Author name: WebMaster

Posted Date: December 15, 2021 After three consecutive months of positive net foreign flow, the local bond market foreign flow migrated to negative territory in November. The local bond market suffered from sell-offs as the net foreign outflows plummeted to RM3.5 billion (October: +RM2.9 billion) as investors reacted to the hawkish stance and the prospect […]

Posted Date: December 7, 2021 MARC has published for comment exposure drafts which outline the rating agency’s analytical frameworks on Commercial Real Estate (CRE)-Backed Securitisation and Highway Investment Trust. The main highlights of the methodologies are as follows: CRE-Backed Securitisation Assessment of key factors the rating agency uses to determine loan-to-value ratios Deriving value of

Posted Date: December 2, 2021 Hawkish expectations were rife in October as global central banks are set to normalise their monetary policies soon. The US Federal Reserve had announced that it will begin tapering its asset purchases by USD15.0 billion from its USD120.0 billion monthly bond-buying programme. In the EU, the European Central Bank had

Posted Date: November 26, 2021 The MARC360: Sustainable Infra 2021 Virtual Conference resumed for Day 2 today and commenced with a discussion on the considerations and integration of environmental, social and governance (ESG) practices in global and Malaysian infrastructure. Among the observations made during the panel discussion was the significant growth in the issuance of

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

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

Posted Date: November 11, 2021 In the final Monetary Policy Statement (MPS) for the year 2021, Bank Negara Malaysia (BNM) decided to hold the overnight policy rate (OPR) steady at 1.75%, the same record low level since May 2020. The latest policy rate decision is in parallel with our expectations. The central bank continues its

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,

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

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%).