1 JAPANESE IMPERIAL COUPLE ATTEND WELCOME CEREMONY IN MONGOLIA WWW.ENGLISH.KYODONEWS.NET  PUBLISHED:2025/07/08      2 CU MONGOLIA EXPANDS LOGISTICS HUB TOWARD 1,000-STORE GOAL WWW.KOREAHERALD.COM PUBLISHED:2025/07/08      3 KHAAN QUEST DEMONSTRATES ‘STRENGTH AND RESOLVE’ OF PARTNERS TO SEEK PEACE WWW.IPDEFENSEFORUM.COM PUBLISHED:2025/07/08      4 EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT TO INCREASE INVESTMENTS WWW.MONTSAME.MN PUBLISHED:2025/07/08      5 UCHRAL NYAM-OSOR: ECONOMIC IMMUNITY MUST BE OUTCOME OF LONG-TERM INTELLIGENT POLICY WWW.MONTSAME.MN PUBLISHED:2025/07/08      6 MONGOLIA HOSTS ASIA-PACIFIC AIR TRANSPORT FACILITATION FORUM WWW.MONTSAME.MN PUBLISHED:2025/07/08      7 TMK ENERGY SIGNS DRILLING CONTRACT FOR LF-07 PRODUCTION WELL IN MONGOLIA WWW.TIPRANKS.COM PUBLISHED:2025/07/08      8 JAPAN EMPEROR, EMPRESS ARRIVE IN MONGOLIA WWW.NIPPON.COM PUBLISHED:2025/07/07      9 KFAED SUPPORTS MONGOLIA AIRPORT EXPANSION WWW.KUWAITTIMES.COM PUBLISHED:2025/07/07      10 DIPLOMATIC TIES ESTABLISHED WITH ALL UN MEMBER STATES WWW.UBPOST.MN PUBLISHED:2025/07/07      МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, ГЭРГИЙ Л.БОЛОРЦЭЦЭГ БОЛОН ЯПОН УЛСЫН ЦОГ ЖАВХЛАНТ ЭЗЭН ХААН НАРҮХИТО, ЭРХЭМ ДЭЭД ХАТАН МАСАКО НАР АЛБАН ЁСНЫ УУЛЗАЛТ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/08     Г.ЗАНДАНШАТАР: ХӨРӨНГӨ ОРУУЛАГЧАА УРЬЧИХААД УРДАГГҮЙ, ЗАЛЧИХААД ЗААМДДАГГҮЙ УЛС БАЙХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/08     Н.УЧРАЛ: ҮҮСМЭЛ ОРДУУДЫН 50+1 ХУВИЙГ ТӨР, АРД ТҮМНИЙ ЭЗЭМШИЛД АВАХ ЗАРЧМЫГ БАРИМТАЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/08     Г.ЗАНДАНШАТАРЫН ТЭРГҮҮЛСЭН ЗАСГИЙН ГАЗАР БАРИМТАЛЖ АЖИЛЛАХ БОДЛОГОО ТАНИЛЦУУЛЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/08     “МОНГОЛЫН ЭДИЙН ЗАСГИЙН ФОРУМ-2025”: ТӨР БОДЛОГО, ЧИГЛЭЛЭЭ ТОДОРХОЙ БАЙЛГАХЫГ ХУВИЙН ХЭВШЛҮҮД ИЛЭРХИЙЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/08     МОНГОЛЫГ СААРАЛ ЖАГСААЛТАД ОРУУЛЖ МЭДЭХ 7.3 ИХ НАЯДЫН АСУУДЛААР Д.ЗАГДЖАВ БИШ ЯАГААД С.МАГНАЙСҮРЭН АМ НЭЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/08     ЗАСГИЙН ГАЗАР НЭН ТЭРГҮҮНД ЯМАР АЖИЛ ХИЙХ ЁСТОЙ ТАЛААР ИРГЭДЭЭС САНАЛ АВЧ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/08     ЯПОН УЛСЫН ЦОГ ЖАВХЛАНТ ЭЗЭН ХААН НАРҮХИТО, ЭРХЭМ ДЭЭД ХАТАН МАСАКО НАР МОНГОЛ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙХЭЭР ХҮРЭЛЦЭН ИРЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/07     МОНГОЛ УЛС НҮБ-ЫН БҮХ ГИШҮҮН УЛСТАЙ ДИПЛОМАТ ХАРИЛЦАА ТОГТООХ ЗОРИЛТОО БҮРЭН ХЭРЭГЖҮҮЛЛЭЭ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/07     ТЭТГЭВРИЙН ЗЭЭЛИЙН ЗОХИЦУУЛАЛТЫГ ЦУЦЛАВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/07    

Category

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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Russia Launches Modernized Soyuz Rocket to Space Station www.themoscowtimes.com

A Russian rocket carrying three astronauts to the International Space Station successfully took off from the Baikonur Cosmodrome on Thursday, the state-run TASS news agency reported.
The launch marked the first flight of a modernized version of the venerable Soyuz spacecraft that Russia has flown since the late 1960s.
Known as the Soyuz-MS, the new vessel features an all-digital control system, streamlined internal hardware, and more efficient solar panels. It is intended to be the final modification of the Soyuz spacecraft, and will be used until Russia fields its still-in-development Federation spacecraft in the 2020s.
The crew will take the scenic route to the International Space Station. While Soyuz missions in recent years have often taken a quick, six-hour route to the orbiting outpost, the new modification will take a more traditional two-day route.
The vessel is commanded by Russian cosmonaut Anatoly Ivanishin, Japanese astronaut Takuya Onishi, and NASA's Kate Rubins. Their Soyuz-MS spacecraft is expected to arrive at the station on Saturday.

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Ukraine extends ban on Russian imports through 2017 www.rt.com

The Ukrainian government has prolonged the sanctions on Russian imports until December 31, 2017.
 
The decision “has been prepared for ensuring Ukraine’s national security in response to Russia’s introduction of respective trade bans and restrictions against Ukraine,” said Ukrainian Deputy Prime Minister Stepan Kubiv at a government meeting.
 
The current ban would was due to expire on August 5 this year.
 
The embargoes have led to a 42 percent drop in trade between the two countries in the first quarter of the year, according to Kubiv. He added that Ukraine was still losing other markets due to the measures.
 
In December, President Putin signed a decree to suspend the free trade treaty with Ukraine, starting from January 1, 2016. Before Kiev signed the EU association agreement, Russia and Ukraine traded in accordance with the free trade agreement between CIS countries.
 
Putin said Kiev’s move to open its borders to the EU compromises Russian interests and economic security. Moscow is concerned that without a barrier, Ukraine could illegally supply embargoed European goods to Russia.
 
Two years ago, the Kremlin introduced a food embargo against countries that supported anti-Russian sanctions over the conflict in Ukraine. These include the EU, the US, Canada, Norway and Australia. Albania, Montenegro, Iceland, and Liechtenstein were included in Moscow’s sanction list in 2015.
 
The ban, which includes meat, fish and milk products, as well as fruit and vegetables, was recently extended through 2017.
 
Last week, Moscow prolonged restrictions on Ukrainian goods transported via Russia to Kazakhstan and extended them to neighboring Kyrgyzstan.
 
Kiev says Russia's move violates the rules of the World Trade Organization.
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Challenges in doing intercontinental business to be addressed www.montsame.mn

Ulaanbaatar /MONTSAME/ On 13 and 14, Asia-Europe Business forum will be held with an aim to consolidate intercontinental business collaboration and share their best practices.

The forum which is the last side event of the ASEM Summit will bring together nearly 600 delegates from 51 ASEM member states and will provide a wide platform of addressing challenges businesses of intercontinental scale are confronted with and seeking best solutions. The forum will consists of four panel sessions under topics of inclusive economic growth, Asia-Europe interrelations, connecting small businesses to international value-added network, and investment and green development.

According to D.Nyamkhuu, the State Secretary of the Ministry of Industry, a total of MNT 258.830 million was budgeted for ht upcoming event organization.

Mongolia will be represented by some 300 business delegates who are afforded an opportunity to promote their activity to foreign businesspeople.

The panel session on inclusive economic growth will hold a debate on ways the small economies like Mongolia can benefit from economic integrations and relations of larger countries in. The Asia-Europe connectivity session will focus on infrastructure connectivity, economic corridor, migrations and sustainable tourism.

The other two sessions will address challenges the small and medium businesses face in joining value-added networks, relations between small and national enterprises and transnational corporations as well as responsible business, creating and application of green technologies and renewable energy sources. The final document to come out from the forum will be delivered to the ASEM Summit.

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Asia’s Investors Are at Risk From Slide in London Property Prices www.bloomberg.com

From Hong Kong’s central bank to China’s largest property developer, Asian investors have a lot riding on London’s real estate market.
Britain’s decision to leave the European Union has clouded the outlook for property, prompting asset managers to freeze withdrawals from real estate funds as investors rushed to redeem their money. Commercial property values could fall about 10 percent over the next year, led by declines in oversupplied central London, BlackRock Inc. said after the vote.
Investors from Asia accounted for 12 percent of the 10.7 billion pound ($13.9 billion) of direct real estate investment in the U.K. in the first quarter, making them the largest international group, according to Jones Lang LaSalle Inc. The country has been among the top five global real estate investment destinations for decades, especially for buyers from Singapore, China and Hong Kong.
“It’s a confidence crisis,” said Reid Mackay, Singapore-based managing director of EastGate Asia Pte, a real estate brokerage and advisory firm. “It will very much affect transactions that are pending.” Deals that are pending “are virtually put on hold. The transactions volume will probably fall,” said Mackay, who previously was executive director of Asia Capital Markets at CBRE Group Inc. for 15 years.
Finding Opportunities
Still, some developers see Brexit as an opportunity. Guo Guangchang, the Chinese billionaire chairman of conglomerate Fosun Group, said his company is increasingly eyeing development opportunities in Europe and particularly in the U.K. amid the current volatility. Singapore’s second-largest developer City Developments Ltd. is also looking for bargains in the London property market and is ready to pounce in a fire sale, Chairman Kwek Leng Beng said.
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Shares of Dalian Wanda Commercial Properties Company Ltd., which is building homes in London’s Nine Elms district, have fallen 7.2 percent in Hong Kong since June 23, while those of Malaysian company SP Setia Berhad have lost 9.5 percent. China’s largest developer China Vanke Co., whose shares started trading in Shenzhen on July 4 after being halted for more than six months, plunged almost 20 percent this week amid a tussle for control with shareholders. Here’s a list of select projects in London under development and some of the Asian backers whose money is riding on them.
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Chinese fund eyes Glencore gold mine in Kazakhstan www.mining.com

China's state-backed Silk Road Fund, a $40 billion venture that invests along the nation’s ancient trade routes with Central Asia, is said to be weighing a joint bid with China National Gold for Glencore’ gold mine in Kazakhstan.
 
According to sources familiar with the matter, quoted by Bloomberg, the group could pay up to $2 billion for the Vasilkovskoye mine, which is Glencore’s largest gold operation.
 
The sale would bring the Swiss mining giant closer to its target of cutting net debt to below $18 billion this year. It would follow similar recent moves, such as Glencore’s decision to sell an almost 10% stake in its agriculture unit to Canada’s British Columbia Investment Management Corp. for $624.9 million in cash last month.
 
Falling metal prices hit Glencore’s shares hard last year as investors became concerned about its debt load. But a strong 2015 performance from its trading arm, led the oil unit, and an aggressive debt reduction plan has helped trigger a significant bounce in its shares so far in 2016.
 
Glencore decided to consider selling its 70% stake in Vasilkovskoye mine earlier this year, after being approached by several suitors, and has appointed BMO Capital Markets and Deutsche Bank to handle a possible deal.
 
Chinese firms Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. have also been singled out as some of the competing bidders for the mine.
 
Vasilkovskoye’s gold output is pegged at roughly 350,000 ounces a year. A smaller gold mine Glencore used to own in Kazakhstan, Komarovskoye, was sold in April to Polymetal International for an initial $100 million.
 
Kazakhstan, the world's largest landlocked country by land area, is known for its riches.
 
According to data provided by the Embassy of Kazakhstan to the Canada, the Asian country holds the second largest uranium, chromium, lead, and zinc reserves, as well as the third largest manganese deposits and the world’s No. 5 copper reserves.
 
Kazakhstan is also said to rank in the top ten for iron, and gold, it’s a well-known diamonds exporter and holds the 11th largest proven reserves of both petroleum and natural gas.
 
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Samsung profit hits 2-year high on improved smartphone sales www.asia.nikkei.com

SEOUL -- Samsung Electronics's operating profit rose to its highest level in about two years, thanks to continued improvement in its smartphone sales.
 
The South Korean electronics giant said in a preliminary report on Thursday that it logged 8.1 trillion won ($7 billion) in operating profit for the three months through June, up 17% on the year. That was the fourth consecutive quarter of rises and the highest profit since the first quarter of 2014.
 
The numbers were helped by brisk sales of Samsung's mainstay Galaxy S7 smartphone, which came out in March. Sales rose 3% in the latest quarter to 50 trillion won, while the operating profit margin on sales stood at 16.2%. According to survey by QUICK-FactSet, the average analyst forecast was for an operating profit was 7.4 trillion won on sales of 51 trillion won.
 
Earnings by segment will be published later in the month, along with revised figures.
 
The better-than-expected second-quarter numbers sent Samsung Electronics higher on the Korea Exchange on Thursday morning. After a slow start, the stock gained momentum, briefly hitting 1.45 million won, up 29,000 won, or 2%, from Wednesday's close.
 
On July 1, Samsung shares hit a year-to-date high, matching the level last seen in April 2015, buoyed by hopes for strong second-quarter earnings.
 
NQN staff writer Atsushi Otani in Hong Kong contributed to this article.
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7th Model ASEM of youths launched www.en.montsame.mn

Ulaanbaatar /MONTSAME/ In the scope of the 11th ASEM Summit to be held on July 13-16 in Ulaanbaatar, the 7th Model ASEM of youths entitled “20 years of ASEM: Partnership for Future through Connectivity” started Thursday in the Central Youth Palace, Ulaanbaatar.
 
Opening remarks were delivered by L.Purevsuren, the Mongolian Minister of Foreign Affairs; Ambassador Zhang Yan, Executive Director of the Asia-Europe Foundation (ASEF); and A.Monkhbat, president of the Mongolian Youth Federation (MYF) and vice president of the World Assembly of Youth (WAY). The latter’s speech detailed about functions and actions of the MYF and emphasized that youth need to discuss nowadays challenges such as environmental issues, climate change, resolving conflicts and wars and combating corruption. Noting about the differences between Asian and European cultures, Monkhbat underlined that every nation has to keep its distinctive features.
 
In his speech, the Foreign Minister identified Mongolia as a bridge between Asia and Europe. As the host of the 2016 ASEM Summit, Mongolia is proud itself of connecting the continents through not only economic ties, but also political and diplomatic relations.
 
"Asia-Europe cooperation and its frame have broadened, but we still face many challenges. It is vital to design ways of resolving any problems and difficulties.
 
Nowadays youth is confronted with many challenges such as terrorism and poverty, but I am confident that the young generation will master these challenges, standing against terrorism and will make this world better,” he said.
 
After a concert of Mongolian folk dance and music for the guests, a photosession took place.
 
The one-day Model ASEM is continuing with discussing of the ASEM Outlook report 2016-2017 and a panel discussion on the ASEM process. List of panelists included L.Orgil, ASEM senior official for Mongolia; Marco Ferri, Minister Counsellor and official from the political section at the delegation of the EU to China; Katharina Hoene, a trainer and lecturer at the Diplo-Foundation; Rebecca Stetter, project coordinator for ASEM Outlook Report from ASEF; and Yu Fei, an official from the ASEF University Alumni Network (ASEFUAN).
 
The Model ASEM is being attended by 100 young people who were selected out of 3,900 applicants of Mongolia and all over the world. All of the participants and guests were granted with certificate of attendance as well.
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Japan seeks investment from Hong Kong www3.nhk.or.jp

Local governments in Japan are seeking overseas investors to help provide accommodation for the growing numbers of foreign tourists.
 
The Japan External Trade Organization hosted a seminar in Hong Kong on Wednesday to find investment for building and renovating hotels.
 
Japanese prefectural and municipal officials explained incentives to about 130 local investors and financial institution officials.
 
An official from Hokkaido stressed improved access from Tokyo and elsewhere as the Shinkansen bullet train line will be extended to the prefectural capital Sapporo.
 
A Yokohama city official offered tax breaks for luxury hotels.
 
But some investors expressed concern that the rapid strengthening of the yen triggered by Britain's decision to leave the European Union would discourage travel to Japan.
 
Many investors suggested they are waiting to see what Japan's central and local governments will do to invite more foreign tourists, such as opening local airports to international flights and further relaxation of visa requirements.
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Anti-Russian sanctions cost Western countries over $60bn - research www.rt.com

Countries that backed sanctions against Russia have suffered significant export losses with products targeted by the Russian embargo accounting for only a small fraction of the loss, according to the French research center in international economics CEPII.
 
“We find the overall costs to total $60.2 billion from the beginning of the conflict [in Ukraine in 2014 – Ed.] until mid-2015,” said the center’s report, adding that EU countries bear 76.7 percent of all the trade loss.
 
According to CEPII, the major part of that loss - 82.2 percent - is accounted for by the products that are not targeted by Russian countersanctions.
 
“Importantly, the products that are targeted by the Russian embargo account for only a small fraction of the total loss. This suggests that most of the impact of the diplomatic conflict on exports can be considered as collateral damage,” said CEPII.
 
The researcher used monthly data to evaluate the effect on French firms and found the sanctions had decreased individual firm’s probability of exporting to Russia, the value of shipments, and their price.
 
“Furthermore, between boycotts, country-risk, and trade finance, the latter [sanctions –Ed.] is found to best explain the stark decrease in French firms’ exports.”
 
For non-embargoed products, the average monthly value of export shipments to Russia decreased by 3.5 percent, said the report.
 
CEPII also assessed the “strength of pre-sanction economic ties,” saying that in 2012, prior to sanctions Russia accounted for about 2.3 percent of all sanctioning countries’ exports and 63.8 percent of Russian exports were destined for those countries.
 
EU sanctions against Russia were initially introduced in 2014 over the country’s alleged involvement in the conflict in eastern Ukraine and Crimea. They targeted Russia’s financial, energy, and defense sectors, as well as a number of government officials, businessmen, and public figures.
 
Moscow responded by imposing an embargo on agricultural produce, food and raw materials on countries that joined the anti-Russian sanctions. Since then the sides have repeatedly broadened and extended the restrictive measures.
 
Russia is the fourth-largest EU trading partner after the US, China and Switzerland. The country is also Europe's biggest natural gas supplier and one of its biggest oil suppliers.
 
Trade between Russia and the EU dropped from $417.7 billion in 2013 to $235.7 billion last year.
 
Recently, some European policymakers and businesses have become increasingly skeptical about the sanctions, pointing out that they have proven to be politically ineffective and economically harmful for both Russia and Europe.
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Tech and healthcare boost Wall Street www.bbc.com

(Closed): US stocks shook off early losses to close higher on Wednesday led by gains in tech and health care.
The Dow Jones rose 78 points, or 0.44%, to 17,918.62.
The wider S&P 500 index was up 11.18 points to 2,099.73, while the tech-focused Nasdaq climbed 36.26 points to 4,859.16.
Data from the Institute for Supply Management showed the US services sector, which accounts for two-thirds of the US economy, picked up in June.
The US trade deficit however increased by 10% as the stronger dollar led to decreasing exports.
Pharmaceutical companies led the market gains. Horizon Pharma climbed 4.7%, while Progenics Pharmaceuticals was up 9.3%.
Biotech firms AbbVie and Biogen each rose 2.3% after European regulators approved a new multiple sclerosis drug.
Tech firms also had a strong day.
Facebook's shares climbed 2.4%. Google's parent company Alphabet was up 0.6%.

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