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    

Category

Events

Events

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

NEWS

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Mongolia - Singapore business matchmaking was held www.montsame.mn

The Mongolia-Singapore online business meeting has been a success every year, and the two sides have constantly explored opportunities for business cooperation. In order to support local businesses, provide them with access to the Singaporean market, and thus increase the economic growth of Mongolia, the Ministry of Foreign Affairs of Mongolia and the Embassy of Mongolia in Singapore, in collaboration with the Mongolian National Chamber of Commerce and Industry and the Singapore Business Federation, successfully organized the online event “Singapore Mongolia Business Matching Webinar-Assessing Mongolia and Singapore Markets Virtually” on June 16, 2021.
Currently, e-commerce is booming in the Southeast Asian region, despite the “COVID-19” pandemic continues to spread worldwide. Therefore, the business webinar was successfully implemented under the main objective of Mongolia-Singapore e-commerce cooperation and the development of the new business fields by sharing the experiences and opportunities of Singapore, where nearly 180 participants attended the event this year.
In addition, both sides announced that the Memorandum of Understanding between the Mongolian National Chamber of Commerce and Industry and the Singapore Business Federation had been concluded. Тhe establishment of this document will open opportunities for companies of the two countries to start and expand cooperation, increase investment, and implement joint projects and programs.
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China's achievements unprecedented in human history: former Italian PM www.xinhuanet.com

GLOBALink | China's achievements unprecedented in human history: former Italian PM

Source: Xinhua| 2021-06-13 09:41:38|Editor: huaxia
 
 

2021 marks the 100th anniversary of the founding of the Communist Party of China (CPC).

 

In an interview with Xinhua, former Italian Prime Minister Massimo D'Alema hailed China's extraordinary development under the leadership of CPC.

 

"China has made an extraordinary leap towards modernity and progress, which would surely be considered as the great historical credit of the Communist Party of China," said D'Alema, who has played a major role in Italian politics as a political heavyweight of center-left forces.

 

D'Alema also hailed China's great achievement in poverty alleviation.

 

"In human history, no one has ever been able to achieve such a huge transformation for the people's lives," said D'Alema.

 

During the interview, he also voiced concerns about the current state of dialogue between the East and the West. The pandemic and the post-pandemic problems ... " All require strong international cooperation, (and) I would even say a 'qualitative leap' in international collaboration," he noted.

 

"To use an old saying," he explained, "today's big problem is how to rebuild the conditions for a peaceful coexistence between different systems, in order to face common challenges most effectively."

 

Produced by Xinhua Global Service

 
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JinkoSolar's Holding Subsidiary Announces Investment of RMB315 million in Inner Mongolia Xinte High-purity Polysilicon Production Project with Annual Capacity of 100,000 Tons www.prnewswire.com

SHANGRAO, China, June 21, 2021 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its holding subsidiary, Shangrao JinkoSolar Industry Development Co., Ltd. plans to invest RMB315 million of monetary capital to increase capital and shares in Inner Mongolia Xinte Silicon Materials Co., Ltd. ("Inner Mongolia Xinte"), a wholly-owned subsidiary of Xinte Energy Co., Ltd. ("Xinte Energy") (HKEX: 1799). The investment will be used for the construction of a high-purity polysilicon production line with an annual capacity of 100,000 tons. After the capital increase is completed, the Company will hold a 9.00% stake in Inner Mongolia Xinte.
Mr. Kangping Chen, CEO of JinkoSolar Co., Ltd., commented, "Xinte Energy is a leader in polysilicon technology and industrialized operations. We are very pleased to extend this close partnership with them, and remain fully confident about the accelerated growth of the PV industry over the next few years. We believe that this investment is not only a solid growth strategy, but will help to stabilize silicon material supply and reduce supply chain volatility. By cooperating with upstream specialized manufacturers, we will continue to strengthen the advantages of our integrated capacity and solidify the foundation for mass production of high-efficiency modules year-over-year. We will continuously work towards win-win situations through deeper cooperation with our supply chain partners, and jointly promote the development of the global solar market and accelerate the transformation of green energy."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11 GW for solar cells, and 31 GW for solar modules, as of December 31, 2020.
JinkoSolar has 9 productions facilities globally, 23 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of December 31, 2020.
To find out more, please see: www.jinkosolar.com
Safe-Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com
SOURCE JinkoSolar Holding Co., Ltd.
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Petro Matad books loss as it develops Mongolia prospects www.investegate.co.uk

Oil company Petro Matad booked a full-year loss as it continued to develop prospects in Mongolia. Net losses for the year through December amounted to $3.2 million, compared to year-on-year losses of $16.8 million. Petro Matad said a licence application for the block XX asset continued to progress through a government approval process. 'There is no doubt that 2020 was a challenging year due to the disruption triggered by the global health pandemic,' chief executive Mike Buck said. 'Despite the difficulties, the company worked hard throughout to progress the application for the exploitation licence for block XX through a complex and lengthy process.' 'We appreciate the patience that many of our shareholders have shown as we continue to work with the Mongolian government to secure the requisite approvals.' 'The formal application for award of the licence has now been submitted to the ministry and we are working with the relevant departments as they process the necessary documentation.' Story provided by StockMarketWire.com

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Draft amendments to Law on Investment submitted to Speaker www.montsame.mn

On June 21, MPs Kh.Gankhuyag and D.Unurbolor presented draft amendments to the Law on Investment to Speaker G.Zandanshatar.
With the current Law on Investment in place, a foreign company has to choose its status as a business entity with foreign investment or a representative office prior to starting its business in Mongolia. Furthermore for entities, no less than 25 percent has to be owned by a foreign company through an investment of no less than USD 100 thousand. The MPs considered that the threshold is unnecessary for establishing a business entity with foreign investment. However, it is more suitable to specifically state the minimum amount of investment in Mongolia in the case where an investor and their family applies for a residence permit.
The aforementioned requirement for the minimum amount of investment is likely to cause difficulties for those interested in making further investments after investing a small amount initially. As for representative offices, they are not permitted to run business activities despite there being no restrictions regarding investment. Thus, they developed the draft amendments in a way so that:
• foreign and domestic investors are considered as the same, re-defining the term, ‘business entity with foreign investment’,
• the requirement for a minimum investment of USD 100 thousand is removed for entities with foreign investment, and added the requirement for the case in which an investor and their family apply for a residence permit,
• and developed the corresponding necessary amendments to be made for the Law on State Registration of Legal Entities.
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Endline Public Perception Survey for Mining, Communities, Water Management Project by IFC Mongolia underway www.montsame.mn

The Independent Research Institute of Mongolia (IRIM) is conducting “Endline Public Perception Survey for IFC Mongolia Mining, Communities & Water Management Project” commissioned by International Finance Corporation (IFC).
In 2013, IRIM implemented a baseline survey among the communities in the South Gobi region to understand the following issues: access to water, use of water and opinions on mining and water management. From 2014 to 2018, the International Finance Corporation (IFC) implemented project aimed to increasing the participation of mining companies in local water management and improving local people's understanding and attitudes towards water.
In this endline perception survey, representatives of 15 soums in South Gobi region will participate to identify the impact of the project, to determine the progress made by mining companies in fulfilling their commitments to protect water and to assess improvements of local community perception of the mining impact on water management. In quantitative research, 1,067 people of South Gobi region will involve, and will be conducted with local Environmental specialists and representatives of mining companies.
Objectives are to conduct representative population survey of all fifteen soums in the SG region to assess local peoples’ perception of the mining industry’s impact on the local water supply, compared with the results of the 2013 community perceptions survey to assess any changes and/or improvements in community perceptions of the mining industry’s impact on the local water supply and identify whether there are any changes in community perceptions IFC project activities (training, mine site visits, etc.), mining company actions (e.g. community outreach and engagement) and/or government initiatives.
Source: The Independent Research Institute of Mongolia
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Mongolian cashmere exported to Italy by land www.montsame.mn

Khanbogd Cashmere LLC shipped 20 tons of cashmere that meet international quality requirements and stardards to Italy on June 2 and the shipment arrived in Italy today, on June 22.
Ambassador of Mongolia to Italy Ts.Jambaldorj handed over the product to Falconeri S.R.L and Lanificio Luigi Colombo S.P.A companies.
Khanbogd Cashmere has previously been exporting its cashmere to Italy in 90 days through China and this time, by land, the cashmere reached its destination in 20 days.
10 of the 20 tons of cashmere holds the Mongolian Noble Fibre certification mark, which certifies that the product is made with 100 percent high quality wool and cashmere sourced from Mongolia, meets Mongolian and international standards for textiles and woven products, and fully complies with quality standards in environmentally-friendly manufacturing.
As 60-70 percent of Mongolia’s cashmere is currenly exported after primary processing, the Ministry of Food, Agriculture and Light Industry and the Mongolian Wool and Cashmere Associaiton are working towards reducing and eventually stopping export of washed cashmere and increasing production and export of value-added products.
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COVID-19: 2,231 new cases, 12 deaths reported www.montsame.mn

In Mongolia, 2,231 new cases of COVID-19 were detected from 11,765 tests performed nationwide in the past 24 hours, thus the country’s infection tally has reached 98,050.
According to the Ministry of Health, the majority of the confirmed cases are among young people aged 30-40.
1289 of the new cases were recorded in Ulaanbaatar city, 934 in aimags as well as eight hospital-acquired infections. Specifically, 14 cases were recorded in Bayan-Ulgii, 85 in Bayankhongor, 59 in Bulgan, 42 in Gobi-Altai, 11 in Gobisumber, 57 in Darkhan-Uul, 51 in Dornod, 57 in Dundgobi, 76 in Zavkhan, 54 in Orkhon, 48 in Uvurkhangai, 34 in Sukhbaatar, 43 in Selenge, 157 in Tuv, 32 in Uvs, 25 in Khovd, 85 in Khuvsgul, and 53 in Khentii.
In the past 24 hours, 886 people were recovered, which takes the total number of recoveries to 64,354. Currently, 12,415 people are receiving hospital treatment for COVID-19.
The Ministry of Health also reported that 12 people died from COVID-19, which brings the COVID-19 death toll to 459.
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Mongolia’s inflation soars to 6.2 percent www.news.mn

Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.
Inflation was 5.6% in April.
The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco (2.4% y/y), medicine (up 4.5% y/y), and a 5% price increase in housing, water, electricity, gas, and fuels y/y in 5M21.
The prices of imported goods and services increased by 14.3% y/y in the first five months, mainly due to border restrictions from China because of the COVID-19 pandemic.
“From 5M20 to 3M21, the domestic inflation rate fluctuated between 2-3%, falling below the central bank’s target. Analysts say this indicates a decline in economic activity during that period. During the pandemic, the government regulated price reductions for some goods and services. On the supply side, changes in the prices of government-regulated goods and services contributed to higher inflation, according to the central bank. In addition, commodity prices have been rising sharply with the easing of lockdown measures and while the economy recovers,” the American Chamber of Commerce (AmCham) in Mongolia notes in their newswire.
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Fitch Assigns Mongolia's Proposed USD Bond a 'B' Rating www.fitchratings.com

Fitch Ratings - Hong Kong - 21 Jun 2021: Fitch Ratings has assigned Mongolia's (B/Stable) proposed US dollar bonds a 'B' rating.
Proceeds from the proposed bonds will be used to repurchase a portion of the existing bonds maturing in 2022 and 2023 through a cash tender offer.
KEY RATING DRIVERS
The rating is in line with Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook.
Fitch affirmed Mongolia's Long-Term Foreign- and Local-Currency IDRs on 25 May 2021.
RATING SENSITIVITIES
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO NEGATIVE RATING ACTION/DOWNGRADE:
- External Finances: Evidence of heightened external stress, for example as a result of restricted access to external financing sources or a marked decline in foreign reserves.
- Public Finances: Failure to reduce the budget deficit and stabilise the government debt/GDP ratio.
- Structural Features: Political instability sufficient to significantly disrupt strategic mining projects or FDI inflows.
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO POSITIVE RATING ACTION/UPGRADE:
- Public Finances: Narrowing of the budget deficit consistent with putting government debt/GDP on a firm downward path.
- External Finances: The accumulation of larger foreign-currency reserve buffers and the implementation of a debt-management strategy that lowers refinancing risks and improves external debt sustainability.
- Macroeconomic: A resumption of stronger economic growth and export trends without the emergence of imbalances, and the maintenance of a favourable business environment conducive to robust FDI inflows.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Sovereigns, Public Finance and Infrastructure issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of three notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit https://www.fitchratings.com/site/re/10111579.
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