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 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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Alibaba’s Jack Ma predicts decades of ‘pain’ ahead www.rt.com

 
Chinese billionaire Jack Ma has warned people should prepare for decades of social upheaval and pain as the internet disrupts the global economy.
“In the next 30 years, the world’s pain will be much greater than its happiness,” Ma said at an entrepreneurial conference in Zhengzhou, China. “Social conflicts over the next 30 years will hugely impact every industry.”
 
According to Ma, the world must radically change the way people are taught and establish how to work with robots to help soften the blow caused by automation and the internet economy.
 
“Machines should only do what humans cannot,” Ma said, adding “only in this way can we have the opportunities to keep machines as working partners with humans, rather than as replacements.”
 
The founder of the e-trading platform Alibaba said he had tried to warn people in the early days of e-commerce it would disrupt traditional retailers but few listened. This time he wants to caution against the impact of new technologies, so no one will be surprised.
 
“Fifteen years ago I gave speeches 200 or 300 times reminding everyone the internet will impact all industries, but people didn’t listen because I was nobody," he said.
 
Cloud computing and artificial intelligence are essential for business, according to Ma, who has called for traditional industries to stop complaining about the internet’s effects on the economy. He said Alibaba’s central online marketplace Taobao has already created millions of jobs.
 
A former English teacher, Jack Ma set up Alibaba in 1999. It is now the world’s biggest e-commerce platform with a market capitalization of $246.12 billion.
 
The company has recently announced steps to diversify the business, expanding into the digital area. It plans to invest a billion yuan ($145 million) into mobile game distribution.
 
Last year, Ma revealed an ambitious plan to create 100 million jobs in the next two decades.
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Jimmy Choo puts itself up for sale www.bbc.com

Luxury shoe maker Jimmy Choo has said it is seeking potential offers for a sale of the business.
The firm said it had not received any bids yet and was also considering other options for the business.
The move received backing from Jimmy Choo's main shareholder JAB Holdings, which is also an investor in Krispy Kreme donuts and luxury firm Coty.
As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen sales slow in recent years.
Its footwear is often seen on the red carpet worn by celebrities such as Jennifer Lopez and Bella Hadid.
The company said in a statement: "The Board of Jimmy Choo announces today that it has decided to conduct a review of the various strategic options open to the Company to maximise value for its shareholders and it is seeking offers for the Company.
"Jimmy Choo has discussed the strategic review process with its majority shareholder, JAB Luxury GmbH, and JAB Luxury has confirmed that it is supportive of the process."
Jimmy Choo's sales growth was 2% in 2016 compared to 7% in 2015 and 12% in 2014, analysts at HSBC noted last month.
The company listed on the UK stock market in 2014. Its shares have gained more than 20% this year, giving it a market value of £670m

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