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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Mongolian MP’s to approve 2021 State Budget from home www.news.mn

Mongolia has imposed strict actions in order to take control over the recent local transmissions of coronavirus; banning residents leaving from leaving their homes. Subsequently, the Mongolian parliament is also closed and its sessions are taking place online. Today (13 November) law makers attended a parliament session online from home and discussed the 2021 State Budget.
According to the law, the Mongolian parliament must approve the 2021 State Budget before 15 November.
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RCEP: Asia-Pacific countries form world's largest trading bloc www.bbc.com

Fifteen countries have formed the world's largest trading bloc, covering nearly a third of the global economy.
The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand.
The pact is seen as an extension of China's influence in the region.
The deal excludes the US, which withdrew from a rival Asia-Pacific trade pact in 2017.
President Donald Trump pulled his country out of the Trans-Pacific Partnership (TPP) shortly after taking office. The deal was to involve 12 countries and was supported by Mr Trump's predecessor Barack Obama as a way to counter China's surging power in the region.
Negotiations over the RCEP began in 2012. The deal was signed on Sunday on the sidelines of a meeting of the Association of Southeast Asian Nations (Asean), hosted by Vietnam.
"I am delighted to say that after eight years of hard work, as of today, we have officially brought RCEP negotiations to a conclusion for signing," said Vietnam's Prime Minister Nguyen Xuan Phuc.
Officials took turns signing copies of the agreement and showing them off on camera at the virtual summit.
Leaders hope that the deal will help to spur recovery from the coronavirus pandemic.
"Under the current global circumstances, the fact the RCEP has been signed after eight years of negotiations brings a ray of light and hope amid the clouds," said Chinese Premier Li Keqiang.
Mr Li described the agreement as "a victory of multilateralism and free trade".
India was also part of the negotiations, but it pulled out last year over concerns that lower tariffs could hurt local producers.
Signatories of the deal said the door remained open for India to join in the future.
Members of the RCEP make up nearly a third of the world's population and account for 29% of global gross domestic product.
The new free trade bloc will be bigger than both the US-Mexico-Canada Agreement and the European Union.
The RCEP is expected to eliminate a range of tariffs on imports within 20 years.
It also includes provisions on intellectual property, telecommunications, financial services, e-commerce and professional services.
But it's possible the new "rules of origin" - which officially define where a product comes from - will have the biggest impact.
Already many member states have free trade agreements (FTA) with each other, but there are limitations.
"The existing FTAs can be very complicated to use compared to RCEP," said Deborah Elms from the Asian Trade Centre.
Businesses with global supply chains might face tariffs even within an FTA because their products contain components that are made elsewhere.
A product made in Indonesia that contains Australian parts, for example, might face tariffs elsewhere in the Asean free trade zone.
Under RCEP, parts from any member nation would be treated equally, which might give companies in RCEP countries an incentive to look within the trade region for suppliers.
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China builds more 5G stations than rest of world combined, while those lagging behind back off from its technology www.rt.com

Beijing boasts that it’s installed around 700,000 5G base stations across the country – more than it had planned to have by year’s end, beating other major powers in the development of the superfast mobile networks.
The figure was announced by Ministry of Industry and Information Technology (MIIT) vice-minister Liu Liehong earlier this week. While the official did not provide data from other countries, he noted that his country has managed to build twice the number of 5G installations than the rest of the world.
The network is currently connecting more than 180 million devices in China. With growing customer interest in the technology, the country is set to further accelerate 5G development and boost investment in this strategic sphere. It was earlier reported that three of the largest Chinese state-run telecom companies may quadruple their 5G spending this year, to reach 180 billion yuan ($25 billion). Industry players are reportedly expecting that China’s investment in 5G will exceed 800 billion yuan ($121 billion) in the 2021-to-2025 period.
Most European countries are far behind the Asian power when it comes to the development of the next-generation networks. According to the latest analysis from the European Round Table for industry (ERT), more than half of EU member states have not yet launched 5G for commercial use.
The ERT data shows that South Korea is ahead the rest in terms of the number of 5G stations per capita, followed by Switzerland and China. The European Union as whole has the least number of 5G stations per citizen, while the US and the UK also lag behind China. However, by the total amount of installations providing access to the ultra-fast networks, China still seems to be outperforming its peers.
Washington has for long been pushing and even offering money to its allies to avoid using Chinese technologies and to ditch Huawei, one of the world’s leading suppliers of 5G equipment. While a number of countries are still standing their ground, others, such as the UK and Sweden, have already caved in to US pressure.
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Trump's coal rescue was doomed from the beginning www.cnn.com

New York (CNN Business)Coal giant Peabody Energy emerged from a near-death trip through bankruptcy in April 2017, just in time to benefit from President Donald Trump's efforts to revive coal country.
Trump's improbable rise to the presidency was made possible in part by his even more improbable promise to save the beleaguered coal industry.
"We'll start winning, winning, winning, and you are going to be very proud, and for those miners, get ready because you're going to be working your asses off!" then-candidate Trump told West Virginia in May 2016.
Once in the White House, Trump followed up those promises by gutting Obama-era environmental regulations, withdrawing the United States from the Paris climate accord (to effusive praise from coal execs) and installing a former coal lobbyist to run the EPA. The president even claimed that the noise from wind turbines causes cancer. (FYI: it doesn't.)
At first, Peabody Energy (BTU) benefited from Trump's pro-coal agenda. By June 2018, the coal company's market valuation swelled to $5.9 billion.
But Trump's coal rescue never stood a chance, because no amount of red tape cutting could overcome the power of market forces. The United States has a glut of cheap natural gas. Plunging solar and wind costs mean renewable energy is on a level playing field with fossil fuels.
Coal simply can't compete, much to the dismay of Appalachia's coal communities. If anything, the collapse of coal accelerated during the Trump era, wiping out even more jobs and dashing the hopes of unemployed coal miners.
Dozens of coal-fired power plants closed during Trump's time in office. In 2019, US coal consumption fell for the sixth straight year, sinking to the weakest level since 1964. And for the first time since the 19th century, the United States consumed more energy from renewable sources like solar than from coal.
Peabody Energy, now the world's largest private coal mining company, is once again cutting jobs and flirting with bankruptcy. The company's share price has plummeted 96% since it began trading in April 2017. Peabody's market valuation has dwindled to just $100 million from its all time high of $5.9 billion two-and-a-half years ago.
"Markets are more powerful than politics," Jeff McDermott, head of Nomura Greentech, Nomura's clean energy investment banking department, told CNN Business.
Peabody's bankruptcy warning speaks volumes
Despite Trump's efforts to slash regulations, the coal industry is suffering from weak prices, anemic demand and capital flight away from fossil fuels in favor of cleaner alternatives. Solar stocks in particular are booming.
"The market is looking into the future and having greater confidence that renewables are going to be larger and high-carbon will be less valuable," McDermott said.
Earlier this month, Peabody Energy disclosed its third-straight quarterly loss as revenue tumbled a whopping 39%.
In a November 9 SEC filing, Peabody said that its weak results, "market conditions," and lender demands "raise substantial doubt" about whether the company can meet its obligations and "its ability to continue as a going concern."
In other words, Peabody soon could be forced back into bankruptcy for the second time in three-and-a-half years. The company had just $11.5 million remaining on its revolving credit facility as of the end of October, down from nearly $500 million at the end of 2019.
"As coal's decline continues, it will likely push Peabody Energy, the former standard-bearer for the global coal industry, into financial oblivion," according to a report by the Institute for Energy Economics and Financial Analysis, a group that aims to accelerate the energy transition.
Weak demand for coal
Trump-appointed regulators dealt Peabody a major blow. In February, the Federal Trade Commission moved to kill an alliance with rival Arch Coal (ARCH), another company trying to recover from a 2016 bankruptcy. A judge sided with the FTC and the companies abandoned their transaction in September.
Peabody is cutting jobs, idling mines and working with its creditors to try to stay afloat.
"While we have made progress, there is still more to do," Peabody CEO Glenn Kellow said in the company's earnings report.
A Peabody bankruptcy would follow the October 2019 bankruptcy of Murray Energy, the miner led by Trump backer Robert Murray, who died last month. The company emerged from bankruptcy in September after selling most of its assets.
Like many other industries, coal miners are being hurt by the pandemic, which derailed factory activity. Peabody said demand for metallurgical coal, which is used in steelmaking, has not recovered from pre-crisis levels.
Meanwhile, demand for thermal coal, which fuels power plants, has been in steady decline. A growing number of power companies are ditching coal in favor of natural gas and increasingly affordable solar and wind. Some utilities that once relied on coal, including Xcel Energy and PSEG, are promising to get to net-zero carbon emissions by 2050.
Solar could be king by 2025
These trends are unlikely to reverse, especially after Trump's projected defeat by Joe Biden, a Democrat promising to aggressively invest in clean energy and return the United States to the Paris climate accord.
Despite an initial slowdown caused by the pandemic, the United States is expected to add more than 23 gigawatts of wind turbine generating capacity this year -- blowing away the 2012 record of 13.2 gigawatts, according to the US Energy Information Administration.
Renewables are projected to account for a staggering 95% of the increase in global power capacity through 2025, according to the International Energy Agency. Solar is expected to account for 60% of renewable growth, with wind providing another 30%.
"Demand for solar is as good as it's ever been," SunPower CEO Tom Werner said in an interview.
By 2025, renewables will overtake coal to become the largest source of power generation worldwide, accounting for one-third of electricity, the IEA said.
Extreme weather events, including wildfires in California and huge hurricanes in the Gulf Coast, have raised awareness of the climate crisis. Solar rooftops are gaining popularity and major companies including Mondelez (MDLZ), Adobe (ADBE), Facebook (FB) and General Motors have agreed to purchase vast amounts of renewable energy. Even General Electric (GE), one of the world's largest makers of coal-fired power plants, recently promised not to build new ones.
McDermott, the Normura clean energy banker, is taken aback by how the Trump era has played out for the renewable energy industry.
"When Trump won in 2016, I remember thinking this would be awful for our business," he said. "Instead, it was the greatest four years of our history."
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Mongolia to impose national lockdown www.menafn.com

In order to halt the growing record of the positive coronavirus infections across the state, the Mongolian government on Sunday prolonged a national lockdown by two weeks until Dec. 1.
Mongolia declared a nationwide lockdown to take effect as of 6 a.m. on Thursday (2200 GMT Wednesday) after the country confirmed its first COVID-19 case of local transmission, including a woman who is the wife of a 29-year-old infected Mongolian transport driver.
The driver returned home from Russia via Altanbulag border point and tested positive for the virus four days after he was released from the 21-day mandatory isolation on Nov. 6.
During a news briefing, the Yangu Sodbaatar, the country's deputy prime minister said that decision came as part of the efforts to isolate all people who have had close interaction with already-recognized local infections in the state.
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MBD's online B2B "face-to-face" matchmaking event continues www.mongolianbusinessdatabase.com

Mongolian Business Database is actively/efficiently cooperating with AVS Russia and Beijing Hoer International Fairs and arranging the exhibitors or/and B2B face to face meeting participants with the exhibitors on certain events of the parties.
At this time MBD is promoting and arranging the Mongolian participants 37 meetings at Chinese G-Plast (plastic and rubber), and 21 meetings at Russian World tourism online expo.
MBD will host its first "Cashmere, Wool, Fur & Leather 2020" online expo/B2B meetings through Dec 05-15 and more than 10 Russian companies on textile field are registered for it as of today Nov 16.
The next will be "Meat, Food & Beverage" in the beginning of 2021.
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Sheep donated from Mongolia to arrive in China's Wuhan www.xinhuanet.com

HOHHOT, Nov. 12 (Xinhua) -- Ten container trucks, loaded with the first batch of sheep donated from Mongolia, departed from the border city of Erenhot in north China's Inner Mongolia Autonomous Region on Thursday morning.
The batch of 12,000 sheep, which were slaughtered, are expected to arrive in Wuhan, capital of central China's Hubei Province, in two or three days.
The processed mutton has been put into package boxes labelled "Mongolia-donated sheep."
Mongolian President Khaltmaa Battulga in February visited China at the critical stage of China's COVID-19 epidemic prevention and control and promised to offer 30,000 sheep as a token of support.
From Oct. 22, batches of donated sheep began to arrive in Erenhot, where they undergo quarantine and inspection and are slaughtered.
By Wednesday, 27,100 sheep donated from Mongolia had arrived in Erenhot. Enditem
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China and Russia urge Mongolia to join their security pact www.mongoliaweekly.com

The SCO is an international forum that brings together the leaders of major Asian states to talk about security, politics and economics. It was formed in 2001 in Shanghai (hence the name). Mongolia is currently an observer state, but not a full member.
Since its creation, the SCO has mostly been seen as a way for its main countries – Russia, China and India – to cooperate on military issues, such as organising exercises and collaborating on counter-terrorism efforts. Yet in recent years, the SCO has been rebranding itself as both a military and economic get-together.
Tomorrow’s meeting will be the first time that India’s leader Narendra Modi and Chinese president Xi Jinping have been in the same (virtual) room since fatal clashes along their Himalayan border earlier this year. According to the South China Morning Post, Beijing has said that the two leaders won’t be meeting on the sidelines of the summit (as leaders often do).
Ahead of the meeting, Mongolia’s Foreign Minister N.Enkhtaivan told journalists that Russia and China are both putting pressure on Mongolia to apply for full membership.
“Chinese Foreign Minister Wang Yi proposed that Mongolia should join,” Enkhtaivan said. “During my official visit to Russia, this issue was suggested during a meeting with [Russian Foreign Minister] Sergei Lavrov.”
Enkhtaivan then cited President Battulga’s position that Mongolia will continue to ‘study’ the possibility.
Back in June, Russia’s Deputy Foreign Minister Igor Morgulov told the TASS news agency that Russia would ‘certainly support’ Mongolia if it wanted to join.
However, there are reasons why Mongolia may not want to. First, the South China Morning Post also reported that Mongolia’s relations with China are ‘tense’ over the issue of language education in Inner Mongolia. Second, the SCO is also seen as a way to counter the influence of the US, possibly through a new monetary system to counter the global importance of the American dollar.
So when the Mongolian government says it will ‘study’ the possibility, it likely means that it is considering the impact of joining the SCO on its relations with both China and the US. It will also weigh up the benefits against its own to-do list for the next few years, which include increasing exports to Russia and promoting a gas pipeline from Siberia to China.
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Gold stream probably ‘most attractive’ funding option for Turquoise Hill – Wheaton CEO www.reuters.com

A gold stream is “probably the most attractive” option for Canadian miner Turquoise Hill Resources as it seeks funding for a copper and gold project in Mongolia, the head of mine financing company Wheaton Precious Metals said on Tuesday.
Turquoise Hill last week began arbitration proceedings against its biggest shareholder Rio Tinto to seek “clarity” on financing for Oyu Tolgoi, one of Rio’s biggest growth projects.
Streaming is a type of alternative finance that generally involves an upfront payment by the streamer to a miner, which repays the loan by supplying metal at a later date.
A “gold streaming transaction” is among options under study by Turquoise Hill to plug a funding gap for the project estimated at $1.7 billion as of the end of the second quarter, the company said.
The aim would be to reduce the size and delay the timing of any equity rights offering.
“Definitely from a Turquoise Hill shareholder perspective I would say it is probably the most attractive way of financing that project,” Randy Smallwood, president and chief executive of Wheaton Precious Metals, told Reuters.
He declined comment when asked if Wheaton was in active talks. Any such deal would require approval from Rio.
“That’s one of the challenges that I think Turquoise Hill has,” he said.
Turquoise Hill and Rio declined comment.
Additional debt or a streaming agreement are not in Rio’s best interests as both options would leave the miner carrying all the risk but with a higher cost of capital than a direct equity funding option, Bank of Montreal analyst Edward Sterck said last week in note.
The Oyu Tolgoi deposit in south Mongolia is jointly owned by the Mongolian state and ranks as one of the world’s largest known copper and gold deposits.
(By Jeff Lewis; Editing by Chris Reese, Emelia Sithole-Matarise and David Gregorio)
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US bars investments in 'Chinese military companies' www.bbc.com

US President Donald Trump has issued an order banning American investments in Chinese firms the government determines have ties to the Chinese military.
In the order, Mr Trump accused China of "increasingly exploiting" US investors "to finance the development and modernisation of its military".
The ban is to go into effect in January.
It could affect some of China's biggest publicly-listed firms, including China Telecom and tech firm Hikvision.
Throughout his administration, Mr Trump has made efforts to disentangle the US from its close economic ties with China.
He has raised border taxes on billions of dollars worth of China goods and imposed sanctions on some of its tech companies.
Relations between the two superpowers have also soured over issues such as coronavirus, and China's moves in Hong Kong.
Why US-China relations have reached a low
Officials said the new order had been under review for months. It applies to shares owned directly or indirectly in 31 firms identified by the US earlier this year as backed by the Chinese military, a list that includes tech firms and large state-owned construction companies among others.
US investors have a year to comply with the rules.
Mr Trump, who recently lost to challenger Joe Biden in the US presidential election, is due to leave the presidency shortly after the order goes into effect.
Mr Biden has not outlined his China strategy, but during the campaign he promised to challenge the Chinese government on similar issues as Mr Trump, including trade abuses and cyber-theft.
Mr Trump's stance on China is one of the rare areas in which he has sometimes received support from both Democrats and Republicans.
Several politicians in Congress have also proposed laws to block US investment in firms the White House designates as threats.
Earlier this year, Mr Trump ordered the pension fund for government employees to abandon a plan to invest in Chinese companies. The US has also said it is considering de-listing Chinese firms from US stock exchanges if they do not comply with US audit rules.
The efforts come as US exposure to companies listed on Chinese stock exchanges has grown.
But such investments remain a small fraction of overall US holdings. In a report earlier this year, researchers for financial regulators at the US Securities and Exchange Commission estimated that US mutual funds held about $43.5bn in Chinese stocks and bonds at the end of April.
A spokeswoman for the Investment Company Institute, a trade association for mutual funds and other money managers, said it was reviewing the order and had no further comment.
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