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

NEWS

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INSPIREmeFESTIVAL ULAANBAATAR www.mongolianbusinessdatabase.com

Her Majesty’s Ambassador Catherine Arnold, invites you to attend the Business Seminar of the InspireMe Festival on 11 November 2016 at Shangri-la Mall. The Business Seminar is designed to give useful information to mining industry professionals.

Time: 10:00 – 14:00

Location: Art Space Museum Shangri-la Mall, ground floor (Business Zone)

RSVP: 99084708 by 9 November

Dress code: Business attire

Come along during the day and take advantage of an array of thought-leader seminars, fun activities and inspirational talks. See live shows and enjoy special culinary delights designed to inspire your weekend.

The InspireMe festival will be held on 11-12 November showcasing Britain’s businesses, innovation, technology, education, tourism and culture.

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IMF: 2.5-2.7 percent increase is expected by 2017 www.mongolia.gogo.mn

B.Lkhagvasuren, Vice President, Bank of Mongolia reported that Mongolian economic growth forecast is 0-1 percent in 2016 and to be 2-3 percent in 2017 as a result of positive impact shown by construction of Oyu Tolgoi underground mine on non-mining sectors.
Mongolian economy is projected to expand 2.5-2.7 by 2017, according to the World Bank and International Monetary Fund.
Democratic Party Group at State Great Khural has organized an open discussion on budget and monetary policy. During which, D.Gan-Ochir, Head of Statistics Department, Bank of Mongolia stated that external debt reached US$ 1.1 billion this year, while it will reach US$ 4.5 in 2017, adding that the major action to overcome economic difficulties is to decrease macro risks and implement policy to support national production. Also, he noted that the first action should be done is to forward major projects and attract more foreign investment.
According to the latest statistics, foreign direct investment droped to US$ 14.4 in Sep, 2016, resulting fall in macroeconomic indicators. At that time, Mongolia have been discussing to receive loan from the International Monetary Fund. However, the country is able to attract funding from International Monetary Fund maximum of US$ 400 million.
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IMF backs Albania's draft budget and fiscal package for 2017 www.xinhuanet.com

TIRANA, Nov. 2 (Xinhua) -- Albanian government has reached an agreement with an International Monetary Fund(IMF) mission on the country's 2017 budget and key policies underpinning it, officials from both sides said at a press conference Wednesday.
 
Such an agreement was reached under the condition that Albanian authorities should settle the central government arrears, according to Albanian Finance Minister Arben Ahmetaj and head of the IMF mission Anita Tuladhar.
 
An IMF mission led by Tuladhar visited Tirana between Oct. 20 and Nov. 2, during which they held discussions on Albania's 2017 budget as part of the combined ninth and tenth reviews of Albania's extended fund facility (EFF) arrangement.
 
According to Tuladhar, the country's 2017 budget aims to reach a primary surplus of 0.7 percent of GDP.
 
To achieve its fiscal target, the Albanian government has committed to a fiscal package that includes raising oil-related revenues, tightening tax exemptions, and increasing the coverage and strengthening the collections of property tax, she said at the press conference.
 
The head of the IMF mission also said that the budget allows for moderate public wage and pension increases while containing the wage bill, as a percentage of GDP, to 2016 levels, thus giving the green-light to Albanian government decision to increase wages and pensions.
 
On his part, Albanian finance minister said that the growth of foreign direct investments, structural reform and stabilization of the Albania's main trade partners will be main engines of economic growth for a medium-term.
 
Earlier, IMF released a regular report on Central, Eastern and Southeastern Europe, keeping unchanged the projections of Albania's economic growth at 3.4 percent, whereas for next year the country's economy is expected to go up to 3.7 percent. Enditem
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Coal price rally bypassing US miners www.mining.com

Metallurgical coal's dramatic rise this year have caught most observers by surprise and despite predictions of a consolidation price momentum for the commodity seems only to be building. On Wednesday coking coal added another 2.7% trading at $265.50 a tonne bringing one month gains for the steelmaking raw material to more than 24%.
 
According to data provided by the Steel Index premium Australia hard coking coal prices are up more than three-fold since hitting multi-year lows around $70 a tonne in November last year.
 
While not quite setting such a torrid pace the rise in the price of seaborne prices for coal used in power generation has been just as impressive more than doubling in 2016 to settle at $114.75 a tonne on Tuesday, a near four-year high.
 
The rally in seaborne steam coal prices bypassed US miners entirely. In fact, prices for Central Appalachian coal (Nymex FOB) has continued its long-term downtrend. Trading at $40 a short ton, CAP prices are down 7.7% year to date and averaging more than 11% below 2015.
 
Coal from the Powder River basin, (8,800btu/lb) hasn't fared any better, losing 17% since the start of the year to trade at $9 a short ton this week after dipping as low as $8.25 in September.
 
According to EIA data the US exported a meagre 9 million tonnes of coking and 3.8 million tonnes of steam coal during the second quarter of this year. That's an uptick from the first quarter, but less than half the exports racked up when coal was last trading at today's prices.
 
The seaborne coal rally was also spurred by supply issues after Beijing’s decision to limit coal mines' operating days to 276 or fewer a year from 330 before as it seeks to restructure the industry. Chinese government stimulus plans which saw steel production and demand for power pick up only added fuel to the fire.
 
A new report by BMI Research suggest the coal rally may be running out of steam and that thermal coal prices will weaken over 2017 due to both stronger coal mine production and weaker demand growth in China. The researcher, a unit of Fitch, expects fourth quarter 2016 levels to represent the peak of thermal coal prices for the next several quarters.
 
China imported 24.3 million tonnes of coal in September, up more than 33% compared to last year according to official customs data. Over the first nine months of the year imports increased 15% to 180 million tonnes compared to the same period in 2015.
 
In 2011 floods in key export region in Queensland saw the coking coal price touch an all-time high $335 a tonne. Steam coal peaked just shy of $140 a tonne in January 2011.
 
 
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Facebook's profits soar as it continues to swallow online advertising market www.theguardian.com

Facebook almost tripled its profits in the third quarter of 2016 as the social media giant took an even larger slice of the online advertising market. The company reported a 59% year-over-year increase in advertising revenue on Wednesday. Net income for the three months ending 30 September rose to $2.38bn from $896m a year earlier.
 
The jump in profits and revenues comes as traditional publishers are hemorrhaging advertising dollars and announcing cutbacks. News groups including the Daily Mail, the Guardian, New York Times and Wall Street Journal have all announced layoffs in recent weeks.
 
The US election was partly responsible for Facebook’s gains. “Facebook is the new town hall and we are proud of the role that we’ve played in increasing civic engagement,” chief executive officer Mark Zuckerberg told investors during the company’s evening conference call.
 
The company also increased its dominance in mobile advertising. Mobile phones delivered 84% of the ads, up from 78% last year, or revenue of $5.7bn over 90 days. The entire digital ad market for 2016 is estimated at $67.1bn by analytics firm eMarketer. The company’s user base has climbed to 1.79bn monthly active users and 1.18bn who log in at least once a day.
 
The good news came despite some mishaps for the company over the quarter. Facebook has been criticized for the way it handles political discussion, first for obscuring the way human editors managed its Trending module, and then for the way its subsequent algorithm-only curation has promoted fake stories.
 
In September it was revealed that the company had been overestimating video views by between 60% and 80%, a story first published by the Wall Street Journal.
 
More recently, Facebook has come under fire from members of the US Congressional Black Caucus over racial discrimination in Facebook’s housing ads. The lawmakers, including officers GK Butterfield and Yvette Clarke, say racialized ad targeting using Facebook’s “ethnic identities” feature to exclude people from seeing ads by race violates anti-redlining laws including the Fair Housing Act of 1968.
 
 
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Twenty-First Century Fox beats Wall Street expectations www.reuters.com

Twenty-First Century Fox Inc (FOXA.O) reported first-quarter profits on Wednesday that beat Wall Street's expectations, as the company's cable channels and box office saw a boost in revenues.
 
Fox, which is home to Fox News Channel and FX, saw its cable division revenue rise nearly 10 percent to $3.81 billion in the first quarter, accounting for more than half of total revenue.
 
James Murdoch, chief executive officer at Fox, told analysts on a call Wednesday that he expects Fox's strong ratings during the presidential election campaign to help drive affiliate fees as it has some "significant renewals" approaching.
 
Fox News is the most watched cable news network and has maintained strong ratings in the wake of the high-profile departure of its former CEO Roger Ailes.
 
The company is not planning any changes to the network's strategy, Murdoch said on the call.
 
Revenues for its film division, buoyed by last summer's hits, "Independence Day: Resurgence" and "X-Men: Apocalypse" increased 6.8 percent in the quarter ended Sept. 30.
 
Fox does not feel any pressure to make a big acquisition despite the planned acquisition by telecommunications provider AT&T Inc (T.N) of Time Warner Inc (TWX.N), Murdoch told analysts on the call. Fox had made a bid for Time Warner in 2014, only to be rebuffed.
 
"There isn't a heightened appetite for inorganic activities," Murdoch told analysts. "We really try to be very disciplined about this."
 
Similarly, Murdoch said the company is not feeling pressure to come out with its own over-the-top video streaming service like so many of its competitors have. Fox is a part owner of Hulu and has distribution agreements with many over-the-top providers.
 
The Rupert Murdoch-controlled company's shares were flat in after-hours trading on Wednesday.
 
The company's total revenue increased to $6.51 billion from $6.08 billion.
 
Analysts on average were expecting revenue of $6.49 billion, according to Thomson Reuters I/B/E/S.
 
Net income attributable to shareholders rose to $821 million, or 44 cents per share, from $675 million, or 34 cents per share.
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Russia & China reveal their alternative to Airbus & Boeing www.rt.com

A mock-up of a wide-body passenger aircraft jointly being developed by Moscow and Beijing has been presented at Airshow China. The new plane is expected to challenge the Airbus-Boeing duopoly.
 
Manufacturers Russia’s United Aircraft Corporation and Commercial Aircraft Corporation of China (COMAC) have announced the start of the search for suppliers. They didn’t provide any details on financing or technical specification.
 
"We will choose suppliers who have rich experience in development, whose products are competitive globally, and who can continually guarantee quality from the development stage until the planes go into operation," Guo Bozhi, general manager of COMAC's wide-body department told Reuters.
 
US firms Honeywell and United Technologies Corporation have reportedly discussed the jet with COMAC officials at the air show.
 
The Russia-China joint venture will start this year, according to Guo. The firms plan a maiden flight in 2022 and deliveries to begin in 2025 or later.
 
"A wide-body jet is an extremely complicated product, which will require a lot of skills (to develop) and require broad industrial knowledge," Guo told reporters. "China and Russia each have their own advantages."
 
The memorandum on the creation of a new airliner was signed in 2014 during President Vladimir Putin’s visit to China. It is part of a $13 billion aviation cooperation deal.
 
The basic version of the aircraft will have 250-280 seats and a range of 12,000 kilometers.
 
The plane will be developed in Russia and assembled in China. It will be based on the Russian-designed IL-96, and will have two engines instead of four.
 
Russian Deputy Prime Minister Dmitry Rogozin said in June the construction of a heavy-lift aircraft engine for the plane has already started.
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Alibaba generates more revenue than Amazon and eBay combined www.rt.com

Chinese e-commerce giant Alibaba has blown away earnings expectations in the quarter ending September 30. Revenues increased 55 percent to 34.29 billion yuan ($5 billion), more than Amazon and eBay combined.
 
“We reported robust revenue growth of 55 percent this quarter, with strong growth in each of our four reporting segments,” said Maggie Wu, Chief Financial Officer of Alibaba Group.
 
“Our highly profitable and cash flow generative core commerce business enables us to invest in our future growth areas of cloud computing, digital media and entertainment and innovation initiatives. We expect each of these businesses to drive long-term value for both our customers and shareholders,” she said.
 
Alibaba’s revenue of 34.29 billion yuan (about $5 billion) in the three months through September beat the average estimate of 33.9 billion yuan from 24 analysts polled by Thomson Reuters.
 
Revenue from the company's core e-commerce business grew 41 percent over the year before to 28.49 billion yuan ($4.2 billion), driven by sales in China.
 
Net income slid to 7.1 billion yuan ($1.05 billion) from 22.7 billion yuan ($3.35 billion). Alibaba pegged the fall on a large one-time item.
 
"Beyond the strong performance of our core commerce business, we are pleased with the continued rapid growth of our cloud computing business," said Daniel Zhang, CEO of Alibaba Group.
 
Alibaba’s media and digital entertainment business, which was consolidated under a new entity on Monday, saw revenues rise 302 percent year on year, mostly due to the consolidation of Youku Tudou, the local alternative to YouTube, which is blocked in China.
 
The company’s report comes just days before China’s Singles’ Day on November 11, the world's biggest online shopping event, which is 10 times bigger than US Cyber Monday. Last year, Alibaba earned a world record breaking 91.2 billion yuan ($14.32 billion) during the day.
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Volvo, Geely share car plant www.chinadaily.com.cn

Volvo, Geely share car plant Two automakers will soon start producing vehicles at their joint Taizhou factory
 
Swedish carmaker Volvo announced on Wednesday a series of moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co－a tie-up that's shaping up to show that China can make a success of buying consumer brands.
 
The two firms will soon start producing cars at a joint assembly plant in Taizhou, Zhejiang province, Volvo said in a statement.
 
The Taizhou plant, operated by Volvo and expected to be up and running in the current quarter, will produce compact cars based on an "advanced" vehicle architecture the two companies have jointly developed in Sweden.
 
Both Volvo and Geely are expected to produce small cars at the plant based on that compact modular architecture platform－for both domestic and export markets.
 
Volvo began exporting its China-made cars last year, shipping its S60 Inscription to the United States.
 
The automaker is also expected to unveil two stretched variants of its recently launched large S90 premium sedan, including the S90 Excellence. Volvo will build both S90 variants at its assembly plant in Daqing in northeastern China, for sale in China and abroad.
 
The Taizhou plant will be Volvo's third assembly site in China, along with Daqing and one in Chengdu in southwestern China.
 
Geely raised auto industry eyebrows when it bought Volvo for $1.8 billion six years ago. Few saw any obvious synergies in marrying a premium Western marque with a Chinese entry brand.
 
But the two appear to be making it work.
 
Volvo increased its third-quarter sales in both China and the US by more than one-fifth, and July-September operating profit jumped 62 percent to 2.07 billion Swedish Kronas ($232.5 million).
 
Geely sold more than half a million cars last year, up 22 percent, and sales in the first nine months of this year were already at nearly 460,000 cars.
 
"Moving production from Sweden to China, and sharing manufacturing processes and components has been a positive for both Geely and Volvo from a cost savings perspective," said James Chao, Asia-Pacific chief for consulting and research firm IHS Markit Automotive.
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YouTube's seven-year stand-off ends www.bbc.com

 
YouTube has resolved a long-running dispute that prevented many of its clips being accessible in Germany.
The Google-owned video service had been at odds with Gema - a German rights body representing musicians, composers and publishers - since 2009.
The disagreement had affected clips in which the artists appeared as well as those that used their songs in the background.
Payments will now be made, but neither side has disclosed the terms.
Google's Content ID system means that clips flagged as containing Gema-protected tracks can now have adverts automatically added to them to recompense the songs' creators.
And red banners that had prevented thousands of YouTube's clips from playing in Germany have now been removed as a consequence.
"This is a win for music artists around the world, enabling them to reach new and existing fans in Germany... and for YouTube users in Germany, who will no longer see a blocking message on music content," blogged YouTube's head of international music partnerships, Christophe Muller.
Gema said there remained disagreement about whether YouTube or the person uploading a clip was ultimately responsible for licensing the music it contained but the new agreement still marked a "milestone"
"We remained true to our position that authors should also get a fair remuneration in the digital age, despite the resistance we met," said its chief executive, Harald Heker.
One industry watcher said it was a "significant" that the matter had been resolved.
"Gema had been a long-term holdout on and critic of YouTube, hitting out at the video site even when many record companies were supportive of it," said Chris Cooke, director of Unlimited Media.
"It has meant YouTube is not the music hub in Germany that it is elsewhere, which has hindered newer artists looking to use it as a marketing channel.
"Though it has to be said in the last couple of years most labels have also become critical of YouTube, the way it operates and the royalties it pays compared to, say, Spotify or Apple Music, even though they continue to work with the service.
"It will be interesting to know quite what deal Gema has secured and how its songwriter members feel about it."
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