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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The 737 Max is about to fly in the US again www.cnn.com

New York (CNN Business)The Boeing 737 Max is set to carry US passengers for the first time in nearly two years on Tuesday, when American will use the jet on a round-trip route from Miami to New York.
It will be a pair of notable flights for the 737 Max, which was grounded from March 2019 through November 2020 after two crashes that killed 346 people. The flights come after the US Federal Aviation Administration last month approved changes Boeing made to the jet.
But some US fliers are nervous: A new poll out Monday from Reuters/Ipsos found that 57% of Americans surveyed said they were not likely to fly in a Boeing 737 Max, when they were informed about the plane's history. About 37% say they would be likely to fly in it once it has been in the air for six months or more.
Still, the same poll showed some people are either not aware of the 737 Max's history or have forgotten about the jet's issues. Of the US fliers surveyed, 39% said they were familiar with the Lion Air and Ethiopian Airlines crashes in October 2018 and March 2019, down from about 50% in a previous poll.
American would not disclose how many seats it has sold on Tuesday's flights, a 10:32 am ET route from Miami to New York's LaGuardia Airport, and a return at 2:30 pm. But as of late morning Monday, the airline's site showed only one main cabin ticket still available for the afternoon return.
Most other countries' aviation authorities have yet to approve the use of the 737 Max. But Brazilian airline GOL became the first carrier to offer passenger flights earlier this month, and Aeromexico resumed flights with the plane last week between Mexico City and Cancun.
Two other US airlines own the troubled jet: United Airlines (UAL) and Southwest (LUV), neither of which have added the plane to their schedule as of yet. United said it plans to do so sometime in the next three months, while Southwest anticipates doing so in the spring.
Almost all airlines globally have parked many of the jets they own, given the pandemic-fueled lack of demand for air travel -- so there is less immediate need to get the planes back in the air. But the 737 Max is more fuel-efficient than the earlier versions of the plane now in use, so airlines have an interest in getting the Max back into the air.
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Model hospital in Songinokhairkhan district ready for operation www.montsame.mn

Ulaanbaatar /MONTSAME/ A 200-bed model hospital in Songinokhairkhan district is ready for operation.
The hospital is to provide 17 main and 11 types of services to citizens. By putting the hospital into operation, 157 thousand citizens will be provided with opportunity to receive medical assistance and services in convenient environment that satisfies world standards. Moreover, the hospital is available to run its operation in emergency situation, using 100 beds for isolating persons suspected with COVID-19.
Construction of the hospital was supervised by the Capital City Investment Authority and technical commission approved the hospital to run permanent operation on November 11.
The hospital will be a model complex hospital in the country, having up-to-date technology and equipment and providing convenience of disabled citizens, other customers, physicians and hospital workers.
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Trump administration bolsters order barring U.S. investment in Chinese firms www.reuters.com

WASHINGTON (Reuters) -The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following disagreement among U.S. agencies about how tough to make the directive.
The Treasury Department published guidance clarifying the executive order, released in November, would apply to investors in exchange-traded funds and index funds as well as subsidiaries of Chinese companies designated as owned or controlled by the Chinese military.
The “frequently asked questions” release, posted on the Treasury website on Monday, came after Reuters and other news outlets reported that a debate was raging within the Trump administration over the guidance. The State Department and the Department of Defense (DOD) had pushed back against a bid by Treasury Department to water down the executive order, a source said.
Specifically, some media outlets reported that Treasury was seeking to exclude Chinese companies’ subsidiaries from the scope of the White House directive, which bars new purchases of securities of 35 Chinese companies that Washington alleges are backed by the Chinese military, starting in November 2021.
The guidance released on Monday specifies that the prohibitions apply to “any subsidiary of a Communist Chinese military company, after such subsidiary is publicly listed by Treasury.” It added that the agency “intends to list” publicly traded entities that are 50% or more owned by a Chinese military company or controlled by one.
“Treasury’s published FAQ represents a clear victory for the U.S. security community in its determined effort to preserve strong capital markets sanctions associated with [the executive order] — the first of their kind,” said Roger Robinson, a former White House official who supports curbing Chinese access to U.S. investors.
The November executive order sought to give teeth to a 1999 law, which mandated that the Department of Defense compile a list of Chinese military companies. The Pentagon, which only complied with the mandate this year, has so far designated 35 companies, including oil company CNOOC Ltd and China’s top chipmaker, Semiconductor Manufacturing International Corp.
Since the November order, Index providers have already begun shedding some of the designated companies from their indexes.
Additional Reporting by Humeyra Pamuk in Washington and Karen Freifeld in New York; Editing by Matthew Lewis and Stephen Coates
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Russia’s Far East attracts over $17 BILLION in foreign investment www.rt.com

Foreign direct investment in the Russian Far East has grown significantly since 2013, according to Deputy Prime Minister Yuri Trutnev. Special economic zoning and concessions have stoked investor interest in the region.
“When we started working on the development of the Far East in 2013, the share of foreign direct investment was just two percent. Today it accounts for 32 percent, which is a 16-fold increase,” Trutnev told Rossiya 24 TV channel on Monday. “The volume of investments has already exceeded 1.3 trillion rubles ($17.6 billion).”
The deputy PM added that the volume of private investment in the Far East is expected to grow to five trillion rubles (over $67 billion).
According to him, more than 100 billion rubles ($1.3 billion) of budget funds are being invested within the framework of a program for social development, and more than 1,000 social facilities are under construction.
Some 18 priority development territories, as well as the Vladivostok Free Port, have been created under the Far East’s development program. Hundreds of foreign companies have already obtained resident status.
The priority development territories in the Russian Far East provide the country’s citizens as well as foreigners with tax and customs concessions. In 2017, Russia lifted Far East visa requirements for 18 countries to boost tourism and develop the region.
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Under the Microscope: President’s Offshore Assets Cause a Stir in Mongolia www.intpolicydigest.org

As president of Mongolia, Khaltmaagiin Battulga has placed great store by his intention to purge local corruption and the holding by the country’s elite of assets in offshore tax havens.
Battulga made it a central plank of his election campaign that when he became president he would move swiftly and decisively to punish those responsible and to repatriate funds and investments held in offshore tax havens.
Since becoming president in 2017, however, he has been noticeably slow to do much to make this happen. The reason for his reluctance may be explained by the revelation that he and his family have close involvement in an offshore company.
In April 2017, Mongolia amended the law on conflicts of interest which strictly prohibits government officials and their close relatives and associates from owning property or companies offshore. The penalty for violation is the loss of office. Under that law, Singapore is such a designated offshore zone.
It can be disclosed that Genco Holding, a Singapore registered company, is 50 percent owned by Battulga through his daughter Namuun, and the remaining 50 percent is owned by Battulga’s investment manager Billy Lim via his son Dennis. Namuun Battulga and Dennis Lim are directors of the company.
Singapore documents show that until 2007, Battulga also held a senior position at Genco Holding. At that time, he was an elected member of Parliament and should not have been engaging in any business activity, especially as an officer of a company based offshore.
Battulga was a shareholder in Genco Holding and transferred his stake to his daughter. According to Singapore documents, Genco Holding was established with a share capital of $1 million. Genco is described as a wholesale trader in a variety of goods, including electronic components.
In Mongolia, Battulga’s reputation is that of a highly successful businessman and strongman. A sambo wrestling champion, he loves his tough-guy image, sporting a fedora and naming his Mongolian company Genco, the same title as the Corleone family front business in The Godfather mafia epic – a favourite of Battulga’s.
Genco grew on the back of the privatisation of state interests, acquiring hotels and food production factories. The company also moved into taxi services, retailing, lotteries, night clubs, and restaurants.
Battulga founded another company, Camex, in Mongolia, and its subsidiaries obtained 17 valuable licenses for coal, gold, and copper. Battulga owned 90 percent of Camex, and Batsukh Yadamsuren, or as he is widely known, Ard Batsukh, owned the other 10 percent. In 2007, Battulga transferred his Camex stock to Namuun and to his sister, Tsendsuren Khaltmaa.
This was all declared publicly in Mongolia. What was not known until now, however, was that ownership of the Mongolia Camex was in fact soon transferred to another Camex company, registered in Singapore. This Camex leases offices from Genco Holding and operates from the same Singapore address.
Camex in Singapore is owned by a company called Well Delight, located in another offshore haven, the British Virgin Islands. Well Delight in turn belongs to two other BVI companies, Best State and Sino Access. The shareholders of these BVI companies are Mashbat Bukhbat, secretary-general of the Judo Federation where Battulga was president, Ard Batsukh, and Hui Shin Lim Celestina, daughter of Billy Lim. The two parent offshore companies were later sold to another BVI company called Brave Lion. The purpose of this offshore web is unclear – except to make it harder to penetrate and to hide the identity of the ultimate owner.
In 2010, it was reported by the Hong Kong Stock Exchange that the Tugrug Nuur coal deposit in Mongolia had been sold by Battulga for $250 million to Chinese-owned Ming Shin Waterworks Holdings Limited, registered in the Cayman Islands. Who is behind Ming Shin?
The existence of a Battulga-owned firm in Singapore is bound to provoke questions and considerable anger in Mongolia. At the same time, he may want to show just how much due diligence he did regarding the destination of $250 million from the sale of one of the country’s natural assets.
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Baganuur and Shivee-Ovoo coal mines under technical renovation www.montsame.mn

Ulaanbaatar /MONTSAME/ Technology and equipment upgrades are underway at Baganuur and Shivee-Ovoo coal mines under the “Erdenes Mongol” LLC with a view to ensuring reliable and normal operations of the coal mines, electricity source suppliers in the country.
On December 24, Minister of Finance Ch.Khurelbaatar and Director of Infrastructure and Environment Finance Group of the Japan Bank for International Cooperation (JBIC) M.Tanimoto established a financing agreement of MNT 37.5 billion virtually to increase capacity of machinery and equipment of “Baganuur’ and “Shivee Ovoo” JSCs.
Financing of the loan with low-interest rate will enable to use Japanese technology and equipment, supply mining equipment to the abovementioned two companies as well as to establish Investment Fund in partnership with JBIC and make investment in projects to run by subsidiary and associated companies of “Erdenes Mongol’ LLC.
With funding of the export loan by the JBIC, first phase of renovation has been made this year by procuring 20 pieces of equipment worth USD 18.3 million.
Baganuur and Shivee-Ovoo coal mines are going under largest technical renovation after 22 years since the first renovation made in 1998 with soft loan of the World Bank and Japan within “Mongol coal” project.
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Mongolia reports 16 new cases of COVID-19, all in Ulaanbaatar www.akipress.com

16 new cases of COVID-19 were confirmed in Mongolia over the past day, all new cases were found in Ulaanbaatar, Head of Surveillance Department of the National Center for Communicable Diseases A.Ambaselmaa said on Dec 28.
A total of 8,894 PCR tests for coronavirus were conducted nationwide.
According to the Ministry of Health, the total confirmed cases of coronavirus in Mongolia reached 1,137, including 711 recoveries.
416 are being treated at hospitals, no deaths were reported.
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Mongolian geologists increase gold reserve by 53.14 tons www.montsame.mn

Ulaanbaatar /MONTSAME/ A geological exploration team from “Erdenes Silver Resource” LLC of “Erdenes Mongol” LLC has successfully conducted exploration to determine gold reserves that met international quality standard, increasing gold reserve of Treasury Fund of Mongolia by 53.14 tons.
This is a cooperation result of Mongolian geologists, scholars and researchers of mining sector.
The geological research team of “Erdenes Silver Resource” LLC has conducted the exploration to determine gold reserve for four months as developing proper working plan and collaborating with the Ministry of Mining and Heavy Industry, National Geological Service, Geological Research Center, Geological Central Laboratory, School of Geology and Mining, “Khanlab” LLC, “Geoanalytic” LLC, “Lend Test” LLC and experts P.Batchuluun and B.Baldorj.
By the Government resolution, the Mineral Resources and Petroleum Authority granted exploration license to “Erdenes Silver Resource" LLC on August 27, 2020 on 22641,51 hectares in a place called Ovoot khyar (XV-21670) located in Tsogttsetsii soum of Umnugobi aimag.
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Mongolian Australian Street Artist ‘Heesco’ attracts tourists to Yarram www.culturalpulse.com.au

On the edge of Victoria, south-east to Melbourne lies the small country town of Yarram. With a population of just over 2000 people, Yarram is now becoming known for its extraordinary murals, titled ‘Heesco Town’, designed by street-artist Khürelbaataryn Khosnaran, better known as Heesco.
Born and raised in Ulaanbaatar, Mongolia, Heesco always had a love for painting and drawing. He recalls being 13-14, living in Poland, exploring fine art galleries, and marvelling at the work of great painting masters.
Providing life to dull canvases, Heesco’s unique style is also influenced by comic books and heavy metal album covers.
He says, “[I was drawn to the] freedom of art.”
“I liked the idea of the career of an artist. They are free to do whatever they want to and express any kind of ideas and opinions.”
Heesco says that art is something he “cannot go without” and that finding a career in art has been a great joy in his life.
Hiromi Tango: An extraordinary Japanese-Australian artist
As with his work on ‘Heesco Town’, Heesco admits there is something special about working for different communities and seeing how his art can completely change the environment.
“Especially as my work is public and outside, it belongs to everyone,” Heesco says, adding, “even if it changes one person’s day then it is worth it.”
It took a while before Heesco incorporated the beauty of Mongolian culture in his work.
He says, “I was creating graffiti and hip-hop characters in traditional Mongolian dress. It was interesting to match these different, opposite cultures and create such visual mashups.”
“Not many people know about Mongolian history, despite there being centuries and centuries of material there. It never takes me long to find something new,” he adds.
“We are very proud of Heesco, a proud Mongolian Australian, and are working closely with him in support of his artistic talents as well as promoting Mongolia in Australia. There is a lot to learn about Mongolian culture and Heesco has put Mongolia on the map with a unique style of street art. He is an example of what you can achieve if you put your mind to it,”
– said His Excellency Chuluunhuu Batlai Ambassador of Mongolia to Australia.
Heesco’s murals are joyous, filled with vibrancy and colour. One of his signature works- a collaboration with other artists depicting former Prime Minister Malcolm Fraser- represents values of unity that Heesco feels strongly about.
He says that at the time he made this mural, he had been creating many works depicting political figures in a more negative light.
“It occurred to me that it is easy to attack those people and criticise them,” Heesco says, “I wanted to do something that was more positive.”
While Heesco was working on murals in Yarram for a friend, local farmer Eric Greenaway suggested that he make several more murals for the town and title the project ‘Heesco Town’.
Heesco says that this project has introduced an abundance of tourism into the area; something that has helped the community immensely following the bushfires and the impact of the pandemic on the area.
“People started coming up to me, telling me different stories,” Heesco says.
“[The murals are a] collaboration between local businesses, residents and myself. Very quickly all sorts of stories started to emerge.”
‘Heesco Town’ is unique and meaningful and continues to shape the local identity of Yarram.
Heesco says, “it is good to see how it has changed the town, but I would not be able to do it without the locals.”
by:
KELLIE MALONEY
Kellie is studying a Bachelor of Communications and a Bachelor of Arts in International Studies at UTS. She has a passion for travelling and experiencing other cultures through music, film, art and food.
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Chinese economy to overtake US 'by 2028' due to Covid www.bbc.com

China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast, a report says.
The UK-based Centre for Economics and Business Research (CEBR) said China's "skilful" management of Covid-19 would boost its relative growth compared to the US and Europe in coming years.
Meanwhile India is tipped to become the third largest economy by 2030.
The CEBR releases its economic league table every year on 26 December.
Although China was the first country hit by Covid-19, it controlled the disease through swift and extremely strict action, meaning it did not need to repeat economically paralysing lockdowns as European countries have done.
As a result, unlike other major economies, it has avoided an economic recession in 2020 and is in fact estimated to see growth of 2% this year.
The US economy, by contrast, has been hit hard by the world's worst coronavirus epidemic in terms of sheer numbers. More than 330,000 people have died in the US and there have been some 18.5 million confirmed cases.
The economic damage has been cushioned by monetary policy and a huge fiscal stimulus, but political disagreements over a new stimulus package could leave around 14 million Americans without unemployment benefit payments in the new year.
US and Chinese economies 2010-2035. Gross domestic product in $US trillions (constant prices). Chart shows Chinese and US economic output over time with China overtaking the US around 2028 .
"For some time, an overarching theme of global economics has been the economic and soft power struggle between the United States and China," says the CEBR report. "The Covid-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China's favour."
The report says that after "a strong post-pandemic rebound in 2021", the US economy will grow by about 1.9% annually from 2022-24 and then slow to 1.6% in the years after that.
By contrast the Chinese economy is tipped to grow by 5.7% annually until 2025, and 4.5% annually from 2026-2030.
China's share of the world economy has risen from just 3.6% in 2000 to 17.8% now and the country will become a "high-income economy" by 2023, the report says.
The Chinese economy is not only benefitting from having controlled Covid-19 early, but also aggressive policymaking targeting industries like advanced manufacturing, said CEBR deputy chairman Douglas McWilliams.
"They seem to be trying to have centralised control at one level, but quite a free market economy in other areas," he told the BBC. "And it's the free market bit that's helping them move forward particularly in areas like tech."
But the average Chinese person will remain far poorer in financial terms than the average American even after China becomes the world's biggest economy, given that China's population is four times bigger.
In other predictions:
The post-Brexit UK economy will grow by 4% annually from 2021-25 and 1.8% annually from 2026-30 (after shrinking in 2020)
India had overtaken the UK as the fifth-biggest economy in 2019 but has slipped behind it again due to the pandemic's impact. It won't take over again until 2024, the CEBR says
India's economy will go on to overtake Germany in 2027 and Japan in 2030
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