Author name: WebMaster

Posted Date: July 30, 2021 In June, foreign flows into the local bond market turned negative for the first time in 14 months. Foreign holdings of local bonds fell by RM0.5 billion to RM247.4 billion (May: RM247.9 billion), equivalent to 14.6% (May: 14.7%) of total outstanding local bonds. The outflows were mainly driven by the …

Local bond market records first monthly net foreign outflow in 14 months in June Read More »

Posted Date: July 29, 2021 MARC has published a policy paper titled “Lockdown without being locked in”, which consists of four parts: one, the alternative meaning of the Movement Control Order (MCO) 1.0; two, the projected economic costs due to MCO 3.0; three, two broad principles, namely reciprocal transaction and channel-variable, to improve the existing …

Lockdown without being locked in Read More »

Posted Date: July 16, 2021 In 1H2021, fiscal support to mitigate the impact of stricter lockdown measures caused the gross issuance of Malaysian Government Securities (MGS)/Government Investment Issues (GII) to rise by 3.5% y-o-y to RM80.5 billion. Consequently, the MGS yield have steepened with yields along the 7y20y curve surged by between 62bps to 79bps …

Up the steepening slope Read More »

Posted Date: July 14, 2021 We believe that the V-shaped narrative highlighted in our 2021 Outlook report remains intact but will be more highly uneven than anticipated. The pandemic will pull down the per capita incomes of developing and least developed countries away from that of developed countries, resulting in a sizeable income gap between …

Macroeconomic Outlook Update: “V” for Variation Read More »

Posted Date: July 2, 2021 Malaysian Rating Corporation Berhad (MARC) was named as Project Finance Rating Agency of the Year (Malaysia) for 2021. This is the fourth time that MARC has been honoured and humbled by the award, having previously been bestowed with this industry recognition in 2020, 2016 and 2015. The Asset Triple A …

MARC wins Project Finance Rating Agency of the Year for 2021 Read More »

Posted Date: June 23, 2021 Malaysian Government Securities (MGS) started the month on a positive momentum with yields declining across the board during the first week. Demand was supported by risk-off sentiment emanating from local investors on the back of rising COVID-19 cases and introduction of the MCO 3.0. Yield on the 10y MGS fell …

Nationwide lockdown steepens MGS yield curve Read More »

Posted Date: May 28, 2021 To our clients and other stakeholders, In response to the movement control order, and in support of the government’s efforts to curtail the alarming spread of COVID-19 and to ensure the safety of our staff, MARC will operate remotely from Monday, May 31, 2021. Prior to this latest development, we …

MARC going remote on Monday, May 31, 2021 Read More »

Posted Date: May 27, 2021 The local bond market sustained positive net foreign inflows for the 12th straight month in April. Total foreign holdings in April expanded by RM6.4 billion (Mar: +RM5.9 billion) to RM246.1 billion, equivalent to 14.8% (Mar: 14.5%) of total outstanding local bonds. Malaysian Government Securities (MGS) received most of the inflows …

Foreign investors continue to flock to local bonds amid continuing optimism from FTSE Russell’s decision to maintain Malaysia in the WGBI Read More »

Posted Date: May 27, 2021 Malaysian Rating Corporation Berhad (MARC) held its 25th Annual General Meeting (AGM), themed “Sustainable Transformation for a Resilient Future”, via virtual streaming on May 24, 2021. “MARC’s consolidated revenue for 2020 improved by 14% to RM18.99 million as rated corporate issuances showed healthy increases in both value and volume during …

MARC’s 25th Annual General Meeting: Sustainable Transformation for a Resilient Future Read More »

Posted Date: May, 21, 2021 The third and final day of the MARC MALAYSIAN BOND & SUKUK CONFERENCE 2021 began with a discussion on environmental, social and corporate governance (ESG). The conversation was centred around the development of ESG policies, with all panellists agreeing that factoring ESG into investment decisions is unavoidable. The panellists featured …

MARC MALAYSIAN BOND & SUKUK CONFERENCE 2021 DAY 3: ESG investing and increased digitalisation catalysts for the Malaysian capital market Read More »