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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UB City to cooperate with Dutch company for better solution to parking www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On Fabruary 1, P.Bayarkhuu, Deputy Mayor of Ulaanbaatar city in charge of infrastructure and Ger district area development signed a Memorandum of Understanding on cooperation with Weiss Co.Ltd. on introducing advanced technology to public transport of the capital city.
The MoU sets out to improve the situation in Ulaanbaatar of roads, car parkings and public transport. Mr Bayarkhuu shared, after signing the document, that a project named “Smart Parking” will be realized and that a working group will be formed immediately to launch implementation.
Weiss’s advisory council president, Mr Paul Staartjes expressed his confidence in successful cooperation.
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China becomes more efficient, cleaner in energy use www.chinadaily.com.cn

 
BEIJING - China made progress in energy efficiency and clean energy in 2016.
Energy use per unit of GDP fell 5 percent in 2016, according to the National Bureau of Statistics (NBS), a good start to reducing the figure by at least 15 percent by 2020.
Clean energy, including hydropower, wind power and natural gas, accounted for 19.5 percent of China's total energy consumption last year, up from 17.9 percent in 2015.
Coal accounted for 64 percent of total consumption in 2015, with the proportion to be cut to 58 percent or less by the end of 2020.
The push for efficient, clean energy is partly a response to environmental degradation.
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PM commends senior economist’s devotion www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Prime Minister J.Erdenebat received State Honored Economist B.Osorgarav who initiated ‘Helping Mongolia overcome economic difficulties’ campaign on January 31.
On January 30, the senior economist held a press conference to inform the public of his initiative, and to announce that he would donate MNT 10 million, 10 horses and a gold ring to the Government to help recover the economy. The State Honored Economist has dedicated 50 years of his life to the country.
Following the economist’s call for joining the initiative, MP B.Delgersaikhan announced that he would be donating MNT 100 million yesterday, January 31.
According to B.Osorgarav’s estimation, if every citizen donates MNT 1000-2894, MNT 214 billion 692 million can be collected. And if government higher officials including MPs each donate MNT 20 - 100 million, and NGOs and other entities donate MNT 2-2.5 million, Mongolia can repay its debts and recover its economy.
The Prime Minister said, “There’s a Mongolian proverb that says, ‘Better break your bone than name’, and the name of our country is what’s most important to us. As such, there was a time when I said at a meeting that ‘In order to overcome the economic difficulty, and save the name of our country, and if necessary, I will turn to the people of Mongolia without shame’. However, as of today, no such situation has unveiled itself before us. Mongolia can repay its debt, and overturn the economic decline”.
“Most importantly, I truly respect your patriotic spirit and initiative to call for national integrity”, the Prime Minister highlighted.
The senior economist expressed that he would continue with the initiative which has allegedly gathered support from more than approximately 100 thousand people since MP B.Delgersaikhan’s announcement.
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Apple: iPhone 7 helps US giant return to growth www.bbc.com

 
Apple reported its highest ever quarterly revenue, as the iPhone 7 helped it return to a growth in sales in the final three months of 2016.
In its first full quarter since the iPhone 7's release, Apple reported net sales of $78.4bn (£62.3bn), up 3% on the same period a year ago.
Chief executive Tim Cook said Apple had sold "more iPhones than ever before".
It had also set new records for revenues from its Mac, Apple Watch and services divisions, he said.
Apple shares rose 3% in after-hours trading following the results.
iPhone recovery
"We're thrilled to report that our holiday quarter results generated Apple's highest quarterly revenue ever, and broke multiple records along the way," Mr Cook said.
Apple had suffered three quarters in a row of falling revenue as mounting competition, particularly from Chinese rivals, hit sales of its flagship iPhone.
In April, the firm reported its first fall in quarterly revenue since 2003, hurt by slowing business in China.
A continued slowdown in iPhone sales - which account for two thirds of income - led to Apple reporting a drop in annual revenue in October, the first such fall in 15 years.
Mr Cook said demand was particularly high for the larger iPhone 7 Plus during the quarter.
The iPhone 7 models - which were released in September and included an improved camera but ditched the traditional headphone socket - now account for about 17% of Apple's phone sales, according to research firm Localytics.
Apple said it had sold 78.3m iPhones in the three months to 31 December, up from 74.8m a year before.
It reported revenue of $54.3bn from iPhone sales, along with $7.2bn from the Mac, $5.5bn from the iPad and $4.0bn from other products, including the Apple Watch.
Services boom
Revenues from its services division - including the App Store, Apple Music and iCloud - were $7.1bn. The segment is now close to overtaking the Mac as Apple's second biggest source of revenue.
"Services obviously continues to be a real success story for them," said Jackdaw Research analyst Jan Dawson. "It's one of the fastest-growing segments they have, driven largely by the App Store."
Analysts expect growth in services to help offset declining hardware sales as the smartphone market matures.
Apple executives warned that some customers were holding back on phone upgrades in anticipation of the 10th anniversary iPhone later this year.
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Warren Buffett: I bought $12 billion of stock after Trump won www.reuters.com

 
The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks.
Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc (BRKa.N) since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election
In an interview with talk show host Charlie Rose that aired on Friday night, Buffett suggested that Berkshire's post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought.
"We've, net, bought $12 billion of common stocks since the election," Buffett said. "The guys that work with me, the two fellows, they probably bought a little bit or sold a little bit too."
The speed with which Berkshire is buying stocks is unusual. It has spent in fewer than three months roughly half what it spent on equities in the three years ending Sept. 30, 2016.
Buffett demurred on whether Berkshire has added to its stakes in the four largest U.S. airlines: American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N), Southwest Airlines Co (LUV.N) and United Continental Holdings Inc (UAL.N).
Berkshire revealed those stakes in mid-November, surprising many given Buffett's long aversion to the sector.
Asked why Berkshire dove in, Buffett said: "It was in large part my decision."
Berkshire will likely by Feb. 14 disclose some of the stocks it has bought, in a regulatory filing listing most of its U.S. holdings as of year end.
The Omaha, Nebraska-based conglomerate owned $102.5 billion of equities as of Sept. 30, excluding its stake in Kraft Heinz Co (KHC.O).
U.S. stocks rose after Trump was elected, reflecting investor optimism that his policies might boost economic growth, aided by a Congress also under Republican control.
Buffett said Trump is unlikely to reach his goal of 4 percent annual growth, but that growth at half that level would over a generation add $19,000 per person to real gross domestic product.
"Two percent will produce miracles," Buffett said.
The U.S. economy grew by 1.6 percent last year, the lowest since 2011.
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JTB to invest in Indonesian tour firm www3.nhk.or.jp

 
Japan's biggest travel agent is investing in a leading Indonesian tourism company. JTB hopes to increase the number of Indonesian visitors to Japan.
JTB officials say the travel agent will acquire a 40 percent stake in Panorama Tours Indonesia.
CEO Hiroyuki Takahashi told reporters that Indonesia, the biggest country in Southeast Asia, shows promise as a tourism market.
Japanese government officials estimate about 270,000 Indonesian travelers came to Japan last year. That's up more than 30 percent from 2015.
Takahashi said JTB plans to develop and sell tours that feature attractions all over Japan.
Takahashi also said he hopes JTB tours will contribute to the revitalization of Japan's local communities.
Panorama Tours has more than 50 outlets in Indonesia. JTB's tours will be marketed through Panorama's offices and website.
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Slovenia tourism boosted by Melania factor www.rt.com

 
The number of American visitors to Slovenia significantly increased at the end of the last year, according to data published by the country's national statistics office.
Slovenia being the home country of the new US First Lady Melania Trump is seen as a key factor.
“The interest in Slovenia hasn’t only increased since Trump’s victory but already began when he announced his presidential candidacy. Slovenia, as a boutique holiday destination, has become better known among the US public and media. Due to the increased interest, the Slovenia Tourism Board (STB) plans its most intense digital campaign ever in the US market for 2017,” said STB spokesperson Livija Kostantinovic earlier this months as quoted by AFP.
The number of overnight stays by US tourists jumped by 15.4 percent in December and 10.2 percent in the whole of 2016.
Slovenia also saw a 7.6 percent increase in the number of tourist overnight stays with some 11.1 million people visiting the country last year against a rise of 7.2 percent in 2015.
The overall figure of foreign tourist stays rose 10.3 percent in the whole year with most visitors coming from Italy, Austria, Croatia, Germany and Serbia.
Melania Trump's hometown of Sevnica was one of the first to catch the trend of the US First Lady factor.
A local bakery started selling “First Lady” apple pies from apples grown in Slovenia, featured a letter ‘M’ on top and a paper US flag attached.
Melania cakes, Melania pancakes, and Presidential Burgers are offered in restaurants and cafes across the small town nestled in the foothills of the Alps.
The government expects tourism to add to Slovenia's economy that is expected to expand by 2.9 percent this year versus some 2.3 percent in 2016.
Slovenia is famous for its affordable skiing and snowboarding resorts offering holiday-makers winter atmosphere of snow-covered mountains and 300 kilometer-long slopes.
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Eurozone inflation at highest in four years www.rt.com

 
Inflation in the eurozone has jumped by more than expected to 1.8 percent in January from 1.1 percent in the previous month, the statistics authority Eurostat said. The inflation pickup came on the back of a sharp rise in energy prices.
According to the data, the annual increase in consumer prices in January was the fastest since early 2013. The figure was almost in line with the European Central Bank’s target which wants to keep inflation just below two percent.
Core inflation which excludes energy and food costs remained at 0.9 percent in January.
Some policy makers have already put into question the European Central Bank’s (ECB) appropriate degree of monetary stimulus for the 19-nation currency bloc, calling for the bank to scale back its bond-buying program.
“The renown ‘powerhouse’ of the eurozone is now putting significant pressure on the ECB President [Mario Draghi] as Euroskeptics are quickly pointing out that stimulus measures are falling far short of creating a balanced and improved bloc state..,” the head of Dealing at Foenix Partners, Alex Lydall told the Guardian.
“Draghi is erring on the cautious side, but this type of data makes it harder for him to defend his position,” Holger Sandte, chief European analyst at Nordea Markets in Copenhagen was cited as saying by Bloomberg. “New projections could force him into changing his tone.”
Eurostat statistics show eurozone economic growth accelerated at the end of 2016, up by 1.8 percent in the fourth quarter from a year earlier. The euro area outperformed the US economy last year, growing by 1.8 percent in comparison with the United States’ 1.6 percent growth.
The eurozone's unemployment rate fell to 9.6 percent in December, which is the lowest rate since May 2009. There are still more than 20 million people out of work in the EU, including 15.571 million in the euro area.
Germany’s job market has remained as strong as ever with the jobless rate down to 5.9 percent. Greece suffered the worst jobless rate (at 23 percent in October 2016) followed by Spain (18.4 percent).
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Nickel price picked as 2017 winner www.mining.com

Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound ) in February last year; then rallied to more than $11,700 by mid-November only to fall back nearly 20% to trade at a six-month low on Friday.

Nickel, mainly used as an anti-corrosive in steel alloys, rallied in 2016 on the back of a clampdown on mines in the Philippines which took over as the main supplier to China following an ore export ban in Indonesia in place since 2014.

Nickel price picked as 2017 winnerNickel price picked as 2017 winnerThe market was rocked earlier this month when Indonesia abruptly announced a partial lifting of the ban allowing exports of up to 5.2 million tonnes of nickel ore this year.

In a new report Capital Economics, a London-based independent research house, believes of all industrial metals, the nickel price has the best prospects to improve adding that "the market is tightening [following years of underinvestment in new mines] and it is still too soon to say what the partial lifting of Indonesia’s ban on ore exports will mean for supply."

In addition supply from the Philippines may remain constrained. Final results of an audit of the mining sector in the Asian nation ordered by President Duterte is expected this week.

Some 11 mines have already been shut down for failing to comply to stricter environmental rules and a further 20 are under threat. Capital Economics says ultimately 50% of the country's mining capacity could be closed:

However, there are other sources of supply, notably from New Caledonia, that are chomping at the bit to take market share. In late December, the New Caledonia government approved requests from nickel miners to export over 2 million additional tonnes of ore to China. (The government restricts ore exports in a bid to encourage domestic processing.)
Nickel price picked as 2017 winner
On the demand side Capital Economics estimated growth in 2016 at a robust 6.2%, but the firm warns that China’s stainless steel production have have ran ahead of demand last year. Demand for nickel could get a bump from fiscal stimulus in the US, but given the relatively small global share of US nickel consumption, the impact may be limited.

Notwithstanding the likelihood of slower growth in demand, Capital Economics continues to expect that the market will record another deficit in 2017 putting a floor under prices in 2017.

Capital Economics sees the price of nickel climbing to $11,500 per tonne by the end of the year (that's a 20% jump from today's price), with further upside predicted in 2018. That makes nickel the metal Capital Economics is by far the most bullish about.

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McDonald's to open at least 50 new restaurants in Russia in 2017 www.reuters.com

McDonald's (MCD.N) plans to open more than 50 restaurants in Russia this year and hopes to sign more franchising deals to expand in existing and new regions, the local unit's chief executive said on Tuesday.

The fast-food chain opened 73 restaurants in Russia last year, exceeding its forecast. Of the newly-opened restaurants, 65 are company-owned, Khamzat Khasbulatov, head of McDonald's Russia, told a news conference.

Khasbulatov said the target for new outlets in 2017 did not signify the company was slowing the pace of its expansion.

"(The situation) has not got better or worse, 50 is not a small number, we are just giving more freedom to our partners and time to gather pace," said Khasbulatov.

McDonalds currently has three franchisees in Russia, two of which have been opening its outlets in the Urals and Siberia. Franchisees operate 92 restaurants out of its total of 609.

"The (franchising) program will develop, we are looking for new partners," Khasbulatov said.

He added the company aimed to bring the share of local suppliers to almost 100 percent by the end of 2018 from the current 85 percent and was encouraging suppliers to develop production in Russia - a move likely to shield it from currency swings and any import restrictions.

In 2014 Russia banned many food imports in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. The food embargo, which is still in place, has driven up prices and gave a boost to the Russian agriculture industry.

(Reporting by Maria Kiselyova and Olga Sichkar; Editing by Christian Lowe)

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