MNB World channel launches www.montsame.mn

Ulaanbaatar /MONTSAME/ An official launching of the first English channel ‘MNB World’ of the Mongolian National Public Radio and Television (MNB), which will deliver news and media programs in English, took place on December 20.

Former Inner Mongolia bank chief handed death sentence with two-year reprieve www.globaltimes.cn

A former bank chief in north China's Inner Mongolia Autonomous Region was sentenced to death with a two-year reprieve on Friday by a local court for accepting bribes and embezzling public funds worth tens of millions of US dollars.

Engagement plan for Mongolia Country Partnership Framework www.worldbank.com

The World Bank Group is organizing second round of public engagements with diverse stakeholder groups to gather their views and recommendations as it prepares the new Country Partnership Framework (CPF) for Mongolia. The CPF identifies and prioritizes critical areas where the World Bank Group support would have the biggest impact in promoting sustainable poverty reduction and shared prosperity, from 2019 to 2024.

Face-to-face meetings will be organized with government, Parliament, civil society organizations, donors and development partners as well as private sector groups from January 28 to February 1, 2019. Online consultations will continue from December 24, 2018 to February 28, 2019 to enable participation of the broader population.

BACKGROUND

The first round of engagements to gather feedback on key opportunities and challenges to ending poverty and boosting shared prosperity in Mongolia as well as potential WBG support areas was organized in August–October 2017. More than 400 stakeholders from government, Parliament, development partners, civil society organizations and private sector in Ulaanbaatar and 4 regions shared their views through face-to-face meetings and online surveys. The analytical document on Mongolia’s development challenges and opportunities in which the feedback from previous round of engagement was considered is available at here . Summary of the feedback can be found at this link and is also available as an attachment to the Mongolia - Systematic Country Diagnostic (SCD).

KEY STAKEHOLDERS:

Second round of engagements will be conducted with a wide range of stakeholders in Ulaanbaatar as well as, including:

Government: government ministries and agencies
Parliament
Development Partners: UN agencies, donors, multilateral and bilateral development partners
Civil Society Organizations: Non-profit organizations and associations, labor groups, think tanks, academia and research groups
Private Sector: Representatives from the business sector, foreign and domestic invested businesses, small and medium enterprises, chambers of commerce, business councils.
ENGAGEMENT PROCESS:

The engagements process will include both face-to-face meetings as well as online/web-based platform to enable participation by a wide range of stakeholders. The structure of face-to-face meetings will allow plenary presentations and discussions and, if needed, small group discussions, and reporting with a neutral facilitator. For online engagement, interested stakeholders will be able to send feedback and comments by email.

LANGUAGE:

The engagements with UN and development partners, academia, private sector will be conducted in English with simultaneous translation to Mongolian language. The engagements with the government, Parliament, civil society organizations and other local groups will be conducted in Mongolian with simultaneous translation to English.

INVITATIONS AND BACKGROUND MATERIALS:

Invitations and relevant background materials in English and Mongolian will be sent to the participants before the scheduled meetings.

STAKEHOLDER FEEDBACK:

Meeting summaries, in both Mongolian and English, will be posted on the consultation website for Mongolia.

After the final approval, the CPF will be made publicly available and posted on the World Bank in Mongolia website.

Mongolia's foreign trade up 23.6 pct in first 11 months www.xinhuanet.com

ULAN BATOR, Dec. 21 (Xinhua) -- Mongolia's goods trade went up 23.6 percent year-on-year to 11.9 billion U.S. dollars in the first 11 months of 2018, official data showed Friday.

“Eco & Innovative" Mining and Construction supply seminar www.urantusul.com

Uran tusul LLC is successfully growing on mining and construction supply business since 2003. The company is going to organize “Eco & Innovative Technology in Mining and Construction supply” seminar on the occasion of its 15th anniversary by the support of British Embassy in Mongolia and Mongolian Business Database (MBD).
At the event, representatives and directors of British “Monaflex”, “Airboss” brands which the company represents in Mongolia and other partners will introduce their innovative new eco-technologies and products.

Seminar and reception are going to take place on the 17th of January 2019, at Ulaanbaatar receptions hall, 5th floor of “The Corporate Hotel and Convention Center” at 15:30.
Please be welcome to our event to celebrate to our anniversary with great opportunity to meet with relevant industry technologies.

Please contact Ms.T.Narantsatsralt at 88097092 for information in details.

Domestically produced petroleum to be sold at MNT 850 per litre www.zgm.mn

Ministry of Mining and Heavy Industry (MMHI) held its monthly meeting Transparent and Responsible Mining yesterday, during which the Minister Sumiyabazar Dolgorsuren disclosed that the construction of oil refinery is currently 80 percent complete.

45-meters deep underground cave discovered in Mongolia www.akipress.com

An underground cave 45-meters deep was discovered in Mongolia on the territory of Dashbalbar, Dornod aimag, Mongolian media report.

Nissan's Ghosn re-arrested, chances of imminent bail dashed www.reuters.com

TOKYO (Reuters) - Japanese prosecutors re-arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail imminently.

The move comes a day after a Tokyo court unexpectedly rejected prosecutors’ request to extend Ghosn’s detention, which raised the possibility that he could go free on bail as early as Friday.

The re-arrest means he could be detained for at least another 10 days in a Tokyo jail, where he has been confined since he was arrested last month on initial allegations of financial misconduct.

The Tokyo prosecutor said the new allegations were based on suspicions that around October 2008, Ghosn shifted personal trades to the automaker so that he could avoid paying for 1.85 billion yen ($16.6 million) in losses.

His lawyer, Motonari Otsuru, was not available for comment. The lawyer has previously declined to return calls regarding the Ghosn case.

The Tokyo court said in a statement that the lawyer for Ghosn’s former deputy Greg Kelly, who was arrested along with Ghosn, has requested his client’s release. Kelly’s detention extension was rejected along with Ghosn’s.

The dramatic turn of events on Friday came hours after Ghosn, through his lawyer and quoted by Japanese public broadcaster NHK, vowed to restore his good name in court and to hold a news conference after his release.

“Things as they stand are absolutely unacceptable,” he was quoted as saying. “I want to have my position heard and restore my honor in court.”

Television camera crews had gathered outside the Tokyo jail on Friday morning in hopes of catching sight of Ghosn being released.

Ghosn was initially arrested on Nov. 19 for allegedly understating his income by about half over a five-year period from 2010. He was later re-arrested for a similar alleged crime covering the past three years.

Nissan said after his arrest that it unearthed multiple instances of possible wrongdoing in an internal investigation triggered by a whistleblower.

The internal probe is ongoing, and has included allegations of diverting company funds to pay for personal expenses. Sources have told Reuters that investigators have been looking into the use of an internal “CEO Reserve” fund and the role of overseas subsidiaries in alleged financial misconduct.

The Ghosn case has put Japan’s criminal justice system under international scrutiny and sparked criticism for some of its practices, including keeping suspects in detention for long periods and prohibiting defense lawyers from being present during interrogations, which can last eight hours a day.

Documents seen by Reuters showed that some discussions about compensating Ghosn out of the public eye were not confined to Nissan, but also included Renault executives.

While Nissan ousted Ghosn from his role as chairman shortly after the initial arrest, Renault has so far not replaced him.

A Nissan spokesman declined to comment on the re-arrest, saying only that the internal investigation was ongoing and expanding into new areas.

Reporting by Kiyoshi Takenaka, Ritsuko Ando, Tim Kelly, Linda Sieg and Malcolm Foster; Writing by Ritsuko Ando; Editing by Stephen Coates and Christopher Cushing

ADB signs its first project on domestic violence response and prevention in Mongolia www.montsame.mn

Ulaanbaatar/MONTSAME/ The Asian Development Bank (ADB) and the Government of Mongolia today signed a USD3 million grant agreement to strengthen the prevention and response to domestic violence.

Mongolia’s Cryptocurrency Exchange “AIS-X” Establishes Business Partnerships with Local Financial Institutions, Starting Operations as an Integrated Financial Service from March 2019 www.apnews.com

ULAANBAATAR, Mongolia--(BUSINESS WIRE)--Dec 20, 2018--AIS-X is an exchange that offers more than just a cryptocurrency trading service. The Japanese founders of AIS, Mr. Takigawa and Mr. Kondo, focused their attention on the future expansion of use of cryptocurrency and blockchains, as well as the growth of the Mongolian economy, and they made the most of their excellent network of connections in Mongolia to start the AIS business. Striving to enhance customer convenience, AIS-X has established business partnerships with local financial institutions to achieve the goal of an integrated financial service. Three financial institutions have entered into partnerships with AIS-X.

The 1st financial institution is National Investment Bank of Mongolia (hereinafter “NI BANK”). In 2014, NI BANK received the award of “Fastest Growing Customer Service in Mongolia” from the Mongolian Bankers Association, and in 2015, it received the “Fastest Growing Corporate Bank in Mongolia” award from the Global Banking and Financial Review. Through the partnership with NI BANK, AIS-X’s clients will be able to make deposits and withdrawals in legal tender from all around the world, and the option of managing fixed-term deposits with high interest (e.g. USD, EUR, MNT, CNY, JPY) will be provided. Also, by making it possible to issue NI BANK debit cards, AIS-X will strive to further enhance customer convenience when making withdrawals.

The 2nd financial institution is National Securities. National Securities is a securities company that holds a full license enabling it to be the lead manager for an IPO. Through the partnership with National Securities, AIS-X’s clients will be able to buy and sell securities around the world. Looking ahead, there are plans for a securities trading service where AIS-X exchange tokens are used directly.

The 3rd financial institution is Express Finance Service (hereinafter “EFS”). EFS is an institution that conducts loan operations. Through the partnership with EFS, AIS-X’s clients will be able to receive loans in cryptocurrency and legal tender, using cryptocurrency as collateral. By making use of such loans, clients will no longer need to sell the cryptocurrency in their possession in situations where funds are required, releasing them from the tax risk involved at the time of selling.

AIS-X also offers an AI Concierge service, where AI analyzes the behavioral characteristics of users and provides investment advice best suited to each user’s individual character. The strength of AIS is that, through this technology, it can attract beginners and other users who are not good at making investments. For details, please watch the following video: https://youtu.be/f8ApLLtuLYQ

At AIS-X, exchange tokens called “AIS” are issued. In addition to the integrated financial service, it also operates two types of mining businesses (Double Mining), and the system is that part of the profits from these businesses is distributed to holders of AIS tokens.

The 1st business is cryptocurrency mining. Mongolia’s electricity costs are low compared to many countries, and combined with a cold climate, it is a country ideally suited to cryptocurrency mining. AIS-X has specially customized Baikal’s mining machines, enabling mining to be conducted at rates of maximum efficiency.

In the 2nd business, AIS-X conducts resource (mine) mining, making it the first cryptocurrency exchange in the world to perform such activities. Mongolia has abundant underground resources, and there are reserves of rare metals that are vital to industry, such as gold, silver, and molybdenum. AIS-X is negotiating a partnership with Mongolia’s largest mining company Sharyn Gol JSC, and it will be involved in resource mining projects through direct investment.

List of AIS-X Business Partners

NI Bank https://www.nibank.mn/ National Securities http://www.nationalsecurities.mn/ Express Finance Service http://m.exchange.mn/ Sharyn Gol JSC http://sharyngol.mn/
Regarding AIS Tokens Sale prices: 0.04USD (PRESALE STAGE1) - 0.2USD (PRESALE STAGE10) Final token sale price: 0.3USD For detailed information, please consult the following URL:

AIS Official Website: https://ais-x.io/
Starting from Christmas, AIS-X is launching an Airdrop Campaign where AIS tokens up to a maximum value of 10,000 dollars can be received.

AIS Airdrop Campaign: https://airdrop.ais-x.io
AIS Official Social Media Accounts are as follows:

Official Telegram: https://t.me/aisofficial Official Twitter: https://twitter.com/aisx_official Official Facebook: https://www.facebook.com/AISXOFFICIAL
View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005218/en/

CONTACT: For inquiries regarding this press release

National Investment Exchange LLC (NIEX LLC)

Ryosuke Hagiwara

Address: 3rd Khoroo Usnii Street-1, Royal Plaza Building, Sukhbaatar, Ulaanbaatar, Mongolia

TEL: +81-90-8875-5597

Email:ais-support@ais-x.io

KEYWORD: ASIA PACIFIC MONGOLIA JAPAN

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE SECURITY NATURAL RESOURCES MINING/MINERALS PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: National Investment Exchange LLC

Copyright Business Wire 2018.

PUB: 12/20/2018 04:30 AM/DISC: 12/20/2018 04:30 AM

http://www.businesswire.com/news/home/20181220005218/en