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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MBD Business delegates are heading to Washington DC www.mongolianbusinessdatabase.com

 

MBD business delegates from different business sectors including mining, transportation, construction material and cashmere are heading to Washington DC for North America-Mongolia Business Council's 27th AGM and Investors Forum between 26-28 April.

Distinguished guests including Ms.J.Galt US Ambassador to Mongolia, Mr.B.Altangerel Mongolian Ambassador to USA, Mr.R.Altangerel Mongolian Ambassador to Canada and experts from Mongolia and North America will discuss the outlook for Asia policy under President Trump and prospects for renewed Mongolian economic growth. Eight US Ambassadors to Mongolia will share their views on three decades of US-Mongolia relations.

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Stock exchange weekly review (April 17-21) www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the period between April 17 and 21, 2017, MSE conducted 5 trading sessions with a total value of MNT 24,523,399,191.85. The daily average trading valued at MNT 4.9 billion.
 
Stock trading:
2,103,889 shares of 43 listed companies with a total value of MNT 3,146,864,441.85 were traded. From the total amount, 1,869,321 shares of “Darkhan Selengiin Tsahilgaan Tugeeh Suljee” JSC’s were traded with a total value of MNT 2,998,390,884.
 
Government retail bonds trading:
230,000 government retail bonds with a total value of MNT 20,452,060,000 were traded through one trading session.
 
18,920 government retail bonds with a total value of MNT 1,848,949,500 were traded on secondary market through 7 trading sessions.
 
As of April 21, 2017, the market capitalization valued at MNT 1,492,287,054,233 and “MSE ALL” index increased by 0.14% to close at 838.88 units.
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Mongolia tourist arrivals reaches 76.6 thousand in first quarter of 2017 www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Mongolia’s Visitor Arrivals recorded 629.3 thousand persons in the first quarter of 2017 and 552.8 thousand of them were permanent residents. In relation to the data, Tourist Arrivals recorded 76.6 thousand, which is 12 percent of the Visitor Arrivals. According to the Ministry of Environment and Tourism, the number reached an all-time high of 475.8 thousand in 2012.
 
The People’s Republic of China still composes larger part of the Tourist Arrivals, followed by the Russian Federation, Japan and the Republic of Korea (ROK). Within the given time frame, a total of 23.1 thousand Chinese visitors arrived in Mongolia. The number of Russian visitor arrivals in Mongolia increased by 54.4 percent. Although the data shows an increasing result of 25 percent in Chinese visitor arrivals in Mongolia, the number of Hong Kong visitors decreased by 30.5 percent.
 
As for the Federal Republic of Germany, ROK and Japan, which are considered target markets for Mongolian travel and tourism industry, the data shows an increasing number of visitor arrivals compared to last year. According to the General Authority for Border Protection, a total of 45.1 percent of the total number of tourist arrivals since 2000 were from Europe, while 46.3 percent were from the Asia-Pacific region and 7.5 percent were from the Americas.
 
In the World Economic Forum’s Travel and Tourism Competitiveness Report of 2017, Mongolia’s rank fell behind 3 ranks, down to 102nd in the world. This would mean Mongolia’s travel and tourism environment is valued equal to that of Cambodia and Nepal. The report indicates the sector’s slowdown was due to poor quality of service, lack of planning and diversification in Mongolia.
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Domestic cement manufacturers have capacity to produce 4.3 million tons per year www.mongolia.gogo.mn

 
As of today, a total of seven cement manufacturers are operating in Mongolia with the capacity to produce 4.3 tons of cement per year.
In addition, "Ulgii cement" and "Ah shohoi" companies have commenced the construction of two cement factories in Bayan-Ulgii aimag. The construction process of these factories is at 40-80 percent.
Moreover, Hermes gahiur LLC get licensed to build cement factory based on limestone deposit which locates in Dornogobi aimag. However, the company completed only external infrastructure works and has not started the construction yet. As preliminary research, this cement factory will have the capacity to produce 150-200 thousand tons of cement per year, reports Ministry of Mining and Light Industry.
Meanwhile, cement manufacturers state that due to delayed mortgage lending process, the construction sector has halted which resulting a decrease in cement demand.
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GGGI Country Representative awarded Ministerial Certificate of Merit for advancing Mongolia’s Green Growth www.gggi.org

 
On April 21, GGGI’s Country Representative to Mongolia, Mr. Jon Lyons, was awarded the Environment Ministerial Certificate of Merit for outstanding contributions to Mongolia’s development and natural resource stewardship.
 
The Award was presented by H.E. Batbayar Tserendorj, Vice Minister for Environment and Tourism, together with key technical Director-level partners and GGGI’s country team.
 
This high-level award may be issued by Cabinet members to recognize outstanding contributions to the policy and development goals of a given sector. In Mongolia, the Ministry of Environment and Tourism is charged with leading the implementation of the National Green Development Policy, which forms the foundation of the country INDCs to the Paris Agreement on Climate Change.
 
“This award recognizes the outstanding collaboration and effective contributions to Green Development of GGGI in Mongolia under Mr. Lyons’ leadership,” said Vice Minister Batbayar. “The Ministry of Environment and Tourism looks forward to further deepening its collaboration with GGGI.”
 
The Ministry of Environment and Tourism is GGGI’s primary government counterpart in Mongolia, overseeing all technical and advisory services for green development implementation as well as participating as a Member in the GGGI Assembly.
 
 
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Residential relocation to be restricted starting on April 26 www.theubpost.mn

 
A 60-day restriction on residential relocation will be applied across Mongolia from April 26 to June 27, ahead of the presidential election.
 
Head of the General Authority for Intellectual Property and State Registration R.Sodkhuu issued the order on April 20, in accordance with Article 66 of the Election Law, which states that all movement between districts and provinces will be restricted for 60 days prior to regular and irregular parliamentary, presidential, and provincial elections.
 
The restriction will take effect at 6:00 p.m. on April 26 and end at 8:00 a.m. on June 27, when polling stations for the presidential election have closed.
 
R.Sodkhuu instructed all residential registration departments across the country to expedite applications for changes of residence before the restriction takes effect.
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TIKA to finance infrastructure development www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ A working group led by J.Munkhbat, Member of Parliament and Head of Cabinet Secretariat worked in Khashaat, Ugiinuur and Khotont soums of Arkhangai aimag on April 22-23, and got acquainted with the functions of cultural, educational and health organizations of the soums, solving some financing source issues on the spot.
 
In specific, Turkish Cooperation and Coordination Agency (TIKA) will finance some construction, repair and infrastructure renovation works which were reflected in the 2017 state budget and budget amendments but were not approved. In addition, Authority for State Property Policy and Management resolved to aid the cultural centers of Ugiinuur and Khotont soums by issuing 500 seats.
 
Veysel Ciftci, TIKA Ulaanbaatar Program Coordinator expressed that the agency will prioritize the financing of reconstruction of sewage pipes and infrastructure development for medical centers in the soums.
 
Member of Parliament J.Munkhbat also said that he will work on solving these challenges faced by the residents of Ugiinuur, Khashaat and Khotont soums in the near future.
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MSE meets with FTSE Russell regarding retention of Mongolia on Frontier market watch list www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The representatives of the Mongolian Stock Exchange JSC, namely Chairman N.Manduul and CEO Kh.Altai, held a meeting with officials of FTSE Russell London, Joti Rana, Head of Governance & Policy, Janet Cumberpatch, Committee Secretary and Rakesh Hira, Deputy Committee Secretary, during the Mongolia London Business Forum organised in London, United Kingdom.
 
Mongolia was placed on the Frontier Market Watch List in 2012 for possible inclusion in the classification, however FTSE Russell has informed its intention to remove Mongolia from the Watch List due to the limited progress over recent years against the outstanding criterion requirements, as reported previously.
 
In order to remove the obstacles to meet the criteria for Frontier Market status, MSE has formed a working group consisting of the Clearing House, Central Securities Depository and Mongolian Association of Securities Dealers and is actively working towards the readoption of the T+3 settlement cycle and the introduction of Delivery versus Payment (DvP) mechanism.
 
During the meeting with FTSE Russell, MSE representatives requested their consideration for retaining Mongolia on the Watch List at the September 2017 Annual Review and voiced our commitment to adopting an action plan for meeting the criteria and continuously reporting the progress of its implementation.
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Corporate secretary club in Mongolia launched to promote good governance www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ IFC, a member of the World Bank Group, and the Corporate Governance Development Center (CGDC) have launched a corporate secretary club to promote best governance practices so that members can better advise their company board and management on governance matters.
 
More than 30 corporate secretaries from leading Mongolian commercial banks and other corporations attended the launch in Ulaanbaatar, Mongolia, on April 12. The club provides a venue for corporate secretaries to network, discuss governance challenges and international trends, and undergo training to become senior governance professionals.
 
“Traditionally people view a board secretary as the CEO’s assistant, but the role is evolving and we see a need to improve public recognition and understanding of what a corporate secretary does,” said Tsend-Ayush Tuvshintur, Chief Executive Officer of the Corporate Governance Development Center. “The club offers professional growth opportunities to help our members become champions of corporate governance in their companies. We believe the club will greatly contribute to improving corporate governance practices in Mongolia.”
 
Since 2015, IFC has been cooperating with CGDC to increase market awareness of corporate governance, improve governance-related regulations, and advise individual companies on enhancing their corporate governance practices.
 
“IFC has been working with both regulators and the private sector to strengthen corporate governance standards in Mongolian companies,” said Tuyen D. Nguyen, IFC Resident Representative in Mongolia. “We believe this initiative will further enhance corporate leadership and governance, making Mongolian companies more competitive and attractive to global investors.”
 
Since 2009, IFC has been supporting Mongolia’s efforts to enhance corporate governance practices, including the development of a corporate governance scorecard in 2013 and regulations governing related-party disclosures to protect the interests of minority investors. These efforts are part of the broader IFC Corporate Governance Program in East Asia and the Pacific, which is funded by the State Secretariat for Economic Affairs of Switzerland.
 
Globally and across the region, IFC leverages its private sector development expertise to promote good governance practices at different levels of a market and help attract investment. The program helps regulatory bodies strengthen laws and regulations, builds the capacity of local partners and market intermediaries, advises individual firms on corporate governance improvements, and supports various awareness-raising activities. In East Asia Pacific, direct engagements with companies facilitated more than $852 million in financing due in part to corporate governance improvements and over 7,300 executives were trained through workshops conducted by IFC partners as of December 2016.
 
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Tesla’s big Model 3 bet rides on risky assembly line strategy www.reuters.com

 
Tesla Inc (TSLA.O) Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them.
 
Most automakers test a new model's production line by building vehicles with relatively cheap, prototype tools designed to be scrapped once they deliver doors that fit, body panels with the right shape and dashboards that don't have gaps or seams.
 
Tesla, however, is skipping that preliminary step and ordering permanent, more expensive equipment as it races to launch its Model 3 sedan by a self-imposed volume production deadline of September, Musk told investors last month.
 
Musk’s decision underscores his high-risk tolerance and willingness to forego long-held industry norms that has helped Tesla upend the traditional auto industry. While Tesla is not the first automaker to try to accelerate production on the factory floor, no other rival is putting this much faith in the production strategy succeeding.
 
Musk expects the Model 3 rollout to help Tesla deliver five times its current annual sales volume, a key target in the automaker's efforts to stop burning cash.
 
"He's pushing the envelope to see how much time and cost he can take out of the process," said Ron Harbour, a manufacturing consultant at Oliver Wyman.
 
Investors are already counting on Tesla’s factory floor success, with shares soaring 39 percent since January as it makes the leap from niche producer to mass producer in far less time than rivals.
 
There are caution signs, however. The production equipment designed to produce millions of cars is expensive to fix or replace if it doesn't work, industry experts say. Tesla has encountered quality problems on its existing low-volume cars, and the Model 3 is designed to sell in numbers as high as 500,000 vehicles a year, raising the potential cost of recalls or warranty repairs.
 
"It's an experiment, certainly," said Consumer Reports' Jake Fisher, who has done extensive testing of Tesla's previous Models S and X. Tesla could possibly fix errors quicker, speeding up the process, "or it could be they have unsuspected problems they'll have a hard time dealing with."
 
Musk discussed the decision to skip what he referred to as "beta" production testing during a call last month with an invited group of investors. Details were published on Reddit by an investor on the call. (here).
 
He also said that “advanced analytical techniques” – code word for computer simulations - would help Tesla in advancing straight to production tooling.
 
Tesla declined to confirm details of the call or comment on its production strategy.
 
The auto industry's incumbents have not been standing still. Volkswagen AG's Audi division launched production of a new plant in Mexico using computer simulations of production tools – and indeed the entire assembly line and factory - that Audi said it believed to be an industry first. That process allowed the plant to launch production 30 percent faster than usual, Audi said.
 
An Audi executive involved in the Mexican plant launch, Peter Hochholdinger, is now Tesla's vice president of production.
 
MAKING TOOLS FASTER
 
Typically, automakers test their design with limited production using lower grade equipment that can be modified slightly to address problems. When most of the kinks are worked out, they order the final equipment.
 
Tesla’s decision to move directly to the final tools is in part because lower grade, disposable equipment known as “soft tooling” ended up complicating the debut of the problem-plagued Model X SUV in 2015, according to a person familiar with the decision and Tesla’s assembly line planning.
 
Working on a tight deadline, Tesla had no time to incorporate lessons learned from soft tooling before having to order the permanent production tooling, making the former's value negligible, the source said.
 
"Soft tooling did very little for the program and arguably hurt things," said the person.
 
In addition, Tesla has learned to better modify final production tools, and its 2015 purchase of a Michigan tooling company means it can make major equipment 30 percent faster than before, and more cheaply as well, the source said.
 
Financial pressure is partly driving Tesla’s haste. The quicker Tesla can deliver the Model 3 with its estimated $35,000 base price to the 373,000 customers who have put down a $1000 deposit, the closer it can log $13 billion.
 
Tesla has labored under financial pressure since it was founded in 2003. The company has yet to turn an annual profit, and earlier this year Musk said the company was "close to the edge" as it look toward capital spending of $2-2.5 billion in the first half of 2017.
 
Tesla has since gotten more breathing room by raising $1.2 billion in fresh capital in March and selling a five per cent stake to Chinese internet company Tencent Holdings Ltd (0700.HK) .
 
Musk has spoken to investors about his vision of an "alien dreadnought" factory that uses artificial intelligence and robots to build cars at speeds faster than human assembly workers could manage.
 
But there are limits to what technology can do in the heavily regulated car business. For example, Tesla will still have to use real cars in crash tests required by the U.S. government, because federal rules do not allow simulated crash results to substitute for data from a real car.
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