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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UN resolution on Mongolia’s international security and nuclear-weapon-free status adopted www.montsame.mn

Ulaanbaatar/MONTSAME/. A draft resolution on Mongolia’s International Security and Nuclear-Weapon-Free Status was adopted on November 3 at the meeting of the First Committee (Disarmament and International Security) of the 75th Session of the United Nations General Assembly.
Since 1998, the resolution has been biennially approved by the UN General Assembly. Mongolia’s nuclear-weapon-free status is evidence of its commitments to the global efforts for international peace and security, disarmament, and non-proliferation of nuclear weapons.
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Construction site for Tavantolgoi-Zuunbayan railroad taken under state special needs www.montsame.mn

Ulaanbaatar /MONTSAME/ Following decisions were made at the cabinet meeting dated November 4.
- The Cabinet decided to take 5,802 hectares of area that cover territories of Tsogttsetsii and Manlai soums of Umnugobi aimag, Mandakh, Saikhandulaan, Ulaanbadrakh and Sainshand soums of Dornogobi aimag under state special needs with a purpose to build 416.2 km railroad between Tavantolgoi and Zuunbayan.
- Extra pay for special working condition for emergency management officers, which was additional 20 percent of salary, is now increased to 30 percent.
- The Cabinet approved a regulation allowing to grant additional 50-percent quarterly payments of base salary for five years to officers who will work at emergency management offices in remote aimags and soums.
- If emergency management officers lose their ability to work by up to 40-49 percent during occupational injuries, compensation will be 30 times the minimum wage, 60 times the minimum wage for working ability loss by 50-69 percent, 90 times the minimum wage for more than 70 per cent of loss.
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Blizzard warning issued for most parts of the country www.montsame.mn

Ulaanbaatar /MONTSAME/. Snow and blizzards are expected in most parts of western aimags and western parts of central aimags tomorrow on November 4, and in most parts of central aimags, northern parts of Gobi aimags, and some parts of eastern aimags on November 5.
Snow is expected in eastern parts of western aimags, most parts of central aimags, some parts of eastern aimags, and northern parts of Gobi aimags on November 5, in eastern parts of western and eastern aimags and some parts of central aimags on November 6, in some parts of eastern aimags on November 7, and in the mountainous areas of Khangai, Khuvsgul, and Khentei on November 8.
Wind speed will temporarily reach 15-17 m/sec in some parts of the country on November 5 and 6, and in the Gobi and plains on November 7 and 8.
With temperature drops from November 6, in the mountainous areas of Altai, Khangai, Khuvsgul, and Khentei, near Khurenbelchir, in the head of Zavkhan river, in basins of Ider, Tes, Tuul and Terelj rivers, the temperature will range from -16 to -21 degrees Celsius during the night, and -1 to -6 during the day.
In the southern parts of the Gobi region, the temperature will be -1 to -6 during the night, and +4 to +9 during the day.
In other areas, the night-time temperature will be -8 to -13 degrees Celsius, and daytime temperature will be -2 to +3 degrees Celsius. Slight increase in temperature is expected in the western region on November 7, and in most parts of the country on November 8.
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Jack Ma's Ant Group: World's biggest market debut suspended www.bbc.com

The stock market debut by Chinese tech giant Ant Group has been abruptly halted.
Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, was set to sell shares worth about $34.4bn (£26.5bn) on Thursday.
The listing in Shanghai and Hong Kong would have been the biggest stock market debut to date.
But Chinese authorities have cited "major issues" as the reason behind the eleventh hour suspension.
Ant runs Alipay, the main online payment system in China, where cash, cheques and credit cards have long been eclipsed by e-payment devices and apps.
Alipay says the total volume of payments on its platforms in China for the year ending in June was $17.6tn.
Shares of Alibaba plunged 9.6% on Wednesday as investors reacted to the share listing suspension.
However, Mr Ma and two top executives were asked to attend a meeting with financial regulators on Monday where they were told Ant's online lending business faces more government scrutiny, Reuters news agency reported.
The Shanghai stock exchange said on Tuesday that "major issues", including Ant's report of changes to the regulatory environment, meant Ant no longer met "listing conditions or information disclosure requirements".
The Hong Kong exchange then reported that Ant had decided to suspend its planned listing.
The share price was set on Monday amid reports of very strong demand from major investors.
Ant was due to sell about 11% of its shares. But the pricing valued the whole business at about $313bn.
The previous largest debut was Saudi Aramco's $29.4bn float last December.
Presentational grey line
Analysis box by Karishma Vaswani, Asia business correspondent
What was meant to be the world's biggest initial public offering has now been squashed by Chinese regulators.
In his prospectus letter, Ant's executive chairman, Eric Jing, had waxed lyrical about how the company is revolutionising the future of money.
But perhaps what he and Jack Ma - the billionaire founder of Alibaba and the largest controlling shareholder in Ant - didn't factor in is how ultimately, no matter revolutionary your business is, if it's operating in China, it still needs the blessing of Chinese regulators.
The firm's executives and Mr Ma were called in by Chinese authorities ostensibly for a discussion on regulating the sprawling fintech firm.
But media reports indicate the meeting may have also been an opportunity to address comments Mr Ma made at a fintech conference last month.
Mr Ma compared traditional banks to "pawn shops", lauding the merits of the digital banking system instead. He said future lending decisions should be based on data, not collateral.
That is likely to have set off alarm bells for Chinese officials. Ant collects vast amounts of data from its customers - data that the Chinese government doesn't have immediate access to, unless it asks for it.
China is extremely supportive of Chinese companies. It's a criticism levelled at it by other countries.
But in return, Beijing also expects a degree of control over Chinese companies that you wouldn't normally see in other countries.
Jack Ma's digital empire is increasingly veering outside that circle of control. Suspending this listing may serve as reminder of who really calls the shots.
Presentational grey line
Alibaba said it would be "proactive in supporting Ant Group to adapt to and embrace the evolving regulatory framework".
"We have full confidence in Ant Group colleagues' ability to do a good job. Society has high expectations for Alibaba.
"We will continue to work hard to not only meet but exceed expectations and fulfil our responsibility to society," the Chinese tech giant said.
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What investors are watching for the election - and what could go wrong www.reuters.com

(Reuters) - The stakes are high for financial markets as Americans go to the polls on Tuesday in U.S. elections that have already made history with a record number of early votes cast.
From potential major policy changes to huge election night volatility and post-election swings, this is what investors are watching out for on and after Nov. 3:
** Trading on the night. Stocks have been rocky in the run-up to the election and the CBOE Volatility Index .VIX, Wall Street's "fear gauge," has risen in recent weeks. Traders will be glued to screens following how U.S. futures EScv1 react to every twist and turn on election night, as well as U.S. Treasury futures TYv1 and the dollar =USD.
** U.S. Treasuries. The $20 trillion U.S. Treasury market has been asleep for months but recently showed signs of life as opposing bets on how the economy will perform clash amid jitters over the election.
** Currencies. Election-induced volatility may give a short-term boost to the dollar, though many investors believe the currency is set to weaken over the longer-term.
** How robust exchanges are. Exchanges and retail brokers, under scrutiny after recent outages, have spent months planning for the U.S. election. Now their preparations for what could be a highly volatile trading period are about to be put to the test.
** Market safeguards. Price limits and circuit breakers are safeguards meant to stop a market from moving too far or too fast over a specific period of time. Here is how they would work if markets tumble post-Election Day.
** Liquidity crunches. Large Wall Street banks have been running “war game” drills in their trading businesses and preparing clients for unexpected scenarios, hoping to avoid liquidity crunches or technical errors as markets react to news.
** Credit rating scrutiny. Some of the more influential observers of the election process will be the agencies that determine the country’s credit rating.
** Major policy shifts. Investors could confront dramatically different paths for the country on taxes, government spending, trade and regulation, depending on who wins.
** Stocks to watch. Various stocks and sectors could see dramatic swings, and investors have spent months trying to identify potential winners and losers.
** A bullish stock market. For those looking for stronger gains ahead, a Trump win may be a favored outcome according to one measure.
** Should Biden win, as polls suggest, his cabinet picks will receive close scrutiny from investors gauging how the new administration’s policy could impact markets.
** Big Tech. If Biden wins, technology companies could face higher tax rates and tax-motivated selling as well as increased regulation.
** Green funds. Fund managers have been betting that green-type stocks with environmental, social and governance (ESG) credentials would benefit from a Biden win.
** Healthcare stocks. A Biden victory and a potential Democratic takeover of the U.S. Senate could clear the way for prescription drug price and healthcare coverage reforms, generally seen as potential negatives for companies in the sector.
** Retail investors, meanwhile, will be among those looking to take advantage of post-election volatility.
Compiled by Megan Davies and Ira Iosebashvili; Editing by Sonya Hepinstall and Dan Grebler
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China may ban imports of Australian wheat as trade tensions escalate – sources www.rt.com

Beijing is expected to bar Australian wheat imports, putting a AU$560 million (US$394 million) trade at risk, industry sources told the South China Morning Post. The grain could be the latest Australian product banned in China.
From Friday, Australian barley, sugar, red wine, timber, coal, lobster, copper ore and copper concentrates are expected to be barred from China even if the goods have been paid for and have arrived at ports. The ban on wheat is likely to follow, although a date has not yet been set, sources said.
“Chinese importers have been told to obey these rules strictly and suspend all orders for commercial reasons. Shipments arriving at the port before Friday will be released – but those arriving after will be impounded. It won't matter if they have already been sent to bonded areas,” a trader, who declined to be named, was quoted as saying by the Business Times.
The ban will undermine Australian exports to China that are worth more than $843 million annually. Wheat accounts for nearly half of the country's total grain exports to China.
Tensions between Australia and its largest trading partner have been flaring for around three years, after Canberra alleged that there was a growing Chinese influence on its domestic affairs – a claim repeatedly denied by Beijing.
In 2018, the Australian government added fuel to the fire as it banned China’s Huawei and ZTE from the country’s 5G rollout. The most recent escalation happened when Australia pushed for an international inquiry into the origins of the coronavirus outbreak in April.
Chinese authorities announced last week that they would suspend further imports of products from Emerald Grain and timber from Queensland. They said the decision was made after inspectors found unacceptable levels of contaminants and discovered pests in some cargoes. The decision was preceded by similar trade restrictions on beef, and anti-dumping duties on Australian barley and cheap Australian wine.
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BoM purchases 2.1 tons of precious metal in October www.montsame.mn

Ulaanbaatar /MONTSAME/. In October 2020, the Bank of Mongolia purchased 2.1 tons of precious metal, raising the BoM’s total precious metal purchase of 2020 to 19.2 tons, of which 17.5 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by 6.3 tons compared with the same period of previous year.
In October, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 102.1 kg and 114.6 kg of precious metals respectively. The average price of BoM’s purchase of 1 gram of gold was MNT 174,145.46 in October.
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'Export Mongolia 2020' int'l virtual forum, exhibition to promote national brands www.montsame.mn

Ulaanbaatar /MONTSAME/ 'Export Mongolia 2020', international virtual forum and exhibition is to be co-organized by the Ministries of Food, Agriculture and Light Industry and Foreign Affairs, Small and Medium-Sized Enterprises Fund and National Development Agency on November 19-20 at Blue Sky Hotel in Ulaanbaatar.
The virtual forum and exhibition will aim to promote Mongolian brand products abroad, open up investment opportunities, diversify export, increase foreign trade and create cluster network.
Business forum, meeting, virtual exhibition, training and seminar will be organized on these days, while promoting products and disseminating information through foreign embassies in Mongolia and Mongolia’s Diplomatic Missions abroad as well as through international projects and programs and donor organizations including EDP, USAID, GIZ, EU-TRAM project, AmCham, French-Mongolian Commerce and Industry, Mongolian-European Chamber of Commerce and Industry, JICA, JETRO and KOICA.
The online meeting will allow businesses to present their projects and programs to investors from over 40 countries with support of the World Bank and to find trade and investment partners. With organization of the exhibition, Mongolian national brand products will be introduced to customers of over 10 countries and promoted at virtual exhibition for 14 days.
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Savings of Mongolians up 22 pct: central bank www.xinhuanet.com

The total savings of Mongolians rose 22 percent year on year to 16.8 trillion Mongolian tugriks (about 5.8 billion U.S. dollars) at the end of the third quarter, said the Bank of Mongolia, the country's central bank on Monday.
The bank made the statement after it concluded a month-long national campaign, which aimed to increase people's awareness on the importance of savings and financial literacy. The campaign is also part of the activities held in Mongolia to mark World Savings Day, which falls on Oct. 31 every year across the world.
Mongolia has been celebrating World Savings Day across the country since 2017. Enditem
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China to expand ban on Australian imports to copper www.mining.com

China has ordered traders to stop purchasing at least seven categories of Australian commodities, including coal, barley, copper ore and concentrate, sugar, timber, wine and lobster, Bloomberg reported.
Beijing and Canberra have been locked in a geopolitical dispute since April after Australia pushed for an international inquiry into the origins of the covid-19 pandemic.
Reports by the South China Morning Post suggest that copper and sugar exports from Australia into China will be halted, after the country banned the import of timber from Queensland and barley shipments from an Australian grain exporter.
Australian rock lobster shipments were also delayed in Shanghai on the weekend.
China is Australia’s most important and biggest trading partner. The two-way trade between the countries is worth around A$240 billion ($171 billion), while China buys around 39% of Australia’s merchandise exports.
“China seems determined to punish Australia and make it an example to other countries,” Richard McGregor, a senior fellow at Sydney-based think tank the Lowy Institute told Bloomberg.
“They want to show there’s a cost for political disagreements.”
Australia is China’s top supplier of iron ore and coking coal, the two main ingredients used to make steel, while also being a major provider of LNG and thermal coal, used predominantly in power stations.
BHP confirmed it received deferment requests from Chinese coal customers.
Iron ore, Australia’s biggest export to China, won’t be included in the halt, say people familiar with the situation. Australia exported about 78 million tonnes in October, according to Refinitiv. China buys over 80% of Australia’s production.
Australian copper miner Sandfire on Tuesday called the reports “media speculation” and said its DeGrussa and Monty mines, two of the Asia-Pacific region’s premier, high-grade copper mines, have continued to operate at full production rates into the December 2020 Quarter and production guidance for FY2021 is maintained.
(With files from Bloomberg)
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