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

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

NEWS

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125 Decisions Restraining Investors to be Invalidated www.mongolianbusinessdatabase.com sourced from montsame.mn

The Investors Promotion Working group reported today that 125 decisions restraining investors are going to be rescinded. The working group is headed by the Minister of Justice and Internal Affairs and was established by an order of the Prime Minister. After a through review of existing decisions, the ministry identified 78 decisions from Ministers, 12 decisions from heads of agencies, and 10 decisions from provincial governors for review. The Ministry of Justice and Internal affairs submitted a proposal to immediately invalidate 86 of these decisions and to submit an additional 14 decisions to review by the relevant authorities. Furthermore, decisions inconsistent to general and other laws were identified and invalidated. The proposal to delist these decisions was sent to the Ministry of Mining and Heavy Industry, the Ministry of Road, Transportation, Construction and Urban Development, as well as to the Ministry of Health in official form from the Minister of Justice and Internal Affairs.

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Good tourists to improve China's image abroad www.chinadaily.com.cn

China has launched a program to promote stories of well-behaved outbound Chinese tourists in an effort to improve overseas images of Chinese world travelers.
The search for "Good Chinese Tourists", hosted by the China National Tourism Administration, China's leading online travel agency Ctrip and the country's first national English newspaper China Daily, launched in Beijing on Tuesday.
 
China's tourism industry, which has seen rapid growth, has become an influencing force in the world, Wang Xiaofeng, vice chairman of the China National Tourism Administration said.
 
Statistics show that more than 59 million Chinese took overseas trips in the first half of this year. And it is predicted that the number of outbound travelers will surpass 600 million in the next five years.
 
"The behavior of Chinese [outbound] tourists is one of the important parameters to gauge the national soft power," Wang said, adding that to discover and praise good behavior and promote the stories of Chinese tourists could set a shining example for other Chinese tourists.
 
Qu Yingpu, deputy editor-in-chief of China Daily pointed out that tourism is about the transmission of cultural messages in the sense of communication.
 
"Each Chinese outbound tourist's acts will exert intangible influence on China's image in the minds of people in other countries," Qu said.
 
Qu hopes that every selected person in the "Good Chinese Tourists" program could become the ambassador of China and its culture, who can also be the best storyteller of China.
 
"Ctrip pays much attention to what role Chinese outbound tourists can play in spreading civilization and enhancing friendship," said Chen Zhenyu, representative from Ctrip and CEO of Qunar. Ctrip holds 45 percent of the stock of Qunar, another online travel agency.
 
"The Chinese tourists have shown the world their more civilized behaviors," Chen said, by citing an example of a Chinese tourist in Japan collecting garbage.
 
Xiong Jiawen, a frequent traveler, said she believes a good tourist has to think of him or herself as a local, by tasting local delicacies or having home stays, but most importantly, he or she should love the culture as the locals do and contribute his or her part to preserve the scenic attractions.
 
"Travels have taught me to show respect to others' culture. Travel should make us more open-minded rather than selfish. More people should join hands with us to be good tourists and have better travel experiences," Xiong said.
 
The China National Tourism Administration started the campaign "Good Chinese Tourists" in 2015.
 
The administration is expected to cooperate with large travel agencies and the media in search for good examples of Chinese outbound tourists this year.
 
Through different channels published by the administration, the public can also recommend good examples that could be promoted on mainstream media.
 
A survey will also be launched to solicit opinions on the behavior and images of Chinese tourists. The survey will target outbound Chinese tourists and permanent residents of overseas destinations that Chinese tourists visit.
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Colombia peace deal: Historic agreement is signed www.bbc.com

The Colombian government and left-wing Farc rebels have signed a historic agreement that formally brings an end to 52 years of civil war.
The rebel leader Timoleon Jimenez, known as Timochenko, apologised to "all the victims of the conflict" and was greeted by cheers and applause.
He said: "I would like to ask for forgiveness for all the pain that we have caused during this war."
Guests dressed in white at the ceremony in Cartagena, to symbolise peace.
The last of the major Cold War conflicts killed 260,000 people and left six million internally displaced.
President Juan Manuel Santos said: "Colombia celebrates, the planet celebrates because there is one less war in the world.
We will achieve any goal, overcome any hurdle and turn our nation into a country we've always dreamed of - a country in peace."
Timochenko said the Farc, which began as the armed wing of the Communist Party in 1964, is leaving armed conflict behind and moving in to peaceful politics.
"We are being reborn to launch a new era of reconciliation and of building peace," he said.
"Let us all be prepared to disarm our hearts."
The president and Timochenko used a pen made from a bullet to sign the deal.
 
 
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PM receives World Bank and EBRD officials www.news.mn

Prime Minister J.Erdenebat received Bert Hoffman, Country Director for Mongolia of World Bank yesterday (26th of September). At the meeting they discussed Mongolian-World Bank cooperation and the implementation of projects and programmes to improve Mongolian economy growth. In 2016, the 25th anniversary of Mongolia’s membership in the World Bank is being celebrated.

PM J.Erdenebat also met Philip Bennett, First Vice President at the European Bank for Reconstruction and Development (EBRD). They discussed the Bank’s upcoming strategy for investing in Mongolia, the EBRD’s current work and the pipeline of potential projects.

Philip Bennett is visiting Mongolia to mark the 10th anniversary of EBRD investment in the country. Since the start of its operations in 2006, the EBRD has invested €1.4 billion in the country, almost entirely in private sector development. The EBRD is currently considering broadening its scope of investment to the municipal and transport infrastructure sectors.

During his visit, Mr Bennett is also expected to sign the contract for the EBRD’s second wind farm project in the country. The wind farm, to be located in Tsetsii, will be co-financed by the Japan International Cooperation Agency (JICA) and built by a joint venture between Mongolia’s Newcom and Japan’s SoftBank.

This will be Mr Bennett’s second visit to Mongolia as the EBRD’s First Vice President. He also visited the country a number of times before joining the bank.

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Sainsbury's one-hour delivery service takes on Amazon www.theguardian.com

Sainsbury’s is to fight back against Amazon with a one-hour grocery delivery service in London.
 
The supermarket, which recently bought Argos as part of its efforts to see off the American online retail specialist, has developed an app called Chop Chop, through which shoppers can order up to 20 items to be delivered from a local store within an hour.
 
Since June, Sainsbury’s has been testing the service in Wandsworth, south London, with groceries delivered Deliveroo-style using bicycles. It is now being extended across south-west and central London areas including Chelsea, Westminster, Fulham, Battersea, Southwark, Wandsworth and Wimbledon.
 
The supermarket first offered a delivery service by bicycle more than 130 years ago, but the latest effort is part of its bid to fight back against the encroachment of a very modern phenomenon.
 
Amazon began offering frozen and chilled foods via its Prime Now one-hour delivery service in Birmingham nearly a year ago, and now offers fruit and vegetables for one-hour delivery in a number of cities including London, Glasgow, Manchester and Liverpool.
 
In June, Amazon launched its Fresh grocery delivery service, which offers fresh fruit, vegetables and meat as well as other kitchen cupboard staples, in London and Surrey. It kicked off the service after Morrisons agreed to supply Amazon with groceries.
 
The arrival of Amazon has prompted the major supermarkets to up their game by trialling new delivery services.
 
Sainsbury’s is also testing a same-day delivery service in Streatham and Richmond in London, and Brookwood in Surrey. Customers who order by 12 noon can get their shopping delivered within six hours. Tesco is also trialling same-day delivery in a few locations.
 
Sainsbury’s said it had recruited a team of 40 cyclists and grocery pickers, all direct employees, to support its one-hour delivery service.
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Bad news for stocks if Trump wins debate www.cnn.com

Expect stocks to tumble if Donald Trump has a great first debate night.
Wall Street doesn't want a President Trump (with the exception of a few hedge fund managers and Trump supporters, like Carl Icahn). As the old saying goes, the market loves good news, it can deal with bad news, but it hates uncertainty. And Trump is the motherlode of uncertainty.
"The typical investor just can't contemplate the possibility of a Trump victory," says Cary Leahey, chief U.S. economist at

As polls tighten -- CNN now calls it a "dead heat" -- Wall Street is having to come to terms that the possibility of a President Trump is real...and rising. With the debate looming on Monday, the Dow fell 167 points.
A strong debate performance by Trump on Monday will exacerbate those worries.
"If for some reason Trump puts on a presidential showing...and Clinton stumbles for whatever reason, then the market may take another reassessment," says Leahey. That's the polite way of saying, stocks are likely to fall.
The reality is stocks are already pretty pricey. They aren't at bubble level, says Tim Anderson, managing director of MND Partners. But with the economy stalling at ho-hum growth of 1% to 2% and companies expected to have a sixth quarter of falling earnings, investors are hitting the "pause" button.
Brexit and the U.S. presidential race only add to the hesitation.

Are we in for another Brexit vote? Traders are starting to wonder. Consider what happened in the lead up to Brexit: few thought it would happen until polls began to tighten shortly before the election. Stocks in the U.K. and Europe -- and even around the world -- began to zig and zag up and down as sentiment shifted. Then markets plummeted (albiet only for a few days) are Brexit.
"I think this one needs a fat lady singing," says economist Diane Swonk of DS Economics. Uncertainty will reign "until we know the outcome of the election and who's going to be in key post."
In a new report out this week, Wells Farg (WFC)puts the probability of a Clinton win at only 50%. The bank says that would be "neutral" or "slightly positive" for investors. In contrast, a Trump victory would be "negative" or "slightly negative."
Many Wall Street banks have reached a similar conclusion: Clinton would be better for the economy and market.
"Markets, in general, are apt to do better under a Clinton Administration," said UBS in late August.
Related: Here's how the 'king of debt' plans to balance the budget
Trump wants to impose a massive tax cut and scale back regulations, which the business community likes. But he also wants to restrict trade and immigration, and his policies could add significantly to the debt. Investors fear this could lead to a trade war -- and even a recession. They also don't know how to deal with his unpredictability.
"It remains impossible to know what Mr. Trump really wants." " wrote Stefan Kreuzkamp, chief investment officer at Deutsche Bank, in a recent report.
For now, U.S. stock indices are close to record levels and U.S. government bond yields are very low. Investors appear to be pricing in a Clinton win. If Trump continues to surge, investors will have to figure out just how scared of Trump they really are.

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Japan to increase butter imports www.nhk.or.jp

Japan's agriculture ministry is planning to import another 4,000 tons of butter, as raw milk production may fall in some areas of the country.

Ministry officials say cows have been in poor condition in Hokkaido and Iwate prefectures, which were hit by typhoons last month.

The ministry earlier decided to import 13,000 tons of butter, as a shortage is expected this year as in recent years.

Officials say another 4,000 tons are needed to have a sufficient amount after Christmas and year-end, when demand usually surges.

The ministry will make an official decision on Tuesday after hearing from wholesalers and consumer groups.

The number of domestic dairy farmers has been shrinking, causing a drop in milk production. Dairy producers in Japan tend to sell milk for drinking or use it to make whipped cream rather than butter.

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Stunning coking coal rally wreaks havoc in steel, iron ore www.mining.com

 
The rise in the price of coking is upending the economics of the iron ore and steel markets with the Australian export benchmark price climbing 164% so far this year.
 
Metallurgical coal was exchanging hands at $206.40 on Monday according to data provided by Steel Index as it consolidates at higher levels following weeks of panic buying not seen since 2011, when floods in key export region in Queensland sent the price surging to $335 a tonne (albeit not for long).
 
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.
 
In a new research note Adrian Lunt of the Singapore Exchange says margins for steelmakers in China, which forges almost as much steel as the rest of the world combined have come under pressure again and the tight conditions may continue:
 
"The recent spike in coking coal prices has sent spot steelmaker margins plummeting back to around their lows last seen in Q4 2015. And unless coking coal prices reverse course soon, this is likely to weigh on steelmaker earnings through the course of Q4 2016, particularly as restocking needs have provided some support to iron ore prices
 
"With Chinese steel output remaining strong and demand sentiment relatively robust (with continued support from both real estate and infrastructure in particular), steelmaker margin pressures appear likely to persist over the coming months."
 
While the price of iron ore has also recovered this year – up 31.5% year to date holding above $55 a tonne on Monday – the iron ore/coking coal ratio is now at its lowest level this century according the SGX calculations.
 
Analysts from Macquarie recently warned that speculation as much as fundamental factors are driving the price with a mere half-a-million tonnes (out of a seaborne trade of 200 million tonnes a year) responsible for the August-September surge to above $200.
 
Most producers, with the exception of BHP Billiton which set up globalCOAL a few years back, do not receive the spot price but the ruling quarterly contract price which is still in double digits.
 
In an earlier report The Steel Index noted that speculation that the upcoming quarterly contract negotiations for the October – December 2016 period "may be rather combative" and that according to market participants, Japanese steelmakers will undoubtedly face levels “at least above US$120/t” in the final quarter of 2016.
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China biggest threat to global economic stability – former IMF chief economist www.rt.com

 
Soaring debt and stagnant growth in China are a major threat to the global economy, said Harvard professor and former chief economist of the International Monetary Fund (IMF) Kenneth Rogoff in an interview with the BBC.
 
"I think the economy is slowing down much more than the official figures show," Rogoff told the British broadcaster.
 
The IMF expects the Chinese economy to grow 6.6 percent this year, its lowest growth since 1990.
 
"If you want to look at a part of the world that has a debt problem, look at China. They've seen credit fueled growth and these things don't go on forever," he added.
 
Rogoff doesn’t rule out that one of the main drivers of the global economy may face a “hard landing”.
 
"We've taken it for granted that whatever Europe's doing, Japan's doing - at least China's moving along and there isn't really a substitute for China," he said.
 
“I think India may come along some day, but it's fallen so far behind in size it's not going to compensate," Rogoff added.
 
According to the economist, China is now seeing a "big political revolution," pointing out to Beijing’s attempt to make the economy consumer-driven.
 
A recent research by Nomura showed that since the global crisis of 2008, Chinese firms have more than doubled the percentage of income they spend on servicing debt to 20 percent, the highest in the world.
 
The Bank for International Settlements in Basel has estimated China's credit-to-GDP deficit is now 30.1 percent, its biggest number since 1995, raising fears that the country’s economy growth was driven by a debt bubble.
 
This leaves British banks exposed to any trouble in the world’s second-biggest economy, according to Rogoff. UK banks have $530 billion worth of investments in China, or 16 percent of overall foreign assets.
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Hyundai Motor union stages first full strike in 12 years www.reuters.com

Hyundai Motor's South Korean labor union staged its first full nationwide strike in 12 years on Monday over stalled wage talks, putting the automaker's earnings and sales targets at risk.
 
The full-day walkout came after a series of partial stoppages since July at the automaker's factories across South Korea, its biggest manufacturing base which produces nearly 40 percent of its vehicles sold globally last year.
 
The disruption, led by union boss Park You-ki, has led to lost production of 114,000 vehicles worth 2.5 trillion won ($2.26 billion) as of Monday, the biggest strike-related output loss for the automaker in terms of value of vehicles.
 
The union plans to stage a partial strike for the remainder of this week and stoppages could continue into next week depending on the company's response, union spokesman Jang Chang-yeal said.
 
"This year's strike is lasting longer than expected. The third-quarter earnings should disappoint," Samsung Securities auto analyst Eim Eun-young said, also citing weak domestic demand.
 
Hyundai, the world's fifth-biggest automaker along with Kia Motors, said in a statement it was "obviously disappointed" with any halt in production and was continuing to work with the union to resolve the dispute.
 
Hyundai Motor shares ended down 1.1 percent at 140,500 won, compared with a 0.3 percent fall on the broader market.
 
Hyundai Motor's unionized workers in South Korea last month overwhelmingly voted down a tentative wage deal which was less generous than last year's package.
 
PROLONGED STRIKE
 
Trade Minister Joo Hyung-hwan urged Hyundai Motor's union to resolve the dispute, saying the strike would "throw cold water on the exports recovery".
 
He said India overtook South Korea as the world's fifth-biggest car producing country from January to July this year, adding that rigid industrial relations and higher wages would worsen the competitiveness of the domestic car industry.
 
Hyundai posted its tenth consecutive quarterly profit fall in the April-to-June period, hit by an emerging-market downturn and its failure to tap into strong global demand for sport utility vehicles.
 
Hyundai and Kia Motors were expected to see global sales slip 0.6 percent to about 7.96 million vehicles this year, below their targets of 8.13 million vehicles, NH Investment & Securities analyst Cho Soo-hong said.
 
Hyundai Motor has been hit by strikes in all but four of the union's 29-year history.
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