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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Foreign visitors to Mongolia down 88.5 pct in first three quarters due to COVID-19 pandemic www.xinhuanet.com

The number of foreign visitors to Mongolia dropped 88.5 percent year on year in the first three quarters of 2020, according to the latest report released by the country's National Statistics Office (NSO) on Monday.
Mongolia received a total of 60,500 foreign visitors in the January-September period, the report said.
The sharp decline in foreign tourist arrivals is directly related to the prolonged containment measures due to the COVID-19 pandemic, according to NSO experts.
The Asian country entered a heightened state of readiness on Feb. 12 to prevent the spread of COVID-19, with measures including the suspension of international passenger flights. Enditem
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Mongolia harvests 132.5 thousand tons of grain www.akipress.com

As of October 1, 205.9 thousand tons of potato, 132.5 thousand tons of grain, 78.5 thousand tons of vegetables have been harvested in Mongolia, the national news agency Montsame reports.
The harvested potato and vegetable increased by 19.0 and 67.4 thousand tons or 32.0 and 48.7 percent compared with the same period of the previous year. As for the grains, it was increased by 8.1 thousand tons or 6.5 percent.
Whereas, the amount of prepared hay went down by 274.8 thousand tons or 35.2 percent, fodder by 8.8 thousand tons or 42 percent and silage by 0.3 thousand tons or 37.3 percent respectively compared with the same period of the previous year.
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Mongolia’s GDP to contract by 2-4 percent www.news.mn

Mongolia’s gross domestic product is projected to contract by 2 to 4 percent in 2020 due to the prolonged containment measures on the COVID-19 pandemic, the country’s central bank said on Friday, possibly sending the country into its first recession since 2009.
However, the country’s GDP is expected to recover at an annual growth rate of 8.2 percent next year, the Bank of Mongolia said in a statement.
The Asian country’s mining-dependent economy decreased by 9.7 percent year on year in the first half of 2020 due to restrictive coronavirus measures.
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Former MP appointed as CEO of ‘Erdenes Mongol’ LLC www.news.mn

The Board Meeting of ‘Erdenes Mongol’ LLC made a decision on 12 October to appoint former MP D.Khayankhyarvaa as CEO of ‘Erdenes Mongol’ LLC, dismissing P.Gankhuu.
D.Khayankhyarvaa was elected to parliament in 2008 and worked as Minister of Finance in 2012.
The Mongolian government established Erdenes Mongol in 2006 as a holding company to represent its interest in strategic mines, manage mineral licenses and promote the mining sector.
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Vernon woman goes on 700 km horseback ride for Mongolian charity www.globalnews.ca

Julie Veloo is riding 700 kilometres through Mongolia on her charity’s annual fundraiser, the Gobi Gallop Ride Challenge, to raise funds for children in Mongolia.
“The Gobi Gallop is the longest annual charity horseback ride on the planet,” said the Veloo Foundation vice-president.
Since moving to Mongolia more than 10 years ago, splitting her time between there and the Okanagan Valley, Veloo has been dedicated to changing the lives of displaced herdsmen and their children, who are forced to scavenge through the garbage dumps to survive.
The Veloo Foundation runs The Children of the Peak Sanctuary Project in Ulaanbaatar, the capital of Mongolia.
“Now we have two kindergartens and we have over 300 kids off of the garbage dump and being fed, cared for and educated,” said Veloo. “We also have a summer camp for 300 children and we have a community library.”
In years past, the Gobi Gallop was a grand event attracting riders from around the world and raising upwards of $50,000 a year for the foundation. This year, COVID-19 wasn’t going to stop Veloo from keeping the event going this year she is taking it on by herself.
“People are taking turns riding with me,” said Veloo. “Even though it’s called the Solo Challenge, I am not riding off into the distance on my horse by myself; I do take people along for for safety and for company and so far we have done in three days 235 kilometres.”
So far she has raised just over $8,000 but she says it’s crucial that she get much closer to her $50,000 fundraising goal.
“(Not reaching the goal would) involve cutbacks and not lay offs but we won’t be able to take as many children as we otherwise would that’s what this is all about how many kids can we take and how many can we help,” said Veloo.
Veloo has been keeping everyone up to date on her nine-day ride on their Facebook page, where you can follow along, donate and get to know the families the foundation help.
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Mongolia makes USD 600 million offering to focus on sustainability www.iclg.com

Mayer Brown has for the lead arrangers and managers on the Government of Mongolia’s USD 600 million bonds issuance and associated cash offer to repurchase senior notes due in 2021 and 2022. Mongolia’s rare sovereign issuance in the Asia-Pacific region since the outbreak of the Covid-19 pandemic, involves the issuance of notes in the aggregate principal amount of USD 600 million maturing in 2026. The issuance, which attracted strong demand from international investors, extends the maturity date of Mongolia’s existing debt and reduced debt servicing costs, allowing the Mongolian government to increase spending on reaching its sustainability targets. The proceeds will be used to finance the government’s involvement in sustainability projects such as hydropower developments, schools and the construction of affordable housing in order to reduce inadequate living conditions in Mongolian ger districts, which are residential districts in Mongolian settlements. It is in these settlements that residents are required to burn wood or low-quality coal to generate heat, which increases pollution. Describing the sovereign issuance as “successful” and a “landmark transaction”, partner and head of Mayer Brown’s corporate and securities practice group in Hong Kong, Jason Elder, continued to say in a statement that the “benchmark issuance and liability management transaction brings significant benefits to Mongolia… supporting the continued development of the country and its people”. In June, Mongolia attracted investment of USD 99 million from the International Monetary Fund (IMF) under the Rapid Financing Instrument, to help the country tackle the Covid-19 pandemic, intended to “support foreign exchange reserves, create fiscal space for essential pandemic-related expenditure, and catalyse donor support”, said the IMF in a press release at the time. The IMF also stated in the June press release that “Mongolia has successfully avoided a domestic outbreak of Covid-19 thus far… Nonetheless, the pandemic has sharply reduced economic activity due to both the economic cost of the containment measures and the fall in external demand”, resulting in “an urgent balance of payments need and a fiscal financing gap”. Elder led the Mayer Brown advisory team on the bonds issuance, with help from New York tax transactions and consulting partner Jared Goldberger and associate Brennan Young, Hong Kong corporate and securities partner Thomas Kollar and foreign registered lawyers Sean Su and Winston Wang, Washington, DC government and global trade partner Tamer Soliman and Singapore-based litigation and dispute resolution partner Yu Jin Tay and associate Si Cheng Lim. Also this month, the issuance of the , listed on London Stock Exchange, was advised on by Linklaters and Zaki Hashem & Partners, one of the oldest law firms in Egypt and the Middle East.

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China is winning the global economic recovery www.cnn.com

Hong Kong (CNN Business)While much of the world scrambles to prevent new coronavirus cases from stalling the fragile recovery from recession, China's economy is hitting its stride again and will end the year more influential than ever.
The world's second largest economy was the only major world power to avoid a recession this year as Covid-19 forced lockdowns and crippled businesses. China's GDP is expected to grow 1.6% this year, while the global economy as a whole will contract 5.2%, according to summer projections from the World Bank.
China built its relatively quick recovery through several measures, including stringent lockdown and population tracking policies intended to contain the virus. The government also set aside hundreds of billions of dollars for major infrastructure projects, and offered cash incentives to stimulate spending among its populace. The payoff has been evident, as tourism and spending rebounded during last week's busy Golden Week holiday period.
By the end of the year, China's share of global GDP is likely to rise by about 1.1 percentage points, according to a CNN Business calculation using World Bank data. That's more than triple the share it gained in 2019. By contrast, the United States and Europe will see their shares dip slightly.
All told, China's economy is expected to be worth about $14.6 trillion by the end of 2020, roughly equivalent to 17.5% of global GDP.
Even without the disruption caused by the virus, China's share would have ticked up this year, according to Larry Hu, chief China economist for Macquarie Group. But China's ability to buck the worldwide trend is accelerating the growth in its importance to the global economy.
"The recovery in China has been much stronger than the rest of the world," Hu added.
The economic improvement has been no more apparent than during this past week, when the country celebrated one of its annual Golden Week holidays. This season's festivities marked the founding of the People's Republic of China and the Moon Festival, and was one of the country's busiest travel seasons of the year.
More than 630 million people traveled around the country during Golden Week, which ended Thursday, according to the Ministry of Culture and Tourism. That's nearly 80% of the numbers who traveled during the same period last year.
Tourist spending, meanwhile, recovered to nearly 70% of last year's level, reaching $70 billion. And movie ticket sales surpassed $580 million during the Golden Week holiday — just 12% shy of last year's record high.
The holiday week's numbers are "encouraging," said Macquarie's Hu.
"As life is returning to normal in mainland China, consumption, especially the service consumption, is under recovery," he said, added that pent-up demand has finally been unleashed.
A more balanced recovery
Even before the holiday, China's economy had been picking up momentum.
An official gauge of manufacturing activity rose to a six-month high in September. A private survey from the media group Caixin, which measures smaller businesses, also showed the sector continued to expand last month.
The services sector is also doing well. An official survey released last week put activity at its highest level in nearly seven years. And on Friday, a Caixin survey revealed that services experienced one of the quickest paces of expansion in the past decade in September.
"Overall, the economy remained in a post-epidemic recovery phase and improved at a faster pace," Wang Zhe, senior economist at Caixin Insight Group, said in a report accompanying Friday's data.
Consumer spending is rebounding, too, in yet another encouraging sign. Economists were concerned earlier this year that China's recovery was too unbalanced, having been driven by lots of state-led infrastructure projects and not enough consumer spending.
And despite trade tensions, China's economy has also benefited from its vital role in global supply chains, according to Louis Kuijs, chief Asia economist at Oxford Economics. The research and advisory group's own calculations also indicate that China will increase its share of global GDP by about a percentage point this year.
"In contrast to expectations of ... changes in global supply chains away from China, it looks as if, at least for now, China's success in shaking off the Covid-19 outbreak and keeping factories operating has strengthened its role in global value chains," Kujis said. He pointed out that US foreign direct investment into China actually rose 6% in the first half of this year, according to China's Ministry of Commerce.
"Even as US-China tensions have worsened dramatically recently, many US multinationals remain keen to engage with China," Kujis said, adding that American firms were likely encouraged by Beijing's decision to remove some barriers to investing in the country's financial sector.
Challenges ahead
While China's recovery has been strong, there are challenges ahead.
Like in other countries, the pandemic has taken a heavy toll on China's poor and rural populations, according to the Fitch Ratings analysts.
The average monthly income collected by rural migrant workers fell nearly 7% in the second quarter compared to a year earlier, according to World Bank estimates that used Chinese government data. The hundreds of millions of people who fit that description typically work in construction, manufacturing and other low paying but vital activities.
And low-income households in China — those who make less than $7,350 a year — experienced the most severe declines in family wealth out of any other income group, according to a survey jointly conducted by China's Southwestern University of Finance and Economics and Ant Group's research institute.
"This suggests the recent recovery in consumption is likely to have been somewhat skewed towards higher-income groups," the Fitch Ratings analysts said.
And Kuijs of Oxford Economics said that US-China tensions remain a concern, even as foreign direct investment grows.
If the United States were to decouple "significantly from China," the country's growth would trend less than half a percentage point lower per year through 2040, he said, as long as other developed countries maintained most ties.
But if other developed countries join the United States, he suspected that impact could be much larger, causing China's GDP growth to fall twice as fast through the same period.
That kind of "substantial" decoupling "would sharply reduce the country's productivity and GDP growth," Kuijs said.
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What to expect from Apple's iPhone event www.cnn.com

(CNN Business)Apple is finally set to announce new iPhones, after weeks of delays and pandemic-related disruptions.
Invitations for an October 13 event featured the phrase "Hi, Speed," hinting at a long-rumored upgrade that would allow the iPhone to connect to the new 5G wireless network that's currently being rolled out by carriers in the United States and abroad.
Though still nascent, 5G promies to deliver much faster connection speeds when it's fully deployed. Beyond phones, It will pave the way for more connected devices: Advances like self-driving cars, virtual reality, smart city technologies and networked robots could be powered by the new network.
Apple (AAPL) is somewhat late to the 5G phone game. Its new phone will join a growing list of options from Google (GOOGL), Motorola (MSI), Samsung (SSNLF), Huawei, LG and others.
But the iPhone may be able to hold its own given its loyal fan base, and some analysts expect the 5G iPhone to generate a "supercycle" of device upgrades, potentially prompting more people than usual to buy the new device. And the fact that 5G networks aren't completely ubiquitous yet means there's still room to grow.
What's in the iPhone 12? Wall Street analysts give us their predictions
What's in the iPhone 12? Wall Street analysts give us their predictions
Only 13% of smartphones sold in the first half of 2020 had 5G capabilities, and only 6% of customers would rank 5G as a primary factor in their next smartphone purchase, according to Ben Stanton, an analyst at research firm Canalys.
"Apple is not too late to 5G, as smartphones with 5G have not yet seen mass adoption," Stanton told CNN Business. "Part of the reason for this is that the killer use-case for 5G on mobile has not yet emerged."
Four new iPhones
Apple may give its users more choices than usual with its latest smartphone lineup. The company is gearing up to launch four new iPhone models on Tuesday, ranging in size from 5.4 inches to 6.7 inches, according to analysts and multiple news reports.
Apple has stuck to a three model lineup for iPhone launches in recent years, with one basic model and two pricier models with more cameras and better displays. But this time around, a fourth, more basic model with a smaller display — the name "iPhone 12 mini" has surfaced in rumors — could help Apple target more price-conscious consumers, though it's unclear how it would compete with the low-cost iPhone SE.
"Apple has made a serious effort to make its hardware more price-competitive over the last 12 months," Stanton said. "But Apple's great challenge is that it needs to find a way to become more price-competitive without diluting its premium brand image."
The top end of the new iPhone range could also provide a big draw, with its rumored 6.7-inch display that's even larger than the 6.5-inch iPhone 11 Pro Max.
"In particular we are seeing Apple and its Asian suppliers anticipate stepped-up demand for the larger 6.7-inch model which is raising the overall iPhone 12 expectations heading into this 'once in a decade' potential launch," Wedbush analyst Dan Ives wrote in an investor note last week.
Wedbush estimates that 350 million of the 950 million iPhones globally could be due for an upgrade, which could lead to an "unprecedented" cycle.
The last major iPhone "super cycle" of upgrades happened in 2014 with the iPhone 6, said Daniel Morgan, VP and senior portfolio manager at Synovus. "Since 2014, the newest iPhone launches have felt more like ripples [as] opposed to a wave."
iPhone sales have slumped in recent years as people wait longer to switch out older models, though Apple staged somewhat of a recovery in 2020 with the iPhone 11.
Eyes on the price
Apple's pricing strategy for the new iPhone lineup will likely be one of the biggest talking points. In recent years, the company's battle with Samsung for premium smartphone users has led to exorbitant prices that would have been unthinkable for previous devices.
Apple's current top-of-the-line model, the iPhone 11 Pro Max, starts at $1,099 and the Samsung Galaxy S20+ 5G costs $1,199 — though Samsung has also released foldable smartphones costing as much as $2,000.
Both companies have released lower-cost models of their flagship smartphones in recent months. And other rivals such as OnePlus and Google appear to have all but stopped competing in the fight for the high-end smartphone market.
Apple could use the 5G features to justify a slightly higher price point for the iPhone 12, but the fact that it is expected to release four iPhone variants rather than the three could mean a more affordable offering is in the works as well.
One more thing?
When it comes to Apple events, it's rarely just about the phones.
The company has previously used its pre-holiday launch event to roll out upgrades to its iPads, smart watches and increasingly popular services such as Apple TV+ — though it did much of that already in an event last month.
That hasn't stopped the rumor mill from speculating about updates on other products, including augmented reality glasses, a new HomePod smart speaker and even over-the-ear wireless headphones.
Canalys' Stanton also mentioned the possibility Apple would announce "AirTags," a rumored new product consisting of Bluetooth-enabled tiles to help track misplaced valuables.
"One thing that is certain, is that Apple will again showcase the best-practice for virtual events, and set a standard for the industry to follow," he added.
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Japan to help Mongolia with $236M loan www.thefinancialdistrict.com.ph

Japan will extend 25 billion yen ($236 million) in emergency loans to Mongolia to assist its efforts to revitalize the economy hard hit by the novel coronavirus pandemic, Foreign Minister Toshimitsu Motegi said Friday after talks with his Mongolian counterpart Nyamtseren Enkhtaivan, Kyodo News reported.
Speaking in an online press conference after the meeting in Ulaanbaatar, Motegi said the two ministers also agreed to step up coordination in resolving the issue of North Korea's abductions of Japanese nationals in the 1970s and 1980s.
"I hope to further develop the bilateral strategic partnership" with Mongolia, which shares universal values such as the rule of law and democracy with Japan, Motegi said.
Japan has often looked to Mongolia, a country that has close ties with North Korea, to act as a mediator in addressing the abduction issue.
In a separate meeting with Mongolian Prime Minister Ukhnaa Khurelsukh, Motegi said the two sides agreed to promote work toward the early opening of a new international airport in the Mongolian capital, a project financed by Japan's loans.
The opening of the airport has been delayed due to the pandemic.
"The airport is a new symbol of bilateral cooperation and will enhance connectivity in the region," Motegi said, who is on a two-day trip to Mongolia through Saturday.
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Japan agrees with Mongolia toward boosting investment www.mainichi.jp

TOKYO (Kyodo) -- Japan agreed Saturday with Mongolia to continue close cooperation toward boosting its investment in the landlocked country wedged between China and Russia.
It was confirmed during a meeting in Ulaanbaatar between Foreign Minister Toshimitsu Motegi and Mongolian President Khaltmaa Battulga, who explained about the country's exploration of mineral resources and construction of railway infrastructure, according to Japan's Foreign Ministry.
Motegi asked the president for his cooperation toward the smooth opening of a new international airport in the Mongolian capital, a project financed by Japan's loans. The opening of the airport has been delayed due to the coronavirus pandemic.
The meeting took place a day after Motegi held talks with his Mongolian counterpart Nyamtseren Enkhtaivan, as well as Mongolian Prime Minister Ukhnaa Khurelsukh.
On Friday, Motegi said Japan will extend 25 billion yen ($236 million) in emergency loans to Mongolia to assist its efforts to revitalize the economy battered by the pandemic.
Mongolia, which shares the longest land border with China, is rich in natural resources and has transitioned into a market economy since the 1990s after the fall of the Soviet Union.
Japan views Mongolia as becoming more strategically important, not only economically but also in geopolitical terms.
During the multiple meetings, Motegi also reaffirmed cooperation with Mongolia in resolving the issue of North Korea's abductions of Japanese nationals in the 1970s and 1980s, according to the ministry.
Japan has often looked to Mongolia, a country that maintains close ties with North Korea, to act as a mediator in dealing with the abduction issue.
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