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AmCham Mongolia Daily Newswire

September 28, 2018

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Water Development and Good Governance national dialogue held

On September 27, the President’s Office, in collaboration with the Ministry of Nature, Environment and Tourism, organized a national dialogue under the theme “Water Development and Good Governance”. Participants exchanged views on water sector management and made a general recommendation to look for possibilities to establish a state administrative body in charge of the water sector. President Kh. Battulga instructed Cabinet to pay attention to implementing policy reforms and resolving pressing challenges in the sector.

Daily News /page 2/

Authorities plan to develop a satellite city near NUBIA

Minister of Construction and Urban Development Kh. Badyelkhan signed an agreement with senior officials of the Agency for Land Administration, Geodesy and Cartography and the Construction Development Center on developing concepts for the Mongolia’s Population Settlement Project. The minister stated, “To lower the high population concentration in Ulaanbaatar, it is necessary to implement the project. The UN and ADB will help us with regards to finalizing the project concept.” He added that a satellite city will be developed near the New Ulaanbaatar International Airport (NUBIA).

The National Post /page 2/

Online birth registration system to be introduced

The Ministry of Health, the National Statistical Office, and the General Authority for State Registration have created an integrated online database, which is to be introduced in Ulaanbaatar soon. Just after a new child is born at a hospital, the state registration database will directly register the newborn from the health database and issue a national identity number. According to statistics, 96 percent of childbirth in Mongolia happens in hospitals. Out-of-hospital births are expected to be registered with the state’s registration database within 24 hours.

The Official Gazette /page 2/

WTO cuts global trade growth forecast to 3.9 percent

On September 27, the World Trade Organization (WTO) downgraded its global trade growth forecast for 2018 to 3.9 percent from 4.4 percent, projected last April, amid U.S. and China import tariff disputes. The WTO warned about a possible contraction of the global economy, which has been recovering since the 2008 financial crisis, and emphasized a noticeable decline in global investment.

www.bloombergtv.mn

REWIND: Week of September 24, 2018

September 24

Parliament’s fall session agenda approved. Speaker of Parliament M. Enkhbold issued a decree determining the agenda for Parliament’s fall session.
Regional average salaries lower than the national average. Average salary in the provinces is 134,700 MNT to 376,700 MNT less than the national average.
Khushuut mine’s coal export slows in 2018. The company has reported that the target of 1 million cannot be met because of the slow entry process at the Bulgan border checkpoint.
Prime Minister meets with World Bank President. On September 20, Prime Minister U. Khurelsukh met with President of the World Bank Jim Yong Kim to exchange views on the current state of bilateral collaboration between Mongolia and the World Bank

September 25

Prime Minister meets with IMF Managing Director Christine Lagarde. Christine Lagarde emphasized the initial positive outcomes of the EFF, but she warned about Mongolia’s vulnerability to external and internal shocks.
Minister D. Sumiyabazar on a working visit to Russia. To further discuss the suggestions that were made during these meetings in detail, and to review the petroleum product supply issue, a working group led by Minister of Mining and Heavy Industry D. Sumiyabazar is now visiting Moscow.
Emerging countries’ currencies falling against the dollar. Reportedly, the currencies of almost 100 nations out of 146 have fallen in value against the dollar.
Mining sector accounts for 26 percent of state revenue in 2018. In the first eight months of 2018, the mining sector generated 26 percent of the state's revenue.

September 26

President Kh. Battulga meets with the President of Azerbaijan. As part of his working visit to Azerbaijan, President Kh. Battulga met with his counterpart from Azerbaijan, Ilham Aliyev, on September 24.
Inflation expected to remain at 8 percent in 2019. Governor of the BoM N. Bayartsaikhan stated that the target inflation rate for 2019 is expected to be set at 8 percent, the same rate as this year, and at 6 percent in the long-term
Executives from companies with recently issued IPOs hold a consultative meeting. During the consultation, the participants discussed products and services available on the stock market, and measures to take to increase the liquidity of shares and diminish stock concentration.
Sainshand Salkhin Park begins supplying energy to the grid. Sainshand Salkhin Park (SSP) LLC announced that the first turbine of the plant has been commissioned and synchronized to the grid.

September 27

Prime Minister attends the 73^rd session of the UN General Assembly. On September 28, the premier will give an address on Cabinet’s foreign policy directions and the main social and economic policies underway in the country.
ADB predicts that Mongolia’s economy will grow by 6.1 percent in 2019. Previously, ADB analysts had projected that Mongolia’s economy would grow by 3.8 percent in 2018 and 4.3 percent in 2019, but they've modified the estimates, forecasting that economic growth will stand at 6.4 percent in 2018 and 6.1 percent in 2019.
Khutul Cement & Lime Company to issue 6 million additional shares. Following the Financial Regulatory Commission’s approval to register additional shares, the company will conduct a seasoned offering for 6 million ordinary shares at 100 MNT per share.
Mongolia to collaborate with Russia on exporting Tavan Tolgoi’s coking coal. As part of a visit to the Russian Federation, a working group led by Minister of Mining and Heavy Industry D. Sumiyabazar made an on-site visit to a Black Sea coal terminal at Taman Seaport.

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