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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Bank of Japan policymakers signal higher threshold for further easing www.reuters.com

Bank of Japan policymakers kept to their pledge to expand stimulus but only to protect the economy from external shocks, signaling that the threshold for further easing has been raised after last month's policy revamp.
 
BOJ Governor Haruhiko Kuroda made no direct reference of the need to achieve his inflation target quickly when he reiterated his readiness to cut interest rates or expand asset buying.
 
"We are prepared to ease policy again, including lowering short-term rates, if we judge that the merits outweigh the costs," Kuroda told parliament on Wednesday.
 
Yutaka Harada, who has been among the most vocal advocates of aggressive money printing on the nine-member board, also said the BOJ would ease if "sudden changes in the global economy" threatened the price target.
 
Before last month's change in policy framework, BOJ officials have said they would not hesitate to ease if it would hasten achievement of their elusive price growth target.
 
"It is clear from the change in the policy framework that the BOJ has essentially given up on a quick victory in achieving 2 percent inflation," said Hiroshi Shiraishi, senior economist at BNP Paribas Securities.
 
"The BOJ will not be proactively easing policy to achieve 2 percent inflation quickly. It is moving toward a more flexible inflation target," he said.
 
The comments by Kuroda and Harada came ahead of the BOJ's next review on Oct. 30-Nov. 1, when it may again push back the timing for achieving its price target in a quarterly review of its forecasts.
 
Only a handful of analysts polled by Reuters predicted the BOJ would ease at the next review, while about 70 percent said it would act next year.
 
The BOJ last month switched its policy to target interest rates and away from expanding the monetary base - or the pace of money printing - after years of massive asset purchases failed to jolt the economy out of decades-long stagnation.
 
Analysts say the move aimed to change the BOJ's framework into one suited for a long-term battle to hit its 2 percent inflation target. Kuroda has acknowledged it will take some time to hit the goal.
 
The BOJ maintained a loose pledge to keep the size of its balance sheet roughly unchanged even after shifting to a rate target, reflecting the views of board members such as Harada who insist aggressive money printing was key to ending deflation.
 
Harada, who voted for last month's policy make-over, said the BOJ's pledge to maintain its huge monetary base remained crucial in raising inflation expectations in the long run.
 
The BOJ's holdings of government bonds comprised just 30 percent of Japan's public debt, leaving room for additional purchases by the central bank, he said in a speech to business leaders in the central Japan prefecture of Nagano.
 
"Japan is quite distant from reaching the limits of monetary easing," he said.
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Australia Sells A$7.6 Billion of 30-Year Bonds in Record Deal www.bloomberg.com

Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in its first ever offering of 30-year bonds.
The new March 2047 securities were priced to yield 3.27 percent, the Australian Office of Financial Management said in a statement. That equated to 101.5 basis points more than the 10-year bond future. The bank-managed transaction further extends the nation’s yield curve following the AOFM’s sale of 2039 bonds a year ago.
Start your day with what’s moving markets.
The government’s borrowing needs have blown out as lower commodity prices and reduced mining investment sapped government revenues, while the authorities have also struggled to rein in spending. The country is in the midst of its longest stretch of budget deficits since at least 1970 and expectations for a return to surplus have been repeatedly pushed back. The face value of the government debt pile at the end of last week was A$443 billion and budget estimates have it climbing to almost A$500 billion by the end of June 2017.
“I think many investors -- including us -- were very interested, as the bond is very cheap,” Ben Alexander, who helps oversee A$6.2 billion as principal at Ardea Investment Management in Sydney, said before the AOFM pricing announcement. “The market has really made room for the issue.”
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Coking coal, iron ore prices resume surge www.mining.com

The rise in the price of coking coal shows no signs of running out of steam with the Australian export benchmark price climbing again as Chinese traders return from a weeklong holiday with renewed confidence in the the health of the world's second largest economy.
 
Metallurgical coal was exchanging hands at $218.10 on Tuesday, up $4.70 since the start of the week according to data provided by Steel Index. Steelmaking coal prices are up nearly three-fold since hitting multi-year lows in November last year.
 
Coking coal, iron ore prices resume surgeCoal used in power generation has also experienced an unexpected jump this year with seaborne prices for thermal coal up more than two-thirds since the start of the year to exchange hands for just over $84 a tonne on Monday, up 8% since the start of October.
 
The rally was triggered by 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. Safety closures and weather related supply curbs in China and Australia only added fuel to the fire.
 
Iron ore also enjoyed renewed interest adding nearly 4% this week to trade at $56.50 a tonne on Tuesday. 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. Despite iron ore rally, the iron ore/coking coal ratio is now at its lowest level this century after peaking at 1.2x during 2010.
 
 
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Self-driving car tested for first time in UK in Milton Keynes www.theguardian.com

A driverless car has been tested for the first time on UK streets in the latest development in self-driving technology in Britain.
 
The trial saw a two-seater LUTZ Pathfinder travel 1.25 miles (2km) through pedestrianised areas of Milton Keynes, reaching speeds of up to 15mph while having to cope with walkers and cyclists for the first time. A driver was on board to take over in case of emergency.
 
The cars, built by Transport Systems Catapult (TSC), used virtual maps of the Buckinghamshire town to navigate the area around the train station and business district.
 
Google and Uber have tested autonomous vehicles on American roads, but previous UK trials have involved a human manually operating the vehicle.
 
Although fully automated cars are not expected to be in use in the UK for about 10 years, the government is keen to ensure that Britain is at the forefront of developing driverless technology.
 
Earlier this year, ministers launched a consultation on changes to motor insurance rules and the highway code. This is aimed at allowing self-driving cars to be on the roads by 2020.
 
The business secretary, Greg Clark, said: “The global market for autonomous vehicles presents huge opportunities for our automotive and technology firms.
 
“The research that underpins the technology and software will have applications way beyond autonomous vehicles.”
 
A computer on board the vehicle senses the surrounding environment with cameras and lidar, a similar system to radar that uses light from a laser, to avoid accidents.
 
The demonstration marks the end of 18 months of development by TSC, a not-for-profit research organisation funded by a combination of public money and private sector investment.
 
TSC said the Milton Keynes trial had been a success and the vehicles had operated as expected.
 
The test was also designed to gauge the public reaction to the technology and begin work on the regulatory architecture that will govern autonomous vehicles.
 
TSC said it had worked with Milton Keynes council on safety planning and hoped that the trial showed driverless vehicles could be used for transportation in other towns.
 
“Driverless vehicles are coming to Britain and what we have demonstrated today is a huge step on that journey,” said Neil Fulton, the TSC programme director.
 
He said successful tests in Milton Keynes would pave the way for further research and trials participated in by UK universities and small businesses.
 
The software in charge of the vehicle, Selenium, was developed by scientists, mathematicians and engineers from the Oxford Robotics Institute, through a company called Oxbotica.
 
Driverless car tests have had mixed results in the US, where the technology is further developed than in the UK.
 
Uber has raced ahead of its competitors, deploying Ford Fusions in Pittsburgh, Pennsylvania, which do not require hands on the wheel, as part of the company’s regular taxi service.
 
It is also developing a driverless car in partnership with Swedish carmaker Volvo.
 
But electric car company Tesla raised concerns about the implications of driverless vehicles in May, after one of its cars using autopilot mode was involved in a fatal crash.
 
Last month, a Google self-driving car collided with another vehicle after the latter ran through a red light.
 
Ministers want the UK to be a world leader in the driverless vehicle market, which could be worth £900bn by 2025, according to a KPMG study.
 
In the budget in March, the then chancellor George Osborne said self-driving cars could be tested on British motorways next year.
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Apple's iPhone 7 allegedly explodes in China www.chinadaily.com.cn

While the explosion of Samsung Galaxy Note 7 is not far behind us, a video of an iPhone 7 exploding in China surfaced online on Monday, The Paper reports.
 
In the video, a man from Zhengzhou, central China's Henan province, said that his rose-gold iPhone 7 suddenly exploded as he was shooting a video with it last week. The phone exploded into two parts and left his hands swollen and his face with some injuries.
 
Unlike the Galaxy Note 7's explosion, which smoked excessively after burning, this iPhone 7 exploded leaving no burn marks, and the battery remained in good condition.
 
Apple China reported the incident to its headquarters, says The Paper.
 
This is the first known iPhone 7 explosion in China, but it was not an isolated incident within the world. An iPhone 6 Plus in California, US, exploded with black smoke as it was charged and the phone was completely, the ABC News reported.
 
Earlier this week, an iPhone 6 Plus belonging to Darina Hlavaty, an American student, burned suddenly during a class, leaving a burnt hole in her jeans.
 
For now, there is no evidence that these are isolated incidents and will not happen again. Apple Inc has not disclosed the measures it will take to resolve this issue.
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Samsung shares slide further after Note 7 crisis www.bbc.com

Shares in Samsung fell further on Wednesday after the smartphone maker said it would scrap production of its flagship Note 7 model.
Shares fell 3% at the open, adding to Tuesday's 8% fall.
The company has seen more than $20bn wiped off its market value in two days.
The Note 7 was recalled over exploding batteries in September but as new phones showed the same problems, the South Korean firm has now scrapped the device entirely.
The drop in shares marks a one-month low for Samsung as concerns grew that the current crisis will go beyond the costs of the recall and affect the brand's overall reputation.
Analysts are suggesting the Note 7 crisis could cost Samsung in the long run, particularly coming just as rivals, including Google and Apple, have announced new high-end smartphones.
The Note 7 had been seen as the main rival to Apple's new iPhone 7 model. Samsung's woes have sent Apple's shares to a 10-month high.
In September, Samsung recalled around 2.5 million phones after complaints of exploding batteries.
It later insisted that all replaced devices were safe. However, that was followed by reports that those phones were catching fire too.
But on Tuesday, the company said it would permanently cease production of the device and urged owners to turn it off.
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WHO: Sugary drink tax reduces obesity, diabetes www3.nhk.or.jp

A World Health Organization report says taxing sugary drinks can help to reduce the risk of obesity and diabetes.
 
The report released on Tuesday was compiled by a WHO group that studies policies to prevent non-communicable diseases.
 
The study says the consumption of sugary drinks and other similar products is a major factor behind the rise in the number of people suffering from obesity and diabetes. The WHO says about 500 million people aged 18 or older are obese and over 400 million have diabetes.
 
It says an increase of at least 20 percent in the retail price of such products can encourage people to significantly reduce their consumption.
 
The report says a tax would have the greatest positive effect on the health of young people and those on low incomes.
 
It adds that a tax on sugary drinks can reduce people's suffering, save lives and cut healthcare costs.
 
Mexico has already introduced a tax on non-alcoholic beverages with added sugar. Britain, the Philippines and South Africa are considering taxes on sugary drinks.
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Saudi Arabia to slash capital spending by 71% www.rt.com

With the largest budget shortfall among the world’s 20 biggest economies, Saudi Arabia is planning more austerity measures this year. The kingdom will scrap projects worth more than $20 billion as it comes to terms with cheaper oil.
 
According to the Saudi government’s bond prospectus obtained by Bloomberg, capital expenditure is expected to fall to $20.6 billion (75.8 billion riyals) this year compared with $70.2 billion (263.7 billion riyals) in 2015. Two years ago, the country’s capital spending was $98.6 billion (370 billion riyals).
 
“I would’ve liked to have seen more cuts to current spending rather than focusing almost entirely on capital expenditure,” said Khatija Haque, head of Middle East and North Africa research at Emirates NBD. She added “in the short-term, the impact will be slower growth” as government spending and investment is reduced.
 
Saudi officials have suspended bonuses and reduced allowances for government employees, and a 20 percent cut to ministers’ salaries. As a result of the cuts spending will decline to $155 billion (581.2 billion riyals) from $190 billion (714.4 billion riyals).
 
The kingdom’s growth will likely slow to 0.6 percent this year from 3.4 percent in 2015, according to HSBC Holdings.
 
In the summer, Riyadh unveiled a plan for the post-oil era in a move to reshape the kingdom’s economy. As part of the initiative, the country plans to triple non-oil revenue and cut public sector wages and subsidies by 2020.
 
Under the new program, Riyadh intends to boost non-oil revenues to $141 billion (530 billion riyals) within four years, from current $43.5 billion (163.5 billion riyals).
 
The crude price fall has had a significant impact on the kingdom’s economy as oil sales account for almost 90 percent of the country’s earnings. Saudi Arabia is suffering a record budget deficit which is estimated at $87 billion this year. According to government projections, it will decline to 13.5 percent of GDP this year from 15 percent in 2015.
 
This week Saudi officials are meeting with investors on the country’s first international bond issue aimed at strengthening the strained finances. The offering is expected to exceed $10 billion.
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Italy withdraws Rome 2024 Olympic Games bid www.bbc.com

Italy's Olympic Committee has officially withdrawn its bid to stage the 2024 Games in Rome after the city council voted to oppose the candidacy.
Rome's Mayor Virginia Raggi from the populist Five Star party had said the city had to prioritise matters such as rubbish collection and corruption.
It means only Paris, Los Angeles and Budapest are left in the running after Boston and Hamburg also abandoned bids.
The International Olympic Committee is due to make a decision next September.
Committee chief Giovanni Malago said the decision meant Italy had been "made to look like fools" and would miss out on investment.

However, the Five Star party had repeatedly said it opposed bidding for the Games before winning control of Rome in June.
The Italian government had supported the bid and the broader Rome municipality, which includes many other small town councils, had indicated it would support the bid to overcome Five Star's opposition.
But Mr Malago said he would not go ahead without the main city council's backing.
Rome also applied to host the 2020 Olympics but pulled out of that race in 2012 because then prime minister Mario Monti feared Italy could not afford it.

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Global energy gathering "very positive" for oil price stability: Venezuelan official www.xinhuanet.com

CARACAS, Oct. 10 (Xinhua) -- Venezuela's Minister of Communication and Information Ernesto Villegas on Monday described a global gathering of oil producing countries as "very positive" towards stabilizing volatile crude prices.
 
Following the opening day of the 23rd World Energy Congress this Sunday in Istanbul, Turkey, Villegas told state-run VTV "it has been a very positive working day," which should lead to "fair, realistic and stable prices."
 
Venezuela's heavily oil-dependent economy has been teetering since the price of crude nosedived in 2014, falling from more than 100 U.S. dollars a barrel to around 20 U.S. dollars.
 
In a phone-in interview from Turkey, Villegas said members of the Organization of Petroleum Exporting Countries (OPEC) and other energy producers were expected to reach an agreement to steady prices by the end of the congress this Thursday.
 
Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan, as well as other leaders from both OPEC and non-OPEC countries, concurred "on the need to stabilize the market," said Villegas.
 
Putin's "decisive" remarks on the matter "indicate the international markets are going to see (crude demand) a greater price and stability, but above all a greater price. That is very important for all our countries," said Villegas.
 
In a speech to the congress, Venezuelan President Nicolas Maduro called for the creation of "new mechanisms" to shore up prices, and proposed a 10-year plan to expand and stabilize the world oil market.
 
"The oil prices we have had are the lowest in 40 years," said Maduro, adding they were "unsustainable."
 
At the same time, Venezuela would also work to diversify its energy sources, said Maduro.
 
"We must guarantee new sources of financing and access to new technologies to create energy via the sun, wind, water and nuclear energy ... for peaceful purposes," said Maduro.
 
OPEC nations agreed at a gathering Sept. 28 in Algeria to set an output ceiling of 32.5 million barrels per day for 2017, slightly less than the current 33.24 million barrels.
 
Venezuela hopes the agreement is ratified at OPEC's upcoming meeting in Vienna, Austria on Nov. 30, where the group will decide on the output quotas for each member nation.
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