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    

Category

Events

Events

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

NEWS

64x64

China positive on BRICS despite global uncertainty www.rt.com

Chinese President Xi Jinping remains upbeat about the long-term prospects for the BRICS countries of Brazil, Russia, India, China and South Africa despite a precarious global economy.
 
Speaking at the BRICS summit in India, Xi referred to the slowdown in economic growth among the group, saying its potential and strength was "unchanged" due to resources and workforces.
 
The five major emerging economies comprise about half of the world’s population and 30 percent of world economic output. Their share of global trade is around 17 percent.
 
British economist Jim O'Neill who coined the term BRICS, told the BBC he remained confident of the grouping's success. It is "bigger today than even in the most optimistic scenario I thought 15 years ago, and it's primarily because of China," he said.
 
During the eighth annual BRICS summit held over the weekend in the Indian state of Goa, the leaders of the five countries agreed to strengthen cooperation and expand the role of emerging economies.
 
They also decided to accelerate the establishment of a BRICS rating agency.
 
The BRICS’ New Development Bank (NDB) will lend $2.5 billion in 2017, said the bank’s president Kundapur Kamath. Earlier this year, the NDB approved loans of $900 million to green projects in each member state.
 
"We recognize the positive BRICS impact on the overall growth of the global economy after the 2008 financial crisis. The BRICS states are ready to support macroeconomic growth and promote world trade,” Indian Prime Minister Narendra Modi said.
 
In terms of the summit, Russia and India signed a number of multibillion dollar agreements regarding military and economic cooperation, and have officially started the second phase of the Kudankulam nuclear power plant. They also agreed to create an investment fund with a budget of a billion dollars to support 20 selected Russian and Indian projects in infrastructure, construction, and innovation.
...


64x64

RT: NatWest to close Russian channel's UK bank accounts www.bbc.com

NatWest bank is to close the accounts of Russia's state-run broadcaster, RT.
Editor-in-chief Margarita Simonyan tweeted: "They've closed our accounts in Britain. All our accounts. 'The decision is not subject to review.' Praise be to freedom of speech!"
The bank said the decision was "not taken lightly" and that the accounts were "still operative" at present.
An MP from Russia's ruling party has said its parliament will demand an explanation from the UK.
RT says the entire Royal Bank of Scotland (RBS) Group, of which NatWest is part, is refusing to provide its services.
The broadcaster, previously known as Russia Today, says NatWest wrote to its London office saying: "We have recently undertaken a review of your banking arrangements with us and reached the conclusion that we will no longer provide these facilities."
The bank, RT said, had insisted its decision was final and it was "not prepared to enter into any discussion."
A letter posted online by the channel appears to show that the freeze is not in effect yet. It warns that banking facilities will be "cancelled and closed" on 12 December.
RBS said in a statement: "These decisions are not taken lightly. We are reviewing the situation and are contacting the customer to discuss this further. The bank accounts remain open and are still operative."
The UK Treasury said it does not comment on individual cases, but added that no new sanctions or obligations relating to Russia had been imposed on British banks by the government since February 2015.
A spokeswoman for Prime Minister Theresa May said: "It's a matter for the bank, and it's for them to decide who they offer services to based on their own risk appetite."
Reaction in Russia
MP Sergei Zheleznyak, from the ruling United Russia party, told the privately owned Interfax news agency: "We will be demanding an explanation from Britain's official authorities in connection with this situation."
Mr Zheleznyak, who sits on the international affairs committee of the State Duma (parliament's lower house), called NatWest's refusal to offer its banking services "outrageous" and "an infringement of the rights of journalists".
RT chief Ms Simonyan said the closure included the personal accounts of some senior staff working in the UK.
She told Russian state media: "They haven't explained the reasons and I think they can't explain them because there can't be any reasons. We have an absolutely transparent operation there, absolutely transparent funding. There have never been any complaints in this regard at all.
"They have failed to defeat us by simply vilifying us, by picking on our broadcast, so they decided to try the banking flank: 'Try broadcasting when all your accounts have been closed.' Yet we will try."
RT, which is run by the Kremlin, has previously been accused of biased reporting and found in breach of Ofcom regulations.
The UK broadcasting regulator criticised a programme in which RT claimed the BBC had "staged" a chemical weapons attack for a news report on Syria.
Ofcom ruled that parts of the RT programme were "materially misleading".
Russian media outlets have made inroads into the UK recently.
The state-funded Sputnik news agency set up in Edinburgh in August to broadcast live radio programmes from Scotland. It said its goal was "telling the untold" to Scottish and UK audiences, although critics say it will act as a Kremlin mouthpiece.
...


64x64

Russia-India oil deal challenges Saudi supremacy in Asia www.rt.com

The $13 billion sale of India's Essar Oil to Russia's Rosneft and other investors, gives Russia access to the most promising and fastest growing market. The deal also challenges Middle East producers who provide nearly two-thirds of India’s imported energy.
 
The agreement, signed on Saturday, is the biggest foreign acquisition in India. Rosneft is purchasing a 49 percent stake in Essar, with another 49 percent sold to a consortium of the Netherlands-based commodity trading house Trafigura and a Moscow-based private investment company United Capital Partners.
 
India is expected to become the fastest growing oil consumer through 2040, according to the International Energy Agency.
 
The deal includes the sale of nearly 2,700 Essar Oil filling stations and allows Rosneft access to a market of 1.3 billion people which imports 80 percent of its crude requirements.
 
“India will be the most important product-growth market over the next 25 years, making it important to Russia,” said Neil Beveridge, a Hong Kong-based analyst at investment advisory Sanford C. Bernstein & Co.
 
Another critical aspect for Russia was beating out rival suitors from Iran and Saudi Arabia to buy Essar.
 
“This would be in response to Saudi Arabia’s attempts to penetrate the European market, which is dominated by Russian oil,” said Abhishek Kumar, an analyst at InterfaxEnergy’s Global Gas Analytics in London, stressing that the acquisition would bring Russia greater influence in the Asian market.
 
The transaction opens up a “unique synergetic possibilities” for active assets owned by Rosneft, as well as for projected enterprises, said Rosneft CEO Igor Sechin. The takeover offers the potential to expand in the Asia-Pacific region by supplying fuel to Indonesia, Vietnam, the Philippines and Australia, according to Sechin.
 
The Russian oil firm plans to supply ten million tons of Venezuelan crude to Essar’s Vadinar refinery over the next decade. Rosneft and Venezuela’s state-owned Petroleos de Venezuela signed a strategic partnership pact earlier this year.
...


64x64

Tesla, Panasonic to collaborate on solar cells production www.reuters.com

 
Elon Musk's Tesla Motors said it would collaborate with Japan's Panasonic Corp to manufacture solar cells and modules in New York.
 
Under the agreement, which is a non-binding letter of intent, Tesla said it will use the cells and modules in a solar energy system that will work seamlessly with its energy storage products Powerwall and Powerpack.
 
The Japanese company is already working with the U.S. automaker to supply batteries for the Model 3, its first mass-market car.
 
Panasonic is expected to begin production at the Buffalo facility in 2017 and Tesla intends to provide a long-term purchase commitment for those cells, Tesla said in a statement, adding the agreement is contingent on shareholders' approval of its acquisition of SolarCity.
 
Last week Tesla and SolarCity Corp shareholders agreed to vote on the proposed merger on Nov. 17, and the automaker said it would provide plans for the combined company ahead of the vote.
...


64x64

Cyclones off Western Australia could hike iron ore price www.mining.com

Cyclones slamming into Western Australia are nothing new for Australia's iron ore producers, but this summer could be especially stormy in the Southern Hemisphere, according to the Australian Bureau of Meteorology.
 
The bureau forecasts that inclement weather due to "neutral to weak La Niña conditions in the tropical Pacific Ocean and warmer than average ocean temperatures to the north and east of Australia," will mean a higher-than-average number of cyclones for the region. A greater frequency of cyclones generally corresponds to the La Niña weather phenomenon.
 
"Ocean temperatures are currently 1–2 °C warmer than average to the north and east of Australia which is favourable for tropical cyclone development. The Southern Oscillation Index, a measure of the atmospheric component of [the El Niño-Southern Oscillation] (ENSO), has been positive through this period and exceeded La Niña thresholds in the last two weeks of September," the bureau stated in its Australian Tropical Cyclone Outlook for 2016 to 2017, published last week.
 
It predicts Western Australia, which hosts the Pilbara iron ore belt, has a 67% chance of getting more than the average 11 tropical cyclones from November to April. At least two of those cyclones are expected to make landfall, compared to last season, which was the least active on record. A cyclone in January shut down Port Hedland, the world's largest iron ore port. Queensland, a major coal-producing region, will be hit worse. The bureau says the Queensland coast will see up to eight cyclones, though only one or two should reach land.
 
The expected bad weather has Macquarie, an Australian bank, saying that the supply or iron ore and metallurgical coal could be affected.
 
“The first quarter of each year is typically weakest for seaborne supply for both commodities due to wetter weather, and with conditions expected to be more adverse than usual, these markets could stay tighter for longer,” says the bank in a research note quoted by The Australian.
 
In the most recent trading session iron ore was up 20 cents to US$56.80 per tonne, extending gains to five straight sessions.
 
The price of iron ore is up 32% this year and like coking coal the resurgence comes against expectations of further declines as Chinese steelmaking peak after three decades of growth.
 
In 2011 floods in key export region in Queensland saw the coking coal price touch $335 a tonne. The iron ore price peaked in February that same year at $191.50 a tonne.
...


64x64

BMW still strong in Chinese market www.chinadaily.com.cn

BMW Group maintained its No 2 position in the world's largest market with a year-on-year surge in sales approaching 10.6 percent in the first three quarters of this year. It was closely followed by Mercedes-Benz, which achieved a 30 percent rise in sales.
 
The number of BMW and Mini vehicles delivered on the Chinese mainland totaled 49,204 units last month, 19.6 percent more than in the same period last year. The accumulated sales volume in the first three quarters also surged by 10.6 percent, reaching 379,176 units.
 
Sales on the Chinese mainland, BMW Group's largest single market, fueled the group's considerable sales growth.
 
BMW Group's worldwide volume increased in September by a record 10.5 percent after it delivered a total of 237,973 vehicles.
 
The increase helped the company register its best-ever sales figures for a year's first three quarters, with year-to-date sales of 1.75 million units, up 6.2 percent compared with the same period last year.
 
"Our policy of balanced global sales continues to deliver sustainable success and profitability remains our primary focus, " said Ian Robertson, a member of the BMW Group Board of Management with responsibility for Sales and Marketing.
 
"Global demand for our premium models continues to grow in all vehicle classes," Robertson said.
 
The BMW Group unveiled on Oct 11 its Motorrad Vision Next 100 motorcycle, to mark the group's centenary under the motto, "The Next 100 Years".
 
The Motorrad Vision Next 100 aims to deliver an unparalleled riding experience, and its assistance systems anticipate danger and advise riders when action is needed, and intervene to keep them safe in the event of danger. The systems leave riders free to enjoy a pure and uninterrupted riding experience.
 
One of the motorcycle's key features is a self-balancing mechanism, which keeps it balanced, both while it is stationary and in motion.
 
BMW Motorrad's sales continued to grow through September, with a total of 12,215 units sold in the month. Sales in the first nine months of the year increased by 3.2 percent, with a total of 116,044 motorcycles and maxiscooters delivered.
 
Premium market expands
 
Volkswagen's high-end division, Audi, maintained its lead in the Chinese premium car market with an accumulated 440,233 units sold in the first three quarters.
 
The overall expansion rate of the premium car market in China reached roughly 20 percent this year, and its penetration rate touched a historic high in Beijing, Shanghai, Guangzhou and Shenzhen.
 
According to figures from LMC Automotive Consulting, roughly 26 percent of new car sales were comprised of premium models in the four major cities, thanks to the rapid growth of such locally-made entry-level crossovers as the Audi Q3, BMW X1 and Mercedes-Benz GLA.
 
John Zeng, managing director of LMC, told China Daily: "The 26 percent premium car penetration rate in the four cities has overtaken the mature markets in developed countries. Penetration rates are 16 percent on average in Germany, and 14 percent in the United States."
 
He added: "Now the premium market is driven by individual consumption, rather than business purchases, as in the past."
 
However, sales of super cars and sedans plummeted, which affected both the BMW 7 Series and Mercedes-Benz S Class.
 
The year-to-date sales volume of Mercedes-Benz in the Chinese market was only 34,385 units fewer than that of the BMW Group. Mercedes-Benz sold 344,791 units in the Chinese market in the first three quarters of this year, a 30 percent rise on the same period last year.
 
Jia Xinguang, a senior analyst with the China Automobile Dealers Association, said: "Mercedes-Benz's unique strength is in its dealership model, which includes having (leading auto retailer) Lei Shing Hong Ltd as a major seller of its vehicles.
 
"Lei Shing Hong was courageous enough both to invest 1 billion yuan in its training center and to bet everything on Mercedes-Benz."
...


64x64

BRICS to step up economic cooperation www3.nhk.or.jp

The 5 so-called BRICS economies have agreed to step up cooperation in a bid to forge closer business and trade ties.
 
The top leaders of Brazil, Russia, India, China, and South Africa ended a 2-day summit in the southern Indian city of Goa on Sunday.
 
Indian Prime Minister Narendra Modi said in writing that the leaders discussed what the BRICS nations can do to be the driving force for the world economy.
 
They adopted a joint statement which focuses on stepping up economic cooperation, including boosting infrastructure investment in each other's nations. The countries also plan to work together in trade, manufacturing, agriculture, and energy.
 
But the unity among the 5 nations is not quite solid. The Indian economy remains robust, while the rest are losing steam. India and China are divided over nuclear cooperation.
 
Observers have pointed out that the BRICS countries are losing their influence as a group. Their latest agreement on economic cooperation is seen as a way to boost their presence in the international community.
...


64x64

The first 100 days of a government mongolianbusinessdatabase.com sourced from bloombergtv.mn

It is already been 100 days since the new government was established. The government recently approved a new 4-year program. For the first time, the government strategy includes steps on how to overcome economic difficulties in their program. For example, the government continues to urge consumers to buy domestic goods and products in order to support Mongolian producers. Prime Minister Erdenebat also presented his visit to Japan as another step toward supporting local businessmen. Furthermore, foreign relations policy will focus on building production in Mongolia. In addition, the government is intending to support domestic businessmen with tax policies.

Within the last 100 days progress was made in energy sector as well. The closing financing agreement on building a 50 MW wind power plant in Tsogttsetsii, Umnugovi was signed. The project will be financed for a total of 128 million dollars from EBRD, JICA, SB Energy and Newcom. Also, “Solar Power International” is constructing a 10MW solar power plant in Darkhan. The project is currently 65 percent complete and scheduled for completion by the end of the year. Additional power plant and cable network projects to be built aimag centers will be implemented by soft loans from the government of South Korea.

There are currently 68 projects in the energy sector, implementation of these projects will produce 20 times more energy than Mongolian national energy consumption. Currently, by implementing 5 of these projects the amount of produced energy will fully meet domestic demand and reach the maximum exporting volume.

...


64x64

Dubai hosts IT fair for start-ups www3.nhk.or.jp

Dubai, in the United Arab Emirates, is hosting the largest IT fair in the Middle East. This year, hundreds of start-ups are pitching their technologies in a special exhibition.
 
The emirate has a strategy of investing in venture firms and business innovation, to make up for the lack of income from energy resources.
 
The first-ever exhibition for start-ups has drawn 400 firms from 60 countries. Seven are from Japan.
 
One of them is displaying a humanoid robot that can mimic users' facial expressions. Developers said they can also make the robot copy human body movements.
 
Another Japanese venture has drawn attention for its software that can manage highly detailed physical data of athletes. It is already holding business talks with a local firm.
 
An official of JETRO, the Japan External Trade Organization, said Dubai is eager to foster venture firms, and is a promising market for Japanese technology.
...


64x64

Thai economy faces uncertainty after King’s death www.rt.com

The recently deceased King Bhumibol Adulyadej was a guarantee of Thailand’s economic stability, despite weak growth and weak investment. Analysts at Capital Economics have raised concerns the Thai economy may now face some turbulence, but others disagree.
"The highly revered king has been an important unifying figure in the country," said London-based Capital Economics.
 
"The king has helped add some legitimacy to the current military government. Without him, there are a number of times over the past decade where the country could have been plunged into civil war," the analysts added.
 
The 88-year old king ruled Thailand for seven decades.
 
Thailand has been suffering from weak growth and lack of investment. With possible political turmoil on the horizon, the country’s safe haven of tourism may be hit as well.
 
“The lack of investment is undermining the economy's future productive capacity. The bottom line is that it is difficult to be upbeat about Thailand's medium-term outlook until the political picture becomes clearer," analysts said.
 
According to the World Travel and Tourism Council, tourism makes up 10 percent of the Thai economy and employs 5.4 million people.
 
On Friday, however, the Thai baht was strengthening against the dollar, trading 0.38 percent higher. Thailand’s SET index was ailing this week on reports of the king’s worsening condition, got a boost on Friday, up over 4.5 percent.
 
Other analysts say the transition of power in Thailand will be quick and won’t hurt the economy.
 
"We expect the royal succession to designated heir Crown Prince Maha Vajiralongkorn will be stable and that market volatility around the king's death will not be long-lasting," Eurasia Group said.
 
The impact on the investment environment will be "relatively minor" and won’t last more than 100 days of mourning, it added. Thai companies are likely to postpone launches of new projects for the period, according to Eurasia Group.
 
"We have only seen two or three days of net outflows from the local equity and bond markets and the sizes are not very big," said Singapore-based Nordea Markets' chief analyst Amy Yuan Zhuang. She added however the outflows could grow.
 
Although bars could remain closed for a few days, airports will not be shut down, and things will return to normal quite soon, according to an officer at a Western embassy in Bangkok, quoted by Reuters.
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook