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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Missing American: Family agrees to stop rescue operation www.news.mn

A search and rescue operation for the U.S. citizen who failed to return from climbing Altai Tavan Bogd Mountain has been stopped following the contest of his family, reported the Mongolian National Emergency Management Agency (NEMA). It is now 17 days since the 40-year-old went missing in Bayan-Ulgii, the westernmost province of Mongolia.

The search and rescue operation started on 22 September but had to be suspended after four days due to bad weather conditions and heavy snow on the Altia Tavan Bogd; it was resumed on 27 September. The rescue operation was expanded with NEMA officers from the Uvs and Khovd Provinces and mountaineers from Mongolian National Climbing Federation.

According to ‘Altai Tour’ Travel Company, based in Bayan-Ulgii Province, the man began climbing the mountain with five other tourists, 180 km north of Tsengel Soum on 18 September. However, he was travelling alone without a guide or travel agency support. According to one source, the five others failed to find him when they reached the top of the mountain. Subsequently, an employee of the travel company informed NEMA about the missing man at 10.11 pm on 21 September.

The stunning Altai Tavan Bogd National Park follows Mongolia’s western border with China and Russia, and is the greatest attraction in the west of the country. This summer it was climbed by many foreign visitors, including the US president’s son and grandson. The mountain is 185 km from the town of Ulgii, which is the provincial centre.

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Mongolian memory athletes become three times champion of Asia www.news.mn

Athletes from the Mongolian Intellectual Academy have become the three times champions of Asia after winning first place at the Asia Open Memory Championship 2019 with 21 gold, 24 silvers and 22 bronzes. The competition was held in on the Indonesian island of Bali, from 5-6 October. The Chinese memory team came second followed by Indonesia. Grandmaster certificates have been issued to those who qualified in the competition.

The 55th competition was held in over 20 countries and Mongolian team collected a total of 1004 medals.

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35 MW generator installed at Darkhan Power Station www.montsame.mn

Ulaanbaatar /MONSTAME/ Under an agreement between the governments of Mongolia and Germany and Energy Efficiency Program I, a new 35-megawatt turbine generator was successfully installed in the Darkhan Power Station in Darkhan city. Aside from the establishment of a 35 MW generator, other units of the plant were upgraded under the project.

The foundation of the thermal power plant, one of the oldest power plants in Mongolia, was laid in 1963 and the plant’s main equipment was commissioned on October 2, 1965. This is the third major refurbishment of the plant in the past 54 years.

The handing over ceremony of the newly upgraded plant held on October 5 was attended by Minister of Energy Ts.Davaasuren, MP B.Battumur, Goveror of Darkhan-Uul aimag S.Nasanbat, Executive Director of Darkhan Thermal Power Plant JSC, and other foreign guests. In his remarks, Minister Ts.Davaasuren said, “Mongolia’s energy consumption is increasing by 60 to 80 MW each year. The commissioning of the 35 MW generator enables to meet a half of this demand. In other words, implementation of the large scale project not only improves heat and electricity supply of Darkhan city but also plays a significant role in Mongolia’s energy system”

The implementation of the project ensures continuous and reliable operation of the 54 year old plant for another 10-15-years, In addition, the 11 MW increase to the installed capacity of the plant will lower the electricity import from Russia.

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E-export project starts to export products at online platforms www.montsame.mn

Ulaanbaatar /MONTSAME/ Aimed at exporting Mongolian products to China and Southeast Asian countries at online trading platforms, ‘Cross-border online trade E-export’ project started from October 4.

The Mongolian National Chamber of Commerce and Industry (MNCCI) and Representative Office of Bayannuur city of Inner Mongolia Autonomous Region of China are jointly realizing the project to facilitate works of national producers, who have willingness to deliver their products to millions of consumers using Chinese trading platforms such as Alibaba.comTaobao.com and WeChat.

“Our entities will supply their goods to E-export project unit and pay the fee. The MNCCI will be responsible for all other issues including customs clearance, transport, storing and payment. Mongolian wool and cashmere products, felt products, handicrafts and some food products are highly demanded at Chinese market. President of China Xi Jinping expressed to support export of Mongolian goods to China during his meeting with Mongolian President Kh.Battulga in April. Online trading market will not be limited only by China. Further, we are intending to enter into trading market of Russia and Germany. Within it, we held preliminary talks with the Russian Chamber of Commerce and Industry and the issue is being discussed at its Government level. We will present the project to the German Chamber of Commerce and Industry in upcoming November,” CEO of the MNCCI T.Duuren said.

Deputy Director of Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs T.Battsetseg noted that countries are promoting online trade. Any foreign trade runs with participation of several organizations such as customs agency and inspection agency. Improving coherence of these organizations will become an important support for our businesses. Last year the UN Economic and Social Council conducted a survey on Mongolia’s legal environment and technical condition of online trade. It is concluded that legal environment for online trade has not been created in Mongolia. They advised to adopt laws on online trading and information security urgently and to join an agreement on regional cross-border paperless trade. It is possible to upgrade legislation and technical environment of online trading using opportunities of regional multiparty agreements."

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Petro Matad Begins Testing Operations At Heron-1 Well In Mongolia www.lse.co.uk

(Alliance News) - Petro Matad Ltd on Thursday said it has started testing operations at the Heron-1 well in the north of block XX, eastern Mongolia.

The oil explorer said the testing operations on Heron-1 are expected to be completed during October.

The DQE testing rig No. 1 has been mobilised from block XIX to the Heron-1 location and rigged up, Petro Matad said, and testing operations have now commenced. If required, the company said reservoir stimulation equipment is in block XIX and is readily available.

Petro Matad shares were trading 6.1% higher on Thursday in London at 4.72 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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World Plus digital magazine platform launches in Japan www.news.mn

Ulaanbaatar /MONTSAME/. A soft launch of World Plus (W+), an innovative and truly digital magazine publishing platform produced by a team of Mongolian developers of the World Plus International, Inc, was held in Tokyo, Japan on October 2.

The application delivers an interactive reading experience of the most popular magazines from around the world in six different languages, Mongolian, English, Japanese, Chinese, Malay and Indonesian.

While reading magazines or articles, the users are able enjoy new innovative ways to read magazines, by watching high resolution sneak peeks of cover interviews, photo shoots, how-to videos, trailers, clips, listening to high-quality and non-stop streaming music and visiting online stores offered by publishers and advertisers.

More than 78 magazines and journals have already joined the World Plus digital magazine platform, such as Cosmopolitan, Marie Claire, Harper's Bazaar, Esquire, Men's Folio, Asian scientist, Torque, HWM, The Peak, Home decor, Shape, CLEO Malaysia, Forbes Mongolia, Niislel Guide, Asia Mining and so on.

Founders of the application emphasized that the World Plus gives a chance to keep pace with global intellectual advancements regardless of the location. The app developers, who recently hosted a launch event of the World Plus app in Singapore, have set a goal to bring 500 best and well-known magazines in 10 languages into their platform and to have five million users in the near future. The World Plus app is available for download on iOS and Android.

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Embassy of the Czech Republic in Mongolia seeking Proposals for Small Scale Development Cooperation Projects 2020 www.fundsforngos.org

The Embassy of the Czech Republic in Mongolia is currently accepting proposals for the Small Scale Projects (SSP) with the realization period between March 2020 and October 2020.

The Small Scale Projects (SSP) is one of the instruments of the development cooperation of the Czech Republic. SSP are identified by the respective Embassies of the Czech Republic (through applications submitted by potential implementers) and approved by headquarters of the Ministry of Foreign Affairs (MFA). SSP aims to contribute to the local subject by small-scale development activities in accordance with the beneficiary country´s national development priorities.

Funding Information

The funding of the Czech side could contribute for a single SSP is 200 000-500 000 CZK (approximately 22,500,000– 56,000,000 MNT).

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Specification

Implementer of the SSP is a local subject with legal personality in the country of the project.
Implementer must be eligible to sign contract with MFA CZ that establishes jurisdiction of Czech laws and Czech courts.
It is desirable that the implementer would cooperate with Czech subjects, e.g. would purchase Czech products, use Czech know-how etc.
Czech financial contribution for the project is 200,000 CZK – 500,000 CZK (co-financing from other sources is arbitrary and desirable) and the total cost of salary/fee, subsistence allowance, accommodation, travel cost and eventual insurance and vaccination of the experts must not exceed 25 % of the project´s total costs.
Funds are allocated to non-political and non-governmental group only.
Submitted proposals can be changed based on the notice from the Embassy until the deadline set by the Embassy.
Implementation

Implementation of the project can be started only after signing the contract.
Project implementation must not exceed 31st October of the relevant year (project billing must also be done by this date).
SSP does not include the payment of the implementer´s administrative costs.
The financial amount approved for the implementation of the SSP in CZK is also binding for the conversion into foreign currency.
One of the crucial condition is a project sustainability (meaning the project would be able to run in a future without further financial support).
Tangible assets of the project should be marked with a logo of the Czech development cooperation. In the case of project´s intangible assets, it is always necessary to mention the financial support of the Czech development cooperation.
The transfer of funds between items in the approved identification form must be justified in writing to Embassy and described in the final report.
How to Apply

The SSP proposal includes an identification form in English (Enclosure: Identification Form), which must be duly completed in all boxes and stamped and signed by the competent person.
The SSP proposals have to be submitted to the Embassy of the Czech Republic in Mongolia in paper and also electronic version via email at the address given on the website.

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MBCCI’s “Doing business with Mongolia” seminar and business program. Dec 15- 20 2019. London UK www.mongolianbusinessdatabase.com

Mongolian Business Database with the support of the British Embassy in UB and Mongolian-British Chamber of Commerce is starting to register the participant for “MBCCI’s Doing Business with Mongolia” seminar in London on Dec 16 Monday at House of Commons and business program.

During the program a delegates will visit the House of Commons by the special invitation of Mr.John Grogan, MP of UK and the Chairman of Mongolian-British Chamber of Commerce and will have an opportunity to visit Olympia Horse Show (OHS), Royal Kingston Christmas Fair, The London Textile Fair (TLTF), London Model Engineering Exhibition (LMEE), Adventure Travel Show etc trade shows in London.

The MBCC is a not-for-profit membership organisation established in 2009 to foster strong business links between Mongolia and the UK. It aims to provide a professional and social environment for business people who wish to be introduced to, and become part of, the British-Mongolian business culture and community.

Please review the information in details on the following link and contact at contact@mongolianbusinessdatabase.com or/and 976 99066062 for the registration and related inquiry
http://mongolianbusinessdatabase.com/base/eventsdetails…
THE REGISTRATION WILL CLOSE ON OCT 11.2019

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Russia renews interest in Mongolia to counter Chinese influence www.asia.nikkei.com

MOSCOW -- Russia is rebuilding financial and military ties with Mongolia, partly to create new opportunities in Asia but also to counter Beijing's growing influence in the country.

A sign of this came in September, when Moscow announced it would set up a $1.5 billion investment fund to finance infrastructure projects in Mongolia

According to the Mongolian Customs General Administration, trade between Russia and Mongolia reached $1.8 billion in 2018 -- a nearly 40% increase from the preceding year.

Almost three decades on from the collapse of the Soviet Union, Russia is finding particular success in reaffirming its role as Mongolia's primary energy supplier. Following a series of agreements signed in 2014, Russia's share of the Mongolian oil market rose to 80%. At the St. Petersburg Economic Forum last year, Russian state oil company Rosneft signed $2.1 billion worth of contracts with several Mongolian importers.

The impetus for Russia's return gained new momentum in 2014, when Western sanctions over the annexation of Crimea prompted Kremlin's pivot to the east. Some Russian officials began to speak of rebuilding ties with Mongolia as a means of increasing economic access to the rest of Asia, describing the country as a key transit corridor.

Russia and Mongolia are also cooperating more in the security realm, with the latter joining Russia and China last September for Vostok 2018 -- the largest military exercise since the end of the Cold War. In August, Mongolia hosted about 1,000 Russian troops for the annual Selenga joint drills.

During his most recent visit to Mongolia in early September, Russian President Vladimir Putin and Mongolian President Khaltmaagiin Battulga signed the Treaty on Friendship and Strategic Partnership.

Putin later backed Mongolia's offer to build a gas pipeline to China through its territory, after which the president summoned Alexei Miller, CEO of state-controlled energy giant Gazprom, to the Kremlin in September to flesh out plans for the new pipeline.

"Please, look into the resources of Yamal [Peninsula] as well, in order to gather the necessary resources for supplies via the western route to China via Mongolia," Putin told Miller at a meeting, adding that China also favored the route.

China is at the forefront of Russian economic thinking as regards Mongolia. Russian analysts note that Mongolia represented the most attractive route for delivering natural resources to China.

Artyom Lukin, deputy director for research at Far Eastern Federal University, stated that running Russia's Power of Siberia pipeline to China via Mongolia would be easier and cheaper than constructing it across the Altai Mountains as originally planned.

He added that a Mongolian route was also preferable because it would "bring Russian gas straight to the heart of China, instead of its northwestern regions that don't need it all that much."

Alexei Maslov, a professor at the National Research University Higher School of Economics, pointed to Mongolia as "the quickest land transit for the delivery of Russian agricultural products to China." He noted that transporting goods from Russia's Far Eastern regions through Mongolia would only take three to four days to reach China, whereas other routes could take considerably longer.

At the same time, Russian experts interviewed by the Nikkei Asian Review admitted that Moscow had serious concerns about Beijing's growing economic clout in Mongolia, viewing it as a potential long-term threat. They explained that balancing China's influence is a major priority for the Kremlin.

Lukin predicted that if Russia loses too much ground to China, it could find its "Siberian underbelly" vulnerable in several decades. He noted that while Beijing recognizes Mongolia's independence, that could change if Chinese nationalism continues to rise.

"Moscow understands that we cannot exert economic influence in Mongolia that is greater than China's or even on the same level as it -- that is absolutely unrealistic. But we must maintain a minimal presence in Mongolia," Lukin said.

Maslov warned that if China absorbs Mongolia into its economic orbit, Russia could find itself even more economically dependent on Beijing than it already is. "If Mongolia falls under Chinese economic control, then 70% of Russia's border will be with China, making us more economically dependent on them," he said.

Nevertheless, Mongolia is unlikely to derail the burgeoning Sino-Russian partnership anytime soon. As Lukin told Nikkei, Moscow and Beijing have far more pressing geopolitical concerns than dominance in Mongolia.

"Two strategic partners are not interested in butting heads over Mongolia, if for no other reason than that they have a much more important common goal: resisting the United States."

Soviet Russia played a pivotal role in forming modern Mongolia. The Soviet Union helped secure Mongolia's independence from China in 1921 and subsequently took on the role of Ulaanbaatar's patron. Relations between the countries were so tight that Russian elites often referred to Mongolia as "the 16th Soviet Republic" because of its political and cultural deference to Moscow.

Following the collapse of the Soviet Union, however, Russia's influence in Mongolia rapidly diminished. Trade between Russia and Mongolia fell by nearly 80% during the 1990s, as Western and Chinese companies moved to fill the gap once occupied by Moscow. Younger Mongolians increasingly chose English as a second language instead of Russian.

Sergey Radchenko, director of research at Cardiff University School of Law & Politics, explained that Russia's decline in Mongolia could be primarily explained by the decision by former Russian President Boris Yeltsin to spurn former client states like Mongolia in favor of the West.

"It was not that Mongolia lost interest in being part of the Russian orbit, but that Russia no longer had an interest in Mongolia and felt that it was a burden economically. Maintaining a close relationship with it no longer made strategic sense," he said.

Now, with the rise of China as the region's leading economic and military power, Russia is eager to bolster its standing with the country that borders each.

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World Bank and Save the Children Japan Launch Grant-funded Project to Open Up Opportunities for Rural Youth www.worldbank.org

Save the Children Japan (SCJ) and the World Bank today announced the launch of a US$2.75 million grant for a project to support vulnerable youth in rural Mongolia. The project—funded by the Government of Japan under the Japan Social Development Fund and managed by the World Bank—will help youth in disadvantaged rural communities gain the skills and competencies needed for success in school and in the labor market.

Despite increased educational attainment in Mongolia, vulnerable youth in rural areas who are at risk of or have already dropped out of school continue to face challenges entering the labor market. This happens both due to limited job opportunities, as well as their lack of the technical and socioemotional skills needed for successful careers and self-employment. Socioemotional skills include self-management, goal orientation, personal responsibility, and decision-making. The project will address these gaps by improving the quality and relevance of training for rural youth through a school-based, community-driven program focused on fostering entrepreneurship and facilitating better linkages between youth and potential markets and industries.

“By offering training and the opportunity to practice what they have learned in classrooms, the project will help rural youth improve their academic performance and enhance their future career prospects by preparing them for a labor market,” said Andrei Mikhnev, World Bank Country Manager for Mongolia.

With support from the World Bank, SCJ will implement the project in 25 of Mongolia’s poorest rural districts across five provinces targeting at least 6,000 in-school and out-of-school rural youth. In addition, a small grant scheme will enable the youth who complete the course to apply the acquired skills by harnessing unexploited local business and community needs. Furthermore, the project will help strengthen the policy environment that supports entrepreneurship education through evidence-based advocacy and public outreach campaigns.

Contacts:

In Ulaanbaatar: Indra Baatarkhuu, +976 7007 8207, ibaatarkhuu@worldbank.org

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