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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Kim Byoung Joon Ledas Varicose Vein Clinic enters Mongolia www.www.koreabiomed.com

Kim Byoung Joon Ledas Varicose Vein Clinic, specializing in varicose veins in Busan, said it would enter the Mongolian market.

The clinic signed a memorandum of understanding (MOU) to provide international medical care and build cooperative relations with two Mongolian medical institutions, one education agency, and one medical tourism company in Ulaanbaatar, Mongolia, Thursday.

The Korean clinic said the latest MOU would elevate its existing relations with Mongolian institutions to a strategic partnership to collaborate with them for joint overseas business.

Mongolia is one of the targets to bring international patients for medical institutions in Busan, according to Kim Byoung Joon Ledas Varicose Vein Clinic. The increased flights connecting Seoul and Ulaanbaatar shows that Mongolia is the blue ocean for Korean hospitals’ overseas business, the clinic said.

“By building a strategic partnership with medical institutions in Mogolia, we will keep expanding our presence in the overseas medical market,” said Kim Byoung-joon, director of the clinic.

Kim Byoung Joon Ledas Varicose Vein Clinic will expand overseas business not only in Mongolia but around the world, and seek a joint business opportunity with local companies to vitalize the local economy and create jobs, he added.

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Two-day Boao Forum for Asia conference underway in Ulaanbaatar www.montsame.mn

Mongolia is one of the initiators of the Boao Forum for Asia, an important platform for the discussion of development and economic issues of Asia. The conference, hosted by Mongolia, is continuing at the Shangri-La Hotel in Ulaanbaatar. Prime Minister of Mongolia U.Khurelsukh delivered opening remarks.

In his speech, he said, “Mongolia holds aspiration to actively partake in the activities of the Boao Forum for Asia, aimed at deepening economic-related information sharing and inter-correlated actions among Asian countries. Furthermore, Mongolia is hosting the event within the framework of the 70th anniversary of the diplomatic relations between Mongolia and China.”

Minister of Foreign Affairs D.Tsogtbaatar, Chairman of Boao Forum for Asia Ban Ki-moon, Executive Secretary of the UN ESCAP Armida Salsiah Alisjahbana, Secretary-General of BFA Li Baodong and other delegates delivered remarks at the opening ceremony. The conference with a theme “Concerted Action for Common Development in the New Era” has brought together around 300 public and private delegations from more than 10 countries, such as Mongolia, China, South Korea, and Pakistan. The interactive parallel discussions will be held under topics such as, “Investment and business opportunities of Mongolia”, “New direction: Aligning with ‘Belt and Road’ & ‘Development Road’”, “Connectivity: Expanding horizons into regional cooperation”, and “Common goal: Green development”.

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Mongolian woman appointed Director of the Board of Canadian mining company www.news.mn

Five Star Diamonds Ltd, formerly Turquoise Capital Corp, announced the appointment of Ms G.Solongo to the Company’s Board as a Director.

Ms G.Solongo is a Mongolian national with considerable experience in the resources sector across a range of commodities including copper, gold, coal, iron and hydrocarbons. G.Solongo is an executive at boutique Mongolian investment firm Garrison Capital Development (GCD).

GCD is an established and successful venture capital firm that specializes in marketing and acquiring exploration and development assets, in the resource sector, and managing these assets through the developmental stages onto production. Ms G.Solongo currently acts as an advisor and executive assistant to the Chairman of Steppe Gold, a Mongolian precious metals company listed on the TSX.

Prior to joining GCD, Ms G.Solongo was Head of Property Management at Mongolian Properties LLC. Mongolian Properties LLC is one of the leading real estate developers in Mongolia. Ms G.Solongo graduated from Columbia College in Denver, Colorado with a Bachelor of Science in Business Administration and is fluent in English. (GlobeNewswire)

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Controversial trail of Mongolia’s former spy master www.news.mn

The trial of nine people including B.Khurts, the controversial former director of Mongolian’s General Intelligence Agency (GIA) and former Attorney General G.Erdenebat concluded on 19 August at the Tuv Province Criminal Court after six days of hearings. However, the judges ruled to return the case to the prosecution due to insufficient evidence.

B.Khurts was taken to the 461st Detention Centre on 23 April. The ex-spy-chief has been accused of breaching the laws on intelligence procedures by using torture to obtain confessions from defendants of the much-publicised murder case of the politician S.Zorig. The former spy-master had also been involved in a covert operation to capture a Mongolian dissident living in France and forcibly bring him home. The victim of Mongolia’s only known case of ‘rendition’ allegedly died under interrogation.

Following an investigation lasting two decades – in which there have been accusations of cover-ups and during which numerous people, including the victim’s wife, have been detained – Ts.Amgalanbaatar and two others were sentenced to 24-25 years in prison for the murder of S.Zorig. who one of the heroes of Mongolia’s peaceful transition to democracy and a likely future prime-minister The murder case was transferred to the Criminal Police Department from Independent Authority of Anti-Corruption due to the lack of human resources on 19 March.

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Ban Ki-moon: international cooperation involving Mongolia expanding www.news.mn

Earlier yesterday (20 August) Ban Ki-moon, Chairman of the Boao Forum for Asia and former Secretary-General of the United Nations, delivered the keynote speech at the BFA Ulaanbaatar Conference. The event, which is being organised in Mongolia for the first time, started on 19 August and will finish tomorrow.

Ban Ki-moon noted that the economies of landlocked and developing countries have been growing. In the case of Mongolia, this is bolstered by investments, as well as increasing export and imports. International cooperation involving Mongolia, China, South Korea and Japan has been expanded and developing – all of which is important to the wider economic growth of the region. In addition, the economic corridors between Mongolia, Russia and China are helping to expand cooperation and to deepen relations.

The Ulaanbaatar Conference is being held around the theme of “Concerted Action for Common Development in the New Era”; this is the overarching theme of the BFA’s overseas conferences.

Also, Li Baodong, Secretary-General of the BFA, Xing Haiming, Chinese Ambassador to Mongolia, Armida Salsiah Alisjahbana, Executive Secretary of the UN ESCAP, B.Bayanjargal, Chairman, of The Business Council of Mongolia, and Meng Xiaosu, Vice-President, China International Council for the Promotion of Multinational Corporations, are attending and addressing the conference.

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Construction industry capacity to be increased four times in coming decade www.montsame.mn

Ulaanbaatar /MONTSAME/. It has been calculated that thanks to effective implementation of the state policy on construction sector in three stages, the current capacity of the industry is likely to grow 1.38 times in 2020, 2.6 times in 2025 and 3.9 times in 2028.

Within the framework of the midterm policy to develop construction sector till 2029, 25 activities with 8 objectives will be carried out in three stages, such as “Period to stabilize the construction sector”, “Starting point for active development” and “Period to develop at a level of developed countries”. Also, more than 400 construction norms and regulations and 600 standards will be renewed in the next ten years, bringing about a fourfold increase of the construction sector capacity.

The aforementioned document approved by the government in 2019, which defines the leading directions of science and innovation in the sector, reflects goals to establish a scientific research center and introduce advanced methods, such as consulting service, project administration, and a complex database and international treaties concerning the construction industry.

The construction ministry noted that the midterm policy of the construction sector would ensure continuity of government actions and create a favorable environment to provide research-based policy and to achieve a success in the environmental, economic and social development of the country.

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No meat exports and import during harvest to ensure stable food supply www.montsame.mn

Ulaanbaatar /MONTSAME/. This year, a total of 361 thousand ha of land was sown, according to Ch.Ulaan, Minister of Food, Agriculture and Light Industry. Crop harvests in Bulgan, Khuvsgul, Orkhon, Arkhangai and Selenge aimags are predicted to be normal as planned. However, in some regions, including Tuv, Darkhan-Uul, Dornod, Khentii, Uvurkhangai and Uvs aimags and northern part Selenge aimag, harvests are likely to decline due to droughts and overheating.

He further reported that to date, there is no livestock infectious diseases and zoonoses were reported. In order to maintain stable food supply, the government has decided to impose temporary export and import restrictions on strategic food, which includes heat-treated meat and meat products during this harvesting season.

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Trump interested in buying Greenland www.nhk.or.jp

US President Donald Trump says he is interested in buying Greenland from Denmark.

US media report that Trump has instructed aides to look into the possibility of the US to purchasing the autonomous Danish territory, as well as its potential resources and geopolitical benefits.

Trump told reporters on Sunday that the prospect is strategically attractive, and his administration would be interested.

He said he will talk with the Danish government, although it's not on the top of his agenda.

The president is expected to visit Denmark next month.

Trump has also said purchasing Greenland would be a major real estate deal.

US media have been critical of the idea, saying Trump appears to be mixing the real estate business with diplomacy. The president is believed to have made a fortune as a developer.

The Danish government has dismissed the idea, saying Greenland is not for sale.

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Festival held to celebrate reindeer population growth www.montsame.mn

Ulaanbaatar /MONTSAME/. A cattle census made at the end of 2018 shows that the number of reindeer population of Mongolia increased to 2396. In particular, reindeer herder families in the taiga area of Mongolia whose lives depend on their reindeers, had 814 reindeers by the end of 2016, however, the number reached 2396 reindeer herded by 85 families, increasing three times. As of now, in Tsagaannuur soum of Khuvsgul aimag has a population of 2006 people. Also, 755 Tuva people living in the western and eastern Taiga of Mongolia, receiving an allowance from the government.

Celebrating the historic milestone of two thousand reindeer in Mongolia, “Reindeer Festival – 2000 Reindeer Celebration” was organized under the auspices of the President of Mongolia on August 16 and 17 in Tsagaannuur soum, Khuvsgul aimag. The event was aimed at promoting the heritage and culture of the reindeer people to the public and develop reindeer husbandry.

Residents of the east and west Taiga arrived at the festival with more than 1200 reindeer and Tuva people from Ulan-ude city of Russia and Inner Mongolia of China took part in the festival. Numerous events were held during the festival, including Mongolian and Tuvan traditional wrestling competitions, races of calf and fawn, reindeer polo, shuttlecock game and traditional concert of reindeer people and exhibition of traditional handicraft items. What’s more, the Food and Agriculture Department and Veterinary Clinic Khuvsgul aimag worked at the festival in order to conduct analysis and checkup on the reindeer. Minister of Food, Agriculture and Light Industry J.Saule attended the event and delivered opening remarks.

The government of Mongolia has been implementing certain measures since 2007 with a view to improve the lives of reindeer families and reindeer husbandry. Later in 2013, a resolution was approved to provide benefits for reindeer herder people. The government also has organized several works designed for the enhancement of reindeer quality and a selection of breed, which included an import of 12 reindeer from the Tuva Republic of the Russian Federation in 2009 and a purchase of 19 reindeer in cooperation the Turkish Cooperation and Coordination Agency in 2014 and delivered the animals to the reindeer herder people in the Taiga. These government actions resulted in a growth of reindeer herders’ income and an increased quality of reindeer breed, the main source of income of the herders and probability of reindeer’s offspring survival, which finally exerted their influence on their population growth.

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Scaling up support for sustainable development: Mongolia on the rise www.unescap.org

Mongolia’s economic rebound in recent years reveals a country rising up to the challenges borne from adverse economic shocks. The country’s economic resilience comes as no surprise. Mongolia has responded well to near-term economic challenges and chartered its long-term path towards sustainable development despite its inherent constraints as a small and landlocked economy that is also highly dependent on natural resources. Mongolia prides itself as being one of the first countries to adopt the Sustainable Development Goals (SDGs), with Mongolia’s Sustainable Development Vision 2030 receiving parliament approval in 2016 just six months after the adoption of the SDGs globally.

In particular, Mongolia’s policy experiences in areas of economic diversification, good governance and regional cooperation were well-exemplified by the Action Program of the Government of Mongolia for 2016-2020. So, Mongolia has utilized these policy tools to carve for itself strategic positions to weigh in on issues significant to the country’s national development outcomes. For example, Mongolia leads the global agenda of the needs and challenges faced by landlocked developing countries (LLDCs). The presence of the International Think Tank for LLDCs in Ulaanbaatar further highlights the key role of Mongolia as a credible broker of the LLDCs development agenda.

Mongolia has been active in implementing intergovernmental initiatives facilitated by UN ESCAP including the distinct but interrelated intergovernmental agreements on the Asian Highway Network, the Trans-Asian Railway Network, and Dry Ports. We welcome the recent development on the entry into force of the Intergovernmental Agreement on International Road Transport along the Asian Highway Network among China, Mongolia and the Russian Federation, supporting trilateral economic cooperation.

Currently, Mongolia has substantively engaged on trade facilitation initiatives including the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific. There is great potential for Mongolia to strengthen its role in the related area of transport facilitation, given its position as a transit point between big economies like China and the Russian Federation. Also, we are pleased that Mongolia is soon to become the seventh member of the Asia-Pacific Trade Agreement, a preferential regional trade agreement, open to all developing member States in Asia and the Pacific.

Mongolia has also been a key driving force to advance cooperation for clean energy, especially towards a North-East Asia power interconnection, leveraging from the country’s abundant renewable (solar and wind) energy resources. Energy cooperation finds strong resonance in relation to climate action and air pollution, given the North-East Asia subregion emits over one-third of global greenhouse gases and faces heavy impacts of air pollution.

With inherent constraints due to its fragile economic structure and environmental condition, Mongolia constantly needs to find balance between providing prompt policy responses in the face of volatile and unpredictable external shocks in the short-run and pursuing structural changes to address long-term socioeconomic issues. Under these circumstances, pursuing an integrated approach becomes an imperative for Mongolia to advance its national socioeconomic agenda, regional connectivity agenda and global sustainable development agenda, bolstering Mongolia’s resilience towards adverse economic, social and environmental shocks. To this end, I welcome Mongolia’s emphasis on the “whole of government” plus a “whole of society” approach.

Through the years, we have seen how Mongolia continues to be a steadfast partner of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in promoting regional trade, connectivity and development across its various interrelated dimensions. Mongolia has also provided leadership in advancing regional cooperation agenda in the Asia-Pacific region by chairing the seventy-fifth session of UN ESCAP in May 2019.

Equipped with lessons learned from past development challenges and mindful of new directions and approaches to nurture future opportunities, Mongolia’s regional position and potential are on the rise. I am looking forward to partnering with Mongolia’s leadership to strengthen regional cooperation and achieve sustainable development by 2030 with the United Nations family

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