1 39 MONGOLIAN STUDENTS TO STUDY IN GERMANY UNDER “PRESIDENT'S SCHOLAR - 2100” PROGRAM WWW.MONTSAME.MN PUBLISHED:2025/07/30      2 MONGOLIAN FLAG CARRIER TO START NON-STOP FLIGHTS BETWEEN SINGAPORE AND ULAANBAATAR FROM NOV 4 WWW.STRAITSTIMES.COM PUBLISHED:2025/07/30      3 WHEN CHINA SNEEZES, MONGOLIA CATCHES A COLD WWW.INTELLINEWS.COM PUBLISHED:2025/07/30      4 MONGOLIA–JAPAN INTERNATIONAL BUSINESS INNOVATION FORUM TO BE HELD ON AUGUST 18 WWW.MONTSAME.MN PUBLISHED:2025/07/30      5 GREENHOUSE PROPAGATION TECHNOLOGY FOR CONIFEROUS TREES UNDER TESTING WWW.MONTSAME.MN PUBLISHED:2025/07/30      6 DIRECT FLIGHTS FROM KOREA TO MONGOLIA'S KHUVSGUL LAUNCHED WWW.AKIPRESS.COM PUBLISHED:2025/07/30      7 8 KILLED, 41 INJURED IN ROAD ACCIDENTS IN MONGOLIA OVER NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/30      8 CONSOLIDATING PARLIAMENTARY DEMOCRACY IN MONGOLIA WWW.VERFASSUNGSBLOG.DE  PUBLISHED:2025/07/29      9 MONGOLIA’S NEW CHALLENGE: ILLEGAL DRUGS WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/29      10 PRESIDENT OF MONGOLIA PARTIALLY VETOES PARLIAMENTARY RESOLUTION ON THE IMPLEMENTATION OF “GOLD-3” NATIONAL CAMPAIGN WWW.MONTSAME.MN PUBLISHED:2025/07/29      ГАНГИЙН ЭРСДЛИЙН ҮНЭЛГЭЭГЭЭР ТАВАН АЙМАГ ЭРСДЭЛ ИХТЭЙ ГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/30     МОНГОЛЫН КОКСЖИХ НҮҮРСНИЙ ҮНЭ ХЯТАДЫН БООМТУУДАД ДАХИН ӨСЛӨӨ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙСЛЭЛД ХЭРЭГЖҮҮЛЖ БУЙ МЕГА ТӨСЛҮҮДЭД ХАМТРАН АЖИЛЛАХААР САНАЛ СОЛИЛЦЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     ОХУ-ЫН ШАТАХУУН ЭКСПОРТЫН ХОРИГ МОНГОЛ УЛСАД ҮЙЛЧЛЭХГҮЙ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/30     ЕРӨНХИЙ САЙДЫН АХЛАХ ЗӨВЛӨХӨӨРӨӨ Б.ДАВААДАЛАЙГ ТОМИЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/30     НИЙТИЙН ЭЗЭМШЛИЙН 50 БАЙРШИЛД ТӨЛБӨРТЭЙ ЗОГСООЛ БАЙГУУЛЖ, ТОХИЖИЛТ ХИЙГДЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/30     “MONGOLZ” БАГ УКРАИНЫ “NATUS VINCERE” БАГТАЙ БААСАН ГАРАГТ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/30     МӨРӨН НИСЭХ БУУДАЛ АНХ УДАА ОЛОН УЛСЫН НИСЛЭГ ХҮЛЭЭН АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/29     ХОТЫН ДАРГА Х.НЯМБААТАР БЭЭЖИН ХОТЫН ДАРГА ИН ЮНТАЙ УУЛЗАВ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29     ЧИНГИС ХААН БАНКНЫ ӨР ТӨЛБӨРТ ХӨРӨНГӨ АВАХААР БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/29    

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Events

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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China approves around $20 billion in urban rail projects www.reuters.com

China's state planner has approved urban rail plans costing 133.9 billion yuan ($20.08 billion) in the cities of Urumqi and Xiamen, according to statements published on the National Development and Reform Commission website.
 
The projects were a 33.8 billion yuan plan for 41.8 kilometers (26 miles) of subway lines in the northwestern city of Urumqi, as well as a 100.1 billion yuan scheme for 224 kilometres of lines in the coastal city of Xiamen.
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Vietnam, India and the Philippines are Asia's new VIP stock markets www.asia.nikkei.com

HO CHI MINH CITY -- Toshifumi Sugimoto, senior executive officer of Capital Asset Management, started the morning of Sept. 23 in Ho Chi Minh City with a hasty call to a trader in Japan. He put in a buy order for as many shares of major Vietnamese IT company FPT as possible, having just learned that its foreign-owned stake was up for sale.

Forty years after reunification, Vietnam has made an international name for itself as a manufacturing powerhouse. But the ownership ratios for many Vietnamese companies are still capped at 49%, so when those stakes go up for sale, competition to snap them up is fierce. In the case of FPT, Sugimoto said, an instant decision was crucial. He was proved right: All 2 million shares being offered were sold before noon.

Triple strength

Surging interest from investors is a common feature of Asia's VIP markets -- Vietnam, India and the Philippines -- which are drawing greater attention as global growth continues to disappoint.

Much of the excitement about India comes from the sheer size of its market. The country has a population of 1.3 billion, and demand-oriented businesses, such as medicine and smartphones, are thriving. Narayana Hrudayalaya, which made an initial public offering in January, offers affordable medical services. Using prefabricated hospitals and other cost-cutting measures, the company can provide heart operations at prices that are around half the average in India. The company's share price has risen 30% since its IPO.

The Philippines, meanwhile, is taking advantage of having English as one of its official languages to nurture the business process outsourcing industry. With the growth of the middle class, "domestic demand-based industries such as infrastructure development and retail are rapidly growing," said Micaela Abaquita, an analyst at securities company CLSA Philippines.

One of the beneficiaries is real estate developer SM Prime Holdings. Its Mall of Asia shopping complex, located some 6km from central Manila, covers 420,000 sq. meters, making it one of the largest malls in Asia. SM Prime's revenue in 2015 stood at 71.5 billion pesos ($1.48 billion), up 8% on the year. Investors are buying into the developer's growth potential, pushing up its share prices by 30% since the start of the year.

The benchmark stock index in Manila hit its all-time high in July, while the key indexes in the other two VIP countries matched their year-to-date highs in September. This robust performance stands in sharp contrast to Tokyo, where it has fallen more than 10% since the end of December.

A big draw for investors is the growing spending power of consumers in the VIP markets. With per capita gross domestic product in the three countries nearing the $3,000 threshold, more and more people are able to afford cars, home appliances and other big-ticket items. The Philippines and Vietnam, though well behind India in terms of population, each have nearly 100 million people. The middle classes in all three countries are expected to continue expanding for decades to come, with an nearly immeasurable impact on the economy.

Changes in government are also expected to give a boost to economic development. Philippine President Rodrigo Duterte, who took office in June, promises to invest more in infrastructure. Although he makes headlines mostly for his incendiary comments and controversial war on drugs, investors have high hopes that he will be able to carry out what he has promised, said Masato Horie at Mitsubishi UFJ Research & Consulting.

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China's trade remains stagnant www3.nhk.or.jp

The Chinese government has released trade figures for the country.

Customs officials say exports fell 10 percent in September from the same month last year, to 184.5 billion dollars. The figure was down for the 6th straight month.

Imports also shrank year-on-year for the first time in 2 months, by 1.9 percent, to 142.5 billion dollars.

Performance in both exports and imports was worse than predicted.

China's overall foreign trade totaled 327 billion dollars last month. That was 6.6 percent lower than the amount in September, 2015.

To bolster domestic demand, the Chinese government has been increasing construction of social infrastructure and supporting vehicle and housing sales.

But the latest data show that the world's second largest economy is still struggling with weak demand, both at home and abroad.

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IMF to send team here www.en.montsame.mn

Ulaanbaatar /MONTSAME/ The International Monetary Fund (IMF) sending a working group here on October 20, to assess the current state of economy.
 
A delegation headed by the Governor of the Bank of Mongolia took part in the annual meeting of IMF and the World Bank Group, held last week in Washington D.C.
 
The delegates have met the leaders of IMF and WB and discussed the economic difficulties facing Mongolia.
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IMF official says emerging markets crucial www.chinadaily.com.cn

The world will continue to rely heavily on developing nations, amid slowing momentum, to help keep the world economy growing, said Zhang Tao, a Chinese economic official who is the new deputy managing director of the International Monetary Fund.
 
"Looking into the future, emerging markets and developing countries will continue to contribute a great share of global growth," Zhang told reporters on Sunday evening.
 
Zhang was at his first yearly meetings of the IMF and World Bank in his new job. Zhang replaced Zhu Min, also a Chinese national, on Aug 22. The meetings were from Friday to Sunday in Washington, DC. Zhang is a vice-governor of the People's Bank of China and was IMF executive director for China from 2011 to 2015.
 
The IMF has forecast global growth to slow to 3.1 percent in 2016, below the April forecast of 3.2 percent. The 2017 forecast is 3.4 percent, below April's 3.5 percent figure.
 
Zhang called growth in Europe flat, while the United States forecast has been cut by 0.6 percentage point, a change he said that has not surprised the market.
 
He says he thinks that Brexit and some issues debated during the 2016 US presidential election have discouraged investors, while many developed countries also face declining productivity and aging populations.
 
Zhang described the debate in some developed countries about income inequality and its relationship with globalization as going beyond the economics.
 
Still, the world's second-largest economy, China has been a major engine for the global economy before and after the 2008 financial crisis.
 
According to the latest World Economic Outlook report released last week, financial market sentiment toward emerging market economies has improved.
 
But prospects differ sharply across countries and regions, with emerging Asia in general and India in particular showing robust growth and sub-Saharan Africa experiencing a sharp slowdown.
 
In advanced economies, a subdued outlook subject to sizable uncertainty and downside risks may fuel further political discontent, with anti-integration policy platforms gaining more traction, according to the report.
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Pimco took part in Deutsche Bank bond offerings: source www.reuters.com

Pacific Investment Management Co, which oversees more than $1.5 trillion in assets under management, took part in Tuesday's $1.5 billion Deutsche Bank AG (DBKGn.DE) bond offering as well as a $3 billion bond deal on Friday, a source familiar with the matter told Reuters on Wednesday.
 
Pimco, a unit of financial services provider Allianz SE (ALVG.DE) and one of the largest asset managers in the world, was said to be a major investor in both bond offerings, the source added. A spokeswoman for Pimco declined to comment.
 
Deutsche's bond spreads have been under pressure since September, when the U.S. Department of Justice asked the bank to pay $14 billion to settle an investigation into its selling of mortgage-bond securities.
 
But after raising $4.5 billion over two days, both times investor-initiated, the bank instilled some confidence that it is making progress in putting some problems behind it.
 
Deutsche paid a new-issue concession of around 50 basis points on Friday's deal, which was a chunky premium compared with its outstanding bonds.
 
But it was broadly in line with where its paper was trading after the sell-off occasioned by the Justice Department request.
 
Tuesday's self-led tap of its 4.25 percent October 2021s priced at 100.263 and a spread of 290 basis points over Treasuries for a yield of 4.191 percent, offering investors a premium of around 25 basis points.
 
The bond that priced Friday, which was sold to a limited number of investors, had rallied up to 40 basis points in secondary markets after clearing at 300 basis points over Treasuries.
 
Many of the same investors bought in again on Tuesday. Friday's deal was the first Deutsche Bank had sold in the U.S. dollar market in five months.
 
David Schawel, who runs opportunistic income strategy at New River Investments, said Pimco's involvement makes sense. "It's accretive to yield and their exposure is likely not big enough across portfolios to make a dent if it goes bad," Schawel said.
 
IFR, a unit of Thomson Reuters Corp (TRI.TO), first reported on both Deutsche Bank bond offerings.
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Deutsche Bank to pay $9.5 mil. penalty www3.nhk.or.jp

US regulators say Germany's leading lender has agreed to pay a fine of 9.5 million dollars. They say Deutsche Bank failed to properly safeguard non-public information generated by its analysts.

The officials at the Securities and Exchange Commission say the bank encouraged its equity research analysts to disclose unpublished reports to certain customers.

The commission has also accused the bank of issuing a report that is inconsistent with the opinions of the analysts who prepared it.

The SEC officials point out that information generated by research analysts, including ratings and estimates, has the power to move markets.

The commission says broker-dealers must enforce policies to prevent the abuse of such information.

The bank may face another huge penalty over the allegedly illegal sales of mortgage-backed securities before the financial crisis. The US Justice Department is investigating those allegations.

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National Grid: two coal plants to get £77m to be on winter standby www.theguardian.com

Two coal power plants will be paid a combined £77m to be on standby this winter as part of National Grid’s plan to minimise the risk of electricity blackouts.
 
The size of the UK’s capacity margin – the buffer zone between available power supply and predicted peak demand – will be revealed on Friday when National Grid publishes its winter outlook.
 
The margin is understood to be higher than the 5.5% predicted by National Grid earlier this year. That was itself an improvement on last year’s “tight but manageable” 5.1%.
 
The improved position has been achieved partly by paying around £144m for tools that can be used in case of unexpected events, such as a shutdown at a major power plant.
 
The largest of these tools is the supplemental balancing reserve (SBR), under which power plants are paid to be on standby for four months, ready to start up if needed.
 
Of the eight firms to win SBR contracts, the largest is the Eggborough coal power plant in North Yorkshire, which has agreed to provide up to 681MW of power.
 
Calculations by the climate campaign group Sandbag, and confirmed by separate industry sources, suggest Eggborough will be paid £60m to be on standby. The sum is the equivalent of more than 10% of the plant’s revenue during its last 18-month reporting period.
 
A coal plant owned by the power firm SSE at Fiddler’s Ferry in Cheshire is understood to have been paid £17m for the same service, making 422MW available.
 
Both plants will earn more if they are told to move to “hot standby”, an advanced state of readiness, and they will also be paid during startup and if they are asked to generate power. They will earn £3,908 and £3,000 an hour respectively to be on hot standby and £11,513 and £3,000 an hour while starting up. They will be paid for any energy they generate at guaranteed prices well above the average wholesale price.
 
The Sandbag energy analyst Dave Jones pointed out that coal power plants also stand to make millions from other subsidies and price spikes when energy demand is high.
 
“Many coal power plants are on for a bumper 2016,” he said. “The transition to phase out coal is happening quickly, but National Grid, Ofgem and the government must make sure the transition is not more expensive than it needs to be.”
 
National Grid is estimated to have spent £122m on SBR contracts this year, up from £33.9m last winter, to ensure that 3.6GW of capacity can be activated if needed. Peak demand is forecast to be 52.7GW this winter, while 54.7GW of capacity is available to draw on.
 
The extra spending is partly down to the closure of other coal plants as the UK aims to phase out the heavily polluting energy source by 2025.
 
The SBR is among several measures designed to minimise the risk of blackouts. National Grid is also paying for demand-side response, under which businesses are paid to use less energy, or change the time that they use it, if there is high demand.
 
The measures have cost £144m this year, or £1.80 on the average household bill, according to an estimate by the Energy & Climate Intelligence Unit.
 
The measures are designed to avoid blackouts in the event of a perfect storm of problems, such as multiple power plant failures during the high-demand afternoon period on a cold, windless day.
 
This winter is the last in which the emergency toolkit will be used. From next winter the new capacity market auction, one of several electricity market reforms and under which firms bid to provide power to National Grid, is expected to ease the constraint on capacity margins.
 
But the government is facing calls to make it easier for demand-side response to be used, rather than simply ratcheting up the amount of energy being produced by power plants.
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Russia, India to start joint airplane & helicopter production www.rt.com

New Delhi has sent an official request to Moscow to begin joint production of civilian aircraft for India, said Russian Minister of Trade and Industry Denis Manturov. Russia is ready to begin the project, added the minister.
 
“We can offer Russian experience in creating this aircraft, and could consider the possibility of participation both in this project as a whole and in its individual stages from the design stage to after-sales service,” Manturov told the Economic Times of India.
 
He also said there are plans for a joint venture to produce and supply Ka-226T utility helicopters. An agreement to build up to 200 helicopters is expected to be signed later this month. It includes servicing, repair and technical assistance.
 
The Ka-226T is a new version of the light multi-purpose Ka-226 helicopter, and has a take-off weight of almost four tons and a maximum speed of 250 kilometers per hour. It is capable of carrying up to 1100 kg payload in the cabin or on an external sling.
 
Russian Helicopters Holding is participating in a tender to supply two civil Mi-172 helicopters, in addition to those that are already operating in India, according to Manturov.
 
India has been a traditional buyer of Russian arms since the 1950s. Over the last five years, about 70 percent of the country's military purchases came from Russia.
 
New Delhi is in talks with Moscow to acquire a number of Russian-made Ilyushin transport aircraft for its air force. The mid-air refueling aircraft would enhance the operational capabilities of the Su-30 fighter jets specially developed for India by Russia’s Sukhoi Design Bureau. The Indian Air Force (IAF) is already equipped with Russian-built IL-78 mid-air refuelers.
 
India has more than 300 Russian Mi-8 and Mi-17 helicopters in its fleet.
 
The IAF has plans to purchase 48 additional Mi-17V-5 helicopters for $1.1 billion. Eighty Mi-17V-5s have been delivered to India in 2011-2013, after a contract was signed with Russia’s state weapons exporter Rosoboronexport.
 
In December India approved the purchase of five S-400 air defense systems from Russia which is part of the biggest arms deal between the two countries in a decade.
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Caterpillar, GE invest $30M in material-transport robotics company www.mining.com

Caterpillar Ventures was one of the investors in a $30 million financing for Clearpath Robotics, an Ontario-based company focused on self-driving technology.

Announced last week, Clearpath raised US$30 million from a group of investors led by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank.

Funding will be used for Clearpath's efforts focused on self-driving vehicles for material transport inside manufacturing and warehouse operations.

(Kitchener, Ontario – Oct. 5, 2016) – Clearpath Robotics, a leading provider of self-driving vehicle solutions, announced today the completion of a $30 million (USD) investment led by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank.

Clearpath will use the funding to grow the company’s industrial division, OTTO Motors. Clearpath launched OTTO Motors in 2015 to focus on self-driving vehicles for material transport inside manufacturing and warehouse operations.

“Factories operate like small indoor cities, complete with roads, traffic, intersections and pedestrians,” said Matt Rendall, CEO and co-founder of Clearpath. “Unlike city streets, a factory floor is a controlled environment, which makes it an ideal place to introduce self-driving vehicles at scale. Companies like Google, Tesla and Uber are still testing, whereas our self-driving vehicles are commercially available today.”

Companies including GE and John Deere have deployed OTTO’s material handling equipment in their facilities.

“The market for self-driving passenger vehicles will be over $80 billion by 2030,” Rendall said. “We believe the market for self-driving materials handling vehicles will be equally significant. Clearpath has a big head start, and this new funding will allow us to further accelerate the development of the best self-driving software in the industry – and bring more OTTOs into the world faster.”

“Software-differentiated hardware will disrupt every major sector over the next decade,” said Karam Nijjar, Partner at iNovia Capital. “Self-driving vehicles are already revolutionizing transportation. Clearpath has built a world-class team, technology and customer base to accelerate that vision. Clearpath isn’t just building the factory of the future; they are laying the foundation for entirely new business models enabled by artificial intelligence, autonomy and automation.”

Manufacturers need flexible and efficient automation more than ever due to rapidly changing market demands. The U.S. alone anticipates a shortage of more than two million skilled manufacturing workers over the next decade. Meanwhile, consumers are increasingly demanding ethically sourced, domestically made products. OTTO Motors’ self-driving indoor vehicles help fill the labor gap while providing manufacturers an affordable way to keep or return operations onshore. Clearpath is helping create a new industry and category of domestic jobs developing, servicing and working with their self-driving vehicles.

“Clearpath is developing exciting self-driving vehicle technology for industrial environments,” says Michael Young, Director at Caterpillar Ventures. “We look forward to collaborating with Clearpath to drive efficiency gains in Caterpillar facilities.”

Clearpath previously raised $11.2 million (USD) in a January 2015 Series A round led by RRE Ventures with participation from iNovia Capital, GE Ventures and Eclipse Ventures to develop their OTTO product line. Officially launched in 2009, Clearpath’s founders established the company by participating in a U.S. Department of Defense-funded robotics competition to design a robot that could detect and remove land mines. With help from a $300,000 angel investment the following year, the team pivoted from mine removal to providing unmanned vehicle development platforms for the global research community. After launching the first OTTO product in September 2015, Clearpath established its OTTO Motors division to focus on self-driving vehicles for materials handling.

About Clearpath Robotics

Established in 2009, Clearpath Robotics provides industry-leading self-driving technology, products and services to over 500 of the world’s most innovative brands in over 40 countries. Our self-driving solutions are offered through our research division, Clearpath Robotics, and industrial division, OTTO Motors. For more info, visit www.clearpath.ai.

About OTTO Motors

OTTO Motors, a division of Clearpath, provides self-driving vehicles for safe and efficient material transport inside factories and warehouses. The company’s line of OTTO vehicles use cutting-edge software and sensors to collaborate with workers and intelligently deliver goods – without modifying facility infrastructure or changing current processes. For more info, visitwww.ottomotors.com.

 
 
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