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

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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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Minister seeks business cooperation with Russia www3.nhk.or.jp

Japan's trade and industry minister has expressed hope for greater business cooperation with Russia.

Hiroshige Seko is visiting Moscow to explore economic projects with Russia. It's part of the groundwork for a bilateral summit planned in December.

Seko met Russia's Far East development minister, Alexander Galushka, on Friday.

They agreed to jointly study the development of shipping ports, airports, and other infrastructure in the Far East, so the region can become an export base for Asia.

Seko later inspected a model unit of a condominium developed by a Japanese real estate firm in Moscow. He also went into a restaurant of a Japanese "udon" noodle chain.

Japan's Foreign Ministry says 452 Japanese companies are active in Russia, up 50 percent from the figure a decade ago. But officials say some Japanese managers consider the country's complex legal system to be an impediment for business.

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Battered U.S. coal industry hopes for Trump, prepares for Clinton www.reuters.com

Republican presidential nominee Donald Trump has won over the U.S. coal industry by promising to revive the downtrodden sector and scrap regulations if elected.

But the industry has a Plan B if the New York businessman loses to his more green-minded Democratic rival Hillary Clinton on Tuesday: carbon capture and storage, a technology that captures carbon dioxide from burning coal and injects it underground, where many scientists are optimistic it cannot contribute to global warming.

Coal backers see CCS as a politically feasible solution that could help the next president thread the needle between environmentalists and a once-powerful business that is in desperate need of a lifeline. They have been pushing both major party candidates to embrace it.

Staff at the National Enhanced Oil Recovery Initiative held separate teleconferences with the Clinton and Trump campaigns in August on the merits of a bill that would extend and raise tax breaks for coal and other fossil fuel companies doing CCS in oilfields, from $10 per ton of carbon stored to $35 a ton. NEORI is made up of diverse groups ranging from environmental ogranizations to some of the country's largest coal companies.

Weeks after the teleconference, Clinton announced her support for the bipartisan CCS bill. Nearly 20 of 100 senators, including Clinton's vice presidential running mate Tim Kaine, also back it and expect it to gain momentum.

Trump has not given a position on the bill, but a senior policy adviser to Trump's campaign, Dan Kowalski, said he "supports all sources of American energy. This includes clean coal and research into new coal technologies."

"My sense is Clinton recognizes that, especially in certain parts of the country, coal-based energy and other fossil fuels provide some of the highest-paying jobs in our economy,” said Brad Crabtree, of the Great Plains Institute, a policy group that pushes for the deployment technologies to reduce fossil fuel emissions, and the parent organization of NEORI.

Oil drillers have used CCS since the 1970s, pumping carbon dioxide into aging reservoirs to force out remaining crude. Coal advocates want to expand CCS to coal-fueled power plants. But the business is expensive and needs incentives.

TRUMP'S PLEDGE, CLINTON'S PRAGMATISM

Trump's anti-regulation stance has made him a clear favorite of the industry, because it suggests lower costs and risks for major producers like Arch Coal Inc, Peabody Energy Corp, Cloud Peak Energy Inc and Alpha Natural Resources Inc.

The sector has given about $223,000 in support of Trump, compared with none for Clinton, according to a Reuters analysis of contributions over $200 made by several of the biggest coal companies and their employees.

Coal faces a potentially starker future under Clinton. She has promised to build on Democratic President Barack Obama's disputed Clean Power Plan to curb carbon output and suffered political damage earlier this year when she said that by doing so "we're going to put a lot of coal miners and coal companies out of business."

Those jobs are already quickly evaporating.

The industry now employs only about 65,000 miners across states like West Virginia, Pennsylvania, Kentucky and Wyoming, down from around 91,000 in 2011, according to the most recent statistics from the U.S. Department of Energy. The country's top two biggest coal companies, Arch and Peabody Energy, this year filed for bankruptcy.

Neither Trump scrapping federal regulations nor the expanded use of CCS will likely restore the sector, where production last year dropped to the lowest level since 1986, to its previous heights. Coal <NYM/QL> faces a dual headwind of both a global push for cleaner energy such as wind and solar power, and drilling technology that has made its competitor natural gas abundant - and cheap.

Jeff Holmstead, a Republican lobbyist at Bracewell Law, said if Clinton wins, much of coal's fate in coming years could be determined in the first 30 to 60 days. By then it should be known whether she appoints staunch environmentalists at departments including the Environmental Protection Agency and the Department of the Interior.

But he is confident that Clinton would work with industry on CCS and allow "coal to play a role in the future in the U.S. power sector."

Elizabeth Gore, a Democrat who lobbies with Brownstein, Hyatt, Farber and Schreck for a coal-burning cooperative said coal companies must "find the marginal changes they can make to buy themselves some time, to provide more of a soft landing."

(Reporting by Timothy Gardner; Additional reporting by Grant Smith, Valerie Volcovici and Emily Stephenson; Editing by Richard Valdmanis and Lisa Shumaker)

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Industries stepping up responses to Paris accord www3.nhk.or.jp

Japanese industries are trying to respond to the Paris agreement on climate change by developing cutting-edge technologies to reduce greenhouse gases.
 
Steelmaking accounts for about 40 percent of emissions in the industrial sector.
 
Major steelmakers jointly started work on developing a new technology in June that injects hydrogen into high-temperature blast furnaces to react with oxygen in iron ore. Researchers say the goal is to cut emissions by 30 percent.
 
A senior official at Nippon Steel & Sumitomo Metal says steelmakers as major emitters must make all-out efforts to cut CO2.
 
Automakers are also focusing on environmental technologies.
 
A senior official at Fuji Heavy Industries says the firm will place emphasis on plug-in hybrids and electric vehicles.
 
Japan's largest business group, Keidanren, is calling on firms to promote green technologies abroad and lead efforts to stem global warming.
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Oil firms suffer revenue dip www.chinadaily.com.cn

Lower prices and weak demand take toll on global energy producers
 
China's oil and gas giants saw their revenues slump in the July-September period, according to their financial reports, against the backdrop of a suppressed global oil and gas market and lower domestic natural gas prices.
 
The third-quarter reports of China's big three oil firms－China National Petroleum Corp, China National Offshore Oil Corp and China Petrochemical Corp－showed that CNPC's revenue fell by 3.8 percent to 411.4 billion yuan ($60.97 billion), CNOOC by 15.2 percent to 30.75 billion yuan, and Sinopec by 3.1 percent to 472 billion yuan.
 
The drop in revenues for the big three is a direct result of plummeting international oil prices, as well as weak economic growth. So, the glory days of high oil prices have long gone and the downtrend will continue, said analysts.
 
Wang Lu, an Asia-Pacific oil and gas analyst from Bloomberg Intelligence, said cheap oil and lowered gas prices are the major reasons behind the revenue declines of PetroChina, Sinopec and CNOOC.
 
Oil firms have shut down high cost wells, reduced infill drilling and renegotiated contracts to cut costs, said Wang.
 
According to Dong Xiucheng, a professor at the China University of Petroleum in Beijing, while oil companies are struggling when prices are falling, it is an opportunity for them to restructure and reduce costs.
 
Deteriorating business in oil exploration is not all bad, Sinopec has taken advantage of falling oil prices to lower its production costs for the downstream refining business.
 
It reported a sixfold third-quarter profit rise as refining gains helped overcome deepening losses from oil and gas production, while CNOOC and CNPC witnessed declining profits during the past three months.
 
According to Wang, Sinopec's gains in refining, chemicals and marketing more than offset its exploration and production losses. CNOOC is a pure upstream company, so its earnings are most exposed to low oil prices among the three oil majors.
 
PetroChina's refining, marketing and chemical segments are weaker and smaller than Sinopec's, while its exploration and production unit is bigger than Sinopec's. That's why PetroChina had an earnings decline despite improvements in the downstream sector, she said.
 
The State-owned companies are not alone among international peers struggling with plummeting oil and gas prices. Exxon Mobil Corp has recently extended its longest streak of profit declines, while France's Total SA also posted a 25 percent drop in third-quarter profit.
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Alibaba sales and earnings buck the economic trend www.chinadaily.com.cn

Company's fledgling cloud computing unit is star performer
 
Alibaba Group Holding Ltd showed once again that a slowing Chinese economy isn't holding it back.
 
The country's largest operator of internet shopping malls posted sales and earnings that beat analyst estimates as revenue easily outstripped economic growth.
 
Moreover, Alibaba's fledgling cloud computing business more than doubled sales and almost broke even, a significant feat for a capital-intensive business.
 
The results come about a week before Katy Perry kicks off Alibaba's annual Singles Day event (Nov 11), the world's biggest 24-hour shopping promotion and a closely watched barometer of Chinese consumer demand. Alibaba continues to capture a greater share of digital advertising as users shift to mobile devices and marketers spend more money online to reach them.
 
"I don't know if anyone's doing better than Alibaba," said Gil Luria, an analyst at Wedbush Securities Inc, commenting on Chinese internet companies. "They were able to drive growth by expanding beyond e-commerce in mobile browsing, media, cloud and continued to increase their number of ads and the money they charge for it."
 
Revenue rose 55 percent to 34.3 billion yuan ($5.1 billion) in the quarter, surpassing the 33.9 billion-yuan expected by analysts. Alibaba's quarterly sales have now beaten estimates for five straight quarters and have missed only twice since its record IPO in 2014.
 
Shares of Alibaba rose as much as 2.7 percent in early trade on Wednesday. The stock has gained about 24 percent after a 22-percent dive in 2015, when the company grappled with the slowdown and lawsuits accusing it of being slow to remove counterfeits from its websites.
 
While core commerce revenue rose 41 percent to 28.5 billion yuan in the September quarter, the cloud unit was the star performer.
 
The division, which competes with Microsoft Corp and Amazon.com Inc, grew sales by 130 percent and narrowed its loss to 57 million yuan after more than doubling the number of paying customers to 651,000.
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Japan, Russia to boost economic cooperation www3.nhk.or.jp

Japan and Russia have agreed to select about 30 priority projects for economic cooperation.
 
Japan's trade and industry minister Hiroshige Seko and Russia's economic development minister Alexei Ulyukayev signed a joint statement in Moscow on Thursday.
 
They also agreed to pick model cities in Russia to promote urban development. Japan will teach Russian manufacturers ways to improve productivity.
 
The two sides agreed on joint petroleum and natural gas development, the introduction of wind power generation in Russia and to share technology to decommission the reactors at the crippled Fukushima Daiichi nuclear plant.
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Chinese conglomerate Dalian Wanda buys Dick Clark productions for $1bn www.theguardian.com

The Chinese conglomerate Dalian Wanda Group has finalized a $1bn deal to buy Dick Clark Productions, the company announced on Thursday.
 
Dalian Wanda, a real estate and entertainment corporation owned by a billionaire who has aggressively pursued US film companies in recent years, said it had acquired a 100% stake in Dick Clark production “marking Wanda’s entry into the television production industry”.
 
“Obtaining top television production rights brings about complementary and coordinated development for Wanda’s current focuses on the film, tourism, and sports industries,” the Chinese firm said in a statement.
 
The Wanda Group already owns AMC Theaters, which it bought in July for $650m, and the production company Legendary Entertainment, which it bought in January for $3.5bn.
 
Dick Clark Productions is the Chinese conglomerate’s first foray into television, according to the Wanda Group, which noted the firm’s ownership of the Golden Globes, the American Music Awards and the eponymous New Year’s countdown event. The company had fallen from its prominence in decades past, however, when Clark hosted variety shows, such as American Bandstand, to consistently strong ratings.
 
Industry sources told Variety magazine they were surprised by the deal, with two people calling the $1bn sale “nonsensical” and “unreal”.
 
The Chinese firm said the American company’s management “will remain in its entirety” and that Wanda “has signed a long-term operation target agreement with the management”.
 
In late September the Wanda Group’s chairman, Wang Jianlin, drew the attention of 16 members of Congress who questioned the actions of his company, which they said was a “state champion” of Beijing. In October, representatives asked the justice department to review the company’s potential ties to senior members of China’s communist party.
 
Wang has called himself an “angel” investor in struggling US entertainment companies, and said that his pursuit of American companies will help them profit in the huge Chinese market. He has also said that he hopes the group will control 20% of the world’s movie theater seats by 2020, up from the 13% it currently owns in China, the US and Europe, after recent purchases of Odeon and UCI Cinemas. Earlier this year the conglomerate opened a theme park to rival Disney’s new Shanghai attraction, calling its site Wanda World.
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Starbucks looks for China caffeine hit www.bbc.com

Starbucks boss Howard Schultz has said expansion in China will secure its future for "decades to come".
While Starbucks still makes most of its profit in the US, Mr Schultz said its Chinese stores were the most efficient and lucrative.
It comes as the world's largest coffee shop chain said it posted its "most profitable quarter - capping off the most profitable year".
Operating profit rose 16% to $4.2bn (£3.4bn) for the year.
Last month, Starbucks announced plans to more than double its stores in China to 5,000 by 2021.
In the fourth quarter, Starbucks' profit in China and Asia Pacific increased 48% to $192m, helped by the opening of nearly 100 new stores.
However, globally, sales at existing stores rose by only 4% in the quarter, which was lower than the 4.9% rise analysts had expected.
The company said a change in consumer behaviour was partly to blame for the slow down.
In what Mr Schultz described as a "seismic shift in consumer traffic", the popularity of online shopping was keeping people at home and away from main streets or malls.
In Europe, the Middle East and Africa, sales in fact dropped by 1% while in China and Asia Pacific, they were up by the same percentage point.
The company said it operates 25,085 stores in 75 countries worldwide with 690 new ones opened in the last quarter.
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Google fights EU price comparison case www.bbc.com

Google has again rejected the EU's objections to how it displays shopping links in its search results.
It said the investigation following complaints from price comparison websites had failed to understand the "reality" of online shopping.
It blamed a drop in traffic for price comparison sites on Amazon and others.
Europe's competition commissioner first accused the firm of abusing its dominance in search in April 2015 and made further claims in July 2016.
Prominence
Google's shopping results appear as a box of images and links displayed alongside other search results.
In 2015, the EU competition commissioner claimed these results gave prominence to Google's own services and advertisements, to the detriment of price comparison websites, which may have lost visitors.
Google responded that the EU had failed to take into account the significance of online shopping giants such as Amazon, which it said also competed against price comparison websites.
In its updated claim, the EU said Amazon could not be considered a rival to price comparison websites because it sometimes paid such sites to be included in search results.
Google's latest response says websites such as Amazon get a "tiny fraction" of their visitors from price comparison websites, "hardly enough to support the idea that they don't compete" with one another.
It also pointed out that Amazon provides its own price comparison tools for its customers.
"The commission's revised case still rests on a theory that just doesn't fit the reality of how most people shop online," the company said in a blog.
"It's not surprising that when Amazon and other new competitors arrived in European countries, traffic to sites offering only price comparison went down."
The company said it would "look forward" to continuing discussions with the commission.
FairSearch Europe - a lobby group that was one of the complainants against Google - said Google's actions were "anti-consumer".
In a statement, the group said: "We believe it is the European Commission that has the interests of consumers in mind, not a private company that makes money by using its market power to charge high prices to advertisers.
"When consumers look at Google ads they do not get the best, most relevant results. Instead, they get results from advertisers willing to pay Google the most money."
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IEA doubts electric cars will end oil age www.rt.com

The International Energy Agency (IEA) says it’s not likely electric cars could cause oil demand to peak anytime soon.
 
According to the agency’s Executive Director Fatih Birol, it is trucks, aviation and the petrochemical industry that drive oil demand growth, and not cars. “We don’t have major alternatives to oil products there. I don’t buy the argument that electric cars alone will cause a peak in oil demand at least in the short and medium-term,” Birol said at the Energy for Tomorrow conference in Paris.
 
The number of electric vehicles on the roads has risen six fold since 2014, the IEA said. 550,000 new plug-in cars were sold last year. Electric vehicles made up less than one percent of all new cars sold in 2015.
 
Analysts have been warning about the potential threat of electric cars for the oil industry.
 
Fitch Ratings agency said last month if recent technology trends continue the electric car revolution may drive oil into an ‘investor death spiral.’ According to Bloomberg New Energy Finance, the multitrillion dollar ‘big crash’ could start as soon as 2023.
 
Analysts from BHP Billiton called 2017 the year when “the electric car revolution really gets started.” According to them, 140 million cars on the road will be electric by 2035, displacing 2.3 million barrels of oil per day.
 
Oil demand will peak in the 2020s and then the industry will start to shrink, according to Statoil Chief Executive Eldar Saetre.
 
Royal Dutch Shell also forecasts oil demand to peak in as little as five years while renewable energy and disruptive technologies gain traction. “We’ve long been of the opinion that demand will peak before supply,” said Simon Henry, Chief Financial Officer for Shell. “And that peak may be somewhere between 5 and 15 years hence, and it will be driven by efficiency and substitution, more than offsetting the new demand for transport,” he added.
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