Mongolian Economy and Finance

SINGAPORE - Minister for Defence Dr Ng Eng Hen today met with ministers and senior officials from Australia, Cambodia, Malaysia, Mongolia, New Zealand, Tonga, the United States and Vietnam, on the sidelines of the Shangri-La Dialogue (SLD).

Debate regarding the role of the financial system in supporting China's real economy has come up time after time, as the country faces a challenging outlook because of the ongoing transformation of its industries, the Shanghai-based National Business Daily reports.

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(Reuters) - Chinese regulators have given the go-ahead to Alibaba Group Holding's online payment affiliate Alipay to take control of fast-growing fund firm Tianhong Asset Management Co as the e-commerce giant bulks up its push into online finance.

SMM reported that Inner Mongolia Baotou Steel Rare Earth (Group) Hi Tech Company has formed an annual capacity of 15,000 tonnes of stripcast Nd-Fe-B alloys and 5,000 tonnes of Nd-Fe-B magnets, world’s largest of this kind.

After having abstained from the March 27 United Nations General Assembly resolution vote condemning Russia’s annexation of Crimea, Mongolia has continued its public silence regarding Russian actions in Ukraine.

How much would someone have to pay you to visit an area under siege?

The 2014 China International Horstry Fair, based on the Inner Mongolia Horse Industry Association, Beijing Horse Racing Culture Exchange Co and Hohhot municipal bureau of commerce, will be held at the Inner Mongolia International Exhibition and Convention Center from May 30 to June 1.

Mongolia is seeking to expand its area available to mining to a fifth of the country, and by the close of the decade to end its dependence on foreign oil, according to a senior government official.

TORONTO, CANADA, May 29, 2014 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - TSXV and MNGGF - USA), ("MGG") or ("the Company") www.mongoliagrowthgroup.com , a real estate investment and development company participating in the dynamic growth of the Mongolian economy via ownership of institutional-quality commercial property assets in Ulaanbaatar, Mongolia, announces the acquisition of a centrally located retail center along with an adjoining development site in two separate transactions.

A small, well-educated, and open-to-the-world population living in a democracy with mineral wealth? Mongolia’s potential for development remains terrific.

I currently teach general and professional English to aspiring painters, secretaries, graphic designers, and tour guides.

'Wolf Totem' is an adaptation of the eponymous bestselling novel by Jiang Rong (pseudonym), published in 2004.

Mongolia wants to expand the area available to mining to a fifth of the country and so boost coal, shale gas and oil exploration, in an attempt to end its dependence on foreign oil by the end of the decade.

By Paulius Kuncinas Regional Editor, Oxford Business Group

German Chancellor Angela Merkel and President Ts.Elbegdorj initiated the German-Mongolian Institute for Resources and Technology (GMIT) in 2011.

Ambassador N.Tulga visits ERBD Ulaanbaatar, May 30 (MONTSAME) The Ambassador Extraordinary and Plenipotentiary of Mongolia to the United Kingdom of Great Britain and Northern Ireland N.Tulga visited a central office of the European Bank for Reconstruction and Development /EBRD/ on Thursday.

Newera Resources ( ASX: NRU ) has commenced a ground magnetic survey at the Ulaan Tolgoi project in the South Gobi basin in Southern Mongolia.

Bringing together business people, entrepreneurs and investors to discuss how they can collectively take advantage of Mongolia's next phase of growth

SEOUL ?? South Korea says China has agreed to cooperate in opposing North Korea's threat to test a fourth nuclear device.

Dallas, TX (PRWEB) May 26, 2014

Environmental Protection Agency (EPA) Administrator Gina McCarthy announced yesterday nearly $9 million in university research grants to study cleaner cookstoves and fuels that “improve air quality, protect public health, and slow climate change” in countries such as Kenya, Mongolia, India, and Nepal.

ASTANA. May 28 (Interfax-Kazakhstan) – The aviation authorities at 6th meeting of the Kazakh-Mongolian intergovernmental commission have agreed to resume flights between the two countries.

© companiesandmarkets.com 28.05.2014 03:31:01 - Mongolia Business Forecast Report Q1 2014 - a new country guide report on companiesandmarkets.com

A regular direct air route connecting Taiwan and Hohhot, capital of north China's Inner Mongolia Autonomous Region, opened on Wednesday, said its operator Far Eastern Air Transport.

© companiesandmarkets.com 28.05.2014 10:10:01 - Soft Drinks Market in Mongolia: Databook to 2017 - a new market research report on companiesandmarkets.com

iNVEZZ.com, Wednesday, May 28: Rio Tinto Plc (LON:RIO), the world's second largest diversified mining company, plans to make job cuts at its Oyu Tolgoi copper and gold mine in Mongolia, Reuters reported today.

RIO Tinto is slashing about 300 jobs at its Oyu Tolgoi copper and gold mine in Mongolia to cut costs in a move that is unlikely to make negotiations with the government over a mine expansion any easier.

PM Sees Products Made by Contestants of “Worldskills” Ulaanbaatar, May 28 (MONTSAME) The Prime Minister N.Altankhuyag Tuesday got au fait with products made by pupils and teachers who advanced to the 2nd phase of the “Mongolian skills-2014” national contest.

Birmingham, West Midlands — ( TechSonian ) — 27 May, 2014 — Koninklijke KPN N.V. (ADR) ( OTCMKTS:KKPNY ) have established a mobile app to engage fans in new ways.

Mongolia’s second largest airline, Hunnu Air is contributing revenues of its own to the economy’s booming 12% GDP growth with expanded routes and new digital services, promoted with the latest Abacu technology.

May 28 (Reuters) - Jiangsu Yueda Investment Co Ltd

Astana, Kazakhstan, May 28 By Daniyar Mukhtarov - Trend:

Rio Tinto Group will cut jobs today at its Oyu Tolgoi copper and gold mine in Mongolia following a review aimed at reducing costs.

May 28 (Reuters) - Rio Tinto Ltd plans to cut around 300 jobs at the Oyu Tolgoi copper and gold mine in Mongolia it operates to cut costs as copper prices remain weak, the global miner told staff on Wednesday.

Mongolian professionals enter international competition May 27 (UB Post) Mongolia joined WorldSkills International as the 69th member in order to train skilled professionals based on labor market demands, to challenge the skills and knowledge of teachers and students, improve the vocational education system, introduce Mongolia’s skills to the world, and to learn from the experiences of foreign countries.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2014) - Kincora Copper Limited (the "Company", "Kincora") (TSX VENTURE:KCC) is pleased to announce drilling activities have commenced at high priority copper porphyry targets, following initial exploration activities having already resumed at Bronze Fox.

27/05/2014 -  Mongolia should persist with systematic reforms in its struggle against corruption, says a new report by the Istanbul Anti-Corruption Action Plan (IAP). 

SINGAPORE--27 May--Standard & Poor's

China ENFI Engineering Corp. (ENFI) announced that, the Feasibility Study Report on the Copper Smelting Project (with an annual output capability of 120,000 tons) of HOKO Company in Mongolia was formally completed on May 23, 2014.

I escaped from North Korea in 2007. Two years later, I arrived in Mongolia, along with my mother and five other people.

Kincora Copper ( CVE:KCC ) has kicked off drilling activities at high priority copper porphyry targets at its Bronze Fox asset in Mongolia.

Mongolia joined WorldSkills International as the 69th member in order to train skilled professionals based on labor market demands, to challenge the skills and knowledge of teachers and students, improve the vocational education system, introduce Mongolia’s skills to the world, and to learn from the experiences of foreign countries.

By James Watkins

By Julian Dierkes

Global Credit Research reported on Monday that Moody’s Investors Service has changed the outlook on Mongolia’s government bond rating to negative from stable.

Tim and Tigon

The West Australian based agribusiness Wellard Group has expanded its exports into China and believes it may start shipping live feeder and slaughter cattle there within five to six months.

WA-based agribusiness Wellard has scored two major breakthroughs in trade with China as it prepares for a boom in exports of livestock and processed red meat.

Jean Jacques Annaud had a chance to direct “Life of Pi,” a 2012 film that went on to win four Academy Awards.

Premier Li Keqiang’s two visits to the Inner Mongolia autonomous region in the past two months demonstrate key priorities of the Chinese government’s work, says an editorial in China Business News. Excerpts:

May 27 (Bloomberg) -- When Mongolia's government introduced a new mortgage law it not only helped more people to own homes, it also gave the country's construction sector a huge boost -- effectively creating a whole new market.

© companiesandmarkets.com 27.05.2014 07:17:01 - Spirits Market in Mongolia: Databook to 2017 - a new market research report on companiesandmarkets.com

BEIJING, May 26 (Yonhap) -- North Korea's chief nuclear envoy on Monday confirmed that he held an informal meeting with U.S. experts in Mongolia late last week, in an apparent move to explore ways to resume long-stalled multilateral discussions on the North's nuclear program.

Ovorkhangai to run construction Ulaanbaatar, May 27 (MONTSAME) A total of 16 construction works are planned in this province this year.

Four Projects in Construction and Health Sectors to Be Financed by Government Securities Traded May 27 (infomongolia.com) Due to approaching holiday this weekend, Mothers' and Children's Day, the Government held its regular Cabinet meeting on May 26, 2014.

ISLAMABAD - The Russian Business Council for Cooperation with Pakistan (RBCCP) is planning to organise different trade related events in Russia and Pakistan to explore trade potential and enhance economic relations between the two countries.

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It has been confirmed that delegations from the U.S. and North Korea met in the Mongolian capital, Ulaanbaatar, on Friday last week.

Mongolia is in the midst of rapid change driven by a booming mining industry.

Speaker meets China Investment Corporation chairman Ulaanbaatar, May 26 (MONTSAME) Parliament Speaker Z.Enkhbold met Monday with Ding Xuedong, a deputy secretary-general of China’s State Council and a chairman of China Investment Corporation.

Foreign Minister to Visit Sweden Ulaanbaatar, May 25 (MONTSAME) The Mongolia’s Minister of Foreign Affairs L.Bold will start an official visit to the Kingdom of Sweden on Monday.

Yeon-mi Park is a media fellow at Freedom Factory, a for-profit think tank in Seoul.

HONG KONG, CHINA--(Marketwired - May 25, 2014) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") today announced that its majority shareholder, Turquoise Hill Resources Ltd. ("Turquoise Hill"), will support the Company by providing a $10 million revolving credit facility to the Company to meet short term working capital requirements.

Glendale, CA (PRWEB) May 26, 2014

Chinese Foreign Minister Wang Yi will make an official visit to South Korea at the invitation of Seoul’s Foreign Affairs Minister Yun Byung-se on Monday.

North Korea and Japan are expected to discuss the fate of Japanese nationals kidnapped decades ago by Pyongyang as their envoys meet for three days of talks in Stockholm from today.

PARIS--(BUSINESS WIRE)--

Mongolia is in the midst of rapid change driven by a booming mining industry.

French oilfield services provider Technip SA ( TNHPF.PK , TKPPY.PK ) Monday announced that it has received an engineering, procurement and technical assistance contract by Fengzhen Wanjie Gas Co. Ltd. for a liquefied natural gas or LNG plant in Fengzhen City, Inner Mongolia Province, China.

PARIS--(BUSINESS WIRE)--May 26, 2014-- Regulatory News:

Singapore, May 26, 2014 -- Moody's Investors Service has changed the outlook on Mongolia's government bond rating to negative from stable.

China, Mongolia and the FAO have signed a Memorandum of Understanding (MoU) for South-South Cooperation (SSC) tripartite agreement to implement the National Program for Food Security and the National Livestock Program

It has been confirmed that delegations from the U.S. and North Korea met in the Mongolian capital, Ulaanbaatar, on Friday last week.

Latvia has offered Mongolia to used Riga as an intermediate point for flights to Europe, Ministry of Transport informed the business portal Nozare.lv, cites LETA.

Before contracting by 1.6 percent in late 2008, Mongolia’s economy was experiencing an average growth of nine percent annually due to the economic bubble caused by increased mining investment.

DALLAS, May 25, 2014 -- /PRNewswire/ --

HALIFAX, NOVA SCOTIA -- (Marketwired) -- 05/22/14 -- Erdene Resource Development Corp. (TSX: ERD ) (" Erdene " or "Company"), is pleased to provide an update on 2014 exploration activities at its wholly-owned Altan Nar gold -polymetallic project in southwest Mongolia .

URUMQI, May 25 (Xinhua) -- A former governor of northwest China's Xinjiang Uygur Autonomous Region has urged thorough eradication of terrorism for the region's stability.

Photo exhibition about Mongolia opens in Brussels Ulaanbaatar, May 23 (MONTSAME) Dedicated to 25th anniversary of the Mongolia-European Union diplomatic relations, a photo exhibition on Mongolia has opened in the European Commission Headquarters in Brussels, Belgium.

The Government of Mongolia, which received instructions to intensify and recover the economy in 100 days, is getting to work.

The following is an interview with the President of the Mongolian Youth Federation, A.Munkhbat, highlighting issues regarding the federation and future plans including the “Cycling Ulaanbaatar” project and the Asian Youth Forum.

Iran's New Ambassador to the UN Hamid Aboutalebi, whose visa has not yet been issued by the US government, described Shanghai CICA meeting as very successful.

Chinese police today said they have arrested the only surviving bomber who carried out one of the bloodiest attacks in years in the restive Xinjiang province, while an anxious government announced a security crackdown across China .

Reuters reported that Large Chinese copper smelters are deferring major spot market purchases of concentrates, betting on a rebound in processing fees that would make buying of the raw material in the second half more profitable.

Premier Li Keqiang said appropriate policy tools and timely fine-tuning have been developed to tackle capital shortages in the real economy, as the world's second-largest economy continues to face "relatively big" downward pressure.

Mubadala Petroleum and Rosneft have agreed to cooperate in the exploration and production of oil and gas assets in Siberia and elsewhere, as the Russian state-owned producer looks to mitigate US and European sanctions through new trade links and diversified business.

URUMQI - Police have identified five suspects who took part in a terrorist attack on Thursday that killed 39 innocent people and injured another 94, local authorities said Friday night.

BEIJING, May 24 (Xinhuanet) -- Premier Li Keqiang said today that China’s economy remains under downward pressure, and needs some policy fine-tuning.

When Chen Lin said in a firm voice that all wind-generating sets are independently developed by his company, Premier Li Keqiang responded good-naturedly: "I just don't believe it."

ASIA TOOK billions of years to build. It started with Siberia and then huge land masses like Mongolia and China got added.

MOSCOW (Reuters) - Russia's top oil producer Rosneft signed several deals at the St Petersburg International Economic Forum over the weekend, despite sanctions imposed on the company's chief executive Igor Sechin.

One by one, executives from some of the world’s largest energy companies climbed the dais to sign accords with OAO Rosneft (ROSN) chief Igor Sechin as Vladimir Putin stood behind his blacklisted ally, nodding approvingly.

Rosneft and BP signed a head of agreement on the joint development of the Domanic beds in the Orenburg region during the St Petersburg International Economic Forum, an Interfax correspondent reports from the signing ceremony.

Chinese Premier Li Keqiang said the country's economy has stabilised but still faces great downward pressure, state radio reported Friday.

BEIJING - Premier Li Keqiang said the country should continue pushing forward sustainable development and improving people's livelihood.

It is nearly four hours before our passports are returned to us, duly stamped, and the train moves again.

TORONTO, ONTARIO--(Marketwired - May 23, 2014) - Khan Resources Inc. (CSE:KRI) ( "Khan" or "the Company" ) announced today that it has filed its financial statements and management's discussion and analysis for the six months ended March 31, 2014 on SEDAR and has posted these documents to its website www.khanresources.com .

Russia and Mongolia could sign a free trade agreement and create transport infrastructure between the Customs Union, Mongolia, and China, Russian's Economic Development Ministry said in an online statement.

New Food research report from Canadean is now available from Fast Market Research

BEIJING, May 23 (Reuters) - China's economy still faces "relatively big" downward pressures and timely policy fine-tuning is needed, Premier Li Keqiang was quoted by state radio as saying on Friday.

BEIJING--Chinese Premier Li Keqiang said the country's economy has stabilized but still faces great downward pressure, state radio reported Friday.

Rosneft expands its presence at the oil products market of Mongolia.

Rosneft expands its presence at the oil products market of Mongolia.

MOSCOW, May 23 (Xinhua) -- Moscow and Ulan-Bator have been considering a free trade zone with the participation of Mongolia and the Customs Union (CU), Russian Minister of Economic Development Alexei Ulyukayev said Friday.

Eznis Airways (EF, Ulaanbaatar ) has suspended operations with immediate effect citing "financial difficulties" caused by the harsh market conditions.

Deep in the Mongolian snowforest, the Dukha (also known as Tsaatan) people have herded reindeer for thousands of years.

A 38-year-old woman from Khabarovsk, Russia, suffered from infertility throughout her 20-year marriage.

Recently, the Organizing Committee of the National Community Care Campaign under the All-China Women’s Federation (ACWF) and Inner Mongolia Yili Industrial Group Co., Ltd. held a get-together for left-behind children with their parents, to mark the upcoming International Children’s Day.

A North Korean ambassador in charge of Japanese affairs on Friday left Pyongyang for negotiations next week in Sweden with senior officials from Tokyo.

Swiss Delegates Visit "One Window Service" Center Ulaanbaatar, May 23 (MONTSAME) In a scope of the working visit, the Swiss delegates led by Ms Denis Luthe, the Director for East Asia Department of the Swiss Agency for Development and Cooperation /SDC/, visited a "One Window Service" center of the UB city's Chingeltei district on Thursday.