Author name: WebMaster

OPINION: Malaysia’s Q1 2019 GDP Commendable; MARC Maintains 2019 GDP Growth Forecast at 4.6%

Posted Date: May 17, 2019 A Quick Note Despite unfavourable global developments, Malaysia’s headline GDP growth pace in the first quarter of 2019 came in at a respectable 4.5% year-on-year. Private consumption, as expected, provided crucial support. It expanded by 7.6%, albeit slower than the previous quarter’s 8.4%. Private investment, however, remained muted, growing by …

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OPINION: Oil market dynamics: Could it become less of a source of fiscal worry?

Posted Date: May 17, 2019 The government’s Medium-Term Fiscal Framework 2019-2021 (MTFF) provides fiscal guidance and outlines, along with key policy initiatives. Targeting an average budgetary shortfall of 3.1% of GDP over 2019-2021, it assumes a crude oil price range of USD60-USD70 per barrel. That seems a safe assumption for 2019, given supply concerns arising …

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SNAPSHOT: Fixed Income: Foreign holdings of local bonds in April 2019

Posted Date: May 13, 2019 Foreign funds reduced their holdings by RM9.8 billion in the local bond market in April (March 2019: +RM2.9 billion), bringing total foreign holdings to RM180.1 billion (March 2019: RM190.0 billion). This was the lowest level of foreign holdings in local bonds since March 2017. By end-April, the foreign share of …

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MARC publishes 2018 Annual Corporate Default and Rating Transitions Study; expects predominantly stable ratings trajectories in 2019

Published date: March 27, 2019  MARC today published its 2018 Annual Corporate Default and Rating Transitions Study. The report tracks the history of corporate ratings assigned by the rating agency from its inception in 1996 through to December 31, 2018. The results of this latest study show improving rating accuracy and stability.   Given that most …

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The Asset names MARC as Malaysia’s Rating Agency of the Year 2018

Posted Date: February 21, 2019 Malaysian Rating Corporation Berhad (MARC) was named Malaysia’s Rating Agency of the Year by The Asset at the Hong Kong-based publication’s Triple A Rating Agency of the Year Awards 2018 ceremony held on February 20, 2019 in Hong Kong. Dedicating the award to his team, MARC’s Chief Rating Officer, Rajaseharan …

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Fixed Income: Independent review to maintain integrity of impact bonds

Posted Date: January 18, 2019  We hope that we will be able to offer some assistance in terms of trying to facilitate the growth of this market, the responsible investing market. – Milly Leong Malaysian Rating Corporation Berhad (MARC) There has been gradual growth of impact bonds globally over the past few years. Billions of …

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2018 Global Islamic Finance Awards: Four-time honoree MARC upbeat over the prospects of Islamic finance

Posted Date: October 02, 2018 Malaysian Rating Corporation Berhad (MARC) was announced as the Best Islamic Rating Agency at the eighth Global Islamic Finance Awards (GIFA) on September 29, 2018. Award winners from around the world were recognised for their contributions to the development of Islamic banking and finance at the award ceremony which took …

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The Second Kuala Lumpur International Sukuk Conference: The Future of Sukuk – Embracing the Fourth Industrial Revolution

Posted Date: September 21, 2018 The potential and future of sukuk amid the changing capital markets landscape was the focus of the conference that was jointly organised by Amanie Group and Malaysian Rating Corporation Berhad (MARC) held at the Securities Commission from September 20 – 21, 2018. The one-and-a-half-day conference saw local and foreign Shariah, …

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MARC presents awards to 2017 League Table Winners at Appreciation Evening

Posted Date: August 30, 2018 Malaysian Rating Corporation Berhad (MARC) yesterday honoured Malaysia’s top capital market players comprising investment banks, other financial institutions and bond/sukuk issuers at its 2017 Lead Managers League Table Awards held at Hilton Kuala Lumpur. The guest of honour, Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of the Securities Commission …

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MARC finalises new methodology for assessing impact bonds

Posted Date: July 13, 2018 MARC has published its new methodology for assessing green bonds, social bonds or sustainability bonds including sukuk issued under Malaysia’s Sustainable and Responsible Investment (SRI) Sukuk Framework (collectively referred to hereafter as impact bonds). MARC had earlier published for feedback from market participants an exposure draft which outlines the rating …

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