March 2020

Posted Date: March 30, 2020 The PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN) totalled RM250 billion (17% of GDP), of which RM25 billion (10% of PRIHATIN) will come from a direct fiscal injection. A big chunk is in the form of loan moratoriums (RM100 billion or 40% of PRIHATIN), while the other large component is withdrawals …

PRIHATIN Rakyat Economic Stimulus Package: Wider Scope, Broader Target Groups Read More »

Posted Date: March 29, 2020 To our clients and stakeholders, In compliance with the extension of the MCO (Movement Control Order) by the Government until 14 April 2020, MARC will continue to work remotely until the MCO is lifted. During this period, MARC continues to hosts meetings virtually to ensure business-as-usual with our clients and …

MARC extends working remotely until 14 April 2020 Read More »

Posted Date: March 20, 2020 MARC today published its 15th Annual Corporate Default and Rating Transitions Study which tracks the history of corporate ratings assigned by the rating agency since its inception in 1996 through to December 31, 2019. The database used for this study was constructed using long-term standalone ratings of those issuers. Malaysia’s …

MARC publishes 2019 Annual Corporate Default and Rating Transitions Study Read More »

Posted Date: March 17, 2020 To our clients and other stakeholders, In response to the restriction of movement order issued by the government and in support of the government’s efforts to curtail the spread of COVID-19, MARC will close its office from March 18 through March 31, 2020. Prior to this latest development, we had …

MARC going remote on Wednesday, 18 March 2020 Read More »

Posted Date: March 17, 2020 Yields on Malaysian Government Securities (MGS) across the curve continued to tighten in February as economic sentiment moderated following the release of the 4Q2019 GDP numbers and the government’s downgrade Malaysia’s GDP growth pace to between 3.2% to 4.2%. These events gave support for the current low yield levels and …

Yields down on increasing calls for further easing as COVID-19 pandemic weakens economic prospects Read More »

Posted Date: March 13, 2020 On March 9, oil markets tumbled after the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC allies failed on the previous Friday to agree on the quantum of oil production cuts amid the COVID-19 outbreak, as well as on the rolling over of existing oil supply cuts. The international …

Oil price war, COVID-19 complicate 2020 economic prospects Read More »

Posted Date: March 06, 2020 MARC (Malaysian Rating Corporation Berhad) has again redefined the domestic rating landscape by winning the Rating Agency of the Year (Malaysia) award for the second year running. Awarded by Hong Kong-based The Asset, The Asset Triple A Sustainable Capital Markets Regional Awards 2019 is the industry’s most prestigious recognition in …

MARC wins Rating Agency of the Year Read More »

Posted Date: March 04, 2020 The Bank Negara Malaysia (BNM) announced another overnight policy rate (OPR) cut of 25 basis points (bps) to 2.50% during its Monetary Policy Committee (MPC) meeting on March 3. Citing concerns over the impact of the coronavirus (COVID-19) outbreak on both the global and domestic economies, it said that there …

BNM cuts the OPR; The Fed also slashed rates in an emergency move Read More »