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

NEWS

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Mongolian, Japanese companies sign cooperation documents www.en.montsame.mn

Ulaanbaatar /MONTSAME/ During the official visit of the Prime Minister, Mr J.Erdenebat to Japan, Trade and Investment Forum was held, attracting representatives of over 50 Mongolia and 240 Japanese companies. In the margin, the investors and companies signed cooperation documents.
 
Namely, Energy Resource LLC and Sumitomo established a Memorandum of Understanding on cooperation in sales and marketing of coal, Tsagaan Chuluut Consortium and Suzuki Shoukai signed a Cooperation MoU, and Dry Milk LLC and Pirsai Company signed an agreement on certified distribution.
 
The Prime Minister has given an interview to Nikkei and met with the leaders of Japan-Mongolia friendship societies.
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Softbank to set up technology investment fund www3.nhk.or.jp

Japanese telecom operator Softbank Group says it will set up a fund to invest in the global technology sector, and a Saudi Arabian sovereign wealth fund will be the leading investment partner.
 
Softbank says it plans to invest at least 25 billion dollars over the next 5 years in the Softbank Vision Fund, which will be managed by a subsidiary in Britain.
 
It says Saudi Arabia's Public Investment Fund has agreed to put in at least 45 billion dollars over the next 5 years.
 
Softbank says several global investors are in ongoing talks about possible participation. It says the fund has a potential size of 100 billion dollars.
 
Softbank Group's chairman and CEO, Masayoshi Son, says the fund will be the biggest investor in the technology sector over the next decade.
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HP cuts up to 4,000 jobs worldwide www.bbc.com

US computer company HP Inc has said it expects to cut 3,000 to 4,000 jobs over the next three years.
The hardware business of the former Hewlett-Packard announced the plans as part of a larger restructuring effort.
It is hoped the cuts will generate some $200m (£163m) to $300m in annual savings for the firm, but they are expected to cost up to $500m in charges.
HP also issued a lower-than-expected earnings guidance for next year.
The company said it expected adjusted profit for the fiscal year 2017 to be between $1.55 and $1.65 per share.
Hewlett-Packard split into two businesses last year: HP Inc, which focuses on printers and computers; and Hewlett Packard Enterprise, which sold its software business to focus on data storage.
"I'm proud of the progress we have made in our first year as the new HP. Our focus is clear, our execution is solid, and we are positioned well for the next step in our journey," Dion Weisler, the company's president, said in a statement.
The job cuts come as sales of personal computers around the world continue to decline.
Earlier this week, research company Gartner said PC shipments declined 5.7% in the third quarter of 2016 compared with a year earlier.
Hewlett-Packard has in the past seen profits hit by declining sales of personal computers and has already had tens of thousands of job cuts in recent years.
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Snapchat heads for IPO that could value 'mega unicorn' at $25bn www.theguardian.com

Snapchat is preparing for a “mega unicorn” flotation on the stock market that could value the five-year-old mobile app known for its disappearing photos at as much as $25bn.
 
The company behind the app, which its 26-year-old founder Evan Spiegel created at his Stanford University fraternity house in 2011, is said to have appointed Wall Street banks Morgan Stanley and Goldman Sachs to lead its initial public offering (IPO) on the New York stock exchange as early as March 2017.
 
If the Los Angeles-based firm goes ahead with the flotation it will be the biggest technology IPO for years, and could pave the way for other bigger tech firms to go public. There are a string of “mega unicorns” companies, defined as those valued at more than $10bn, looking to realise their founders’ and investors’ wealth by floating on the stock market. Among those waiting in the wings are Uber (which was last valued at $68bn) and Airbnb (worth $30bn at its last investment round).
 
The flotation of parent company Snap Inc, which was valued at $18bn at its last funding round, will be the largest social media IPO since Twitter floated in November 2013. Since then Twitter has suffered, with its shares falling from a high of $69 to $17.80 on Thursday. The 140-character messaging company has been struggling to find itself a buyer as it fails to build revenue and grow its user base.
 
A Snap flotation would turn Spiegel and co-founder Bobby Murphy into multi-billionaires. At a $25bn valuation the founders’ stakes in the company, which recently changed its name to Snap Inc as it moves away from chatting to photography, would be worth almost $4bn each.
 
It would vindicate Spiegel’s decision to reject a $3bn takeover by Facebook in 2013, when Snapchat had yet to make any revenue.
 
Since then Snapchat has grown its daily user base (of mostly teenagers and young adults) to 150m, and hopes to generate advertising revenue of more than $350m this year, a big increase on the $59m it earned last year as it further explores partnerships with brands including Burberry, Tiffany and KFC.
 
Analysts at eMarketer recently said the company could bring in advertising revenue of almost $1bn by 2017, as brands ditch traditional advertising models for new media that appeals to younger people. Just over 40% of Americans aged between 18-34 are Snapchat users.
 
The firm recently launched a new service, called Snap Audience Match, that lets marketers match consumers’ email addresses and phone numbers with Snapchat’s user data in order to deliver targeted ads. Snapchat also lets companies know if users often consume certain types of content, like sport or gaming, so they can direct ads to those groups of people. These developments have angered some users and privacy campaigners.
 
A spokeswoman for Snap refused to comment on the company’s IPO plans. The appointment of a suite of banks to prepare for an IPO, which also including Barclays, Credit Suisse, JP Morgan, Deutsche Bank and Allen & Co, was earlier reported by the Wall Street Journal and Bloomberg.
 
The company can file its IPO documents privately with the Securities and Exchange Commission because the company makes less than $1bn in revenue.
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Gold is going back to $1,050 says Wells Fargo analyst www.mining.com

Gold and commodities entered a drawn out bear market five years ago and there are many more years of pain to go, says John LaForge with Wells Fargo.
 
"The reality is gold is a commodity and commodities have entered a long bear market," said LaForge who was interviewed by CNBC in July. LaForge is the head of Real Asset Strategy at Wells Fargo.
 
"Traditionally those long bear markets for commodities average about 20 years—and that is using data back to 1800—and we are only in year five."
 
Laforge sees gold heading back to its December lows since a commodity will "go back and test its lows off of the first move down multiple times."
 
Gold is up about $300 this year after hitting a low of $1,050 in December.
 
LaForge said this year's run up was overdue considering the gold's three year slide.
 
"I am a big believer in reverting to the mean and we definitely needed a bounce off of $1,000," says LaForge. "I would say it is going to be tough from here."
 
LaForge has made bearish statements about gold in the past. In 2014 he saw $660 per ounce gold as "in the cards."
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Sterling plunges to its lowest level in 168 years www.rt.com

The British pound has fallen to a low measured against a basket of trading currencies not seen since the mid-19th century, according to the Bank of England (BoE).
 
The effective exchange rate, calculated to mirror UK trade, is at rock bottom after hitting a low of 29.27. The mark is lower than the level sterling hit during the financial crisis, the introduction of floating exchange rates of the 1970s, and even the decision to leave the gold standard in the 1930s.
 
On Tuesday, sterling fell to a 31-year low against the US dollar over concerns of a possible “hard Brexit.” It traded as low as $1.2117 against the greenback.
 
Under the BoE’s current formula for the trade-weighted index, the biggest contributors to the currency basket are Germany (22.5 percent), US (16.5 percent), France (12.6 percent), Italy (8.3 per cent) and Japan (seven percent).
 
The pound rebounded slightly on Wednesday after Prime Minister Theresa May announced she would hold a parliamentary debate on Brexit proceedings and promised to fight for “maximum possible” access to EU markets.
 
Some analysts warn the British pound might fall out of the International Monetary Fund's elite basket of reserve currencies due to its continuing nosedive.
 
Sterling has dropped 17 percent against the US dollar since Britain voted to quit the European Union. The currency has come under renewed pressure and losses accelerated after Prime Minister Theresa May announced plans to trigger the process for the UK’s formal exit.
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Russia ends oil pipeline service agreement with Ukraine www.rt.com

Moscow has ended the contract to maintain oil pipelines in Ukraine. The order was signed by Prime Minister Dmitry Medvedev and details published on the government website.
 
According to the 1995 agreement, oil pipelines passing through Ukraine were operated by subsidiaries of Russia’s oil transportation monopoly Transneft. However in February 2016, the Ukrainian section of the pipeline was sold to a Swiss-registered company, International Trading Partners AG.
 
Thus the Kremlin said further Russian participation in the agreement is "impractical.” The deal was approved by Russian and Ukrainian antitrust agencies at the end of 2015.
 
International Trading Partners AG is registered in St Gallen in Switzerland, and is controlled by German Anatoly Schaefer, Interfax agency reported. According to Ukrainian media UNN, Schaefer has Moscow residency, and the money for the transaction was kept in a Moscow bank.
 
Before the sale, the pipeline was the subject of litigation between Russia’s Transneft and Kiev. In March 2015, the Supreme Economic Court of Ukraine rejected the complaint from Transneft on Kiev’s decision to nationalize the section of the pipeline that runs through the country.
 
Transneft uses the pipeline to supply diesel fuel to Ukraine. In September, Ukraine imported 150,000 tons of fuel.
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Uniqlo owner slashes 2020 goal www3.nhk.or.jp

Fast Retailing, operator of the Uniqlo clothing chain, has given up a long-held goal to hit nearly 50 billion dollars in sales by 2020.

President Tadashi Yanai says that figure is out of reach. He's slashed the target to about 30 billion dollars.

The announcement came as Fast Retailing released its earnings report for the year through August. The company notched a sales increase of about 6 percent from the previous year in yen terms. But net profit was down more than 56 percent at about 460 million dollars.

Executives blame the strengthening yen, as well as poor sales of winter clothing over the colder months.

Yanai hopes to boost the company's fortunes through online sales.

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German top court backs EU-Canada trade deal Ceta www.bbc.com

Germany's Constitutional Court has rejected a legal challenge to the EU-Canada free trade deal (Ceta) from campaigners who call it undemocratic.
The campaigners object to the fact that parts of Ceta will be implemented before all national parliaments in the EU have voted on it.
EU trade ministers are to decide on Ceta next Tuesday. If they all approve it, the deal can be signed with Canada on 27 October.
Ceta would remove many trade barriers.
It would be the EU's most comprehensive trade deal to date, and the negotiations have taken seven years.
More than 125,000 people signed a petition organised by three activist groups aimed at blocking Ceta, the Comprehensive Economic and Trade Agreement. The groups are Compact, Foodwatch and More Democracy.
'Race to the bottom'
Opponents fear that Ceta will be used as a model to push through an even more controversial EU-US trade deal called TTIP, much of which remains to be negotiated.
The activists argue that Ceta and similar deals put job security and social welfare at risk, in a global "race to the bottom" that serves the interests of a wealthy elite.
Canadian Prime Minister Justin Trudeau warned on Thursday that "if Europe cannot manage to sign this agreement, then that sends a very clear message not just to Europeans but to the whole world that Europe is choosing a path that is not productive, either for its citizens or for the world, and that would be a shame".
German Economy Minister and Vice-Chancellor Sigmar Gabriel has battled to win his Social Democrats (SPD) round to Ceta. The SPD is in government with Chancellor Angela Merkel's Christian Democrats (CDU), who strongly support Ceta.

Mr Gabriel said he was happy with Thursday's court ruling. Ceta, he said, would act as "protection against having a bad deal with the US".
Some British politicians see Ceta as a good basis for a post-Brexit UK trade deal with the EU. The UK can vote for Ceta while it remains a full EU member.
Ceta does not involve EU-style free movement of labour. But for services - 80% of the UK economy - the Ceta terms are less favourable than what they have now.
Would Ceta be a good model for the UK?
The judges in Karlsruhe did not, however, exclude the possibility of Ceta hitting obstacles in Germany in future.
By signing Ceta, they said, the government can only fast-track the deal's EU-wide provisions. Areas of national responsibility - such as intellectual property, maritime transport and commercial arbitration - must await parliamentary approval.
A new Investment Court System (ICS) - one of the most controversial issues - cannot be set up until Ceta is ratified by all EU parliaments, they said.

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UNFAO to open Representative office in Ulaanbaatar www.news.mn

Ts.Jambaldorj, Mongolian Ambassador at UNFAO (UN Food and Agriculture Organization) presented his credentials to Director-General Jose Graziano da Silva yesterday (12th of October). Mario Lubetkin, Chef de Cabinet, Ms. Paola Dini, the chief of protocol and S. Dashvaanjil, embassy adviser also participated in the event. Following the ceremony, Ts.Jambaldorj and Jose Graziano da Silva discussed cooperation between Mongolia and UNFAO. At the meeting, Director-General Jose Graziano da Silva noted that FAO will be open a representative office in Ulaanbaatar. During the last seven years, the FAO has implemented many programmes and projects in Mongolia, focusing on forestry and the livestock sector.

Mongolia became a member of the Food and Agriculture Organization in 1974, and was accredited through the FAO Representative office in the People's Republic of China. The FAO Liaison Office in Mongolia was opened on 1 July, 2009.

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