1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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China's HNA Group buys $6.5 billion stake in Hilton, extends hotels push www.reuters.com

China's aviation and shipping giant HNA Group extended its push into hotels and Chinese tourism on Monday, paying $6.5 billion to buy a 25 percent stake in Hilton Worldwide Holdings Inc (HLT.N) from biggest shareholder Blackstone Group LP (BX.N).
 
The deal marking the second investment in the hotel industry this year by ambitious and fast-growing HNA, now the operator of more than a dozen airlines including flagship carrier Hainan Airlines Co (600221.SS) and a group with more than $100 billion in assets. In April HNA bought Carlson Hotels Inc, owner of Radisson hotels, for an undisclosed sum.
 
It also comes as Chinese companies step up hotel deals to tap free-spending mainland China tourists, now traveling overseas in record numbers. Their spending at home and abroad is expected to hit $72 billion this year, according to China Travel Academy, a government-backed research institute.
 
Chinese companies have also been splurging on foreign acquisitions to sidestep slowing growth at home. The HNA deal would take China's overseas M&A to a record $191 billion so far this year, more than 70 percent of 2015's tally.
 
HNA agreed to buy its shares in Hilton for $26.25 each, a 14.6 percent premium to Hilton's Friday's closing price, valuing the whole of Hilton at about $26 billion. Blackstone took Hilton private in 2007 for $26.7 billion, including debt, and the private equity firm listed the company in 2013 in the biggest-ever hotel IPO.
 
Shares in Hilton, whose brands include Conrad Hotels & Resorts, Curio and Double Tree as well as Hilton, ended flat in New York on Monday after rising as much as 3.7 percent to $23.76 in early trading on news of HNA's stake buy.
 
Established in 1993, HNA has emerged under the stewardship of co-founder and chairman Chen Feng as one of China's most acquisitive overseas dealmakers, having announced about $20 billion of deals this year alone, according to Reuters calculations.
 
As well as buying aviation assets, HNA has been investing in other travel-related businesses, including Swiss airline catering firm Gategroup Holdings (GATE.S), and U.S.-listed electronics distributor Ingram Micro (IM.N). It now controls 11 companies listed on mainland China and Hong Kong stock markets.
 
Earlier this month HNA's Avolon Holdings agreed to buy CIT Group (CIT.N) aircraft leasing assets worth $10 billion, a deal that will create the world's third-largest lessor.
 
In hotel deals, however, it hasn't all been plain sailing for would-be Chinese buyers.
 
In April, Chinese insurer Anbang Insurance Group Co [ANBANG.UL], owner of the iconic Waldorf Astoria in New York, abandoned its pursuit of Starwood Hotels & Resorts Worldwide following a bidding war with Marriott International Inc (MAR.O). Marriott completed the acquisition of Starwood in September to create the world's biggest hotel chain.
 
Meanwhile HNA's latest deal will see it appoint two directors to Hilton's board, raising its size to 10. It will also give HNA a stake of about 25 percent in Hilton's real estate and timeshare businesses, following their expected separation by the end of 2016.
 
Blackstone will continue to have two seats on Hilton's board, including Jonathan Gray who will remain as chairman.
 
Evercore was the financial adviser to Hilton, while JPMorgan advised HNA.
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Huawei earns Europe's trust with excellence in high-tech www.chinadaily.com.cn

"This is the guts of the business, this is what we do," our guide said, patting a large green, hardware-filled street cabinet sitting in the bowels of Huawei Technologies Co's UK headquarters in Reading.
 
To the average Briton, Huawei is best known as a smartphone manufacturer. Its basic models could be an alternative to pricey market leaders. Some are aware of the TV commercial for its higher end P9 featuring movie stars Scarlett Johansson and Henry Cavill.
 
But most would be unaware that Huawei plays a key role in the "last mile" technology that delivers superfast broadband from the pavement to some 20 million homes across the United Kingdom.
 
"This is where it all begins, the kit that weathers rain or shine... If this doesn't work, nothing else does."
 
Reliable equipment and thrust on innovation have helped Huawei to emerge as the world's biggest telecommunication equipment manufacturer, after starting as a private reseller of PBX switches in China in 1987.
 
Founded by Ren Zhengfei with an investment of $3,500, Huawei's revenue reached $60.8 billion in 2015. It's the only Chinese company in the Fortune 500 list to make more money abroad than domestically.
 
The company said it will likely meet its sales target of 140 million handsets this year, driven by over 50 percent year-on-year growth in western and northeastern Europe, two of its fast-growing markets.
 
Huawei is also the world's third-largest smartphone vendor after Samsung Electronics Co Ltd and Apple Inc. The gap between Apple and Huawei is narrowing.
 
Huawei's market share was 8.2 percent in the first quarter of this year, up from 5.2 percent last year, while Apple fell to 15.3 percent from 18.3 percent, with Samsung remaining at around 24 percent, market research firm International Data Corporation reported in July.
 
Both Apple and Huawei are likely to benefit from Samsung's ill-fated Galaxy Note 7.
 
Analysts attributed Huawei's success to its unique management and ownership structure. Huawei is a 98.6 percent employee-owned private entity run by rotating CEOs. Emphasis is on research, which received $38 billion over the last 10 years and 45 percent of its 176,000 employees worldwide.
 
According to Roland Montagne, head of broadband practice at European telecoms think tank IDATE, making inroads into Europe is at the heart of Huawei's global rise.
 
"Huawei decided to invest quite early in the European market because it's a center of expertise in terms of technology and it is a dynamic market," he said. "That's why they decided to collaborate quite quickly with the main players in Europe－BT, Orange, Telefonica, to mention a few."
 
After setting up its first UK offices in 2003, Huawei clinched a game-changing supplier deal with British Telecom in 2005, to roll out the latter's 21st Century Network data network program.
 
"At the time, very little was known about (Huawei) outside of Asia, it didn't really sell very much in Europe," said Mike Galvin, head of technology, services and operations at BT. "We compared Huawei's with others' equipment ... and we said this equipment meets our needs. It was well-made."
 
Galvin said Huawei scored in terms of security of supply and ethical practices. He attributed much of its success to customer centricity.
 
"The unique thing ... (about) Huawei ... is how close they are to their customers and how their customers drive what products they produce."
 
Stefano Cantarelli, chief technology officer and network vice-president for UK and Ireland at Huawei, said gaining BT's trust opened the doors to other major deals in the UK and Europe. Carriers Vodafone and EE went on to buy Huawei equipment for their telecom networks. Huawei teamed up with EE later to launch the UK's first 4G LTE (long term evolution) network.
 
The BT deal signified the opening up of the traditional, R&D-driven European operator market to Chinese vendors, Cantarelli said. "They (BT) have been fundamental in establishing trust, and we were able to get the second-biggest deal we got with Vodafone. It has been pivotal in creating a brand reputation."
 
According to Montagne, maintaining such trust is imperative for Huawei as the new frontier of all-cloud transformation and cloud-based strategies offer a fresh set of complex security challenges.
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JR Kyushu IPO opens at 3,100 yen www3.nhk.or.jp

Kyushu Railway, or JR Kyushu, has debuted on the Tokyo Stock Exchange, fetching more than its initial offering price.
 
About 30 minutes into Tokyo trading on Tuesday, the share price opened at 3,100 yen. Its initial offering price was 2,600 yen.
 
JR Kyushu's total market value could exceed 400 billion yen, or 3.8 billion dollars. It is likely to be Japan's 2nd largest IPO of the year, following the messaging app provider, LINE, which made its debut in July.
 
JR Kyushu was founded in 1987 when the government privatized the former Japanese National Railways and divided it into regional companies.
 
Most of its train lines are operating in the red.
 
JR Kyushu is trying to create new services to attract tourists. The company is also getting involved in real estate development with station buildings and condominiums.
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Russia & Saudi Arabia agree to stabilize oil market – minister www.rt.com

Moscow and Riyadh have found common ground on a possible agreement with OPEC and a plan to stabilize oil prices after a meeting in the Saudi capital.
 
Russian Energy Minister Alexander Novak met with representatives of Saudi Arabia and other major regional oil producers at the Gulf Cooperation Council (GCC) conference in Riyadh on Sunday. They discussed possible means to stabilize the slumping oil prices, and the parties appeared to come to an agreement.
 
“We discussed questions related to freezing oil production in Russia and other countries that may join in,” Novak wrote on Twitter. “But it’s too early to call specific figures. We still have time until November 30, when OPEC is planning to develop a joint solution.”
 
Novak’s Saudi counterparts also appeared optimistic.
 
“Saudi Arabia has started to play an important role to coordinate between Russia ... and OPEC, specifically the Gulf countries,” Saudi Arabian Energy Minister Khalid al-Falih said at a press conference quoted by Reuters. “We have managed today... through a common meeting to reach a common notion to what we can reach in November.”
 
“Russia is one of the world's biggest oil producers... and is one of the influential parties in the stability of the oil market,” Falih said at the start of the GCC conference.
 
OPEC, or the Organization of Petroleum Exporting Countries, is due to meet on November 30 in Vienna, where it will discuss reducing production to help drive up the price of oil, or at least keep it stable. The fall in oil prices has discouraged investment in the industry and had a negative effect on the global economy, including the Russian economy. At an earlier conference in Algiers, OPEC set a goal of cutting production to 32.5-33 million barrels per day, though the specifics have yet to be ironed out. By getting non-OPEC members on board, the cartel hopes to make their scheme more effective.
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Construction of solar power plant underway in Khongor www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Being carrid out by Solar Power International LLC, the project is going on construction and fabrication phase, which commenced on July 27 of 2016. The project accomplishment is 65 percent.
 
A total of 32,274 solar panels of SHARP have been installed in 289,667 squaremetres of area in Khongor soum of Darkhan-Uul aimag (210 km from Ulaanbaatar). Moreover, a building for SMA Inverter has been built along with the overhead grids to connect the plant to the substation with installed capacity of 110/ KW.
 
The commissioning of the plant is expected on December 15, 2016, reports the Ministry of Energy in the light of the Government’s First 100 Days Framework.
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Russian bonds & ruble gain on expectation Central Bank will hold rates steady www.rt.com

Russian government bonds and currency advanced for the second straight day on investors assuming the central bank will keep the benchmark interest rate unchanged. It’s sparked demand for Russian bonds with the highest emerging markets yields.
 
With ultra-low key rates set by the regulators in Europe, the UK, Japan and the US, Russian government obligations are currently extremely attractive for investors. The rate on 10-year bonds dropped two basis points to 8.34 percent.
 
The ruble advanced 0.3 percent against the US dollar to about 62.19 after Brent crude hit $51.92 a barrel climbing for a second day in row.
 
The national currency along with the Russian assets are also gaining from local tax payments as well as speculation OPEC members will manage to push oil prices up by capping output.
 
The Russian Central Bank is expected to keep the key rate unchanged at 10 percent during this week's meeting. Governor Elvira Nabiullina promised to hold off on rate cuts until next year. The move makes ruble assets appealing as so-called carry trade, when investors borrow where rates are low and invest in higher yielding securities.
 
“The carry trade is pushing both the ruble and the OFZs (10-year bonds) higher as the European Central Bank remains on the easing side and the Fed doesn’t sound hawkish,” said Alexander Losev, CEO at Sputnik Asset Management in Moscow, as quoted by Bloomberg.
 
The analyst predicts the ruble would probably drop 11 percent to 70 to the dollar by the end of the year as the US Federal Reserve may tighten its monetary policy.
 
According to data compiled by Bloomberg, selling dollars to buy rubles has brought investors 28 percent this year, the second-highest return among emerging market currencies.
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British businesses to pay more for Microsoft Office following pound slump www.theguardian.com

Microsoft will increase the prices it charges British businesses by up to 22% to account for the slump in the value of the pound following the EU referendum result, the software company has announced.
 
The new prices, which will come into effect in January 2017, see the amounts expected for locally hosted software increase by 13%, while “most” cloud-hosted services will increase by the full 22%, the company said in a statement. While once programs like Microsoft’s Office suite were installed locally on PCs, in recent years the cloud-based subscription version, Office 365, has become increasingly popular.
 
“We periodically assess the impact of local pricing of our products and services to ensure there is reasonable alignment across the region and this change is an outcome of this assessment,” Microsoft said. “These changes are similar to the recent harmonisation adjustments to pricing in Norwegian krone and Swiss franc we made in April 2016.”
 
Business customers will only see the price changes if they buy directly from Microsoft, but third-party resellers are likely to increase their own prices to match the headline increase.
 
Among the software expected to see a price rise is Microsoft’s Office suite of productivity tools including Word, Powerpoint and Outlook, as well as its Office 365 cloud platform. But the price rise will only apply to new purchases, not ongoing contracts, delaying the blow for many businesses and organisations which currently use Microsoft technology.
 
While Microsoft is one of the first major technology firms to announce such a large price increase for British customers following the collapse of the pound, other businesses have managed to avoid the announcements while still effectively increasing prices.
 
Amazon, for instance, charges all its Amazon Web Services customers prices denominated in US dollars. Although customers, who include Netflix, Spotify and the Guardian, can opt to pay the bills in local currency, the fees are still determined according to the US dollar exchange rate at the end of each billing month.
 
Apple managed to smuggle in a price rise of its own when it announced new iPhones and boosted the storage available on iPads. The new phones cost 11% to 15% more than the devices they were replacing. The cheapest iPhone 6s, for instance, was £539, while its successor is £599. The iPad Air 2 used to start at £349, but now costs £379. Although the new version has more storage, in the US, that increase was offered with no change to the bottom line.
 
Similar increases are expected when the company announces updates to its Mac line of personal computers on 27 October.
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China to invest $11bn in Russia's Lake Baikal tourism www.rt.com

Russian tour operator Grand Baikal has made a deal with Chinese investors to create a "world-class tourism cluster" in Siberia on the shores of the world's deepest lake.
 
A pool of Chinese firms headed by Chungjingxin will invest $11 billion in the project that will include traveler attractions, transport and logistics infrastructure.
 
A memorandum of cooperation, backed by the governor of Siberia's Irkutsk region Sergei Levchenko, was signed last week.
 
A feasibility study is underway before the final agreement.
 
“We are planning to build not only up-to-date tourist attractions, but to create an accompanying transport and far-reaching logistic infrastructure around Lake Baikal to attract a significant number of tourists to the region,” Grand Baikal said.
 
According to the company, an important condition for the project is observing basic ecological standards and environmental laws to protect one of the world's natural wonders.
 
The new tourist hub is expected to be built on the site of a former paper mill in the town of Zabaykalsk. The mill was shut down three years ago, and was the lake's biggest source of pollution.
 
The initiative may jump start social and economic development of the region, according to the statement.
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U.S. calls on automakers to make cyber security a priority www.reuters.com

Automakers should make shielding the electronic and computer systems of vehicles from hackers a priority, developing layers of protection that can secure a vehicle throughout its life, U.S. regulators said on Monday.
 
The cyber security guidelines issued by the U.S. National Highway Traffic Safety Administration are recommendations, not enforceable rules. However, they mark a step toward establishing a road map for industry behavior as lawmakers and consumers pressure automakers to show how they will protect increasingly connected and automated vehicles from cyber attacks.
 
Some of the agency's proposals, included in a paper titled "Cybersecurity Best Practices for Modern Vehicles," echo moves major manufacturers are making already, including establishing a group to share information about cyber security threats.
 
Automakers will carefully review the technical aspects of the agency's proposals as well as proposals related to the disclosure of information about "the secret sauce" of electrical and data systems, which is highly competitive, Jonathan Allen, acting executive director of the Automotive Information Sharing and Analysis Center, said in an interview on Monday. The group, often referred to as the AUTO-ISAC, was established by automakers as a clearinghouse for companies to share information about cyber security threats and countermeasures.
 
Automakers accelerated efforts to address hacking threats over the past year after data security researchers successfully took remote control of a Jeep Cherokee and publicized their feat. Fiat Chrysler Automobiles in July 2015 recalled 1.4 million vehicles to install software to protect against future data breaches.
 
Other automakers, including BMW AG and Tesla Motors Inc, have disclosed actions to fix potential data security gaps.
 
The security of data and communications systems in vehicles is also critical as more auto manufacturers gear up to follow Tesla's lead and begin offering significant vehicle upgrades through wireless data links. The Federal Bureau of Investigation earlier this year warned that criminals could exploit online vehicle software updates.
 
The NHTSA recommends manufacturers conduct tests of vehicle systems to see if the cyber security systems can be breached, and document their testing and their assessment of the risks.
 
Democratic U.S. Senators Ed Markey of Massachusetts and Richard Blumenthal of Connecticut said the NHTSA should do more. “If modern day cars are computers on wheels, we need mandatory standards, not voluntary guidance, to ensure that our vehicles cannot be hacked and lives and information put in danger," the lawmakers said in a statement Monday.
 
The Alliance of Automobile Manufacturers said on Monday the NHTSA guidelines appear to support the steps being taken by the AUTO-ISAC. The Alliance represents General Motors Co, Ford Motor Co and Daimler AG, among others.
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Hanjin shares tumble on closure of Europe business www.bbc.com

 
Shares in embattled South Korean shipper Hanjin have tumbled on Monday after the company said it would close its European business.
The firm said it planned to pull out of more than 10 countries, including its regional headquarters in Germany.
Shares plunged to close 12% lower.
In the industry's biggest bankruptcy to date, Hanjin Shipping filed for receivership in August after creditors refused a restructuring plan for the firm's $5.4bn (£4.4bn) debt.
The company has since been granted legal protection preventing its ships from seizure in various ports including South Korea, the US and Japan.
Hanjin Shipping expects to start the closure process in Europe later this week after obtaining approval from the Seoul Central District Court.
Earlier this month, the company got approval to auction its major assets, including its Asia-US route network, in order to pay back creditors.
Hanjin's bankruptcy is the largest to hit the shipping industry and affected global supply chains.
Before the bankruptcy, Hanjin was the world's seventh-largest container company and had been unprofitable for four of the past five years.
The global economic downturn in recent years has affected profits across the cargo shipping industry.
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