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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30th Anniversary of Mongolia and US Diplomatic relations www.mongolianbusinessdatabase.com

 Mongolia and US will mark the 30th Anniversary of establishment of the diplomatic relations in between our countries in 2017. In this regard, the Ministry of Foreign Affairs of Mongolia is making a comprehensive commemoration plan, which includes the business presences on the related activities. Please contact us for an additional information.

MBD Admin
Galaxy Tower 1003
Tel: 77109911,98994787,99066062

 

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Premier League agrees major deal for Chinese TV rights www.bbc.com

The Premier League has agreed a major new deal for its TV rights in China, which could be worth up to $700m (£560m).
The three-year contract with Chinese video streaming service PPTV is set to be the league's biggest-ever overseas broadcast sale.
A PPTV source told the BBC a deal was in place.
If the reported value is confirmed, it would be worth ten times more than the league's current China TV deal.
The Premier League is yet to comment.
Superpower ambitions
PPTV is owned by Chinese retailer Suning, which is already invested in European football after it bought a controlling stake in Italian club Inter Milan in June.
China's President Xi Jinping has led a drive for businesses to invest more in football in a bid to turn the country into a footballing superpower.
He has set a target for the nation to be the world's biggest sports economy by 2025.

Manchester City, West Bromwich Albion and Aston Villa are among the English clubs to have received investment from China over the last year.
Audiences for Premier League football are also growing strongly in China, with English clubs seeing the world's second largest economy as a major growth market.
The nation's own Super League is also helping to fuel the boom, as it attracts well-known players and managers from the European leagues.
The Associated Press news agency reported that the TV deal would be worth $700m, working out at $233m-a-year starting in the 2019-2020 season. Other reports have suggested the deal is worth $600m.

The Premier League's largest overseas TV rights deal is currently with US broadcaster NBC, which paid $1bn for six seasons, or $167m per campaign.
But the main source of the league's income still comes from the UK.
British broadcasters Sky and BT last year agreed to pay a record £5.14bn for three seasons, starting with the current 2016-2017 campaign.
Analysis by Robin Brant, BBC News, Shanghai
If Manchester United and other top English Premier League clubs are willing to parade their players in a series of exhibition games across China as soon as the domestic season is finished, then you can see how important this market is.
EPL (as it's known here) is big. The fact that even David Beckham's son is the centrepiece of an advert for a smartphone in China shows you the strength of its appeal.
Basketball is long established in China. The NBA has a huge following. Rugby Union, Cricket and the NFL all have ambitions here.
But China's association with English football is deepening.
Chinese investors have acquired what seems like most of the West Midlands clubs in a show of status and financial might, but also for some a genuine attempt to build new brands that could appeal beyond their domestic base.
This broadcast deal, unsurprisingly, reveals how important web-based distribution is here for certain types of entertainment.
But what you might call 'revenue issues' remain.
There are plenty of illegal ways to watch EPL games in China and I'm pretty sure that the England away kit I saw listed on a very well-known Chinese internet retailer - for the equivalent of £7.50 - wasn't the real deal.

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Malaysia Airlines turnaround challenge 'unprecedented' www.bbc.com

Turning around Malaysia Airlines after the double tragedies of MH370 and MH17 is an "unprecedented" challenge, the firm's recently appointed chief executive has told the BBC.
Peter Bellew said the carrier was now marketing more aggressively as it tries to win back confidence in the brand.
He accepted some passengers would choose to not fly with the company.
But Mr Mallew predicted the loss-making airline would be in profit again by 2018.
And he said that a true test of its recovery would be a return to the stock market, possibly by 2019.
'Deeply personal'
Flight MH370, flying from Kuala Lumpur to Beijing, had 239 people on board when it vanished in March 2014. The Boeing 777 is presumed to have crashed into the southern Indian Ocean after veering off course.
Then in June, all 298 passengers and crew on MH17 died when the Boeing 777-200, en route from Amsterdam to Kuala Lumpar, crashed in eastern Ukraine after being shot down as it passed over the war-torn country.
Many had not expected Malaysia Airlines to stay in business after the disasters, and passengers deserted them in droves.
"For ourselves and the staff here its obviously deeply personal so day-to-day it never leaves," Mr Mallew said in an interview with the BBC World Service.

"But to be able to survive two immense tragedies like that, that takes some backbone, that's not normally something you'd have to deal with.
"Certainly in aviation its unprecedented what we're having to do here. I can't think of a business in my lifetime... that's come back from the depths of the difficulties."
Aggressive approach
Mr Bellew joined the airline in late June 2016, when Christoph Mueller left suddenly.
And he said a top priority was to try and win back passengers and sell more tickets.
"I think there's certain people who may never travel with us again, but the bulk of people would consider it now," he said.
"We were quite quiet on the sales and marketing front and generally on the commercial side we were shy and hiding. So the last four months we've come out very aggressively."
He said that the airline needed to focus on the rise of travel among Chinese people, and that it would move quickly to profit from that "megatrend".
But he conceded that Asia was a crowded market place and his airline had its work cut out, especially within Malaysia.
"The bit that we're struggling with is amazingly low fares in the domestic market which for consumers is super but it makes it very difficult for airlines."
The former executive at Irish budget carrier Ryanair said another priority was focussing on a return to profit, including "the very boring discipline" of controlling costs.
"We're being quite aggressive with suppliers, sometimes quite rude and ignorant maybe in the way we are approaching negotiations now which isn't always the Asian way."
Analysis by Rob Young, BBC Business Presenter in Kuala Lumpur
Malaysians seem to have a deep affection for Malaysia Airlines.
But emotion only goes so far. There are many low cost carriers putting pressure on air fares, not least the nimble Air Asia, also based in Kuala Lumpur.
That's great news for the flying public, not so great for a once-bloated loss-making airline.
Much of the fat at Malaysia has been trimmed and Peter Bellew hopes the financial know-how he brings from the European no-frills airline Ryanair, will make that happen.
His arrival seems to have brought a new financial lease of life. But for many potential passengers it will always be associated with the two tragedies of 2014.

 
 
 
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Tesla Seals $2 Billion SolarCity Deal www.bloomberg.com

Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. More than 85 percent of Tesla shares voted in favor of the merger.
The deal, which sparked controversy over debt and corporate-governance concerns, is a win for Musk’s vision of Tesla as one-stop shopping for consumers eager to become independent of fossil fuels. Now comes the task of integrating two companies that have a track record of fleeting profits and frequent fundraising needs--not to mention thousands of employees.
“We’re trying to make an integrated product,” Musk said during a meeting with Tesla shareholders in Fremont, California, Thursday. “So you have an integrated solar roof with a Powerwall and an electric car, and you just go into a Tesla store, just say yes, it just happens. It all works, it’s seamless and you love it.”
Tesla plans to leverage its formidable brand and retail network with SolarCity’s network of rooftop solar installers and recently announced a “Solar Roof” product. It’s not clear what role Lyndon Rive, SolarCity’s chief executive officer and Musk’s cousin, will play in the combined company.
“With an 85 percent vote, you’re seeing long term shareholders say we’re voting for Elon,” said Ben Kallo, an analyst with Robert W. Baird. “They’re saying ’We’re not here for the next quarter, we’re here for three or five years.’”
It wasn’t clear when the merger will officially close. SolarCity is expected to cease being a stand-alone brand, as Tesla markets its Powerwall battery for the home as a Tesla Energy Product.
“Moving forward I think SolarCity becomes a part of Tesla Energy, but I don’t think that happens overnight,” said Kallo.
During the course of his five-month campaign for the merger, Musk revealed the solar roof product on the “Desperate Housewives” set at Universal Studios in Los Angeles last month. Musk said Thursday the product will be equivalent in cost, or slightly cheaper, than a normal roof and that installations will begin in volume in mid-2017.
Biggest Shareholder
Musk owns 21 percent of Tesla and 22 percent of SolarCity, making him the largest shareholder of both companies. He and Antonio Gracias, who also serves as director at both companies, recused themselves from a board vote on the takeover July 30.
Tesla rose 2.6 percent to $188.66 at the close Thursday, while SolarCity gained 2.9 percent to $20.40. At those prices, the all-stock deal values the solar company at $20.75 a share, a 1.7 percent premium over Thursday’s closing price. The premium was about 35 percent when first announced in late June.
Tesla has lost roughly $4.8 billion in market capitalization since the initial offer, while SolarCity’s value declined by about $86 million.
The quarterly profit Tesla reported last month was the first for the Palo Alto, California-based company in eight quarters. SolarCity has recorded losses in six of the last eight quarters. The two companies have conducted five separate equity offerings since the San Mateo, California-based solar company first sold shares to the public in December 2012.
The deal drew mixed recommendations by proxy advisory firms, with Institutional Shareholder Services giving its blessing and Glass Lewis & Co. rejecting it as a “thinly veiled bailout plan.” ISS said Tesla would be able to bridge cash-burning SolarCity’s funding gap and called the deal a “necessary step” in the electric-car maker’s push to become an integrated sustainable energy company. "Tesla will def absorb SolarCity’s debt," said Musk in a tweet earlier this month. “Although extremely unlikely, I would pay it personally if need be. Debts must be honored.”
New President
The combined company must contend with President-elect Donald Trump, whose views on energy are a sharp departure from President Barack Obama. The real-estate mogul has vowed to roll back environmental regulations and tapped Myron Ebell, a climate-change skeptic, to head his Environmental Protection Agency transition team.
The CtW Investment Group, which works with pension funds, called on Tesla to implement corporate governance reforms, urging the company to add more independent directors to its seven-member board.
“Given the risks the company faces with increased competition, a changing political environment and its expanding product line, Tesla desperately needs to upgrade its governance structure to a standard more befitting of a public company of its size,” said CtW director Dieter Waizenegger in a statement.
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China's overseas direct investment surges 53.3% in first ten months www.chinadaily.com

BEIJING - China's outbound direct investment (ODI) is surging despite weak global growth as Chinese companies continue to internationalize their business.
Non-financial ODI increased 53.3 percent year on year to reach $145.96 billion in the January-October period, easily surpassing the total for 2015 of about $121.4 billion, according to the Ministry of Commerce on Thursday.

In October, ODI grew 48.4 percent year on year to reach $11.74 billion.

China's overseas investment reached 162 countries and regions, most of which has gone to Hong Kong, ASEAN, the European Union, Australia, the United States, Russia and Japan in the first ten months, with the United States posting the strongest year-on-year growth at 173.9 percent.

ODI continued to exceed foreign direct investment (FDI) into the Chinese mainland, which rose 4.2 percent year on year to reach about $98 billion in the same period. China's ODI exceeded FDI for the first time ever in 2015, becoming a net capital exporter.

In addition to growing investment volume, the pattern of China's ODI is changing rapidly as the consumer and services sectors gather momentum.

China's overseas investment started with raw materials, moved on to infrastructure and manufacturing, and is now starting to focus on big-name consumer brands and high-tech companies, according to a research note from HSBC.

Official data showed that in the first ten months, most of the investment flowed to commercial services, manufacturing and retail, with equipment manufacturing almost quadrupling last year's investment.

Once dominated by large state-owned enterprises in search of iron ore and copper, China's ODI now includes private sector giants buying US film studios and European fashion houses, along with state-backed companies snapping up new tech firms, the HSBC note pointed out.

The HNA Group is a good example of the trends. The private conglomerate from south China's Hainan province extended its push into the leisure sector with a high-profile deal to buy a 25-percent stake in Hilton in October.

In the past two years, the company has spent about $23.8 billion in cross-border acquisitions, including hotels and commercial real estate, in order to extend its value chain and strengthen its aviation core business, according to the note.

Official data showed that Chinese companies continued to work closely with countries along the Belt and Road Initiative. They signed construction contracts worth over $84 billion during the period, up 30.7 percent year on year.

However, HSBC noted that investment in the Belt and Road countries has been moderating in recent months due to global uncertainties and a high comparison base in 2015.

With the global economy showing signs of recovery, more projects are reaching the implementation stage, cross-border connections are becoming more sophisticated, and financing support is gradually strengthening, HSBC said in the note, adding it expects China's investment in the Belt and Road region to grow at a stable pace in the next couple of years.

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JBIC to conclude loan agreement with Russian bank www3.nhk.or.jp

NHK has learned that a Japanese government-affiliated bank is preparing to play a role in forging closer economic ties between Japan and Russia. The Japan Bank for International Cooperation, or JBIC, is expected to conclude a loan agreement with Russia's largest bank.

The move comes as the 2 countries discuss economic cooperation ahead of a bilateral summit in Japan next month.

Sources have told NHK that JBIC is in final negotiations with Sberbank. They say it plans to set up a yen-denominated credit line of 30 billion yen, or about 270 million in dollars.

The goal is to make funds available to Russian businesses so they can buy infrastructure-related equipment from Japanese firms.

Commercial Japanese banks are cautious about lending to Sberbank. It's a target of Ukraine-related sanctions by the US and Europe. But the sources say the yen-denominated loans directly from Japan are not covered by the sanctions.

The credit line is intended to meet an increased level of demand for funding, stemming from closer bilateral cooperation.

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The BoM sold USD 32.0 million www.mongolia.gogo.mn

Bank of Mongolia (BoM) hold foreign exchange auction on Nov 17.
Commercial banks bid MNT 2370.00-2444.15 for USD 47.8 million, asked MNT 2448.00 for USD 1.0 million and bid MNT 343.50-354.51 for CNY 70.0 million respectively.
The BoM sold USD 32.0 million with a closing rate of MNT 2425.00
BoM decided to participate in foreign exchange market continuously and supplied total of USD 92.4 million and CNY 129.5 million to the market during the last two auctions.
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JBIC to conclude loan agreement with Russian bank www3.nhk.or.jp

NHK has learned that a Japanese government-affiliated bank is preparing to play a role in forging closer economic ties between Japan and Russia. The Japan Bank for International Cooperation, or JBIC, is expected to conclude a loan agreement with Russia's largest bank.
 
The move comes as the 2 countries discuss economic cooperation ahead of a bilateral summit in Japan next month.
 
Sources have told NHK that JBIC is in final negotiations with Sberbank. They say it plans to set up a yen-denominated credit line of 30 billion yen, or about 270 million in dollars.
 
The goal is to make funds available to Russian businesses so they can buy infrastructure-related equipment from Japanese firms.
 
Commercial Japanese banks are cautious about lending to Sberbank. It's a target of Ukraine-related sanctions by the US and Europe. But the sources say the yen-denominated loans directly from Japan are not covered by the sanctions.
 
The credit line is intended to meet an increased level of demand for funding, stemming from closer bilateral cooperation.
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Nikkei rises above 18,000 mark www3.nhk.or.jp

On the Tokyo Stock Exchange, the benchmark Nikkei Average ended above 18,000 in Friday's morning session. It exceeded the level for the first time since January.
 
The weaker yen is boosting buy orders for shares of export-related firms. The Japanese currency is trading above 110 yen to the dollar for the first time in about 5-and-a-half months.
 
The yen weakened further after the chair of the US Federal Reserve, Janet Yellen, indicated that the key interest rate could be raised at a policy meeting in December.
 
Analysts say that investors want to know what Japan's Prime Minister Shinzo Abe and US President-elect Donald Trump talked about in their first meeting on Thursday.
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JP Morgan Chase to pay $264m over Chinese 'princelings' bribery scheme www.theguardian.com

JP Morgan Chase agreed to pay $264m on Wednesday to settle charges that it employed well-connected Chinese “princelings” in order to win business in the Asia-Pacific region.
 
The settlement with US regulators comes after a three-year investigation into a vast foreign bribery scheme that violated the Foreign Corrupt Practices Act (FCPA). It could be the first of several such deals with Wall Street banks.
 
“JP Morgan engaged in a systematic bribery scheme by hiring children of government officials and other favoured referrals who were typically unqualified for the positions on their own merit,” said Andrew Ceresney, director of the Securities and Exchange Commission’s (SEC) enforcement division.
 
“JP Morgan employees knew the firm was potentially violating the FCPA yet persisted with the improper hiring program because the business rewards and new deals were deemed too lucrative.”
 
The Department of Justice called the scheme “bribery by any other name” and said it had recently created three dedicated international corruption squads “to combat this type of quid pro quo, and we’ll use all resources at our disposal to uncover and put an end to these crimes”.
 
Starting in 2006 senior Hong Kong-based JP Morgan bankers set up and used a “client referral programme”, also referred to as the “sons and daughters programme”, to hire candidates referred by clients and government officials.
 
The bank admitted that some candidates hired under the scheme did little more than proof reading but were paid the same amount as entry-level investment bankers. In one case bankers in New York told their Hong Kong peers that one Chinese hire was unqualified to be an investment banker. But a senior Chinese official had said that his hiring would help JP Morgan secure a lucrative role in an upcoming initial public offering (IPO) of a state-owned company. A position was created for the candidate in New York, and JP Morgan thereafter obtained a leading role in the IPO.
 
The DoJ calculates the scheme increased profits at JP Morgan by at least $35m.
 
“US businesses cannot lawfully seek to gain a business advantage by corruptly influencing foreign government officials,” said US attorney Robert Capers of the eastern district of New York.
 
“The common refrain that this is simply how business is done overseas is no defence. In this case, JP Morgan employees designed a programme to hire otherwise unqualified candidates for prestigious investment banking jobs solely because these candidates were referred to the bank by officials in positions to award business to the bank. In certain instances, referred candidates were hired with the understanding that the hiring was linked to the award of specific business. This is no longer business as usual; it is corruption.”
 
Kara Brockmeyer, chief of the SEC enforcement division’s FCPA unit, said: “The misconduct was so blatant that JP Morgan investment bankers created ‘referral hires vs revenue’ spreadsheets to track the money flow from clients whose referrals were rewarded with jobs. The firm’s internal controls were so weak that not a single referral hire request was denied.”
 
A JPMorgan spokesman said in an email: “The conduct was unacceptable.” The hiring program was halted in 2013 and the bank took actions against those responsible, the spokesman said.
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