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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China relaxes coal mining restrictions as supply tightens www.mining.com

China’s top planning body has reversed some of the restrictions imposed in March to local coal miners, as reduced output has dramatically increased prices for the nation’s top energy source.
 
The National Development and Reform Commission (NDRC) is now allowing companies to operate 330 days a year rather than the 276-day maximum previously imposed, Reuters reports.
 
The move comes after October production figures revealed that local coal production dropped 11% from January to October 2016, when compared to the same period last year. On a daily basis, output in October dropped 1.5% from September.
 
It also come on the heels of an International Energy Agency's (IEA) report that estimates China's coal use is likely to have peaked in 2013.
 
Coal generated 84% of all electricity in Asia’s richest economy in 2014, but the IEA's forecasts that figure will drop down to about 54% per cent in 2040.
 
“China could ease the pace of supply cuts, raising the possibility of China becoming a coal exporter in order to get rid of surplus output: this would prolong the slump in the international market,” the report says.
 
Despite the fresh measures, analysts at Wood Mackenzie expect coal prices to remain well above 2016 lows as the Chinese government balances maintaining positive cash flows for a majority of coal producers with margins of the utility sector.
 
The research firm, however, warns there is also a significant likelihood of continued price volatility in the seaborne market as the Chinese government adjusts its policy to achieve desired domestic outcomes.
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Dalai Lama to visit Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ The Gandantegchinlen Monastery – the Buddhist center of Mongolia called a news conference Thursday on a visit by Dalai Lama to Mongolia.

According to S.Davaapurev, head of the public relations service of the Gandantegchinlen Monastery, His Holiness’s visit is a religious mission. As a tradition, before leaving Dalai lama will give a media conference at the Ikh Tenger complex. The main events with participation of His Holiness will take place at the Gandantegchinlen Monastery on November 19. However, this will be exclusively religious ritual, not for mass. For the public, Dalai Lama’s teaching will be available on November 20. A scientific conference among scholars is expected as well. No political activity is planned.

The visit program of His Holiness does not provide for any action related to identification of a new embodiment of Bogdo Khaan X, Mongolian religious leader.

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Tencent's Ma says Wechat "very hard" to expand globally www.xinhuanet.com

WUZHEN, Zhejiang Province, Nov. 17 (Xinhua) -- CEO of Tencent Pony Ma on Thursday explained the difficulty in expanding Wechat overseas.

"It is very hard for Wechat to expand overseas, unless we can offer wholly different customer experience, but social apps are basically all alike," Ma told a forum at the third World Internet Conference in east China's Zhejiang Province. "In markets dominated by WhatsApp or Line, we can't challenge them."

WhatsApp is the world's most popular instant messenger, with close to a billion active users. WeChat lags behind with around 650 million users, mostly in China.

Tencent, possibly China's premier Internet company, rose to prominence with a messaging service called QQ in the late 1990s and came to dominate China's social networking market with WeChat a decade later, just as mobile Internet took off. China has around 700 million Internet users, most of whom use smartphones.

WeChat has gained a foothold in some overseas markets. It has become the messaging app of choice in Malaysia, but elsewhere users are mainly ethnic Chinese.

The spread of WeChat usually begins in the overseas Chinese community and spreads to friends and colleagues, Ma said.

Last year, on a visit to University of Washington where there are 7,000 Chinese among nearly 40,000 students, Ma found many foreigners, not least the university president, using WeChat. Off campus, WeChat is less popular because the Chinese population is low.

Ma remains interested in expanding overseas and expects Tencent to achieve some success in fields other than social networking, like gaming, payments and Internet of Things.

In China, WeChat is much more than a messaging app. People use it as a tool kit to shop both on and offline, buy air and train tickets, hail taxis, read the news, pay bills, book accommodation, and many other services.

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Japan, China to jointly tackle climate change www3.nhk.or.jp

Japan and China have confirmed their continued cooperation in fighting climate change.

Japanese Environment Minister Kouichi Yamamoto met with China's special representative for climate change, Xie Zhenhua, in Morocco on Thursday. The meeting was held on the sidelines of the COP22 UN climate change conference.

US President-elect Donald Trump has suggested that the United States should withdraw from the Paris Agreement on climate change.

Yamamoto told Xie that it's unclear what path the US will take, but Japan wants to continue its efforts to tackle global warming.

Xie replied that China learned about environmental policies from Japan and wants to maintain good relations with it.

Earlier, Yamamoto told NHK that it is important for the COP22 meeting to send a strong message regarding the whole world's commitment to the Paris Agreement. He said this would help those who are skeptical about global warming understand the world trend.

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Janet Yellen: US Fed could raise interest rates 'soon' www.bbc.com

The chair of the US Federal Reserve, Janet Yellen, has indicated that it could raise interest rates "relatively soon".
She said the job market had made further improvements this year and that inflation, while still below the Fed's 2% target, had started to pick up.
Financial markets are expecting the Fed to take action at a meeting next month.
She also defended the independence of central banks after criticism of the Fed by President-elect Donald Trump.
Ms Yellen's comments came in an appearance before a Congressional Committee on Thursday.
It would be only the second rate rise since the bank pushed rates to a record low during the financial crisis.
In December last year, the Fed raised its benchmark rate for the first time in seven years, from near zero to its current level of between 0.25% and 0.5%.
Inflationary pressures
Ms Yellen said that further delaying a rate increase would present its own risks.
BBC economics correspondent Andrew Walker says indications that Mr Trump will cut taxes and spend heavily on infrastructure make it more likely that the Fed will want to raise rates to contain inflationary pressures.
The Fed does not know yet what will happen when the president-elect and a new Congress take office next year, Ms Yellen said.
But she added that the central bank would take into account decisions by the White House and Congress when setting its interest-rate policies.
She also said the US economy was "making very good progress", further strengthening analysts' expectations of a rate rise at the 14 December meeting.
"As a result of the testimony, we raised our subjective probability of a hike next month to 90% (from 85% previously)," Goldman Sachs said. Other analysts give a similar likelihood.
'Terrible' consequences
Turning to the independence of central banks, Ms Yellen said they need to be able to make long term decisions that are not always popular.
In countries where central banks are subject to political pressures, there have been "terrible" consequences, she said.
Ms Yellen also confirmed she planned to serve out her four-year term, which expires in January 2018.
During the election campaign, Mr Trump criticised both the Fed and Ms Yellen's handling of the economy.
The Bank of England (BoE) has faced similar pressure from senior Conservatives over the effects of ultra-low interest rates and quantitative easing since the financial crisis of 2008.
Former shadow chancellor Ed Balls on Thursday called for the BoE's independence to be curbed in response to growing "popular discontent".
In an academic paper, he said central banks could "sacrifice some political independence" without undermining their ability to do their job.
 
 
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'Made in Russia' could be coming to a store near you www.rt.com

The currency crisis and a drop in real wages make Russia attractive for foreign manufacturers searching for cheaper labor costs. Besides providing jobs, this could make the country a regional production hub in the near future.
 
The Russian currency lost about 40 percent against the US dollar in the past two years following the collapse in global crude prices, leaving the ruble about 30 percent below its peak in June 2013.
 
Last year, Russian salaries in dollar terms slid below wages in Brazil, China and members of the former Eastern bloc such as the Czech Republic, according to the Moscow-based Higher School of Economics.
 
That makes Russia a broadly competitive platform for new plants and factories. For example, South Korea's Samsung has begun exporting Russian-made washing machines to 20 European countries. The Wrigley subsidiary of US confectioner Mars has started producing Juicy Fruit chewing gum at a facility in St. Petersburg.
 
In the last ten months, industrial output has risen 0.3 percent, which appears to show a turnaround in the country's declining factory production, according to new data. The Economy Ministry expects an annual increase of 0.4 percent after a contraction of 3.4 percent last year.
 
“This is a strong statement that we can do something really competitive from Russia. Russian suppliers are competitive today mainly because of the currency situation. I don’t think this is temporary,” said Magnus Benon, head of purchasing operations in Russia for IKEA, the world’s largest furniture retailer, as quoted by Bloomberg.
 
The current conditions can allow Russia to crack the problems bolstered by years of ruble appreciation and wage increases that outstripped gains in productivity. The country may vie to become a regional production hub in the short-term.
 
“The goal of our manufacturers in Russia is to create alliances with foreign companies, to become part of regional and global chains of added value and thus to increase not only the country’s competitive potential, but also its export potential,” said Yaroslav Lissovolik, chief economist at the Eurasian Development Bank. He even suggests Russia may become the region’s factory.
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Thursday Morning Briefing: Mr. Trump, there's a Shinzo Abe here to see you. www.reuters.com

President-elect Donald Trump is expected to meet with Japanese Prime Minister Shinzo Abe today, Trump's first meeting with a foreign leader since being elected. But as of last night, Japanese officials didn't know where or when the meeting would take place. Nor did they know who would be attending. The expected topics up for discussion, however, are well known: The nature of the alliance between the United States and Japan. During the campaign, Trump raised questions:

"If somebody attacks Japan, we have to immediately go and start World War III, okay? If we get attacked, Japan doesn't have to help us. Somehow, that doesn't sound so fair." – Donald Trump, Dec. 30, 2015, Hilton Head, South Carolina.

"You're going to have to ask yourself, at what point and at what cost do we continue to protect Japan, Germany and many other countries. They're not paying for the protection anywhere near what it's costing us." – Donald Trump, Face The Nation, CBS News, April 3, 2016

Katsuyuki Kawai, an adviser to Abe sent to set up the Trump meeting, said he had spoken to several Trump advisers since arriving in Washington on Monday.

"I have been meeting with so many top aides to the president-elect and also I have been meeting with the very distinguished senators and congressmen and they unanimously told me that we don’t have to take each word that Mr. Trump said publicly literally."

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Alibaba, Tencent back Chinese cyber law facing overseas critics www.reuters.com

China's Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK) rallied behind Beijing's recently-imposed cyber security law on Thursday, following criticism of it from overseas technology rivals.

The country's two tech giants also urged closer cooperation between the public and private sectors at China's third World Internet Conference, which has focused on heightened threats to cyber security over the past year, including disruptions to financial systems and online terrorist radicalization.

China says the new law, which formalizes broad restrictions on technology companies working in China, was designed to remove cyber security threats in "critical" industries not to target foreign businesses and will help counter terrorism.

However, overseas business groups and technology organizations say it unfairly targets them with overzealous surveillance measures and local data storage requirements.

Analysts say Alibaba and Tencent operate websites and apps that have a largely local user base, and so face fewer changes in the way they store data as a result of the law.

"This marks a step forward for China. We are asking [Tencent] professionals to learn from these regulations," Yang Peng, director of Tencent's Executive Committee for Information Security, said at the conference, which is organized by China's internet regulator and has also focused on building more robust global governance and the responsibility of the media.

Critics of the cyber security law say while China's influence in global technology has grown, its ruling Communist Party led by Xi has presided over broader and more vigorous efforts to control, and often censor, information online.

Alibaba's Vice President Yu Weimin said the group has 3,000 people dedicated to security, and the e-commerce giant is "working with law enforcement" to crack down on some content.

"With all this technology together we can win the war on terrorism," Yu said.

Tencent's Yang said the company is working within state regulations to clean up content, and has removed 80,000 video clips from their site this year.

Cyber security took on a greater focus among regulators worldwide in February when it emerged that hackers stole $81 million from the Central Bank of Bangladesh [BDCB.UL] via SWIFT, the global financial messaging system. The funds were transferred to accounts in the Philippines and Sri Lanka.

Both Tencent and Alibaba operate online payment platforms that offer services ranging from bill payments to money transfers. Alibaba's Alipay dominates the online payments industry in China, while Tencent's WeChat payment system is increasingly popular.

"Big internet companies are the ones with the means to fight cyber terrorism, which is why we need more cooperation between the private and public sector," Alibaba's Yu said.

(Editing by Ryan Woo and Alexander Smith)

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Vietnam walks away from American-backed trade deal TPP www.rt.com

Vietnam has decided not to join the Trans-Pacific Partnership (TPP), with the trade deal's future uncertain under incoming US President Donald Trump.

"The United States has announced it is suspending the submission of TPP to the parliament so there are not sufficient conditions for Vietnam to submit its proposal for ratification," Prime Minister Nguyen Xuan Phuc told the National Assembly, according to Reuters.

The TPP deal is a project of incumbent US President Barack Obama aimed at increasing American exports. The future of the trade deal is highly uncertain in the Republican-dominated Congress and with President-elect Trump calling the project a "disaster".

"TPP is now in the history dustbin for sure," Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics, told Politico last week.

Asian countries have reacted differently to the increasing likelihood of the trade treaty failure. Malaysia is focusing on a China-led trade agreement, while Japan has been seeking to revive the TPP.

"We already have signed 12 free trade agreements, so joining the TPP is good, but without joining TPP we will still continue to further the economic integration under programs we have joined," said the Vietnamese Prime Minister.

Among Vietnam’s free trade agreements is a deal with the Russia-led Eurasian Economic Union that came into power in October. Almost 60 percent of the tariffs between Vietnam and the bloc uniting Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan have been eliminated with another 30 percent expected to be eliminated in the next five to ten years.

"We are ready to cooperate with the United States for co-development on the principle of respecting independence, territorial sovereignty, causing no harms to each other. In that spirit, I believe the Vietnam-US ties will be better in the coming time," said Phuc.

Last week, Vietnam's trade minister said traditional exports like textiles, seafood and footwear would remain competitive even without the US deal.

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Russia starts blocking LinkedIn website after court ruling www.reuters.com

Russia's communications regulator on Thursday ordered Internet service providers to block public access to the website of social networking company LinkedIn to comply with a court ruling that found the firm guilty of violating data laws.

Roskomnadzor, the watchdog, said it was acting to protect Russian Internet users' data. Russian law requires websites which store the personal data of Russian citizens to do so on Russian servers, something it said LinkedIn did not do.

LinkedIn, headquartered in the United States, has more than 6 million registered users in Russia. It is the first major social network to be blocked by Russian authorities, setting a precedent for the way foreign Internet firms operate.

LinkedIn's site would become unavailable in Russia within a day, the Interfax news agency cited Roskomnadzor spokesman Vadim Ampelonsky as saying. One Internet service provider, Rostelcom, was quick to say it had already blocked access to the site.

LinkedIn could not be immediately reached for comment.

It said in a statement earlier this month that the decision risked denying access to its site for millions of Russian members, including companies, who use it to grow their businesses.

The law requiring websites which store the personal data of Russian citizens to do so on Russian servers was introduced in 2014, but never previously enforced.

Critics see the move against LinkedIn as part of an attack on social networks in a country which has increasingly tightened control over the Internet in recent years.

(Reporting by Jack Stubbs; Writing by Maria Tsvetkova; Editing by Andrew Osborn)

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