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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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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Asian shares rise on hopes for rapid vaccine rollout www.reuters.com

SHANGHAI (Reuters) - A broad gauge of Asian shares edged up to record highs on Monday morning as hopes for imminent coronavirus vaccines buoyed investor sentiment, but worries over the impact of economic lockdowns and uncertainty over U.S. stimulus capped gains.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.38%, pushing past a previous record high touched on Friday.
Trading activity was thin early in the Asian day, with Japanese markets closed for a holiday. Nikkei futures added 0.16% to 25,785 and Seoul’s Kospi was 0.84% higher.
The regional index also got a boost from Australian shares which gained 0.81% as the country eased some COVID-19 restrictions. Most of the country has seen no new community infections or deaths in several weeks.
In contrast, in the United States - where COVID-19 infections are quickening, total cases topped 12 million over the weekend and more than 255,000 have died - many hopes are focused on rapid vaccine rollouts.
A top government official of the U.S. government’s vaccine development effort said Sunday that the first vaccines could be given to U.S. healthcare workers and others recommended by mid-December.
Apart from the impact of pandemic-related lockdowns, many investors have taken a dim view of the slow pace of progress over stimulus to boost the U.S. economy.
U.S. Treasury Secretary Steven Mnuchin said on Thursday that key pandemic lending programs at the Federal Reserve would expire on Dec. 31, putting the outgoing Trump administration at odds with the central bank and potentially adding stress to the economy.
“Discussion is only beginning and may take some time if the recent partisan disagreements over the composition and magnitude of fiscal spending are any indication,” analysts at ANZ said in a note.
U.S. e-mini futures for the S&P 500 were 0.25% higher at 3,563 on Monday after U.S. shares slumped on Friday on a combination of dwindling aid for the U.S. economy and rising novel coronavirus infection rates.
The Dow Jones Industrial Average dropped 0.75%, the S&P 500 fell 0.68% and the Nasdaq Composite ended down 0.42%.
In currency markets, the dollar softened 0.06% against the yen to 103.79, while the euro gained 0.16% on the day to $1.1872.
The dollar index, which tracks the greenback against a basket of six major rivals, nudged down to 92.278.
U.S. crude rose 0.07% to $42.45 a barrel and global benchmark Brent crude rose 0.33% to $45.11 per barrel.
Spot gold rose 0.11% to $1,872.63 per ounce.
Reporting by Andrew Galbraith; editing by Richard Pullin
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China seeks to retrieve first Moon rocks since 1970s www.bbc.com

China is to make the first attempt to retrieve rocks from the Moon since the 1970s.
It is hoped the unmanned Chang'e-5 probe, to be launched on Tuesday, will bring back samples to help understand the Moon's origin and formation.
The last mission of its kind, Luna 24, was by the Soviet Union in 1976.
If the latest probe is successful, China will become the third country to have retrieved lunar rock, after the US and the USSR.
The Chang'e-5 spacecraft- named after the ancient Chinese goddess of the Moon - will be launched by a Long March 5 rocket.
The probe will attempt to collect 2kg of samples from an as yet unvisited area of the Moon named the Ocean of Storms.
In comparison, the 1976 mission collected 170 grams, and the Apollo mission that put man on the Moon brought back 382kg of rocks and soil.
Experts are hoping Chang'e-5 will give a better understand how long the Moon remained volcanically active and when its magnetic field - essential in protecting any life from the Sun's radiation - dissipated.
China made its first lunar landing in 2013 and plans to retrieve samples from Mars within a decade.
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The climate crisis is looming large on Wall Street www.cnn.com

London (CNN Business)For all their environmental overtures, banks are still pumping billions of dollars into fossil fuel companies. That could become a high-priced habit, as regulators move to tighten rules around how lenders reflect climate-related risks in their accounts.
What's happening: The European Central Bank said last week that it will start conducting "in-depth" assessments of how bank balance sheets account for climate risks in 2022.
Banks will, for example, be expected to disclose how flooding and storms could affect the value of their real estate portfolios and customer supply chains, as well as take into account losses that could arise if businesses adjust their operations to be less carbon intensive.
"Ensuring that banks' balance sheets also reflect climate-related and environmental risks is a prerequisite not only for the resilience of the banking sector, but also for the accurate pricing of these risks," the ECB's supervisory arm said in a statement on Wednesday, adding that it will begin discussions with lenders on the new approach early next year.
It's a major sign that financial regulators are not going to leave climate supervision solely to governments — and with good reason.
See here: Oil majors BP (BP) and Shell (RDSB) provide a cautionary example of what can happen to asset values as a result of climate-related shifts in the economy. Both companies have written billions of dollars off their books this year because the pandemic has changed the trajectory for oil prices — and both are dramatically accelerating their move into cleaner energy as a result.
With that in mind, it's only a matter of time before America's leading investment banks, which are much bigger fossil fuel funders than their European counterparts, are forced to get a handle on their climate exposures.
The US Federal Reserve has already put lenders on notice. In a first, it directly addressed the implications of climate change for banks in this month's financial stability report, saying that better disclosure could improve the pricing of climate risks and avoid the kind of abrupt changes to asset prices that cause financial system shocks.
"Federal Reserve supervisors expect banks to have systems in place that appropriately identify, measure, control, and monitor all of their material risks, which for many banks are likely to extend to climate risks," the Fed said.
JPMorgan Chase (JPM), Wells Fargo (WFC), Citi (C) and Bank of America (BAC) top a list of global banks funding fossil fuel firms. Since 2016, the four banks have poured over $800 billion into companies in the coal, oil and gas sectors, according to a report by the Rainforest Action Network, an environmental group.
Some major banks have recently pledged to align financing with the Paris climate goals, but the details remain hazy and the sheer size of their exposures mean it'll be easier said than done.
Big picture: Aside from damaging the planet, climate change could lead to heavy losses at banks and threaten the stability of the financial system.
More than half the syndicated loans of major US banks are in sectors of the economy that make them vulnerable to the risks posed by climate change, according to sustainability non-profit Ceres. This extends beyond loans to fossil fuel companies and includes sectors such as construction, manufacturing and agriculture.
Investors weigh in: It's not just lenders that face a climate reckoning. Also last week, a group of global investors managing over $9 trillion in assets wrote to 36 of Europe's largest firms, including BP, Volkswagen (VLKAF) and Lufthansa (DLAKY), calling on them to address "missing" climate change costs in their accounts.
Companies were selected based on their exposure to decarbonization risks and were urged to prepare "Paris-aligned" earnings reports that reflect what climate change means for their business.
"It would not be consistent to emphasise climate risks in the strategic report but not consider these same risks in the accounts," the letter said. "If accounts leave out material climate risks, too much capital will go toward activities that put shareholder capital at risk. Worse still, this puts all our futures at risk."
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China must ban new coal power plants to meet 2060 goal – report www.bloomberg.com

China needs to immediately stop building new coal power plants and double wind and solar installations to put itself on a path to meet its 2060 carbon neutrality pledge, climate researchers said in a new report.
China’s coal power fleet, already more than 1,000 gigawatts strong, is underutilized and already includes dozens of redundant plants, researchers from Draworld Environment Research Center and the Centre for Research on Energy and Clean Air said in the report.
The country should aim to whittle its coal fleet down to about 680 gigawatts by 2030, instead of plans by some in the industry to expand it to about 1,300 gigawatts.
With solar and wind power quickly becoming as cheap or cheaper than coal, such an building spree could result in more than 2 trillion yuan ($304 billion) in stranded assets, said Zhang Shuwei, Draworld’s chief economist and the report’s lead author.
“A further expansion of the coal-fired power industry would greatly complicate this challenge, requiring a cliff-fall of coal power generation after 2030,” Zhang said.
The report comes two months after President Xi Jinping shocked the world by announcing in a United Nations speech that China will be carbon neutral by 2060, although Beijing has yet to lay out detailed steps on how the world’s biggest polluter will get there.
Draworld and CREA researchers said that to meet the goal, China needs to ban new coal plants immediately and also double the installed capacity of new wind and solar power to at least 100 gigawatts annually.
“There is no leeway to construct new long-lived fossil fuel infrastructure such as coal power, which would need premature retirement to meet China’s vision to achieve net-zero emissions,” the researchers said in the report.
(By Dan Murtaugh and Karoline Kan)
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Copper price soars to highest since 2014 on vaccine hopes www.mining.com

Copper price surged to a fresh two-year high on Friday following positive reports on covid-19 vaccine breakthroughs from Pfizer and Moderna.
On the Comex market, copper for delivery in December gained 3.1% to $3.3015 a pound ($7,276 a tonne) by mid-afternoon in New York. If copper closes above $3.30 it would be the highest level since January 2014.
The metal surged as much as 1.6% to $7,207.50 a tonne on the London Metal Exchange, to the highest since June 2018.
Pfizer and BioNTech SE plan to file for emergency use, allowing for the vaccine, which they say is 95% effective, to be used in the US in the next month.
Copper is heading for an eighth straight monthly gain, the longest run in almost a decade, as rebounding growth in China and signs of progress in developing a covid-19 vaccine buoy demand prospects.
Investors are also betting on a boost from spending on green infrastructure following the five-year plan hammered out by China, as well as alternative-energy initiatives outlined by US President-elect Joe Biden.
“Generally a strong week for industrial metals with vaccine news driving recovery hopes outside China where demand is already robust,” Ole Hansen, head of commodity strategy at Saxo Bank A/S, told Reuters.
“Positive news for the metals is compounding and copper is gaining momentum,” RJO Futures senior market strategist Peter Mooses told Bloomberg.
“Base metals have been driven by bullish news all around, and a vaccine is just what the market is looking for: a long-term solution to fears for further disruptions to a global recovery.”
Fear of supply disruptions
As coronavirus infections surge worldwide, fears of further near-term disruptions to supply are also fueling gains.
Peru’s currency fell to a record low over the last weekend amid political chaos and the largest protests in the capital Lima in decades. Experts have also warned that further upheavals threaten the fight against the coronavirus in the country, which, with a population of 32 million, has one of the world’s highest per-capita death rates from covid-19.
In a note, BMO Capital Markets said the unrest in Peru, the world’s number two copper producer behind Chile, while focused on the capital, could cause issues for copper concentrate logistics (plus other metals), should the situation escalate.
Workers at Lundin’s Candelaria in Chile pushed a strike into a second month, as operations remained at a standstill.
A worker´s union at Antofagasta Minerals’ Centinela copper mine in Chile is preparing to vote next week on a contract offer but says it will likely reject it, paving the way for a strike.
“As we see cases increase, we have to expect that further restrictions are not far behind,” ED&F Man Capital analyst Edward Meir told Bloomberg.
“The spreading virus could be raising fears that mining operations will again be halted, fueling this supply premium.”
(With files from Reuters and Bloomberg)
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Over 11,000 donated sheep from Mongolia arrive in Wuhan www.chinadaily.com.cn

The first batch of 11,267 sheep from Mongolia's total donation of 30,000 sheep have recently arrived in Wuhan, Central China's Hubei province, the area hit hard by the COVID-19 earlier this year, Hubei provincial department of commerce said on Friday.

The department on Friday afternoon held a welcoming ceremony for the arrived sheep. Qin Jun, the department director, said Hubei people have happily received the warm gifts and expressed appreciation for Mongolian government and people.

He said the Hubei Provincial Party Committee and provincial government have decided to distribute the sheep to front line workers and their families as a token of thanks for their contributions in the fight against the COVID-19.

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"Cashmere, Wool, Fur & Leather 2020" online expo/ face-to-face B2B meetings

We are inviting all kinds of stakeholders and players on cashmere,wool,fur & leather industry and sale such as technology supplier, manufacturer, designer, exporter/importer, agents, license holders, investors.
Please contact for inquiries at contact@mongolianbusinessdatabase.com 976 99066062 and register at www.b2bexpomongolia.com

Benefits:

We will create an online colourful catalogue and promote “THE EXHIBITORS CATALOGUE” widely through all MBD information links.
We will arrange individual B2B online matchmaking sessions for the exhibitors. (We will intent to manage at least 5 potential meetings on each exhibitors during the event))
The online catalogue will be kept on www.mongolianbusinessdatabase.com, www.b2bexpomongolia.com websites till the end of 2020. (It is the leading B2B web portal site on Google’s “Mongolia business” search according to its stabled visitors from 80-90 countries regularly)
The registration will close on Nov 25. 2020.

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A Tailored Solution to Support Small Business in Mongolia www.ifc.org

In Mongolia, lack of financing and capacity are key barriers for small business owners to grow and expand their businesses. The ongoing pandemic has further exacerbated the situation.

In response, IFC launched a series of strategic efforts to support Mongolian businesses since the outbreak. The latest initiative is an innovative Mongolia Tugrik (MNT)-denominated loan facility to Transcapital, which will ultimately benefit more than 15,000 micro and rural entrepreneurs.

“IFC’s innovative financing will allow us to expand our support to Mongolian micro and small enterprises while contributing to the nation’s effort to rebound from the COVID-19 crisis,” said Altanzul Zorigt, CEO, Transcapital.

The facility includes a three-year loan of about MNT 8.4 billion (about $3 million) from IFC’s own account and a syndicated loan of about MNT 25.2 billion (about $9 million) from impact investment funds. They include Invest in Visions GmbH, as arranged by German research agency, Agents for Impact GmbH and Co. KG, as well as BlueOrchard Finance Ltd.’s Microfinance Initiative for Asia, ACTIAM and Developing World Markets.
“This is the first time IFC has invested in a non-banking financial institution in Mongolia. This is also our first local currency syndication in the country. The financing signals our strong commitment to helping Mongolian enterprises in the recovery and rebuilding process in the wake of COVID-19,” said Rufat Alimardanov, IFC’s Resident Representative for Mongolia.

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COVID-19: 13 new cases detected, total reaches 518 www.montsame.mn

Ulaanbaatar /MONTSAME/ At the press briefing of the Ministry of Health held at 5 PM, Head of the Surveillance Department of the National Center for Communicable Diseases (NCCD) A.Ambaselmaa reported that 53 people have tested for COVID-19 since 11 AM today and 13 of them tested positive, taking the total number of local transmission cases to 85.

Of the total 518 COVID-19 cases recorded in the country so far, 335 have made recovery. 176 COVID-19 patients are now receiving treatment at NCCD and one of them is in critical, 35 are in serious and 140 in mild health condition.

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Finance Minister: Mongolia has applied to purchase COVID-19 vaccine www.montsame.mn

Ulaanbaatar /MONTSAME/. Following the cabinet meeting held on November 18, Minister of Finance Ch.Khurelbaatar delivered a media presentation on the spending report of foreign loans and assistance received by the government.

According to him, the Government has signed loan agreements with 4 international organizations and development partner countries for its COVID-19 response measures, totaling USD 299.5 million. Out of the total proposed international funds, USD 199.5 million has already been received, including USD 100 million from the Asian Development Bank's COVID-19 Rapid Response Program and USD 99.5 million under the Rapid Financing Instrument of the International Monetary Fund. The remainder USD 100 million loan from the Asian Infrastructure Investment Bank is expected within the fourth quarter of 2020.

The government has also established international agreements of loans and grants worth USD 119.4 million for 10 projects and measures to serve as budget support against COVID-19 pandemic. USD 32.5 million of them has been already received and was spent for the procurement of medical supplies and equipment with a view to alleviate the impact of COVID-19 pandemic. The remaining USD 86.8 million is expected in the last quarter of this year to be spent for much-needed medical supplies.

The Asian Development Bank is providing the largest amount of loan and assistance, allocating a total of USD 160.1 million. Out of USD 128.1 million of funds that has already been received by Mongolia as of now, USD 100 million loan was provided as a budget support for government programs, such as ‘Child Money’ allowance and forgiveness of pension-secured loans.

Another 1.2. million loan from the ADB has been spent for purchasing and distribution of 572 types of medical supplies to Ulaanbaatar’s and local hospitals, and USD 26.4 million loan lessen the socioeconomic impacts of COVID-19 has been spent for financing Child Money program and food stamps for vulnerable groups.

Furthermore, ADB has provided USD 1 million grants for purchasing computed tomography equipment for the National Center for Communicable Diseases, and another USD 1.5 million grants will be provided by ADB for enhancing PCR laboratories countrywide.

In the scope of proposed funds from the ADB, USD 30 million financing within the COVID-19 Rapid Response Program will be spent for purchasing 2,923 units of medical diagnostic equipment, 68,128 personal protective equipment and ambulances for 21 aimags, and refurbishment of sterilization departments at 7 aimag’s clinics.

Moreover, Mongolia has already received following funds and assistance, including

- Assistance of medical supplies and PPE worth USD 700,000 from China

- EUR 16 million of grants as budget support as part of the European Union’s EUR 50.8 million of assistance for Mongolia’s COVID-19 related short, medium, and long term projects,

- USD 99.5 million loan from the International Monetary Fund Mongolia under the Rapid Financing Instrument

- USD 19.3 million from the World Bank as part of various assistance projects for Mongolia's COVID-19 response,

- USD 2.5 million from the USAID for purchasing medical supplies and equipment necessary for providing support to vulnerable groups,

- USD 1.5 million from Germany for PPE and medical equipment as well as improving vocational education in Mongolia,

- USD 2.6 million from the United Nations organizations as technical assistance to strengthen capacity of 7 laboratories in 4 regions and to address preparedness and prevention of diseases in schools and kindergartens.

Minister Khurelbaatar further informed that Mongolia has already applied to purchase COVID-19 vaccine with USD 50.6 million funding from the World Bank and has joined the Covax Facility, a global initiative that brings together governments and manufacturers to ensure eventual COVID-19 vaccines reach those in greatest need. “Therefore, we believe that Mongolia has a higher chance of gaining access to coronavirus vaccine when available” said the Minister of Finance.

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