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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OPINION: COVID-19: Impact and implications for Malaysia

Posted Date: May 29, 2020 Another unprecedented global crisis is here. This time around, the trigger is the coronavirus disease (COVID-19). The chilling effect of both the disease and the measures to suppress its spread has been unparalleled. Going forward, long-term policy implications could decide the economic fate of nations. In Malaysia, 1Q2020 GDP growth …

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Yields fall significantly in April amid support of further cut in rates

Posted Date: May 18, 2020 Yields on Malaysian Government Securities (MGS) ended April significantly lower mainly due to the heightened expectation of an overnight policy rate (OPR) cut by Bank Negara Malaysia (BNM) at its scheduled Monetary Policy Committee (MPC) meeting on May 5, 2020. Demand for MGS was also supported by signs of falling …

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MARC publishes 2019 Lead Managers’ League Tables

Posted Date: May 15, 2020 MARC (Malaysian Rating Corporation Berhad) has published its 2019 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. Kenanga Investment Bank Berhad topped the issued value league table of MARC-rated debt and sukuk programmes/issuances, with Maybank …

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MGS yields jump on global risk-off sentiment as COVID-19 fears deepen

Posted Date: April 14, 2020 Yields on Malaysian Government Securities (MGS) rose sharply from early to mid-March as the erosion in risk sentiment due to the COVID-19 pandemic dominated trade. As the outbreak shows little sign of slowing, governments around the world including Malaysia began to restrict the movement of its citizens, hampering economic activities. …

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

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 …

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