1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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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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Rio to idle Hope Downs 4 over Christmas www.mining.com

Employees at Rio Tinto's (LON,NYSE,ASX:RIO) Hope Downs 4 mine in Australia will do better than a lump of coal over Christmas this year.
 
The Anglo American mega-miner announced last week that it is shutting the iron ore mine down for two weeks at the end of the year to "reduce operating costs and maximize cash to strengthen the business" – the latter a thinly-veiled allusion to the lagging iron ore sector. While the price of the steelmaking raw material is up nearly 70% this year, most analysts believe that demand from China and other iron importing countries is not enough to keep up with continued robust supply from the Big 3 major producers: Rio Tinto, BHP Billiton (NYSE,ASX:BHP) and Vale SA (NYSE:VALE).
 
The temporary shut-down affects 440 workers and is the first time since the financial crisis of 2008 that Rio Tinto has taken such a drastic measure to cut production. Employees can either take leave or work shifts at other mines. Hope Downs 4 in the Australian Pilbara is one of the largest iron ore mines in the country.
 
Rio reportedly told employees in an email that the mine had achieved its annual production target early, allowing the company to lock the gates mid-December. However the Financial Times reports an analyst at Citi saying that doesn't really make sense considering the price of iron ore is sitting at US$72 a tonne. Clarke Wilson said the closure has more to do with limited rail capacity on Rio's Pilbara rail network during the holiday season.
 
Underlying market fundamentals no doubt also played a role in the decision. By taking production out of the market, Rio might be able to keep prices higher into the new year and stave off the correction that some in the industry are predicting will soon occur.
 
There is also a political dimension to the temporary closure. The National party, one of the coalition partners in Western Australia's government, has proposed a big tax increase on Rio and its competitor, BHP Billiton. The proposal would hike the production rental fee for both companies to AUD$5 a tonne from the 25 cents they currently pay. This is on top of the 7.5% royalty they already pay. Voters will decide the fate of the tax during state elections next March.
 
Rio Tinto took the opportunity of the closure announcement to ensure the state government sees that iron ore miners are vulnerable to more imposed costs:
 
"There couldn't be a worse time to tax our business an extra $1.5bn [US$1.1bn] every year. This will destroy jobs, hurt local businesses and damage Western Australia's international competitiveness," the FT quoted Chris Salisbury, chief executive of Rio Tinto's iron ore division, saying.
 
The company has been trying to rein in costs and raise capital, most dramatically by putting its Simandou project in Guinea on ice, followed by a decision in October to sell its Simandou stake to Chinalco for $1.3 billion.
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Tencent to spend $150m again on movies www.chinadaily.com.cn

Tencent Holdings plans to continue its bold push into the international film business.
 
Tencent Pictures, the Chinese internet giant's upstart filmmaking unit, has set aside more than 1 billion yuan, or over $150 million, to finance Hollywood and Chinese film projects in 2017, an unnamed source at the company told Bloomberg News.
 
Tencent has already spent approximately $150 million on film financing in 2016, the source said.
 
The company was a co-financier of Legendary Entertainment's Chinese box-office hit Warcraft (which grossed $220.8 million in the country) and the upcoming Kong: Skull Island.
 
In September, Tencent Pictures announced an ambitious 21-film slate spanning projects of various genres, including Tibet Code, a film adaptation of hit Chinese fantasy book series, and a 3D animation based on Tuzki, the popular rabbit emoticon used on WeChat, China's most popular messaging service (owned and operated by the Tencent parent company).
 
A Tencent representative declined to comment on the company's financing plans.
 
An online gaming platform that had become China's leading internet portal, social media site and instant messaging service before expanding into online publishing, TV and film production, Tencent passed Alibaba Group in September to become the most valuable tech firm in Asia, with a market capitalization of $250 billion. The company has been on an overseas investment spree throughout the year.
 
In June, Tencent bought Finnish hit game maker Supercell, the company behind Clash of Clans, for $8.6 billion. It later took equity stakes in STX Entertainment (Bad Moms) and Stuart Ford's foreign sales and finance outfit IM Global (Hacksaw Ridge) before partnering with sports and entertainment powerhouse WME-IMG to set up a joint venture in China.
 
Tencent Pictures also is exploring a collaborative pact with The Dark Knight producer David S. Goyer.
 
Tencent is engaged in an arms race with fellow Chinese corporate giants Alibaba, Dalian Wanda Group and Baidu Inc to secure a share of the expanding Chinese box office, which is expected to top North America as the world's largest movie market in 2018.
 
The Chinese giants see partnerships with experienced Hollywood players as crucial to their domestic and overseas success. Alibaba Pictures Group bought a stake in Steven Spielberg's Amblin Partners last month after taking stakes in several Paramount Pictures titles, including Star Trek Beyond.
 
And Wanda's chairman Wang Jianlin, China's richest man, told The Hollywood Reporter in October that he plans to invest billions into movies made by all six of the Hollywood studios.
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Japan's trade balance stays in black www3.nhk.or.jp

Japan's trade balance in October was in the black for the second consecutive month.
 
The value of exports shrank, but an even bigger decline in imports kept the index in positive territory.
 
The Finance Ministry announced on Monday the surplus was about 4.5 billion dollars for last month.
 
Exports were down 10.3 percent in yen terms from a year earlier. That's their 13th straight month of decline.
 
Fewer automobiles were shipped to Europe. Declines were also seen for iron and steel products to the United States, Europe and Asia and communication equipment to China.
 
The ministry says imports shrank 16.5 percent. This was largely due to lower prices of crude oil and natural gas.
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Data Dive: Snapchat revenue growth may not be a snap www.reuters.com

One problem Snapchat won't have in the immediate future is cash. But whether the social media star's underlying revenue will keep up is an open question.
 
The company filed for an IPO valued between $20 billion and $25 billion. Its last round of financing came in May to the tune of $1.81 billion, which valued the company at around $17.8 billion. That compares with a value of $16 billion in February, when the company raised $175 million.
 
The bulls are likely to cite eMarketer's report from September, which predicts that Snapchat's revenue will rise 155 percent to $935.5 million in 2017 from $366.7 million.
 
The downside to those numbers is that while Snapchat accounts for 32 percent of social network users in the United States, it's only getting 2.3 percent of social network ad dollars.
 
Facebook's third-quarter advertising revenue rose 59 percent to $4.3 billion, but its shares got trashed after the company warned that growth would slow in the current quarter. By comparison, Google's ad revenue jumped 18 percent to $19.8 billion. Twitter's advertising revenue rose 6 percent to $545 million.
 
No one questions Snapchat's ability to engage its users. But turning that engagement into money is another story. "The question is, 'Can you monetize it the way Facebook's monetized historically?' And that's going to be a real challenge for the company to keep up this level of growth," BTIG's Richard Greenfield told CNBC earlier this month.
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APEC leaders commit to fighting 'all forms' of protectionism www.reuters.com

Pacific rim leaders said on Sunday that they were committed to fighting "all forms of protectionism," and encouraged signatories of the TPP trade pact to continue supporting it despite fears it may not have a future in its current form.
 
"We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism," the leaders of the 21-country Asia-Pacific Economic Cooperation (APEC) group said in a closing statement after meeting in Peru.
 
APEC talks in Lima have been dominated by doubts over the future of free trade and in particular the Trans-Pacific Partnership (TPP) trade pact following the election of Donald Trump as U.S. president.
 
Trump strongly criticized the TPP - which as it stands includes the United States but not China - during an election campaign notable for his strong criticism of U.S. free trade deals.
 
U.S. President Barack Obama, speaking at a news conference, said he was already hearing calls for a less ambitious trade agreement that would exclude U.S. workers and businesses.
 
Not moving forward with TPP would undermine the U.S. position across the Asia-Pacific region, Obama said at the end of the last stop of his final scheduled trip abroad as president.
 
Some leaders have suggested that the 12-nation TPP free trade pact could continue without the United States, while others have said that would be impossible without a complete renegotiation.
 
Another way forward might be a cosmetic change that would allow Trump to support the accord without losing political face, New Zealand Prime Minister John Key suggested in a round table on Saturday.
 
In parallel, China has been selling an alternate vision for regional trade by promoting the Regional Comprehensive Economic Partnership (RCEP), which does not include the Americas.
 
Peru's President Pedro Pablo Kuczynski, host of the APEC summit, said it was too early to write off the sweeping TPP deal following Trump's surprise win.
 
Kuczynski said that economic hardship had fueled support for Trump in the United States and the Brexit victory in the United Kingdom. "More than protectionism, it's a reflection of difficult economic conditions," Kuczynski said.
 
The final declaration by the APEC leaders said: "We encourage that all regional undertakings, including TPP and RCEP, remain open, transparent and inclusive and draw on each other."
 
Both deals could be potential pathways to a wider regional trade agreement, known as the FTAAP or Free Trade Area of the Asia Pacific, it said.
 
The final declaration acknowledged that economic growth had become uneven in recent years and inequality had risen, factors seen as key in a shift to isolationism in Western economies.
 
"While the complex global economic environment will continue framing our work, it also represents an opportunity to reiterate our commitment to build a dynamic, harmonious and open economy in the Asia-Pacific region," it said.
 
 
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S. Korean prosecutors say president involved www3.nhk.or.jp

South Korean prosecutors suspect President Park Geun-hye widely conspired in the crimes of her long-term friend and two former aides.

On Sunday morning Choi Soon-sil was indicted on charges including fraud and conspiring to abuse power. She has known Park for over 40 years. An Chong-bum, a former presidential aide, was also charged with abuse of power. Former presidential secretary Jeong Ho-seong was charged with leaking state secrets to Choi.

South Korea presidents are immune from prosecution except for treason. But observers say pressure on Park to step down will now intensify.

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China pledges further opening as leaders scramble for free trade www.reuters.com

Chinese President Xi Jinping pledged further economic opening on Saturday as leaders of Asia-Pacific countries sought new free-trade options following Donald Trump's election to U.S. president on promises to scrap or renegotiate trade deals.

All eyes were on China at this year's APEC summit in Lima, Peru just over a week after Trump's surprise victory in the United States dashed hopes of the largest-ever U.S.-proposed trade deal, the Trans-Pacific Partnership (TPP), coming to fruition.

U.S. President Barack Obama has championed the TPP as a way to counter China's rise, but he has now stopped trying to win congressional approval for the deal signed by 12 economies in the Americas and Asia-Pacific, excluding China. Without U.S. approval the current agreement cannot be implemented.

Trump campaigned against the TPP and the North American Free Trade Agreement (NAFTA) as bad for U.S. jobs. He said he would scrap the TPP and threatened to impose tariffs on imports from China and Mexico.

Following a meeting with Obama, Xi said Beijing's relationship with Washington was at a "hinge moment" and called for a smooth transition.

Xi has been selling an alternate vision for regional trade by promoting the Beijing-backed Regional Comprehensive Economic Partnership (RCEP), which as it stands excludes the Americas.

"China will not shut its door to the outside world but open more," Xi said in a keynote address at APEC. "We're going to...make sure the fruits of development are shared."

Asia-Pacific countries should "advance economic integration and build open economies," Xi said. "Any regional trade plans should have widespread support... Sealing off and excluding others is not the correct choice."

Chinese attendance at the APEC meeting was its largest ever and regional delegates said China would take the lead on trade if the U.S. turned toward protectionism.

The Obama administration has warned that the RCEP would not include strong protections for workers, the environment or intellectual property.

In Lima on his last scheduled trip abroad as president, Obama said the United States worked to include labor provisions in a U.S.-Peru free trade agreement to lift wages and standards for Peruvian workers.

"That's the kind of attitude that we want to try to promote in ... the years going forward, and my hope is that that policy will continue."

TPP leaders held a meeting at APEC, where Obama urged them to work together to advance TPP, the White House said.

The leaders had confirmed the economic and strategic importance of the agreement, Japanese Deputy Chief Cabinet Secretary Kotaro Nogami told reporters after the meeting.

CHINA FILLS THE VOID?

With the fate of the TPP uncertain, China's talks on RCEP, which include Australia, India and more than a dozen other countries, are seen as perhaps the only path to the broader Free Trade Area of the Asia-Pacific (FTAAP) that APEC aspires to.

"It's a more traditional trade deal, reducing tariffs on goods and services. It's not as far reaching as the TPP," Australian Prime Minister Malcolm Turnbull told reporters of RCEP. But "the more access we can get to more markets for our exports, the better."

New Zealand Prime Minister John Key said the United States was an important partner in the region, but China would fill the void if a Trump administration backs away from free trade.

Key said TPP members might be able to incorporate "cosmetic changes" to make the deal more palatable to the real estate magnate and former reality TV star.

"The Trump Pacific Partnership for instance, that'd be fine," Key said, laughing.

Despite China's overtures, some APEC members were determined to press on with TPP and held out hopes the United States would still show leadership on trade.

"Our geopolitical position is with the United States, obviously," Mexican President Enrique Pena Nieto said. "That's where our eyes are set and that's what we are working for."

Pena Nieto said the NAFTA pact between the United States, Mexico and Canada should be "modernized." Trump has vowed to scrap NAFTA if he cannot renegotiate it,

Mexico, Japan, Australia, Malaysia, New Zealand and Singapore aim to continue with TPP with or without the United States, Mexico's economy minister, Ildefonso Guajardo, said on Friday.

Several APEC members said it was too soon to write off support from Trump on TPP.

"Barack Obama was not a supporter of the TPP when he became elected and he's leaving office as one of its greatest advocates," Australia's Turnbull said.

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Marilyn Monroe's dress sells for $4.81 million www3.nhk.or.jp

A dress worn by movie star Marilyn Monroe has sold for a world-record price at an auction. Monroe wore the sparkling gown when she sang a birthday song to President John F. Kennedy.

Museum chain Ripley's Believe It Or Not! paid 4.81 million dollars for the skin-tight gown. It is the most ever paid for a dress, which was one of a number of the actress's possessions to be sold since Thursday at Los Angeles firm Julien's Auctions.

JFK's birthday celebrations took place in May 1962, less than 3 months before Monroe was found dead at age 36.
The head of Julien's says Monroe singing "Happy Birthday Mr. President" is one of the most famous impromptu performances in American history.

The auction house says Monroe had asked designer Jean Louis to make a dress only she could wear. It says the dress features 2,500 hand-stitched crystals and its flesh color matched her skin tone.

The dress was previously auctioned in 1999. It sold for about 1.26 million dollars.

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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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