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

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IMF backs Albania's draft budget and fiscal package for 2017 www.xinhuanet.com

TIRANA, Nov. 2 (Xinhua) -- Albanian government has reached an agreement with an International Monetary Fund(IMF) mission on the country's 2017 budget and key policies underpinning it, officials from both sides said at a press conference Wednesday.
 
Such an agreement was reached under the condition that Albanian authorities should settle the central government arrears, according to Albanian Finance Minister Arben Ahmetaj and head of the IMF mission Anita Tuladhar.
 
An IMF mission led by Tuladhar visited Tirana between Oct. 20 and Nov. 2, during which they held discussions on Albania's 2017 budget as part of the combined ninth and tenth reviews of Albania's extended fund facility (EFF) arrangement.
 
According to Tuladhar, the country's 2017 budget aims to reach a primary surplus of 0.7 percent of GDP.
 
To achieve its fiscal target, the Albanian government has committed to a fiscal package that includes raising oil-related revenues, tightening tax exemptions, and increasing the coverage and strengthening the collections of property tax, she said at the press conference.
 
The head of the IMF mission also said that the budget allows for moderate public wage and pension increases while containing the wage bill, as a percentage of GDP, to 2016 levels, thus giving the green-light to Albanian government decision to increase wages and pensions.
 
On his part, Albanian finance minister said that the growth of foreign direct investments, structural reform and stabilization of the Albania's main trade partners will be main engines of economic growth for a medium-term.
 
Earlier, IMF released a regular report on Central, Eastern and Southeastern Europe, keeping unchanged the projections of Albania's economic growth at 3.4 percent, whereas for next year the country's economy is expected to go up to 3.7 percent. Enditem
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Coal price rally bypassing US miners www.mining.com

Metallurgical coal's dramatic rise this year have caught most observers by surprise and despite predictions of a consolidation price momentum for the commodity seems only to be building. On Wednesday coking coal added another 2.7% trading at $265.50 a tonne bringing one month gains for the steelmaking raw material to more than 24%.
 
According to data provided by the Steel Index premium Australia hard coking coal prices are up more than three-fold since hitting multi-year lows around $70 a tonne in November last year.
 
While not quite setting such a torrid pace the rise in the price of seaborne prices for coal used in power generation has been just as impressive more than doubling in 2016 to settle at $114.75 a tonne on Tuesday, a near four-year high.
 
The rally in seaborne steam coal prices bypassed US miners entirely. In fact, prices for Central Appalachian coal (Nymex FOB) has continued its long-term downtrend. Trading at $40 a short ton, CAP prices are down 7.7% year to date and averaging more than 11% below 2015.
 
Coal from the Powder River basin, (8,800btu/lb) hasn't fared any better, losing 17% since the start of the year to trade at $9 a short ton this week after dipping as low as $8.25 in September.
 
According to EIA data the US exported a meagre 9 million tonnes of coking and 3.8 million tonnes of steam coal during the second quarter of this year. That's an uptick from the first quarter, but less than half the exports racked up when coal was last trading at today's prices.
 
The seaborne coal rally was also spurred by supply issues after 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. Chinese government stimulus plans which saw steel production and demand for power pick up only added fuel to the fire.
 
A new report by BMI Research suggest the coal rally may be running out of steam and that thermal coal prices will weaken over 2017 due to both stronger coal mine production and weaker demand growth in China. The researcher, a unit of Fitch, expects fourth quarter 2016 levels to represent the peak of thermal coal prices for the next several quarters.
 
China imported 24.3 million tonnes of coal in September, up more than 33% compared to last year according to official customs data. Over the first nine months of the year imports increased 15% to 180 million tonnes compared to the same period in 2015.
 
In 2011 floods in key export region in Queensland saw the coking coal price touch an all-time high $335 a tonne. Steam coal peaked just shy of $140 a tonne in January 2011.
 
 
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Facebook's profits soar as it continues to swallow online advertising market www.theguardian.com

Facebook almost tripled its profits in the third quarter of 2016 as the social media giant took an even larger slice of the online advertising market. The company reported a 59% year-over-year increase in advertising revenue on Wednesday. Net income for the three months ending 30 September rose to $2.38bn from $896m a year earlier.
 
The jump in profits and revenues comes as traditional publishers are hemorrhaging advertising dollars and announcing cutbacks. News groups including the Daily Mail, the Guardian, New York Times and Wall Street Journal have all announced layoffs in recent weeks.
 
The US election was partly responsible for Facebook’s gains. “Facebook is the new town hall and we are proud of the role that we’ve played in increasing civic engagement,” chief executive officer Mark Zuckerberg told investors during the company’s evening conference call.
 
The company also increased its dominance in mobile advertising. Mobile phones delivered 84% of the ads, up from 78% last year, or revenue of $5.7bn over 90 days. The entire digital ad market for 2016 is estimated at $67.1bn by analytics firm eMarketer. The company’s user base has climbed to 1.79bn monthly active users and 1.18bn who log in at least once a day.
 
The good news came despite some mishaps for the company over the quarter. Facebook has been criticized for the way it handles political discussion, first for obscuring the way human editors managed its Trending module, and then for the way its subsequent algorithm-only curation has promoted fake stories.
 
In September it was revealed that the company had been overestimating video views by between 60% and 80%, a story first published by the Wall Street Journal.
 
More recently, Facebook has come under fire from members of the US Congressional Black Caucus over racial discrimination in Facebook’s housing ads. The lawmakers, including officers GK Butterfield and Yvette Clarke, say racialized ad targeting using Facebook’s “ethnic identities” feature to exclude people from seeing ads by race violates anti-redlining laws including the Fair Housing Act of 1968.
 
 
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Twenty-First Century Fox beats Wall Street expectations www.reuters.com

Twenty-First Century Fox Inc (FOXA.O) reported first-quarter profits on Wednesday that beat Wall Street's expectations, as the company's cable channels and box office saw a boost in revenues.
 
Fox, which is home to Fox News Channel and FX, saw its cable division revenue rise nearly 10 percent to $3.81 billion in the first quarter, accounting for more than half of total revenue.
 
James Murdoch, chief executive officer at Fox, told analysts on a call Wednesday that he expects Fox's strong ratings during the presidential election campaign to help drive affiliate fees as it has some "significant renewals" approaching.
 
Fox News is the most watched cable news network and has maintained strong ratings in the wake of the high-profile departure of its former CEO Roger Ailes.
 
The company is not planning any changes to the network's strategy, Murdoch said on the call.
 
Revenues for its film division, buoyed by last summer's hits, "Independence Day: Resurgence" and "X-Men: Apocalypse" increased 6.8 percent in the quarter ended Sept. 30.
 
Fox does not feel any pressure to make a big acquisition despite the planned acquisition by telecommunications provider AT&T Inc (T.N) of Time Warner Inc (TWX.N), Murdoch told analysts on the call. Fox had made a bid for Time Warner in 2014, only to be rebuffed.
 
"There isn't a heightened appetite for inorganic activities," Murdoch told analysts. "We really try to be very disciplined about this."
 
Similarly, Murdoch said the company is not feeling pressure to come out with its own over-the-top video streaming service like so many of its competitors have. Fox is a part owner of Hulu and has distribution agreements with many over-the-top providers.
 
The Rupert Murdoch-controlled company's shares were flat in after-hours trading on Wednesday.
 
The company's total revenue increased to $6.51 billion from $6.08 billion.
 
Analysts on average were expecting revenue of $6.49 billion, according to Thomson Reuters I/B/E/S.
 
Net income attributable to shareholders rose to $821 million, or 44 cents per share, from $675 million, or 34 cents per share.
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Russia & China reveal their alternative to Airbus & Boeing www.rt.com

A mock-up of a wide-body passenger aircraft jointly being developed by Moscow and Beijing has been presented at Airshow China. The new plane is expected to challenge the Airbus-Boeing duopoly.
 
Manufacturers Russia’s United Aircraft Corporation and Commercial Aircraft Corporation of China (COMAC) have announced the start of the search for suppliers. They didn’t provide any details on financing or technical specification.
 
"We will choose suppliers who have rich experience in development, whose products are competitive globally, and who can continually guarantee quality from the development stage until the planes go into operation," Guo Bozhi, general manager of COMAC's wide-body department told Reuters.
 
US firms Honeywell and United Technologies Corporation have reportedly discussed the jet with COMAC officials at the air show.
 
The Russia-China joint venture will start this year, according to Guo. The firms plan a maiden flight in 2022 and deliveries to begin in 2025 or later.
 
"A wide-body jet is an extremely complicated product, which will require a lot of skills (to develop) and require broad industrial knowledge," Guo told reporters. "China and Russia each have their own advantages."
 
The memorandum on the creation of a new airliner was signed in 2014 during President Vladimir Putin’s visit to China. It is part of a $13 billion aviation cooperation deal.
 
The basic version of the aircraft will have 250-280 seats and a range of 12,000 kilometers.
 
The plane will be developed in Russia and assembled in China. It will be based on the Russian-designed IL-96, and will have two engines instead of four.
 
Russian Deputy Prime Minister Dmitry Rogozin said in June the construction of a heavy-lift aircraft engine for the plane has already started.
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Alibaba generates more revenue than Amazon and eBay combined www.rt.com

Chinese e-commerce giant Alibaba has blown away earnings expectations in the quarter ending September 30. Revenues increased 55 percent to 34.29 billion yuan ($5 billion), more than Amazon and eBay combined.
 
“We reported robust revenue growth of 55 percent this quarter, with strong growth in each of our four reporting segments,” said Maggie Wu, Chief Financial Officer of Alibaba Group.
 
“Our highly profitable and cash flow generative core commerce business enables us to invest in our future growth areas of cloud computing, digital media and entertainment and innovation initiatives. We expect each of these businesses to drive long-term value for both our customers and shareholders,” she said.
 
Alibaba’s revenue of 34.29 billion yuan (about $5 billion) in the three months through September beat the average estimate of 33.9 billion yuan from 24 analysts polled by Thomson Reuters.
 
Revenue from the company's core e-commerce business grew 41 percent over the year before to 28.49 billion yuan ($4.2 billion), driven by sales in China.
 
Net income slid to 7.1 billion yuan ($1.05 billion) from 22.7 billion yuan ($3.35 billion). Alibaba pegged the fall on a large one-time item.
 
"Beyond the strong performance of our core commerce business, we are pleased with the continued rapid growth of our cloud computing business," said Daniel Zhang, CEO of Alibaba Group.
 
Alibaba’s media and digital entertainment business, which was consolidated under a new entity on Monday, saw revenues rise 302 percent year on year, mostly due to the consolidation of Youku Tudou, the local alternative to YouTube, which is blocked in China.
 
The company’s report comes just days before China’s Singles’ Day on November 11, the world's biggest online shopping event, which is 10 times bigger than US Cyber Monday. Last year, Alibaba earned a world record breaking 91.2 billion yuan ($14.32 billion) during the day.
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Volvo, Geely share car plant www.chinadaily.com.cn

Volvo, Geely share car plant Two automakers will soon start producing vehicles at their joint Taizhou factory
 
Swedish carmaker Volvo announced on Wednesday a series of moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co－a tie-up that's shaping up to show that China can make a success of buying consumer brands.
 
The two firms will soon start producing cars at a joint assembly plant in Taizhou, Zhejiang province, Volvo said in a statement.
 
The Taizhou plant, operated by Volvo and expected to be up and running in the current quarter, will produce compact cars based on an "advanced" vehicle architecture the two companies have jointly developed in Sweden.
 
Both Volvo and Geely are expected to produce small cars at the plant based on that compact modular architecture platform－for both domestic and export markets.
 
Volvo began exporting its China-made cars last year, shipping its S60 Inscription to the United States.
 
The automaker is also expected to unveil two stretched variants of its recently launched large S90 premium sedan, including the S90 Excellence. Volvo will build both S90 variants at its assembly plant in Daqing in northeastern China, for sale in China and abroad.
 
The Taizhou plant will be Volvo's third assembly site in China, along with Daqing and one in Chengdu in southwestern China.
 
Geely raised auto industry eyebrows when it bought Volvo for $1.8 billion six years ago. Few saw any obvious synergies in marrying a premium Western marque with a Chinese entry brand.
 
But the two appear to be making it work.
 
Volvo increased its third-quarter sales in both China and the US by more than one-fifth, and July-September operating profit jumped 62 percent to 2.07 billion Swedish Kronas ($232.5 million).
 
Geely sold more than half a million cars last year, up 22 percent, and sales in the first nine months of this year were already at nearly 460,000 cars.
 
"Moving production from Sweden to China, and sharing manufacturing processes and components has been a positive for both Geely and Volvo from a cost savings perspective," said James Chao, Asia-Pacific chief for consulting and research firm IHS Markit Automotive.
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YouTube's seven-year stand-off ends www.bbc.com

 
YouTube has resolved a long-running dispute that prevented many of its clips being accessible in Germany.
The Google-owned video service had been at odds with Gema - a German rights body representing musicians, composers and publishers - since 2009.
The disagreement had affected clips in which the artists appeared as well as those that used their songs in the background.
Payments will now be made, but neither side has disclosed the terms.
Google's Content ID system means that clips flagged as containing Gema-protected tracks can now have adverts automatically added to them to recompense the songs' creators.
And red banners that had prevented thousands of YouTube's clips from playing in Germany have now been removed as a consequence.
"This is a win for music artists around the world, enabling them to reach new and existing fans in Germany... and for YouTube users in Germany, who will no longer see a blocking message on music content," blogged YouTube's head of international music partnerships, Christophe Muller.
Gema said there remained disagreement about whether YouTube or the person uploading a clip was ultimately responsible for licensing the music it contained but the new agreement still marked a "milestone"
"We remained true to our position that authors should also get a fair remuneration in the digital age, despite the resistance we met," said its chief executive, Harald Heker.
One industry watcher said it was a "significant" that the matter had been resolved.
"Gema had been a long-term holdout on and critic of YouTube, hitting out at the video site even when many record companies were supportive of it," said Chris Cooke, director of Unlimited Media.
"It has meant YouTube is not the music hub in Germany that it is elsewhere, which has hindered newer artists looking to use it as a marketing channel.
"Though it has to be said in the last couple of years most labels have also become critical of YouTube, the way it operates and the royalties it pays compared to, say, Spotify or Apple Music, even though they continue to work with the service.
"It will be interesting to know quite what deal Gema has secured and how its songwriter members feel about it."
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Next sees sales fall again in 'difficult' quarter www.bbc.com

 
Retailer Next has blamed heavy discounting and tough comparisons to its performance last year for a sharp drop in sales in the third quarter.
Sales at its High Street stores fell 5.9% in the three months to the end of October, while sales at its Next Directory online division were flat.
It now expects full-year sales to be between 1.75% lower and 1.25% higher than the previous year.
It said this was "marginally lower" than the guidance it gave in May.
It is the fourth time this year that Next has downgraded its annual sales guidance.
However, it said that cost savings meant its central profit forecast for the full year remained unchanged at £805m.
The chain, which has more than 500 stores, warned in September that the third quarter would be "difficult".
At the time, chief executive Lord Wolfson blamed "economic and cyclical factors working against us" and said the unusually warm September had meant no one was buying winter clothes.
In the year so far, Next said, sale items had outsold full-price items, helping total sales to increase slightly. However, it said the number of items sold at full price was down 1.5%.
Next, once one of the strongest performers on the High Street, has seen its shares fall by more than a third this year.
Official statistics, published last month, showed weak sales of food, footwear and clothing in September, with the amount of goods people bought flat compared with August.
Richard Lim, chief executive of research firm Retail Economics, said the figures from Next confirmed "underlying conditions on the High Street remain desperate for clothing and footwear retailers".
"The beginning of the autumn/winter season was plagued by unseasonably warm weather, which has decimated sales growth across the sector.
"Retailers are facing rising costs resulting from the collapse in sterling, higher wages through the implementation of the National Living Wage and rising rates which will all bear down on profitability. The outlook looks very challenging indeed," he added.
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Yum China kicks off trading in New York www.chinadaily.com.cn

Yum China Holdings Inc, a separate company carved out from Yum Brands Inc that started trading in New York on Tuesday, said it will continue focusing on direct operating business model in China, rather than franchising.
 
Yum Brands announced it was separating its China operations last October, and the spinoff from Yum Brands completed on Oct 31, with Yum China listed on the New York Stock Exchange.
 
In China, most of its restaurants are directly operated by Yum China while most are franchised in other countries.
 
Micky Pant, chief executive officer of Yum China said expanding taco restaurant Taco Bell and lamb hot pot restaurant Little Sheep will drive the growth of Yum China in the next few years.
 
Yum China is going to triple its current number of restaurants from more than 7000 to around 20,000 across China in the next few years.
 
Yum China has received $460 million strategic investment including $410 million from Primavera Capital and $50 million from Ant Financial. Fred Hu, a veteran in investment banking becomes non-executive Chairman of Yum China.
 
As an independent company, Yum China will continue to focus on direct operations other than franchising, to better leverage its expertise and resources gathered over the past decades, including knowledge, talent and supply chain, to better ensure food safety and successful operation. More than 90 percent of Yum China restaurants will be operated and owned directly by the company, said Pant.
 
Analysts said that the food and beverage sector will see great opportunities for growth amid fast urbanization with surging number of shopping malls, but competition will also become fiercer.
 
Xue Yuhu, an analyst with Founder Securities, said: "Increasingly-savvy consumers will demand innovative and creative products that meet fast-changing interests."
 
"Strong capacities in research and development, management of the supply chain and cost management are keys for fast food chains to survive and thrive," said a research note from Galaxies Securities.
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