1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Facebook has a coronavirus problem. It's WhatsApp www.cnn.com

London (CNN Business)Governments and medical officials are scrambling to provide the public with accurate and timely information about the novel coronavirus. But those efforts are being undermined by the spread of medical misinformation and fake cures on one of the world's most popular messaging platforms.

WhatsApp, which is owned by Facebook (FB), is coming under renewed scrutiny over how it handles misinformation as the coronavirus pandemic rampages across the globe, infecting more than 200,000 people and killing over 8,000, according to figures compiled by Johns Hopkins University.
The platform is being used to spread messages that often contain a mixture of accurate and misleading claims that have been debunked by medical experts. The problem is now so acute that world leaders are urging people to stop sharing unverified information using the app.
"I am urging everyone to please stop sharing unverified info on WhatsApp groups," Irish Prime Minister Leo Varadkar said Monday on Twitter. "These messages are scaring and confusing people and causing real damage. Please get your info from official, trusted sources."
People are being encouraged to put up Christmas lights to spread cheer while they're social distancing
People are being encouraged to put up Christmas lights to spread cheer while they're social distancing
The misinformation often arrives on smartphones in messages that have been forwarded by a friend or relative, and includes information purportedly from a prominent doctor or a friend of a friend who works in government. Many of the messages mix sound advice, such as how to wash your hands properly, with misinformation. One false claim that is circulating: drinking warm water every 15 minutes will neutralize the coronavirus.
Because WhatsApp messages are encrypted in a way that allows them to be seen only by the sender and recipient, public health officials and watchdog groups are struggling to track the spread of coronavirus misinformation. WhatsApp itself does not monitor the flow of messages on the platform.
"It is clear ... that a lot of false information continues to appear in the public sphere. In particular, we need to understand better the risks related to communication on end-to-end encryption services," European Commission Vice President Věra Jourová, who oversees the bloc's efforts to fight disinformation, said in a statement Tuesday.
WhatsApp says it has taken steps to curb misinformation, it is donating to fact checking groups and users can forward messages to special accounts that can verify information.
"There are over a dozen [local fact checkers] so far, and we want more to be able to do their important work so rumors are identified and countered," Will Cathcart, the head of WhatsApp, said Wednesday on Twitter.

WhatsApp is promoting the fact checking organizations and health ministries on Facebook, with free and special clickable ads that pull up a new WhatsApp chat with the corresponding organization.
Jourová welcomed the new measures but suggested more needs to be done to address the issue of misinformation.
"WhatsApp has informed the Commission about some measures it put in place to limit the spread of disinformation, but most of the problematic content seems to be the so-called organic content, i.e. generated by users themselves," she said.
Misinformation spreads
In recent days, CNN Business has seen multiple versions of a message with information purportedly from medical professionals concerning four young people infected with coronavirus who had been taking anti inflammatory drugs.
In one version, written in English, the young people are hospitalized in Cork, Ireland. In another, written in Hebrew, they are in Toulouse, France. Medical officials in both cities have dismissed the story of the four young people as fake. (For more on anti inflammatory drugs and coronavirus, click here.)
One popular — but incorrect — theme is that "hot fluids neutralize the virus, so avoid drinking ice water," or that drinking water every 15 to 20 minutes will flush the virus to your stomach where it will be killed by acid.
An image spread on WhatsApp and other platforms shows an illustration of a human head and throat. The accompanying message, written in Spanish, claims that drinking a lot of water and gargling with salt or vinegar will eliminate the virus. "Spread this information because you could save someone," it says.
Medical experts and the World Health Organization say that while staying hydrated is important, drinking hot or cold water, or gargling, does not prevent the coronavirus infection.
Other messages sent on WhatsApp have warned that countries will go on lockdown and that people need to stock up on supplies. In the United States, the messages claim the lockdown is part of the "Stafford Act" and that people should "stock up on whatever you guys need to make sure you have a two week supply of everything." The US National Security Council tweeted that this message is fake.
While similar messages are being shared via text and on other social media, their proliferation on WhatsApp and the difficulty in stopping them makes the service an outlier compared to sister platforms Facebook and Instagram, which have taken more robust and direct efforts to combat coronavirus misinformation. (All three platforms are owned by Facebook.)
How to stop the spread
WhatsApp, which compares itself to traditional SMS text services instead of social media platforms, encrypts conversations, meaning they only live on users' phones. Though encryption is seen as a plus for security, WhatsApp is blind to what's being said in messages — and that makes it difficult to police or moderate content.

On Facebook, third party fact checkers hunt down misinformation, and when they mark something as false, users are shown a message that directs them to a correcting or clarifying post before they are permitted to share the misinformation.
Cristina Tardáguila, associate director of the International Fact-Checking Network (IFCN), suggested last week that WhatsApp could include a message asking people "are you sure this is true?" before they send a message related to coronavirus.
But Carl Woog, a WhatsApp spokesperson, told CNN Business that it's not something the platform would be able to do because WhatsApp is encrypted, and that "passing remote judgment on deciding what can be sent and not be sent in a real time message would be unprecedented" for a text or SMS service.
Aviv Ovadya, founder of the Thoughtful Technology Project, pointed out on Twitter that WhatsApp has developed prompts for when users are sent suspicious website links. But the misinformation about the coronavirus shared on WhatsApp is often in plain text form.

WhatsApp has made efforts to assist health officials in getting accurate information to the public.
On Wednesday, the company announced it had donated $1 million to the IFCN, launched a coronavirus information page and said it would help organizations like the WHO and UNICEF provide messaging hotlines for people around the world.
Health ministries in countries such as Israel, Singapore, South Africa and Indonesia are already providing updates directly on WhatsApp, through automated accounts.
Last year, WhatsApp imposed limits on how many times a message could be forwarded, after viral hoax messages in India contributed to more than a dozen lynchings in 2018. Users can now only forward one message to five chats, and group sizes are limited to 256 members. Woog said these measures have decreased forwards on the service by 25%.
Ultimately experts say some of the best ways to counter misinformation are public education, teaching people about the coronavirus and how to be smart consumers of information.
But when asked whether WhatsApp would consider sending a mass message to all users, urging them to seek accurate information from official sources, Woog said it's not something they're technically able or planning to do.
"We believe the most important thing we can do is to empower health ministries and doctors to engage with citizens and patients right on WhatsApp," said Woog.

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Mongolia to face Covid-19 economic impact from June www.news.mn

The UN’s trade and development agency says the slowdown in the global economy caused by the coronavirus outbreak is likely to cost at least $1 trillion. The recent outbreak of the novel coronavirus has affected the global industry logistics system. Specially, industries directly depend on China have shut down quickly as border restrictions and travel bans have come into force. However, the world has still not felt the real impact caused by the Covid-19 outbreak, explained economists. The great impact on the global economy will begin from mid-March and the sharp downturn of Chinese industries will continue in April, reported HBR.

Mongolia’s economy greatly depends on China and impacts of the Covid-19 outbreak will begin felt in the country from June, said the business analysts. So, Mongolia Government needs to evaluate the situation at the macroeconomic level and to amend its 2020 State Budget. The analysts warned that if the Government does not take the necessary measures quickly, Mongolia’s unemployment will hit 20 percent and nearly 250,000 people will lose their jobs by June.

According to the Mongolian National Chamber of Commerce and Industry, the economic impact of Covid-19 would be felt in Mongolia after 1-6 months as follows:

— In the trade sector after one month with the increasing price of imports.

– In exports after three months as Chinese industrial demand changes.

– In Mongolia’s GDP after six months.

The Mongolian economy fell by 5.2 percent as the Chinese economy decreased by 1.4 percent during the Sars outbreak. This year, China’s economy is expected to fall by 2 percent.

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Passenger trains being decontaminated prior to their departures www.montsame.mn

Ulaanbaatar /MONTSAME/. Prior to their journeys, domestic trains of Ulaanbaatar Railway JSC are going under decontamination in both the interior and exterior. The body temperatures of passengers are also being checked every 2 hours.

Before its departure at 10.40 am, MONTSAME National News Agency became acquainted with the process of decontamination and temperature checks of the passengers on a train en route Ulaanbaatar-Sukhbaatar-Ulaanbaatar today on March 17. Doctor of Ulaanbaatar Railway Hospital I.Byambajav was going through the train, checking the body temperature of each passenger.

Officials highlighted that doctors of the hospital are doing check-ups for passengers being transported in all domestic routes as cautionary measures against the infection.

If a suspected case comes to surface, the doctor would immediately notify the conductor, isolate the citizen, and inform the corresponding organizations.

Furthermore, from those working at the ticket office that come in close contact with passengers to service attendants, staff and crew members are being provided with face masks and sanitizers as well as supplements to support their immune system. Decontamination is also being done at every station.

In correlation with the first case of coronavirus being recorded, the repetition of decontamination, as well as the amount of decontaminating agents, have been increased.

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Fifth coronavirus case confirmed in Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/. On the evening of March 17, Tuesday, the Ministry of Health announced fifth confirmed coronavirus case in Mongolia.

The infected person is 30-year old female, who arrived from Italy via Germany on an evacuation flight from Berlin to Mongolia yesterday, March 16.

She has been staying in isolation at the National Center of Communicable Diseases in Ulaanbaatar and is in stable health condition.

Yesterday, March 16, the Ministry of Health reported three confirmed cases of coronavirus, including two passengers arrived on an evacuation flight from Seoul, South Korea and one person arrived on the chartered plane from Berlin, Germany.

The Ministry of Health officials informed that the newly confirmed patient is not identified to have had a close contact with the other patient, who is diagnosed with the coronavirus yesterday, as she was sitting far away from her on the same flight from Berlin.

The next charter flight to repatriate Mongolian nationals, who are living in coronavirus-affected countries and have reasonable excuses to return home, is scheduled to arrive from Istanbul on March 18, Wednesday.

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Mongolian State Department Store fined for ‘fixing’ meat prices www.news.mn

The Mongolian Government has warned businesses against ‘price gouging’ during the time of an advanced emergency readiness and preparation for preventing the spread of the killer coronavirus that has killed over 5800 people globally. As the epidemic spreads across the globe, people have been seen rushing to supermarkets to bulk buy ‘essentials’. This has become an opportunity for some unscrupulous to raise the price for their own ends.

Earlier today (17 March), the Authority for Fair Competition and Consumer Protection reported the results of an inspection at the State Department Store. According to officials, Nomin Tav Trade LLC which owns Mongolia’s most famous store, has been fined for MNT 20 million for artificially and illegally increasing the meat price. The prices of mutton and beef were increased by MNT1000-5000 per kg on 12-16 March.

Located on Peace Avenue, in central Ulaanbaatar, the State Department Store is Mongolia’s oldest such establishment. Established in 1921, it was one of the first large buildings in the city. Known simply in Mongolian as ‘ikh delguur’ (big shop), the State Department Store, is a local institution and virtually a tourist attraction in itself.

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Mongolia’s gold purchase rises tenfold www.news.mn

The Central Bank of Mongolia, also know as Mongol Bank, purchased 952.6 kg of gold from legal entities and individuals in February, 2020; this is an increase of tenfold on the same month in 2019. This sharp rise of gold purchase came after Mongolia closed its border with China in order to prevent the spread of coronavirus.

If this continues, the Mongol Bank can set record for purchasing 24-25 tonnes of gold in the end of 2020. Previously, it had set record for purchasing 22 tonnes of gold in one year.

The 2.5 percent of discounted royalty on gold mining ended on 1 January 2019. Subsequently, 5 to 10 percent royalty taxes on gold mining have been imposed on miners, resulting in the Central Bank’s gold purchase being down 71.6 percent year-on-year in the period January-March 2019.

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Mongolia forbids import of crashed cars www.news.mn

It has become common for crashed or damaged cars to be imported to Mongolia and then to be sold after having been repaired. According to statistics, 30 percent of car imports in Mongolia are of vehicles which are at least 20 years old. Many are no longer manufactured.

In December, the National Auto Transport Centre of Mongolia signed an important agreement with Japanese organizations handling car assessment. The agreement aims at establishing a database of car exports from Japan in order to prevent crashed or stolen cars ending up in Mongolia.

The agreement will come into effect from 1 April, 2020, after which, car buyers can track the origin of their vehicle and obtain other information.

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Emergency Commission postpones resumption of coal export shipment www.montsame.mn

Ulaanbaatar /MONTSAME/. Amid concerns over the novel coronavirus outbreak, the State Emergency Commission (SEC) resolved to put off coal and petroleum exports in February until March 15.

Beginning from March 4, heavy trucks loading coal started crossing the border only through Zamyn-Uud border checkpoint after being fully decontaminated.

Today, the State Emergency Commission convened and decided not to resume coal shipment through border checkpoints because of lack of preparedness at some of the border checkpoints. For instance, Head of the SEC U.Enkhtuvshin pointed that building of disinfection facilities at some checkpoints have not been finished yet and it needs to be made sure that drivers of the freight trucks are ready to launch the shipments as the drivers themselves first had requested to stop the shipments due to fears over the outbreak.

It was earlier reported that once the coal shipment resumes, some temporary regulations should be followed. In particular, only companies satisfying certain safety requirements for the vehicles and their drivers would be allowed to continue coal export shipments with daily limits are set on the number of freight vehicles to cross the checkpoint.

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Mining ‘moderately exposed’ to effects of coronavirus www.mining.com

The metals and mining sector will be moderately exposed as a result of the ongoing coronavirus outbreak worldwide, said Moody’s in its latest report on global sectors based on data collected as of mid-March.

The fall in commodity prices will have an adverse effect on those in the industry. However, analysts at Moody’s believe many producers have improved since the last commodity slump in 2015-2016, which caused significant hardship for smaller, less-diversified companies and drove a steep rise in the number of defaults. Now, more global, higher-rated companies are in general better able to withstand a market downturn.

The global spread of coronavirus will slow economic growth significantly, which will, in turn, amplify its effect on several sectors, Moody’s asserts.

The firm recently revised its GDP growth forecasts for the advanced G-20 economies to 1.0% in 2020, down from 1.7% in 2019, and for the emerging G-20 to 3.8% in 2020, down from 4.2% in 2019, including a substantive slowdown in China. The baseline scenario assumes a normalization of economic activity in the second half of the year.

Moody’s cautions that the ability of some companies to withstand the effects of the virus will depend on its duration, and as events unfold on a daily basis, there is a higher than usual degree of uncertainty around its forecasts and assessment will evolve over time with new developments.

The following chart details the level of exposure for the major sectors around the world based on Moody’s research.

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Gold price rebounds – biggest rally since June 2016 www.mining.com

The gold price surged on Tuesday after the latest action by the US Federal Reserve to shore up financial markets and the announcement of a massive stimulus program by the Trump administration convinced investors that the metal’s status as a safe haven asset and inflation hedge remains intact.

The gold price jumped out of the gate on the Comex market in New York, touching a high of $1,554.30, up $67.80 an ounce, or 4.6% compared to Monday’s close. That was the biggest one-day gain since June 2016, when Brits voted to leave the European Union.

Bob Haberkorn, senior market strategist, RJO Futures
Gold has been on a wild ride over the past week, dropping as low as $1,450 an ounce Monday – a $250 an ounce slide after briefly hitting a seven-year high above $1,700 a week earlier.

“The fact that the Fed is stepping in, they are putting out more liquidity in the market, has helped gold to trade higher. Gold is starting to act like how it should act,” said Bob Haberkorn, senior market strategist at RJO Futures.

Gold usually performs well in an environment of rising inflation expectations, ultra-loose monetary policy and falling interest rates.

On Tuesday the Fed announced a restart to a 2008 financial crisis-era purchasing program of short-term corporate debt while an economic assistance package of more than $800 billion marked a shift by the White House towards a more aggressive response to the pandemic.

A wave of global central bank stimulus, including an emergency rate cut to zero by the Fed, and a pledge from leaders of the G7 nations to do whatever is necessary to respond to a global slowdown, have also bolstered gold’s prospects.

Bargain hunting
“Gold has got a lot of fundamental factors behind it to help drive it higher. Plus, you do have the technical aspect of it given the drawdown we had over the past two days,” Michael Matousek, head trader at US Global Investors told Reuters.

“It is a great opportunity for people to enter into the gold market.”

Goldman Sachs analysts said in a note that “in the near term, the gold price is likely to remain volatile as it tries to find a new equilibrium.”

(With files from Reuters)

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