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    

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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Secret sponsor of Mongolia’s Independence Revolution www.news.mn

The Bogd Khan or VIII Bogd Jebtsundamba Khutuktu (1869–1924) was the secret sponsor of Mongolian Independence Revolution of 1921 which ended centuries of Chinese occupation of Mongolia. Following the departure of the Chinese, the People’s Party founded a new government, but kept the Bogd Khan as nominal head of state.

The Bogd Khan financed the revolutionary activities under the secret name of Butkov. The letters from the seven men who led the Mongolian Revolution to the Bogd Khaan asking for finance, have being kept in the General Archival Authority.

On Wednesday 1 May, the General Archival Authority presented 60 vitally important scripts and documents to and from the Bogd Khan. The exhibition, which is at the National Museum of Mongolia will last for a month.

This year, Mongolia is marking the 150th anniversary of the birth of the Bogd Khan.

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Parliament appoints leadership of the independent authority against corruption www.president.mn

Within his power stated in Section 1 of Article 21 of the Anti-Corruption Law of Mongolia, President of Mongolia Khaltmaagiin Battulga forwarded his proposal on appointing Dashdavaa Zandraa to the position of General Director of the Independent Authority Against Corruption (IAAC) and Batsaikhan Janjaa to the position of Deputy General Director. The Parliament discussed the proposal at its plenary session today.

Chief of Staff to the President Z.Enkhbold introduced the President’s proposal under consideration of the Parliament and answered the questions of members of the Parliament.

Following the inquiries of the MPs, the President’s proposal on appointing Z.Dashdavaa as IAAC General Director was backed by the Parliament with vote of 94.6 percent and J.Batsaikhan as IAAC Deputy General Director with vote of 87.5 percent.

 
 
 
 
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Insys Therapeutics founder John Kapoor convicted in US opioid case www.bbc.com

The founder of Insys Therapeutics John Kapoor has become the first pharmaceutical boss to be convicted in a case linked to the US opioid crisis.

A Boston jury found Kapoor and four colleagues conspired to bribe doctors to prescribe addictive painkillers, often to patients who didn't need them.

The former billionaire was found guilty of racketeering conspiracy for his role in a scheme which also misled insurers.

Tens of thousands of deaths have been caused by opioid overdoses in the US.

Indian-born Kapoor founded drugmaker Insys Therapeutics in 1990 and built it into a multi-billion dollar company.

The jury found Kapoor had also misled medical insurance companies about patients' need for the painkillers in order to boost sales of the firm's fentanyl spray, Subsys.

Fentanyl is estimated up to one 100 times stronger than morphine and is usually only prescribed for severe pain arising in cases like treatment for cancer.

The court heard that Kapoor - who was arrested in 2017 on the same day President Donald Trump declared the opioid crisis a "national emergency" - ran a scheme that paid bribes to doctors to speak at fake marketing events to promote Subsys.

During the 10-week trial, jurors were also shown a rap video made by Insys for its employees on ways to boost sales of Subsys.

Kapoor and his co-defendants - Michael Gurry, Richard Simon, Sunrise Lee and Joseph Rowan - face up to 20 years in prison.

A statement from Kapoor's lawyer said he was "disappointed" with the verdict. The men had denied the charges and have indicated that they plan to appeal.

Forbes listed Kapoor's net worth as $1.8bn (£1.4bn) in 2018, before dropping off the publication's billionaire rankings this year.

His conviction marks a victory for US government efforts to target companies seen to have accelerated the opioid crisis.

The US Centres for Disease Control and Prevention has said that opioids - a class of drug which includes everything from heroin to legal painkillers - were involved in almost 48,000 deaths in 2017.

The epidemic started with legally prescribed painkillers, including Percocet and OxyContin. It intensified as these were diverted to the black market.

There has also been a sharp rise in the use of illegal opioids including heroin, while many street drugs are laced with powerful opioids such as Fentanyl, increasing the risk of an overdose.

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Balance of payments totals USD 219 million in surplus www.zgm.mn

In the first three months of 2019, the balance of payments (BoP) resulted in a surplus of USD 219 million. The indicator reached entered the positive zone compared to last year's USD 42 million losses.

The current account deficit has risen to USD 297.6 million since the beginning of the year, decreased from the previous year. The surplus of the trading account, which shows export and import reached USD 407 million. However, the service account that registered the flow of traffic, tourism, and other high-paid services accounted for a deficit of USD 553.2 million. This is an increase in the deficit over the previous year. The Bank of Mongolia (BoM) said that the balance of payments will have a surplus of USD 500-600 million this year.

high-paid services accounted for a deficit of USD 553.2 million
When the balance of payment results in a surplus, a certain amount of funding will be reflected in the foreign trade profit and financial account, according to the BoM. For instance, within the framework of the Extended Fund Facility program, about USD 800 million will be allocated to Mongolia. In addition, the Ministry of Finance estimated a direct investment of USD 1.3 billion into the underground development of Oyu Tolgoi LLC.

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Boeing appoints top legal adviser to handle 737 MAX lawsuits www.chinadaily.com.cn

CHICAGO - Boeing on Wednesday named J. Michael Luttig as the newly-created position of counselor and senior adviser to deal with legal issues related to the two recent 737 MAX crashes.

Luttig, 64, who has served as general counsel since joining Boeing in 2006, will "manage all legal matters associated with the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents," the Chicago-based aircraft company announced in a statement.

Luttig had served on the U.S. Court of Appeals for the Fourth Circuit for 15 years before joining Boeing. He also held senior roles at the U.S. Supreme Court, the White House and in private practice.

He will give advice to Boeing Chairman, President and CEO Dennis Muilenburg and the Boeing board of directors. Meanwhile, Brett Gerry succeeds Luttig as Boeing's general counsel.

A number of lawsuits have already been filed against Boeing in the federal district court in Chicago by family members of victims who lost their lives in two deadly crashes.

On-going investigations into the two accidents are reportedly pointing to faulty sensor readings and a flight-control system which pushed the doomed planes nose down.

Muilenburg told a shareholders meeting on Monday that Boeing is close to completing an update to the flight control software of 737 MAX aircraft.

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Mongol studies website launches for American students www.montsame.mn

Ulaanbaatar /MONTSAME/. During the Mongolian Days event that took place at the Western Washington University (WWU) on April 25-26, the website, StudyMongolia, was introduced to the public to promote Mongol studies.

Students, researchers and scholars of the U.S. will be able to find books and magazines related to Mongol studies and get news and information about Mongolia from the website StudyMongolia.

Noting that the university library has a large collection of books on Mongol studies, WWU President Sabah Randhawa highlighted that they are giving importance to further grow their book collections by categories. The event was supported by the Embassy of Mongolia to the USA, Consulate General of Mongolia in San Francisco, Ministry of Education, Culture, Science and Sports and the John C. Street Endowment.

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Erdenes Tavan Tolgoi JSC to cut its expenses by MNT400 billion www.montsame.mn

Ulaanbaatar /MONTSAME/ Erdenes Tavan Tolgoi JSC has worked with net profit of MNT304 billion in the first quarter of 2019. The Company extracted 4.2 million tons of coal in the first quarter, of which 2.4 million tons have been exported. The company’s revenue from sales reached MNT 741 billion, of which MNT 193.5 billion have been allocated to the state budget.

CEO of Erdenes Tavan Tolgoi JSC B.Gankhuyag said, “Last year, our company earned MNT1.99 trillion sales income with the net profit of MNT807.6 billion. According to the decision made by the Parliament and Cabinet, the Board of Directors of the company has resolved to fund major infrastructure projects and programs with its net profit. In particular, the company will fund first investments of the projects, including railways in route Tavantolgoi-Zuunbayan and Tavantolgoit-Gashuunsukhait, establishments of Coal Concentration Plant, water supply, conveyor system and Power Plant. In this regard, the company has made a decision to adjustments its budget, cutting its expenses by MNT400 billion, which is spent on building office and purchasing automobiles, computers and equipment and devices.”

Preparation works for the IPO on international market have being fulfilled intensively. In accordance with the law on procurement of goods, works, and services with state and local funds, some works related to selection of international consultant have been delayed for a while. But the fulfillment of a work on creating citizens’ aggregated database and formulating documentations are running well, he mentioned.

The Cabinet banned raw coal consumption in the capital city beginning from May 1, 2019. Therefore, processed fuel by Tavantolgoi Tulsh Company will be supplied to the citizens from May 15. This work is running with fulfillment of around 90 percent, he highlighted.

Tavantolgoi Tulsh Company will produce 800 thousand tons of fuel a year. By using this fuel, it is expected to reduce air pollution in Ulaanbaatar city up to 50-60 percent in 2019-2020. In addition, 24 types of experiment have shown that the fuel is not hazardous for human health.

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Mongolia approves nat'l program to promote youth development www.xinhuanet.com

ULAN BATOR, May 2 (Xinhua) -- Mongolia has approved a national program to promote youth development, local media reported Thursday, citing the country's Ministry of Labor and Social Protection.

"Developing young people is very important for any country's development and future," the country's Minister of Labor and Social Protection Sodnom Chinzorig said in a statement on the ministry's website.

"The program aims to create favorable conditions for youth to contribute as active members of society to the political, civil, economic, social and cultural development of the country and provide them with opportunities to develop their lifelong learning skills," Chinzorig added.

From 2019 to 2022, a total of 72 activities will be done to improve education at all stages, promote youth development, increase youth engagement in sustainable development, and create living as well as learning environments that are safe and friendly, he said.

Mongolia is an East Asian country with a population of 3.2 million. Currently, 33.7 percent of the total population and 46.5 percent of the working-age population are young people aged 15-34, according to the Ministry of Labor and Social Protection.

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Development Bank to finance major projects and programs only www.montsame.mn

Ulaanbaatar /MONTSAME/ At its regular meeting on May 1, the Cabinet assigned the Board of Directors of the Development Bank of Mongolia to immediately cease the issuance of low interest loans for commercial banks and fund major projects and programs only.

Head of the Cabinet Secretariat L.Oyun-Erdene was assigned to renew a composition of the Board of Directors, change the executives, who worked irresponsible, and put an experienced international team in charge of the bank’s management.

The working group, set up by the Government Resolution No:76, found 63 violations in the bank’s activities. Thus, the corresponding Minister and the Board of Directors were given a duty to take measures for eradicating the violations and oversee the implementation of the recommendations given during the inspection and report to the government within the third quarter of 2019.

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Ulaanbaatar - Sanya direct flight to open www.montsame.mn

Ulaanbaatar /MONTSAME/ Minister of Road and Transport Development B.Enkh-Amgalan held talks with his Chinese counterpart during his participation in the Second Belt and Road Forum for International Cooperation in Beijing, China.

The sides touched upon an issue of increasing the number of direct flight routes between Mongolia and China. The Chinese side expressed its willingness to take step-by-step actions in this regard while agreeing to give MIAT Mongolian Airlines the right to operate direct flight from Ulaanbaatar to Sanya city in Hainan, China between May 3 and December 31, 2019.

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