May 2019

MARC publishes 2018 Lead Managers League Tables

Posted Date: May 27, 2019 Malaysian Rating Corporation Berhad (MARC) has published its 2018 Lead Managers League Tables. The league tables rank the lead managers by volume and number of lead-arranged MARC-rated issuances in any given year. RHB Investment Bank Berhad topped the issued value league table of MARC-rated debt and sukuk programmes/issuances, with CIMB …

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OPINION: Malaysian Government’s Industry 4.0 can help alleviate pressure on current account

Posted Date: May 23, 2019 Malaysia’s trade performance remained resilient in 1Q2019 despite external challenges. According to balance of payments data, the value of total trade (i.e. exports plus imports) rose 0.4% year-on-year. With exports growth (+1.1%) outpacing that of imports (-0.4%), Malaysia’s current account (CA) balance came in at a commendable 4.5% of GDP, …

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OPINION: Malaysia’s Q1 2019 GDP Commendable; MARC Maintains 2019 GDP Growth Forecast at 4.6%

Posted Date: May 17, 2019 A Quick Note Despite unfavourable global developments, Malaysia’s headline GDP growth pace in the first quarter of 2019 came in at a respectable 4.5% year-on-year. Private consumption, as expected, provided crucial support. It expanded by 7.6%, albeit slower than the previous quarter’s 8.4%. Private investment, however, remained muted, growing by …

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OPINION: Oil market dynamics: Could it become less of a source of fiscal worry?

Posted Date: May 17, 2019 The government’s Medium-Term Fiscal Framework 2019-2021 (MTFF) provides fiscal guidance and outlines, along with key policy initiatives. Targeting an average budgetary shortfall of 3.1% of GDP over 2019-2021, it assumes a crude oil price range of USD60-USD70 per barrel. That seems a safe assumption for 2019, given supply concerns arising …

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SNAPSHOT: Fixed Income: Foreign holdings of local bonds in April 2019

Posted Date: May 13, 2019 Foreign funds reduced their holdings by RM9.8 billion in the local bond market in April (March 2019: +RM2.9 billion), bringing total foreign holdings to RM180.1 billion (March 2019: RM190.0 billion). This was the lowest level of foreign holdings in local bonds since March 2017. By end-April, the foreign share of …

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