Latest MARC News

Slower economic growth and lower bond issuance but recession not on the cards

Posted Date : 05 Nov 2008 MARC anticipates the ongoing weakness of the US economy to trigger a global recession in 2009 that will have an adverse impact on Malaysia’s economic performance next year. The impact will likely to filter through as sharp moderation in the external sector as lower demand hits Malaysia’s export sector. …

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MARC forecasts Malaysia’s 2009 GDP growth at 3.5% : Resilient amid global financial dislocation

Posted Date : 20 Oct 2008 MARC views that the ongoing global turbulence roiling the financial markets will likely trigger a global recession in 2009 and accordingly forecasts Malaysia’s GDP growth for next year at 3.5%. The world’s largest economy and Malaysia’s single largest trading partner, the United States (US) is likely to experience its …

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MARC issues special comment on South Korean banking system : Resilience predicated on pro-active regulatory intervention

Posted Date : 17 Oct 2008 MARC is issuing this special comment on the South Korean banking system following the heavy media coverage on the possible heightened vulnerability of its banks to the global credit crisis stemming from their funding structure. The rising USD funding costs and the shortage in USD funding supply pose immediate …

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Windfall Profit Levy (Electricity) Order 2008 : Welcomed closure

Posted Date : 12 Sep 2008 This comment follows the Malaysian government’s announcement on the scrapping of the windfall profit levy imposed on independent power producers (IPPs) with immediate effect. Instead, the IPPs will make a one-off payment to the government equivalent to a year’s windfall levy payment. This move vindicates our belief that sound …

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MARC Investor Guide

Posted Date : 29 Jul 2008 MARC is pleased to announce its Inaugural issue of MARC Investor Guide (MIG). MIG is a quarterly publication and it compiles valuable hands-on information such as in-house economic and fixed income research articles, rating activities and studies as well as the lead managers list as hands-on information to the …

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MARC lowers its 2008 GDP growth forecast to 5.2%; Revises its estimate of new bond issuances down to RM40 – 45 billion

Posted Date : 17 Jul 2008 MARC foresees a moderation in Malaysia’s GDP growth in the 2H2008 as the domestic economy adjusts to the decelerating global economic activity and the recent larger-than-expected fuel hike. Growth trajectory in the 2H2008 will largely hinge on the speed and magnitude of this adjustment. Inflation is expected to be …

MARC lowers its 2008 GDP growth forecast to 5.2%; Revises its estimate of new bond issuances down to RM40 – 45 billion Read More »

Windfall Profit Levy (Electricity) Order 2008 : Thoroughly thought through?

Posted Date : 09 Jul 2008 MARC expects the outcome of the Windfall Profit Levy (Electricity) Order 2008 would be, reduced project returns and lowered debt servicing ability on the part of affected independent power producers (IPPs), if implemented. The impact will be uneven across different classes of IPP project debts. Holders of subordinated debt …

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