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    

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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New Asian companies find success with a regional focus www.asia.nikkei.com

TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."

One reason for this is that some problems that startups aim to solve are common to the region. A business model or product that addresses such a challenge has a large, ready-made market at hand, potentially creating the next Asian unicorn.

Philippine startup Salt is a great example. Salt -- short for "sustainable alternative lighting" -- found itself in the spotlight when co-founder Aisa Mijeno shared the stage with former U.S. President Barack Obama and Alibaba Group Holding Chairman Jack Ma Yun at the 2015 Asia-Pacific Economic Cooperation meeting in Manila.

The company makes lamps that use saltwater as the catalyst for a fuel cell, instead of the kerosene that fuels lamps across Southeast Asia in areas without electricity. Mijeno came up with the idea for a saltwater lamp after living with a remote tribe in Kalinga, in the northern Philippines. During her monthlong stay with the Butbut, Mijeno learned that people had to walk at least six hours to the nearest town to buy kerosene.

Enter Salt's lamp, which, the company says, can last six months when used eight hours a day and maintained properly.

"We were trying to determine what the staple items in every household in the Philippines were, and we found out that there are actually three staple items: salt, water and rice. That's the main reason we used salt water as the catalyst ... to generate electricity," Mijeno told the Nikkei Asian Review in an interview last year.

The company was founded in 2014 when it joined Ideaspace Foundation, an incubator that helps fund and develop innovations with commercial potential. Salt was selected by Ideaspace as one of the year's top-10 projects and used its prize money to start working on a prototype. It has since delivered over a thousand lamps to remote communities in the Philippines, and partnered with a local manufacturer to begin mass production.

Fashion for the faithful

For Diajeng Lestari in Indonesia, the "problem" that needed addressing was helping Muslim women express their fashion sense while maintaining their modesty. This led her to create Hijup in 2011, a pioneering Islamic fashion website. The online shopping mall offers clothing and accessories aimed mainly at Muslim women.

Hijup is short for "hijab-up," as in make up or dress up. The hijab is the headscarf worn by some Muslim women.

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Landlocked countries’ Int’l think tank aspires to push forward trade liberalization www.montsame.mn

Ulaanbaatar /MONTSAME/ The International Think Tank for Landlocked Developing Countries (ITT for LLDCs) and the University of Sydney jointly organized a conference themed “Exploring Connectivity in Landlocked Developing Countries” on April 20 at the UN House in Ulaanbaatar. The participants ran discussions under three spheres of connectivity: International trade; Information and communication technology; and Transport.

Dr. Shaowen, a researcher at the University of Sydney, presented the findings of his study on “Transport and Infrastructure Connectivity”, Dr. Sandra – on “International Trade and Connectivity” by the example of landlocked Laos, and Dr. Barney – on “ICT Connectivity” and the development of ICT infrastructure and sunrise growth of technology in Azerbaijan.

It was found that growths of landlocked nations are quite distinct from each other. As for Turkmenistan, revenues from mining and oil exports are fully dedicated to road and freight spheres, while the situation is different in Kyrgyzstan. According to the researchers, the situations were almost impossible to correlate. Instead, researchers focused on how the countries have coordinated their national policies with their unique geological and regional characteristics, and what perspectives are observable.

Although, Mongolia was not taken as a separate subject, transport study considered the situations in five Central Asian countries, began Dr. Shaowen. “However, I think, the findings of the research can be applied to other countries. It is completely possible for the landlocked nations to improve connectivity in transport and the economy. But, possibility can only be mobilized with commitment”, he said.

The UN Group of Landlocked Developing Countries consists of 32 countries, which do not border with international waters in geological terms, isolated from the key global markets, have small population and small-scale economy. The study revolved around the examples of infrastructure growth in air transport and many other spheres in LLDCs. For instance, Laos has always maintained a same level of international investment in all parts of the economic cycle. Whichever political force has taken the power in Laos, international investors’ confidence has remained the same. Such stability is the main reason to why the Asian Development Bank and Japan, as well as other donors, are eager to invest in this country. As for Azerbaijan, it is the fastest growing economy among LLDCs, said Dr. Shaowen.

Interim Director of ITT for LLDCs and Ambassador at-Large at the Ministry of Foreign Affairs of Mongolia, Mr E.Odbayar:

“Mongolia has scared away its foreign investors, when the economy had an annual growth of surging 17.7 percent. Today, we are working to regain their trust. As a researcher, our mistake was the lack of connectivity at home. Coordination between the activities of different institutions were poor. Regulations violate laws, and laws override regulations. This situation needs to be stopped”.

“Mongolian economy is highly dependent on the events happening in two neighboring countries. Mongolia endures great amount of the trade deficit while exporting raw materials, minerals and semi-processed products to its neighbors. Therefore, it is quite significant to conduct studies and discussions on these kinds of topics”.

State Secretary of the Ministry of Foreign Affairs, Mr. D.Davaasuren brought the spotlight on the issue of upgrading ITT for LLDCs to the level of internationally-recognized intergovernmental think-tank. “The first problem facing any LLDC is the relatively higher transport cost of international trade. Transport period is very long and cost-ineffective. Our vision is to establish an international institution jointly with the other 31 LLDCs. Then, UN Secretary General, Mr Ban Ki-moon came up with an initiative to establish such an organization, to be headquartered in Ulaanbaatar, in 2009. The ITT for LLDCs is the first embodiment of the mentioned initiative. It now has a status of international organization, having been recognized by 10 countries. If all parliaments of the 32 countries back the status of the international think tank, it will become able to attract international donations to forward trade liberation, increase exports and diversify our economies”, he concluded.

Background

The International Think Tank for Landlocked Developing Countries (ITT for LLDCs) and University of Sydney confirmed their mutual interest in collaborating in areas affecting Landlocked Developing Countries (LLDCs) and signed the Memorandum of Understanding in 2015 in order to explore collaborative opportunities in research and other activities to jointly support knowledge sharing among LLDCs and South-South Cooperation.
In the framework of the Memorandum of Understanding both Institutions agreed to implement a joint research project in 2016 with the ultimate goal of contributing to the successful implementation of the SDGs and the Vienna Programme of Action.
The joint research project document which was established in 2016, defined the scope of the project and both sides agreed to develop a total of 3 research papers on transport and access, trade and development as well as ICT and connectivity issues of LLDCs respectively under the overall theme “Exploring Connectivity in Landlocked Developing Countries”.

B.Amarsaikhan

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Post cyclone coking coal price plunge www.mining.com

The price of coking coal dropped sharply on Thursday with the industry benchmark price tracked by the Steel Index losing 4.6% to $289.50 a tonne as supply disruption following tropical storms in Australia begin to ease.

Last week the price of Australia free-on-board premium hard coking coal jumped to highest since the second quarter of 2011. That price spike was also the result of flooding in Queensland that saw quarterly contract prices negotiated at an all time high of $330.

Cyclone Debbie caused serious damage to key rail lines serving mines in the state of Queensland and while three lines have now reopened according to operator Aurizon, but large sections of the Goonyella railroad in the centre of the network is only be expected to be up and running in a week's time.

Earlier expectations were that roughly 12–13 million tonnes of Australian met coal cargoes destined for China, India and Japan could be delayed, but Aurizon said this week up to 21 million tonnes have been affected.

A total of 221 million tonnes of coal was exported last year from Queensland, according to the Queensland Resources Council quoted by Reuters and of that at least 75% be steelmaking coal.

Customs data released last week showed Chinese imports of coal – both thermal and metallurgical coal – in March rose 12.2% from a year ago and 25% from February to 22.1 million tonnes.

The global met coal market is around 300 million tonnes per year with premium hard coking coal or PHCC constituting more than a third of the total market. More than half of PHCC seaborne coal come from Australian producers according to TSI data.

A reduction in allowable work days at China's coal mines last year sparked a massive rally in coal prices, lifting met coal prices to multi-year high of $308.80 per tonne by November from $75 a tonne earlier in 2016. But the speculative rally fizzled soon fizzled out with the commodity hitting a 2017 low of $150.10 a tonne last month.

While coking coal is returning to more expected levels, iron ore's unnerving decline – more than a third over just the last month – appears to have been arrested.

The Northern China import price of 62% Fe content ore advanced for a second day on Thursday trading at $64.70 a tonne after dipping to a six-month low of $61.50 per dry metric tonne on Tuesday according to data supplied by The Steel Index.

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MNT35 Billion spent for free trade zones from state budget www.montsame.mn

 
Ulaanbaatar /MONTSAME/ A total of MNT35 billion has been spent for three free economic zones of Altanbulag, Zamyn-Uud and Tsagaannuur since their establishment, said Deputy Prime Minister U. Khurelsukh. Yesterday, April 19, the Deputy PM made a report on the activities of the free zones and future perspective at the Parliamentary Standing Committee on Economics. 77 per cent of the funding has been invested for infrastructure development of the Altanbulag free zone, which is running regular activities.
With a soft loan from the Chinese Government, infrastructure improvement project of Zamyn-Uud has been implemented since 2010, and in the framework of the project, facilities of heating, electricity, water supply, sewer system, roads and communication are being newly built or renovated. The project costs USD58.8 million and the project performance is 95 percent.
A private sector investment has started to be made in the Altanbulag free zone, as legal environment has been established to make investment partly in the zone, according to the order No.48 by the Minister of Industry and Trade in 2006. A total of MNT6.2 billion has been invested from the private sector for the Altanbulag free zone, while private sector investment has not been made in Zamiin Uud and Tsagaannuur free zones.
13 companies are operating in the Altanbulag free zone among 49 companies, which made investments and 16 companies have paid MNT24.6 million for land fee last year. The Zamiin-Uud free zone has 13 companies registered and they got land certificates to use 23.6 ha of land. The Zamiin-Uud free zone allotted MNT319 million to the state budget as land fee in 2015 and 2016, while the Tsagaannuur free zone allotted MNT68 million in 2016 for land fee of 5 companies for 115 ha of land.
Deputy PM U.Khurelsukh also introduced planned works to intensify the activities of free zones to encourage domestic and foreign investment. He underlined the necessity to start a joint establishment of free zone with bordering countries. The Deputy Prime Minister's Office and Ministry of Foreign Affairs have developed necessary studies and they are holding talks with the People’s Republic of China to establish a joint free zone.
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Government to receive US$ 100 million loan to reduce the non-performing loans www.mongolia.gogo.mn

 
The volume of non-performing loans is increasing. Thus, Government of Mongolia decided to implement a program to restore the banking sector and strengthen financial stability which aims to revise the structure of the banking sector and cover necessary funds.
In scope of the program, 12 measures to be taken including establishing active management company to manage non-performing loans, introducing system to address banks' debt burden, changing affiliated laws and regulations in order to ensure financial stability, improving banking supervision and strengthening governance.
In regards, Asian Development Bank agreed to grant US$ 100 million repayment period of 15 years.
The percentage of non-performing loans in total loans reached the highest level at the end of last year.
The non-performing loans at the level of the bank system reached 1 035.5 billion togrogs in 1Q`17, down by 34.6 billion togrogs or 3.2% from the previous month, up by 67.6 billion togrogs or 7.0% from the same period of 2016.
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City uses greywater to irrigate plants www.mongolia.gogo.mn

 
City Landscape Department uses 700 tons of water for irrigation per day.
In order to save groundwater, they started using purified greywater for irrigation that complies with the standard. City Landscape Department established a contract with APU and MCS Coca Cola LLCs to use their greywater that comes from beverage industries.
Graywater from APU LLC is used for irrigating plants and green areas of city center while greywater from MCS Coca Cola is used for irrigating plants and green areas of East of the city.
City Landscape Department is seeking an opportunity to water plants and green areas of West of the city using greywater. Thus, companies interested in supplying greywater are welcomed.
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Government and ADB agree to implement program to stabilize banking sector www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The actual risk of irregularity in financial intermediary functions of banks is very high for some Mongolian banks due to a great amount of non-performing loans. In this regard, the government has agreed with the Asian Development Bank on implementing a Program on Restoration of Banking and Strengthening Financial Stability in order to compensate the financial deficit in banks to fulfill gaps of payment.
The program is going to be implemented on the loan of USD 100 million. The loan repayment term is 15 years, with the alleviation of principal payment in the first three years.
The program includes 12 key measures to be taken, including establishing an asset management company, introducing a system that will be capable of resolving debt pressures of banks, configuration of some laws and regulations in order to ensure financial stability, improving monitoring and evaluation and governance in banking.
Payable balances of non-performing loans have been increasing, and, as of 2016, balance of non-performing loans made up for 14.2 percent (MNT 1.7 trillion) of the total outstanding loans. This was the highest point reached by the weight of non-performing loans.
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ADB loan agreement backed www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Yesterday, the Cabinet discussed and backed loan agreements between the Government of Mongolia and the Asian Development Bank to jointly implement “Social welfare support program-2” and “Restoring Bank sector and strengthening financial stability program”. Then the Cabinet decided to submit the agreements to relevant parliamentary standing committees for their consent.
 
“Social welfare support program-2” has goals to support realization of the Program to Revive Economy, to lower negative impacts of economic difficult conditions on vulnerable groups, to direct social welfare program for targeted groups and to recover budget deficit. The first program was implemented successfully in 2015-2016, however, Mongolia has to overcome the pressures of fall of economic growth, macroeconomic problems, accumulated debt, budget deficit and payment imbalance. In this regard, the Government works with the International Monetary Fund and Asian Development Bank and so on.
 
ADB loan of USD150 million will be spent to finance 19 policy measures in two stages. The loan will be repaid in 15 years, with exemption from principal loan repayment for the first three years and the loan interest will be equal to London Interbank' annual interest rate, plus a 0.6 per cent fee and 0.15 per cent charge for asset reserve guarantee.
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Salary loan interest rate to be lowered www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During the yesterday’s cabinet meeting, Minister of Labor and Social Protection N.Nomtoibayar introduced about works being done to lower interest rate of salary loan of teachers, doctors and physicians of state owned schools and kindergartens and to invalidate fees.
 
The Ministry reached an initial agreement with the State Bank to lower the interest rate and fee in two stages. At the first stage, the fee for the salary loan of the targeted group will be canceled and then the current interest rate of 21.11 per cent will be lowered to 18 per cent. Salary loan of MNT48.2 billion is estimated to be issued to 8316 teachers, doctors and other employees of schools and hospitals, with lowered loan interest and fees of MNT1-1.6 billion annually. The Ministry is also holding talks with the Khan Bank authorities.
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Hilton Appoints Area President for Greater China, Mongolia www.hotelbusiness.com

 
Qian Jin, area president for Greater China, Mongolia
SHANGHAI—Hilton has named Qian Jin as the hospitality company's first area president for Greater China and Mongolia.
 
Jin most recently served as president at Wanda Hotels & Resorts. He spent the majority of his career at Starwood Hotels & Resorts Worldwide Inc., where he ultimately became president for Greater China. He studied in Australia and has worked in Fiji, Malaysia and Singapore.
 
He reports to Martin Rinck, area president of Asia Pacific Hilton, and serves on the regional executive committee.
 
Jin's appointment comes after several additions to Hilton's Greater China leadership team in recent months, all of whom are Chinese natives. He will replace outgoing SVP of Greater China and Mongolia, Bruce McKenzie, who is retiring.
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