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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Politbarometer #18(52), March-April 2019 www.santmaral.org

The “Sant Maral” foundation presents the results of the survey, conducted from March 20 to April 9, 2019. The representative sample of 1200 respondents was collected in the capital Ulan Bator and Arkhangay, Bulgan, Gobi-Altay, Dornogobi, Dornod, Zavkhan, Selenge aymags (split proportionally by 4 regional divisions and Ulan Bator). In the data below, tabulations are sorted by “capital,” “countryside,” and “nationwide” when relevant.

This survey was sponsored by the Konrad-Adenauer-Foundation of Germany.

Please see the full report on http://www.santmaral.org/…/politbarometer-1852-march-april-…

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Mongolia to urge N.Korea to continue talks www.nhk.or.jp

The foreign minister of Mongolia, which has longstanding ties with North Korea, says he will urge the country to hold talks with the United States and Japan and to refrain from further provocative acts.

Damdin Tsogtbaatar, who is on a trip to the US, spoke to NHK over the phone on Saturday.

He stressed Ulan Bator 's friendly ties with Pyongyang and revealed that a Mongolian delegation is visiting North Korea to celebrate the 70th anniversary of diplomatic ties.

Asked about the second US-North Korea summit which broke down in Hanoi, he said it was part of an ongoing process and urged observers not be disappointed. He added that Mongolia will continue to offer support and help set the stage for dialogue.

Tsogtbaatar also expressed concern over recent reports in North Korea's state media claiming the country has tested what it calls a "new type of tactical guided weapon." He described it as a provocative act that would have a negative impact on the current situation.

On the issue of Japanese nationals abducted by the North, Tsogtbaatar said his country has supported dialogue between Japan and North Korea and will continue its cooperation.

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Third annual job fair for Chinese-speaking talents held in Mongolia www.xinhuanet.com

ULAN BATOR, April 21 (Xinhua) -- The third edition of annual job fair for Mongolian students who can speak Chinese was held here on Sunday.

The day-long job fair was co-organized by the Confucius Institute Headquarters and the Confucius Institute at National University of Mongolia, in partnership with the China-Mongolia Cultural and Education Foundation and the Chinese Cultural Center in Ulan Bator, with the aim to offer employment opportunities for Chinese-speaking job seekers in Mongolia.

"China and Mongolia are friendly neighbors connected by mountains and rivers. This year marks the 70th anniversary of the establishment of diplomatic relations between our two countries," Li Wei, cultural counselor of the Chinese Embassy in Mongolia, said at the event.

She expressed confidence that the event will help Mongolian youth who are fluent in Chinese find suitable jobs.

For his part, Gombo Bumtsend, deputy director of Neighboring Countries Department at the Mongolian Ministry of Foreign Affairs, noted that in recent years, relations and cooperation between Mongolia and China have been rapidly expanding in a wide range of areas such as trade and economic sectors.

"The job fair is an important event to promote employment for Mongolian students and youth," he added.

Around 30 Chinese companies operating in Mongolia, including Bank of China Ulan Bator Representative Office and Air China Mongolia attended the event and introduced their job vacancies.

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Mongolia and DPRK holds consultative meeting between the Ministries of Foreign Affairs www.montsame.mn

Ulaanbaatar /MONTSAME/ State Secretary of the Ministry of Foreign Affairs D.Davaasuren paid visit to the Democratic People’s Republic of Korea (DPRK) on April 18-19, 2019.

State Secretary D.Davaasuren paid courtesy call on Vice Chairman of the Central Committee of the Workers' Party of Korea (WPK), Politburo member, Director of the International Department of the WPC, State Affairs Commission member, Chairman of the Supreme People's Assembly Ri Su Yong and Foreign Minister Ri Yong Ho respectively. He also met with the Deputy Foreign Minister of DPRK Ri Gil Song and held consultative meeting between the Ministries of Foreign Affairs.

During the official talks, the parties emphasized that the countries have successfully overcame the challenges and maintained the traditional friendly relations thanks to sincere aspiration and friendship of the people of the two countries. The sides also exchanged views on regional issues and expansion of bilateral relations and cooperation.

Mongolia expressed its willingness to further develop existing traditional friendly relations with the DPRK and the strong commitment to addressing the issue of denuclearization of the Korean peninsula in a peaceful way. State Secretary D.Davaasuren also invited Korean delegation to participate in the Sixth International Conference on Ulaanbaatar Dialogue on Northeast Asian Security to be held in June, 2019.

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“Awesome” Mongolian metal in US Billboard’s charts www.news.mn

Mongolian metal music reaches Billboard’s charts, as The Hu’s “Wolf Totem” and “Yuve Yuve Yu” debut on multiple tallies dated April 20.

Thanks to that post, “Wolf Totem” bows at No. 1 on Billboard’s Hard Rock Digital Song Sales chart, up 1,056% to 6,000 downloads sold in the week ending April 11, according to Nielsen Music. The Hu is the first act since Bad Wolves in February 2018 to top Hard Rock Digital Song Sales with its first charting song.

Additionally, “Yuve Yuve Yu,” debuts at No. 7 on Hard Rock Digital Song Sales (3,000 sold, up 929%). Also drawing 272,000 U.S. streams, “Wolf Totem” debuts at No. 22 on the streaming-, airplay- and sales-based Hot Rock Songs chart.

Formed in 2016, the four-piece from Mongolia’s capital city of Ulaanbaatar released the pair of songs last fall. The Hu incorporates traditional Mongolian instrumentation and throat singing into its music, resulting in material that’s often hard-hitting, though sans 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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Mongolia to export cashmere products to US duty-free www.news.mn

A new bill that would allow duty-free imports of products made in Mongolia using Mongolian cashmere was introduced in both the US House and the Senate last week and has gathered support from apparel brands and importers.

The Mongolia Third-Neighbour Trade Act was introduced by Republican congressman Ted Yoho, who explains: ‘the bill is not just about imports of cashmere; it is smart policy that supports a strong, independent Mongolia that continues to be a beacon of freedom in the region and strategic partner of the Unites States. He said ‘It is estimated that this simple act will create upwards of 40,000 jobs primarily for women who make up 90 percent of the garment industry in Mongolia. We look forward the bill will be signed into law by President Donald Trump’.

The bill would support an important sector of Mongolian economy and reduce US imports of Chinese cashmere products. Mongolian cashmere is a brand and of itself.

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Japan’s Mitsubishi to join global airliner challenge to Boeing and Airbus www.rt.com

The aviation unit of Japanese industrial giant Mitsubishi is planning to start deliveries of Japan's first homegrown passenger plane since the 1960s as soon as next year.
The 88-passenger jet has a flight range of about 2,000 miles, while a smaller variant can fly up to 76 people for about the same distance. The MRJ (Mitsubishi Regional Jet) made its maiden flight in November 2015 with the first deliveries slated for mid-2020.

Mitsubishi Aircraft Corporation initially planned the first deliveries of the jet for 2008. However, the date was pushed back five times due to production difficulties. Orders for the aircraft that once totaled 474 units from US and Japanese carriers have been reportedly reduced to 407 jets so far.

The Japanese conglomerate, a longtime supplier of aircraft components to Boeing, invested over 600 billion yen ($5.36 billion) into MRJ as of March 2018 with another 200 billion yen ($1.8bn) expected to be pumped into the project by the end of 2020. In October, Mitsubishi announced plans to invest an extra 170 billion yen ($1.5bn) in capital into its aircraft unit, canceling 50 billion yen ($446mn) of the debt owed by the division.

The long-anticipated MRJ, which is designed for local air transportation, may become a peer competitor for such mainstays as Canada's Bombardier, whose C Series regional planes are marketed as the Airbus A220, after the 2017 acquisition of the unit by the European aerospace giant. The Japanese jet is also expected to provide keen competition to Brazil's Embraer that announced plans to create a joint venture for Embraer's airliners in 2018.

The newcomers in the sector of regional air service, such as the Russian Sukhoi Superjet-100 and the Chinese Comac ARJ21, which are currently undergoing test flights, may also challenge Airbus and Boeing.

Mitsubishi is currently involved in legal proceedings with Montreal–based Bombardier. In October, the Canadian aircraft manufacturer filed a lawsuit, accusing the Japanese corporation of stealing secret information and causing Bombardier “to suffer irreparable financial loss.”

Mitsubishi counter-sued, saying that the Canadian aircraft producer had violated antitrust regulations through “a multifaceted scheme to expand its power within the regional jet market by impeding the entrance of a new competing aircraft.”

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Experts warn of pre-election year impact on improving economy www.zgm.mn

Public investment expenses almost tripled compared to the previous years to MNT 1.2 trillion. As a reminder, the economic growth slowed down during the three previous parliamentary elections and the MNT rate declined sharply. Thereby, analysts are being cautious towards the election that could potentially change the economic and business environment and the fiscal discipline that is currently improving.

Since 2012, the volume of the economy has expanded and the budget revenue outreached the trillion mark. As a result of mega projects in the mining industry, such as Oyu Tolgoi, Mongolia's economy has developed its basic structure. Also, public expenditures, revenues, and investments have improved from the 1990s. The amount of capital that is being allocated from the budget to rural administrations is reaching billions of MNT. As a result, companies' investment in the public sector such as schools, kindergartens, hospitals, and road bidding are becoming more competitive.

However, some of the taxpayers' money is being wasted in the name of financial investment. In particular, the construction costs have exceeded budget allocation over the years. Many of the buildings, roads, and bridges that have not been completed after the election still remain as carcasses. Construction costs have been increased 2-5 times.

According to a survey conducted by the Open Society Forum, the Government budgeted MNT 2.5 trillion to finance 887 projects, activities, and constructions in 2019.

In general, major maintenances burden the budget. A total of MNT 84.9 billion has been planned for 75 major maintenance works this year. The maintenance budget is mainly expected to contribute to the transport sector.

Mongolia is expected to purchase 42 new equipment worth MNT 102.4 billion this year. If the MNT rate falls, this figure will rise. Analysts believe that budget management is deriving and that it is time to estimate the socio-economic efficiency of the budget.

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All roads lead to China: 17 Arab countries join Beijing’s new Silk Road www.rt.com

Beijing has inked cooperation deals on its multi-trillion-dollar Belt and Road Initiative (BRI) with 17 Arab countries, state-run Xinhua News Agency reported, citing the results of a joint Sino-Arab forum.
The second China-Arab Forum on Reform and Development, which was held in Shanghai on Tuesday, attracted more than a hundred businessmen, politicians, and academics from China and Arab states, including Egypt, Lebanon, Djibouti, and Oman. This year’s meeting, dubbed ‘Build the Belt and Road, Share Development and Prosperity’, was dedicated to boosting the project.

Arab countries have shown great interest in cooperation with Beijing. Apart from joining the Belt and Road Initiative, 12 Arab states established strategic partnerships, including comprehensive ones, with China.

“The Arab representatives said the BRI cooperation with China brings immense opportunities to Arab countries to advance reform and accelerate growth,” Chinese Foreign Ministry spokesperson Lu Kang told journalists at a news conference on Wednesday.

The Sino-Arab cooperation on the project is to receive another “strong impetus” as many Arab state leaders are expected to attend the second Belt and Road Forum for International Cooperation, which will be held in Beijing later this month, according to the diplomat.

China is the second-largest trading partner for the Arab world with $190 billion trade turnover as of 2017, according to the assistant secretary general of the Arab League, Khalil Thawadi, as quoted by the Jordan Times. The official noted that 21 Arab states signed memoranda of understanding on the new Silk Road in 2018.

China’s ambitious global trade infrastructure project is expanding globally. This week, Switzerland showed its intention to sign up for the BRI. In March, Italy faced criticism from its European allies as it officially became the first G7 nation to join the initiative, and shortly afterwards, Luxembourg signed a memorandum of understanding on participation in the project. Memoranda of understanding were also signed by Greece and Portugal in August and December last year respectively.

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Official assignment issued to resolve complications in coal transportation www.montsame.mn

Ulaanbaatar/MONTSAME/ The Cabinet on April 17 issued an official assignment with a purpose to resolve complications arising in regard with Tavantolgoi-Gashuunsukhait coal transportation and improve labor conditions of drivers.

First of all, L.Oyun-Erdene, head of the Cabinet Secretariat of Government, was given a duty to study a possibility to depute a government representative in charge of providing state organizations with unified management and improving their coherence, in the Gashuunsukhait border checkpoint, and resolve this issue before June 1.

The Board of Directors of the Erdenes Mongol LLC and authority of Gashuun Sukhait Road LLC were assigned to complete maintaining auto roads in route Tavantolgoi – Gashuunsukhait and improving traffic signs within the second quarter of this year. A road repair and upkeep unit will be set up in the Gashuun Sukhait Road LLC with provision of necessary equipment.

D.Sarangerel, Minister of Health, and authorities of Erdenes Mongol LLC, Erdenes Tavan Tolgoi, Tavantolgoi and Energy Resources companies were obliged to fund for providing health services along Tavantolgoi-Gashuunsukhait road.

To protect interest of Mongolian drivers, D. Tsogtbaatar, Minister of Foreign Affairs, was given a duty to scrutinize a possibility and necessity to open a branch of the Mongolian General Consul in Hohhot, China at Gants Mod border checkpoint.

In addition, corresponding ministers and officials were assigned to put permanent control on food supply, hygiene and safety of drivers and pay attention on their social issues.

There are 176 companies transporting coal in route Tavantolgoi-Tsagaan Khad-Gashuun Sukhait border checkpoint by 12918 vehicles.

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