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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Events

Events

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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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Alibaba hopes Singles' Day shopping party will go international www.asia.nikkei.com

HONG KONG -- Chinese e-commerce giant Alibaba Group Holding aims to transform every Nov. 11's Singles' Day from an exclusively Chinese phenomenon into an annual international shopping event.

Alibaba started the Singles' Day shopping event on Nov. 11, 2009, to boost online sales, as the date is made up of four lonely "ones."

The event began with just 27 stores and gross merchandise volume of less than 100 million yuan (about $14.7 million at current rate), but the figures jumped around 60% on the year to 91.2 billion yuan with 40,000 stores in 2015.

Alibaba's e-commerce site Tmall set a Guinness World Record for selling 6,506 cars and 1.11 million watches in a single day last year.

Alibaba's Singles Day sale starts at midnight on Friday. Last year, Tmall's GMV topped 1 billion yuan in one minute and 10 billion yuan in 12 minutes.

David Hill, renowned as the producer of the Academy Awards and the Super Bowl in the U.S., will direct the Tmall 2016 Double 11 Carnival Night, which will be held in Shenzhen, in the southern province of Guangdong.

U.S. pop star Katy Perry will headline at Alibaba's Singles Day gala as a global ambassador. Alibaba will broadcast the event live through Youku Tudou, its U.S.-traded online video provider.

This year, Alibaba has attracted foreign companies to make the event more international. Well-known foreign brands, such as Apple of the U.S., Italian luxury car brand Maserati and U.S. fashion brand Victoria's Secret, will join the shopping event for the first time to entice Chinese consumers.

Meanwhile, Tmall is providing services in full swing in Hong Kong and Taiwan to establish a foothold in the global market.

Virtual reality shopping will be another attraction of this year's Singles' Day sale. A dedicated VR headset will allow Chinese consumers to enjoy shopping as if they were actually at Macy's department store or a Target discount store in the U.S. while sitting in their own homes.

A representative of Guotai Junan International Holdings predicted that Alibaba's extensive sales promotion will boost Tmall's GMV by 37-43% year on year to 125 million yuan to 130 billion yuan on this year's Singles Day. Some market watchers even expect Tmall's GMV to hit 150 billion yuan.

Stocks that will benefit from Singles Day sale include e-tailers Alibaba and JD.com, as well as Suning Commerce Group and other electronics retailers that partner with Alibaba and Fast Retailing, the operator of the Uniqlo casual wear chain, which logged more than 600 million yuan in sales on last year's Singles' Day.

Logistics companies that ship goods ordered online are attracting greater attention. For example, the stock price of Chinese package delivery company YTO Express has surged more than 70% over the past two months, far exceeding the Shanghai Composite Index, which has remained roughly flat. The Shanghai-listed company posted solid earnings in the first nine months of the year, with a 44% increase in sales and a 91% jump in net profit.

The China Express Association, an industry group for home delivery and logistics, delivery volume will jump 35% from a year earlier to 1.05 billion during this year's Singles' Day campaign on Nov. 11-16. As many as 2.68 million people, a 50% increase from the previous year, will handle the mountains of goods shipped.

That said, time will tell if the Singles' Day shopping event will continue to grow at the current pace, as it has become so big. In response to market expectations, one Alibaba executive said he only expects GMV growth of about 30% this year.

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With Samsung raid, Choi probe turns to big business www.asia.nikkei.com

SEOUL -- South Korean prosecutors raided Samsung Electronics' headquarters Tuesday for evidence in the influence-peddling scandal surrounding a close confidante to President Park Geun-hye, dragging one of the country's largest conglomerates into the widening investigation.

The electronics maker is alleged to have sent some 2.8 million euros ($3.09 million) to a company linked to former dressage competitor Chung Yoo-ra, the daughter of Choi Soon-sil, a longtime friend of Park's who the president is alleged to have involved in state affairs. Tuesday's raid turned up evidence of such transfers, according to South Korean media reports.

Samsung confirmed that the raid took place in a short statement Tuesday. The company will faithfully comply with the investigation, a Samsung source said. Park Sang-jin, Samsung Electronics' president of corporate relations, is the current head of the Korea Equestrian Federation. He is expected to say that the money was to fund development of the sport, and that the selection of Chung to represent South Korea in international competition was a coincidence.

Prosecutors have barred Park from leaving the country, and are expected to look into possible kickbacks from the Park Geun-hye government to Samsung.

The raid also furthers an investigation into donations by South Korean businesses to two nonprofits -- a sports foundation and a cultural foundation -- effectively controlled by Choi, worth some 77.4 billion won ($68.2 million) in total. Prosecutors have detained and questioned Ahn Chong-bum, the president's former secretary for policy coordination, over allegations that he worked with Choi to pressure companies to donate. Looking into the hazy origins of these funds will help investigators determine whether Park herself is directly involved in any of the growing number of graft scandals surrounding Choi.

South Korea's major conglomerates top the foundations' donor lists. Samsung Group, the electronics company's parent, gave the most at around 20.4 billion won. Lotte Group reportedly gave around 4.5 billion won. Lotte's donation is suspected to have been returned several days before the company's offices were raided in June as part of an investigation into a possible slush fund.

Corporate donors say they were merely supporting South Korean sports and culture by giving to the funds and have not acted illegally. But if large conglomerates refuse to cooperate, prosecutors would have little choice but to call business leaders as witnesses, a source linked to the prosecution said Tuesday. The arrest or detention of officials cannot be ruled out as the investigation continues.

South Korea's economy has stagnated of late, and the wage gap between full- and part-time or temporary employees is widening. If the country's leading conglomerates are discovered to have benefited by illegally donating to Choi, the anger of ordinary South Koreans, now directed mainly at Park, could lash the corporate sector as well.

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Copper price: Don’t expect any 2017 fireworks www.mining.com

In early trade on Tuesday copper for delivery in December held onto six-month highs with copper futures exchanging hands for $2.3085 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.

Copper has risen during 11 of the last 12 trading sessions, adding nearly 11% in two weeks. While other industrial metals and steelmaking raw materials have jumped in value this year, the bellwether metal has advanced a more modest 8% this year.

The copper price hit six year lows in January following a 26% decline in 2015, the fourth year in a row of price erosion.

While the price of copper appears to have found a floor above $2.00 a pound a new note by BMI Research, a Fitch company, says that any gains going into 2017 would be modest.

Copper will remain an underperformer among base metals, as the market remains comparatively well-supplied and warehouse and exchange stocks despite recent declines remain relatively high, according to the report.

BMI expects copper prices to break out of an increasingly narrow trading range by 2017, supported by additional Chinese fiscal stimulus in the form of public construction sector support and the acceleration of public-private partnership infrastructure projects.

An investment boom in new capacity this decade has seen several large projects come on stream this year, but BMI forecasts global refined copper market balance to tighten substantially in 2017, to a surplus of 107,000 compared to an estimated surplus of 294,000 this year.

BMI forecasts copper prices to average only slightly higher next year at $4,900 per tonne in 2017, compared to $4,730 so far this year.

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Myanmar minister calls for Japanese investment www3.nhk.or.jp

Myanmar's Minister for Planning and Finance has called on Japanese firms to invest more in his country.

Kyaw Win was speaking at an economic forum sponsored by the Japan External Trade Organization and others in Tokyo on Tuesday. About 350 attendees included those from Japanese trading houses and financial institutions, as well as Myanmar companies.

The event came after the US government completely lifted its economic sanctions against Myanmar last month.

The finance minister said business opportunities exist in Myanmar in variety of fields, including infrastructure and finance. He added that all companies and investors have a fair opportunity there.

He encouraged vigorous participation by Japanese investors, saying that Myanmar's business environment has greatly improved with the introduction of a new law that eases restrictions on foreign firms.

Before the lifting of the US sanctions, Japanese companies were reluctant to do business with Myanmar firms and individuals whose transactions with the United States were banned.

But it is now hoped that trade and investment between Japan and Myanmar will become active.

An official from a Myanmar company that was dropped from the US sanctions list expressed hope for business with Japanese firms that have technologies and experience in infrastructure-related fields.

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Suzuki, Toshiba to team up to launch HV in India www3.nhk.or.jp

NHK has learned that Japanese automaker Suzuki plans to team up with the country's electronics giant Toshiba to expand the sale of hybrid cars in India.

Sources say the 2 companies are in the final stage of talks to launch a joint venture in India to produce lithium-ion batteries for hybrid vehicles.

Suzuki is the first Japanese automaker to start business in India, which has become its main overseas market.

Its local unit, Maruti Suzuki, is the market leader, with a share of over 40 percent in terms of sales units.

The plan to bolster hybrid car sales is in response to tighter regulations to address worsening air pollution in major cities.

A court has ordered a ban on diesel cars that are more than 10 years old in the capital, New Delhi.

Analysts say Suzuki aims to keep its leading position by promoting fuel-efficient and environmentally friendly hybrid models.

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Oil to hit over $150 within 25 years – OPEC www.rt.com

The average price for crude will reach $155 per barrel in nominal terms by 2040, which is the equivalent of $92 in real prices in 2015, according to OPEC’s annual World Oil Outlook report released on Tuesday.

The producer group assumes that the price for the OPEC Reference Basket (ORB), the blend benchmark used by the cartel’s members, will be around $40 this year. The price recovery will continue with $5 increments every year, reaching over $60 a barrel up to 2021.

The global demand for crude in the medium-term is expected to increase up to 99.2 million barrels a day (mbpd) by 2021. According to long-term projections, demand will rise by 16.4 percent in 2015-2040 to reach 109.4 mbpd.

“Global oil demand growth comes mainly from the road transportation sector, petrochemicals and aviation,” the report says.

Total global primary energy demand is expected to advance by 40 percent in 25 years – reaching more than 382 barrels of oil equivalent (boe) – with developing countries to provide a major part of the boost.

OPEC experts say the crude market has continued to readjust to the changing industry landscape since January, when prices fell to $27 per barrel. Since then, they have rebounded to the current $45-$50.

“During 2016, the market has shown signs that fundamentals are gradually rebalancing. However, despite non-OPEC supply contracting considerably, global demand remaining robust and the pace of the stock build decelerating, it is clear that instability and volatility remain,” the group’s report says.

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Global stock markets rise ahead of election results www.bbc.com

 
Stock markets around the world have risen slightly and the Mexican peso has surged suggesting traders are betting on a Clinton victory.
Asian stocks are trading higher while earlier European and US markets closed slightly up but the gains were small, indicating traders remain cautious.
One of the most notable movements was in the Mexican peso which surged to a two-month high against the US dollar.
However, the currency was volatile in early Asian trade.
The Mexican currency's movements are seen by many in the market as a good indicator of the election's likely outcome, with an upward movement suggesting Hillary Clinton is ahead.
Mexico is expected to suffer should Mr Trump be elected because of his pledges to build a wall along the US border with the country and renegotiate their trade agreement.
Asian markets will be the only ones trading as the polls come in. In early trade, Japan's Nikkei 225 was 0.8% higher while Australia's ASX 200 and South Korea's Kospi were both 0.3% up.
In Europe, London's FTSE 100 and stock markets in Paris and Frankfurt all made small gains of between 0.2% and 0.5%, while in the US the three main stock indexes jumped between 0.4% to 0.5%.
Volatility ahead
Analysts said the number of shares being traded was lower than normal, indicating investors are still uncertain about the result.
"2016 has been a year full of surprises. Don't forget the markets priced in a Remain win in the Brexit referendum and got it wrong," said Nigel Green, chief executive of deVere Group.
He warned a victory for Mr Trump could deliver a "double whammy negative impact" on global markets because they are expecting Mrs Clinton to win.
"Should she win, global financial markets will react favourably as she is seen to represent the status quo, whereas Trump is much more of an unknown and therefore will create uncertainty and the markets will react accordingly," he said.
Major banks have told clients to expect sharp movements in currency markets, and are reported to have put extra staff on duty throughout the night.
The cost of protecting against sharp movements in currencies such as the Mexican peso and the US dollar rose suggesting investors were expecting volatility as the results come in.
"It doesn't take much in order to move the prices," said Peter Jankovskis, co-chief investment officer at OakBrook Investments.
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Nissan's net profit skids down 13.3 pct on year in H1, brisk sales in China, N. America cap losses www.xinhuanet.com.cn

TOKYO, Nov. 7 (Xinhua) -- Nissan Motor Co. announced Monday that its group net profit in the first half of fiscal 2016 dropped 13.3 percent from a year earlier, owing to the strength of the Japanese currency eroding profits made overseas, although robust sales in its Chinese and North American markets helped to limit the firm's overall losses.
 
According to the Yokohama-based manufacturer, the firm's group net profit in the fiscal first half came in at 282.43 billion yen (2.70 billion U.S. dollars), with its consolidated operating profit dropping 14 percent in the April to September period to 339.73 billion yen, based on sales of 5.32 trillion yen, which is a decrease of 10.3 percent for the period.
 
Nissan, the maker of the March subcompact and Leaf electric vehicle, however, maintained its earnings forecasts for the full business year through March 31, stating that it expects an uptick in its group net profit by 0.2 percent from a year earlier to 525 billion yen.
 
"We have a strong product lineup in the second half to help us reach this target," Hiroto Saikawa, Nissan's co-chief executive, was quoted as saying, adding that the yen could be blamed for creating headwinds for the firm.
 
Nissan, however, said it now projects its operating profit to decelerate 10.5 percent to 710 billion yen, based on sales of 11.8 trillion yen, which is a 3.2 percent decrease from earlier estimates.
 
Weak domestic demand and the yen's comparative strength have both impacted Nissan's profit margins and future guidance, with its capital share tie-up with Mitsubishi Motors Corp. in October, which itself has been embroiled in a fuel economy data test scandal, contributing to the firm's circumspect outlook.
 
The halt in sales of Mitsubishi Motors' models affected by the fuel efficiency data manipulation scandal was largely responsible for domestic sales skidding down by 20 percent in the first half of the year, Nissan said.
 
But the carmaker added that it had shifted 2.61 million vehicles globally from April to September, down just 0.1 percent from a year earlier, owing to brisk sales in China and North America.
 
 
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Facebook takes on LinkedIn with new job opening features www.reuters.com

Facebook Inc (FB.O) said on Monday, it was testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn Corp's (LNKD.N) recruiting business. "Based on behavior we've seen on Facebook, where many small businesses post about their job openings on their Page, we're running a test for Page admins to create job postings and receive applications from candidates," a company spokesman told Reuters.
 
LinkedIn makes most of its revenue from job hunters and recruiters who pay a monthly fee to post resumes and connect with people on what's often known as the social network for business.
 
Technology news website TechCrunch first reported the news on Monday. (tcrn.ch/2fwHLSB)
 
With Facebook's jobs features, companies could drive more traffic to their Facebook pages while allowing them to pay the social network to get their job openings in front of more candidates, TechCrunch said.
 
In October, Facebook launched Marketplace to allow people to buy and sell items locally as the social media network tries new ways to keep its users engaged.
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Chinese Mainland and Taiwan to team up in 5G technology research www.chinadaily.com.cn

The Chinese Mainland and Taiwan plan to work together to promote research and industrial cooperation on the fifth generation (5G) mobile network technology, experts and company executives said on Monday.
Their comments came after the Chinese mainland finished the first phase of 5G research and testing in September that focused on 5G wireless and key technologies. Domestic and overseas enterprises such as Huawei Technologies Co Ltd, Ericsson AB and Samsung Electronics Co Ltd have all played an active part in the process.
 
Yang Zemin, vice president and secretary general at China Communications Standards Association, said that he has an optimistic view of the opportunity for Taiwan-based firms to participate in the mainland's second phase of experimental work on 5G.
 
"Both the mainland and Taiwan have open minds for deep cooperation in [the] future, and the two sides can work together to help formulate global 5G standard," Yang said at a cross-straits CEO summit in Xiamen, Fujian province.
 
Cliff Lai, general manager at Taiwan Star Telecom Corp, a mobile network operator in Taiwan, said that currently most operators in Taiwan have launched the VoLTE service. However, due to the low data pricing, Taiwan-based firms lack a strong driving force for enhancing its development.
 
VoLTE stands for voice calls provisioned over a 4G LTE data network, rather than the 2G or 3G networks that are commonly used. It is a 4G technology that allows users to have better quality phone calls and high-definition video calls.
 
"I really look forward to working with the Chinese mainland. By working together, we can seek a better business model to profit from the VoLTE service."
 
In his point of view, the two sides will probably also work within the semiconductor business, especially the chips.
 
According to data from the US International Trade Administration, the Chinese mainland is the largest consumer market of semiconductors, accounting for more than half of global consumption in 2015. And Taiwan's semiconductor business is the world's second-largest in terms of output.
 
"Through the cooperation, Taiwan can fully access the mainland's market and compete with foreign chipmakers, such as the US-based Qualcomm Inc. For the mainland, it can have bigger development opportunities," Lai added.
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