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

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China's Alibaba launches data center in Dubai www.xinhuanet.com

DUBAI, Nov. 21 (Xinhua) -- Alibaba Cloud, a cloud computing arm of China's Alibaba Group, said here on Monday that it launched a data center in Dubai.

Operated by YVOLV, a joint venture between Alibaba Cloud and United Arab Emirates (UAE) company Meraas Holdings, the data center will be the first "full-fledged public cloud" in the Middle East, said Alibaba Cloud and Meraas in a joint press conference.

It will serve the "increasing demand" for mission-critical, affordable and secure cloud computing in the region, they said.

Simon Hu, president of Alibaba Cloud, said that with the data center, global cloud network will be able to meet demands from enterprises which are going global.

Fahed Al-Hajeri, chief executive officer of YVOLV, confirmed that the cloud provider's achievements in its home market China "can be replicated in the region."

The project, he added, is in line with Dubai's smart city initiative and the Gulf state's strategic master plan "UAE vision 2021." The latter aims to transform the UAE, a major oil supplier, to the world's most competitive country.

Dubai, as one of the seven sheikhdoms forming the UAE, is considered its business and trade hub.

IT spending in the Middle East is expected to reach 212.9 billion U.S. dollars, which would represent a 3.7 percent year on year increase, Gartner, a U.S. IT research and consultancy firm said.

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Japan to form $900m investment fund with Russia www.dealstreetasia.com

Japanese and Russian state-backed lenders will create a fund to jointly invest in Moscow’s “priority development projects”, as the two countries look to promote business and diplomatic ties, the Nikkei reported. The Japan Bank for International Cooperation and the Russian Direct Investment Fund will form an about 100 billion yen ($901 million) fund, and each will contribute roughly half of the total amount to launch the development projects in 2017, the report said. The fund will invest in projects in fields of medicine, urban development and involve upgrades to manufacturing facilities, the Japanese daily reported. JBIC will form a venture with Russia’s Far East Investment and Export Agency and the Far East and Baikal Region Development Fund to encourage investment in a special economic zone, the report said. JBIC will also extend a new line of credit worth around 30 billion yen to Russia’s largest bank, Sberbank, subject to Western sanctions, the Nikkei reported. Progress on the economic side hinges on making headway on disputed islands off Hokkaido, Reuters reported earlier this month. “The territorial issue and economic cooperation are two sides of a coin,” a Japanese government official had told Reuters. “It’s meaningless if only economic cooperation moves ahead.”
 
 
 
 
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IBM invests in UK data centers as tech sector defies Brexit worries www.reuters.com

Global IT group IBM (IBM.N) will triple the number of its cloud data centers in Britain, it said on Tuesday, joining Facebook and Google in investing in the UK after its vote to leave the European Union.
 
IBM said it would build four new data centers to meet demand from its corporate and public sector clients who were increasingly storing data and managing their businesses in the cloud.
 
IBM Europe's general manger for cloud services, Sebastian Krause, said the investment reflected the strength of the UK economy and the size of the opportunity in cloud computing.
 
"UK customers truly understand the capabilities of cloud to drive innovation, to be more flexible on their business model, to have better insight for decision making, and to deliver better customer service," he said in an interview.
 
IBM had evaluated its cloud capacity in Britain before the June "Brexit" vote, he said, but it saw no reason to change course as a result of the decision.
 
"Everyone has concluded the UK economy will continue to be very strong and there will be significant opportunities with or without Brexit," he said.
 
Tech bosses have been balancing Britain's enthusiasm for technology and a deep pool of talent, fueled by world class universities, against the uncertainty of the country's future relationship with the European Union, and in particular the ability to attract workers from across the trading bloc.
 
Companies including Google (GOOGL.O) and Facebook (FB.O) have decided the advantages outweigh the risks, but they've emphasized the importance of being able to attract the best people.
 
IBM said its footprint in Britain would increase from two data centers to six, serving customers such as travel group Thomson, which is owned by TUI, retailers Boots and Dixons Carphone, and National Grid, as well as the government. It did not disclose the size of the investment.
 
Brexit also creates uncertainty about Britain's future compliance with European data protection rules, which have recently been overhauled.
 
Krause, however, said IBM was "well-equipped" for any post-Brexit scenario, and it had 10 data centers in continental Europe that it could also use if Britain did not adhere to any European standards in the future.
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Apple Abandons Development of Wireless Routers www.bloomberg.com

Apple Inc. has disbanded its division that develops wireless routers, another move to try to sharpen the company’s focus on consumer products that generate the bulk of its revenue, according to people familiar with the matter.
 
Apple began shutting down the wireless router team over the past year, dispersing engineers to other product development groups, including the one handling the Apple TV, said the people, who asked not to be named because the decision hasn’t been publicly announced.
 
Apple hasn’t refreshed its routers since 2013 following years of frequent updates to match new standards from the wireless industry. The decision to disband the team indicates the company isn’t currently pushing forward with new versions of its routers. An Apple spokeswoman declined to comment on the company’s plans.
 
Routers are access points that connect laptops, iPhones and other devices to the web without a cable. Apple currently sells three wireless routers, the AirPort Express, AirPort Extreme, and AirPort Time capsule. The Time capsule doubles as a backup storage hard drive for Mac computers.
 
The products, which cost $99, $199, and $299, respectively, make up a small slice of Apple’s revenue and are part of Apple’s “other products” category on its financial statements. The category, which includes the Apple Watch and Apple TV, generated $11.1 billion in fiscal 2016, or about 5 percent of total sales.
 
Apple shares rose 0.9 percent to $111.07 at 11:03 a.m. in New York Monday. They gained 4.6 percent this year through Friday.
 
Exiting the router business could make Apple’s product ecosystem less sticky. Some features of the AirPort routers, including wireless music playback, require an Apple device like an iPhone or Mac computer. If the company no longer sells wireless routers, some may have a reason to use other phones and PCs.
 
The core of the technology in routers comes from chipmakers such as Broadcom Ltd. that advance Wi-Fi technology through developing the fundamental components. While router makers can differentiate the design of their products, the number of antennas and the software that controls them, they reliant on advances first made by chipmakers to be able to offer new, higher-performing models.
 
Apple’s AirPorts have historically lagged behind those of companies such as D-Link Corp., Netgear Inc. and Belkin International Inc., which have rushed to adopt new standards. Apple, which has charged more for its routers, has focused more on integrating control of its devices into its computer operating system and industrial design. The company’s decision to leave the business may be a boon for other wireless router makers.
Earlier this year, Apple stopped making its own external monitors and in October introduced a new strategy by selling new high-resolution screens for professional users with LG Electronics Inc.
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Selfie app Meitu gauges interest in $750m IPO www.chinadaily.com

Chinese mainland mobile developer Meitu Inc said it started testing demand for a proposed Hong Kong initial public offering worth about $750 million, which could be the city's biggest technology listing in nearly a decade.
 
The Xiamen-based company, which makes apps used to touch up selfie photos, will gauge interest from potential investors from Monday through Dec 2, according to terms for the offering obtained by Bloomberg. Meitu plans to use about 35 percent of the IPO proceeds to expand its smart hardware business, while around 25 percent will go toward strategic investments and acquisitions.
 
Meitu hasn't set a target listing date or decided when it will begin taking orders for the share sale, the terms show.
 
The stock offering from Meitu could become a test case for mainland technology companies seeking to list in Hong Kong. A government crackdown on backdoor listings has made it tougher for businesses to raise money in the Chinese mainland, while some entrepreneurs believe US exchanges don't offer high enough valuations for their businesses.
 
At $750 million, the Meitu listing would be the biggest Hong Kong first-time share sale by a technology company since Alibaba.com Ltd's $1.7 billion offering in 2007, data compiled by Bloomberg show. Meitu plans to gauge demand this week from investors in Hong Kong, London, New York and Boston and will conduct calls with Singapore money managers, according to Monday's terms.
 
The company will meet select Asian investors next week, before starting a formal management roadshow at a later date. It plans to earmark about 15 percent of the IPO proceeds for sales and marketing, the terms show. Meitu will also use some of the money to expand its internet service and fund research and development.
 
Morgan Stanley, Credit Suisse Group AG and China Merchants Securities Co are joint sponsors of the offering.
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Canada to fully phase out coal power by 2030 www.mining.com

Canada’s Liberal government has taken a page from the Obama Administration’s books as it plans to completely phase out traditional coal power by 2030, Environment Minister Catherine McKenna announced Monday.
 
Ottawa also said it would work with the country’s four provinces that still burn coal for electricity — Alberta, Saskatchewan, Nova Scotia and New Brunswick — to reduce coal power-related greenhouse gas emissions coming from them, which are equivalent to 10% of Canada’s current totals.
 
The goal is to make sure 90% of the country's electricity comes from sustainable sources by that time — up from the current 80%, McKenna said.
 
The new regulation will accelerate the existing timetable – laid down by Canada’s Conservative government in 2012 – for the four provinces that still burn coal to either adopt technology to capture carbon emissions or shut down all coal plants and replace them with lower-emitting sources, such as Alberta is doing.
 
The move is expected to reduce greenhouse gas emissions by more than 5 megatonnes by 2030, which is the equivalent of taking 1.3 million cars off the road. This is in addition to the 10 megatonnes that Alberta's early phase-out of coal represents.
 
The plan includes a deal with Nova Scotia to give that province the flexibility it needs to shift directly from fossil fuels to cleaner sources of electricity, rather than switching to natural gas in the interim. McKenna noted her ministry is working on a similar agreement with Saskatchewan.
 
The minister also said the move is consistent with other countries' policies, such as France, the UK, Netherlands, Denmark and Austria, which have all accelerated their coal phase-out plans.
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MBD cooperates with Innocon Valley www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) and Finland based InnoCon Valley agreed to cooperate on Mongolian SME and Start-Up business development and their evolution.

According to the cooperation agreement, the parties will implement to business programmes in Helsinki Finland and Scandinavian countries, Germany, Israel and Ulaanbaatar Mongolia.

InnoCon Valley is the company which specialised market research, analyses, risk management, business model and market penetration. It has a branches in Israel, Germany and France.

MBD will also host a Mongolian Business missions to Sydney Australia with Mongolian Honorary-General Counsel in Sydney, Washington DC with North America and Mongolian Business Council, Prague Czech Republic with Czech Embassy in Mongolia and London UK with British Mongolia Chamber of Commerce in 2017.
The detailed information will be circulated in the near future.

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Citi and JPMorgan top list of globally systemic banks www.reuters.com

Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
 
The group of 20 economies (G20) agreed after the 2007-09 financial crisis that top banks, whose size and complexity mean a collapse could wreak havoc in markets, should hold extra capital, according to the level of risk they present.
 
Members of the list of 30 lenders will also have to begin holding bonds from 2019 that can be written down to help replenish capital that is burnt through in a crisis.
 
In the annual update of rankings published on Monday by the G20's Financial Stability Board (FSB), Citi has replaced HSBC in the top "bucket" facing a 2.5 percent capital surcharge on top of global minimum requirements.
 
The measure announced by the FSB does not have an impact on any of Citi's binding regulatory metrics, the bank said in an e-mailed statement.
 
No lender joined or dropped out of the top 30 list this year.
 
Lenders on the list typically already meet or exceed the amount of capital they must hold due to pressure from regulators and markets to dispel any doubts about their resilience.
 
HSBC joins BNP Paribas and Deutsche Bank in the next category down, with a surcharge of 2 percent. Bank of America rose a category to join them.
 
Barclays dropped a category to the 1.5 percent surcharge group. Industrial and Commercial Bank of China and Wells Fargo rose a category to join the UK bank.
 
Morgan Stanley fell a category to the 1 percent surcharge group.
 
The FSB is also due to agree a higher leverage ratio for the 30 lenders.
 
The ratio, a broad measure of capital to non-risk-weighted assets, has been set at a minimum of 3 percent for all other banks across the world.
 
The FSB has yet to decide if the 30 should be subject to the same leverage ratio "surcharge" or whether it too should adopt a "bucket" approach.
 
The watchdog also updated its list of nine globally systemically important insurers, which was unchanged from last year.
 
Insurers still on the list in 2017 will be required to comply with tougher "loss absorbency" requirements from January 2019.
 
The list comprises Aegon, Allianz, AIG, Aviva, Axa, MetLife, Ping An, Prudential Financial, and Prudential.
 
The FSB's latest list makes no mention of reinsurers, a category still being considered for inclusion.
 
Global insurance regulators have said they may take into account the activities of insurers when they decide if they are globally systemic, rather than just focusing on size and global reach.
 
MetLife, the biggest U.S. life insurer, was also designated as systemically important by the Financial Stability Oversight Council, made up of the heads of U.S. financial regulators.
 
The insurer successfully challenged the U.S. designation in court, but the U.S. government has appealed with the outcome generally expected sometime in the next few months.
 
"MetLife is no longer designated as a systemically important financial institution in the United States, and believe we should not be designated as a global systemically important insurer, either," MetLife said on Monday.
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NBCUniversal doubles stake in BuzzFeed with $200 million investment www.reuters.com

Online media company BuzzFeed, best known for its list-based articles and quizzes, said Comcast Corp's (CMCSA.O) NBCUniversal had invested an additional $200 million in the company.
 
NBCU parent Comcast has pumped heavily into digital-native companies such as BuzzFeed and Vox Media, partly in an effort to better service existing advertisers. The new investment, which gives BuzzFeed a valuation of around $1.7 billion, ups NBCU’s stake to $400 million, following an initial $200 million investment last summer. NBCU also invested $200 million into Vox Media.
 
NBCU will take a larger role in selling ads for BuzzFeed with the ability to incorporate BuzzFeed’s inventory into its deals with advertisers; BuzzFeed will also have the same option to sell space on NBCU’s inventory to its advertisers.
 
Additionally, BuzzFeed’s Swarm and NBCU’s Symphony ad products will be offered as one package to advertisers. Both Swarm and Symphony allow advertisers to run campaigns simultaneously across all of their respective properties.
 
In the past year, NBCU and BuzzFeed have collaborated on several projects, most notably with the Rio Olympics, where BuzzFeed produced the content for NBC Olympics’ dedicated Snapchat Discover channel. In February, the two teamed with American Express to replace 30 minutes of national ad spots during primetime on Feb. 29 with sponsored content that was tied to NBC programming. BuzzFeed created content that was distributed on social media as part of that deal.
 
BuzzFeed will also take a bigger role in NBCU’s content studio, which produces advertiser-friendly content that is tailored to specific social media platforms, including creating and distributing the content on social media.
 
BuzzFeed will put more money into its food-themed business, Tasty, and beef up its digital video operations, which is becoming more of an emphasis for the digital media company.
 
In August, BuzzFeed split itself into news and entertainment divisions amid media companies' struggle for balance between covering news and politics, and lighter fare like social media, entertainment and lifestyle.
 
LionTree Advisors was BuzzFeed's financial adviser and Fenwick & West LLP its legal adviser. Davis Polk & Wardwell LLP was NBCUniversal's legal adviser.
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Trump repeats intention to pull out of TPP www3.nhk.or.jp

US President-elect Donald Trump says he will announce his intention to pull out of the Trans-Pacific Partnership free trade agreement on his first day of taking office.

He posted a video message about his top policy priorities for the first 100 days of his presidency on the website of his transition team on Monday.

He said that his agenda is based on a principle of putting America first and stressed creating more jobs at home.

Trump referred to trade as one of his top policy priorities when he is sworn in on January 20. He said the TPP is a potential disaster for the US.

Trump said that instead his team will negotiate fair bilateral deals that bring jobs and industry back to the US.

During his election campaign, Trump repeated his intention to withdraw from the trade pact.

The leaders of the 12 TPP member countries confirmed at a meeting in Peru on Saturday that they will push ahead domestic procedures necessary for the trade pact to take effect.

US President Barack Obama also said he will continue efforts to seek understanding in the US of the importance of the agreement.

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