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

NEWS

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Yahoo sold to US telecoms giant Verizon www.bbc.com

US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash.
Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year.
The deal does not include Yahoo's valuable stake in Chinese firm Alibaba.
The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom.
Verizon said the deal for Yahoo's core internet business, which has more than a billion active users a month, would make it a global mobile media company.
The end of Yahoo: Why Verizon spent big
Marissa Mayer, chief executive of Yahoo, said: "Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL."
In an email to staff, Ms Mayer said she was "planning to stay", adding: "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter."

AOL chief executive Tim Armstrong said the deal was about "unleashing Yahoo's full potential", and creating a major player in mobile media.
Together they will have more than 25 brands, including Yahoo Mail, Flickr and Tumblr as well as AOL's Huffington Post and Techcrunch news sites.
Ms Mayer, who took the helm in 2012, has made little progress in returning the company to profit.
Last week the firm reported a $440m loss in the second quarter, but said the board had made "great progress on strategic alternatives".
Verizon and Yahoo were reported on Friday to be in exclusive talks over a deal.

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Copper price pulls back on rising USD www.mining.com

North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.
 
As the Dow, the S&P 500 and the Nasdaq indices all finished up, copper for September delivery on the Comex in New York slumped 2.6 cents or 1.2 percent to $2.23 a pound. Gold was down 0.67% to $1,322.39 an ounce, along with silver, which fell under the $20 an ounce mark to $19.64 – a 0.76% drop.
 
The kick in stock markets echoed greater confidence in the U.S. economy, measured by the U.S. dollar strength. The greenback ended the week at 97.49 on the dollar index, which is the highest it's been since March 9. The higher dollar comes on the back of data showing less Americans are filing unemployment benefits and that confidence among homebuilders is at a 9.5-year high. A higher dollar makes copper, and other commodities denominated in U.S. dollars, less affordable to purchasers in countries paying with other currencies.
 
In the United States the flash PMI – an advanced monthly indicator that reflects responses to a survey of purchasing managers in manufacturing – for July was 52.9, bettering expectations. Signs of a resurgent U.S. economy weighed on the copper price – despite the International Copper Study Group saying last week that the copper market had swung to 109,000-tonne deficit in April compared to a surplus in April 2015 – since that would indicate the U.S. Federal Reserve may hike interest rates again.
 
China, the world's top consumer of the metal, imported 22 percent more copper in the first half of 2016 compared to H1 2015. While that trend would appear to support the copper market, some analysts predict the good news is unlikely to continue for copper. Barclays Bank said on Friday that while copper prices averaged $4,692 a tonne during H1, 6% higher than the bank's forecast, it predicts the red metal will trade at about $4,150 a tonne throughout the second half, due to slowing Chinese demand. That would be 16.4% below the three-month forward prices on Friday of $4,965 per tonne, according to Metal Bulletin.
 
Copper hit a seven-week high on June 28, driven by growing expectations of monetary stimulus, a weakening US dollar and slightly more steady global markets following the Brexit vote.
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ALibaba’s Jack Ma visiting Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ Founder and executive chairman of the Alibaba, a family of successful internet business, Mr Jack Ma is visiting Mongolia at the invitation of Asashyoryu D.Dagvadorj. He arrived on July 24, and is to give a lecture at the Shine Mongol high school for young people on July 27.

On Monday, the 68th grand champion of professional sumo “Asashyoryu” Dagvadorj posted about this on Twitter.

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Nintendo shares plunge on Pokemon profit warning www.bbc.com

Shares in Japanese gaming giant Nintendo have fallen sharply after the firm said Pokemon Go's success would have a limited impact on its earnings.

Nintendo shares dropped by over 15%, after they more than doubled in value since the 6 July game launch.

Pokemon Go was developed by US firm Niantic and Nintendo said profits from licensing and fees would be limited.

The fall came as Japanese shares overall opened with solid gains boosted by strong US trading last week.

Friday saw the S&P 500 reach a record high shrugging off poor earnings results.

Tokyo's Nikkei 225 index was 0.9% higher at 16,776.55 with investors also pinning their hopes on a fresh round of stimulus from the Bank of Japan later this week.

In China, Hong Kong's Hang Seng was up 0.2% at 22,017.14 while the mainland Shanghai Composite remained flat in early trade.

In South Korea, the benchmark Kospi edged up 0.4% to 2,017.51 points.

Australia's ASX/200 rose by 0.6% to 5,532.40 points.

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Monthly economic report warns of Brexit impact www3.nhk.or.jp

The Japanese government kept its economic assessment unchanged in July, but warns of rising uncertainties following Britain's decision to leave the European Union.

The monthly report by the Cabinet Office says the Japanese economy is on a moderate recovery, while weaknesses have recently been seen.

Officials kept their assessments unchanged for most component items. They say private consumption is almost flat, while business investment is picking up.

But business sentiment was downgraded. The report says companies are becoming cautious, due to a stronger yen and increasing uncertainties in overseas economies.

Following the Brexit vote in June, the report calls for vigilance against rising economic uncertainties, as well as to the effects of financial market volatility.

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Huawei sees revenues surge in the first half of 2016 www.bbc.com

Chinese technology and smartphone giant Huawei has reported a 40% surge in revenue for the first half of 2016.
The firm reported 245.5bn yuan ($37bn, £28bn) in revenues, up from 175.6bn yuan for the same period last year.
It did not disclose its net profit but said the operating margin was 12%, down from 18% in the first half of 2015.
Huawei is the third-biggest smartphone vendor in the world behind Samsung and Apple and one of the world's largest telecommunications firms.
Originally known for its low-cost smartphones, Huawei has now moved into higher-end models.
The company said it had seen steady growth across all its business sectors.
Patent feud
The firm is currently in a long-standing patent dispute with South Korean rival Samsung.Samsung on Friday sued Huawei for alleged patent violation, the latest development in a series of disputes between the Asian smartphone giants.
The South Korean company said it took legal action to defend its intellectual property despite efforts to resolve the dispute amicably.
The court case comes after Huawei had sued Samsung over patent issues in May.
Huawei, based in Shenzen, has long been blocked from running broadband projects in the US and Australia. Its telecommunications devices for carriers, such as routers, are effectively banned in the US over fears they could be used by Beijing to spy on Americans.
Its other businesses, such as consumer electronic products -including mobile devices - are allowed in the US, but the firm has struggled to grow its presence there.
 
 
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June trade balance in black www3.nhk.or.jp

Japan's trade balance in June was in the black for the first time in 2 months. Low crude oil prices have pushed down the overall value of imports.

Officials at the Finance Ministry say the trade surplus was 693 billion yen, or about 6.5 billion dollars.

The value of exports shrank 7.4 percent from a year earlier. Steel was down 24 percent.

Imports also fell. They were down nearly 19 percent.
Crude oil, natural gas and other mineral resources plunged more than 30 percent.

The trade balance for the first half of this year has turned out to be 17 billion dollars in the black. That's the first biannual surplus since the latter half of 2010.

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No takers in Ukraine's privatization sale www.rt.com

Ukraine has failed to sell its largest ammonia maker, with no bids for the company, according to the State Property Fund (SPF).
 
The government wanted to sell a 99.567 percent stake in Odesky Pryportovy Zavod (OPZ), and was expecting to raise at least $600 million (15 billion hryvnia).
 
According SPF chief Igor Bilous, investors balked due to the number of reasons, such as the plant’s $193 million debt to agricultural company Group DF, a lack of tax benefits, restrictions on dividend payout, as well as the high cost of the enterprise.
 
The plant is currently in litigation with a company called Nortima that is supposedly owned by Ukrainian tycoon Igor Kolomoisky. In 2009, Nortima offered the highest of three bids in a privatization tender, but the SPF refused to recognize Nortima as the winner, saying the price of $600 million (5 billion hryvnia at the time) was too low.
 
“Potential investors were interested in the plant, but after they studied the package of documents and studied the situation in Ukraine and around the facility, they said they were not prepared to take part in the auction under the given conditions,” said the SPF.
 
The OPZ ammonia plant posted a net profit of 211 million hryvnia ($8.5 million) last year with a net loss of 419 million hryvnia ($16.9 million) in the first quarter, compared to a profit of 90 million hryvnia ($3.6 million) a year earlier.
 
The government’s privatization program aims to improve the companies’ efficiency and ease investors’ concerns over corruption on the state sector of the Ukraine’s economy.
 
In February, the Ukrainian parliament adopted a law for the sale of state assets following the suspension of the privatization of some of the country’s main businesses, including power utilities.
 
Another attempt to sell the plant could be made in the fall, according to Bilous. “I hope the decision to retry the privatization of Odesky will be made in the near future,” he said, stressing that all the risks around the plant and in Ukraine in general had their price.
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UK explores multi-billion pound free trade deal with China www.bbc.com

Chancellor Philip Hammond has begun discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy.
The Chancellor told the BBC it was time to explore "new opportunities" across the world, including with China, one of the UK's biggest inward investors.
That is despite a short term economic shock from leaving the European Union.
He added that the EU is not in "punishment mode" over the Brexit vote.
"What we now need to do is get on with it in a way that minimises the economic impact on the UK economy in the short term and maximises the benefit in the long term," Mr Hammond said, admitting that there had been "global disappointment" about the Brexit vote.
Chinese state media reported earlier in the month that the Chinese Ministry of Commerce wants to do a UK free trade deal.
Mr Hammond has now revealed that Britain is also keen.
It will be the first time the UK has embarked on such a major project with the second largest economy in the world.
And will raise concerns about cheap manufactured goods entering the UK more easily.
'More opportunity'
In return for greater access to the UK for its manufactured products and investment, China would reduce barriers to Britain's service industries like banking and insurance as well as UK goods.
That would be an important source of export income for Britain.
"The mood music that I have heard here is very much that this will mean more opportunity for countries like China that are outside the European Union to do business with Britain," Mr Hammond said.
"And as Britain leaves the European Union and is not bound by the rules of the European Union perhaps it will be easier to do deals with Britain in the future."
I asked if that could mean a free trade deal, bilaterally agreed with China which invested over $5bn (£3.8bn) in the UK in 2014.
"Definitely I could see such a thing," Mr Hammond told me at the meeting of G20 finance ministers in Chengdu, China.
"We already have a strategic partnership with China.
"We have hugely increased our trade with China, investment both by British companies into China and by Chinese entities into the UK.
"That's about as far as we can go while we are members of the European Union.
"But once we are out of the European Union then I have no doubt on both sides we will want to cement that relationship into a firmer structure in a bilateral way that's appropriate.
"That's something we will have to explore in the future."
'Steel dumping'
Mr Hammond said it would be "certainly appropriate" to start discussing a new deal over the next "couple of years" and the issue was raised here at Chengdu.
What might a deal - which could only come after Britain had officially left the EU - look like?
Senior government sources have told me that officials are looking at New Zealand's free trade agreement with China which took four years to negotiate and came into effect in 2008.
Care would have to be taken over security concerns and the possibility of China "dumping" cheap imports in the UK - for example steel.
'Punishment mode'
As well as a positive reaction from China, Mr Hammond said that he did not believe that the EU was trying to teach the UK a lesson over the Brexit vote by making negotiations over trade difficult.
"I don't think they are in punishment mode," he said.
"This is a meeting of finance ministers and central bank governors and, as you would expect, they are very much focused on the economic challenges and the economic prizes available.
"I have no doubt that everyone would want to see a very close relationship between the UK and the EU going forward because that will be good for the economies of the European Union and the economy of the UK.
"The challenge for us is to make sure that other politicians who are not so narrowly focused on the economic agenda also share that view and recognise that it is important not just for Britain but for Europe as well that we continue working closely together."
No project better sums up how investment in major infrastructure projects is now a global issue than Hinkley Point, the £18bn plan for a new nuclear power station in Somerset backed by France's EDF energy company and one of China's main nuclear suppliers.
Mr Hammond said that the government still supported the project, and that a final agreement would be signed "hopefully over the next few days" after an EDF board meeting to agree the details.
At the G20 many countries are now moving into practical mode - the Chancellor campaigned against leaving the EU and China argued against it, but Mr Hammond has clearly signalled that is now a matter for the history books.
The British public have spoken.
The present challenge is seeing how the fifth largest economy in the world can take advantage of that decision, rebuilding a "close" trading relationship with the EU and new economic relationships with countries, like China, which, it should be remembered, has never had a free trade agreement with any EU country.
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Britain's steel city signs $1.3b investment deal with Chengdu www.chinadaily.com

LONDON - Leaders of the Yorkshire city of Sheffield, famed for its steel industry, announced on Thursday a 60-year partnership with Sichuan Guodong Construction Group, one of the largest companies in China's Sichuan province.
 
The city council officially announced the deal on its website Thursday following the return to the city of the council leader and deputy leader from a visit to Chengdu, Sheffield's sister city.
 
"We are today announcing a 60-year partnership agreement with Sichuan Guodong Construction Group worth over 1 billion pounds ($1.32 billion)," said the council in its announcement.
 
The first tranche of funding associated with the agreement is worth $292 million and will fund four or five Sheffield city center projects over the next three years, the council said, adding the exact projects that the investment will fund are yet to be determined.
 
Councilor Julie Dore, leader of Sheffield City Council, said it is the biggest Chinese investment deal to be made by a British city outside of London.
 
"This is a real partnership. The projects funded by this investment will be determined by Sheffield City Council, and the 60-year commitment secures a stream of investment into our city for the next generation, and means a whole range of projects become viable because of the long-term nature of the relationship," she said.
 
"We are clear that this will create hundreds, if not thousands, of additional jobs for the people of Sheffield. The investment comes from China, but the workforce on these projects will be British," said Councilor Leigh Bramall, deputy leader of Sheffield City Council.
 
"This agreement is ground breaking. It will see the resources made available to deliver the vibrant, growing city center our city needs. This will make Sheffield even more attractive to inward investment, create jobs and enable us to compete with other big cities," he added.
 
Sheffield City Council has also recently signed co-operation trade agreements with Daqing, the leading center for the oil and gas industry in China, and the city of Nanchang, to boost trade between local companies in the Yorkshire city and China.
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