1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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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 hires banks for proposed US dollar sovereign bond www.timesofindia.indiatimes.com

By Frances Yoon
HONG KONG, Oct 16 (IFR) - The Government of Mongolia, rated Caa1/B-/B-, has mandated Credit Suisse, Deutsche Bank and JP Morgan as joint lead managers and joint bookrunners for a proposed US dollar bond.
A series of fixed income investor meetings and calls in New York, Boston, London, Singapore and Hong Kong will commence tomorrow for a 144A/Reg S senior offering.
The proposed notes have initial ratings of B-/B- (S&P/Fitch).
The sovereign has a $500 million 4.125% percent bond maturing in January 2018, according to Thomson Reuters data.
The sovereign issued a $600 million global bond in March after signing a new funding agreement with the International Monetary Fund.
That offering comprised an exchange offer for holders of Development Bank of Mongolia's state-guaranteed bonds, as well as a new-money component that priced at a yield of 7.625 percent. The notes were bid today at a cash price of 112.3 and a yield of 6.3 percent, according to Tradeweb. (Reporting by Frances Yoon; editing by Daniel Stanton and Vincent Baby)

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Fitch Rates Mongolia's Proposed USD Bond 'B-(EXP)' www.reuters.com

(The following statement was released by the rating agency) HONG KONG, October 15 (Fitch) Fitch Ratings has assigned Mongolia's forthcoming US dollar-denominated bonds an expected rating of 'B-(EXP)'. KEY RATING DRIVERS The expected rating is in line with Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B-' with a Stable Outlook. RATING SENSITIVITIES The rating would be sensitive to any changes in Mongolia's Long-Term Foreign-Currency IDR. On 19 February 2017, Fitch affirmed Mongolia's Long-Term Foreign-Currency IDR at 'B-' with a Stable Outlook. The Long-Term Local-Currency IDR is also 'B-'. Contact: Primary Analyst Andrew Fennell Director +852 2263 9925 Fitch (Hong Kong) Limited 19/F Man Yee Building 68 Des Voeux Road Central Hong Kong Secondary Analyst Stephen Schwartz Senior Director +852 2263 9938 Committee Chairperson James McCormack Managing Director +44 20 3530 1286 Date of Relevant Rating Committee: 17 February 2017 Media Relations: Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: wailun.wan@fitchratings.com. Additional information is available on www.fitchratings.com Applicable Criteria Country Ceilings - Effective from 16 August 2016 to 21 July 2017 (pub. 16 Aug 2016) here Sovereign Rating Criteria - Effective from 18 July 2016 to 21 July 2017 (pub. 18 Jul 2016) here

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Mongolia to import wheat from Russia next month www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Food, Agriculture and Light Industry has reported that Mongolia will import wheat from the Russian Federation next month.

As weather conditions caused crop loss this year, Mongolia made a decision to import wheat from Russia at a market price.

At present, 20 percent of home-grown wheat has been sold as flour mills purchase about 5,000-20,000 tons of wheat at a time.

Although snow fell earlier this month, causing temporary halt, the harvesting is continuing across the nation, officials said.

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Coal power set for one last hurrah www.telegraph.co.uk

Britain's remaining coal-fired power plants could enjoy an 11th-hour revival in the early 2020s despite the Government’s drive to cut carbon emissions, if ministers choose not to risk raising household energy prices.

Fresh research has revealed a change of fortunes for the dwindling fleet of power plants, unless ministers use the autumn budget to raise taxes on carbon at a cost of almost £1bn to consumers.

Coal plants have closed apace in ­recent years as the tax made it more economic to burn gas for power. But analysts predict economics will swing back in favour of coal after 2020 as cheap gas prices begin to rise and coal prices fall. A glut of liquefied natural gas projects, which export globally via tankers, has kept a lid on the commodity price of gas but rising demand will squeeze supplies within the next five years, according to Aurora Research.

Meanwhile, a boom in coal production from China could send rising coal prices into reverse. Richard Howard, an analyst at Aurora, said the economic flip would require the Government to set a carbon price of around £40 a ton by 2025 to phase out coal using market-drivers. Currently UK carbon prices are pegged at £23 a ton, nearly five times that paid in the rest of Europe, where the EU market values carbon at just €6 (£5.34) a ton.

But raising the carbon tax could add almost £1bn, or an extra £10 to each energy bill every year, at a time that ministers are hoping to clamp down on rising bills. 

Excluding a market-based approach to rely solely on its political commitment to ban coal from 2025 could leave the door open for the grid to use more coal-fired power in the early 2020s ­before a sudden cliff edge wipes out the final 13GW of power capacity at a stroke. A steadily rising carbon tax combined with the political moratorium would encourage investment in lower carbon options.

“The Government faces a tough ­decision on the future of the carbon price,” said Mr Howard. Ministers will be wary of balancing their competing priorities to meet carbon reduction targets, while securing affordable energy and managing tax receipts, he added.

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US opposition blocks World Bank's capital increase www3.nhk.or.jp

A committee of the World Bank Group has failed to agree on a capital increase due to opposition from the United States.

The World Bank and IMF joint development committee met in Washington on Saturday. Representatives from Japan, the United States, China and other member nations discussed a proposal to boost the bank's capital to enhance its financial capacity.

But the World Bank's biggest financial contributor, the United States, reportedly argued that higher-income emerging economies such as China should be able to raise their own capital in the markets.

The World Bank is urging its members to agree on a capital increase when it holds meetings next spring.

However, it is unclear if they can reach an agreement, given the US stance on the issue.

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Fed's Yellen says watching inflation closely but economy is strong www.reuters.com

WASHINGTON (Reuters) - The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation, Federal Reserve Chair Janet Yellen said on Sunday.

“We will be paying close attention to the inflation data in the months ahead,” Yellen said in prepared remarks at an international banking seminar in Washington. “My best guess is that these soft readings will not persist.”

Yellen also said she expected the U.S. economy to exceed its long-term trend during the second half of the year and repeated the impact of recent hurricanes on the economy should be temporary.

The U.S. central bank voted to hold interest rates steady at its last policy meeting in September. Since then, Yellen has repeatedly acknowledged rising uncertainty on the path of inflation, which has been retreating from the Fed’s 2 percent target rate for much of the year.

Minutes from the meeting, released last Wednesday, showed policymakers had a broad debate about recent soft inflation and the impact on interest rates if it fails to rebound.

However, Yellen and some other key policymakers have also made plain they expect to continue to gradually raise interest rates given the strength of the overall economy and continued tightening of the labor market.

Fed officials largely shrugged off a weak jobs report for September and pinned the decline in employment on Hurricanes Harvey and Irma temporarily displacing workers.

In her speech, Yellen said the most recent wage gains contained in the September jobs report were encouraging and that she expected the central bank to raise interest rates further.

“We continue to expect that the ongoing strength of the recovery will warrant gradual increases in that rate to sustain a healthy labor market and stabilize inflation around our 2 percent longer-run objective.”

The central bank has raised interest rates four times in its tightening cycle which began in late 2015. The Fed currently predicts one more rate rise this year and three the next.

The Fed has two more scheduled meetings this year, in November and December. Investors currently see the Fed raising interest rates in December.

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Sebastian Kurz: Austrian conservative set to become world's youngest leader www.bbc.com

Austria's conservative People's Party, led by 31-year-old Sebastian Kurz, is set to win the country's general election, projections suggest.
Mr Kurz is on course to become the world's youngest national leader.
The People's Party was set to win more than 31%. It is so far unclear whether the Social Democrats or the far-right Freedom Party will finish second.
Short of a majority, Mr Kurz's party could seek an alliance with the anti-immigration Freedom Party.
Addressing his supporters, Mr Kurz said: "It is time for change in this country. Today is a strong order for us, to change this country, and I say thank you to you all who made this possible.
"I'm overwhelmed, I am happy, and I look forward to working for Austria."
Who is Sebastian Kurz?
Before the election, Mr Kurz served as Europe's youngest-ever foreign minister, after he was appointed in 2013 aged just 27.
In May 2017 he became the leader of the People's Party. He began his political career in the youth wing of the party, which he chaired before moving on to serve on Vienna's city council.
Nicknamed "Wunderwuzzi" (roughly translated - someone who can walk on water), he has been compared to the young leaders of France and Canada, Emmanuel Macron and Justin Trudeau.
Much like Mr Macron, Mr Kurz has created a movement around himself, rebranding the People's Party - which has been in power for more than 30 years - as "The New People's Party".
What were the main issues?
Immigration was the dominant issue in the run-up to the vote, and Mr Kurz moved his party to the right in the wake of Europe's 2015 refugee crisis.
He appealed to conservative and right-wing voters with pledges to shut down migrant routes to Europe, cap benefit payments to refugees, and bar immigrants from receiving benefits until they have lived in Austria for five years.

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Kyrgyzstan election: Sooronbai Jeenbekov wins historic election www.bbc.com

Voters in Kyrgyzstan have elected a new president in a historic election.
Sooronbai Jeenbekov, a former prime minister backed by incumbent Almazbek Atambayev, won outright, confounding predictions of a tight race.
His main rival Omurbek Babanov got just over a third of the vote.
The former Soviet republic, a close ally of Russia, is now on track for its first peaceful power transfer since independence in 1991. The first two presidents were ousted by riots.
Unlike other Central Asian states, which have been run by authoritarian leaders, Kyrgyzstan is a democracy.
Presidents are restricted to a single six-year term under a constitution that has been in force since 2010.

Election officials said Mr Jeenbekov had secured well over 50% of the vote in Sunday's first round, against about 33% for Mr Babanov, an oil tycoon.
The election has been overshadowed by a row over allegations of interference from neighbouring Kazakhstan.
Current Kyrgyz President Almazbek Atambayev angered the Kazakh authorities by saying Mr Babanov, who made his money there, was their choice for president. He has denied that he was backed by them.
In response Kazakhstan tightened customs checks at the border, leading to long queues.

 
 
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Bitcoin now bigger than Bayer, Goldman Sachs & Nike www.rt.com

The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum.

Its market capitalization is approaching $97 billion. If bitcoin were a company, its market cap puts it in the same league as some of the world's biggest corporations.

The cryptocurrency would be in 77th in PwC's list of the top 100 corporations, bigger than Bayer, Goldman Sachs, UPS, Nike, and Mitsubishi.

Bitcoin is up over 480 percent year-to-date.

The reason behind the rally is talk China may reverse the ban it imposed on cryptocurrency exchanges last month. The Chinese central bank also declared initial coin offerings (ICOs) illegal and banned fundraising through ICOs.

After the Chinese ban, the Japanese yen consolidated the global trade volume, with 57 percent of bitcoin’s fiat exchange volume. The US dollar and South Korean won follow.

Some investors say bitcoin bulls could test a new ceiling of $6,500. They are also buoyant that banking giant Goldman Sachs is likely to start trading bitcoin.

Mike Novogratz, Galaxy Investment Partners, recently told CNBC that bitcoin can hit the $10,000 mark soon, but with a warning.

“Remember, bubbles happen around things that fundamentally change the way we live,” he said.

“The railroad bubble. Railroads really fundamentally changed the way we lived. The internet bubble changed the way we live. When I look forward five, 10 years, the possibilities really get your animal spirits going.”

Bitcoin is likely to become "the biggest bubble of our time," he added.

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Mongolia Energy Corporation Limited (0276) Is Yet to See Trading Action on Oct 13 www.highpointobserver.com

Shares of Mongolia Energy Corporation Limited (HKG:0276) closed at 0.244 yesterday. Mongolia Energy Corporation Limited currently has a total float of 1.88 billion shares and on average sees 2.32M shares exchange hands each day. The stock now has a 52-week low of 0.21 and high of 0.59.

Getting To Know Asia’s 3rd Largest Stock Exchange
Asia is home to some of the biggest and most successful stock exchanges worldwide. Mongolia Energy Corporation Limited together with other companies found their audience at this market. This is mainly the reason behind the region’s fast-paced economic growth.

In terms of market capitalization, the Stock Exchange of Hong Kong (SEHK) is the third largest stock exchange in Asia, making it the sixth biggest stock exchange globally. As of 2015, more than 1,800 stocks are listed on it, bringing its total market capitalization to almost HK$25 trillion.

Asia’s 3rd Largest Stock Exchange
Asia’s third biggest stock exchange has been around since 1891, making it one of the oldest stock exchanges in the region as well. Its establishment comes after the foundation of Hong Kong’s Association of Stockbrokers. The SEHK follows the Tokyo Stock Exchange (TSE) and the Shanghai Stock Exchange (SSE) in terms of market capitalization. Good Mongolia Energy Corporation Limited liquidity helps it to stay in the lists of SSE.

The pre-market session on the SEHK opens at 9:00 a.m. and concludes at 9:30 a.m. Then, the regular morning session opens at 9:30 a.m. and concludes at 12:00 n.n. The regular afternoon session on the SEHK opens at 1:00 p.m. and concludes at 4:00 p.m.

The Hang Seng Index (HSI)
The HSI, overseen by the Hang Seng Indexes Company, is the primary index in Hong Kong measuring the top 50 stocks on the SEHK. It monitors stocks based on market capitalization with respect to free-float shares or commonly traded shares.

Given its broad nature, the HSI had to be divided into four sectors on January 2, 1985 in order to provide a better representation of the nation’s equity market. These sectors are Utilities, Materials, Financials, and Energy.

A stock that has been listed on the SEHK for 24 months or more can be eligible for inclusion in the HSI. However, a stock that has been listed on the SEHK for just three months can already be eligible for inclusion as long as it comes with superior overall performance. The HSI is rebalanced four times a year in order to optimize economy indication.

Currently, the HSI has an all-time low of 58.61 points, which was last seen on August 31, 1967; and an all-time high of 31,638.22 points, which was last seen on October 30, 2007. Its all-time intraday high of 31,958.42 points was also last seen during the said session.

The HSI had first touched the 10,000-point level on December 10, 1993; the 20,000-point level on December 28, 2006; and the 30,000-point level on October 18, 2007. It had fallen almost 70% from its all-time high on October 27, 2008, touching the 10,000-point level once again.

Eventually, the HSI was able to make a comeback, touching the 20,000-point level again on July 24, 2009. It had touched the 25,000-point level on August 19, 2014; the 26,000-point level on April 8, 2015; and the 28,000-point level on April 13, 2015.

Investing on SEHK stocks is an ideal move for investors given Hong Kong’s competitive position in the global economy. SEHK is also one of the main goal for Mongolia Energy Corporation Limited.This year, CG Watch has once again recognized Hong Kong as one of the Asian nations boasting with excellent corporate governance.

More recent Mongolia Energy Corporation Limited (HKG:0276) news were published by: Reuters.com which released: “China’s Shenhua suspends two coal mines, Mongolia set to benefit” on August 04, 2017. Also Seekingalpha.com published the news titled: “Asia Frontier Capital’s Mongolia Travel Report” on November 14, 2016. Bloomberg.com‘s news article titled: “Mongolian Mining Seeks Debt Moratorium as It Outlines Winding Up” with publication date: July 08, 2016 was also an interesting one.

MONGOLIA ENERGY CORPORATION LIMITED is a Hong Kong investment holding firm principally engaged in resources businesses. The company has market cap of $459.03 million. The Company’s main businesses include the mining of coal, the production and sales of coal products, such as cleaned coking coal and steam coal, the provision of coal transportation services, as well as coal processing. It currently has negative earnings.

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