that connects Mongolia to Europe www.montsame.mn

Istanbul /MONTSAME/. In the framework of the working visit to the Republic of Turkey, Minister of Environment and Tourism N.Tserenbat held a meeting with CEO of Turkish Airlines Bilal Ekşi in Istanbul, Turkey on December 6.

At the meeting, the sides noted how the bilateral trade and economic partnership is expected to accelerate alongside bringing tourism to a new level with the launch of the direct flight en route Ulaanbaatar-Istanbul from January 1, 2020.

Turkish Airlines CEO Bilal Ekşi highlighted that aside from prioritizing passenger comfort, it will become possible to transport 10 tons of cargo on each flight. Furthermore, as the airline promotes the destination country in-flight, he expressed that the company is ready to contribute to the tourism sector of Mongolia. Expressing his gratitude to the Minister for solving the matter of conducting the direct flight that had remained unsolved for 7 years, he underlined his confidence in the development of partnership in the tourism sector reaching a high level.

Minister of Environment and Tourism N.Tserenbat noted that the number of tourists coming to Mongolia has increased each year in correlation with the development of relations and cooperation between the two countries, increase of flight frequency and mutual visa-free travel and expressed his confidence in the direct flight becoming a bridge that connects Mongolia to Europe.

Noting that it is fully possible to transform Kharkhorin Airport into an international airport with the support of the Governments of the two countries, private entities, and airline companies, the Minister then requested assistance in designing one of the airline’s planes to depict Mongolian heritage and tradition, and place a promotional advertisement about Mongolia in the company’s inflight magazine.

The number of tourists that arrived in Mongolia from Turkey was 2,699 in 2018, while it reached 1,609 as of the first 10 months of 2019, which is 23.5 percent higher than the previous year. As for the Mongolian tourists traveling to Turkey, there has been 5,890 in 2018, and 5,403 as of the first 10 months of 2019.

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Asia markets seesaw on caution as traders look for potential trade deal www.cnn.com

Hong Kong (CNN Business)Asian markets seesawed on Monday as traders cautiously await the progress on a trade deal before the December 15 deadline for a new round of US tariffs on Chinese goods.

Japan's Nikkei 225 (N225) rose 0.5%. The market also got a boost after Japan revised its gross domestic product growth to an annualized 1.8% for the third quarter, compared with the initial estimate of 0.2%.
South Korea's Kospi (KOSPI) also gained 0.3%.
Hong Kong's Hang Seng (HSI) opened slightly higher, but then bounced between small gains and losses. The benchmark was last up 0.3%.
China's Shanghai Composite (SHCOMP) also seesawed and briefly slipped 0.2%. It then reversed losses and traded flat.
Jingyi Pan, a market strategist for IG Group, said traders are closely watching to see whether US and Chinese negotiators can strike a trade deal before December 15, when a new round of American tariffs are set to take effect on around $160 billion worth of Chinese goods,
The latest Chinese trade data also suggests it's more urgent for Beijing to ink a deal with Washington in order to ease economic pressure, she added.
China's exports dropped by a worse-than-expected 1.1% in November from a year prior, marking a fourth straight month of decline, according to government data released on Sunday. That was mainly because shipments to the United States plunged 23%, as the long-running trade war continues to hurt Chinese exporters.
Imports rose 0.3% from a year earlier — the first increase since April.
CNN's Junko Ogura in Tokyo contributed to the report.

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MoU on cooperation signed with Slovakia www.montsame.mn

Ulaanbaatar /MONTSAME/. During the 26th meeting of the Ministerial Council of the OSCE which took place in Bratislava, Slovak Republic, the Minister of Foreign Affairs D.Tsogtbaatar met with the Minister of Foreign Affairs and European Affairs of Slovak Republic Miroslav Lajčák and the Memorandum of Understanding on Cooperation was signed between the Ministry of Foreign Affairs of Mongolia and the Ministry of Foreign Affairs and European Affairs of the Slovak Republic.

In the course of the meeting, the sides discussed the issue of intensifying bilateral relations and cooperation and agreed to organize a consultative meeting and business forum in the first half of 2020.

Stressing that there are huge possibilities to intensify cooperation and increase investment, the Minister Miroslav Lajčák expressed his willingness to establish Embassy of Slovak Republic in Ulaanbaatar, Mongolia in near future.

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Mobile usage of Mongolia nears developed countries www.zgm.mn

In the first nine months of 2019, the number of mobile users increased to 4.5 million, up 10.1 percent compared to the same period of the previous year. Industry companies highlight that the digital use of Mongolia is comparable to developed countries.The number of data users exceeded three million in the first half of the year, according to the Communications Regulatory Commission. In terms of other economic data, the total revenue from the postal and telecommunications sector reached MNT 878.2 billion in the first nine months of the year, up 18.5 percent, according to the National Statistical Office (NSO)’s report. Mobile communication companies made up 55.4 percent of the total revenue. In addition to the mining and financial sectors, the third-largest sector in the Mongolia’s economy is the telecommunication sector, said Tatsuyama Hamada, the Chief Executive Officer of Mobicom Corporation.The Bank of Mongolia (BoM) also signed to deal with Mastercard International to transform the “₮” card into EMC chip technology, as we reported recently. Allowing the EMV chip enables customers to transact remotely and faster. The BoM plans to implement the project in 2020.In spite of improvements in the e-transition process, the security of information is becoming serious, sector representatives emphasized.

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Land of Embassy of UAE taken under state special needs www.montsame.mn

Ulaanbaatar /MONTSAME/. At its plenary session today, on December 6, the Parliament approved the resolution to take the land of Embassy of United Arabic Emirates to Mongolia under state special needs.

Mongolia and UAE established a diplomatic relations in 1996. In 2016, the Embassy of UAE bought 1449 square meters of apartment of "Jargalant" villa in the territory of Khan-Uul district, Ulaanbaatar to start its operation. The Embassy requested Ministry of Construction and Urban Development to officially take this land under the state special need and the resolution has been approved with the support of 68.2 percent of participating members.

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Parliament adopts state monetary policy for 2020 www.montsame.mn

Ulaanbaatar/MONTSAME/. The Parliament discussed and adopted a resolution on the Basic Guidelines for 2020 State Monetary Policy with 56.1 percent votes on December 5.

During the meeting, MP J.Bat-Erdene presented a report of the working group responsible for preparing the draft resolution for the final consideration. “The first discussion of the draft resolution was held at the plenary meeting of the parliament on November 21. It was discussed as a final version at the meeting of Parliament’s Standing Committee on Economy on December 4. In doing so, proposals and suggestions raised during the first discussion were reflected in the final version,” said MP J.Bat-Erdene.

Regarding the resolution, MP B.Battumur said that the banking system has changed in recent two years, with 6-8 percent growth of economy and decrease in unemployment, and highlighted that the central bank’s deficit, which was previously amounted at MNT3 trillion, dropped to MNT1.5 trillion. Foreign exchange reserves have currently reached USD 4 billion, but it still requires to be increased by USD 1 billion according to the calculation of international methodology.

Mr.Battumur stressed that exchange rate of Mongolian Tugrug against US dollar is not stable due to recent grey-list matters. Thus, the money supply should be analyzed, he suggested. “Besides, attentions should be paid on external debt issue. The bad loan has currently reached MNT1.9 trillion, thus 2020 State Monetary Policy faces many challenges,“ he cautioned.

Citing that overdue loans cover 10 percent of the total loans, Mr. Battumur inquired from the working group what management is being applied to recover the loans.

The working group responded that the quantity of bad loans in total loans is reducing, making up 11 percent in 2018 while it was 15 percent in 2016. The reason for insufficient decrease of the bad loans connects with frequent occurrence of disputes on loan repayments at courts, taking long time associated with legal proceedings.

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Manchester United strikes deal with Alibaba to boost football club’s engagement with its Chinese fan base www.rt.com

Premier League football club Manchester United announced on Friday a new partnership with e-commerce giant Alibaba as it aims to raise its profile and merchandise sales in the world’s second-largest economy.
The deal will see Manchester United content, including selected first-team matches, highlights and localized original productions, available to consumers across Alibaba’s platforms (such as video-streaming platform Youku.com).

The content will be available to Alibaba’s “around 700 million consumers,” United said.

The sides are also planning to open a Manchester United flagship store on Alibaba’s business-to-consumer platform Tmall to sell merchandise to Chinese fans.

“We’re proud of our passionate and loyal following around the world and our Chinese fans are a huge part of that,” said Manchester United Group Managing Director Richard Arnold.

He added that the club is looking for new ways to engage with fans in China and is working with Alibaba “to further grow our fan base in China and building on other areas of the partnership in the near future.”

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Corruption in Mongolia: what the public thinks? www.news.mn

Mongolia has long been associated with corruption in political and judicial circles. How accurate is this opinion?

According to a survey conducted by the Sant-Maral Foundation in cooperation with the Asian Foundation, 93.6 percent of respondents consider corruption is very widespread in Mongolia. No less than 87 percent of respondents consider that the Mongolian Government is failing in fighting corruption; at the same time, the general public has great faith in the Independent Authority against Corruption.

Another question involves participation in corrupt activity: the number of people who admitted giving or accepting bribes has decreased to 3.3 percent. One can assume that this figure is not so accurate!

The 14th Survey on Perceptions and Knowledge of Corruption (SPEAK) has been conducted across the country in rural soums, provinces, and the capital city of Ulaanbaatar.

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Workplace discrimination against Mongolian women www.news.mn

Since its ‘Democratic Revolution’ two decades ago, Mongolia has progressed dramatically. Yet, how modern is Mongolia exactly?

Statistical data indicates that much still needs to be done regarding women’s rights in the workplace. Society demands women work like just like men, ignoring the fact that they have to juggle this with family commitments. According to Mongolian employment reports for the third quarter of 2019, a total of 50.7 percent of workers in the science, technology and professional sectors are women, 52 percent in manufacturing industry, 58 percent in retail and wholesaling, 67 percent in service, 74 percent in finance, 77 percent in education as well as 85 percent in the health sector.

Currently, there are 2.259.000 people of working age in Mongolia; 47 percent of them are men and 53 percent are women. However, there are 100,000 women age between 20 and 35 unable to work because of the absence of childcare facilities, kindergartens and schools.

According to the 2018 statistics regarding monthly salaries, women get paid MNT 230.000 less than men. Young men, in particular earn 1.3 times more monthly salary than women.

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