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 – Land of the Dinosaurs”: Park proposed www.news.mn

The Mongolian Gobi Desert was the first place in the world where, in 1922, it was discovered that dinosaurs laid eggs. Since then, sites such as the Flaming Cliffs, have provided a veritable treasure trove of dinosaur remains from the Late Cretaceous. Most famous of the Mongolian dinosaurs is Tarbosaurus Bataar – a close cousin of the T Rex, which lived 70 million years ago in what is now North America. Mongolia is currently hosting the IV International Symposium on Asian Dinosaurs for first time. The two-day symposium is being held at National University of Mongolia. Nearly 100 delegates and representatives from 11 countries such as Russia, South Korea, China, Canada, Denmark, Thailand and Taiwan are participating in the event.

During the symposium, Asian palaeontologists have suggested Mongolia establishes its own Dinosaur Park as a land of the dinosaurs.

First in 1922, famous Roy Chapman Andrews, director of the American Museum of Natural History led a paleontological expedition into the Mongolian Gobi. Since that Soviet, Polish, Japan and Chinese teams led paleontological expeditions into the Gobi.

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Meat export talks with Iranian Ministry of Agriculture www.montsame.mn

Ulaanbaatar /MONTSAME/. Minister of Food, Agriculture and Light Industry Ch.Ulaan received officials led by Minister of Agriculture of the Islamic Republic of Iran Mahmoud Hojjati on July 22. At the start of the meeting, Minister of Agriculture Mahmoud Hojjati expressed his willingness to further develop the partnership in the sectors between the two countries as well as strengthening previous agreements.

Noting that Iran is interested in increasing the amount of products being exported, he then put forth some suggestions including creating a partnership mechanism between the two countries, establishing a working group as starters, and partnering in camel breeding sector.

During the meeting, the veterinary institutes of the two countries reached to agreement on the veterinary and quarantine requirements on exporting aired and vacuum-packed mutton from Mongolia and a relevant document was signed. With the agreement, trade turnover of the two countries is expected to be increased and and partnership between entities to be improved.

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Fintech opens new doors for talents www.chinadaily.com.cn

China is at the forefront of the financial technology or fintech industry, and offers great opportunities for fintech talents, driven by the rising demand for experienced financial services and technology professionals, industry experts said.

Fintech professionals who possess both technical expertise as well as an understanding of finance will be highly sought after, according to Hays Plc, a global professional recruiting group.

"In China there are opportunities for skilled candidates across a wide range of fintech businesses, including banking, insurance, wealth management and payment services," said Simon Lance, managing director of Hays China, adding the industry risks losing valuable momentum given the shortage of skills and the overwhelming demand for experienced professionals.

"For those already in the fintech industry, China offers great potential. And for those in banking and financial services - or with relevant technology skills - now is a good time to consider what your career could be in the fintech industry," Lance said.

According to Hays, large-scale commercial banks are accelerating the establishment of fintech subsidiaries across the country. It said the roles in demand in the banking sector include data security, data scientists, user experience and user interface engineers, and full stack developers for mobile and web applications.

"Fintech offers career opportunities to people with experience in almost every area of banking and financial services, as well as experts in artificial intelligence, biometrics, cloud and big data," Lance said.

Global fintech funding rose to $111.8 billion in 2018, up 120 percent from $50.8 billion in 2017, fueled by mega mergers and acquisitions and buyout deals, according to a report from global auditing and consulting firm KPMG.

"China is at the cutting edge of the fintech industry and will provide a robust and exciting career for many years to come," Lance said. "Fintech also provides opportunities for those in related technology fields."

There is high demand from fintech startups for high-caliber talents with expertise in digital payment systems, digital asset management, blockchain and cryptocurrency, said the 2019 Hays Asia Salary Guide. Hays expected qualified fintech candidates to command higher salaries in 2019.

Fintech is already a fast-growing industry in China. Statistics from Beijing-based market consultancy Analysys showed the market scale of China's fintech industry reached 115 trillion yuan ($16.7 trillion) in 2018.This figure is expected to surpass 157 trillion yuan in 2020.

"Compared with the traditional financial sector, fintech talents should have not only solid financial professional background, but also flexible and innovative thinking," said Zheng Xia, assistant general manager of Ping An Securities.

Zheng explained that fintech talents can not only interpret and think about finance from the perspective of the internet, but also observe the development of science and technology from the perspective of finance, and sensitively capture the application and innovation of cutting-edge technologies in the financial field.

Yang Rong, a banking analyst with China Securities, said the development of cloud computing, big data, blockchain, mobile internet and AI undoubtedly brings about new challenges and opportunities to the traditional financial and technology industries, especially in aspects like customer services, product design and operation model.

"Internet financial enterprises such as Ant Financial, the financial arm of e-commerce giant Alibaba, and JD Digits are actively exploring new business models and attempting to increase revenue through the output of financial technology," Yang said.

Yang added that domestic internet fintech enterprises are riding a boom, due to their huge number of active users and advantages in rich application scenarios.

"While fintech continues to be the core business of the company, we are intensely developing digital technology to serve a wider range of industries. The data-related business remains our primary focus," said Chen Shengqiang, CEO of JD Digits.

JD Digits was formerly known as JD Finance until it was comprehensively upgraded and rebranded in November 2018. It has ramped up its efforts in terms of its data processing capabilities and the implementation of advanced data technology, with artificial intelligence and the internet of things among the company's core strengths.

"Within fintech, we are observing a growing demand for talent with skills relating to AI, machine learning and deep learning. These skills are also sought after in sectors outside of fintech, such as other Chinese internet companies, creating a wider talent gap in the market," said Rupert Forster, managing director of specialist recruitment firm Michael Page North and East China.

Forster said talents from other industries are motivated to move into fintech if the firms can provide competitive salaries, good employment packages and strong technology platforms, adding they have seen candidates from the traditional financial services market with the necessary advanced technology skills successfully transfer to fintech.

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Alibaba will let American companies sell on its site www.cnn.com

New York (CNN Business)Alibaba said Tuesday it is opening up the Alibaba.com platform, allowing American companies to sell their products to small- and mid-sized business buyers around the world. That will help Alibaba (BABA) better compete with Amazon (AMZN) and Shopify (SHOP), which already have a thriving marketplace for large companies to sell to business customers across the globe.

Previously, American businesses could buy only on the Alibaba.complatform. Now they can sell to other businesses in the United States, China and elsewhere.

Alibaba, founded by billionaire Jack Ma, said Office Depo (ODP)and Robinson Fresh, a produce seller owned by logistics company C.H. Robinson Worldwid, (CHRW)are two of the top US companies taking part in the launch.
The so-called B2B industry generated $23.9 trillion in revenue globally in 2016 while e-commerce sales directly to consumers totaled $3.8 trillion that year, according to figures from the United States International Trade Commission. And much of this revenue will be to Chinese businesses.
"Alibaba aims to empower entrepreneurs and help them succeed on their own terms," said John Caplan, head of North America B2B at Alibaba Group, in a statement Tuesday.
In an interview with CNN's Julia Chatterley, Caplan added that he's not too concerned about competition with the likes of Amazon, Shopify and others.
"We think competition is good and we think anything that helps small businesses is good," Caplan said. "So we are interested in building an ecosystem of relationships and companies that are helping US small businesses be successful."
Opening a Chinese e-commerce platform to American businesses at a time when isolationist economic policies are on the rise may seem surprising.

But Caplan said he's not too concerned about US-China trade tensions and a slowing Chinese economy hurting the company.
"Small businesses around the world all want the same thing. They want more customers," he said.
Shares of Alibaba rose more than 1% Tuesday. Despite worries about China's economy and tariffs, the stock is still up nearly 30% this year.

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Cashmere forum suggests to establish joint high capacity plant www.montsame.mn

Ulaanbaatar /MONSTAME/ The fourth edition of the Mongolia-China cashmere forum themed ‘Expanding mutually beneficial cooperation’ held today has made a recommendation. The recommendation about eco-friendly sustainable cashmere production, the two countries cooperation development in cashmere sector suggests a number of proposals including:

To establish a joint final product plant with high capacity in Mongolia.
To give Mongolian companies an opportunity to operate at the Agricultural Park in Bayannur, Inner Mongolia, China.
To employ well-versed, experienced engineers and technicians of China in Mongolia and upskill Mongolian engineers and technicians at Chinese companies.
To collaborate in promoting Mongolian quality products to the Chinese market

About the conference, Tian Hong, Director of CFNA Animal By-products Department, said “The two countries have ample opportunity to partner with each other in the big world market. Cashmere producers of the two countries have had numerous meetings. This time as well, we are learning from experience and achievements of one another and looking for ways to enter the world market.”

“We will develop together through joint studies and introduction of advanced cashmere processing technologies to enter that huge market,” he added, while stating his willingness to initially exchange information and bring Mongolian cashmere products to the Chinese market to do so.

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130 thousand tons of refined fuel reserved www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Environment and Tourism and the head of the National Committee for Environmental Pollution Reduction N.Tserenbat got familiarized with the production process of refined fuel at the site.

Household in ger areas need a total of 600 thousand tons of fuel during the cold seasons. Currently, some 130 thousand tons of refined fuel were produced and reserved. It will be distributed through 500 points in Ulaanbaatar, 40 of which are for storage and the remaining for the sales. The refined fuel will be sold to the households by a special card, which will be red by card terminal or an application. Thus, it is assumed that there will be no complications with the purchase.

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Mongolia receives its first cargo aircraft www.montsame.mn

Ulaanbaatar /MONSTAME/ The first cargo airplane of Mongolia Boeing 737-700 landed at Chinggis Khaan International Airport in Buyant-Ukhaa on July 20. Present at the aircraft receiving ceremony were Minister of Road and Transport Development, MP B.Enkh-Amgalan and officials of the ministry, authorities of Civil Aviation Authority of Mongolia and the board of ‘Mongolian Airways Cargo’.

The Boeing 737-700 cargo aircraft purchased by ‘Mongolian Airways Cargo’ is a remarkable event in the history of Mongolia’s aviation industry, noted the industry specialists.

Mongolia has the exclusive rights to make frequent cargo flights to the Russian Federation and the People’s Republic of China, which have not been used until now. The acquisition of the first cargo airplane makes it possible to use the exclusive rights.

The Boeing 737-700 is one of the most reliable and safe aircrafts in the world for which 11 thousand models were produced. It has the capacity of carrying 20 tons of freight with a range of 5250 km.

Mongolia will make cargo flights to Moscow, Beijing, Tokyo, Shanghai, Guangzhou, Hohhot, Seoul, Hong Kong, Irkutsk, Ulan-Ude and the countries of Central Asia. In addition to meat, meat products, wool, cashmere and rare-earth elements, it is possible to transport mining equipment, large items and special cargo from Mongolia. Moreover, it is planned to transport ecological fruits, special and express cargo from the Soviet Central Asia in a short time.

With the completion of its cargo terminal, ‘Mongolian Airways Cargo’ will provide international express mail and a comprehensive logistics services to the customers.

With the funding of foreign banks and financial institutions, the company is expecting to receive another cargo aircraft in the near future.

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Heavy rainfall hits greater part of territory of Mongolia www.xinhuanet.com

ULAN BATOR, July 23 (Xinhua) -- Heavy rain hit Mongolia, bringing a significant rise in the water levels of all major rivers and floods to many Mongolian provinces, said authorities on Tuesday.

"The water levels in major rivers, including Eruu, Kherlen, Selenge, Kharkhiraa and Khovd have exceeded the warning levels by 10-20 centimeters due to heavy downpours since Monday," the country's National Agency for Meteorology and Environmental Monitoring said in a statement.

The agency warned residents living along the rivers to take all necessary precautions, while meteorologists forecasted that short-term thunderstorms are expected over most parts of the country in the coming days.

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ADB backs Mongolian equality drive www.publicfinanceinternational.org

The Asian Development Bank has put itself at the forefront of continuing efforts to boost gender equality in Mongolia.

It has agreed a $500,000 technical assistance initiative to help civil society organisations implement equality measures throughout the country.

The move will reinforce progress reducing the gender gap that has made the country something of a beacon in the East Asian region whose World Economic Forum Global Gender Gap ranking places it well above more developed rivals such as Singapore.

“This technical assistance is ADB’s third standalone project promoting gender equality in Mongolia that is financed by the government of Japan through the Japan Fund for Poverty Reduction,” said Declan Magee, ADB deputy country director for Mongolia.

“It is closely aligned with one of the key operational priorities of ADB’s Strategy 2030 – to accelerate progress in gender equality.”

The ADB’s technical assistance project will extend its collaboration with civil society groups in Mongolia through focused training and socially inclusive and gender-responsive “learning-by-doing” approaches.

The project will build on previous ADB support to ensure the practical application of existing policy documents on gender equality in the country.

The ADB has actively engaged with the National Committee on Gender Equality of Mongolia since 2009.

This has included providing support for the country to design and adopt a gender equality law, as well as capacity building for effective enforcement of it.

Mongolia has made significant strides in improving equality, and according to some WEF indicators such as the economic participation and opportunities enjoyed by women is on a par with developed countries such as the US.

There are a considerable number of women in parliament and in ministerial positions, and in terms of reducing the WEF’s Health and Survival gender gap – the differences between women’s and men’s health – the country enjoys joint first position globally.

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MBD (B2B) Business offers # 19 www.mongolianbusinessdatabase.com

www.mongolianbusinessdatabase.com is the number 1 ranking B2B portal site on Google's "Mongolia business or/and Business Mongolia" search according to the business visitors access from appx 90 countries as of today (Google analytics report).

Please review the following MBD business offers as package number 19 and feel free to visit www.mongolianbusinessdatabase.com for more information on each offer and contact us.
MBD Admin: contact@mongolianbusinessdatabase.com

Pumps (PR China)
Looking for the partner

Buckwheat, oats, barley, peas (Russia)
Looking for the partner

Seed processing plant (Turkey)
Looking for the partner

Artificial tree and flower (PR China)
Looking for the partner

Portable toilets (PR China)
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Container bags, pallets etc (PR China)
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Collapsible tube (UK)
Looking for distributor

Animal stunners (UK)
Looking for distributor

Food processing plants (Czech)
Looking for the partner

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