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

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Russia Stalls China’s $1 Billion Hydropower Loan for Mongolia www.bloomberg.com

Russia’s concern about water rights is holding up a $1 billion loan package Mongolia is seeking from China to build a hydroelectric dam that would help the landlocked central Asian nation ensure independent supplies of energy.
The Kremlin said in June the project to build the Egiin Gol Hydro Power Plant on the Eg River in northern Mongolia could threaten Lake Baikal 580 kilometers downstream. China is withholding funds until a compromise can be found with Russia, according to Mongolian government documents seen by Bloomberg News.
Mongolia wants to build the 103 meter high dam to generate more power during peak times and in the winter, easing its reliance on electricity from Russia and dependence on coal-fired generation. Its power imports from Russia cost Mongolia the nation of 2.8 million people more than $25 million a year.
“We need to know if we are independent or just a marionette of Russia and China,” Odkhuu Durzee, the director of the hydro-power project, said in an interview in Ulaanbaatar, the capital of Mongolia. “If we give up it means the Western coalition will lose Mongolia as a supporting nation -- the Mongolian people will know that we can do nothing without Russian or Chinese permission.”
The proposed Egiin Gol dam would lower energy costs by generating an additional 315-megawatts of renewable power. It would do so by harnessing the power of the Eg River, one the biggest tributaries flowing into the Selegne River, which eventually discharges into Russia’s Lake Baikal -- the biggest freshwater body on Earth.
Putin’s Concern
At a meeting last month with Mongolian President Tsakhiagiin Elbegdorj and Chinese President Xi Jinping, Russia’s President Vladimir Putin said the proposed dam would create “serious risks’’ to the water supply in the Irkutsk region. He proposed “increasing the supply of energy” to the Mongolia.
“We would like to study these plans very carefully with our friends in Mongolia and China,” Putin said at the time.
The United Nations Educational, Scientific and Cultural Organization, or Unesco, has bolstered the Russian case, issuing a report in 2014 saying that the dam would impact endangered species of fish and birds.
“This project may indeed have negative consequences for Baikal from our point of view,” Dmitry Peskov, a spokesman for the Kremlin in Moscow, said in a text message. “We have said that and keep saying it to our counterparts in Mongolia. We expect that we’ll be able to find mutually acceptable solutions during our bilateral contacts.”
Mongolia’s Response
Odkhuu said Russia’s environmental concerns are unfounded and the push back from Russia and Unesco is politically motivated. Mongolia’s foreign ministry has argued that since the Eg River doesn’t cross an international border, the matter is an internal one for Mongolia and Russia shouldn’t have influence.
In the absence of a deal with China, Odkhuu said he’s preparing to apply for funding from other nations including Japan, Korea and Norway if the finance from China Ex-Im Bank never comes through.
Officials from China’s foreign ministry and the China Ex-Im Bank didn’t respond to requests for comment. The president’s office in Mongolia also declined to comment.
“Russia wants to see energy control of Mongolia,” Odkhuu said. “It becomes a political issue. The power lever is in Russian hands. Anytime we are stop listening, we have a fear they will shut off the power, especially in winter.’’
Growing Demand
While coal-power plants create a steady baseload of electricity, hydropower can be increased or decreased to meet changes in demand, said Odkhuu. Power capacity is strained by increased development in Ulaanbaatar, which added housing in the past few years.
“Many people thinking this issue can be settled by building another coal fired power plant,” Odkhuu said. “But a hydro plant cannot be replaced by a coal plant, due to the need to regulate the flow of electricity.”
China’s burgeoning relationship with Russia may be putting Mongolia at a disadvantage in negotiations, according to Odkhuu. During the same June meeting in Tashkent, Russia and China celebrated the 15th anniversary of the Sino-Russian Treaty of Friendship.
“China now has political interest aligned with Russia,” Odkhuu said. “Chinese have a clear understanding this is not an environmental issue, they know its political.”
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Line messaging app set to launch year's biggest tech debut www.money.cnn.com

Popular messaging app operator Line is set to launch the year's biggest tech market debut.
On Monday, the company priced its IPO at 3,300 yen apiece, raising 115 billion yen ($1.14 billion). The Japanese firm is offering a total of 35 million new shares -- 13 million in Japan and 22 million in New York.
Line is slated for a dual listing later this week in New York and Tokyo, a much-anticipated debut that is the latest litmus test for tech IPOs, which have suffered a moribund year. Many companies are opting to raise money privately than to splash out with a public debut.
The company's IPO comes at a tough time -- Line faces growing competition from Facebook's (FB, Tech30) Messenger and WhatsApp, and Tencent's (TCEHY) WeChat. Plus, investors are still reeling from U.K.'s surprise vote to leave the EU, and remain wary in sentiment.
Related: This could be the biggest tech IPO of the year
Line debuted in 2011, and toyed briefly with an IPO in 2014 after quickly building a strong following with its business model of selling cute stickers that users buy, share and send with their smartphones. The app also offers a host of other services, such as voice and video calls.
Still, the company has struggled to greatly increase its foothold outside of its key markets of Japan, Taiwan, Thailand and Indonesia. As of the end of March, Line boasted around 218 million monthly users.
The app is a subsidiary of South Korea's Naver Corp.
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Japan's machinery orders down in May www3.nhk.or.jp

Japan's machinery orders for May fell for the second consecutive month.
 
The orders are considered a leading indicator of future capital spending.
 
Officials at the Cabinet Office say it was a 1.4 percent drop from April. They excluded the shipbuilding and power sectors, which tend to see large fluctuations.
 
Manufacturers decreased their orders 6.4 percent. The figure for non-manufacturers was also down 0.3 percent.
 
Economists at the Cabinet Office downgraded their assessment of orders. They previously were "showing signs of picking up" but are now "at a standstill."
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Oil near two-month low despite Saudi comment on market balance www.reuters.com

Crude prices edged down in early Asian trade on Monday to hold near two-month lows on seasonally weak consumption, despite comments from the Saudi Arabian oil minister that the oil market was becoming more balanced.
 
London Brent crude for September delivery was down 22 cents at $46.54 a barrel by 2247 GMT on Sunday. It settled up 36 cents on Friday after the U.S. economy posted the largest job gains in eight months in June and on worries about fresh militant attacks on Nigerian oil infrastructure.
 
NYMEX crude for August delivery was down 27 cents at $45.14 a barrel, after closing up 27 cents on Friday.
 
Saudi Arabia's energy minister Khalid al-Falih said on Sunday the oil market was becoming more balanced and prices were stabilizing, echoing earlier comments made on Monday.
 
Oversupply concerns, however, resurfaced on Friday with data showing the U.S. oil rig count rose by 10 as drillers added rigs for a fifth week in six as analysts predict production will start to edge up early next year. [RIG/U]
 
Renewed fighting erupted in South Sudan's capital on Sunday and forces loyal to Vice President Riek Machar said his residence was attacked by the president's troops, raising fears of a slide back into full-blown conflict in the five-year-old nation.
 
Chinese consumer inflation last month held below the official target of around 3 percent for this year, data released on Sunday showed, indicating persistently weak domestic demand.
 
Oil's big rebound in the first half of the year was a squandered opportunity for most hedge funds with positions in crude, and a surge in volatility is likely to make it harder for them to call the market in the second half.
 
Money managers cut their net long U.S. crude futures and options positions to the smallest levels since March in the week to July 5, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
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G20 agree to reduce industrial overcapacity www3.nhk.or.jp

Trade ministers from the Group of 20 economies have agreed to take collective steps to reduce industrial overcapacity.
 
The ministers wound up a two-day meeting in Shanghai, China, on Sunday by releasing a joint statement.
 
The statement says the G20 nations recognize that excess capacity in steel and other industries is a global issue, which requires collective responses.
The ministers agreed to step up collective efforts to tackle the problem effectively.
 
Japanese government sources say China was initially reluctant to address the issue, saying it's not appropriate for a G20 meeting to discuss it.
 
But they say the issue was ultimately referred to in the statement after many participants sought its inclusion.
 
The ministers plan to discuss whether establishment of a new international forum is necessary to deal with industrial overcapacity and share information on the matter.
 
Regarding the proposed scrapping of tariffs on environmental products, the statement says G20 nations will work to find common ground for an agreement by a G20 summit in China in September.
 
Such an agreement would cover such products as solar panels and wind power generation equipment.
 
The World Trade Organization is currently negotiating the matter.
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Japan shares higher on PM Abe election victory www.bbc.com

Japanese shares have moved higher on Monday after Prime Minister Shinzo Abe's government claimed a major election victory over the weekend.
Mr Abe's party won in an election for the upper house of parliament, saying that voters backed his economic policies.
Tokyo's Nikkei 225 was 2.6% higher at 15,495.15 in Monday morning trade.
The strong performance was in spite of data showing machinery orders for the past month lower than expected.
Mr Abe said the election result was a vote of confidence on his economic policies, although he has admitted himself that his Abenomics, aimed at ending debilitating deflation, are only "half done".
"We were given approval for our mandate to powerfully pursue Abenomics. We would like to continue with our efforts to achieve what we have promised," he said.
Strong US lead
Investors also took a positive cue from US jobs data on Friday, which came in stronger than expected.
US shares had finished higher last week on the back of the optimistic data.
In Australia, shares were up in morning trade, 1.7% higher at 5,317.70 points.
Markets were also reacting to the country's Prime Minister Malcolm Turnbull declaring victory for his Conservative coalition in last week's closely fought general election.
South Korea's benchmark Kospi was also in line with the broader regional trend, trading 0.8% higher at 1,977.81 points.
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China warns on global economy and says G20 must lead www.bbc.com

China's commerce minister says the outlook for the global economy remains grim despite it having overcome the impact of the 2008 financial crisis.
Gao Hucheng said at a G20 meeting in Shanghai that major economies must lead the way in tackling problems, including slowing trade and sluggish growth.
To boost trade the G20 ministers, from the world's major economies, agreed to cut trade costs, increase policy co-ordination and enhance financing.
They also approved a trade growth plan.
"We agree that we need to do more to achieve our common objectives for global growth, stability and prosperity," the G20 ministers said in a statement.
Mr Gao said the international community now expected the G20 to show initiative and leadership in solving economic growth problems.
China's will host the main G20 summit later this year.
'Deep effects'
"In the past few years through our shared hard work, the global economy emerged from its previous low and is developing in a good direction,'' Mr Gao had said at the meeting held over the weekend.
He added however that "the deep effects of the global financial crisis can still be felt".
"The revival and growth of the global economy is still lacking in strength," Mr Gao said. "Low levels of global trade and investment have not recovered to their pre-financial crisis levels."
Mr Gao did not mention Brexit in his opening remarks at the meeting, but the vote by the UK to leave the EU has added to the global financial uncertainty.
In June the World Bank cut its forecast for the global economy in 2016 from 2.9% to 2.4%.
And in April the International Monetary Fund had cut its forecast to 3.2% from 3.4%.
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Russian Car Sales Decrease 14.1% in 2016 www.themoscowtimes.com

Sales of new passenger cars in Russia have fallen by 14.1 percent in the first six months of this year, compared to the same period last year, the Association of European Businesses (AEB) said in a press release.
 
Compared to 2015, sales of automobiles in the first six months of the year decreased by 110,291 units, with the total number of sales amounting to 672,140 units.
 
June saw a 12.5 percent decrease compared to June 2015, with 17,562 fewer units having been sold during the month, according to the AEB's Automobile Manufacturer's Committee.
 
The chairman of the committee, Joerg Schreiber, said, “June sales did little to improve the cumulative result of the market in the first half of the year. Total market volume continued to erode at double-digit pace, faster than anticipated at the beginning of the year.”
 
The AEB forecasts that overall, 2016 will see a 10.3 percent volume reduction in sales compared to 2015, expecting sales to pick up in the second half of the year.
 
Notably, foreign brands continue to perform well in Russia, particularly American car maker Ford, whose sales in the first sixth months of 2016 saw a 51 percent increase from 2015, selling 20,678 units.
 
Three of the best-selling car models in Russia are foreign, with Hyundai's Solaris being the most sold car in Russia and models from KIA and Renault also in the top five.
 
Overall, the slowdown in the car market shows little signs of stopping, as sales continue to go down even after 2015, which saw an annual record-setting 36 percent reduction in Russian car sales.
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Russia set for record grain production in 2016 - UN www.rt.com

The UN’s Food and Agriculture Organization (FAO) has raised its forecast for this year’s global cereal production to over two billion tons, and is projecting a record harvest for Russia.
 
“This month’s upward revision rests on improved crop prospects in the EU, the Russian Federation (where a record crop is expected) and the United States, owing to favorable weather,” the FAO reported, adding that bigger harvests are also expected in China and India, while dry conditions dampened the outlook for Turkey.
 
The forecast for global production is 0.6 percent (or 15.3 million tons) higher than the 2015 estimate and above the FAO’s June projections.
 
According to the report, “world wheat production is now pegged at 732 million tons, 8 million tons higher than anticipated in June, but still slightly below the 2015 record.”
 
Forecasts of global rice production in 2016 have been increased by 0.8 million tons since last month to 495.2 million tons.
 
Russia produced almost 105 million tons of cereal last year and plans to increase production to over 111 million tons by 2017, according to the agriculture ministry.
 
The ministry is predicting grain production to grow by 25 percent over the next fifteen years to 130 million tons as a part of the strategic development of the cereals market.
 
The areas planted with grain are to be expanded, with cropped fields expected to increase to 49 million hectares (490,000 sq km) from the current 46 million.
 
The government expects to spend 2.9 trillion rubles ($38.2 billion) in the next 15 years with private investors providing another 3.1 trillion rubles ($40.8 billion).
 
Russian agriculture could become the country's second biggest export after energy, according to Agriculture Minister Aleksandr Tkachev. Last year, Russia's top exports were: oil at $90 billion; gas $40 billion; arms $15 billion; and agriculture $15 billion.
 
Russian Prime Minister Dmitry Medvedev said on Tuesday the country is gaining momentum as one of the world’s leading exporters of agricultural products.
 
"Russia is successfully regaining the status of a major supplier on the global food market,” Medvedev said, adding the government provides unprecedented state support for the agricultural sector.
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Hitachi, Japan Atomic Power to build UK reactors www3.nhk.or.jp

Japanese electronics maker Hitachi and Japan Atomic Power have agreed to work together in Britain's nuclear power plant business.
 
Executives at both companies said on Thursday that they hope the tie-up will help speed-up Hitachi's efforts in Britain.
 
Hitachi's British subsidiary has been using its leading-edge technology to develop 2 nuclear reactors.
 
Japan Atomic Power officials say they'll use their know-how to help Hitachi gain British government approval for the construction and operation of the reactors. They also expect to take part in the planning of the reactors' maintenance after they go into operation.
 
Japanese firms have been worried about their business in Britain since its recent vote to leave the European Union.
 
Hitachi and Japan Atomic Power hope to further accelerate the nuclear power plant business in Britain through their cooperation.
 
A Hitachi official notes uncertainties ahead, including exchange-rate effects. But he is expecting that the British government will proceed with the project as planned.
 
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