Author name: WebMaster

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%).

Posted Date: October 27, 2021 On August 31, 2021, the government unveiled its maiden Pre-Budget Statement (PBS) aimed at offering greater fiscal formulation transparency. In the document, the Ministry of Finance (MOF) noted that Budget 2022 would comprise the following themes: i) protecting lives and driving the recovery of livelihoods; ii) rebuilding economic resilience; and

Posted Date: October 12, 2021 After a year of delay, the 12th Malaysia Plan (12MP) was finally unveiled by the Prime Minister on September 27, 2021. The 532-page official document starts by taking stock of the Vision 2020 and 11MP achievements but falls short of weighing the rationale and costs of unmet targets. The lack

Posted Date: October 5, 2021 MARC has recently been awarded the Best Islamic Rating Agency of the Year 2021 at the 11th Global Islamic Finance Awards (GIFA). This is the sixth time in a row since 2016 that MARC has won this accolade, the most prestigious award for Islamic rating services. This repeated achievement shows

Posted Date: October 4, 2021 Foreign investors resumed their net buying activities in August after being net sellers in the previous two months. Foreign inflows into the local bond market in August amounted to RM6.6 billion, offsetting the outflows that occurred in June and July which amounted to RM4.1 billion. Foreign holdings amounted to RM250.4

Posted Date: September 13, 2021 In a Monetary Policy Statement (MPS) released on September 9, 2021, Bank Negara Malaysia (BNM) decided to hold the overnight policy rate (OPR) unchanged at 1.75%. This is in line with our expectations. The MPS signalled no imminent changes in the OPR, which has been at a record low since

Posted Date: September 1, 2021 In July, as the global pandemic crisis deepens, global government bonds including Malaysian Government Securities (MGS) have rallied. MGS performance mimicked the US Treasury market as investors flocked towards safe-haven assets. The rally was spurred by the rapid spread of the COVID-19 Delta variant, amplifying expectations the US economic growth