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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Events

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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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Nintendo shares surge on Super Mario game for iPhone www.bbc.com

Shares of Nintendo have rallied by as much as 18% in Tokyo after the company announced that a new version of its popular Super Mario franchise will be appearing on Apple's new iPhone.
Super Mario Run will be released in Apple's App Store in December.
It will be free to download but users will have to pay for the full game.
Smartphones are the gaming industry's fastest growing source of revenue and Nintendo has been criticised for being slow on the uptake.
It released an app called Miitomo earlier this year and plans to unveil more gaming titles by March 2017.
Super Mario creator Shigeru Miyamoto said an Android version would also be launched at a later date.
The evolution of Super Mario

Super Mario Bros was created as a sequel to Donkey Kong. It is the most successful video game series of all time.
Mario is an Italian-American plumber and has a younger brother called Luigi.
He was originally a carpenter.
In the game he has to navigate a series of levels, avoid enemies and collect coins along the way.

At the Apple launch event, Mr Miyamoto said to loud cheers from the audience, "Mario is running toward his next goal: iPhone."
Apple is also jumping on the popularity of online gaming.
Gaming phenomenon Pokemon Go will appear on the Apple Watch for the first time. The device will vibrate when users are near Pokemon or Pokestops.

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Investors are turning their attention to Mongolia www.gogo.mn

Three out of five economists consider that USD rate could be stabilized, if foreign direct investment is restored. Two of them consider that USD rate will be decreased, if commodity prices rise sharply. According to the Bank of Mongolia, official USD rate is at MNT 2213. Although tugrug (MNT) has declined since Sep, 2016 and the USD rate still remains high.  

Investors attending the 10th annual “Invest Mongolia-2016” international conference observed political stability and its opportunity and support offered to them. Also, they are in a stagnant mode to observe of any changes that newly formed Government to take in the mining sector, which makes up one-fourth of the budget revenue. However, policy makers and decision-making level participants have not attended the conference, which might disappoint investors greatly. 

As of second quarter of 2016, Mongolia`s foreign exchange reserves stand at USD 1.2 billion which will ensure 4.6 months of imports. Faced with economic difficulties, both foreign and domestic investors gathered in Ulaanbaatar city for two days. They wanted the Government to seek opportunities and keep policy succession. 

"Mongolia`s foreign exchange reserves once standing at USD 4.1 billion has been declining for three consecutive years due to instability in investment and collapse of commodity price. If investment environment in Mongolia stabilized, the investment could be restored in short and midterm", states Mr. Ts. Tumentsogt, Mongolian Permanent Representative of General Electric, International General Electrics.

10th annual “Invest Mongolia- 2016” international conference reports that Mongolia will keep attracting investors, if commodity prices outlook including copper, coal and iron ore remain positive. Masa Igata, the Founder and Chief Executive Officer at Frontier LLC mentioned that more than 800 delegates have attended this year`s conference. Number of participants have doubled compared to the previous year. On the other hand, increase in number of participants implies that investors are turning their attention to Mongolia. 

NEW OPPORTUNITIES FOR RENEWABLE ENERGY SECTOR 

Energy demand of six countries located in North East Asia is expected to be doubled over 20 years than the world average. World's leading energy consumer countries, which are rich in oil, natural gas, coal and renewable energy, are located in this region. They make up one-fifth of the world economy. Energy supply is one of the issues world's leading economic players are facing: ​China, South Korea and Japan. 

Energy and Infrastructure Director of Newcom Group, D.Gankhuyag noted: "Growing energy use of region attracts attention of energy exporters and it becomes new hope to attract investment from foreign and domestic investors in the renewable energy sector". 

Mongolia is able to provide a specific part of the region's rapidly growing energy demand using its own renewable energy resources, said Shigeru Yamamura, a Senior Energy Specialist at ADB’s East Asia Department.

SEE YOU IN JAPAN...

New partners attending the conference have said goodbye to each other by saying above words and shaking hands. They have agreed to strengthen their business partnership established in Ulaanbaatar at Tokyo. Two-day conference will be continued in Tokyo on Dec, 2016. During the upcoming conference, the parties will discuss implementation of Mongol-Japan economic partnership agreement and strengthening the strategic partnership between the two countries. 

Moreover, the next four-year action plan of the newly formed Government is to be introduced. Time is the most significant factor in business cooperation. "Good luck to foreign and domestic investors who can be defined as the busiest people, stated Masa Igata, the Founder and Chief Executive Officer at Frontier LLC. 

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ASEAN companies look to strike it rich in the neighborhood www.asia.nikkei.com

VIENTIANE -- Companies in ASEAN countries are on an investment spree in the region. Sensing opportunities in Southeast Asia's expanding consumer markets and ongoing infrastructure development, they are rushing to build factories and make acquisitions.

Companies from the Association of Southeast Asian Nations overtook their European counterparts in 2015 to become the biggest investors in the region by value for the first time in three years. That investment should help sustain economic growth regionwide.

The five-story Myanmar Plaza, which opened last December in Yangon, is a showcase for famous domestic and foreign brands, including German sportswear maker Adidas. Myanmar's first modern shopping mall is thronged with buyers from the country's swelling middle class.

The mall was built by Vietnamese real estate developer Hoang Anh Gia Lai. Next door, an office building has already been completed. An upscale condominium building is scheduled to go up by 2018. In all, $440 million will be invested in the complex.

Buying time

U.K. research company Euromonitor estimates ASEAN's retail market will expand by about 20% between 2015 and 2020 to $588.3 billion. Companies are piling in, trying to get a piece of the action.

Boon Rawd Brewery, a Thai maker of alcoholic beverages best known for its Singha beer, is pushing into Vietnam, investing a total of $1.1 billion in a food company and a beverage producer that are part of local conglomerate Masan Group. Vietnam Dairy Products, the biggest dairy maker in the country, in May began production in neighboring Cambodia.

According to a report issued Sept. 6 by the United Nations Conference on Trade and Development, investment in the ASEAN region totaled $119.9 billion in 2015, down 8% from the previous year but still the third-largest year on record. ASEAN companies accounted for nearly 20% of the total, taking the top investor spot from European companies, which had held the position for two years through 2014.

ASEAN companies are likely to continue their cross-border expansion, becoming serious competitors to Japanese companies operating in the region.

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Conference of Asian Scientists on green development to round up www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Foreign Affairs of Mongolia is hosting the “Role of Scientific Field in the Green Growth” international scientific conference these days at the Ministry’s Hall of Consensus. The meeting is being organized on Wednesday in Ulaanbaatar, by the Association of Academies and Societies of Sciences in Asia (AASSA), Mongolian Academy of Sciences, Ministry of Environment and Tourism, Ministry of Foreign Affairs, and Ministry of Education, Culture, Sciences and Sports.
 
The Association affiliates 34 scientific institutions of more than 30 countries. It was established in 2012 to promote cooperation between scholars and scientists.
 
The Mongolian Academy of Sciences is an active member of this association, having its president as the member of Board of AASSA.
 
The scientific conference is to bring together over 60 scholars from Mongolia, South Korea, Russia, China, Nepal, Bangladesh and Iran, and will consider 15 scientific papers.
 
The meeting will complete today.
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Ukraine seeks Chinese investment to revive the world's biggest plane www.rt.com

 
Kiev wants to attract $500 million of investment from China to complete an updated version of the world's biggest aircraft AN-225 Mriya (‘Dream’), the president of manufacturer Antonov told Reuters.
 
The cargo plane was developed in the former Soviet Union in the 1980s and was initially designed as a carrier for the Soviet Buran (Snowstorm) space shuttle. The only example completed is still in use. With a capacity of 250 tons the plane weighs 640 tons on takeoff.
 
Work on building a second plane started in 1988 but has never been completed.
 
Antonov’s deputy head said in May that Ukraine had been considering starting joint manufacturing with China and was planning to invite Chinese investors to the project.
 
On August 30, Antonov and China’s Aerospace Industry Corporation signed a cooperation agreement which will pave the way for serial production of the AN-225 in China.
 
Antonov President Oleksandr Kotsiuba said it could take about five years to complete the aircraft once a contract between the two sides is signed.
 
"The second Mriya will be completed here, in Kiev, and could cost up to $500 million depending on the equipment installed," said Kotsiuba, adding future cooperation with the Chinese company would depend on the successful completion of the plane.
 
The only existing AN-225 aircraft first flew in 1988 and is operated by Antonov Airlines, a division of the Antonov company.
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US media firm Liberty Media to buy Formula 1 www.bbc.com

US firm Liberty Media has confirmed it is buying the racing business Formula 1 for $4.4bn (£3.3bn).

The move ends years of speculation about the ownership of the company.
Bernie Ecclestone will remain as chief executive but Chase Carey, vice-chairman of 21st Century Fox, will become the new chairman.
Liberty Media has stakes in several sports and entertainment businesses, including the Atlanta Braves Major League Baseball club.
Owned by the billionaire John Malone, Liberty will initially purchase a minority stake in the world's leading motor-racing championship. A full takeover is planned if regulators approve the deal.
"We are excited to become part of Formula One," said Greg Maffei, chief executive of Liberty Media.
"We think our long-term perspective and expertise with media and sports assets will allow us to be good stewards of Formula One and benefit fans, teams and our shareholders."
Ecclestone said: "I would like to welcome Liberty Media and Chase Carey to Formula One and I look forward to working with them."
The total transaction values the firm at $8bn but includes $4.1bn worth of Formula 1's debt.
Liberty Media is buying the stake from the private equity firm CVC Capital.
CVC has held a stake for the past decade but sold some of its holding in 2012. It has been criticised for taking considerable profits from the sport, which has suffered from falling TV ratings in recent years.

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Seminar on supporting public diplomacy between Mongolia-S.Korea held www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ In frames of the ongoing Cultural Days of South Korea in Ulaanbaatar, a seminar entitled “Mongolia-South Korea public diplomacy” was held on Tuesday.
 
The Vice Minister of Foreign Affairs, B.Battsetseg made the opening remarks at the seminar. She noted 2016 is special year for top-level recirpocal visits of state leaders were hosted, and pointed out that Mongolia attaches a significance to strengthening the national security, protecting the vital interests, fortifying its position at the international fora and implementing the foreign policy goals through its soft power principle. The Mongolian government pursues a policy on intensifying the promotion of Mongolia abroad through the cultural bonds, she went on.
 
During the event, the Vice FM held a meeting with Oh Song, the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Mongolia; and Ko Hen Dong, the Ambassador of the South Korea’s Ministry of Foreign Affairs on public relations affairs.
 
Taking place annually, this year’s Cultural Days of South Korea in Ulaanbaatar will last until September 12 with a key purpose to provide the Mongolian and Korean people with a chance to know each other’s culture.
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China's green finance presents massive chances for global investors www.xinhuanet.com

SHANGHAI, Sept. 6 (Xinhua) -- For three decades, China's growth was fueled by government investment and exports of manufactured goods, but rapid growth and urbanization created serious environmental problems.
 
China's green finance now presents a massive opportunity for international investors.
 
The Chinese leadership is committed to environmental protection and sustainable growth, Yi Gang, deputy governor of the People's Bank of China (PBOC), told a forum on Tuesday.
 
Deborah Lehr of the Paulson Institute, said that China is a bellwether in green finance and believes that more international investors will be involved in green finance.
 
Last week, the PBOC and several ministries released plans for a complete green finance mechanism to make China the first country with such a set up.
 
The plan encourages private capital into green sectors and attempts to prevent investment that leads to pollution.
 
Ma Jun, chief research economist at the PBOC, estimates that the costs of cleaning up China's environment will amount to at least 3 trillion yuan (around 450 billion U.S. dollars) annually. Current fiscal resources can cover no more than 15 percent of that amount. A green market could bring significant private sector investment to meet this shortfall, which means opportunities for global investors, Ma said.
 
Helen Wong, general manager of HSBC Group, said that the group plans to invest 8 billion U.S. dollars in green industries, including 1 billion U.S. dollars in green bonds.
 
In the first seven months of 2016, China's green bond issues hit about 18 billion U.S. dollars, about 40 percent of the world total during the period.
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Loss of Russian market costs Ukraine $15bn www.rt.com

The barring of Ukrainian businesses from the Russian market has inflicted losses on the country of at least $15 billion, according to Ukrainian President Petro Poroshenko.
 
“Russia's aggressive closure of its market came as an economic shock for Ukraine…We lost tens or even hundreds of thousands of jobs, and this economic aggression is a primary reason for plummeting living standards," the president said in his annual address to the country's parliament on Tuesday.
 
Practically a third of Ukrainian exports went to the Russian market but at the moment the share is plunging, according to Poroshenko.
 
“Russia's share of Ukrainian exports currently stands at nine percent and is falling,” he said.
 
Russia and Ukraine were trading in accordance with the free trade agreement between CIS countries before the EU-Ukraine arrangement on a free trade zone came into effect in January.
 
After that Russian President Vladimir Putin signed a decree to suspend the free trade treaty with Ukraine from the beginning of this year. Putin said Kiev’s move to open its borders to the EU compromises Russian interests and economic security. Moscow is concerned that without such a barrier, Ukraine could illegally supply embargoed European goods to Russia.
 
The Kremlin also banned food imports from Ukraine in response to the country joining anti-Russian sanctions.
 
In response, Ukraine banned Russian food products from January 10 this year. They include pastries, chocolates, meat, fish, coffee, black tea, cigarettes, beer, and other products.
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Australia's economy toasts 25 years without recession www.asia.nikkei.com

SYDNEY (Reuters) -- Australia's resource-rich economy expanded at its fastest annual pace in four years last quarter, clinching a remarkable run of 25 years without recession as surging exports more than made up for a patchy performance at home.
 
The local dollar held firm at $0.7662 after news gross domestic product (GDP) rose 3.3 percent in the year to June, up from around 2.9 percent the previous quarter.
 
The value of all goods and services rose 0.5 percent compared to the first quarter, when output climbed by an unusually strong 1.0 percent.
 
Growth in the quarter was bolstered by a pre-election spurt in government spending combined with modest gains in household spending and home building. That helped offset another steep decline in mining investment, which has been dragging on the economy for more than three years now.
 
For the year as a whole, international trade was the biggest prop to growth as the hundreds of billions spent on mining projects yielded a bounty of resource exports.
 
Trade accounted for no less than 2.2 percentage points of growth in the year to June.
 
That strength in exports belied a much more mixed picture at home, where domestic final demand grew by just 1.2 percent in the year and household consumption grew by 1.6 percent.
 
The report also suggested the economy was not yet running hot enough to revive inflation, with the main GDP price indicator up only 0.3 percent for the year.
 
"If we didn't have a low inflation problem in Australia then these figures would argue against a rate cut," said Shane Oliver, chief economist at AMP Capital Investors.
 
"Inflation has been too low for too long and that could argue for the next rate cut in November," he added. "But I have to say it's a close call."
 
The need for even "stronger growth" was cited by the Reserve Bank of Australia (RBA) when it cut interest rates to record lows of 1.5 percent in August, and why it might yet ease again.
 
Financial markets now imply around a 44 percent chance <0#YIB;> of a further rate cut by Christmas.
 
LEADER OF THE PACK
 
Overall, the Australian Bureau of Statistics estimated annual GDP was worth A$1.65 trillion ($1.26 trillion) in current dollars, or around A$68,929 for each of the country's 24 million residents.
 
Annual growth was handily ahead of 1.2 percent in the United States, 1.6 percent in the European Union, 2.2 percent in the UK and even outpaced Germany's 3.1 percent.
 
There was also a welcome pick up in the country's terms of trade as prices for its major commodity exports bounced following a couple of years of steady decline.
 
That in turn helped lift national income, while nominal, or current price, GDP climbed 1.3 percent in the quarter for its best performance since late 2013.
 
"It appears that the income drag from falling commodity prices is over," said Michael Blythe, chief economist at CBA.
 
"Some simple calculations show that just a levelling out in commodity prices would see income growth pick up from 2 percent a year, to 4-5 percent over the next couple of years."
 
Such a turnaround will be warmly welcomed by the Coalition government of Malcolm Turnbull since it is nominal GDP that drives the tax take and an increase in revenues is desperately needed to rein in runaway budget deficits.
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