2021

MARC360: Sustainable Infra 2021 Virtual Conference commences — Capital market update and challenges post-COVID-19

Posted Date: November 25, 2021 The MARC360: Sustainable Infra 2021 Virtual Conference kicked off this morning and was officiated by Senior Minister of Works, Yang Berhormat Dato’ Sri Haji Fadillah Bin Haji Yusof. This virtual conference, which focuses on sustainable infrastructure issues and trends, is held over two half-days on November 25-26, 2021. MARC’s Group …

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3Q2021 GDP: W-shaped recovery, green shoots delayed

Posted Date: November 18, 2021 Malaysia’s economy had its worst performance in 3Q2021 since the first Movement Control Order (MCO) in 2Q2020 with a sharp decline of 4.5% year-on-year (y-o-y) after the double-digit growth of 16.1% in 2Q2021. The contraction highlights the economic cost of a strict and prolonged lockdown, which was announced in mid-May …

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Budget 2022: Recovery in motion, future growth rates in question

Posted Date: November 10, 2021 As anticipated, the Budget 2022 presented to Parliament on October 31, 2021 remains strongly expansionary with a record allocation of RM332.1 billion (Budget 2021: RM322.5 billion). Operating expenditure (OPEX) and development expenditure (DEPEX) comes in higher at RM233.5 billion and RM75.6 billion (2021 estimates: RM219.6 billion and RM62.0 billion). Meanwhile, …

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MARC to host MARC360: Sustainable Infra 2021 Virtual Conference

Posted Date: November 3, 2021 MARC will be hosting the second instalment of the MARC360 conference series, MARC360: SUSTAINABLE INFRA 2021 VIRTUAL CONFERENCE over two half-days on November 25-26, 2021. For this iteration, the virtual conference will focus on sustainable infrastructure as well as the ongoing issues and trends in the sector. The infrastructure sector …

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Sea of red across global bond markets amid hawkish risks and inflation fears

Posted Date: November 01, 2021 In September, the US Federal Reserve (Fed) set the stage for swifter rate hikes and commencement of its tapering plan. In its latest Federal Open Market Committee statement, the Fed upgraded its median Federal Funds Rate (FFR) projections for 2022 and 2023 to 0.3% and 1.0% (June: 0.1% and 0.6%). …

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Budget 2022: Gradual reopening with concerns over supply-demand mismatch

Posted Date: October 27, 2021 On August 31, 2021, the government unveiled its maiden Pre-Budget Statement (PBS) aimed at offering greater fiscal formulation transparency. In the document, the Ministry of Finance (MOF) noted that Budget 2022 would comprise the following themes: i) protecting lives and driving the recovery of livelihoods; ii) rebuilding economic resilience; and …

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The 12th Malaysia Plan

Posted Date: October 12, 2021 After a year of delay, the 12th Malaysia Plan (12MP) was finally unveiled by the Prime Minister on September 27, 2021. The 532-page official document starts by taking stock of the Vision 2020 and 11MP achievements but falls short of weighing the rationale and costs of unmet targets. The lack …

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MARC named Best Islamic Rating Agency at Global Islamic Finance Awards 2021

Posted Date: October 5, 2021 MARC has recently been awarded the Best Islamic Rating Agency of the Year 2021 at the 11th Global Islamic Finance Awards (GIFA). This is the sixth time in a row since 2016 that MARC has won this accolade, the most prestigious award for Islamic rating services. This repeated achievement shows …

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Foreign investors return to Malaysia’s bond market in August

Posted Date: October 4, 2021 Foreign investors resumed their net buying activities in August after being net sellers in the previous two months. Foreign inflows into the local bond market in August amounted to RM6.6 billion, offsetting the outflows that occurred in June and July which amounted to RM4.1 billion. Foreign holdings amounted to RM250.4 …

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