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 to sign compact agreement with USA www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ On December 14, Ms. Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, Pacific and Latin America of the Millennium Challenge Corporation (MCC) of the U.S.A. informed the Foreign Minister of Mongolia, Mr Ts. Munkh-Orgil over the phone of the MCC’s Board of Directors decision to include Mongolia in a list of countries eligible to sign the Second Compact Agreement.
 
Through its Second Compact Agreement, the MCC aims at providing a sustainable and comprehensive solution to a major developmental issue facing Mongolia. Sharing this commitment, the parties are closely cooperating to define the target areas of investment, which are, as of today, identified as increasing bulk water supply of Ulaanbaatar, and improving water supply and sanitation in ger areas.
Following the MCC’s Board of Directors decision to select Mongolia as a Second Compact Agreement eligible country in 2014, by Resolution of the Prime Minister of Mongolia, the Working Group to provide leadership and direction for the development of the Second Mongolia Compact Agreement between the Government of Mongolia and the Millennium Challenge Corporation of the USA, headed by the Minister Ts.Munkh-Orgil was established. The following year, the National Secretariat was set up. The preparations for the signing of the Second compact are underway. While, in general, Mongolia passes the Compact eligibility requirements, the Board noted that it expects Mongolia to demonstrate improved performance in combatting corruption.
 
The sides are working towards signing the agreement in 2017.
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Central bank's Monetary Policy Council meeting to be held four times in 2017 www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Under an order of the President of Mongolbank, dates of meetings of the central bank's Monetary Policy Council (MPC) has been fixed on December 14.
 
According to decision , the council will meet four time and its first meeting is scheduled on15 to 17 March 2017 in Ulaanbaatar, the 2nd meeting-- from 14 to 16 June, the 3rd meeting-- from 18 to 20 September, the 4th meeting— from 12 to 15 December.
 
The meetings will aim to strengthen the independence of the Central bank of Mongolia and to deploy foreign experts in the activity for developing monetary policy of Mongolbank.
 
The Council on monetary policy headed by the President of Mongolbank includes the leaders and independent members of the Central Bank.
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Jack Ma among 5 most powerful Chinese in world: Forbes www.chinadaily.com.cn

 
Alibaba's Jack Ma and four other Chinese entrepreneurs were named among the World's Most Powerful People, alongside successful politicians and business leaders, according to Forbes' annual ranking.
 
Jack Ma, ranking No. 28 on the list, has set a goal of creating 10 million profitable businesses and 100 million jobs in the next 20 years. Ding Xuedong, chairman of China Investment Corporation, the country's largest sovereign wealth fund, is also listed. Ding is responsible for steering an asset pool reportedly worth more than $800 billion. Ma Huateng (No 45), founder of Chinese internet giant Tencent, provides innovative services including mobile texting juggernaut WeChat. Real estate tycoon Wang Jianlin and Baidu CEO Robin Li are also included on the list.
 
The top 10 most powerful CEOs are all from American-run firms with a combined market cap of $3 trillion, according to Forbes. Larry Page, CEO of Google's parent company Alphabet, topped the rankings.
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German firms to pay $24.6 bil. for nuclear waste www3.nhk.or.jp

 
The lower house of parliament in Germany has passed a bill to have the country's major utilities pay about 24.6 billion dollars to deal with nuclear waste.
 
The German government plans to phase out the country's nuclear power plants by 2022. The policy was drawn up following the Fukushima Daiichi nuclear disaster.
 
The lower house on Thursday approved a bill that determines how much of the cost the government and 4 power companies will each assume for handling radioactive waste from nuclear plants.
 
The bill makes the government responsible for intermediate storage and permanent disposal of the nuclear waste.
 
Nuclear plant operators are required to pay 23.6 billion euro, or 24.6 billion dollars, into the fund set up by the government.
 
The upper house is also expected to approve the bill on Friday.
 
In Germany, the government and utilities have been sharply at odds over the cost of radioactive waste disposal.
 
The utilities welcome the legislation. They say they will withdraw lawsuits demanding the government pay compensation for its exit policy from nuclear energy.
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$1 could soon be worth €1 www.cnn.com

 
It's so close, you can almost taste it.
The U.S. dollar has been powering higher since Donald Trump won the presidential election and the euro has been weakening, putting the two currencies on a collision course.
The dollar's 9% move since Election Day means it's now worth €0.96. That's its highest level since 2003.
The trend has led to predictions of parity -- that is, when $1 is worth €1. The last time that happened was 2002.
Adam Slater, the head economist at Oxford Economics, said Thursday that parity could be reached by the end of 2017. Other economists think the key psychological level will be reached even sooner.
Slater said the currency moves are now being driven by divergent monetary policies on either side of the Atlantic Ocean.
The U.S. Federal Reserve is raising interest rates as it sees the American economy improve and expects rising prices. Meanwhile, the European Central Bank has extended its stimulus program and kept interest rates at record lows to support the economy and boost inflation.
Investors are attracted to higher interest rates and stronger economies because they expect a better return on their money, which has pushed up the dollar. Europe is essentially the flip side of the coin.
President-elect Trump is also playing heavily into the currency equation because he's promised to slash taxes and regulations and support infrastructure projects. His policies could create an inflationary environment where the Federal Reserve will have to keep hiking interest rates to keep inflation at bay.
The major shift in these currencies is making European products and travel cheaper for Americans. European exporters, including German auto manufacturers, are expected to benefit.
Germany ships over $125 billion worth of goods to the U.S. annually, making it one of America's biggest trading partners.
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6th Burns Supper in Ulaanbaatar www.mongolianbusinessdatabase.com

Since 2012 Honorary Consul for Mongolia in Scotland in association with the Mongolian British Chamber of Commerce have hosted an annual Burns Supper in Mongolia’s capital, Ulaanbaatar. As well as celebrating the life of Robert Burns, Scotland’s National Bard, we reflect on the growing ties between Scotland and Mongolia. In past years we have seen performances from the band of the Mongolian Armed Forces, the Ulaaanbaatar Scottish dance group and renowned Scottish bagpiper Alisdair McCallum.

The 6th Ulaanbaatar Burns Supper will take place on 28th January 2017.
Tickets are now on sale for this event at http://www.mongolianconsul.com/ulan-bator-burns-supper/

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Ulyukayev Arrest Scuppered Japanese Bid for Shares in Russia’s Rosneft www.themoscowtimes.com

 
The arrest of Russian Economy Minister Alexei Ulyukayev may have killed off a privatization deal being brokered between Japanese investors and Russian oil giant Rosneft, the Dozhd television network reported Thursday.
 
Japan's state-owned Oil, Gas and Metals National Corporation (JOGMEC) had earlier expressed interest in buying the Kremlin's 19.5 percent share in Rosneft, an unnamed source told the outlet.
 
Japanese negotiators were reportedly reassured that Ulyukayev was “absolutely trustworthy” prior to his Nov. 14 arrest on charges of corruption.
 
The arrest reportedly shook Japanese officials, who Dozhd's source described as having been “extremely cautious.”
 
The Russian side also had doubts about the Japanese deal, Dozhd reported. Rosneft feared the deal would not be settled before the Kremlin's Dec. 5 deadline.
 
Rosneft had reportedly faced considerable state pressure to sell the shares before the end of the year and provide a much-needed boost to Russian state coffers.
 
The Kremlin's 19.5 percent stake in Rosneft was bought by British-Swiss commodities trading firm Glencore and the Qatari Sovereign Wealth Fund for 10.2 billion euros ($11.3 billion).
 
Rosneft's shares skyrocketed by 5.1 percent to reach 364.5 rubles ($5.75) per share when news of the deal broke on Dec. 8.
 
Neither JOGMEC's Moscow office’s nor the Japanese Ministry of Economy, Trade and Industry responded to requests for comment.
 
Rosneft press secretary Mikhail Leontiev told Dozhd that negotiations had been carried out between several companies, but did not comment on a potential deal with JOGMEC.
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Facebook finally gets serious about fighting fake news www.aljazeera.com

 
Facebook is taking new measures to curb the spread of fake news on its huge and influential social network, focusing on the "worst of the worst" offenders.
 
The online behemoth is partnering with outside fact-checkers to sort honest news reports from made-up stories that play to people's passions and preconceived notions.
 
Fake news stories touch on a broad range of subjects, from unproven cancer cures to celebrity hoaxes and backyard Bigfoot sightings. But fake political stories have drawn attention because of the possibility they influenced public perceptions and could have swayed the US presidential election.
 
There have been other dangerous real-world consequences.
 
A fake story about a child sex ring at a Washington DC, pizza joint prompted a man to fire an assault rifle inside the restaurant, Comet Ping Pong.
 
"We do believe that we have an obligation to combat the spread of fake news," said John Hegeman, vice president of product management on news feed, in an interview.
 
But he added Facebook also takes its role to provide people an open platform seriously, and it is not the company's place to decide what is true or false.
 
To start, Facebook is making it easier for users to report fake news when they see it, which they can now do in two steps. If enough people report a story as fake, Facebook will pass it to third-party fact-checking organisations that are part of the nonprofit Poynter Institute's International Fact-Checking Network.
 
The five fact-checking organisations Facebook is currently working with are ABC News, The Associated Press, FactCheck.org, Politifact and Snopes. Facebook says this group is likely to expand.
 
Stories that flunk the fact check won't be removed from Facebook. But they'll be publicly flagged as "disputed", which will force them to appear lower down in people's news feed. Users can click on a link to learn why that is. And if people decide they want to share the story with friends anyway, they can - but they'll get another warning.
By partnering with respected outside organisations and flagging, rather than removing, fake stories, Facebook is sidestepping some of the biggest concerns experts had raised about it exercising its considerable power in this area.
 
For instance, some worried Facebook might act as a censor - and not a skillful one, either, being an engineer-led company with little experience making complex media ethics decisions.
 
"They definitely don't have the expertise," said Robyn Caplan, researcher at Data & Society, a nonprofit research institute funded in part by Microsoft and the National Science Foundation.
 
In an interview before Facebook's announcement, she urged the company to "engage media professionals and organisations that are working on these issues".
 
Facebook CEO Mark Zuckerberg has said fake news constitutes less than one percent of what's on Facebook , but critics say that's wildly misleading. For a site with nearly two billion users tapping out posts by the millisecond, even one percent is a huge number, especially since the total includes everything that's posted on Facebook - photos, videos, and daily updates in addition to news articles.
 
In a study released on Thursday, the Pew Research Center found nearly one-quarter of Americans say they have shared a made-up news story, either knowingly or unknowingly. Forty-five percent said the government, politicians, and elected officials bear responsibility for preventing made-up stories from gaining attention.
 
Forty-two percent put this responsibility on social networking sites and search engines, and a similar percentage on the public itself.
 
Fake news stories can be quicker to go viral than news stories from traditional sources. That's because they were created for sharing - they are clickable, often inflammatory, and pander to emotional responses.
 
Mike Caufield, director of blended and networked learning at Washington State University Vancouver, tracked whether real or fake news is more likely to be shared on Facebook.
 
He compared a made-up story from a fake outlet with articles in local newspapers. The fake story, headlined "FBI Agent Suspected In Hillary Leaks Found Dead In Apparent Murder-Suicide" from the nonexistent Denver Guardian, was shared 1,000 times more than material from the real newspapers.
 
"To put this in perspective, if you combined the top stories from the Boston Globe, Washington Post, Chicago Tribune, and LA Times, they still had only 5 percent the viewership of an article from a fake news," he wrote in a blog post.
 
Facebook is emphasising it's only going after the most egregious fake news creators and sites, "the clear hoaxes spread by spammers for their own gain", wrote Adam Mosseri , vice president of product for Facebook's news feed, in a blog post Thursday.
 
Depriving scammers of money could be effective.
 
"Google and Facebook are the single two biggest engines for monetization," said Susan Bidel, a senior analyst at Forrester Research focusing on digital publishers. "I don't think you are ever going to completely eradicate it. But it could get down to a manageable level."
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Australian court increases fine over 'misleading' Nurofen www.bbc.com

The UK manufacturer of Nurofen has been hit with an increased fine of A$6m (£3.6m; $4.4m) for misleading customers in Australia.
Australia's Federal Court ruled last year that products marketed as targeting specific pains, such as migraines, were actually identical.
Reckitt Benckiser was fined A$1.7m in April, but Australia's consumer watchdog argued the sum was too low.
The court on Friday agreed to increase the penalty.
"The objective of any penalty in this case must be to ensure that Reckitt Benckiser and other 'would-be wrongdoers' think twice and decide not to act against the strong public interest," the court's justices said in a joint statement.
The pharmaceutical giant was also ordered to pay the Australian Competition and Consumer Commission's (ACCC) legal costs.
The ACCC said the company had profited substantially from misleading customers on products including Nurofen Back Pain, Nurofen Period Pain, Nurofen Migraine Pain and Nurofen Tension Headache.
"This is the highest corporate penalty awarded for misleading conduct under the Australian Consumer Law," ACCC Chairman Rod Sims said.

"The ACCC welcomes this decision, having originally submitted that a penalty of $6 million or higher was appropriate given the longstanding and widespread nature of the conduct, and the substantial sales and profit that was made."
In a statement to the BBC, Nurofen said it acknowledged the court's decision but would seek legal advice.
"Nurofen is disappointed by this decision, as it considers that the original penalty of the Federal Court in April was appropriate in all of the circumstances," the statement read.
The court in April ruled that Reckitt Benckiser had contravened Australian consumer law by saying its Nurofen Specific Pain products were each formulated to treat a specific type of pain.
Each product contained the same active ingredient, ibuprofen lysine 342mg.
The company said: "Nurofen did not intend to mislead consumers, however we recognise that we could have done more to assist our consumers in navigating the Nurofen Specific Pain Range."
Earlier this year, Reckitt Benckiser removed a TV advert for one of its products - Nurofen Express. The advert had implied that the capsules directly targeted muscles in the head.
The company has said it will not re-broadcast it, following complaints that the ad was misleading.

 
 
 
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Housing Price Index for old apartments drops by 7.8 percent www.mongolia.gogo.mn

 
Following is the public report on results of the “Housing Price Index” (HPI) research conducted independently by Tenkhleg Zuuch LLC at the request of Mongol Bank for November 2016.
The research shows that the general index of housing price was at 0.8 percent in November 2016. It shows a decline by 0.3 percent compared to the previous month. The general index dropped by 4.4% compared to the starting period, and by 5.5 % compared to the same month in previous year. Below are the Price index indicators classified by new and old houses.
The new house price index was at 15.7 percent. There is no change compared to the previous month. The index dropped by 2.8% compared to an earlier period of this year, and by 3.3% compared to the same month in previous year.
The old house price index was at 8.1 percent. This shows a decline by 0.8 percent compared to the previous month. The index dropped by 6.7% compared to the earlier period of this year, and by 7.8 % compared to the same month in previous year.
HPI was calculated by applying Hedonic regression methods and the calculation was based on the information available for 4938 old and new houses supplied for sale at the real estate market of Ulaanbaatar for the particular month, reports the Bank of Mongolia.
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