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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Russian Social Network Vkontakte Sues Data Mining Companies www.themoscowtimes.com

Russian social network Vkontakte is suing two data-mining companies who used its website to gather information on users without permission.

The two companies, Double Data and the National Bureau of Credit Histories, will appear in the case at Moscow’s Arbitration Court.

Double Data collects information on users’ place of work, study, and friends from their social media page in a bid to compile a credit history, according to court documents. The company mines this publicly-available data without permission from Vkontakte or the users’ themselves.

Vkontakte claims that Double Data’s work slows the speed of their site, and is demanding symbolic compensation of one ruble ($0.02).

Double Data’s General Director Maxim Ginzhuk has said that his firm will fight the case, accusing the social network of launching the law suit to eliminate the company as a competitor. The company behind Vkontakte, the Mail.ru Group, recently began to invest in big data analysis software designed to assess credit risk, the Kommersant newspaper reported Tuesday.

With more than 88 million registered users in Russia and 143 million worldwide, Vkontakte remains the most popular social network in Russia, with more than eight times the daily users of leading international social network Facebook.

It is the second popular website in Russia in terms of daily visitors, out ranked only by Russian-language search engine Yandex.

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Brazil's former richest man Eike Batista sent to prison www.bbc.com

 
Former Brazilian oil and mining tycoon Eike Batista has been transferred to a high security prison in Rio de Janeiro after being arrested on arrival from New York.
Once Brazil's richest man, he has been accused of paying millions of dollars in bribes to secure contracts with Rio's state government.
Mr Batista has denied any wrongdoing.
He has promised to help the authorities in their efforts to tackle corruption which he says is widespread in Brazil.
Before boarding the plane and turning himself in to police, Mr Batista said he was returning to Brazil to clear his name.
"I'm at the disposal of the courts," he told O Globo newspaper in New York. "As a Brazilian, I am doing my duty."
Under Brazilian law, Mr Batista would have been sent to a special prison wing if he had a university degree.
But as he dropped out before finishing his engineering degree in Germany, he will be serving time in an ordinary cell with six other inmates at the Bangu penitentiary.
Many Brazilian jails are overcrowded and controlled by criminal gangs.
The authorities in Rio say, however, that is not the case at Bangu.
German passport
Mr Batista was met by police as he landed in Rio on Monday morning.
He was escorted off the plane and initially taken to the Ary Franco prison in Rio.
After undergoing medical exams and having his hair cut short, he was transferred to the high security prison in the outskirts of the city.
Mr Batista was declared a fugitive by Brazilian officials after police raided his estate in Rio de Janeiro last week and found he had left for New York just hours earlier.
BBC South America business correspondent Daniel Gallas says there was much speculation on whether Mr Batista would return to Brazil or use his German passport to flee to Europe.
But Mr Batista said the trip to New York was not an attempt on his part to flee justice.
He is now due to be questioned about his alleged involvement in a corruption ring involving powerful business people and influential politicians in Rio de Janeiro state.
Investigators accuse Mr Batista of paying the then-governor of the state, Sergio Cabral, $16.5m (£13.2m) in bribes to win government contracts.
Mr Cabral was arrested in November as part of a larger corruption investigation dubbed Operation Car Wash.
As a result of Operation Car Wash, more than 100 people, including Brazil's most powerful building tycoon, Marcelo Odebrecht, have been convicted of crimes such as bribery, racketeering and money-laundering.
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11th International Mongolian Studies Conference in Washington www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The 11th International Mongolian Studies Conference was held on January 27-28 at the Embassy of Mongolia and at the Library of Congress in Washington, DC, USA.
Over 80 Mongolists from the United States, People’s Republic of China, Russian Federation, former U.S. Ambassadors to Mongolia and Mongolians reside in the United States participated in the conference, which coincided with the 30th anniversary of the establishment of diplomatic relations between Mongolia and the United States.
Moreover, with the very first live broadcasting of the conference on internet, many Mongolians and those who are interested in Mongolian studies worldwide, were able to watch the conference online.
Ambassador of Mongolia to the US, Altangerel Bulgaa stated in his remark that “Not only has the three decades long cooperation broadened in many areas, including politics, commerce, defense, education and culture, but also in mutual support on international arena, which satisfies me”. He also expressed his view that the conference has been playing an essential role in promoting Mongolian rich history, language, culture and traditions throughout the United States as well as deepening the mutual understanding and friendship between the peoples.
The first day of the conference touched on theme "Mongolia and the United States relations”. Presentations on “30 years of United States-Mongolia relations-Trends” by Dr. Alicia Campi, “The Significance of Mongolia’s Third Neighbor Foreign Policy” by Bolor Lkhaajav (University of San Francisco) and “Contributions of Buddhist Monks for the Mongolia-United States Relations” by Mr.Luvsanjamts Davaanyam (Gandantegchilen Monastery) were made at the Embassy of Mongolia.
Then, the conference continued at the Library of Congress where Ambassador Altangerel Bulgaa gave a comprehensive speech on “Mongolia and United States Relations in 30 Years”, while Professor John W.Williams from Principia College delivered the keynote speech on “The First Draft of History Has a Poor Memory: The Dilowa Khutugtu in American Journalism”.
During the second panel of the conference held on January 28, topics such as Mongolian history, archeology, Mongolian community in the United States, philology were discussed.
The Mongolian Cultural Centre, a non-profit organization established in 2007, has been promoting Mongolian language and culture in the United States and developing Mongolian studies through its activities, including the annual Mongolian Studies Conference.
 
 
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Mongolia-one of the best ethical destinations for 2017 www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Mongolia has been selected as one of the world’s ten best ethical destinations for 2017 by Ethical Traveler, nonprofit organization a project of the Earth Island Institute. The countries on the 2017 list include Belize, Cabo Verde, Chile, Costa Rica, Dominica, Palau, Tonga, Uruguay and Vanuatu.
 
Every year, Ethical Traveler reviews policies and practices of over one hundred developing nations, focusing on three general categories: environmental protection, social welfare and human rights and selects the ten that are doing the most impressive job of promoting human rights, preserving the environment and supporting social welfare. Mongolia also won the title in 2016.
 
“For each category, we look at information of past and present to understand not only the current state of a country, but how it has changed over time. This helps us to select nations that are actively improving the state of their people, government and environment. Our goal is to encourage the behaviors we see as creating a safer and more sustainable world…. For a country to make our list, of course, it must excel in more than metrics. Each Ethical Destination also offers unspoiled natural beauty, great outdoor activities and the opportunity to interact with local people and cultures in a meaningful, mutually enriching way. By visiting these countries, we can use our economic leverage to reward good works and support best practices” reported the Ethical Traveler.
 
“Mongolia impressed us again this year with a huge investment in education projects for 457 schools, benefitting half a million students and teachers. In an effort to increase interest in the sciences, the Ministry of Education created 200 new physics labs in secondary schools across the nation”.
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Exclusive: Peanuts, home of Snoopy and Charlie Brown, up for sale - sources www.reuters.com

 
U.S. brand management company Iconix Brand Group Inc is exploring a sale of its majority stake in Peanuts Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to people familiar with the matter.
The move comes three months after U.S. insurance company MetLife Inc dropped the Peanuts characters it had been using as mascots for more than 30 years - a blow to debt-burdened Iconix.
The characters, which include Lucy, Peppermint Patty and Pigpen, have attracted the interest of Chinese companies as well as other investors keen to snap up U.S. media and licensing assets, the people said this week.
Created by Charles Schulz and licensed in over 100 countries, the characters generate about $30 million in 12-month earnings before interest, taxes, depreciation and amortization, the people added. They declined to comment on the expected deal valuation.
Besides Peanuts, Iconix is also looking to sell its Strawberry Shortcake brand, which is based on a character that rose to fame in the 1980s as a doll for young girls, the people said. They asked not to be identified because the matter is confidential.
The New York-based company is working with investment bank Guggenheim Partners LLC on an auction process to sell the brands, the people added, cautioning that there was no certainty that any deal would occur.
Iconix, which has a market capitalization of $553 million, did not respond to a request for comment, while Guggenheim declined to comment.
While MetLife will stop flying blimps featuring Snoopy this year, Peanuts has agreements with brands such as chocolate maker Nestle SA, stationary company Hallmark Cards Inc, and retailer Zara, according to a regulatory filing by Iconix.
In 2015, Twenty-First Century Fox Inc released The Peanuts Movie, which was nominated for a Golden Globe award and grossed $246 million worldwide, according to Box Office Mojo, a website that tracks the revenue that movies generate.
Peanuts' largest international market is Japan, where a new Snoopy museum opened last year, according to the Iconix filing. The company renewed a long-standing contract to air the popular Peanuts holiday TV specials on U.S. network ABC in 2014 for five years.
Initially called "Li'l Folks", the comic strip was renamed "Peanuts" in 1950, when it became syndicated in seven newspapers, according to the Charles M Schulz Museum website. Schulz passed away in 2000.
Iconix, which also owns clothing brand Joe Boxer and outdoor wear brand London Fog, purchased an 80 percent stake in Peanuts in 2010 from U.S. media company E.W. Scripps Co in a deal valued at $175 million.
The remaining 20 percent in the company is owned by Charles M. Schulz Creative Associates, which is controlled by the Schulz family.
Iconix sold another flagship brand, the Sharper Image, last year to its biggest licensee, ThreeSixty Group Inc, for $100 million. The transaction was used to pay down some of Iconix's debt, which totaled $1.29 billion as of the end of September.
Last year, Iconix said it would help develop and produce a new animated series based on Strawberry Shortcake. Iconix acquired the brand about two years ago for $105 million from greeting cards maker American Greetings Corp.
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Wal-Mart offers free two-day shipping in latest attempt to compete with Amazon www.reuters.com

 
Wal-Mart Stores Inc (WMT.N) will offer U.S. shoppers free two-day shipping on a minimum order of $35 starting Tuesday, its latest attempt to compete with rival Amazon.com Inc's (AMZN.O) popular Prime shipping program.
 
Free shipping will replace 'Shipping Pass', Wal-Mart's existing two-day shipping program that charges shoppers an annual membership fee of $49. Amazon Prime charges customers $99 a year for two-day shipping that comes with additional features like a streaming video service.
 
Marc Lore, head of Wal-Mart's e-commerce operations, said the company's offer will be "most compelling" for shoppers looking for low prices, a wide assortment and fast shipping.
 
"In today's world of e-commerce, two-day free shipping is table stakes. It no longer makes sense to charge for it," Lore said on a conference call. He is the former head of online retailer Jet.com, which Wal-Mart bought for $3.3 billion last year.
 
The decision to scrap the membership fee is Lore's boldest move yet to challenge Amazon since he took charge of Wal-Mart's struggling online business. Earlier this month, Lore shuffled Wal-Mart's e-commerce decks.
 
The move is in line with the broader push by Wal-Mart Chief Executive Doug McMillon to narrow the gap with Amazon and give it an even more dominant position in U.S. e-commerce. The retailer has been investing in e-commerce for the past 15 years, but it still lags far behind its Seattle-based rival.
 
Wal-Mart's free shipping offer will be available on over 2 million items. It will include frequently ordered items such as household essentials, baby products, cleaning supplies and food items like cereal and peanut butter.
 
Wal-Mart said it will use its new online warehouses around the country to fulfill such orders and expects to ship many such items in just one day. In October, the retailer said it is on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016.
 
Wal-Mart will also fully refund the membership fee for existing Shipping Pass members. The company started experimenting with Shipping Pass in 2015 and was trying to boost demand for the program by offering a free 30-day trial in 2016.
 
In a separate blog post, Lore said the retailer remains committed to saving consumers money. "I've been here for four months and I couldn't be more excited about how fast we are moving. It feels like a startup."
 
He indicated there will be more changes at the world's largest retailer.
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Dropbox Hits $1 Billion Revenue Run Rate www.forbes.com

 
Last year, Dropbox announced it had become cash flow positive. Now it has a new financial milestone.
Cofounder and CEO Drew Houston announced on Monday that Dropbox has passed $1 billion in annual revenue run rate, or revenue over a short time period extrapolated over a full year. Dropbox also claims that it is the fastest software-as-a-service (SAAS) company to reach this goal. Public competitor Box had just over $300 million in revenue its last full annual results.
Houston, a 33-year-old billionaire, also said that Dropbox currently has 500 million users around the world and 200,000 paying business customers. He called their rapid revenue growth the result of an “incredibly powerful model” that combines their original consumer internet strategy with the enterprise solutions business they’ve focused on in recent years.
Over the last couple of years, Dropbox has struggled to justify its $10 billion private valuation. Wall Street values Box, which has a run rate over $400 million, at a $2.25 billion market capitalization. At the same multiples, Dropbox’s newly announced run rate would imply a value for the company around $5-$6 billion.
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Ambassador to Sri Lanka presents credentials www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Ganbold Gonchig, the newly accredited Ambassador Extraordinary and Plenipotentiary of Mongolia to the Democratic Socialist Republic of Sri Lanka presented his credentials to President Maithripala Sirise on January 24.
Present at the occasion held in Sri Lankan capital Colombo were P.B. Abeykoon, Secretary to the President of Sri Lanka, Mangala Samaraweera, Minister of Foreign Affairs, Esala Weerakoon, Secretary of State of the Ministry of Foreign Affairs and other officials.
Following the ceremony, sides held a friendly talk during which the President talked about his efforts aimed at maintaining national unity, enforcing public order, eradicating poverty by ensuring economic growth, increasing employment, avoiding conflict and strengthening friendly ties with other countries. “Sri Lanka will support Mongolia in every aspect, and is willing to redevelop bilateral trade and economic cooperation”, President Maithripala Sirise remarked.
For his part, Ambassador Ganbold conveyed President Ts.Elbegdorj’s greetings, expressed his readiness to work towards developing Mongolia’ friendly relationship with Sri Lanka in bilateral and multi-lateral contexts as the two countries share many similarities, and appreciated Sri Lanka’s support in the process of Mongolia joining UN Human Rights Council.
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Sweden vows to ‘take measures’ if port city agrees to Nord Stream-2 construction www.rt.com

 
Sweden’s defense ministry has refuted reports that it has softened its stance on the use of Karlshamn as the base for the construction of Russia’s Nord Stream-2.
Previously, officials claimed that the pipeline - which would transport natural gas into the EU - was “detrimental to Sweden’s political and security interests.”
“The government’s assessment remains unchanged. We will meet representatives of Karlshamn community tonight to receive information from them. If they decide to rent out the port, we will need to take measures,” Marinette Nyh Radebo, press secretary of Defense Minister Peter Hultqvist, said ahead of an official decision set to be announced on Tuesday.
Nyh Radebo said that any approval of the project would be accompanied by a strengthening of the coast guard, armed forces, customs, and tighter surveillance over the strategic Baltic port, which is located 50 km away from the key Karlskrona naval base.
The official was responding to a report disseminated by state-owned Swedish Radio, which claimed that the government had its concerns assuaged, noting there is already a significant volume of Russian maritime traffic at the port.
The center-left alliance that controls the municipality of about 20,000 people had lobbied for project, which will follow the path of the first Nord Stream pipeline, completed in 2011, to be given the green light.
“The goal is still to implement the deal,” Mayor Per-Ola Mattsson, whose municipality will net an extra €3-6 million as a result, said on Monday. “Many other ports have Russian crews too, if it is a concern here, why isn’t it a concern anywhere else?”
The original 1,200-km pipeline, which runs ashore in Germany, was vehemently opposed by several Eastern European states, alarmed by Moscow’s potential grip on the continent’s energy security, but it was approved in Sweden.
The second pipeline, which will double the capacity of Nord Stream to 55 million cubic meters, is being built against an even fiercer backdrop of resistance, considering that Russia is still under EU sanctions.
If all goes to plan, Nord Stream-2, which is expected to cost around €10 billion, will come online in 2019. It will be majority-owned by Russian state giant Gazprom, with minority stakes held by Basf, E.On, Engie, OMV, and Shell.
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Ex-HBOS manager and five others face jail over £245m scam www.theguardian.com

 
A group of six financiers including a former senior HBOS banker face jail after being convicted on Monday for their roles in a scam involving £245m worth of fraudulent loans.
Ex-HBOS manager Lynden Scourfield, 54, was bribed by David Mills, 60, with foreign cruises and sex parties, a jury at Southwark crown court found on Monday.
In addition the former banker was lavished with stays in Mayfair hotels, trips to Las Vegas and Barbados, a £3,220 Cartier watch and enjoyed three nights on a six-star cruise from Nice to Saint Tropez.
In return, Scourfield, who had previously pleaded guilty to charges relating to his role in the scam last year, agreed to give inappropriate loans to struggling businesses, which allowed Mills and his associates to profit from imposing high consultancy fees on those firms.
Many of the businesses went bankrupt as a result and some of the owners lost their homes. Stephen Rowland, of the Crown Prosecution Service fraud division, said: “This had a very real impact on a lot of people, individuals who had worked had to build up companies.”
Mills, who faces the potential of a long prison term along with Scourfield, was convicted alongside his wife Alison, 51, their associates Michael Bancroft, 73, and Tony Cartwright, 72, for their various roles in running the fraud between 2003 and 2007. Mark Dobson, 56, another HBOS banker who used to work under Scourfield, was also found guilty.
A seventh man, accountant Jonathan Cohen, 57, was acquitted.
Scourfield was in charge of corporate customers experiencing financial difficulties at HBOS’s branch in Reading, Berkshire, until he resigned in 2007.
He received gifts of clothes, jewellery, luxury hotels, business-class flights and expensive meals at an oyster bar and a cheesecake restaurant, the jury heard during a four-month trial.
The court was told how more than £28m passed from HBOS through the bank accounts of either Mills, his wife or companies under his control, although not all of that sum was retained by the financier.
Mills’s wife also played an active role in the scheme, inviting Scourfield and his wife, plus Dobson, to go on trips to Ascot racecourse. Meanwhile Mills, Bancroft, Scourfield and their wives holidayed together in Barbados to celebrate Alison Mills’ 40th birthday.
Aside from stories of high end holidays, luxury yachts and expensive jewellery, the court also heard less glamorous evidence, including how Scourfield would receive regular bribes in the form of envelopes stuffed with thousands of pounds in cash to pay for sex workers at a flat in Marylebone, central London.
One woman who worked at Fantasy – a pornographic magazine company under Scourfield’s portfolio – said she was asked to arrange girls for the “posh twat banker friends”.
A diary entry from one of the sex workers read: “Met guys, me, Amber and Suzie. Chinese meal. Then drinks at flat and quick shag. Easy £1,500.”
Rowland said: “There was a very seedy side to this case and that’s indicative of the kind of mindset and the kind of sleazy elements of these kinds of crimes.”
The prosecution was brought after a six-year investigation by Thames Valley police that involved 150 officers who sifted through about 500,000 documents. Three rooms were needed to house the evidence collected during the investigation.
Scourfield pleaded guilty in August to six counts, including conspiracy to corrupt.
Mills and Bancroft were found guilty of six and five counts respectively, including conspiracy to corrupt and fraudulent trading. Alison Mills was convicted of one count of money laundering.
Dobson and Cartwright were both convicted on two counts.
Sentencing is scheduled for Thursday.
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