June 2020

MARC’s 24th Annual General Meeting: Driving a Sustainable Capital Market in Challenging Times

Posted Date: June 25, 2020 Malaysian Rating Corporation Berhad (MARC) held its 24th Annual General Meeting (AGM), themed “Driving a Sustainable Capital Market in Challenging Times”, via virtual streaming on June 24, 2020. “MARC’s consolidated revenue for 2019 improved by 11.6% to RM16.6 million as rated corporate issuances showed healthy increases in both value and …

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Foreigners net buyers of local bonds for first time in four months

Posted Date: June 17, 2020 Yields on Malaysian Government Securities (MGS) remained supported in May as Bank Negara Malaysia (BNM) cut its Overnight Policy Rate for the third consecutive time. With growth prospects worsening and deflation risks rising in the face of the COVID-19 pandemic, there are high expectations of further monetary easing. Support also …

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The National Economic Recovery Plan (PENJANA) – Implications on fiscal and debt positions

Posted Date: June 08, 2020 The government unveiled the National Economic Recovery Plan (PENJANA) on June 5, 2020, outlining measures to rehabilitate the domestic economy that has been severely affected by the COVID-19 pandemic. As these are short-term measures, they are aimed at supporting the economy for the rest of the year by helping to …

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Economy to rebound in 2021; growth will remain below potential

Posted Date: June 2, 2020   Malaysia’s GDP growth, which tumbled to 0.7% y-o-y in 1Q2020 is expected to decelerate further in 2Q2020 as the full impact of the Movement Control Order (MCO) is reflected in weaker private consumption on top of the lacklustre pace of investments. While the 1Q2020 growth statistics generally came in …

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