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-Canada roundtable meeting held in Ulaanbaatar www.montsame.mn

Ulaanbaatar /MONTSAME/ The 8th Roundtable Meeting on Intergovernmental Cooperation of Mongolia and Canada was held in Ulaanbaatar on June 4. The meeting was chaired by D.Sumiyabazar, Minister of Mining and Heavy Industry of Mongolia, and Donald Bobiash, Assistant Deputy Minister for Foreign Affairs of Canada.

The parties reviewed current state of bilateral cooperation in politics, defense, economy, trade, investment, mining, agriculture, construction, infrastructure, education, culture and humanities, discussing further actions.

Minister D.Sumiyabazar emphasized that Canada has been actively supporting Mongolia’s democracy and transition, becoming one of the major investors in Mongolia. It was also highlighted that Canada is an important part of the country’s third neighbor policy.

The sides noted that mining sector will remain as priority of bilateral cooperation and emphasized the importance of furthering diversification of economic cooperation, expanding agricultural cooperation and increasing bilateral trade.

Mongolian side expressed gratitude for the fruitful programs implemented in Mongolia under the Development Program of Canadian Government. The parties exchanged views on improving effectiveness and expanding the scope of cooperation.

Minister D.Sumiyabazar also expressed appreciation for the development of ice hockey in Mongolia, emphasizing the opportunities to expand relations and cooperation in winter sports and judo in the future, strengthening people-to-people relations through sports and cultural exchange.

The parties have been organizing roundtable meetings alternately in two capitals every two years since 2003.

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Hunnu Air leases Embraer E-190 aircraft www.news.mn

CDB Aviation has delivered an Embraer E-190 aircraft to Mongolia’s Hunnu Air to support the carrier’s domestic and regional operations. It is part of a fleet of four leased E-190s from CDB based on an agreement first announced in February 2019.

Hunnu Air is a privately-owned Mongolian airline that performs more than 70% of overall domestic scheduled services from its Ulaanbaatar hub, as well as supplying charter flights to Mongolian mining sites, including Oyu Tolgoi. The company also conducts international scheduled and charter services to neighboring countries, such as Russia and China.

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing, a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank.

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EU supporting Mongolian yak and wool production www.news.mn

An EU-funded initiative is to support the development of the yak and camel wool trade in Mongolia, helping to improve access to international markets and the formation of partnerships with foreign companies.

A meeting of the TRAM project – Trade Related Assistance for Mongolia (EU TRAM) – last month discussed establishing a yak and camel wool cluster to manufacture end products and promote them overseas.

According to the Mongolian National Chamber of Commerce and Industry, the aim is to create high-standard products as competitive as Mongolian cashmere goods.

Launched in March, 2018, EU TRAM is a four year project, worth almost EUR 5 million with the aim of increasing and expanding Mongolian products, and contributing to sustainable economic growth and development of the country. It has special focus of specific products/sectors with high potential export.

Mongolia has preferential duty-free access to the EU market under GSP+ scheme, yet there is low usage of these benefits due to low capacity of Mongolian products to fulfill EU market requirements. This is largely due to the lack of necessary standards and regulations.

Global costumers already felt that Mongolian cashmere and wool products are pure natural with zero harm to health besides warmness and well-fitting. (source: just-style)

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3x3 basketball players of 34 countries competing at the main square of Ulaanbaatar www.montsame.mn

The FIBA 3x3 U18 World Cup started at the Sukhbaatar Square yesterday on June 3.

Recognized as an Olympic, it is the first time for the 3x3 Basketball World Cup to be organized in Mongolia.

The tournament is being organized under the auspices of Prime Minister U.Khurelsukh in the capital city.

PM U.Khurelsukh participated in the opening ceremony of the 3x3 U18 World Cup and gave a speech “I express my gratitude to the International Basketball Association (FIBA) for giving the right to organize the World Cup in Mongolia. The FIBA 3x3 U18 World Cup is being broadcast live to over 160 countries in the world. I wish good luck to the teams of 34 countries that are participating in the tournament”.

A total of 40 teams--20 men’s and 20 women’s teams from 34 countries are competing in the U18 World Cup. The winners will be determined on June 7.

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Mongolia-Kazakhstan business meeting taking place www.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia-Kazakhstan business meeting started today at Blue Sky hotel. More than 20 representatives of 11 companies from Kazakhstan in food production, heavy machinery, tech assembly, pharmacy, construction and automotive manufacturing are participating in the business meeting being held by the Mongolian National Chamber of Commerce and Industry (MNCCI), the Foreign Trade Chamber of the Republic of Kazakhstan, the Ministry of Industry and Infrastructural Development of Kazakhstan and the National Chamber of Entrepreneurs of Kazakhstan ‘Atameken’.

“Trade turnover of Mongolia reached USD 4.1 billion as of last April and it is an insufficient result that the country is engaging in trade with Kazakhstan equal to 0.2 percent of it. Therefore, we should not lose the opportunity to cooperate with Kazakhstan. There is room for two countries to collaborate supporting each other,” MNCCI President O.Amartuvshin said.

"I have no doubt that direct flight being conducted to Kazakhstan would open an air way to reach Arab countries and Europe and the number of fights to other countries passing through Nur-Sultan would be increased. Properly resolving issues of direct transportation logistics between the two countries is the main factor to back trade turnover between Mongolia and Kazakhstan," he added.

To support regional cooperation, Mongolian part intends to put request to the Eurasian Economic Union (EAEU), in which Kazakhstan has a membership status, to give preference on transportation logistics, which is crucial condition for Mongolia. The request will be put forward to the EAEU during a meeting to be held soon in Kazakhstan and Krasnoyarsk, Russia.

Representatives of ‘Eurasian foods’ and ‘Sultan marketing’ food production companies, ‘Saryarka Autoprom’ and ‘Hyundau comtrans Kazakhstan’ automotive companies, ‘Izoterm’ building insulation material producer, ‘Bal textile’, ‘Byomer’ and ‘Jas-Kanat’ metallurgical companies, ‘Minova Kazakhstan’ mining company, ‘TK Pharm’ and ‘Fores’ window and door manufacturing companies are attending from Kazakhstan in the business meeting.

As of November, 2018, bilateral trade turnover reached USD 74.4 million. Among export products of Kazakhstan to Mongolia, tobacco makes up 20.3 percent, sanitary products 19.1 percent, washing powder and cleansing agent 12.6 percent, wheat flour and rye flour 7.8 percent and other groceries and petroleum products 4.1 percent respectively.

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Mongolia's capital safer for foreign tourists with student volunteers www.xinhuanet.com

ULAN BATOR, June 4 (Xinhua) -- A total of 40 selected students are working in the Mongolian capital as volunteers to provide information services for foreign tourists as part of local efforts to boost tourism, according to a local official Tuesday.

The students who are proficient in English are expected to provide foreign tourists with all the information they need and protection-related services during the tourism peak season or until the end of August. They started working on Monday under an annual program launched six years ago, which is aimed at making Ulan Bator a safer place for foreign visitors.

"Majority of foreign tourists visiting Mongolia travel through the capital city. So, ensuring the safety of tourists is one of the priorities for us," Tsend Enkhtuvshin, deputy head of Ulan Bator's tourism department, told Xinhua.

"In an effort to attract more tourists by creating a safer environment, we are running the program called "Student Police" in collaboration with Ulan Bator's police department for the sixth year in a row," he added.

The program has helped reduce the tourist-related crime in the capital city, the local police department said.

To diversify its mining-dependent economy, Mongolia has been striving to develop tourism in recent years. Official data showed the East Asian country received 529,370 foreign tourists in 2018, up 11 percent from the previous year, while earning over 596 million U.S. dollars, an increase of 29.6 percent.

Mongolia has set a goal of attracting 1 million foreign tourists and earning 1 billion dollars in tourism revenues by 2020.

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Digital Business Conference 2019: June 14, 2019 National Information Technology Park, Ulaanbaatar, Mongolia www.mongolianbusinessdatabase.com

What kind of digital skills are required for competing in the digital era? Do you think you know how to get the best from your people? Or do you know how do investments in your employees actually affect workforce performance? Who are your top performers? Leading-edge companies are increasingly adopting sophisticated methods of analyzing employee data to enhance their competitive advantage. Digital Business Conference 2019 will cover latest topics addressing challenges facing HR managers today.

Please visit website for more information: http://db-conf.com

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Apple dissolves iTunes into new apps www.bbc.com

Apple has announced that iTunes is to be replaced by Apple Music, Apple Podcasts and Apple TV.

There had been speculation that the tech giant was planning to shutter the music service it launched in 2001.

The firm also revealed a number of new privacy measures at its annual developer conference in San Jose.

A new sign-in will be an alternative to logging into apps using social media accounts, hiding the user's email address and data.

iTunes will remain unchanged on Windows platforms.

The announcements were made at the WWDC conference, where the tech giant outlines its software plans for the months ahead.

Apple's new sign in includes an email address-hiding function
Apple announced several new privacy measures, building on last year's event where it pledged to jam Facebook's tracking tools.

"Privacy is a fundamental human right," said Apple's software chief Craig Federighi.

He said that there will be an option for apps which request location information to have to ask every time they require it, and they will be blocked from using other markers, such as identifying Wi-Fi or Bluetooth signals.

Apple is also launching a sign-in-with-Apple login, as an alternative to logging in to a service using a social media account.

Using this login, users can choose to hide their email address, with Apple creating a random alternative address which will forward to the real mailbox.

"The unveiling of 'Sign-in With Apple' will concern rivals, particularly the web giants," commented Ben Wood from CCS Insight.

"Existing sign-in services provide a simple means for single sign-in across the web. Privacy is the differentiator that will be heavily emphasised versus Facebook and Google, and represents a great marketing tool for Apple's broader privacy stance."

The next iteration of the iPhone's operating system - iOS 13 - includes a range of changes to its interface, as well as new functions.

The new Dark Mode enables iPhone apps to be viewed with a black background, while the Apple Maps app will come with a virtual tour experience similar to Google's Street View.

Other key features include the option to silence unknown callers and block senders within the Mail app, improved search in messages, and optimised battery charging.

Apple has also made improvements to its language keyboards, including the introduction of new bilingual keyboards and typing predictions for Arabic, Hindi, Thai, Cantonese, Vietnamese and the 22 official Indian languages.

The Find My iPhone and Find My Friends apps will now track and locate any Apple device, even if it is offline
Apple says it travelled 4 million miles by car and aeroplane in order to improve the detail on its maps app
The new Apple TV screensaver will feature 4K high definition images from under the ocean filmed in collaboration with the BBC Natural History Unit, which made Blue Planet
Improvements to Apple's Memojis - a form of 3D avatar - were demonstrated in a video made by beauty vloggers Desi Perkins and Patrick Starrr. They now include more accessories such as piercings and make-up

The Apple Watch is to become more independent from the iPhone with its own app store.

New apps for the Watch include a menstrual cycle tracker, with an optional fertility window predictor, and a noise level tool to alert Watch wearers when they are around noise levels that can damage hearing.

Apple said it would not record or store the noise data.

The tech giant also unveiled a redesigned Mac Pro complete with a 28-core Intel processor and 6k retina display screen, which is 40% larger than the current iMac display screen.

It will launch in the autumn with prices starting at $5,999 (£4,700) - this does not include the screen or stand.

And instead of buying additional monitors, existing Mac users will now be able to use the iPad as a second screen.

Tuong Nguyen, senior principal analyst at Gartner, said this year's event had a different feel to its predecessors, following on from Apple's last announcements which saw it reposition itself as a provider of services, rather than hardware.

"Typically at WWDC you might see it begin with something interesting, in terms of how devices are used or how apps interact, but this time it kicked off with a video that looked more like a movie trailer," he said.

"Is this the new way we should see Apple events, more rooted in the media content side of things, rather than the strong emphasis on technology and hardware innovation?

"Remember, the last event was all about services and content - this may be the new way that Apple differentiates itself."

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Success in Asian Qualifiers crucial for Mongolia's progress www.the-afc.com

Mongolia have never advanced beyond the first phase of qualifying for either tournament and take on Brunei Darussalam over two legs on Thursday and Tuesday hoping to notch up a victory that secures the country a place in the draw for Qatar 2022 and the 2023 AFC Asian Cup.

The winners will join the likes of Australia, Japan, Korea Republic, Islamic Republic of Iran and Saudi Arabia in the second phase and the prospect of facing one of the Continent’s giants, believes Souissi, will give the game a much-needed boost in the landlocked East Asian nation.

“If we can qualify for the next round then we will try to bring top teams so that the crowd can come and see them,” said the Tunisian, who was recently appointed by the Mongolia Football Federation.

“We need to make the sport popular and bring big names. Then it doesn’t matter about the results, we need to promote football by bringing good names and to be able to bring people to play. And we will find that hard if we don’t qualify for the next round.

“We have to qualify because if we don’t qualify, we won’t be able to find friendly games, or strong ones anyway.”

Growing the sport – from enhancing coach education and providing more opportunities for players at all levels – are among the tasks taken on by the 64-year-old in his role as technical director and Souissi is focused on laying the foundations for future success.

Key among those is increasing the number of coaches working within the game and introducing a licensing system for teams playing in the country’s first and second divisions.

“The biggest challenge is to make football really popular so that there is more practicing of the sport because football is not that popular, to be honest,” Souissi told the-AFC.com. “It is number one in the world but it’s not in Mongolia. It maybe comes seventh or eighth in the rankings, so for the time being it’s important to have a broader base.

“And we have started already with those who are going to teach the kids, doing a lot of coach education to upgrade the level and broaden the base and try to expose them to the international game. They lack that kind of exposure. This is a lengthy process and we have started already."

“I don’t see it starting to bear some fruit for two years, and I’m being a little bit optimistic when I say this. Talent-wise there is plenty of talent, contrary to what many people think. I was pleasantly surprised, but it is at a young age. We have to work systematically at a young age.

“We don’t have many coaches. All-in-all we have something like 120 coaches, which is nothing. So now we have done some refreshers and we now have another 40, so we have about 160. It’s a big job, but that’s what tempted me.

“The progress will be quick in the beginning and then it will slow down, but at the minute we’re progressing by leaps and bounds.”

In the meantime, national team head coach Michael Weiss and his side will host the first leg of the two-game play-off on Thursday at the MFF Football Centre in Ulaanbaatar, with the return in Bandar Seri Begawan five days later.

And, with so much potentially on the line for the future of the game in Mongolia, Souissi believes playing the first leg at home will give the Blue Wolves the upper hand.

“There’s a slight advantage for us playing the first game in Mongolia,” he said. “The good thing for us is that we are in competition, because the league has started already. The players have some competition in their legs, which is really important. They have had enough time to work together and I rate our chances as really good.”

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Seoul-based Rhinos Asset Management launches Mongolian subsidiary www.theinvestor.co.kr

Seoul-based investment company Rhinos Asset Management said on June 4 that it had opened a wholly owned overseas subsidiary in Mongolia a day prior.

This marks the first time that a foreign entity has begun to operate an asset manager in Mongolia.

The company was established in December last year and obtained a regulatory license in March, with capital of 526.9 million Mongolian tugrik ($196,100).

Rhinos Asset Management Mongolia during the opening ceremony announced a corporate debt fund of $11 million to invest in debt issued by Mongolian financial technology startup AND Systems. The startup raised $2.8 billion funding from Rhinos in November 2018. Rhinos created Mongolia’s first corporate debt fund in April.

Rhinos said in a statement that the new Mongolian unit aims to lay the groundwork for deal-sourcing capabilities in Mongolia, Russia and Central Asia.

Since 2017, Rhinos has sold Mongolian high-yield products such as funds investing in US dollar-denominated certificate of deposits issued by the Trade and Development Bank of Mongolia, as well as short-term bond funds and exchangeable bond funds.

Chief Executive Chun Myung-ho currently heads Rhinos Asset Management. Founded in 2014, the company has 7.1 billion won ($6 million) in capital as of end-March and invested in global mezzanine equities and derivatives with some 400 billion won in assets under management.

By Son Ji-hyoung (consnow@heraldcorp.com)

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