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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Power line and railway constructions of oil refinery complete www.zgm.mn

The Government of Mongolia has begun the construction of the oil refinery project. Authorities recently confirmed that power lines and railways have been completed. The construction of the road will be ready by September, according to the Ministry of Mining and Heavy Industry (MMHI). The construction of the plant is expected to be halfway complete in the first quarter of next year.

The plant is being built from the Indian Government's soft loan and an Indian firm Engineers India Ltd (EIL) was chosen as the project's management consultant. The mission is expected to visit Mongolia this month.

The Development Bank of Mongolia is also financing a part of the investment. Currently, MNT 61.8 billion has been allocated for construction, electricity, roads, and railways, totaling MNT 250 billion.

The construction of the oil refinery was inaugurated in Altanshiree soum of Dornogovi province, south-eastern part of Mongolia last year. The plant will have a capacity to refine 1.5 million tons of oil annually; however, the country lacks the resource to supply this giant factory. Therefore, Mongolia is currently drawing resources from the XIX and XXI area of Dornod province.

Oil is transported worldwide via sea, pipeline, road, and railway. The cheapest of these is water transport, which is impossible for a landlocked country. Accordingly, the policy-makers have decided to transport the fuel by pipeline. Officials have highlighted that the cost of transport will be comparably low and is environmentally friendly.

It is estimated that 651 kilometers of pipeline will be required from the Dornod oil field to Altanshireet soum. This area across several provinces is the main leverage for Mongolia to ease off high dependence of petroleum.

India is fully responsible for oil refineries under the bilateral cooperation agreement. Other than the factory, the pipeline, power plant, and infrastructure will be constructed by Mongolians.

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‘Hollywood in Mongolia’: Bryce Nielsen arrives www.news.mn

Famous film makers are gathering in Ulaanbaatar for an international film makers’ festival called ‘Hollywood in Mongolia’. The event will be held in the Mongolian capital from 1-7 May. Earlier today, (29 April) the first visitor of the festival flew into Chinggis Khaan International. Bryce Nielsen is a VFX Producer; he worked on Cloud Atlas, Kingsman, The Golden Circle, Dark Phoenix, Iron Man2 and Dumbo. At a press conference at the Tuushin Hotel, he shared his first experience in Mongolia. Bryce Nielsen said, ‘I am delighted to have been welcomed by people in the traditional consumes of Mongolian queens and knights at the airport. Also, I tasted aaruul – a dairy product of Mongolia and liked it. On the way to city centre, I got caught in traffic jam, (laugh). In near future, I am planning to visit the Gobi Desert and ride a horse.’

The remaining 15 international visitors including Ivana Chubbuck, most of the ‘in-demand’ acting coaches in the business are expected to arrive in Ulaanbaatar from tomorrow. Ivana Chubbuck is well known for having coached Brad Pitt, Halle Berry and Charlize Theron.

The upcoming event will be a big opportunity for Mongolian film sector to step up to the next level.

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The ‘Hu’ to tour Europe www.news.mn

Mongolian rock band ‘Hu’ has been becoming famous internationally as their song ‘Wolf Totem’ reached No. 1 on Billboard’s Hard Rock Digital Song Sales. The band is now preparing to tour Europe. This will begin in Berlin from 6 June and continue until 6 July. Tickets for the concerts will be available from 3 May.

Formed in 2016, the four-member band from Mongolia’s capital city of Ulaanbaatar, released a pair of songs last autumn. The ‘Hu’ incorporates traditional Mongolian instrumentation and throat singing into its music, resulting in material that’s often hard-hitting, though without the sounds that most heavy metal acts might utilize, namely electric guitar.

After some initial buzz and media coverage in January, the songs, particularly “Wolf Totem,” have hit new heights thanks in large part to a viral Facebook post showcasing the track’s official video with the caption, “Mongolian Metal is Awesome.”

The Hu is currently prepping a debut album, Gereg, due via Eleven Seven Records.

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More than half of dams in Mongolia give birth www.xinhuanet.com

ULAN BATOR, April 29 (Xinhua) -- As of April 29, around 16 million dams (female animals) in Mongolia have given birth, an official of the country's Ministry of Food, Agriculture and Light Industry said Monday.

"The dams that have given birth account for more than 50 percent of 29.9 million dams nationwide which were counted by the end of 2018," Yadamsuren Altangerel, head of the department of Livestock Policy Implementation and Coordination at the ministry, told a press conference.

"Generally, spring conditions are normal across the country. Of the newborn animals, 98.6 percent survived," he said.

The Asian country is one of the last nomadic countries in the world.

The country has more than 66.46 million livestock animals as of the end of 2018, according to the country's National Statistics Office.

Animal husbandry is the backbone of the landlocked country's economy as nearly 40 percent of the country's nomad population depends on animal husbandry for their livelihood.

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National Consultation on Facilitating Cross-border Paperless Trade: Mongolia www.unescap.org

In moving forward in the area of trade facilitation and paperless trade in Mongolia, legal and technical readiness assessments for cross-border paperless trade and a study on transit trade procedures on selected products have been conducted, under a United Nations ESCAP project entitled “Facilitating Cross-Border Paperless Trade along the Belt Road Initiative (BRI) Corridors for Regional Integration and Sustainable Development” (May 02. 2019 by invitation only). The purpose of the national consultation is to review the preliminary findings from this work, consolidate and validate the results and develop recommendations and an action plan.

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U.S.-Mongolia Consultations Advance Bilateral Relations www.state.gov

On Friday, April 26, 2019, representatives of the United States and Mongolia met for the 13th Annual Bilateral Consultations at the Department of State in Washington, DC. This year’s consultations were the first held under the auspices of the U.S.-Mongolia Expanded Comprehensive Partnership, announced during Mongolian Prime Minister Khurelsukh’s official visit to Washington in September 2018.

Principal Deputy Assistant Secretary for East Asian and Pacific Affairs W. Patrick Murphy and Mongolian Ministry of Foreign Affairs State Secretary D. Davaasuren co-chaired the consultations, which were also attended by representatives from the U.S. Departments of Commerce, Defense, Labor, and Treasury, along with the National Security Council, the U.S. Agency for International Development, the Federal Aviation Administration, the Office of the U.S. Trade Representative, the Millennium Challenge Corporation, and the Overseas Private Investment Corporation.

The United States and Mongolia exchanged views on how to promote their shared values in the Indo-Pacific region, with an emphasis on democracy, human rights, freedom of belief, and the rule of law. The United States noted that the Leaders Advancing Democracy (LEAD) Mongolia program is extended through 2021, continuing support for young leaders working collaboratively to address Mongolia’s most pressing issues.

Further recognizing that strong people-to-people ties constitute the foundation of the bilateral relationship, the United States announced its intent to expand the Peace Corps presence in Mongolia, and also add a Mongolian Visiting Scholar component to the Fulbright program for the first time.

The United States and Mongolia held broad consultations on regional security matters, including their shared participation in the ASEAN Regional Forum, and on economic issues, including macroeconomic stability, regulatory transparency, countering financial crimes, sustainable infrastructure development, and investment in energy and other sectors. The United States and Mongolia agreed that aviation safety cooperation is a priority for both sides and will actively seek opportunities to deepen these ties. Both sides also identified mining safety as another area for deepened bilateral cooperation. The United States and Mongolia agreed to continue engagement in accordance with the 2018 Roadmap for Expanded Economic Partnership.

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Russia & China set up yuan-denominated fund for joint investments www.rt.com

The Russian Direct Investment Fund (RDIF) has launched a regional fund worth 6-7 billion yuan (around $1 billion) with its Chinese partners.
The fund will mainly focus on investing in strategically-important projects in Russia and China in equal proportion, according to RDIF, which announced the fund’s establishment at the Belt and Road forum in Beijing.

For Chinese projects, it will mainly focus on Belt and Road related projects and other perspective sectors, it said. The fund has initially accumulated 1 billion yuan (around $150 million). The target capital will be raised from leading institutional investors in China.

“The Fund will engage in the implementation of strategically important investment projects, focused on the Central Federal District, the Far East of Russia and the north-eastern part of China,” said CEO of RDIF Kirill Dmitriev.

The fund “will actively promote the strengthening of economic ties at an inter-regional level, through the use of national currencies in all settlements,” he added.

The Co-CEO and President of Russia-China Investment Fund, Bing Hu noted that “It is especially important that the fund is formed in RMB [Chinese yuan – Ed.], which will reduce foreign exchange risk between RMB and RUB [Russian ruble – Ed.] via other currencies.”

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Baritone Ch.Badral wins Grand Prix at international singing competition www.montsame.mn

Ulaanbaatar /MONTSAME/ National opera singer Ch.Badral won Grand Prix at the first International Opera Singers’ Competition which took place on April 19-23 in Yakutsk, Russia.

Baritone Ch.Badral was invited to participate in the competition along with the opera singers of more than 10 countries. He is currently working in Italy, performing for the major Italian theatres under contract. He was also chosen as one of the outstanding classical singers to compete in BBC Cardiff Singer of the World 2019 Competition.

National singers S.Bat-Erdene, G.Enkhnaran, E.Munkhtur and concertmaster of the State Academic Theatre of Opera and Ballet B.Solongo also participated in the competition. E.Munkhtur won the second place and S.Bat-Erdene claimed the special prize.

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Can China's plane-maker take on Boeing and Airbus? www.bbc.com

For the past decade China, soon to become the world's largest aviation market, has been developing its own planes as it seeks to loosen Western manufacturers' grip on the sector.

The planes made by Commercial Aircraft Corporation of China - or Comac - have drawn plenty of criticism.

Few in the industry believe Chinese-made jets will rival those of Boeing and Airbus in the near-term.

But analysts say that over time, state-backed Comac - part of China's wider push into high-tech manufacturing - could challenge the established players.

"Do not underestimate Chinese ability to penetrate markets," says Shukor Yusof, founder of aviation advisory firm Endau Analytics.

He says the landscape is likely to shift from a European-US manufacturing duopoly to accommodate a third party - "and that's probably the Chinese".

What aircraft has Comac built?
So far it has built two jets - the ARJ21 and the C919 - and is working with Russia on a third.

Only the 90-seat, ARJ21 jet is in service. However, after suffering from delays, and being plagued with noise and other problems, the aircraft has been roundly rejected as inferior to planes from competitors such as Brazil's Embraer and Canada's Bombardier.

He says that while the aircraft was touted as proof China would be the next big jet maker, it turned into an "overweight and stunningly obsolete product that has no relevance outside of China's tiny regional airline sector".

A Chenghu Airlines ARJ21 jet
Comac has bigger ambitions for the C919. Seating up to 168 people, China's first large passenger jet is designed to compete with Boeing's 737 Max and Airbus's A320neo.

Its third test flight was completed in December and first deliveries are scheduled for 2021.

Comac did not respond to BBC requests for comment. But data from consultancy Frost & Sullivan shows the firm has received nearly 1,000 commitments for the C919, mostly from Chinese airlines and domestic leasing firms. The order book includes the country's three major carriers Air China, China Southern and China Eastern.

Still, some remain sceptical that Comac will hit its 2021 target given the problems that surrounded its first plane. Teal Group's Mr Aboulafia says there is a "serious risk" that by the time the C919 enters service Airbus and Boeing will have far better models on offer.

China's first passenger plane takes off
Airbus secures huge jet order from China
In partnership with Russia, Comac is also developing the CR929, a wide-body aircraft with a range of 12,000km that seats 280 passengers.

Where can Comac jets fly?
Right now, only China's aviation regulator has certified Comac jets to fly. Its aircraft may also operate in parts of Asia, Africa and South America that recognise Chinese certification.

However, to expand beyond those markets it needs the green light from the US Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). Those approvals are far from certain.

"There is still a big question mark over whether it will receive a Western certification," Flight Global's Asia finance editor Ellis Taylor says.

He says Comac had hoped the ARJ21 would get FAA certification "but that has been shelved indefinitely".

Can it survive without the US and Europe?
Even if those doors remain shut, Comac has access to a huge and growing market. By the mid-2020's, China's aviation market is expected to overtake the US as the world's largest by traffic.

It's a major buyer of Western planes, but the crisis facing Boeing could generate more interest in locally-made alternatives.

The country operates the largest fleet of Boeing 737 Max aircraft and was the first to ground the troubled jet after the deadly Ethiopian Airlines 737 Max crash in March. The same model was involved in a Lion Air crash that killed 189 people less than five months earlier.

Frost & Sullivan aerospace consultant Ramesh Tanjavuru says, provided Comac secures certification, Boeing's troubles could fuel the growth of the C919 in China and abroad.

"They could definitely fill the gap and be a significant player in China's market."

Where else is Comac targeting?
Comac also has its sights set on emerging markets in parts of Africa and Asia. Its planes are more affordable, with the C919's list price of reportedly about $50m (£38.8m) roughly half the price of the Airbus A320neo.

But the push into these regions also supports Beijing's broader foreign policy goals.

China, through its Belt and Road initiative, is pouring as much as $1 trillion into infrastructure projects around the world. Endau Analytics' Mr Yusof says China's entry into plane manufacturing is part of this drive.

Italy joins China's New Silk Road project
What is Made in China 2025?
He says some countries in Africa have received loans to build airports that are designed to meet the requirements of the ARJ21. Aiding poorer countries with infrastructure development, Mr Yusof says, is another way of building Comac's customer base.

"We can't just underestimate the Chinese ability to go into markets and carve a niche where Airbus and Boeing aren't interested [such as] Africa or central Asia."

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China's iron and steel association warns on over-capacity, shrinking profits www.mining.com

China's Iron and Steel Association said on Sunday the industry faces ongoing risks from excess capacity, as well as sluggish demand and increased raw material costs that could squeeze profits.

The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving its tasks" amid Beijing's supply-side reforms, the association said in an online statement.

Some companies were looking to boost output, turn out low-grade steel and use cheaper but more polluting induction furnaces, it said, adding that fixed asset investment in the ferrous metal refinery and processing industry rose 30.6 percent in the first quarter.

The industry should work to avoid any illicit increase in new capacity, reduce leverage and push forward with the restructuring of "zombie firms", the association said.

"Keeping the balance between demand and supply is a key premise for maintaining the stabilization of the steel market," it said.

It forecast weaker demand for iron and steel due to structural changes in the world's second-largest economy, and said the industry would not be able to sustain high production growth, which saw crude steel output jump 9.9 percent in the first quarter.

A sharp rise in the price of raw materials in the first quarter, when imported iron ore rose from $60 a tonne to $90 a tonne, had also significantly squeezed industry profitability.

The sector is also at the centre of the government's efforts to curb pollution, although complying with stricter standards could raise production costs and hurt profitability, it said.

The association also urged banks to remove restrictions on lending to the industry to help companies obtain financing and lower their costs.

(Reporting By Shu Zhang and Jenny Su; editing by Richard Pullin)

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