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 – China border checkpoints to close for three days during Lunar New Year www.montsame.mn

Ulaanbaatar /MONTSAME/ In accordance with the 2004 Governmental agreement between Mongolia and the People’s Republic of China on Border Checkpoints and its regulations, Mongolia – People’s Republic of China border checkpoints will not be operated from February 5 to 7.

However, international railway and flights will be conducted on regular schedules on these days

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China bans pigs, wild boars and products from Mongolia www.thepigsite.com

Reuters reports that the ban, effective Tuesday 29 January, came as China battles the world's fastest-spreading epidemic of the deadly disease on its own land, which has reached 25 of its provinces since early August and led to culling of more than 900,000 pigs.

The new rule was put in place to prevent the deadly virus from spreading to China from Mongolia, and protect the domestic livestock sector, China's General Administration of the Customs said in a statement published on its website.

China has not approved the import of the Mongolian pork. However, meat is often smuggled into China.

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Two women release debut EPs: Nominjin from Mongolia and SISSTA from San Diego www.blogtalkradio.com

International artist Nominjin started her music career at the age of 12 in her native Mongolia, going on to become Mongolia’s first and only pop teen idol. A solo artist who sings in 15 languages, Nominjin has performed and toured in more than 15 countries across the world in front of audiences of up to 70,000 people. She has been featured on John Lennon's tribute albumPeace, Love & Truth, and her hit single “Take Me To Your Heart” was included in the EMI album “Love: Best of Ten Years” alongside artists such as Christina Aguilera, Toni Braxton, Norah Jones, and Ricky Martin. She is bringing her soulful R&B to the US with her new EP, Free Soul, recorded at Radonai Records in Los Angeles, California.

Indie synth pop soloist SISSTER, born in Chula Vista CA outside of San Diego, is a composer, songwriter, producer and singer. From an early age SISSTER showed musical and artistic talent, and as a teen, she picked up the guitar and focused on singing and composing original songs. She has performed in acoustic pop, rock bands, blues and rockabilly and synth pop concerts. She has shared stages with artists such as Enjambre, Siddharta, Julieta Venegas, La Santa Cecilia, Flor Amargo, among others in both the US and Mexico. Her debut EP features songs produced by herself, John Avila (bassist Oingo Boingo) and Anton Soder. Her debut album is set for release February 6 in Los Angeles.

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G.Zandanshatar to lead Mongolian Parliament www.news.mn

Yesterday (February 1st) in Parliament, MP G.Zandanshatar appointed as Speaker of Parliament, taking 95.2% of the votes that were cast. G. Zandanshatar, who currently works as the Head of the Cabinet Secretariat, was nominated by the Mongolian Prime Minister U.Khurelsukh and yesterday received the endorsement of the Executive Commission of Mongolian People’s Party.

G.Zandanshatar, who is also a former Minister of Foreign Affairs, was born in the Bayankhongor province of Mongolia in 1970 and has been elected three times by his constituents as a Member of Parliament.

On January 29th, the Mongolian Parliament dismissed M. Enkhbold who was its previous Speaker. In recent months, several sessions of the Mongolian State Great Khural had been delayed following a boycott by almost 40 MPs who had protested the actions of the Speaker. In addition, a petition signed by 38 MPs was presented to him demanding his resignation from the post.

Earlier this month, the Mongolian Parliament amended a draft of the Parliament Session Order. Initiated by President Kh.Battulgaa, this amendment provided the opportunity for a majority of MPs to vote to dismiss the Speaker.

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Former Justice Minister and his younger brother released on bail www.news.mn

Former Justice Minister D.Dorligjav and his younger brother D.Baatar were released on bail yesterday (February 1st).

Both had been arrested by Anti-Corruption agents on January 7th and had their houses searched for evidence by the police.

When he was working as the General Prosecutor, D.Dorligjav allegedly extorted $4 million from T.Ganbold, who was the Director of the Altan Dornod Mongol Mining Company. The money was then transferred though D.Baatar’s bank account.

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Mongolia to send humanitarian aid to Syrian children www.news.mn

On Wednesday (January 30th), the Mongolia government decided to send 103 million Mongolian tugriks ($40,000) in humanitarian aid to war-ravaged Syria.

According to Gandulam, the aid is to take the form of blankets, mattresses, school supplies, first aid kits and other necessities. Delivery of this aid to Syria will he handled by the Mongolian Red Cross and other appropriate bodies.

According to the UNCF (United Nations Children’s Fund), there are 5.5 million Syrian children in need of humanitarian aid.

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Week-long event for project to train 1000 engineers to take place in March www.montsame.mn

Ulaanbaatar /MONTSAME/. The administrative committee meeting for the project, ‘Higher Engineering Education Development Project’, took place yesterday on January 31.

The names of the 16 research students, who will be enrolling in Japanese universities from this April, and 2 students, who will be extending their duration of study, was approved at the meeting.

A week-long project event is also planned to take place on March 11-15. With aims of enhancing partnership between joint research teams as well as Mongolian and Japanese universities, further developing partnership between research institutes and businesses, and informing the public about the results of joint projects and research, one of the main events for the week-long event is the Mongolia-Japan joint research forum.

Moreover, the committee made decisions to hold a nationwide preliminary test for the 2019-2020 enrollment for technical colleges and bachelor’s programme as well as to make adjustments some of the project documents due to extension of the project duration by 1 year from 2023 to 2024 were also made during the meeting.

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Copper price rally halted by Chinese factory surprise www.mining.com

January’s copper price rally came to a screeching halt on Friday after a key gauge showed Chinese factory output shrinking at the fastest pace in almost three years.

Copper for delivery in March slumped 3% compared to Thursday's close to a low of $2.7535 per pound ($6,070 a tonne) on the Comex market in New York.

A January survey of Chinese private sector factory purchasing managers fell to 48.3 from 49.7 in December, the lowest reading since February 2016 and well below forecasts. A reading below 50 signals contractionary conditions.

The subindex for new orders was the weakest since September 2015, but the outlook for the rest of the year improved slightly, with factory bosses most optimistic since May last year.

The Caixin index focuses on small and medium-sized private sector companies while Beijing's official manufacturing PMI is skewed towards large state owned firms. That reading actually increased last month although it also remains stuck just below 50.

Given its widespread use in construction, transportation and power grid infrastructure, copper is considered a good barometer for economic activity and with China consuming nearly half the world's copper, the price of the red metal is closely correlated with domestic factory conditions.

At the start of 2019, copper fell to a near two-year low of $2.54 a pound over worries about slowing growth in China and fears of the impact of the trade dispute between China and the US.

Most analysts remain bullish on the longer term prospects for copper. Capital Economics, a London-based researcher, says that is partly due to slowing mine supply growth.

Capital Economics believes the metal will average $6,500 per tonne in the first quarter of 2020, after a gradual rise this year.

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Mongolia's Crisis of Democracy Continues www.thediplomat.com

On January 29, a majority of members of Mongolia’s parliamentary body, the State Great Khural, voted to oust the unicameral body’s speaker, Miyegombyn Enkhbold. The ousting of the speaker, who was formerly the chairman of the majority Mongolian People’s Party, comes after months of political turmoil. In the parliament’s special session, 43 out of 65 members who attended voted to throw out Enkhbold, who was embroiled in multiple corruption scandals.

The ousting is the most recent chapter in a slow-moving political crisis causing Mongolians have continuously lose faith in their government due to rampant corruption and inefficacy, particularly in addressing an annual air pollution-induced public health crisis in Ulaanbaatar.

In spite of widespread calls for Enkhbold’s resignation from both major political parties, the speaker had refused to step down for over a month in the face of major demonstrations in front of Mongolia’s parliament building. Since early December, more than half of Mongolian MPs boycotted plenary sessions in protest, which stalled out all legislative action for 40 days. The extraordinary measure to oust the speaker, who had formerly served as Mongolian prime minister and mayor of Ulaanbaatar, comes after a newly minted law approved on January 18, when parliament members granted themselves the new power. The original proposal for the bill was put forth just after the new year by President Kh. Battulga, who is from the opposition Democratic Party.

In his parting address, Enkhbold called it, “a grey day in Mongolian parliament.” He said, “I hope this law isn’t used to change the leadership in the future.”

Mongolia’s government has been in crisis due to a series of corruption scandals implicating leaders in both major political parties, whose platforms are virtually indistinguishable. Even after a new speaker is chosen, likely in early February after the Lunar New Year, the inter-governmental and inter-party conflict will continue to test Mongolia’s fledgling democracy.

More than just holding up the passing of budgets and the development of legislative priorities for 2019, the gridlock has threatened the girders of Mongolia’s political system. Critics have argued that the president proposing the bill sets a dangerous precedent for others to propose timely legislation to their benefit. Notably, President Battulga has also ordered for an inquiry into former President Elbegdorj in relation to the former’s negotiation of major mining deals while president.

Since late November, demonstrators have targeted Enkhbold due to his connection to a number of high-profile corruption scandals, which are still ongoing. Most notably, Enkhbold has been implicated in the long-unresolved 2016 60 billion MNT case, in which a group of politicians were accused of conspiring to sell government offices in return for raising 60 billion tugrik (roughly $22 million). The speaker has not been named directly but has been allegedly associated with last year’s Small and Medium-sized Enterprise Development Fund (SME) case. In the SME scandal, a variety of high-profile public officials granted relatives or friends money intended for small business owners. The funds were originally intended to help offset Mongolia’s heavily mining-dependent economy and stimulate the local-level economy.

Opponents, even in his own party, allege that Enkhbold runs a secretive group of leaders from across both major political parties known as MANAN, or “fog” in Mongolian, which has become synonymous with a shadowy oligarchy. In Mongolian, the word MANAN also combines the acronym of the two major political parties, the Democratic Party and the Mongolian People’s party.

The series of protests surrounding the SME scandal began in November, shortly after Prime Minister Ukhnaagiin Khurelsukh (from Enkhbold’s own party) narrowly escaped a vote of no confidence. The prime minister deflected criticism and accused Enkhbold of corruption.

The scandals have been widely covered in local media, and attracted outrage from average Mongolians.

Namuun, 19, said that “corruption is making everyone’s life hard, even someone young like me. It affects my parents; it affects all the people around me.”

The latest major political protest took place January 10 at Sukhbaatar Square and targeted Enkhbold. Like the previous protest on December 27, there were tens of thousands of demonstrators.

At the protest, 56-year-old Ganhuyag said, “I think this year will be year of protest, because if we don’t stop MANAN, our country will not develop.” He expounded, “every TV, every media company has someone from parliament or someone powerful working behind [it]. That is why people should not believe in news but believe in people’s voice.”

Ganuhuyag’s comments are emblematic of a growing public distrust in Mongolia’s governing class, and increasing disillusionment with the country’s media, both of which score low in global transparency ratings.

Occupiers in traditional gers, or yurts, register protest signatures against speaker Enkhbold at Sukhbaatar Square on January 13. The banner says “Protest against the tyranny of MANAN!” Photo by Peter Bittner.

Since the demonstration, dozens of “gers,” or yurts have occupied Sukhbaatar Square, the central government plaza, with at least 10 Mongolians promising to go on hunger strike.

One demonstrator, Batzorig, said, “I am one of 300 people who protested in 1989 in the Democratic Revolution. Look at what the people we trusted since that time have done! This is unbearable.

“I want this destroyed by its roots.”

Peter Bittner is a freelance journalist based in Ulaanbaatar, Mongolia. Tuguldur Chulunbaatar and Anand Daliad contributed reporting to this story.

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IMF Continues Discussions on the Sixth Review of Mongolia’s Extended Fund Facility www.imf.org

An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar during January 28–30, 2019 to continue discussions on the sixth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in an amount equivalent to SDR314.5054 million, or about US$434.3 million [1] (see Press Release No. 17/193 ).

At the conclusion of the visit, Mr. Gottlieb made the following statement:

“The economy continues its recovery, with growth exceeding 6 percent in 2018, amid supportive external conditions and sharply rising domestic demand. Both the strong growth and the authorities’ commitment to discipline on public spending have resulted in large over-performance on fiscal targets under the program.

“To tackle signs of overheating pressures that are a headwind on further international reserve accumulation, the Bank of Mongolia has raised the policy interest rate and introduced macro-prudential measures to rein in excessive credit growth. The authorities stand ready to tighten further if necessary.

“The rehabilitation of the banking system is a core part of the program. The IMF staff team continues to work with the Bank of Mongolia on the follow-up to the Asset Quality Review that was completed in 2017. The authorities have committed to taking decisive actions regarding the recapitalization or resolution of under-capitalized banks before the next IMF Executive Board meeting on the sixth review. Over the coming weeks, discussions with the authorities will continue from IMF headquarters.

“The team thanks the authorities for their cooperation, constructive dialogue, and hospitality during its stay in Mongolia.”

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