Author name: WebMaster

Posted Date: August 14, 2020 The sharp downturn in real GDP in 2Q2020 (-17.1% y-o-y) has been expected, given that many economies were in lockdown and Malaysia having experienced its own Movement Control Order (MCO) between March and May. The severity of the GDP contraction even surpassed the decline in real output that Malaysia experienced […]

Posted Date: August 12, 2020 Malaysian Rating Corporation Berhad (MARC) today announced that Moody’s Corporation has acquired a minority stake in the company. Moody’s investment strengthens MARC’s position as a leader in the sukuk market as well as Moody’s position as a mainstay of global credit ratings and analytical tools. MARC has been a major

Posted Date: July 22, 2020 In June, foreign bond holdings expanded by RM11.6 billion (May: RM1.5 billion) to RM198.9 billion on the back of the highest recorded net foreign inflows since May 2014 (RM13.5 billion). Consequently, the total foreign share of outstanding local bonds as of end-June stood higher at 12.8% (May: 12.2%). Most of

Posted Date: July 17, 2020 Malaysian Rating Corporation Berhad (MARC) was named as Project Finance Rating Agency of the Year (Malaysia) for 2020. This is the third time that MARC has earned this industry distinction, having previously won this accolade in 2016 and 2015. Awarded by Hong Kong-based The Asset, The Asset Triple A Infrastructure

Posted Date: July 17, 2020 Yields on Malaysian Government Securities (MGS) ended 1H2020 significantly lower compared to 2019 in a bull-steepening move. MGS yields had initially peaked in March 2020 as global risk sentiment worsened due to the COVID-19 pandemic. The upward pressure on yields began to ease in 2Q2020 amid Bank Negara Malaysia’s (BNM)

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