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

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Cambodia, Mongolia To Strengthen Cooperation www.akp.gov.kh

 
Cambodian and Mongolian premiers agreed to further tighten their ties of friendship and cooperation, during their bilateral talks on the sidelines of the “Belt and Road Forum for International Cooperation” in Beijing, China this morning.
 
According to the official Facebook page of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, H.E. Erdenebat Jargaltulga, Prime Minister of Mongolia, suggested the exchange of visit, especially between the private sector such as small- and medium-sized enterprises.
 
The Mongolian leader spoke highly of Samdech Techo Hun Sen’s leadership and asked him to share Cambodia’s experience in the establishment of free market and special economic zones in a partnership with China. Moreover, he sought the Kingdom’s support to Mongolia’s candidacy as a member of East Asia Summit (EAS) and of ASEAN dialogue partnership.
 
For his part, Prime Minister Hun Sen proposed both sides to create a joint committee to work on the strengthening of bilateral cooperation between the two countries, but, he said, a memorandum of understanding on investment protection needs to be signed before the establishment of the committee.
 
The Cambodian premier requested the Mongolian side to buy Cambodian rice and to study which products it can export to Cambodia.
 
He also expressed Cambodia’s delight to share experience on Cambodia-China free market, and pledged to discuss with other ASEAN member countries over Mongolia’s request to be member of EAS and ASEAN dialogue partnership. Anyway, he said, ASEAN always encourages, strengthens and expands such partnership cooperation.
 
Besides, Samdech Techo Hun Sen accepted H.E. Erdenebat Jargaltulga’s invitation to pay a visit to Mongolia at an appropriate time.
 
Cambodia and Mongolia established their diplomatic relations in 1950.
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PH, Mongolia to develop new areas of cooperation www.news.mb.com.ph

 
BEIJING — The Philippines and Mongolia have agreed to revitalize bilateral relations and develop new areas of cooperation such as trade and investment, agriculture and tourism.
 
The agreement was reached during the “interesting and productive” meeting between President Duterte and Mongolian Prime Minister Jargaltulgyn Erdenebat on deepening bilateral ties at the Grand Hyatt Hotel on Sunday, May 14.
 
“Our bilateral relationship is still very young with Mongolia. It’s still not very well-developed. This also means that there’s a lot of potential,” Evangeline Ong Jimenez-Ducrocq, executive director of the Department of Foreign Affairs-Asia and Pacific Affairs.
 
“The President and the Prime Minister, they spoke about how to develop these areas of cooperation. For example, in agriculture, in tourism, in trade and finance,” she added.
 
The two leaders also talked about enhancing political and institutional relationships, apart from Association of Southeast Asian Nations (ASEAN) and other regional developments during their bilateral meeting,
 
“We have a regular meeting between foreign ministries. So I think both sides are very interested to institutionalize this relationship among, between foreign ministries,” Ducrocq said.
 
The two sides agreed to hold exchange of visits among the senior officials of their respective countries in order to explore opportunities to expand economic, political, and cultural ties.
 
Erdenebat, for his part, said that Mongolia looked forward to convening the next round of consultations in order to review and strengthen the cooperation of the two sides.
 
On peace and security situation in the region, Ducrocq said the President expressed his view “that peace is better served when there is more participation by stakeholders in the region.” Mongolia is an important stakeholder, she added.
 
“These are generally the lines that they discussed. It was a very interesting and productive meeting because it’s a young partnership and there’s a long way to go, there’s a lot of potential,” she said.
 
She said both leaders also extended invitation to visit each other’s countries but details will still be worked out.
 
“I believe that was raised and of course, those kinds of invitations will have to go through channels for that (to) be properly processed,” she said.
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Mongolia sees light over 'New Silk Road' www.aljazeera.com

 
The government of landlocked Mongolia is hoping China’s so-called “One Road, One Belt” project - will prove beneficial by expanding its railway system.
 
It builds on the old Silk Road for increased trade and business links.
 
China, Mongolia and Russia are discussing plans that include developing Mongolia’s railways and opening new cross-border rail links.
 
Al Jazeera's Pearly Jacob reports from Ulaanbaatar.
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China to provide CNY 2 billion grant in the next three years www.mongolia.gogo.mn

 
Prime Minister of Mongolia J.Erdenebat paid a courtesy call on President of the People's Republic of China, Xi Jinping today.
At the meeting, two parties expressed their willingness to take Mongolia and China`s strategic partnership to a new level, enriching with actual content.
MONGOLIA AND CHINA TOGETHER NEED TO BENEFIT FROM WORLD DEVELOPMENT
President of the People's Republic of China, Xi Jinping stated: "Since my official visit to Mongolia in 2014, our two countries implemented many works together and achieved clear results. China and Mongolia`s relation must be strengthened in further". He highlighted that China and Mongolia together need to benefit from world development.
Due to Mongolia is standing in the middle of "Belt and Road" initiatives, the country has potential to be fully developed by participating the initiatives. In regards, two countries agreed to integrate "Steppe road" and "Belt and Road" initiatives, considering it as an opportunity to develop and broaden partnership between two countries.
Prime Minister of Mongolia J.Erdenebat noted that relation with China is a priority of our foreign policy and expressed the country`s position on some major projects and programs on trade, economy, development near borders and infrastructure that can be implemented by two countries.
Two parties mentioned that it needs to increase trade turnover between two countries and improve trade structure.
CHINA TO PROVIDE CNY 350 MILLION GRANT TO MONGOLIA
The Chinese side expressed their readiness to support Mongolia on overcoming its temporary economic difficulties. China announced to bring funding ratio of USD one billion grant that issued at the first stage in terms of economic cooperation to 95 percent from 85 percent. Earlier, China agreed to extend the term of the swap agreement that established between the Bank of Mongolia and the People's Bank of China.
This time, China will provide CNY 350 million grant to Mongolia. In addition, China promised to provide CNY 2 billion grant to Mongolia in the next three years.
The Chinese side expressed their readiness to cooperate Mongolia on agricultural sector with a wide range. At first, two countries will focus on improving meat supply and improve the health of livestock. At the same time, both sides agreed to focus on expanding operations of border crossings, increasing the capacity of its entrance and bring international status for some border crossings in near future.
"Cooperating on comprehensive development of mining projects such as Tavantolgoi and construction of railways, power stations, copper concentrator plant based on Oyu Tolgoi mine will be consistent with national development strategies of two countries", said Mr Xi Jinping.
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GEC rejects MPRP Nominee N.Enkhbayar www.montsame.mn

 
Ulaanbaatar /MONTSAME/ On May 14, Sunday, General Election Commission registered the presidential nominees of ruling Mongolian People’s Party and Democratic Party. On the other hand, the commission rejected Mongolian People’s Revolutionary Party’s Chairman, presidential nominee N.Enkhbayar.
 
The commission rejected the documents of former President N.Enkhbayar on the grounds of three faults. The first reason is submission of incomplete documents. Secondly, presidential nominee N.Enkhbayar’s imprisonment sentence ends on August 2. Lastly, Law of Mongolia on Election regulates that a presidential candidate must have resided in the country for the last 5 years preceding the election day, and N.Enkhbayar didn’t reside in Mongolia for 13 months during the last 5 years, specifically from August 13, 2013 to October 9, 2014.
 
As such, MPRP nominee N.Enkhbayar attended the General Election Commission’s meeting on May 14 regarding the presidential candidates to give explanations as some supporters of the party gathered outside the building of General Election Commission to demand the registration of their nominee.
 
In cases of objections to registering a nominee, the election law regulates that the party can either submit the pending documents or propose a different nominee. May 17 is the day General Election Commission publicly announces the names of presidential candidates and May 27 is the day the candidates are presented with their certificates.
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Western Digital seeks arbitration in row over Toshiba's $18 billion chip sale www.reuters.com

 
Western Digital Corp (WDC.O) has sought international arbitration to stop partner Toshiba Corp (6502.T) from selling its chips arm without its consent, potentially derailing a much-needed capital injection for the Japanese conglomerate.
 
California-based Western Digital is a long-standing joint venture partner in Toshiba's main semiconductor plant in Japan. It is bidding for Toshiba chip's business, but is not seen as a front-runner, as its offer has been trumped by Taiwan's Foxconn (2317.TW) and U.S. chipmaker Broadcom (AVGO.O), according to a source familiar with the matter.
 
In the early hours of Monday, Western Digital said it had initiated arbitration procedures with the International Chamber of Commerce International Court of Arbitration, demanding Toshiba reverse a move to put its joint venture assets into a hived out entity - Toshiba Memory - and that it stop an all-out sale without consent from Western Digital unit SanDisk.
 
Toshiba argues that under their joint venture contract, neither party can block a change of control by the other partner. It argues Western Digital itself acquired the joint venture interest when it bought SanDisk, and never sought or received Toshiba's approval.
 
Western Digital, however, claims that Toshiba is breaching their contract.
 
"Toshiba's attempt to spin out its joint venture interests into an affiliate and then sell that affiliate is explicitly prohibited without SanDisk's consent," Western Digital chief executive officer Steve Milligan said in a statement.
 
"Seeking relief through mandatory arbitration was not our first choice in trying to resolve this matter. However, all of our other efforts to achieve a resolution to date have been unsuccessful, and so we believe legal action is now a necessary next step."
 
A Toshiba spokesman had no immediate comment on the legal action.
 
Toshiba, battered by billions of dollars in cost overruns at its now bankrupt U.S. nuclear business, is desperately trying to accelerate the sale of its semiconductor business - the world's second biggest NAND flash memory chip producer.
 
An arbitration process could drag out for months or longer, putting Toshiba's presence on the Tokyo Stock Exchange in jeopardy, as it needs cash from the chip unit sale to bulk up its shareholder equity and stay listed.
 
The dispute could also derail Toshiba's financing plans, as it hopes to offer the stake in its memory chip unit as collateral for new loans from major lenders, a measure that the lenders say also requires Western Digital's approval.
 
Shares in the group, which is expected to publish unaudited full-year results as early as Monday, were up 5 percent in early trade, helped by news that progress towards capping its liabilities in the United States was being be made.
 
The owners of the unfinished Vogtle power plant in Georgia led by Southern Co (SO.N) have to come to a preliminary agreement to cap Toshiba's responsibility for its guarantees on the much-delayed nuclear project at about $3.6 billion, people familiar with the matter said on Sunday.
 
Toshiba values its chip unit at least 2 trillion yen. It believes that a consortium of U.S. private equity firm KKR & Co LP (KKR.N) and Japanese government-backed investors would be the most feasible buyer for the chips business, sources with direct knowledge said last week.
 
The Japanese government has proposed that Western Digital join their consortium as a minority investor, but the U.S. company has said it needs to take control of the unit in order to be fully in charge of operations, separate sources have said.
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China invests $124bn in Belt and Road global trade project www.bbc.com

 
The Chinese government is investing tens of billions of dollars as part of an ambitious economic plan to rebuild ports, roads and rail networks.
China's President Xi Jinping has pledged $124bn (£96bn) for the scheme, known as the Belt and Road initiative.
"Trade is the important engine of economic development," Mr Xi said at a summit of world leaders in Beijing.
The plan, which aims to expand trade links between Asia, Africa, Europe and beyond, was first unveiled in 2013.
Part of the massive funding boost, which is aimed at strengthening China's links with its trading partners, includes 60bn yuan ($9bn; £7bn) in aid to developing countries and international institutions that form part of the Belt and Road project.
Mr Xi used his speech to assure Western diplomats that the plan, described as the new Silk Road, was not simply an attempt to promote Chinese influence globally.
"In advancing the Belt and Road, we will not re-tread the old path of games between foes. Instead we will create a new model of co-operation and mutual benefit," Mr Xi said at the opening of the two-day summit.
"We should build an open platform of co-operation and uphold and grow an open world economy," he added.
Mr Xi said that it was time for the world to promote open development and encourage the building of systems of "fair, reasonable and transparent global trade and investment rules".
"China is willing to share its development experience with all countries. We will not interfere in other countries' internal affairs," he said.
"No matter if they are from Asia and Europe, or Africa or the Americas, they are all co-operative partners in building the Belt and Road."
What is China's new Silk Road?
Mr Xi did not give a timeframe for the distribution of funds pledged for the projects outlined on Sunday.
Leaders from 29 countries are attending the Belt and Road forum, which ends on Monday, including Russian President Vladimir Putin and Turkish President Recep Tayep Erdogan.
Several other European leaders, including the prime ministers of Spain, Italy, Greece and Hungary, are also attending the summit.
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Desperately short of labor, mid-sized Japanese firms plan to buy robots www.reuters.com

 
Desperate to overcome Japan's growing shortage of labor, mid-sized companies are planning to buy robots and other equipment to automate a wide range of tasks, including manufacturing, earthmoving and hotel room service.
 
According to a Bank of Japan survey, companies with share capital of 100 million yen to 1 billion yen plan to boost investment in the fiscal year that started in April by 17.5 percent, the highest level on record.
 
It is unclear how much of that is being spent on automation but companies selling such equipment say their order books are growing and the Japanese government says it sees a larger proportion of investment being dedicated to increasing efficiency. Revenue at many of Japan’s robot makers also rose in the January-March period for the first time in several quarters.
 
"The share of capital expenditure devoted to becoming more efficient is increasing because of the shortage of workers," said Seiichiro Inoue, a director in the industrial policy bureau of the Ministry of Economy, Trade and Industry, or METI.
 
If the investment ambitions are fulfilled it would show there is a silver lining as Japan tries to cope with a shrinking and rapidly aging population. It could help equipment-makers, lift the country's low productivity and boost economic growth.
 
The government predicts investment in labor-saving equipment will rise this fiscal year, Inoue said.
 
The way Japan copes with an aging population will provide critical lessons for other aging societies, including China and South Korea, that will have to grapple with similar challenges in coming years.
 
"More than 90 percent of Japan's companies are small- and medium-sized, but most of these companies are not using robots," said Yasuhiko Hashimoto, who works in Kawasaki Heavy Industries Ltd’s (7012.T) robot division. "We're coming up with a lot of applications and product packages to target these companies."
 
Among those products is a two-armed, 170-centimeter (5-foot-7) tall robot. Kawasaki says it is selling well because it can be adapted to a range of industrial uses by electronics makers, food processors and drug companies.
 
Hitachi Construction Machinery (6305.T) says it is getting a lot of enquiries for its computer-programmed digging machines that use a global positioning system to hew ditches that are accurate to within centimeters and can cut digging time by about half.
 
"We focus on rentals and expect business to pick up in the second half of the fiscal year, which is when most companies tend to order construction equipment for projects," said Yoshi Furuno, a company official. Hitachi Construction declined to provide figures.
 
Mid-sized companies are planning on increasing spending much more than large-caps, which are projecting just a 0.6 percent increase in the fiscal year, according to the Bank of Japan. Smaller companies tend to have less flexibility in overcoming labor shortages by paying workers more or by moving production overseas.
 
WORKING POPULATION PLUNGING
 
Some companies could end up spending less than originally planned. But with demographics only worsening, companies will need to continue to search for solutions to the labor shortage problem. Japan's working-age population peaked in 1995 at 87 million and has been falling ever since. The government expects it to fall to 76 million this year and to 45 million by 2065.
 
In the fiscal year that ended March 31, 2016, mid-sized companies with 100 to 499 workers advertised to fill 1.1 million new positions, the highest in five years and almost five times the number of open positions at companies with 500 workers or more, Labor Ministry data show.
 
Among the robot makers to report stronger revenue in the last quarter was Fanuc Corp (6954.T). Its revenue was 7.9 percent higher than a year earlier, the first increase in seven quarters.
 
Meanwhile, Yaskawa Electric Corp's (6506.T) revenue grew 5.1 percent in January-March from the same period a year ago, the first increase in five quarters.
 
Robots and labor-saving gear aren’t just found in manufacturing and construction. They are also being sought by property developers, food and beverage makers and hotel chains. The Hen na Hotel, or the "Odd Hotel," near Tokyo Disneyland, for example, bills itself as a robot hotel because it uses 140 different robots and artificial intelligence to serve guests in its 100-room hotel and can operate with as few as two to three people, according to the manager Yukio Nagai.
 
Each room contains an egg-shaped robot, or personal assistant, called Tapia, that uses artificial intelligence to recognize people's faces and respond to their voice commands. It can wake you up, manage your schedule, and control other Internet-linked devices like the TV and air conditioning. Other robots can carry bags and take out the trash.
 
"Originally we sold this product for use in the home, but now we are getting a lot of enquiries from companies," said Sayaka Chiba, a director at MJI Co, which makes the Tapia. "Banks, hospitals, and hotels are interested in using Tapia for reception work and communicating with customers.” "Companies say they are interested in Tapia because of labor shortages. Nursing homes are also interested," she said. "We'll continue to sell this for use in the home, but all the interest from companies show that the market has shifted somewhat."
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Mongolia and Georgian FMS exchange congratulatory letters on diplomatic anniversary www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On the occasion of the 25th anniversary of establishment of diplomatic ties between Mongolia and Georgia, Minister of Foreign Affairs of Mongolia Ts.Munkh-Orgil exchanged congratulatory letters with his Georgian counterpart Mikheil Janelidze on May 12.
 
Minister Ts.Munkh-Orgil, while underlining Mongolia-Georgia long-time friendship has endured the test of time and cooperation has been prospering in many sectors, expressed his interests in strengthening ties through expanding collaboration in many fields such as economy, trade, tourism and agriculture and deepening people-to-people relations.
 
Georgian Minister of Foreign Affairs M.Janelidze affirmed willingness for deepening and upgrading bilateral and regional ties, which have been growing strong for the past years, by promoting mutually-beneficial cooperation based on shared values of freedom and democracy.
 
Mongolia and Georgia established diplomatic relations on May 12, 1992.
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Mongolian Mining Corp’s $800 million restructuring deal www.news.mn

Davis Polk & Wardwell has acted for Mongolian Mining Corporation (MMC) in a complex, cross-border bank bond restructuring deal valued at $800 million.

MMC, a coking coal producer listed on the Hong Kong Stock Exchange, also tapped Minter Ellison as its Mongolian counsel, Walkers as its Caymans counsel, and Loyens & Loeff as its Luxembourg counsel.

Ropes & Gray represented the steering committee of bondholders. Meanwhile, Clifford Chance advised the restructuring deal’s lenders – BPP Paribas, Industrial and Commercial Bank of China, and ICBC (London) – as their international and Luxembourg counsel. The lender group also turned to Harneys for matters related to Cayman Islands law and MahoneyLiotta for concerns involving Mongolian law. Mayer Brown JSM acted for new bond trustee.

Scott Bache was the lead partner for the CC team, supported by capital markets partner Alex Lloyd. A separate CC team headed by partner Dauwood Malik represented the existing shared security agent.

This restructuring deal is said to be the biggest by value since the debt plan of Chinese developer Kaisa Group in 2015. (legalbusinessonline)

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