October 2009

MARC : New credit card tax unlikely to reduce consumer spending

Posted Date : 30 Oct 2009 MARC believes that the proposed annual credit card tax of RM50 per primary credit and charge card and RM25 per supplementary card is unlikely to have an impact on the overall transaction value of cardholders over the medium term. According to Anandakumar Jegarasasingam, MARC’s Head of Financial Institutions Ratings, …

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Commentary on Budget 2010

Posted Date : 24 Oct 2009 The measures in Budget 2010 are intended to delicately balance the need to address the government’s budgetary constraints while continuing to support the nascent economic recovery. The series of measures unveiled yesterday are focused on reducing the budget deficit by trimming operating expenditures and broadening the revenue base through …

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MARC signs Technical Collaboration Agreement with Emerging Credit Rating Limited of Bangladesh

Posted Date : 20 Oct 2009 Malaysian Rating Corporation Berhad (“MARC”) entered into a Technical Collaboration Agreement with Emerging Credit Rating Limited (“ECRL”) of Bangladesh today. Under the agreement, MARC will assume the role of technical partner to ECRL, providing consultancy and advisory in the development of ECRL’s credit rating methodologies and training in credit …

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CIMB Investment Bank Berhad and Maybank Investment Bank Berhad top MARC’s Lead Managers’ League Tables for January to September 2009

Posted Date : 09 Oct 2009 CIMB Investment Bank Berhad topped MARC’s Lead Managers’ League Tables based on issuance value and holds the top spot with Maybank Investment Bank Berhad for issue count. Five financial institutions shared second place for issue count. The total value of MARC rated bonds issued from January to September 2009 …

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