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    

Category

Events

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

64x64

Small and medium scale companies’ income tax lowered www.montsame.mn

Ulaanbaatar /MONTSAME/ President Tsakhiagiin Elbegdorj made a statement on national security issue at the plenary meeting of the State Great Khural held on February 2. The statement was heard behind closed doors. The Parliament discussed the bill on revenue and expenditure of the National Treasury Fund under closed regime.

After the session transferred into an open regime, the parliament passed seven legal documents on final readings.

One of the bills passed were the amendments to the Entities’ Income Tax Law. The amendments suggested changes in favor of the companies, which are engaged in productions of food, clothing, construction materials and agricultural products and has annual sales income of less than MNT 1.5 billion. The entities that fall under the category will enjoy only 1 percent income tax between January 1 of 2017 and January 1 of 2021. In this way, the income tax rate is being cut by 90 percent.

The country’s economic growth has been slowing down and the unemployment rate has been increasing in the recent years. The majority of registered companies in Mongolia are running small and medium scale businesses.

The revised bill is expected to alleviate their tax burden and enable them to increase their investment, in order to accelerate the economic growth and reduce unemployment.

...


64x64

Russia to deliver 10 Su-35 fighter jets to China in 2017 www.rt.com

 
The second batch of 10 Russian Sukhoi Su-35 multipurpose fighter jets will be delivered to China this year with a further 10 aircraft in 2018, TASS reported on Thursday, citing its sources.
 
"The first four planes were supplied late last year and the second batch of 10 jets will be delivered to the customer this year," said an unnamed source familiar with the matter.
 
In November, Deputy Director of the Federal Service for Military and Technical Cooperation Vladimir Drozhzhov told TASS that Moscow had started deliveries of the fighter jets to China.
 
 
The contract for 24 Su-35s was inked in November 2015, making China the first international buyer of the advanced Russian warplane. The three-year deal for the aircraft, ground equipment, and spare engines is valued at $2 billion.
 
The Su-35 is a long-range '4++ generation' super-maneuverable fighter jet. It is armed with an internal 30mm cannon and has 12 hardpoints with a combined capacity of 8,000 kg, compatible with a wide range of unguided and guided missiles and bombs. Its maximum speed is 2,500 km/h, with a range of 3,400 km, and a combat radius of around 1,600 km.
 
Beijing first showed an interest in buying Su-35s in 2008 during the Airshow China international expo. Formal negotiations started in 2011.
 
China is currently among the world’s top five buyers of Russian arms, restoring its position after a slowdown in the late 2000s.
 
The country buys advanced Russian jet engines, submarines, and surface-to-air missiles, among other high-tech military items.
 
According to the Russian Defense Minister Sergey Shoigu, cooperation between the two countries “is at an all-time high” and “continues to steadily expand each year,” particularly in the economic sphere.
 
Trade between China and Russia was about $68 billion in 2015. Projects for the next three years are estimated at $200 billion.
 
In November, Russia announced the delivery of the S-400 missile systems to China by 2020, making it the first country authorized to buy the advanced air defense weapon. The deal is reportedly worth $3 billion.
...


64x64

US oil exports set to hit all-time high under Trump www.rt.com

 
American crude oil exports are poised to exceed four members of the Organization of Petroleum Exporting Countries (OPEC) this year, according to analysts polled by Bloomberg.
 
The United States, the world’s biggest oil consumer, could export at least 800,000 barrels per day (bpd), the analysts said. This exceeds oil exports of OPEC members Libya, Qatar, Ecuador, and Gabon. In 11 months of 2016, the US exported 527,000 bpd, according to the Energy Information Administration data.
 
Asset management firm Macquarie told Bloomberg US oil production would reach 9.37 million bpd after the 5.6 percent slump to 8.87 million in 2016. Turner, Mason & Co. and Lipow Oil Associates forecast American oil output will exceed nine million bpd, while Wood Mackenzie predicted a more conservative 8.75 million.
 
“Godzilla is even taller in person… US production will be bigger than most people are expecting,” Vikas Dwivedi, senior analyst at Macquarie told the media.
 
The US is neck-and-neck with China as the world's largest crude importer, buying 7.88 million bpd of crude last year. However, there is an explanation, why America is boosting exports, analysts said.
 
American refineries were designed to process dense and high-sulfur oil from Canada and parts of the Middle East and Latin America. The growth in US production mostly came from the Texas’ Permian Basin and Eagle Ford regions, which have oil of better quality, and local refiners can’t process it.
 
“If the US system can’t take the crude it produces, it will have to export it,” Macquarie’s Dwivedi told Bloomberg.
 
If OPEC continues to comply with the self-imposed cuts of 1.2 million bpd, the market may see even a larger amount of American oil, as Europe, Asia, and Latin America will seek new suppliers, said Andy Lipow, head of a Houston-based consulting company Lipow Oil Associates.
 
The 40-year-old ban on exports of American crude oil was lifted in late 2015.
...


64x64

MBD Business mission to Sydney, Australia. March 19-26, 2017 "Accounting best practices"

Mongolian Business Database (MBD) is starting to register the Mongolian business delegates to "Accounting best practices" theme targeted business program jointly with Saki partners Australia www.sakipartners.com.au and Dr.Nigel Finch, Honorary Consul-General of Mongolia in Sydney.

The business program includes a half day special training seminar and Australian accounting and financial company visits.

The Australian Partner Dr. Finch is a Managing Director of Saki Partners, Chartered Accountant, a Chartered Tax Adviser and a Fellow of CPA. He is a member of the Representative Council of CPA Australia, a director of the Australia Mongolia Business Council and a director of several companies listed on the Australian Securities Exchange. He recently served as a Dean of Accounting Department of Sydney University.

For more information please visit the following link http://www.mongolianbusinessdatabase.com/base/eventsdetails… and register at contact@mongolianbusinessdatabase.com or by tel: 77109911 and 98994787.

The registration will be closed by February 22, 2017.

...


64x64

Mongolian share in IBRD capital stock to be raised www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ In yesterday’s cabinet meeting, the Government decided to increase Mongolian share in capital stock of International Bank for Reconstruction and Development of the World Bank group by 143 shares par value of USD120.635 and to grow up its special shares by 71.
 
The increased shares are believed to allow Mongolia to hold active foreign policy, to realize long-term goal to strengthen its position in the world economy through international financial institutions and utilize concessional financial sources from international banks and financial institutions.
 
Share in the bank’s capital stock accounts for voting power and ceiling for the bank’s financing and Mongolia has 0.06 per cent vote.
...


64x64

Southeast Asian ride-hailing firm Grab to invest $700 million in Indonesia www.reuters.com

 
Southeast Asian ride-hailing firm Grab on Thursday said it will invest $700 million to expand in Indonesia over the next four years, marking its biggest-ever investment in any country.
 
Grab's push in what has become its largest market is set to intensify the competition among ride-hailing firms in Indonesia. Grab's rivals in the country include U.S. firm Uber Technologies Inc [UBER.UL] and home-grown app Go-Jek.
 
Grab will open a research and development (R&D) center, start a new investment fund and develop its payment platform in Indonesia. It had also hired Indonesia's former national police chief to oversee corporate governance.
 
Grab said its R&D center in Jakarta will develop localized solutions such as algorithms to address the road regulations in the Indonesian capital. It will also invest up to $100 million in early-stage start-ups or aspiring "technopreneurs".
 
Grab, which was co-founded by Harvard Business School graduate Anthony Tan, raised $750 million in a funding round last September, more than a month after its Indonesian rival, Go-Jek, received $550 million from investors including KKR and Warburg Pincus.
 
 
...


64x64

U.S. jury issues $500 million verdict in Facebook virtual reality lawsuit www.reuters.com

 
A U.S. jury in Texas on Wednesday ordered Facebook Inc, its virtual reality unit Oculus, and other defendants to pay a combined $500 million to ZeniMax Media Inc, a video game publisher that says Oculus stole its technology
The jury in federal court in Dallas found Oculus, which Facebook acquired for about $2 billion in 2014, used ZeniMax’s computer code to launch the Rift virtual-reality headset.
ZeniMax alleges that video game designer John Carmack developed core parts of the Rift’s technology while working at a ZeniMax subsidiary. Oculus hired Carmack in 2013.
Facebook's stock was not impacted by the verdict. The company's shares were up 3 percent in after-hours trading following the release of a fourth-quarter earnings report that beat expectations.
ZeniMax Chief Executive Robert Altman hailed the verdict and said in a statement the company was considering seeking an order blocking Oculus and Facebook from using its code. It is unclear what impact that would have on the Rift's market availability.
Though the jury ruled that none of the defendants misappropriated ZeniMax's trade secrets, it found Oculus' use of computer code directly infringed on ZeniMax's copyright. The jurors held Carmack and different Oculus co-founders Palmer Luckey and Brendan Iribe liable for forms of infringement.
The jury also found Oculus liable for breaching a non-disclosure agreement Luckey signed with ZeniMax in 2012, when he began corresponding about virtual reality with Carmack. The two met on an online forum.
Well-known for helping to conceive games such as "Quake" and "Doom," Carmack worked for id Software LLC before that company was acquired by ZeniMax. He is now the chief technology officer at Oculus.
Facebook Chief Executive Mark Zuckerberg testified last month during the three-week trial that none of ZeniMax’s proprietary code was incorporated into the Rift.
Though the jury did not find Facebook directly liable, it would likely be on the hook for damages owed by its subsidiary, absent an agreement stating otherwise.
In a statement, Oculus spokeswoman Emily Bauer noted the jury's finding on trade secrets theft and said the company would appeal. "We're obviously disappointed by a few other aspects of today's verdict, but we are undeterred," she said. "Oculus products are built with Oculus technology."
...


64x64

Suzuki unveils models with enhanced safety systems www3.nhk.or.jp

 
Japan's Suzuki Motor has launched new mini vehicle models featuring enhanced safety systems.
Suzuki officials rolled out the new models in Tokyo on Wednesday.
The vehicles have an improved automatic braking system that uses a camera and laser sensor. These enable the system to detect pedestrians.
The cars also have a mechanism to prevent drivers from stepping on the gas pedal instead of the brake.
Suzuki officials say the latest hybrid power system improves mileage.
Company president Toshihiro Suzuki says demand is growing for mini vehicles with safety features, as many of their drivers are elderly.
Sales of mini vehicles have declined for 23 consecutive months, year on year, following a tax raise on mini vehicles in April, 2015.
...


64x64

Plant fire costs Nippon Steel up to $350m www.asia.nikkei.com

 
TOKYO -- Nippon Steel & Sumitomo Metal's profits will likely be cut by some 30 billion yen to 40 billion yen ($265 million to $353 million) due to a fire at its plate mill in early January, The Nikkei learned Thursday.
The mill, in Oita Prefecture, southwestern Japan, is a key production site of the Japanese steelmaker. The damage is expected to affect the company's earnings for the two fiscal years through March 2018.
In addition to the costs to restore the damaged mill, the maker will face lower sales of steel plate. Compared to the manufacturer's other factory locations, the Oita plant has a larger capacity and better facilities for steel-plate making. Shifting production to other locations will raise production costs.
The fire began in the early morning on Jan. 5 and lasted 36 hours before being extinguished. Nippon Steel expects to resume operations of the plate mill sometime around September.
...


64x64

Cameco to lose $1.3bn as Japan’s TEPCO cancels uranium contract www.mining.com

 
Uranium miner Cameco (TSX:CCO; NYSE:CCJ) is weighing its options after a key Japanese customer attempted to cancel its contract, which would mean $1.3 billion in lost revenue for the Canadian company.
Tokyo Electric Power Company Holdings (TEPCO), the operator of Japan’s wrecked Fukushima nuclear plant, issued a termination notice for a uranium supply contract on Jan. 24 and, earlier this week, it said it would not accept a delivery that was scheduled for Feb.1.
Such contract cancellation would affect about 9.3 million pounds of uranium deliveries through 2028, including about 855,000 pounds annually in 2017, 2018 and 2019, Cameco said.
Shares collapsed on the news. They were trading down 12.5% to Cdn$14.50 in Toronto at 1:00 pm, and 13.3% down in New York to $11.06 at 1:26 pm ET.
Cameco said the Japanese power company has cited forces beyond its control — specifically government regulations arising from the 2011 Fukushima nuclear accident — that have prevented the operation of its nuclear plants.
The Canadian firm insisted that there's no basis for terminating the contract and considers TEPCO to be in default. It said it will pursue its rights — including binding arbitration.
“We are surprised and disappointed that TEPCO is seeking to terminate its contract given all the past productive discussions we have had to date,” Cameco’s president and CEO Tim Gitzel said in the statement.
The company noted it has sufficient financial capacity to manage any loss of revenue in 2017 as a result of the dispute.
Including income coming from TEPCO, Cameco expects 2017 earnings will range between $2.1 billion to $2.2 billion. More information on the uranium miner’s financial position will be released next week.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook