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

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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US stock indexes end at all-time highs www3.nhk.or.jp

Rising oil prices pushed up share prices in New York on Monday. All three major US stock indexes ended at all-time highs.
 
The Dow Jones Industrial Average gained a third of a percent to close at 18,636. Energy-related shares gained, as crude oil futures climbed to their highest level in about a month.
 
The tech-heavy Nasdaq rose more than half a percent. Analysts say a relatively weaker dollar is boosting a wide range of shares. The broader S&P 500 also hit a record high.
 
This is the second time in less than a week that the big three American indexes finished the same day at all-time highs.
 
But analysts doubt whether the bullish mood will continue for much longer as some data is painting a lackluster picture of the US economy. Retail sales in July were much weaker than market expectations.
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"DOING BUSINESS WITH MONGOLIA" seminar and business program London, UK www.mongolianbusinessdatabase.com

Mongolian Business Database (MBD) is starting to register its delegation to London UK for Mongolian British Chamber of Commerce's "Doing Business with Mongolia" seminar in Oct 20 and business program through Oct 18-24.
The MBCC is a not-for-profit membership organisation established in 2009 to foster strong business links between Mongolia and the UK. Chaired by Mr John Grogan former British Parliament member, it aims to provide a professional and social environment for business people who wish to be introduced to, and become part of, the British-Mongolian business culture and community.

The delegates will visit "The Commercial UAV Show International Exhibition and Conference for Unmanned Aerial Vehicles Country", The London Print Design Fair, UK's Parliament building and will take a part of the EPL's Chelsea vs Manchester United game at Stamford bridge stadium on Oct 22.2016.

Please visit www.mongolianbusinessdatabase.com for the program of this mission and register at dulguun@b2bmongolia.com or call 77109911, 77106611/95855059 for more information.
The registration will close on Wednesday, Sep 14.

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Indonesian carriers cleared for US flights after nine-year ban www.bbc.com

Indonesian airlines have been cleared to begin flying to the US, after a safety review by regulators.
The US Federal Aviation Administration (FAA) said Indonesia has regained its Category 1 top-tier air-safety rating after nearly a decade.
Indonesia's fast-growing aviation market suffered several high-profile accidents and was downgraded in 2007.
The European Union also recently lifted a ban on three Indonesia airlines.
Reports said state carrier Garuda Indonesia could begin flying to the US next year. It is exploring a possible new service from the Indonesian capital Jakarta to New York or Los Angeles, the report said.
India and Philippines were returned to Category 1 status in recent years after making improvements. However, Thailand was downgraded last December.
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Oil surges on possible talks between Moscow & Riyadh www.rt.com

Russian Energy Minister Aleksandr Novak said Russia is considering engaging in talks with Saudi Arabia on stabilizing oil prices. The possibility of a production freeze between the world’s largest producers has boosted global oil prices.“With regard to cooperation with Saudi Arabia, the dialogue between our two countries is developing in a tangible way, whether in the framework of a multi-party structure or on a bilateral level,” Novak told Saudi newspaper Asharq al-Awsat.
 
“We are cooperating in consultations regarding the oil market with OPEC countries and producers from outside the organization, and are determined to continue dialogue to achieve market stability,” he added.
 
The news helped recently slumping oil prices to rally. On Monday, North Sea benchmark Brent reached August highs of $47.61 per barrel, while US WTI crude traded above $45 a barrel.
 
Prices are rising despite data from the US that shows its oil rigs count continued to grow for seventh week in a row, the longest run since 2014.
 
A production shortage in Nigeria helped offset the US data, however. Nigerian Oil Minister Emmanuel Kachikwu said the country will not produce more than 1.5 million barrels per day (bpd) this year, as militants have seized important oil facilities. The country used to pump almost 2.5 million bpd.
 
The Russian Energy Minister doesn’t expect the oil market to rebalance next year, while the era of low prices is likely to end by 2017.
 
Novak’s words come just days after Saudi Energy Minister Khalid al-Falih said the Kingdom is ready to kick off talks with both OPEC and non-OPEC members in order to revive oil prices.Talks on a production freeze between Russia, OPEC, and other oil producers collapsed in April, after Saudi Arabia demanded that rival Iran be included in the deal. Tehran ruled out cutting production at the time, as it aimed to return to its pre-sanction production level of four million bpd.
 
An informal meeting of the world’s largest oil producing countries is scheduled for late September in Algeria.
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Switzerland tops 2016 global innovation index www.nhk.or.jp

A UN organization has placed Switzerland at the top of its list of the most innovative countries. Japan came sixteenth.
 
The World Intellectual Property Organization, or WIPO, ranks the innovation performance of countries and territories every year based on the number of patents and other indicators.
 
This year's ranking was released by the United Nations Office at Geneva on Monday.
 
Switzerland topped the list for the 6th consecutive year. WIPO said a number of new products and services created through innovation have led to the country's economic growth.
 
Sweden came second, and Britain third. Singapore was ranked sixth, the highest among Asian countries.
 
Japan came in 16th place. WIPO officials said that Japan, despite boasting a high level of research and development quality and holding many patents, failed to create new products and services.
 
China climbed to 25th place, a record for the country.
 
The officials said creating new services by combining multiple technologies is more likely to result in economic growth than by developing totally new ones.
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Russia set to become world’s biggest wheat exporter www.rt.com

Wheat exports from Russia are expected to outpace the European Union this year, according to the US Department of Agriculture (USDA), which projects that Russia will become the world's top exporter for the first time.Russia’s exports are expected to grow by 4.5 million tons for 2016/17 to a record 30 million tons thanks to a sharp production increase, the report says.
 
The wheat crop rose by 7 million tons to a record 72 million amid excellent growing conditions across the country as well as harvest reports showing very high yields.According to USDA statistics, EU exports this year will decrease by 7 million tons to 27 million from July through August due to a significant drop in French crops following a season of excessive rain.
 
US wheat exports are expected to rise by 700,000 tons to 25.5 million tons on projections of improved competitive conditions due to a sharp reduction in the EU which will benefit suppliers from North America, the report said.
 
Ukraine has also enjoyed good harvest reports and favorable weather, boosting the projected exports by 2 million tons. Australia, Canada, and Kazakhstan are each expected to increase exports by 1 million tons, all due to increased production.
 
However, all the calculations were based on ‘ideal’ conditions, such as good weather for wheat loading and steady supplies, according to USDA.
 
The report added that global demand is outpacing supply.
 
“Global use is up 3.2 million tons led by a million-ton increase in Russia feed use, an 800,000-ton increase in the US, and a 400,000-ton increase in Afghanistan,” the USDA reported.
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Germans should have to work until 69, says Bundesbank www.bbc.com

Elderly Germans may have to keep working until the age of 69 if a Bundesbank proposal is adopted.

It says Berlin should consider raising the retirement age to that level by 2060, from around 65 at the moment.

The central bank says that otherwise the country may struggle to honour its pension commitments.

It points out that the state pension system is in good financial health at present, but will come under pressure in coming decades.

The Bundesbank says that as baby-boomers - those born in the post-World War Two period - retire, there will be fewer younger workers to replace them.

'Step by step'

The retirement age for Germans is set to rise gradually to 67 by 2030.

However, the bank believes that from 2050 this increase will not be enough for the German government to keep state pensions at their target level of at least 43% of the average income.

It is therefore proposing pushing the retirement age up to 69.

"Further changes are unavoidable to secure the financial sustainability (of the state pension system)," the Bundesbank said in its monthly report.

But German government spokesman Steffen Seibert said they stood by retirement at 67.

"Retirement at 67 is a sensible and necessary measure given the demographic development in Germany. That's why we will implement it as we agreed - step by step," he added.

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China's Siri-like tech maker iFlytek profit surges in first half www.chinadaily.com

BEIJING - iFlytek Co Ltd, a company that develops Siri-like speech and language technology, said on Saturday that its net profit surged in the first half (H1) of 2016, thanks to business expansion.
 
Net profits in H1 rose by 78.97 percent year on year to hit 256 million yuan ($38.5 million), the hi-tech company said in a report filed to the Shenzhen Stock Exchange.
 
iFlytek's operating revenues rose to 1.46 billion yuan in the first six months, a rise of 40.7 percent year on year, thanks to its fast spreading artificial intelligence business.
 
The company's total assets reached nearly 9.3 trillion yuan at the end of June, up 2.2 percent year on year. Meanwhile, earnings per share stood at 0.2 yuan, up 66.67 percent year on year, the report said.
 
High-tech sector has became one of the pillars of China's economic growth along with the service sector and consumption as the economy shifting from a labor-intensive and credit-fueled growth model to one based on hi-tech, innovation, stronger consumer spending and the service sector.
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Ulaanbaatar and Ereen to boost ties in education www.en.montsame.mn

Ulaanbaatar /MONTSAME/ Chairman of the Citizens’ Representatives Khural of Ulaanbaatar, Mr Ts.Sandui received August 15 a permanent member of the Communist Party Committee and the deputy governor of Ereen City of China, Mr Uul, and discussed cooperation.
 
The latter invited Mr Sandui to attend the 7th China-Mongolia-Russia Economic Forum to take place in Ereen. The importance of this forum is growing with each year as a well-functioning bridge for commercial relations between the three countries, he highlighted and expressed interest in cooperating with UB in educational sector.
 
The chairman of the UB City Citizens’ Khural extended his gratitude for the long-standing friendship between the cities and his confidence in the growth of ties. He accepted the cooperation proposal in education and promised to study the possibilities with related officials.
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Tim Cook just admitted Apple is working on a new computing platform www.businessinsider.com

Apple CEO Tim Cook gave his clearest indication yet that the company is working on what many view as the next major computing platform.

In an interview with The Washington Post published Sunday, Cook said Apple is "doing a lot of things" with augmented reality (AR), the technology that puts digital images on top of the real world.

Here's the full quote:

"I think AR is extremely interesting and sort of a core technology. So, yes, it's something we're doing a lot of things on behind that curtain we talked about."

The most popular example of AR today is the smash hit Pokémon Go, which lets you catch virtual monsters in the real world. But there are more extreme examples, like Microsoft's HoloLens headset and the startup Magic Leap's so-called cinematic reality that's being developed now. Magic Leap thinks AR headsets could one day replace many of the screens in your life by projecting whatever it is you need in front of your eyes.

Although this isn't the first time Cook has admitted Apple is interested in AR — he's spoken about it in broad terms before on recent earnings calls — this is the first time he's explicitly said the company is working on the technology. 

Apple has also snapped up several companies and experts in the AR space. And in January, the Financial Times reported that the company has a division of hundreds of people researching the technology.

However, it'll likely be several years before we see an AR or virtual-reality product from Apple, assuming we see it at all. It's still very early days for the technology, which has loads of limitations, like requiring users to wear dorky headsets or being tethered to a powerful computer.

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