Author name: WebMaster

Posted Date: August 02, 2019 The US Fed finally delivered what the market has been expecting – a rate cut. However, the reduction was less than what was expected. Additionally, Chairman Powell’s emphasis that the cut only serves to “insure against downside risks” but did not signal the start of an easing monetary policy cycle, […]

Posted Date: June 21, 2019 Malaysian Rating Corporation Berhad (MARC) held its 23rd Annual General Meeting (AGM) at TPC Kuala Lumpur on June 19, 2019. MARC generated consolidated revenue of RM14.9 million and consolidated pre-tax profit of RM2.8 million in 2018,” said MARC Chairman Datuk Azizan Haji Abd Rahman in his review of the company’s

Posted Date: June 14, 2019 A substantial 43% of investors surveyed by management consulting firm A.T. Kearney say they are seeking new opportunities in emerging markets. The foreign direct investment (FDI) outlook is thus not all doom and gloom, even in the shadow of last year’s 19% fall in global FDI. According to the Malaysian

Posted Date: May 27, 2019 Malaysian Rating Corporation Berhad (MARC) has published its 2018 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. RHB Investment Bank Berhad topped the issued value league table of MARC-rated debt and sukuk programmes/issuances, with CIMB

Posted Date: May 23, 2019 Malaysia’s trade performance remained resilient in 1Q2019 despite external challenges. According to balance of payments data, the value of total trade (i.e. exports plus imports) rose 0.4% year-on-year. With exports growth (+1.1%) outpacing that of imports (-0.4%), Malaysia’s current account (CA) balance came in at a commendable 4.5% of GDP,

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

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

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

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

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