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Happy Monday! 🏁 Get ready for an adrenaline rush! The 13th Annual “Power Expo & Festival” roars into Ulaanbaatar on May 9–11, bringing top racers and drift champions worldwide. From heart-pounding races to extreme sports and a massive auto expo, it’s the ultimate celebration of speed, style, and youth power!

Today’s highlights in 3 sentences…

• 🤝 Hungary and Mongolia Deepen Ties

• 🌱 TESO Group Publishes 2024 Sustainability Report

• 🗽 Mongolia to Amend Freedom of Press Law

Ready to Dive in?

MARKET

MNG: The EBRD is considering a ₮26 billion loan to MSM Group.

KOR: South Korea’s National Assembly Speaker, Woo Won-shik, will visit Mongolia from April 25–30.

UB: Construction officially begins on the Bagahangai District and Hunnu City branch railways.

📜 TESO Group Aligns with International Standards

TESO Group, one of Mongolia’s leading food manufacturers, has released its 2024 Sustainability Report, outlining progress on its sustainability goals.

👀 Raising the Bar

Since 2009, TESO Group has progressively integrated international standards into its operations, particularly within the food and manufacturing sectors. In 2023, the group took a strategic leap by renewing its sustainability policy, aligning it with global standards, with the commitment to publish its Sustainability Report annually.

• 💭 To understand TESO Group’s business structure, it operates through 3 core divisions, TESO Foods, TESO Properties, and TESO Investments, which oversee over 30 subsidiary companies.

Building on this foundation, the subsidiaries under TESO Group have adopted 6 international management systems, setting a new benchmark for Mongolian companies. Milko LLC, for instance, became the first Mongolian company to implement an energy management system and certified its integrated management system, which covers everything from quality to food safety and environmental protection.

♻️ Carbon Footprint Accounting and Waste Management

Expanding its focus to environmental responsibility, TESO Group officially calculated its CO₂ emissions starting from 2024. The report shows that 6,535 tons of CO₂ were emitted, while the group’s emissions were reduced equivalent to 875 kg of CO₂. Furthermore, they conserved 16,619 kWh of energy. Notably, 30% of the Group’s delivery vehicles are electric, marking a direct step toward carbon footprint reduction.

• 🏞️ In line with its environmental goals, one notable highlight of the report is that TESO Foods has adopted the 5R waste management framework, recycling 116 tons of waste and properly disposing of 593 tons. This reflects the group’s commitment to the 5R principles: rethink, reduce, reuse, recycle, and residual management.

🫂 A People-Centered, Supportive Workplace

In 2024, TESO Group revised its HR policy to prioritize employee well-being across 5 key dimensions, financial, mental, physical, social, and professional. The company actively fosters a diverse and inclusive work environment, with a workforce of 2,291 employees, 51% of whom are women. By implementing robust gender equality policies and addressing issues like discrimination and harassment, TESO Group ensures a supportive, equitable workplace for all.  

Taken together, TESO Group remains deeply invested in education, healthcare, sports, and human development. Through the inside and outside efforts of the group, TESO Group is not only setting new standards for corporate sustainability in Mongolia but also working towards a future where businesses thrive financially while making a meaningful contribution to society and the planet.

⭐ Selected for you

ECONOMY & BUSINESS

• Suu JSC's Strategic Expansion. (Montsame) 

• Taiwan’s KFSYSCC and Mongolia’s First Central Hospital signed an International Medical Cooperation MOU. (TaipeiTimes)

• LendMN Raises $20 Million to Drive Tech-led Financial Inclusion for MSMEs in Mongolia. (FFNews)

• The Stock Market Center Opens. (UBPost)

POLITICS

• Serbia: Visa Exempt Status Ends for Nationals of Kuwait, Mongolia, Oman, and Qatar. (Fragomen)

• United States, Japan, Mongolia, Taiwan to See Major Growth in United Airlines’ Fifth-Freedom Route Expansion. (TTW)

• Mongolia Has Extensive Deposits of Rare Earth Minerals, Including Copper, Neodymium, Cerium, and Samarium, and It Is Helping the U.S. (JeffNehmanLaw)

• Hungary and Mongolia Deepen Partnership With New Trade and Cultural Deals. (DailyNewsHungary)

• Why Japan and Mongolia Are Expanding Defense Capability Cooperation. (TheDiplomat)

CULTURE & LIFESTYLE

• From Mongolia to Wall Street: My First-Gen MBA Journey. (UCDAVIS)

• The Changing Face of Urban Mongolia. (GatesCambridge)

 🗽 Mongolia to Amend Freedom of the Press Law

Parliament is preparing to discuss amendments to the Freedom of the Press Law.

• 🔎 Why it matters: While the amendments aim to update the Media Law for the first time in 27 years, media industry leaders and several MPs are urging Parliament to withdraw and fully redraft the proposal, citing its weak and superficial content.

😷 Cosmetic Amendments

The stated goal of the draft law is to safeguard press freedom and create a legal framework for the dissemination of information without harming honor, reputation, public morals, or national security. Key features of the amendments include:

• Defining the basic terms and principles for journalists, editorial teams, and media organizations.

• Prohibiting government and local authorities from owning media outlets, instead requiring them to advertise their activities through public tenders.

• Mandating disclosure of paid articles and programs, as well as ownership details for shareholders with more than 5% stakes, ultimate owners, and any state involvement.

• Allowing citizens and organizations to submit complaints directly to editorial offices or their regulatory bodies.

Despite these changes, critics argue that the draft merely formalizes daily operations already governed by internal editorial policies. They also note that without amending defamation-related provisions in the Criminal and Civil Codes, the reforms will be superficial. Although the Criminal Code is scheduled for revision this spring, Parliament appears set to fast-track the Media Law separately, risking incoherence between the reforms.

🤫 Reality Check 

Mongolia’s standing in the World Press Freedom Index has sharply declined, falling 21 to 109th out of 180 countries this year, moving from the “problematic” to “critical” category.

📢 Final Thought… Lawmakers and regulators have consistently failed to distinguish press freedom from the spread of defamation and false information. Instead, defamation laws have been weaponized, leading to further erosion of media freedom. Once again, a law with a new name but lacking real substance risks being passed without addressing the fundamental issues.

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Publisher: Ts.Ankhbayar
Writer: M.Khulan
Graphics by: Ts.Tselmeg

Disclaimer: The information Inside Mongolia provides is for educational and informational purposes only. It is not intended to be or constitute financial advice, trading advice, or any other advice. The decision whether to consider the information we provide is solely our readers' independent decision.