Views

Monthly Review: Robust exports anchor Malaysia’s growth as global rates climb

Malaysia’s exports sustained their exceptional momentum in August, rising 45.5% y-o-y to RM191.0 billion (July: 38.0%). Electrical and electronics exports remained the main engine of growth, surging 66.5% to RM92.5 billion, while exports to the US reached a record RM37.5 billion. Although wholesale and retail trade volume growth moderated to 4.1% in July, mainly reflecting […]

Monthly Review: Robust exports anchor Malaysia’s growth as global rates climb Read More »

Monthly Review: Malaysia remains resilient as regional risks rise

Malaysia’s economy outperformed expectations in 2Q2026, with actual gross domestic product (GDP) growth revised up to 6.0% (advance estimate: 5.8%; 1Q2026: 4.4%), supported by broad-based growth across the services, manufacturing, construction and mining sectors. Data-centre investment and the global technology upcycle continued to support activity, while resilient labour conditions and contained inflation reinforced the domestic

Monthly Review: Malaysia remains resilient as regional risks rise Read More »

Monthly Review: Malaysia’s 2Q2026 growth surprises to the upside, lifts outlook

Malaysia’s economy exceeded expectations in 2Q2026, with the advance estimate showing gross domestic product (GDP) growth accelerating to 5.8% (1Q2026: 5.4%), supported by resilient domestic demand, stronger manufacturing activity and a sharp rebound in mining output. Reflecting the stronger-than-expected first-half performance, MARC Ratings has revised its 2026 GDP growth forecast upwards to 5.1% (previously: 4.4%),

Monthly Review: Malaysia’s 2Q2026 growth surprises to the upside, lifts outlook Read More »

2H2026 Outlook: Navigating higher global rates

The US continues to outperform most advanced economies, supported by artificial intelligence (AI)-led investment, resilient domestic demand and structural advantages that reinforce US exceptionalism. Meanwhile, China remains on track to achieve its revised growth target despite persistent weakness in domestic demand, supported by resilient exports and policy shifts towards industrial upgrading and advanced manufacturing. Following

2H2026 Outlook: Navigating higher global rates Read More »

Monthly Review: Hawkish global rates pressure financial markets

Malaysia’s export growth strengthened further to 45.3% in May (Apr: 37.3%), marking a second consecutive month of double-digit expansion. Growth continued to be underpinned by the global semiconductor upcycle and strong demand for AI-related technologies, which drove electrical and electronics (E&E) exports higher by 70.5% (Apr: 46.6%). Trade activity also continued to benefit from supply

Monthly Review: Hawkish global rates pressure financial markets Read More »

Monthly Review: Growing inflation pressures drive higher global and domestic yields

Malaysia’s gross domestic product growth remains well supported by both domestic and external demand, providing a strong buffer against near-term uncertainties. Although a marginal slowdown in private sector activity and exports of goods and services moderated 1Q2026 growth to 5.4% (4Q2025: 6.2%), underlying domestic demand remains resilient. Private consumption was supported by festive spending and

Monthly Review: Growing inflation pressures drive higher global and domestic yields Read More »

MARC Ratings publishes 2025 Annual Corporate Default and Ratings Transition Study

MARC Ratings today published its 2025 Annual Corporate Default and Ratings Transition Study, which tracks corporate ratings assigned by the rating agency since its inception in 1996 through 2025. In 2025, MARC Ratings’ corporate portfolio maintained its record of zero defaults, marking the third consecutive year without any defaults. This reflects MARC Ratings’ portfolio strength,

MARC Ratings publishes 2025 Annual Corporate Default and Ratings Transition Study Read More »

Monthly Review: Advance estimates signal strong start, but war-driven risks mount

Malaysia entered 2026 on a firm footing, with advance estimates placing 1Q2026 gross domestic product (GDP) growth at 5.3% (1Q2025: 4.4%; 4Q2025: 6.3%), supported by resilient domestic demand and a sustained manufacturing upcycle. Services expanded by 5.4%, underpinned by consumer spending, while manufacturing accelerated to 5.8% on continued strength in the electrical and electronics (E&E)

Monthly Review: Advance estimates signal strong start, but war-driven risks mount Read More »

Monthly Review: Central banks review policies amid war-driven inflation

The ongoing conflict in the Middle East has led to spillover effects beyond oil price fluctuations, increasing pressure on global supply chains. In March, Brent crude oil prices surged to approximately USD99 per barrel, a significant rise compared to the average of USD69 per barrel recorded in February. Disruptions at the Strait of Hormuz, a

Monthly Review: Central banks review policies amid war-driven inflation Read More »

Israel-US war on Iran: Economic and market implications

The year 2026 has thus far been defined by escalating geopolitical instability. Following US intervention in Venezuela and the capture of its president, a more systemic shock emerged. On 28 February, the US and Israel launched coordinated strikes against Iran, and Tehran retaliated with attacks on US military outposts across the Middle East. Hostilities remain

Israel-US war on Iran: Economic and market implications Read More »