• No Asia trade pact expected on Obama’s trip to region

    The White House downplayed any expectations Thursday of progress on a much-awaited pan-Pacific trade deal during President Barack Obama’s upcoming trip to Asia. The Trans-Pacific Partnership, which would encompass 40 percent of the global economy and include 12 nations, has been the subject of protracted negotiations. It does not include ...

  • Asia Inc leads West in business in Myanmar

    YANGON — Asian businesses are gaining a foothold in Myanmar far quicker than those from Europe and North America, with China, Thailand, Hong Kong and Singapore accounting for nearly half of the firms setting up in the fast-changing country.

  • Danone Sales Lifted By Asia Rebound

    French dairy company Danone said sales grew 3% in the third quarter as baby-food sales rebounded in its crucial Asian market, where it was hit hard last year by a large product recall.

  • Mongolia to export coal by new railway next year

    By B.MENDBAYAR Prime Minister N.Altankhuyag visited the embankment construction site for the 267 kilometer railway being built between Tavan Tolgoi and Gashuun Sukhait. The Tavan Tolgoi-Gashuun Sukhait Railway is being constructed under the New Railway Project being implemented by the Mongolian Railway state-owned stock company. Funding of 200 million USD from the ...

  • Mongolia’s first heavy-duty highway launches

    Gateway to exporting 40 million tons of coal opens  Trans. by B.DULGUUN A 43.2 km heavy-duty paved road from Nariin Sukhait to Shivee Khuren launched last Saturday. This highway is Mongolia’s first heavy-duty road, enabling passage for 150-ton trucks, established under the Build-Operate-Transfer concession agreement. During the opening ceremony, Mining Minister D.Gankhuyag commented, ...

  • Ulaanbaatar forecasts 2.5 percent GDP increase from tourism by 2030

    Five percent of state budget to be used for entertainment and sports events By M.ZOLJARGAL “Friendly Ulaanbaatar” project’s consultation took place on Wednesday, which is expected to elevate tourism in Mongolia and increase Mongolia’s GDP in the long-term. During the event, Ulaanbaatar City Governor E.Bat-Uul highlighted, “Ulaanbaatar city will be able to receive ...

  • Richemont Sales Dimmed by Asia

    Richemont reported a 1% sales increase during the five months ended in August, slowing growth relative to the same period last year as the luxury sector grapples with waning demand in Asia.

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    L’Asia offre interessanti opportunità al made in Italy

    «Per quanto riguarda la previsione relativa all’andamento delle esportazioni italiane in Asia, si stima che tra il 2014 ed il 2017 queste cresceranno ad un ritmo medio dell’8,6%» Nel periodo 2014-2017 l’Asia si confermerà l’area economicamente più dinamica al mondo con una crescita media del Pil di +6,6%. La Cina crescerà ...

  • Putin’s visit to amplify Mongolia- Russia trade

    By B.KHASH-ERDENE Russia and Mongolia committed to boosting trade to 10 billion USD by 2020, during Russian President Vladimir Putin’s five-hour visit to Ulaanbaatar on Wednesday. Although Russia owns 51 percent of Ulaanbaatar Railways and 49 percent of state-owned Erdenet copper mine, trade with Mongolia has been dropping steadily in recent years. Mongolia-Russia ...

  • Mongolia, China pledge $10 billion in annual trade

    China and Mongolia pledged Thursday to almost double their annual two-way trade to $10 billion by 2020 as President Xi Jinping became the first Chinese head of state in more than a decade to visit this sprawling resource-rich nation sandwiched between China and ...

  • Asia, Latin America boost trade

    Members of the 15th Forum for East Asia-Latin America Cooperation (FEALAC) have agreed to set up a business body to promote cooperation in trade and investment.