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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US citizen found dead in UB Hotel www.news.mn

A citizen from the United States was found dead in the Shangri-La Hotel yesterday (12 December). According to the police, the 34 year–old man had been strangled to death by his belt in a hotel room. The police have seized an empty bottle of alcohol and other belongings as evidence. The case is being investigated by the Sukhbaatar District Police Department.

According to unofficial sources, the American was from the military.

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Japan, Mongolia confirm cooperation over N. Korean abduction issue www.mainichi.jp

TOKYO (Kyodo) -- Japanese Prime Minister Shinzo Abe and his Mongolian counterpart Ukhnaa Khurelsukh agreed Thursday to work together to settle the issue of past abductions of Japanese nationals by North Korea as Ulan Bator maintains friendly ties with Pyongyang.

Inner Mongolia not found or discarded in 14 pref
In a joint press announcement after their talks in Tokyo, Abe said, "I received strong support from Prime Minister Khurelsukh to resolve the abduction issue."

The Abe administration has made it one of its top priorities to bring back all Japanese nationals kidnapped by North Korean agents in the 1970s and 1980s.

The two leaders reaffirmed the importance of fully implementing U.N. Security Council resolutions imposed on North Korea over its nuclear and missile development programs to realize the denuclearization of the Korean Peninsula.

Tokyo expects Ulan Bator to play an intermediary role with Pyongyang. Shortly after a historic U.S.-North Korean summit in June in Singapore, Japanese and North Korean officials met on the sidelines of a security forum in Mongolia.

A top Japanese intelligence official close to Abe secretly made contact with North Korean officials in early October in Mongolia, according to a source familiar with the matter.

Abe and Khurelsukh also agreed to deepen bilateral defense cooperation, with the Japanese Defense Ministry continuing to provide support to the Mongolian armed forces to enhance their capacity building, according to a joint statement released after the meeting.

On the economic front, they agreed on the need to strengthen business relations based on a bilateral free trade agreement that came into force in 2016.

In the press announcement, Khurelsukh promised to launch operations of the new Ulan Bator airport as early as possible, which is being built with Japanese official development assistance.

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Mongolia, Japan issue joint statement to strengthen cooperation www.xinhuanet.com

ULAN BATOR, Dec. 13 (Xinhua) -- Mongolian Prime Minister Ukhnaa Khurelsukh and his Japanese counterpart Shinzo Abe issued a joint statement after their official talks in Tokyo on Thursday to expand bilateral ties and cooperation, according to the government press office of Mongolia.

Khurelsukh is on an official visit to Japan from Dec. 12 to 15 at the invitation of his Japanese counterpart. This is Khurelsukh's third overseas trip since he took office in October 2017. He visited South Korea in January and China in April.

The statement said that Mongolia and Japan agreed to further strengthen the all-round strategic partnership between the two countries.

The two nations vowed to continue enhancing bilateral and multilateral cooperation to benefit the two countries and peoples, and work closely on expanding bilateral cooperation at the regional and international levels.

Khurelsukh expressed his appreciation to Japan for its support and assistance to Mongolia's social and economic development over the past years.

For his part, Abe expressed his appreciation to Mongolia for providing 100,000 U.S. dollars in humanitarian aid to Japan after downpours in July this year triggered massive flooding and hundreds of landslides in western Japan and claimed hundreds of lives.

The two leaders welcomed the successful conclusion of the ninth public-private consultative meeting between the two nations in Tokyo on Wednesday, and expressed their willingness to make more efforts to deepen bilateral economic, trade, and investment cooperation based on the mechanism of the consultative meeting.

In terms of security, the two Asian countries agreed to enhance bilateral defense cooperation to make more contributions to regional and world peace and stability.

The Japanese side expressed its willingness to continue to actively participate in the annual multinational peacekeeping exercise, code-named Khaan Quest.

In addition, the Mongolian and Japanese leaders hailed the recent positive developments on the Korean Peninsula, describing them as an important step in resolving controversial issues in a peaceful way through negotiations.

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Investment policy introduced to Japanese businessmen www.montsame.mn

Ulaanbaatar /MONTSAME/ The 9th Mongolia-Japan Government and Business Sector Joint Committee meeting was held on December 12 within the official visit of Prime Minister U.Khurelsukh to Japan. Chairman of the National Development Agency B.Bayarsaikhan introduced a presentation titled ‘Investment policy and management of Mongolia’ at the meeting.

In his presentation, Mr. Bayarsaikhan gave information on the current state of economy, development policy planning, internal and external environment for investments, tax and non-tax support, advantages, opportunities and statistics, and introduced the Government activities to support FDI in detail.

Moreover, he mentioned that preparation work for a one-stop service center for foreign investors, which will be put into operation on January 1, 2019, is ongoing. The relevant officials responded to questions from representatives of the two sides and exchanged views on those matters.

Over 90 representatives of government organizations and business sector attended the consultative meeting. Prime Minister of Mongolia U.Khurelsukh made closing remarks.

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Mongolia's industrial output rises 19.5 pct in first 11 months www.xinhuanet.com

ULAN BATOR, Dec. 12 (Xinhua) -- Mongolia's industrial output rose 19.5 percent in the first 11 months this year, compared to the same period last year, official data showed Wednesday.

The industrial output amounted to 14.1 trillion Mongolian Tugriks (over 5.3 billion U.S. dollars) in the January-November period, according to the data released by the National Statistical Office.

Output of the main mining products increased by 18.3 percent year on year, which is a key engine of industrial production growth in Mongolia.

In particular, raw coal production increased by 57.9 percent, and iron ore production rose 3.3 percent year-on-year in the period.

Mining is the main industry of the landlocked Asian country. Currently, the industry accounts for about a quarter of the mineral-rich nation's gross domestic product and about 90 percent of exports.

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Power for every stage of the mine lifecycle www.aggreko.com

Aggreko has supplied CITIC Pacific Mining with critical load-testing capacity along with a highly flexible, supplementary power package during the construction of the Sino Iron project, located at Cape Preston, 100 km south west of Karratha, Western Australia. The project is the largest magnetite mining and processing operation under construction in Australia. Aggreko supplied 12 MVA of loadbank capacity to test the power generation capability of the on-site gas-fired power plant. Once fully commissioned, the 450 MW power plant will provide power to the entire operations at the mine: including the processing plant, the specially built port and the living quarters of the mine’s employees.

Loadbanks are used during commissioning to test the precise power-generating capacity of a power plant before it goes into operation. In addition to load-testing, Aggreko supplied 2.5 MW of power that was used at different stages of the project. This included 1,600 kVA for the commissioning of the processing plant and 350 kVA to power the intake pump of the project’s desalination plant. A further 13 generators were utilised for the commissioning of the dewatering plant.
”Aggreko’s contribution to the Sino Iron project highlights our ability to deliver multi-faceted, fully customised and highly flexible power solutions to our customers,” commented Asterios Satrazemis, Managing Director, Aggreko Australia-Pacific. “Our ability to cope with the complexity and size of the project, along with the constantly evolving demands placed on our equipment, is a great endorsement of both our people and our fleet.” Once fully commissioned, the mine’s own 450 MW power plant would be used to provide power to everything from the mine’s very own port to the many processing facilities. Testing the load on the plant was critical, and our 14 load banks were up to the task.

Our back-up power helped CITIC Pacific tick all those other construction jobs off their list. With our help, they moved closer to the final commissioning of this massive magnetite ore mine.

To learn more about our products and services you may at our site www.aggreko.com or please contact us at Mongolia@aggreko.com or Begench.Turayev@aggreko.com for more information

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China Express plans scheduled flights to Mongolia, Laos, the Philippines and Singapore in 2019 www.kucinta-setia

According to the flight permit notice of CAAC on 12 December 2018, China Express, short for China Express Airlines, plans to launch direct scheduled flights from different Chinese cities to Mongolia, Laos, the Philippines and Singapore in 2019. The proposed routes are listed below:

China Express plans up to thrice-weekly cargo/passenger flights from Hohhot to Ulaanbaatar, the capital of Mongolia, in January 2019.

Cargo/passenger flights from Tianjin to Ulaanbaatar are planned to be operated by China Express up to four times a week starting from January 2019. Aircraft is either Bombardier CRJ900 or Airbus A320-200 aircraft.

China Express plans daily flight from Chongqing to Vientiane, the capital of Laos, using Airbus A320 aircraft. Inaugural flight is planned to take off in January 2019. If there is no opposition from Lao Airlines, Vientiane will be the first airport outside China to welcome China Express' A320-200 aircraft.

In February 2019, China Express plans to launch daily flight from Chongqing to Manila in February 2019 using A320-200 aircraft.

Finally, China Express plans to launch non-stop flight from Guiyang to Singapore Changi Airport in April 2019. Cargo/passenger flights using A320 aircraft will be operated on this route up to four times a week.

If the flight frequencies are not opposed by other air transport operators in China before 18 December 2018 and are approved by the respective airport authorities, China Express will avail the flight schedules and ticket prices on its web-site www.chinaexpressair.com and on-line ticketing platforms such as Ctrip and Trip in due course.

Currently, China Express operates flights from the Guangxi port city of Zhanjiang to Phnom Penh and Don Mueang using Bombardier CRJ900 aircraft.

China Express has a fleet of 6 A320-200 and 38 Bombardier CRJ900 aircraft.

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Revenue of rail and air transports increases respectively www.montsame.mn

Ulaanbaatar/MONTSAME/ In the first 11 months of 2018, 23.4 million tonnes of freight and 2.4 million passengers (double counting) were carried by railway transport. Compared to the same period of previous year, the volume of carried freight increased by 2.8 million tonnes (13.5 percent), whereas the number of carried passengers decreased by 78.2 thousand passengers (3.2 percent).

In November 2018, 2.3 million tonnes of freight and 194.4 thousand passengers transported by railway transport. The freight volume decreased by 136.4 thousand tonnes (5.7 percent), and the number of passengers decreased by 21.2 thousand (9.9 percent) compared to the previous month.

In the first 11 months of 2018, 39.7 percent of the total carried freight through railway was domestic freight, 36.0 percent was export freight, 11.1 percent was import freight and 13.2 percent was transit freight. Export and import freights increased by 1.0 points and 0.9 points, while domestic freight and transit freight decreased by 1.7 points and 0.3 points from the same period of the previous year respectively.

In the first 11 months of 2018, the revenue from railway transport reached MNT 561.2 billion, increased by MNT 80.6 billion (16.8 percent) compared to the same period of previous year.

In the first 11 months of 2018, 2.9 thousand tonnes of freight and 867.5 thousand passengers (double counting) transported by air transport. The freight volume increased by 73.8 tonnes (2.6 percent) and the number of carried passengers increased by 97.6 thousand (12.7 percent) compared to the same period of previous year. In November 2018, 240.5 tonnes of freight and 71.1 thousand persons transported by air transport. The freight volume decreased by 63.4 tonnes (20.9 percent), and the number of carried passengers decreased 7.2 by thousand (9.2 percent) from the previous month.

In the first 11 months of 2018, the total of domestic passengers travelled by air transport reached 325.5 thousand (37.5 percent) showing a rise of 36.6 thousand passengers (12.7 percent) from the same period of previous year. The number of international passengers reached 542.0 thousand (62.5 percent), reflecting an increase of 61.0 thousand passengers (12.7 percent) compared with the same period of previous year.

The revenue from air transport reached MNT 395.9 billion, increased by MNT 37.9 billion (10.6 percent) compared to the same period of previous year. In November 2018, revenue from air transport reached MNT 24.0 billion, decreased by MNT 2.1 billion (8.0 percent) compared to the previous month.

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Tax revenue increases by 30.8 percent www.montsame.mn

Ulaanbaatar/MONTSAME/ In the first 11 months of 2018, total equilibrated revenue and grants of the General Government Budget reached MNT 8.2 trillion and total expenditure and net lending amounted to MNT 8.0 trillion. In the first 11 months of 2017, the equilibrated balance was in deficit of MNT980.4 billion, however, it is in surplus of MNT 266.4 billion in first 11 months of 2018.

In November 2018, equilibrated revenue and grants of the General Government Budget decreased by MNT 303.2 billion and total expenditure and net lending increased by MNT 33.9 billion from the previous month.

Tax revenue reached MNT 7.4 trillion, increased by MNT 1.7 trillion or 30.8 percent compared to the same period of the previous year. This growth was mainly affected by increases of MNT 483.6 billion or 32.7 percent in value added tax, MNT 437.2 billion or 30.5 percent in income tax, MNT 264.3 billion or 22.9 percent in social security income, MNT 230.5 billion or 50.1 percent in excise taxes, MNT 160.8 billion or 35.3 percent in revenue of foreign activities and MNT 134.9 billion or 25.5 percent in other taxes.

The General Government revenue were comprised of 81.4 percent of tax revenue, 9.6 percent of non-tax revenue, 6.7 percent of the future heritage fund and 2.2 percent of stabilization fund.

In the first 11 months of 2018, total expenditure and net lending of the General Government Budget amounted to MNT 8.0 trillion, increased by MNT 522.6 billion or 7.0 percent compared to the same period of the previous year. This growth was affected by increases of MNT 379.2 billion or 6.3 percent in current expenditure, MNT 80.4 billion or 37.3 percent in net lending, MNT 63.0 billion or 5.4 percent in capital expenditure, whereas, subsidies decreased by MNT 26.3 billion or 12.1 percent and MNT 33.5 billion or 3.4 percent in interest compared to the same period of the previous year.

The General Government expenditure and net lending were comprised of 80.7 percent of current expenditure, 15.3 percent of capital expenditure and 4.0 percent of net lending.
source: National Statistics Office

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Constructional project of thermal power plants advances www.montsame.mn

Ulaanbaatar/MONTSAME/ At its regular meeting on December 12, the Cabinet decided to authorize the Minister of Finance Ch.Khurelbaatar to sign a loan agreement for ‘Project to construct thermal power plant in centers of 10 aimags’ to be established between the Ministry of Finance of Mongolia and the Export-Import Bank of Korea.

Within the project, thermal power plants will be constructed in Arkhangai, Bayankhongor, Gobi-Altai, Gobisumber, Dundgobi, Zavkhan, Uvurkhanga, Sukhbaatar, Khentii and Tuv aimags alongside expansion of heating network and modernization of equipment.

The plants will be built with the soft loan worth over USD148 million. The loan with 0.15 percent interest will be repaid within 40 years and will have a moratorium period of 10 years.

Moreover, the Cabinet made a resolution on authorizing to sign the Loan Agreement objecting to the reduction of air pollution of Ulaanbaatar city.

The agreement reflects that USD40 million out of USD60 million which is stipulated to be a budgetary support will be received this year and remaining USD20 million will be received in the third quarter of next year. The loan has repayment term of 30 years, interest of 1.5 percent and moratorium period of 10 years.

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