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    

Events

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

NEWS

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Opec plans fresh oil price talks says energy minister www.bbc.com

Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria's energy minister.
Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an energy conference in Algiers on Wednesday.
"We will not come out of the meeting empty-handed," the minister added.
The fall in prices has been causing problems for poorer members of Opec.
Oil prices collapsed from peaks of more than $100 a barrel in mid-2014 to near 13-year lows below $30 in January. The price on Friday was $44.48 a barrel.
Analysts remain gloomy about the chances of an agreement.
Michael Hewson, chief market analyst at CMC Markets UK, said: "Given that Opec has failed to agree much of anything in the last 12 months, it seems unlikely that it will start now."
Opec's 14 members, which produce about a third of the world's oil, have so far failed to agree a deal to cut output that would prop up prices.
But the state of the oil market was "more critical" than when Opec last met three months ago, Mr Bouterfa said.
Crucially, Saudi Arabia, the largest Opec member and which has resisted production curbs, may now be more willing to cut output, he added.
Saudi Arabia pumped a record 10.69 million barrels a day in August compared with 10.2 million in January, according to data compiled by Bloomberg.
'Best solution'
Although Wednesday's meeting is an informal gathering, Mr Bouterfa did not rule out it becoming a formal event.
He said: "Either we reach an agreement, which would be good, or we reach an understanding on the elements of an agreement, and that would also be good.
"Every state in the organisation agrees on the need to stabilise prices, it just remains for us to find a format that pleases everyone. The best solution would be a (production) freeze."
Opec members are losing between $300m and $500m a day, Mr Bouterfa said. "No (oil) company will be able to withstand it if prices remain under $50 a barrel," he added.
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Prosecution seeks arrest of Lotte chairman in bribery probe www.bbc.com

South Korean prosecutors are seeking a warrant to arrest chairman Shin Dong-bin of Lotte Group in a corruption probe.
The request follows a questioning of Mr Shin last week.
The move is the latest twist in a continuing probe into the country's fifth largest conglomerate.
The scandal has already hampered a Lotte share sale and is seen as linked to the apparent suicide of a company top executive.
'Full co-operation'
A Lotte Group spokesman confirmed that Mr Shin was in South Korea and would co-operate fully with the investigation.
"It's regrettable that an arrest warrant has been sought," the company said in a statement.
"We will fully present our case during the court proceedings and wait for the wise decision of the court."
The court hearing on the warrant request is expected on Wednesday or Thursday.

In August, the vice chairman of South Korea's Lotte Group, Lee In-won, was found dead hours before he was to be questioned in the corruption probe.
Police investigators said the cause of death appeared to be suicide. The 69-year-old Mr Lee was due to be questioned the same day in an inquiry into a possible slush fund and financial irregularities at the company.
Raids on the company's offices have led to the firm pulling out of a share sale worth as much as $4.5bn (£3bn) for its hotel unit.
Lotte Group has more than 90 firms in sectors as diverse as beer, hotels and chemicals, and has annual revenues of about $60bn, according to the Korea Fair Trade Commission.
It is Korea's fifth-largest conglomerate and is considered one of Korea's family-run "chaebols" which are known to have complex ownership structures.

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China starts world's largest radio telescope www3.nhk.or.jp

China has started operations of a newly-completed radio telescope to listen for signals from outer space.
 
China's state-run Xinhua news agency says the facility in the inland province of Guizhou has the world's largest radio telescope dish. It measures 500 meters in diameter, surpassing one of 305 meters in Puerto Rico.
 
The agency says nearly 1.2 billion yuan, or about 180 million dollars, was invested in the construction. About 10,000 people who were living within a 5-kilometer radius were relocated to ensure radio silence.
 
China's state media says the telescope will be made available to scientists around the globe after 2 to 3 years of tests. The media say the telescope will play a major role in the search for the origins of the universe.
 
In recent years, China has been making space explorations and planning its own space station.
Observers say the country could be aiming to increase its presence in the international community through such space projects.
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Australia must not "close the door" on foreign investment: Chinese investment tycoon www.xinhuanet.com

CANBERRA, Sept. 26 (Xinhua) -- The Chinese investment mogul behind the vetoed 285 million U.S. dollar bid for Australia's largest pastoral land holding said he had "given up" the dealing with Australia, urging the government not to "close the door" on foreign money.

Charles Liu, founder and chairman of billion dollar company HAO Capital, told local media on Monday that the MalcolmTurnbull's government's "protectionist" attitude toward Chinese and foreign investment would continue to discourage investors from taking their money there.

Liu, who has invested in Australia for 20 years, said the process surrounding the failed bid for pastoral company S. Kidman and Co. was reminiscent of the "unfortunate trend" of closing the door on Chinese money by other Western nations.

"(The government) should have made clear at the beginning (of the Kidman & Co. bidding process) -- if that were the case - that a Chinese bid would not be acceptable," Liu told The Australian newspaper.

"If this is the attitude of the Australian government, one has to totally give up on the Kidman deal."

He added that Australia's previous Tony Abbott-led federal government which put together the historic China-Australia Free Trade Agreement (ChAFTA) "was quite supportive, and then came the change of the administration".

Liu said Australia seemed to be heading down the same path as other Western nations which have been hesitant to fully embrace a global marketplace and economy, adding that his concerns were shared by "many people in China".

"This is an unfortunate trend developing in Western countries today, with de-globalization and xenophobia, populism and protectionism on the march," Liu said.

"Domestic politics in the West, including in Australia, is increasingly heading in that direction the massive change under way in countries' ethnic composition."

"It's unfortunate that entrepreneurial and hardworking Chinese people get caught up in this negativity, everyone being lumped together."

Liu said Australia should continue to embrace Chinese money as "there aren't so many people with deep pockets any more except the Chinese".

"If people take a positive attitude, then an overwhelming amount of business can be done," he said.

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Germany's Lanxess to buy Chemtura for about $2.12 billion in cash www.reuters.com

Lanxess AG (LXSG.DE) said on Sunday it would buy specialty chemical company Chemtura Corp (CHMT.N) for about $2.12 billion in cash to improve the German company's additives business.
 
Lanxess's offer of $33.50 for each Chemtura share, represents a premium of about 19 percent to the Philadelphia-based company's close on Friday.
 
The world's largest synthetic rubber maker will use existing funds and new debt to buy Chemtura in a deal with an enterprise value of about 2.4 billion euros ($2.69 billion), Lanxess said in a statement.
 
The boards of both companies have unanimously approved the deal, which is expected to close around mid-2017, Chemtura said in a separate statement.
 
Lanxess also said it will no longer pursue its earlier-announced share buyback of around 200 million euros.
 
Morgan Stanley advised Chemtura on the deal.
 
 
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British manufacturing sector ready for expected boost from Treasury www.theguardian.com

Britain’s manufacturers insisted they have a crucial role to play in a post-Brexit world, contributing $247bn (£190bn) a year to the economy and creating well-paid, high-value jobs.
 
The UK is the world’s ninth-largest industrial nation and manufacturing accounts for 14% of business investment according to a report by the sector’s trade body, called EEF, and Santander.
 
But it comes at a time of huge uncertainty for manufacturers, with companies intending to cut investment in new plant and machinery to its lowest level since the financial crisis according to a survey published by EEF earlier this month.
 
Lee Hopley, chief economist at EEF, said: “Given the importance of manufacturing to the economy it’s vital that we educate all stakeholders about its real value and contribution to growth. This is especially important in a post-Brexit world where we have to look at all new avenues of generating growth and investment.”
 
As chancellor Philip Hammond prepares to deliver his maiden autumn statement on 23 November, the group has called for an ambitious industrial strategy to make the UK an appealing proposition for future manufacturing investment.
 
Hammond is expected to announce a programme of investment in transport and other infrastructure projects to give the economy a post-Brexit-vote boost.
 
Reports over the weekend suggested Theresa May has instructed the chancellor to extend the northern powerhouse initiative – conceived by his predecessor in number 11, George Osborne – to other UK regions.
 
Hammond has already signalled that he is willing to “reset” the public finances to support the economy, abandoning Osborne’s target of returning to a surplus of £10.4bn by 2019-20.
 
It is hoped that Britain’s factories will be able to capitalise on the sharp fall in the value of the pound since the UK voted to leave the EU. A weak pound makes British goods cheaper abroad, potentially boosting exports.
 
EEF said Britain is having an industrial renaissance, with manufacturers creating jobs at a faster rate than any other country apart from the US since 2010. The sector’s average annual earnings of about £31,500 are almost £4,000 above the figure for the whole economy, it added.
 
London and the south-east are the biggest manufacturing regions, just ahead of the north-west and the midlands.
 
 
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Singapore firm buys half of Rolling Stone www.cnn.com

Rolling Stone is teaming up with the son of an Asian business giant.
Wenner Media, which owns the nearly 50-year-old music magazine, will sell a 49% stake in the publication to Singapore-based social music company BandLab Technologies.
BandLab was created by Meng Ru Kuok, the son of the billionaire founder of the world's biggest palm oil company.
Though BandLab's signature product is its eponymous music making and sharing app, the business also has ties to retail. It recently bought MONO, a music instrument accessories company.

Gus Wenner, head of digital at Wenner Media, said the company sees "enormous opportunity" for Rolling Stone to enter "new areas of business." Wenner's father, Jann Wenner, is the magazine's co-founder.
The deal is being positioned as a chance for Rolling Stone to move into digital and retail, and to expand its influence in Asia.
In its announcement Sunday, Rolling Stone said an international subsidiary will be created and headquartered in Singapore.

The magazine retracted a 2014 piece called "A Rape On Campus," about an alleged frat house gang rape at the University of Virginia, after doubts surfaced about the veracity of the primary source's claims.
An administrator at the university is suing the magazine for defamation, seeking millions in damages. A separate lawsuit brought by members of the fraternity was dismissed.

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Chinese coal companies to boost thermal coal output to placate steel mills www.mining.com

The meteoric rise in coking coal prices over the last couple of months has had a painful effect on China's steel producers, who are having to pay a lot more for coking coal, a key ingredient in steel production. The cost inflation gave rise to a protest from the China Iron and Steel Association which represents large state-owned steel mills. On Friday the country's state-owned coal mining companies relented, and agreed to increase output, which should cause Chinese coal prices to level off.

Cranking up production is actually the opposite of what Beijing wants to do for Chinese coal. For months the Chinese government has tried to rectify overcapacity by mandating production cuts and shutting debt-ridden mines that are close to the end of their lives. Beijing has also limited coal mines to operating a maximum 276 days a year.

How will the increase in thermal coal output affect coking coal prices in China? According to the Financial Times it won't necessarily resolve the supply squeeze of coking coal, which tightens up in winter when cold weather slows mining operations northern China and Mongolia. However, increasing the nation's output of thermal coal will "help keep a lid on coal prices in China, reducing pressure on thermal power generators and preventing the rally in coal prices from feeding through to the power sector."

Meanwhile on Saturday, the State Council of the Chinese government approved the merger of Baosteel and Wuhan Iron and Steel. The combined entity will be the largest steel company in China and the second largest in the world, after European steel giant ArcelorMittal, CCTV reported.

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Hanjin's bankruptcy causes logistics chaos www.nhk.or.jp

The bankruptcy of South Korea's largest container carrier is causing logistics chaos in many countries.

Hanjin Shipping went under on August 31st. Since then, port operators in many countries have been refusing port calls of Hanjin's container vessels for fear of failing to receive port and cargo handling fees.

The South Korean government says 62 cargo carriers have dropped anchor in harbors or offshore.

The government is trying to provide financial assistance to Hanjin, in order to return 33 ships to South Korean ports, and allow 29 vessels to enter foreign ports for offloading.

The chairman of Hanjin Group, the shipping operator's parent conglomerate, has offered 37 million dollars of his own money to help cover costs.

Korean Air, the core business of the group, has also pledged aid of 55 million dollars.

The South Korean government estimates that all of Hanjin's container vessels will unload their cargo at the end of October at the earliest.

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India to join Paris Agreement on climate change www3.nhk.or.jp

Indian Prime Minister Narendra Modi says his government will ratify the Paris Agreement on climate change next month. The country is the world's fourth-largest emitter of greenhouse gasses.

Speaking in the southern state of Kerala on Sunday, Modi said his government plans to ratify the Agreement on October 2nd, the birth anniversary of India's independence leader Mahatma Gandhi.

Modi said Gandhi lived with a minimum carbon footprint.

The Paris Agreement was adopted last December as the first international framework to cut greenhouse gas emissions after 2020.

The agreement will take effect when it is ratified by signatories whose greenhouse gas emissions account for 55 percent or more of the world's overall figure.

India emits more than 4 percent of global emissions, following China, the United States and Russia.

India's ratification is expected to help the agreement take a major step toward its becoming effective.

Earlier this month, China and the United States announced their plans to ratify the pact. Attention is now focused on how other major emitters will respond to these positive trends.

Japan, the fifth-largest emitter accounting for 3.8 percent of the global amount, has not completed domestic procedures for its ratification.

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