Author name: WebMaster

MARC issues sector report on solar power industry

Posted Date: December 17, 2021 MARC has published a sector report on the domestic solar power industry, highlighting key developments and trends. The report also contains the rating agency’s views on the key drivers for growth and its outlook for the industry. The full report can be accessed here. Contacts: Lee Chi Han, +603-2717 2939/ chihan@marc.com.my; …

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Foreign flow plunged to negative region after three consecutive months of inflow euphoria

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 …

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Exposure drafts on methodologies on Commercial Real Estate-Backed Securitisation and Highway Investment Trust

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 …

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Bond yields surged as global central banks seen unwinding stimulus at a quicker pace

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 …

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MARC360: Sustainable Infra 2021 Virtual Conference Day 2 – ESG integration and future directions for the infrastructure sector

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 …

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MARC360: Sustainable Infra 2021 Virtual Conference commences — Capital market update and challenges post-COVID-19

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 …

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3Q2021 GDP: W-shaped recovery, green shoots delayed

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 …

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Budget 2022: Recovery in motion, future growth rates in question

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, …

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