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AmCham Mongolia Daily Newswire

December 13, 2018

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Thermal power plant projects to be implemented in 10 provinces
Cabinet authorized Minister of Finance Ch. Khurelbaatar to sign a loan contract with Export-Import Bank of Korea to build thermal power plants in 10 of Mongolia's provinces. Thermal power plants will be built, heating networks will be expanded, and facilities will be renovated in Arkhangai, Bayankhongor, Gobi-Altai, Gobisumber, Dundgobi, Zavkhan, Uvurkhangai, Sukhbaatar, Khentii, and Tuv provinces. The 148 million USD loan will have a 40-year term with a 0.15 percent interest rate. Cabinet approved negotiations for another loan from Export-Import Bank of Korea to reduce air pollution in Ulaanbaatar. The potential investment would be 60 million USD with a 30-year term and a 1.5 percent interest rate.

The National Post /page 1/
NSO releases a socioeconomic report as of November 2018
The National Statistical Office (NSO) released a report on Mongolia's social and economic conditions in 2018. Prices for commodities and services increased by 8.1 percent compared to the same period in 2017. In part, electricity, gas and other fuel prices rose by 16 percent; the cost of transportation increased by 11 percent, and prices for alcoholic beverages and tobacco increased by 8.1 percent during the reporting period. The average salary for Ulaanbaatar residents was 1,156,000 MNT, which was higher than the nation's average by 124,400 MNT. Non-performing loans reached 2 trillion MNT, rising by 911 billion MNT compared to same period in 2017. Non-performing loans reached 12.4 percent of total outstanding debt, increasing by 3.8 percent during the reporting period.

Today /page 1/
Mongolian and Japanese trade turnover has doubled since 2016
Mongolian and Japanese trade turnover has doubled since 2016 when the two countries signed an Economic Partnership Agreement (EPA). Masa Igata, chief executive officer of Frontier Securities, underlined that Japanese businesses are interested in cooperating with Mongolian companies. Many projects have been implemented to support Japanese companies in Mongolia, including wind parks in Salkhit, Tuv Province, and Tsetsii in Uvurkhangai Province, and a silica mining facility in Saikhandulaan, Dornogobi Province. This year, Monnichi Today, an online investment platform, was launched to support Japanese investors.
The Official Gazette /page 12/
Mongolian economists share their export and budget revenue projections  for 2019
Economists affiliated with Bloomberg TV have predicted that exports and budget revenue are at risk of failing to meet state budget expectations next year. The main reasons for risk are export prices in the global market and ongoing issues with China about border checkpoints. Analysts have suggested that the government take action to negotiate with China to facilitate transportation and to expedite the opening of a new border checkpoint. According to analysts, the price of coal will fall by 14 USD per ton next year. They've also suggested that budget expenditure be kept low by regulating imports.
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