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    

Events

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

NEWS

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Zimbabwe launches new currency to ease cash crunch www.rt.com

The Reserve Bank of Zimbabwe has introduced a national currency for the first time since 2009 in an attempt to tackle a sharp shortfall of the US dollar, the country’s primary medium of trade.
 
The new currency, called bond notes, is pegged at par with the US dollar and is backed by a $200 million bond facility with Afreximbank, according to the regulator.
 
An initial amount worth $10 million is going into general circulation in two and five dollar denominations.
 
The circulation of the dollar will not be suspended.
 
The bond notes have fueled fears of economic chaos with people’s savings being wiped out. Some analysts call the introduction of the new currency the Zimbabwean president’s “last gamble.”
 
The bond notes aim to halt the outflow of US dollars from the country as well as to ease a cash shortage.
 
The country started using US dollar as its primary currency seven years ago following the collapse the Zimbabwean dollar with hyperinflation of 500 billion percent.
 
Some vendors are accepting the new money, though say they will stop if the notes begin to lose value.
 
The introduction of the currency might cause shortages of commodities and price hikes, according to Harare-based economic consultant John Robertson.
 
“Anyone who needs foreign currency for imports will have to go to the black market. Inevitably the bond notes will lose their value. It is back to the Zimbabwe dollar scenario,” he said as quoted by AP.
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MNT 514.2 billions of loan to reduce air pollution granted www.gogo.mn

In scope of Mongolian Sustainable Financing Principle, MNT 880.8 billions of financing were funded to the companies as of first three quarters of 2016. Of which MNT 514.2 billions were granted to the projects aiming at reducing air pollution of Mongolia, which accounts the 58.4 percent of total financing. 
MNT 321.5 billion were funded to four water conservation projects, MNT 16.1 billion were funded to 787 renewable energy projects, MNT 28.6 billion were funded to 900 energy efficiency projects and MNT 400 million were funded to other green projects. About 30 percent (one in three) of loans borrowed by the commercial banks to the companies provide the requirement for green loans. 
In further, Mongolian Bankers Association is projected to establish "Green loan fund" and fincance the fund with international fundings. According to the international standard, up to US$ 50 millions of green loans is able to be granted for per green project.

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MBD Business missions to abroad in 2017 www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) will host the following trade missions to the target destinations.

- Feb: "High technology and start up business ecosystem" workshop & business program in Jerusalem, Israel with Innocon Valley based in Finland

- March 19-25: "Accounting business international standard" expo & Business program in Sydney, Australia with Mongolian Honorary Counsel in Sydney

- April 03-09: "The 6th Mongolia London Business Forum" & Business program in London, UK with Mongolian British Chamber of Commerce

- April 14-21: "NAMBC's 27th AGM & Investors Forum" & Business program in Washington DC with North America and Mongolia Business Council

May 09- 16 "Agriculture and Livestock farming best practices" expo and Business program in Brno and Prague, Czech Republic with the Embassy of the Czech Republic in UB.

July: "Doing Business with Mongolia" seminars in Helsinki, Finland and Stockholm, Sweden (Scandinavian Countries) with Innocon Valley based in Finland

Please save the date in your 2017 business calendar if/when you ll interested to participate on of these events.

Mongolian Business Database (MBD) is an agency which promotes foreign and domestic company's specific/particular business interest in foreign and local market and organize the B2B events in order to make the deal achieves to the reality.

MBD recently hosted Mongolian trade mission to Mongolian British Chamber of Commerce's “Doing Business with Mongolia” seminar and business program in London in Nov last year and Oct this year, "International Franchising Expo and the special training in Sydney in March and May 2016 with Mongolian Honorary and General Counsel in Sydney, NAMBC's Investors conference in Ottawa in May 2016 and Mongolian trade mission for International Festival for Business in Liverpool in end of June this year by the authorization of UK Embassy in UB and Liverpool Mayor's office.

MBD Admin
Galaxy Tower 1003
www.mongolianbusinessdatabase.com
contact@mongolianbusinessdatabase.com 
Tel: 77109911,98994787,99066062

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China risks wasting $490 billion on unneeded coal plants — study www.mining.com

China risks flushing down the toilet half a trillion dollars on new coal plants, which according to a study released Monday, the country doesn’t even need.

The report, published by London-based the Carbon Tracker Initiative, argues that not only does China not new coal plants, but also that existing capacity may come under financial pressure by 2020 from power market reforms and carbon pricing, which continue to squeeze coal generation out of the country’s power mix.

As of July this year, China had 895 GW of operating coal capacity or 2,689 plants being utilized less than half the time, with another 205 GW of capacity under construction, which is inconsistent with the goals of Beijing’s 13th Five-Year plan, the document shows.

It also argues that slower power demand growth and low carbon capacity targets will likely strand coal capacity. Additional capacity beyond existing plants is only required by 2020 if power generation growth exceeds 4% per year and coal plants are run at utilization rate of 45% or less, according to the report.

“It is clear that China is coming to terms with the fact it does not need any more coal capacity in a market where existing plants are not even running half the time,” said Matthew Gray, senior analyst and the study’s author. “The dynamic policy environment suggests China is trying to work out how to avoid wasting half a trillion dollars on unneeded coal plants.”

Given the expected increases in non-coal energy generation — hydro, wind, solar, gas, nuclear and biomass — coal generation in China could fall by up to 8% from 2015 to 2020, Gray warned.

“There are clear signs that Chinese coal generation is peaking, as the growth in alternative energy sources can meet lower power demand growth during the 13 FYP. This can only spell bad news for exporters betting on China propping up the seaborne thermal coal market in the future,” said James Leaton, Carbon Tracker’s head of research.

A drop in coal-fired power, combined with the resumption of domestic production, may kill China’s imports from overseas. The country, instead, could become a net exporter of coal again before 2020, negatively affecting seaborne thermal coal prices, the report concluded.

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K-pop video director Cha Eun-taek charged in South Korea corruption scandal www.bbc.com

A pop music video director in South Korea has been charged in a corruption scandal that threatens to engulf the country's president, Park Geun-Hye.
Cha Eun-taek will stand trial for allegedly using his ties to the president's confidante to win lucrative projects.
The charges include abuse of power, coercion and embezzlement.
Mr Cha, 46, has worked with Gangnam Style star Psy, and South Korean boy band megastars Big Bang.
His involvement in the scandal hinges around his links to Choi Soon-sil, Ms Park's close friend and the daughter of a cult leader, who is believed to have used her status to extract more than £48m ($60m) from top firms, including Samsung.
She is accused of meddling in a wide range of state affairs, including South Korea's preparations for the 2018 Winter Olympics.
Prosecutors say Ms Park herself ordered her former economic adviser to help Mr Cha pressure companies and officials so he would win contracts.

Ms Park, whose approval rating has dropped to 4%, apologised earlier this month for putting "too much faith in a personal relationship", and has pledged to co-operate with an official investigation into the corruption.
South Korea's constitution does not allow a sitting president to be prosecuted, and Ms Park has 15 months left in her term.
But now that prosecutors have directly linked her to criminal proceedings, it is possible she could be impeached for breaking the law.
For the past five weeks, huge rallies have been held across South Korea demanding the president's resignation.
Organisers say a gathering in Seoul on 26 November drew 1.5 million people. Police estimates put the number at 270,000.

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China Bank: Yuan strong against most currencies www.nhk.or.jp

The deputy head of China's central bank has dismissed speculation that the country's currency will continue to be weak against the dollar.

The deputy governor of the People's Bank of China, Yi Gang, commented on the recent fall of the yuan against the dollar in an interview with state-run media on Sunday. He insisted that the yuan remains stable and strong against most currencies, with the exception of the dollar.

The yuan has continued to fall against the dollar since the beginning of this month amid the worldwide trend of a strong dollar.

The yuan slumped to its lowest point against the dollar in 8 years and 5 months, or since the 2008 global financial crisis.

The downward trend has triggered speculation that the uncertain future of the Chinese economy is causing the currency to continue falling.

Yi told the media that the recent fluctuations in the yuan's value have been caused by external factors, such as the US presidential election result and growing sentiment among market players that the US Federal Reserve could soon raise the key interest rate.

He said the quotation of the Chinese currency is decided not only in reference to the US dollar, but also to 12 other key currencies. He said the yuan remains stable and strong against those 12 currencies.

Regarding China's shrinking foreign exchange reserves, Yi said China's figure remains the highest in the world, and that the country holds more than enough of such reserves.

He admitted that there are comparatively strong trends of Chinese people seeking stable assets abroad.

But he said he believes money will return to China if its economy becomes stronger again.

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Samsung Elec to consider split: Seoul Economic Daily www.reuters.com

South Korea's Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.

Samsung's board of directors would hold a meeting on Tuesday and formally respond to Elliott's proposals, the paper said. The Korea Exchange separately asked Samsung to comment by 6 p.m. (4.00 a.m. ET/0900 GMT) on whether it planned a spinoff.

The world's top smartphone maker said in late October it would respond to Elliott's proposals and disclose plans for shareholder returns by the end of November.

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Nico Rosberg wins F1 title as Lewis Hamilton wins in Abu Dhabi www.bbc.com

Nico Rosberg won his first Formula 1 world title despite Lewis Hamilton disobeying Mercedes orders not to back his team-mate into rivals.

Hamilton won the Abu Dhabi GP driving slowly in an attempt to bring other drivers into the battle, knowing he needed Rosberg to finish below third.

Hamilton was repeatedly told to speed up but told the team: "Let us race."

Rosberg came under pressure from Sebastian Vettel but managed to hold the Ferrari driver to finish second.

Rows over the radio

Hamilton controlled the race from the front but was under instruction from Mercedes management not to try any strategic games to delay Rosberg.

However, he disregarded message after message to speed up and prevent Vettel and Red Bull's Max Verstappen from closing on Rosberg.

Formula 1
Rosberg may have had the better of the reliability this season, but it has not always been that way
The German in turn complained on the radio to the team to "consider doing something" and the tense title battle will do nothing to improve the cool relationship between the two drivers.

At one point, as Vettel homed in on Rosberg in the closing laps, Mercedes executive director (technical) Paddy Lowe, who rarely speaks to the drivers on the radio, told Hamilton: "Lewis, this is Paddy. We need you to pick up the pace to win this race."

Hamilton replied: "I'm in the lead right now. I'm quite comfortable where I am."

But his tactics were not enough and Rosberg whooped with delight as he crossed the line and after his wife Viviane congratulated him over the radio, did doughnut spins on the pit straight before climbing on to the nose of the car to take the cheers from the crowd.

"It's a childhood dream come true," Rosberg said over the radio. "Thank you for everything."

Champion but does she deserve it?
A very tense race

Rosberg started the race 12 points ahead of Hamilton and knew a finish on the podium would be enough to secure the championship regardless of what Hamilton did.

Initially looked like he would be able to cruise to an easy climax to the best season of his career, but it did not take long for the tension to mount.

Hamilton and Rosberg both made good starts to convert first and second places on the grid into a one-two from the start.

But the difficult moments for Rosberg began when he came out from his first pit stop behind Red Bull's Max Verstappen.

After a spin at the first corner of the race, the Red Bull driver recovered ground quickly and, running a long first stint as a prelude to a one-stop race, ended up in second place behind Hamilton after the leaders had finished their first pit stops.

Rosberg came out right behind Verstappen, and was also under pressure from behind from Ferrari's Kimi Raikkonen, Red Bull's Daniel Ricciardo and Ferrari's Sebastian Vettel.

Ricciardo attacked Raikkonen intermittently, without managing a pass, but Rosberg was able to stay out of the Ferrari's reach and the Finn never got close enough to try the same to the Mercedes.

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Volkswagen forms JV with Algeria's SOVAC for local assembly www.reuters.com

Nov 27 Volkswagen said on Sunday it had formed a joint venture with Algerian sales partner SOVAC to assemble cars in the North African country, aiming for production capacity of more than 100 vehicles per day from spring 2017.

Volkswagen will hold a minority stake in the joint venture, SOVAC Production SPA, which will produce vehicles from the Volkswagen, Volkswagen Commercial Vehicles, SEAT and Skoda brands, the German carmaker said.

"The Volkswagen Group opted for participation in SOVAC Production SPA as we have co-operated successfully with our sales partner SOVAC for many years," Volkswagen executive Josef Baumert said in a statement.

"For us, this is a logical step towards increasing vehicle sales in Algeria in the long term."

SOVAC has been a sales partner for Volkswagen since 2001, Volkswagen said, adding it delivered 30,000 new vehicles via SOVAC in 2015. (Reporting by Christoph Steitz; Editing by Mark Potter)

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Hong Kong welcomes launch of Shenzhen-Hong Kong Stock Connect www.chinadaily.com.cn

 
HONG KONG - The Hong Kong Special Administrative Region (HKSAR) government and institutions welcomed the launch of the Shenzhen-Hong Kong Stock Connect (SZHKSC) on Friday evening.
 
The SZHKSC will be launched on Dec 5, according to a joint announcement by the China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong.
 
The SZHKSC is a mutually beneficial collaboration project. Following the successful implementation of the Shanghai-Hong Kong Stock Connect, the SZHKSC will help further promote the opening up of the Chinese mainland's capital markets as well as the internationalization of the renminbi (RMB), according to a HKSAR government statement.
 
It will also reinforce Hong Kong's position as an international financial center and a premier offshore RMB hub, it said.
 
John Tsang, Financial Secretary of the HKSAR, said, "The SZHKSC will be implemented very soon. We will closely monitor its implementation so that it will contribute to the economic and financial reforms of our country and reinforce Hong Kong's position as an international financial centre."
 
Welcome from HKEX
 
Hong Kong Exchanges and Clearing Limited (HKEX) welcomed the latest timetable for the launch of the SZHKSC.
 
The HKEX market has been ready in terms of technical systems and operations for the launch of program, said an HKEX statement.
 
HKEX has completed three rounds of connectivity testing and market rehearsals to ascertain technical readiness of the market infrastructure and operational readiness of market participants, the statement said.
 
"I want to thank everyone for their support to ensure a smooth launch of Shenzhen Connect," said HKEX chief executive Charles Li.
 
"We're ready for another milestone in our mutual market access initiative. Shenzhen Connect will open up another mainland market for international investors," Li said.
 
Welcome from HK Monetary Authority
 
The Hong Kong Monetary Authority (HKMA) welcomes the timetable.
 
Norman Chan, chief executive of the HKMA, said, as the second channel for mutual access to stock markets of mainland and Hong Kong, the SZHKSC is an important initiative to enhance Hong Kong's position as an international financial center.
 
The HKMA has recently appointed two additional primary liquidity providers and introduced measures to enhance transparency of the RMB market liquidity, Chan said.
 
"I believe this will further strengthen Hong Kong's role as the global hub for offshore RMB business in support of RMB internationalisation," he noted.
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