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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Mongolia to be involved in Child Protection Compact Partnership www.montsame.mn

Ulaanbaatar /MONTSAME/ Director General of the Consulate Department of the Ministry of Foreign Affairs L.Munkhtushig and Deputy Director of MFA’s Department for Americas, Africa and Middle-East D.Ganbold yesterday met with delegates led by Ms. Jane Sigmon, Senior Advisor to the Director of the U.S. State Department’s Office to Monitor and Combat Trafficking in Persons.

Mongolia is to be involved in a Child Protection Compact (CPC) Partnership, which is one of assistance programs provided by the U.S. to other countries, and the sides exchanged views on establishing the compact partnership.

A CPC Partnership is significant to intensify efforts and improve coherence between the Government of Mongolia and civil society organizations that are combating child trafficking and resolving issues related to it. By involving in the compact partnership, financing of USD 5 million is available to be granted within U.S. assistance for combating human trafficking for the activities and efforts to protect children and combating child trafficking in Mongolia.

The United States signed the first CPC Partnership with Ghanaian Government in 2015 and since then the partnership has been established with Philippines, Peru and Jamaica.

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Very early snow expected in Mongolia www.news.mn

Early snow is expected in the mountainous areas of Mongolia later this month. For most parts of Mongolia, rain has been forecast for 28-31 August.

According to S.Enkhtuvshin, Head of the National Agency for Meteorology and Environment Monitoring of Mongolia, there was much more than average rainfall in late July and early August.

A total of 108-181 mm fell in Selenge, Dakhan-Uul, Tuv, Khentii, the northern parts of Bulgan, the eastern parts of Khuvsgul, the border region between Arkhangai and Uvurkhangai Provinces as well as in Ulaanbaatar itself.

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Russia to build €2bn bridge as part of route linking Europe & Western China www.rt.com

Authorities in Russia’s Samara Region are ready to begin construction of a 4km-long (2.5 miles) bridge across the Volga; it is the first part of an ambitious international traffic corridor linking Europe with Western China.
The bridge will cost 120.8 billion rubles (€1.6 billion or $1.8 billion), according to the latest version of the construction agreement.

Half of that sum will be allocated as a capital grant from the regional budget, the rest of the financing will be raised by the investor, Obkhod Togliatti (Togliatti bypass). The bridge will be part of the new highway linking Moscow and Kazan, the capital of Russia’s Tatarstan republic.

The new road will greatly reduce travel time from Moscow to Kazan, as well as to another large city in Central Russia – Samara – from the current 16 to 8 hours, project papers state.

Construction is set to begin later this year, and the bridge is scheduled to become operational by 2024. It is thought it could be built by the Mostotrest company, which is owned by Russian billionaire Arkady Rotenberg, but that information has not yet been confirmed by authorities.

In total, the project will involve building 96km (60 miles) of road and 3.75km (2.4 miles) of the bridge. The project is part of the Europe-Western China international transport corridor, commissioned by President Vladimir Putin.

Investors plan to charge a motorway toll, with payments ranging from 200 rubles ($3), for cars less than two meters high, and up to 1,200 rubles ($18.20) for vehicles taller than 2.6 meters depending on the number of axles.

The new bridge will eventually take the baton from the Crimea Bridge to become Russia’s most ambitious infrastructure project. The arterial route linking the Crimean Peninsula with mainland Russia had its first train line completed last month, while the motorway part of it has been operational since May. At 19km long (11.9 miles), the Crimean Bridge is the longest in Europe.

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President attends AmCham monthly meeting www.zgm.mn

The President of Mongolia Battulga Khaltmaa delivered the keynote speech for the August monthly meeting of the American Chamber of Commerce (AmCham) in Mongolia. The President stated that parliamentary elections can pose unstable political conditions, which negatively affect entrepreneurs and investors.

Mr. Battulga also affirmed that he is looking forward to expanding economic cooperation with the U.S, Mongolia’s new Strategic Partner. Currently, total trade turnover is only at 1.7 percent for Mongolia and noted that a roadmap for economic expansion of the strategic partnership should be created. He further stated that Mongolia lacks standardized technologies and investments and that he hopes AmCham Mongolia will implement some projects to address these issues.

“The United States is our third neighbor, an important political and economic partner for us. The development of trade and investment cooperation with the United States is highly important to Mongolia. As you know, I have made an official meeting with President Donald Trump at the White House and announced that the relations between our two countries reached the “Strategic Partnership” level. Currently, there are five to 10 projects that are ready to be implemented, which will be supported by the government and approved by Parliament,” the President said.

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MSE holds open event to demonstrate capital market knowledge www.zgm.mn

In order to improve capital market knowledge of rural citizens, Mongolian Stock Exchange (MSE) JSC organized ‘Capital Markets Open Day’ event in Arkhangai and Khuvsgul provinces on August 19-24, 2019 in cooperation with Mongolian Central Securities Depository, Erdenes Tavantolgoi JSC and Goodsec LLC.

During the event, the training covering basic capital market concepts and the ways to participate in the market through investing and capital-raising were provided to local citizens and corporates.

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Total revenue of top companies raises www.zgm.mn

The total net profit of the top 12 largest companies which lead the top 20 Index by trading volume and activity reached MNT 52 billion. For example, LendMN NBFI JSC’s net profit doubled and totaled MNT 2.5 billion. As of August, 80 of 200 MSE-listed companies have announced their financial results for the first half of 2019.

Tavantolgoi JSC accounted for 44 percent of the top 20 index’s total revenue. The company’s net profit increased 19 percent, to MNT 23 billion compared to the same period of last year. Sales revenue of the company reached MNT 123.7 billion, increasing by 36.7 percent as the coal price and exports were stable. SUU JSC, one of the main players in the food sector, also increased its net profit by 71 percent, to MNT 4.79 billion.

However, some companies’ net profit did not grow but the sales revenue rose. Gobi JSC, one of the biggest companies in the cashmere industry, saw a growth. The company’s sales revenue increased by 23 percent, to MNT 68.3 billion. Gobi is planning to expand its operation into several global markets.

In addition, APU JSC’s sales revenue increased by 2.8 percent, to MNT 102.3 billion, even though the company’s income has decreased. As the expense of the company rose by MNT 12.25 billion, profit shrunk.

Although the profitability of the companies is different, an increase in sales revenue has resulted in the semi-annual reports.

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Mid-term assessment on ‘Whole Liver-Mongolia’ national program ongoing www.montsame.mn

Ulaanbaatar /MONTSAME/. The mid-term assessment of the national program, ‘Whole Liver-Mongolia’, is jointly being done by the Ministry of Health and the World Health Organization. In the framework of the assessment, corresponding officials of the ministry, WHO and the National Center for Noncommunicable Diseases worked at the National Blood Center, and did assessments on three issues: ‘Safety of blood and blood products, storage, infection control, sterilization and disinfection, and waste’, ‘Laboratory operations’, and ‘Immunization, prevention after infection, donor training and promotion’.

The assessment was conducted by WHO consultant, Dr. Yuka Jinnai, specialist at the Ministry of Health S.Enkhjin, specialist at the WHO Mongolia Office P.Anuzaya and specialist at the National Center for Noncommunicable Diseases.

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Facial recognition specialist Megvii plans share sale www.bbc.com

A leading Chinese facial recognition provider has filed papers for a listing on Hong Kong's stock exchange.

Megvii - the maker of the Face++ system - is one of the country's best known artificial intelligence (AI) companies.

Earlier this year, a Western study suggested its face-checking tech was more accurate than rival systems from Amazon and IBM.

But it comes at a time when campaigners are voicing concerns about facial recognition's use for surveillance.

There have also been reports that the White House has considered adding Megvii to a trade blacklist that would prevent it making use of US-origin software and components.

Face maps
Face++ has been used in consumer-focused hardware, including:

smartphones made by Huawei, Xiaomi and Vivo
laptops made by Lenovo
Didi Chuxing's ride-hailing app to let passengers check the driver's identity
"smile-to-pay" terminals tested within KFC restaurants by Alibaba
the Chinese dating website Jiayuan, which offered a way to automatically find faces a user was likely to be attracted to based on their preferences
But it says that most of its current revenue comes from "smart city" applications, which include facial recognition and other "security management" tasks at workplaces, educational institutions and major events.

It has also been reported that the Beijing-based firm's tech has been used to help make thousands of arrests in China, and has been pitched to police departments in other countries.

The technology works by first detecting human faces in an image.

Then it creates a pattern determined by where a person's eyes, lips, chin and up to 1,000 other key features are located.

It can then check whether the pattern matches that of a device's owner, or cross-reference it against a wider database containing facial maps for an "unlimited" number of people provided by the client in order to identify a subject or flag if they appear similar to someone on a watch list.

In addition to being able to carry out face searches, the firm says its technology can also be used to detect emotions, provide beauty scores, track eye-gaze and body gestures, and evaluate the health status of a person's skin.

Most recently the company announced a tie-up with an Austrian firm, Ams, to start offering 3D-depth sensing facial recognition.

In addition, it has released Hetu - an operating system for warehouse robots - which it says is already being used by Alibaba's Tmall subsidiary.

The firm has said that part of the proceeds of the stock sale would be used to fund further research.

It booked a 3.35bn yuan ($468m; £383m) loss in its last financial year, and a further 5.2bn yuan loss for the first six months of this year.

But its area of expertise makes it a flag-bearer for the Chinese government's ambition to overtake the US and become the leading AI innovator by 2030.

It was valued as being worth about $4bn in May.

Toppled lamppost
Megvii has not publicly disclosed how much it intends to raise, but the Reuters news agency reported that the flotation was aimed at raising between $500m to $1bn (£410m to £820m).

The firm's Chinese-language prospectus does, however, spell out a long list of possible risk factors including:

further US-China tariffs or even an all-out "trade war"
the possibility of the US imposing "severe restrictions" on its business partners, in a similar manner to those already faced by Huawei
the "uncertainty of the Chinese legal system", which can make it difficult to be sure of being in compliance with the country's rules
Furthermore it adds that it could be damaged by "rumours" about the abuse of its AI technology.

This has been interpreted by some to reference the fact that earlier this year, Human Rights Watch claimed to have evidence that Face++ was being used as part of efforts to repress Uighur Muslims in China. The campaign rights group subsequently retracted the allegation and issued a correction.

Megvii also faces the fact that facial recognition is becoming an increasingly controversial subject.

In Hong Kong itself, protesters have demanded the removal of so-called smart lampposts over fears they could be used to carry out facial ID checks. Last weekend, footage was shared on social media of one such structure being cut down with an electric saw.

The Financial Times has reported that the EU plans new regulations to restrict use of facial recognition and make sure citizens are notified when it has been deployed, despite the fact the topic was already addressed in the recently-introduced General Data Protection Regulation (GDPR).

And in the US, three cities have banned federal agencies from using the tech, while politicians in the Senate and Congress are considering new laws to curtail its use by government and commercial bodies.

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African footballers stranded around the world with crushed dreams www.aljazeera.com

Lagos, Nigeria - In Ulaanbaatar, the Mongolian capital, Moshood Afolabi, a 24-year-old aspiring Nigerian footballer, is stranded.

As an undocumented migrant, he has lost the occasional construction work that helped offset his rent of a shared apartment and internet bill.

He arrived in Mongolia on May 10 last year in search of a football career, with the help of an "agent", at second-tier outfit Khovd Western FC, intending to use the east Asian country as a stepping stone to Europe.

"I didn't plan to get to Mongolia because I planned to go to the UK [or another European country]," he told Al Jazeera by phone.

Afolabi's agent lived near his home in Osogbo, in the southwestern Nigerian state of Osun. According to him the agent ran his agency scheme on the side, as he maintained an active football career.

"I know [the agent] from the street and helped him for [18 months]. From 2017, I helped his family, did some house chores, cut the grass around the compound. He used to send me out to buy some things. Sometimes I washed his car," said Afolabi.

After an unsuccessful attempt to get him signed in Mozambique, the agent presented him with a chance to play in Mongolia, taking $1,600 from him for travel and visa expenses.

For every Didier Drogba and Samuel Eto'o story, there is always the story of this young man. I've seen players who have been abandoned. Some in Europe.
SHINA OKELEJI, BBC SPORTS JOURNALIST

"I'm not doing anything right now," Afolabi said of his football ambitions. "Just training, and returning home because, without a visa, I cannot work."

Most of the promises made by the shady agent were not fulfilled, including extending his visa, which expired a month into his stay.

He was also told he would receive a monthly salary of $200, a sum that never emerged.

With a closer look at his contract, which was drafted in Mongolian Cyrillic, it stated that he was only entitled to shelter, food and a small income from a second job for other basic needs.

"We met the club president [but] the contract was written in [the] Mongolian language," he said.
Afolabi called his agent to complain, but the response was unhelpful.

"He told me that the Mongolians don't understand English, that's why they wrote it in their language."

The football club provided him with a second job, cleaning dishes at a local restaurant.

But that job and his accommodation ended when the contract was terminated and the season closed in August last year.

With just $150 in cash in his pocket, he tried to contact his agent but discovered he had fled the country and blocked him on WhatsApp and Facebook, the only means of communication between them.

Football Africa
Young footballers at Footballers Connect 2.0, a Nigerian initiative launched by Lagos-based sports management company Hay Sports, which concentrates on education and fostering safe networks [Courtesy of Footballers Connect ]
Abdelrahman Kurdieh, an American coach-turned-agent, said he has heard of many similar tales - hopeful African footballers being spun a tale, ultimately robbed of money, lured away from home, and abandoned in a new country with their sporting dreams left in tatters.

Six years ago, he established Al Nisr FC, a now-defunct amateur club in Dubai, with a collection of African players who were victims of football trafficking.

"The biggest problem here, really, is education," he told Al Jazeera.

Shady agents have mastered the art of "selling lies", he said, meaning the footballers and their families do "crazy things, from taking bank loans, selling businesses and land to basically going bankrupt.

"[Agents] come up with fake invitations that they sell to these families. They put the logo of these clubs and add some very convincing terminology."

In a bid to try and catch one of these agents, a former Nigerian youth footballer who used his status to scam young men, Kurdieh said one Al Nisr player was encouraged to make an official complaint to the police.

"But it didn't really work. I don't think any were arrested as most operated from inside Nigeria anyway," he explained.

"Even though my club in Dubai doesn't run again, I still get contacted to help [stranded players]."

In Afolabi's case, his agent allegedly digitally altered his invitation, which Al Jazeera has seen.

His father and maternal grandfather footed the $1,600-travelling expenses bill, after selling off two plots of land.

Now living without a visa, Afolabi said interest from three other clubs has not led anywhere, even after his pleas to the Mongolian Football Federation.

"[The clubs] took me to the Federation, they insisted I should get my visa before I can play. Because of the tourist visa, I can't get a visa here until I return to Nigeria."

Afolabi sought help at the United Nations base in Ulaanbaatar last month but was asked to visit Mongolia's immigration department - a move he fears would lead to his imprisonment.

Overstaying a tourist visa in Mongolia incurs a $2-a-day penalty, meaning Afolabi now owes about $1,000.

There is no Nigerian embassy in Mongolia; his only option is to continue to appeal to the clubs that have shown interest and ask them to communicate with the immigration department on his behalf.

It is not clear exactly how many hopeful African players are stranded across the world but according to some estimates, the number is in the thousands.

In 2017, there was an influx of more than 100 African talents to Nepal, a south Asian country known least for football.

British media reported that an estimated 15,000 players are trafficked to Europe annually.

In Russia, there are at least dozens of cases.

"Our players need a lot of education," Mojeed Adegbindin, a board member at Lagos State Football Association, told Al Jazeera.

"Maybe because of the economic impact of the country, even when you talk about a country as close as [the] Benin Republic or Togo, they're ready to go out and play."

I'm happy for my country seeing many young players perform well but for me, I was sad. I had dreamed of playing for the national team and playing in Europe, for Chelsea and Real Madrid.
MOSHOOD AFOLABI, ASPIRING NIGERIAN FOOTBALLER

In the Nigeria Professional Football League, the country's top-flight division and one of the continent's most popular leagues, a footballer earns a minimum 150,000 naira ($415) a month. This is not competitive and several players say they are owed many months' salary, while benefits are reportedly poor.

Regardless of where they go, Beverley Agbakoba Onyejianya, a Nigerian lawyer specialised in sports and entertainment, said: "Every footballer must have a legal adviser."

But because of the stigma it carries, victims fear being judged or ridiculed and often do not report their cases to police.

BBC sports journalist Shina Okeleji said: "For every Didier Drogba and Samuel Eto'o story, there is always the story of this young man.

"I've seen players who have been abandoned. Some in Europe. This story would not end until we control the source. If you don't fix the source, you only fix one."

Tackling shady agents
The Football Intermediaries Association of Nigeria (FIAN), a regulatory body, is among the organisations attempting to stop unregistered agents by reporting them to authorities.

"We'll publish their names [in national newspapers] and we're also embarking on [grassroots] awareness," said Ayodele Thomas, FIAN chairman.

"We're talking to embassies all over Nigeria to ensure that for any player to be given a visa, they must request an association letter backing that application."

Meanwhile, Footballers Connect, a Nigerian initiative launched by Lagos-based sports management company Hay Sports, is concentrating on education and fostering safe networks.

Amos Joseph, who leads the scheme, said it aims to "bridge the wide gap between up and coming footballers, professionals and ex-internationals, and relative industries."

At a recent Footballers Connect meeting in Lagos, John Ogu, a midfielder for the Nigeria national team, said: "Young players should be wary of bad agents who are only concerned about money and not the development of the player."

Ogu won a series of accolades during a five-year stint in Israel and was part of the Super Eagles squad that scored bronze at the 2019 Africa Cup of Nations in Egypt.

Back in Mongolia, Afolabi said: "I'm happy for my country seeing many young players perform well [at the Afcon] but for me, I was sad. [I had dreamed of] playing for the national team and playing in Europe, for Chelsea and Real Madrid."

SOURCE: AL JAZEERA NEWS

 
 
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BoM to issue mortgage loan until 2020 www.zgm.mn

The Bank of Mongolia (BoM) has been continuing to dispense mortgage funding for two years, considering the social significance of the mortgage lending program. The program will be implemented jointly with the government until 2020. According to this agreement, the BoM shall finance the fund from its bonds guaranteed by its credit until 2019.

As of August, funding worth MNT 283 billion has been given to 4,000 lenders for mortgage loans from three different sources.

The three sources, including the central bank, government, and other banks, are providing the mortgage funds with MNT 36 billion per month. A total of MNT 430 billion will be allocated tothe fund in 2019. In specific, the BoM issues MNT 16 billion from its bond revenue each month. The government also provides funding to loan from the state budget and other banks issue at least 10 billion of its reserves.

The participation of banks is the biggest improvement of the year. As a result, total funding will increase to MNT 145 billion, and the number of borrowers will be doubled.

Banks that meet the requirements of the agreement between the BoM and the Government will be eligible for the program. Currently, the funding is being granted through the Trade and Development Bank, Khan Bank, Golomt Bank, State Bank, Xac Bank, Capitron Bank, Chinggis Khan Bank, Ulaanbaatar City Bank, and Bogd Bank.

Despite the increase in overall program funding, loans total of MNT 130 billion has been pending. This amount exceeded MNT 200 billion at the beginning of the year.

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