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AmCham Mongolia Daily Newswire

September 18, 2018

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Prime Minister on an official visit to the U.S.
Prime Minister U. Khurelsukh is now paying an official visit to the United States of America. During his visit, the premier will meet with high-level U.S. officials and sign a declaration authorizing the Mongolia Water Compact with the Millennium Challenge Corporation. It is expected that the two countries will define a roadmap to expanding bilateral economic relations. Prime Minister U. Khurelsukh will also attend the 73rd Session of the United Nations (UN) General Assembly, and meet with General Secretary of the UN António Guterres and President of the Executive Board of the UNDP Achim Steiner.

Today /page A2/
President Kh. Battulga receives members of the U.S. Congress  
On September 17, President Kh. Battulga received members of the United States Congress Ted Yoho, Elizabeth Esty, Tom Garrett, and Ruben Kihuen, who are paying an official visit to Mongolia. The sides exchanged views about U.S.-Mongolia bilateral economic and defense cooperation, and the Third Neighbor Trade Act bill. The president explained the importance of the bill for Mongolia, stating that up to 40,000 jobs could be created if the bill is passed, and asked for the Congress members’ support.

Daily News /page 2/
Order placement for Ard Daatgal’s IPO commences on Monday
Order placement for Mongolian Stock Exchange-listed Ard Daatgal’s IPO began on September 17. The company offered its stock at 700 MNT per share and plans to raise 5.2 billion MNT in capital through the IPO. Ard Daatgal is the second Mongolian insurance company to begin publicly trading its shares. There are currently 15 insurance companies in the Mongolian market, with total assets valued at 193.5 billion MNT.
The Official Gazette /page 11/
Monnichi Today Private Sector Business Forum takes place
The Monnichi Today Private Sector Business Forum was held on September 17, in Ulaanbaatar. The founders of Monnichi Today, a Japanese-Mongolian news media company, hope that the platform will contribute to strengthening cooperation between companies in Mongolia and Japan. As of the first half of 2018, Japan’s foreign direct investment in Mongolia saw a year-over-year increase of 11 million USD, reaching 34 million USD, according to data from the Bank of Mongolia. During the forum, Japanese representatives expressed interest in investing not only in energy but also in the agriculture and information technology sectors.            
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