Author name: WebMaster

Posted Date: July 8, 2020 The great economic fallout arising from the COVID-19 pandemic will lead to the deepest global output contraction since the Great Depression in the 1930s. Not surprisingly, the World Bank and the International Monetary Fund (IMF) project a contraction in real gross domestic product (GDP) by 5.2% and 4.9% for 2020. […]

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

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

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

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

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

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

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

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.

Posted Date: April 04, 2020 In its Annual Report unveiled on 3 April 2020, Bank Negara Malaysia (BNM) painted a subdued outlook for the Malaysian economy in 2020. It projects economic growth to be in the range of 0.5% and -2.0% due to the impact of the coronavirus disease (COVID-19) pandemic on both the global