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    

Category

Events

Events

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

NEWS

64x64

Chinese tycoon who bought Grindr paying wife more than $1 billion in divorce www.cnn.com

The Chinese tech tycoon who bought gay dating app Grindr is paying his wife an eye-watering $1.1 billion in a massive divorce settlement.
Zhou Yahui, the chairman of online gaming firm Beijing Kunlun Tech, has agreed to transfer hundreds of millions of shares in the firm to his wife, Li Qiong, according to a stock exchange filing this week.
The huge settlement has made headlines in Chinese state media, which have described it as one of the costliest splits in the country's history.
Earlier this year, the couple were ranked 11th in a global list of self-made billionaires under 40. Compiled by the Hurun Report, their combined wealth was estimated at $3.5 billion.

But under a civil mediation agreement issued by a Beijing court, Zhou will hand over 278 million Kunlun shares to Li. The company's stock in Shenzhen closed Wednesday at 26.44 yuan, putting the value of the settlement at 7.35 billion yuan ($1.1 billion).
Zhou will remain the largest shareholder of Kunlun, which bought a majority stake in Grindr earlier this year. Kunlun declined to comment further on the settlement.
Beijing Kunlun Tech
Zhou Yahui will transfer hundreds of millions of shares in his company to his wife under a court settlement.
It's unlikely to be the last megabucks split in China. The country's divorce rate has climbed steeply in recent years, according to state media. Meanwhile, new billionaires are being minted at a staggering pace despite the economic slowdown.
The settlement between Zhou and Li eclipses the $975 million that U.S. oil tycoon Harold Hamm paid his ex-wife last year.

But other super rich businessmen -- including media mogul Rupert Murdoch and Formula 1 boss Bernie Ecclestone -- are reported to have shelled out well over a billion dollars for divorces in the past.
A Swiss court in 2014 ordered Russian oligarch Dmitry Rybolovlev to pay his former wife a record $4.5 billion, but a higher court reduced the sum last year to around $600 million.

...


64x64

Ford to move all small-car production to Mexico as profits set to fall www.theguardian.com

Ford has warned shareholders that it is pouring cash into “emerging opportunities” and expects a steep decline in its financial performance in 2017.
 
The second-largest US automaker dropped its expected pre-tax profits forecast from $10.8bn to $10.2bn as it announced plans to expand its self-driving and electric lines in the face of intense competition from Silicon Valley as well as traditional car firms.
 
Chief executive Mark Fields also said that the company was moving all of its small-car production to lower-cost Mexico, drawing another rebuke from Republican presidential candidate Donald Trump who called the decision “horrible”.
 
“We will have migrated all of our small-car production to Mexico and out of the United States,” over the next two to three years, Fields told Wall Street analysts at annual investor day presentation.
 
Fields reiterated plans to explore ride-sharing options for its automated vehicles, framing the change as an expansion into a new market. “As we expand to be an auto and a mobility company, we’re not moving from an ‘old’ business to a ‘new’ business,” Fields said. “The world is moving from simply owning vehicles to owning and sharing them. That’s why we are expanding to sell more vehicles and provide transportation services at the same time.”
 
The lowered guidance from Ford was also driven by old school problems as well as future plans. The company lowered its 2016 pre-tax profit forecast to $10.2bn from a minimum of $10.8bn because of an expanded a vehicle recall. Multiple models across multiple years were found to have door latches that could malfunction and cause the doors to fly open while driving, causing a $640m impairment charge.
 
The recall comes at a bad moment as Ford attempts to move forward with the development of nascent technology that will take years to return investment, notably self-driving cars. The company has highly ambitious plans to enter the emerging sector as early as possible with a “high volume” of cars available.
 
Ford is also pushing an unusually large number of electric vehicles and will invest some $4.5bn in 13 new models that will comprise 40% of its lineup by 2020.
 
Driverless cars are gaining acceptance in parts of the US. Uber began a pilot study for automated cabs in Pittsburgh this week, although they have a human co-pilot for now. And California’s legislators are pushing for a relaxation in the rules governing robot cars on their roads.
 
Ford expects its first fully automated models to be road-ready by 2021, regulators permitting. Though the focus at the moment is on consumer vehicles, the possibility of automated commercial highway travel is also enticing. Rival manufacturers including Daimler and General Motors are also working on plans to build driverless trucks that would allow trucking companies to send shipments across the country.
 
Ford and its peers are also facing a growing challenge from technology companies including Apple and Google which are testing their own models, while high-end electric vehicle maker Tesla already produces vehicles that enable partial automation with its “autopilot” function, which was involved in a fatal accident this summer.
 
Caught between a rock and a hard place, Ford said it “plans to achieve cost efficiencies averaging $3bn annually between 2016 and 2018 and is adding new processes like zero-based budgeting to further its business transformation”.
 
“Zero-based budgeting” requires that every single budget item be individually approved, which bodes ill for new staplers at the Ford offices.
 
Beyond the simple cost of the research and development, though, there are serious regulatory hurdles to interstate travel in self-driving vehicles, as the US Congress has pushed back on automakers who believe their own standards are high enough: “If I asked somebody, ‘Do you think that that red light means stop?’ and they came back to me and said: ‘We have great respect for stoplights,’ I would say, ‘The answer is ‘yes’,” Senator Michael Blumenthal of Connecticut told General Motors’ Michael Ableson at a hearing in March.
 
“The credibility of this technology is exceedingly fragile if people can’t trust standards,” Blumenthal said. “Not necessarily for you, but for all the other actors that may come into this space at this point.”
...


64x64

YouTube to pay more for music in Europe www.rt.com

New copyright rules proposed by the European Union will force video sites such as YouTube to pay more to musicians and record companies who have been complaining of lost revenue from piracy.
Read more
Reuters / Mario Anzuoni Linking to free stuff is not piracy, EU rules
The new rules are aimed at reinforcing the position of rights holders with producers required to tell authors what profits their works have generated. The guidelines are still to be approved by the European Parliament and Council of Ministers.
 
"I want journalists, publishers and authors to be paid fairly for their work, whether it is made in studios or living rooms, whether it is disseminated offline or online, whether it is published via a copying machine or commercially hyperlinked on the web," said the President of the European Commission Jean-Claude Juncker during his annual ‘State of the Union’ address.
 
According to the European Commission, YouTube and other sites such as Dailymotion would have an “obligation to deploy effective means such as technology to automatically detect songs or audiovisual works.”
 
UK Music, the body which represents the British music industry, said this week that YouTube, the most popular music site in the UK, was still not paying artists enough for their music.
 
The Google-owned site has "yet to deliver fair financial returns for rights owners and creators, artists, composers, songwriters and publishers," UK Music said.
 
YouTube which carries videos and audio content makes money by selling advertising and then divides profits among rights owners. It claims it has paid out over £2.3 billion to the music industry so far.
...


64x64

Uber starts self-driving test on public roads www3.nhk.or.jp

US ride-sharing service Uber has launched a trial involving self-driving cars traveling along public roads in Pennsylvania.
 
The company has released footage showing a fleet of vehicles equipped with sensors. People are sitting in the drivers' seat but are not moving the steering wheel.
 
Uber is developing the technology jointly with US carmaker Ford and Sweden's Volvo.
Company officials say autonomous cars will help prevent accidents and ease traffic congestion.
 
They plan to continue the trial having people within reach of the controls for the time being to ensure safety, as the technology is still at an early stage.
...


64x64

Singapore Airlines drops Airbus A380 plane www.bbc.com

Singapore Airlines has decided not to keep the first A380 it leased, delivering a fresh setback for Airbus' super-jumbo plane.
Singapore Airlines was the launch customer for the two-deck jet in 2007.
The airline has decided not to renew the A380 plane when the ten-year contract expires next year.
The news comes after Airbus more than halved its delivery target for the A380, raising fears it could slip back to making a loss from the aircraft.
A Singapore Airlines spokesperson said: "Our first five A380s are on 10-year leases, with options to extend. The first expires in October 2017, and we have decided not to extend it.
"For the other four, decisions will be made later."
But they added the airline had orders for five separate A380s with Airbus, which will start being delivered in the second half of 2017.
The A380 only began breaking even for Airbus last year.
In July, Airbus said it would still avoid losing money on the jet in 2017 with as few as 20 deliveries, but gave no further guidance.
Analysts says that big aircraft like the A380 and Boeing's 747 series have fallen out of favour.
Smaller jets can be more profitable as they are easier to fill and are cheaper to operate, analysts say.

...


64x64

Mongolia-Czech Business Forum continues in Ulaanbaatar www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Mongolia-Czech Business Forum is underway in Ulaanbaatar, after holding the first session in Darkhan. Some 40 delegates from 29 Mongolian companies and 20 representatives of 12 Czech companies that run businesses in the mining, construction, engineering, banking, insurance, transport, heating and cooling systems, heavy machinery and equipment.
 
The business forum is being organized by the Mongolian National Chamber of Commerce and Industry in cooperation with Embassy of the Czech Republic to Mongolia and the Czech Chamber of Commerce.
 
The business delegation from the Czech Republic is led by the Deputy Minister of Foreign Affairs, Mr Miloslav Stasek. The latter has met with Vice FM of Mongolia B.Battsetseg, Minister of Energy P.Gankhuu, Minister of Construction and Urban Development G.Munkhbayar and the Mayor of Ulaanbaatar S.Batbold.
...


64x64

iPhone optimism blasts Apple stock to 2016 high www.reuters.com

Apple's (AAPL.O) stock hit a 2016 high on Wednesday, with its market value peaking above $600 billion for the first time since April as Wall Street bet the technology company's newest iPhone would help shore up falling sales.
 
Fueled by U.S. wireless carriers' reports of strong early orders for the iPhone 7 as well as arch-rival Samsung Electronics' (005930.KS) widely-publicized recall of potentially exploding Galaxy Note 7 smartphones, shares of Apple rose as much as 4.7 percent to $113.03 for a gain of 10 percent in the past three days.
 
Its market capitalization reached nearly $607 billion, compared to $535 billion for Alphabet (GOOGL.O) and $440 billion for Microsoft (MSFT.O).
 
After sinking to a two-year low in July that had portfolio managers describing Apple as a value stock and no longer a growth play, shares of the world's most valuable listed company have since rebounded 25 percent.
 
On Tuesday, Sprint (S.N) said pre-orders for the iPhone 7 were up nearly four times compared to last year's iPhone. T-Mobile (TMUS.O) said pre-orders rose nearly four times compared with its next most popular iPhone.
 
Potentially adding to demand for Apple's products, China's quality watchdog said on Wednesday that Samsung would recall 1,858 of its Galaxy Note 7 phones due to its fire-prone batteries, expanding the list of countries where the devices have been recalled.
 
"With the carriers telling Samsung owners that Samsung wants you to take your phone back into the store, well, people are going to look elsewhere," said Longbow Research analyst Shawn Harrison.
 
Specific details about sales of the new iPhone are scarce after Apple announced last week it would not release weekend sales data, saying the number was more a reflection of supply than demand.
 
With U.S. consumers less eager than in the past to replace their devices, global smartphone shipments are likely to grow less than 2 percent in 2016, compared to 10 percent last year, according to market research firm IDC.
 
Revenue for Apple's fiscal year ending this month is likely to fall 8 percent and then grow 4 percent next year, according to the average estimate of analysts tracked by Thomson Reuters I/B/E/S.
...


64x64

Endeavour to buy Mexican exploration properties from Silver Standard www. mining.com

Canadian Endeavour Silver, a mid-tier precious company with long-standing operations in Mexico, has entered into a definitive agreement with fellow Canadian Silver Standard Resources to acquire a 100% interest in the latter’s Parral properties.
 
The properties, which total 3,432 hectares subject to 1% NST production royalties, are located in the southern Chihuahua state, specifically in the silver mining district of Hidalgo de Parral. According to the Mexican Geological Survey, historic production in this area is of approximately 250 million ounces of silver.
 
The Vancouver-based firm said it will pay US$6 million in common shares, being 1,198,083 common shares at US$5.008 per share, representing the 10-day average closing price of Endeavour's shares on the New York Stock Exchange prior to the date of the Agreement.
 
The company has also committed to spending US$2 million on exploration on the San Patricio and La Palmilla properties over the two-year period following the closing of the transaction. Palmilla was famous for supplying silver to the federal mint of Mexico in the late 1800's.
 
Veta Colorada, the third property being acquired, includes a higher-grade footwall vein 1-10 metres thick and a lower grade hanging wall breccia with stock-work up to 30 metres thick. The Industrial Minera Mexico estimated that there are also resources of 32.1 million ounces silver contained in 4.0 million tonnes grading 248.5 grammes per tonne.
 
Upon completing this exploration expenditure, Endeavour will have one year to deliver a National Instrument 43-101 technical report, including a resource estimate, and issue an additional US$200,000 in common shares to Silver Standard for each one million ounces of silver delineated in measured and indicated resources on the San Patricio and La Palmilla properties.
 
Silver Standard will also retain a 1% net smelter returns royalty on production from the San Patricio and La Palmilla properties.
 
"Through this transaction, we retain exposure to the success of the properties and, importantly, we are enabled to redirect capital elsewhere in our portfolio to continue generating value for our shareholders,” Silver Standard’s President and CEO Paul Benson said.
 
On the other hand, Endeavour's Vice President Corporate Development Dale Mah said that his team is looking forward to unfolding the full potential of the Parral properties. "Our exploration team will focus initially on verifying the historic resources, then turn its attention to the many exploration targets on the properties. At the same time, our operations group will evaluate opportunities for near-term production,” he wrote in a statement.
 
The Canadian miner latest move comes after having announced, in January of 2016, that it was cutting back its yearly production by more than 25% and putting its El Cubo mine, located in the central Mexican state of León, in care and maintenance due to low silver prices.
 
But ever since silver and gold have enjoyed a powerful rally, with the grey precious metal even outpacing bullion gains.
 
 
...


64x64

Aeroflot Privatization Delayed to 2020 www.themoscowtimes.com

Russia's flagship national airline, Aeroflot, will be excluded from the government's privatization plans until at least 2020.

“The company should remain under the state's supervision,” said Oksana Tarasenko, the Economic Development Ministry's director of Corporate Governance, in an interview with Bloomberg published on Wednesday.

The Russian government currently holds a 51.17 percent share in the company.

The Ministry of Transport has repeatedly discouraged plans to sell an additional 25 percent of the state's share in Aeroflot, citing significant risks to the commercial airline industry. Some officials claim that without government support, the company could go the way of Transaero: a large Russian private airline that declared bankruptcy last year.

...


64x64

President of Mongolia is to pay an official visit to the Republic of Cuba www.gogo.mn

President of Mongolia is to pay an official visit to the Republic of Cuba on September 15-18 and is to attend the 71st session of the United Nations General Assembly in New York on September 19-24.
President Ts.Elbegdorj is to give a speech, expressing Mongolia’s position on the global issues. He will be visiting Philadelphia, USA, on September 23.

...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook