1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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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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TPP trade deal will continue without Trump www.bbc.com

Asia-Pacific trade ministers have agreed to resuscitate the controversial Trans-Pacific Partnership (TPP) trade deal, despite US President Donald Trump abandoning it.
Mr Trump signalled in January he would block the passage of the 12-nation pact in order to protect American jobs.
Trade ministers from the 11 remaining countries have met in Vietnam to get the deal back on track.
The representatives also agreed to help the US rejoin the deal at any time.
The bid to revive the TPP, which would have covered 40% of the global economy, was led by trade ministers from Japan, Australia and New Zealand.
New Zealand trade minister Todd McClay said the remaining countries "are committed to finding a way forward to deliver" the deal.
Door still open
Although the door will be kept open for the US to rejoin the pact, its trade representative Robert Lighthizer said it would not return to the TPP.
"The United States pulled out of the TPP and it's not going to change that decision."
"The president made a decision, that I certainly agree with, that bilateral negotiations are better for the United States than multilateral negotiations."
The remaining 11 countries pushing on with the deal are Japan, Canada, Australia, New Zealand, Singapore, Mexico, Peru, Chile, Vietnam, Malaysia and Brunei.

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Saudi, U.S. cement partnership by signing deals worth 280 bln USD www.xinhuanet.com

RIYADH, May 20 (Xinhua) -- U.S. President Donald Trump and Saudi King Salman bin Abdulaziz Al Saud signed on Saturday here a series of agreements worth 280 billion U.S. dollars, Arabiya local news reported.
The agreements cover military, commercial, energy and petrochemical sectors and are expected to offer hundreds of thousands of jobs in both countries, Arabiya said.
The agreements came at a U.S.-Saudi summit, which will be soon followed by Gulf-U.S. summit and Arab Islamic U.S. summit.
Trump arrived in Riyadh on Saturday morning as the first leg of his first foreign visits since his election as U.S. President.

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Softbank sets up new technology fund www.nhk.or.jp

Japanese telecom giant Softbank Group has officially announced a 93-billion-dollar fund to foster developments in cutting-edge technology.

Backers include government funds from Saudi Arabia and the United Arab Emirates, US tech giant Apple and US chip maker Qualcomm. Taiwan's Hon Hai Precision Industry, also known as Foxconn, will also invest along with its Japanese subsidiary Sharp.

Sources say that Apple has committed around one billion dollars and Larry Ellison, the founder of US software company Oracle, is chipping in another billion.

Softbank Chairman and CEO Masayoshi Son says technology has the potential to address the biggest challenges and risks facing humanity today.

He says businesses working to solve these problems will need long-term capital and support.

The fund has a target of 100 billion dollars

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US, Saudi Arabia agree on business deals www.nhk.or.jp

US President Donald Trump wrapped up the first day of his visit to Saudi Arabia by touting huge investment deals. He said the projects involved would lead to tens of thousands of new jobs in both countries.

Trump received a royal welcome Saturday as he arrived in Riyadh on the first leg of his first foreign tour since taking office. After meeting with King Salman bin Abdulaziz and other royal family members, he ended the day with a banquet and dancing.

Government officials of both countries say Saudi and US company representatives held talks on business projects worth at least 200 billion dollars.

Saudi Arabia's state-run oil firm, Saudi Aramco, signed 50 billion dollars' worth of agreements with 11 American firms, including General Electric.

US private equity firm Blackstone said Saudi Arabia's Public Investment Fund will provide 20 billion dollars for a new fund for infrastructure projects in the United States.

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Philadelphia Orchestra visit to Ulaanbaatar is now definite for June 1-5, thanks to key support from MIAT, Rio Tinto, Khan Bank and USG www.nambc.org

 
Despite prior reports that it might be canceled because of budget austerity measures affecting Ulaanbaatar City and the Mongolian Government, the long-anticipated Ulaanbaatar visit of the world-famous Philadelphia Orchestra (PO) will definitely take place during June 1-5 as a major component of the celebration of the 30th anniversary of US-Mongolia relations. The Philadelphia Orchestra will be the first Western orchestra to perform in the country; the visit is part of the orchestra’s East Asia tour that also includes China and South Korea. The PO musicians will be accompanied by a group of 15 prominent Pennsylvania business leaders who are patrons of the PO.
 
The visit was rescued by generous support by Rio Tinto, Khan Bank, the US State Department, and MIAT Mongolian Airlines. Together with leading Mongolian soloists, a core Philadelphia Orchestra contingent (30 out of 115 orchestra members) will perform a special Children’s Week concert for young Mongolian students on June 3, as well as a larger public concert at a venue to be announced on the same day. The orchestra will jointly perform with Mongolian military bands at the National Defense University on June 2 and PO Vice President Ryan Fleur will meet with Mongolian arts leaders to discuss support mechanisms for the performing arts. This visit has been a special interest for Mongolia’s Ambassador to the US B. Altangerel and US Ambassador Jennifer Z. Galt, who will host a reception for the PO delegation during the visit.
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IMF Board to again consider approving Mongolia US$5.5 billion Extended Fund Facility (EFF) on May 24 after repeal of mandatory FX deposit clause www.nambc.org

 
The 24-Member Executive Board of the International Monetary Fund has scheduled another review of Mongolia's request to implement the US$5.5 Extended Fund Facility (EFF) at its next meeting on May 24.The request was removed from the IMF board’s April 28 agenda because of concerns about the mandatory FX banking deposit requirement contained in an amendment to the revised banking provision, the so-called Resolution 29 or Subclause 11 requirement, which parliament subsequently repealed.
 
Finance Minister B. Choijilsuren recently told a journalist that the financing package within the EFF will be around US$5.5 billion, of which US$2.2 billion covers an extension of the swap line between the People's Bank of China with the Bank of Mongolia, plus an IMF loan of US$440 million with a 15 year term at less than 2% interest. In addition, the Asian Development Bank (ADB) will grant a loan of US$900 million, of which US$600 million will cover the state budget deficit and US$300 million to fund programs and projects. In addition, the World Bank pledged US$600 million with less than 2% interest for a 15 year term, of which Mongolia promised to apply US$440 million to the state budget deficit in 2017-2019, and Japan and South Korea are expected to together provide loans of US$1.3 billion, some of which may be in the form of Ex-Im Bank-style funding for purchasing Japanese and Korean goods and services.
 
Minister Choijilsuren said implementation of loan funds earmarked for programs and projects will await completion of already-started ministry project feasibility studies, slated to be finished by the second quarter of 2017, with disbursement anticipated during 2018-2019.
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Mongolian delegation visits Taiwan, attends CIECA and MNCCI joint meeting www.taiwannews.com.tw

 
The Chinese International Economic Cooperation Association (CIECA) and the Mongolian National Chamber of Commerce and Industry (MNCCI) signed a memorandum of understanding in 2002. Since then, the two organizations alternately held the “Joint Meeting between CIECA and MNCCI” at Taipei and Ulaanbaatar without interruption.
 
This year, CIECA held the meeting at Taipei and Mrs. Magvan Oyunchimeg, CEO of MNCCI, led a delegation of agricultural food products, beverages, construction, mining, IT and tourism business representatives and contractors began to arrive on May 14th.
 
Deputy Minister of Foreign Affairs François Wu, Chih-Chung delivered remarks at the welcoming dinner on May 15th. For the meeting on the 17th, 110 delegates from both sides attended the conference. Chairman Kuo, Lin-Wu of CIECA’s Mongolia Committee (Vice Chairman, Taiwan External Trade Development Council, TAITRA) and Mrs. Magvan Oyunchimeg jointly presided over the conference.
 
Experts and businessmen from both sides reported on business opportunities and exchanged views on “Mining”, “Renewable Energy”, “Investment Environment in Mongolia”, “E-Commerce” and “Experience Sharing”.
 
During their stay, Mongolian delegates have been arranged to visit the Export-Import Bank of the Republic of China which is responsible for financial business between the two nations, TAITRA, ANKO Food Machine Co., Ltd. and King Car Group’s Kavalan Distillery with the expectation of exploring substantive business opportunities.
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Baogang Group, MCC cooperate on mineral resources www.chinadaily.com.cn

 
Baogang Group signed a long-term cooperation agreement with Mongolian Mining Co (MCC), the largest privately owned coal mining company in Mongolia, on mineral resources on May 12, reports Baotou Daily.
 
According to the agreement, the two companies will cooperate in areas like coal mining, ore washing and selecting.
 
The move marks remarkable progress in international cooperation for Baogang Group, an iron and steel State-owned business based in Baotou, Inner Mongolia autonomous region.
 
Bordering Inner Mongolia autonomous region, Mongolia is one of the Belt and Road Initiative countries. It boasts rich mineral resources including iron and coal.
 
Baotou has formed partnerships with Mongolia in various areas over the past few years as part of the implementation of national strategies for China’s Belt and Road Initiative and the China-Russia-Mongolia Economic Corridor.
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FRC reports only two percent of Mongolians are actively involved in the stock market www.theubpost.mn

 
Out of the 92 percent of Mongolian citizens eligible to participate in the stock market, only two percent are actively participating in trading, reports the Financial Regulatory Commission (FRC).
 
When former Prime Minister Su.Batbold’s administration provided each Mongolian citizen with 1,072 shares in Erdenes Tavan Tolgoi, every citizen who received shares had an account with the stock exchange automatically registered in their name.
 
In recent years, the FRC has been making efforts to develop the stock market with a project being carried out with the Japanese International Cooperation Agency (JICA), the Project for Capacity Building of the Capital Market in Mongolia. The project has been carried out for the past three years.
 
The purpose of the project is to improve market confidence by developing an active primary market at the MSE by increasing the number of IPOs released for unlisted Mongolian companies with sound fundamentals, as well as promoting dual listings for those listed on overseas stock exchanges. The FRC and JICA believe that the project will also enhance the financial literacy of the general public.
 
Financial and accounting requirements, legislative differences, and the limitations of the Mongolian market all serve as obstacles for the dual listing of Mongolian companies. As of right now, there are no companies listed on the Mongolian Stock Exchange (MSE)that are also listed on another stock exchange.
 
Mongolia International Capital Corporation (MICC) hassuggested that relatively small companies could launch a collective IPO. Once listed on the MSE for a year or more, the possibility of dual listing will open up for companies, says MICC. They also noted that Mongolian companies should look for being dual-listed on stock exchanges with less stringent requirements, such as South Korea’s KOSDAQ.
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Mongolia adopts law for youth development www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its plenary session on May 18, Thursday, Parliament made the final reading of and adopted a Law on Youth Development, producing the country’s first law for the younger generation.
 
The newly adopted law legalizes the establishment of a ‘Fund for Youth Development’, affiliated with the Ministry of Labor and Social Protection. According to N.Nomtoibayar, Minister of Labor and Social Protection, money up to MNT 1 billion can be accumulated in the fund which can be spent for supporting young people financially.
 
During the drafting of the law, a survey was conducted engaging 27300 young people from across the country. The survey found that 45 percent of the participants has housing problems, and 27.3 percent identified employment as the number one issue whereas education is the most pressing issue for 18 percent of the participants.
 
Parliament Members appreciated the arrival of the first independent law to regulate the social role and responsibilities of young people, aged between 15-34 and who constitute 35.5 percent of the population. The Parliament voted up the adoption of the law by 76.1 percent.
 
Encompassing 7 articles and 24 clauses, the Law on Youth Development will take effect on January 1, 2018.
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