2020

Posted Date: December 18, 2020 Malaysian bonds tanked in November, sending yields significantly higher compared to October on return of risk sentiment. Domestic investors cut down on their Malaysian Government Securities (MGS) holdings as the prospect of a quicker economic recovery had heightened, diminishing expectations of future rate cuts. Risk-on sentiment was mainly spurred by …

Yields surge as COVID-19 vaccine Euphoria takes hold Read More »

Posted Date: November 25, 2020 This article, which was written by MARC’s Senior Economist Firdaos Rosli, was published in Harian Metro & My Metro on Wednesday, November 25, 2020. Tidak dinafikan kesan penutupan dan sekatan ekonomi disebabkan penularan wabak Covid-19 dirasai secara tidak seimbang oleh semua lapisan masyarakat, lebih-lebih lagi mereka yang berada di bahagian …

(Harian Metro) Belanjawan 2021: Moratorium & kesannya Read More »

Posted Date: November 23, 2020 October was vibrant for Malaysian bonds amid robust gross issuance activities, slumping yields, and heightened foreign demand. The increased appetite was mainly driven by calls for further fiscal and monetary support amid the resurgence of COVID-19 cases. This was also supported by the expectation of a gradual economic recovery. We …

Stimulus calls drive foreign inflows Read More »

Posted Date: November 09, 2020 Budget 2021 signifies the country’s first short-term fiscal priorities during a historical pandemic. It sets the tone for the federal government’s budgets in the coming years as we await the unveiling of the 12th Malaysia Plan (12MP) in early 2021. The government faces a difficult trade-off in stimulating demand at …

Budget 2021: Hard Choices, Difficult Trade-offs Read More »

Posted Date: November 05, 2020 Given the importance of preserving lives and livelihoods, as well as stabilising the economy, Budget 2021 will be expansionary. We think the government’s unprecedented fiscal response in 2020 is justified; if not for the swiftness and scale of the response, the outcome from the intertwined public health and economic crisis …

Budget 2021: Setting the Stage for Recovery Read More »

Posted Date: October 20, 2020 In September, yields on Malaysian Government Securities (MGS) corrected higher after experiencing record-lows in August. On September 10, MGS yields at the short end of the curve increased the most as Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 1.75% has reduced speculation of further …

Yields on Malaysian Government Securities corrected higher Read More »

Posted Date: September 22, 2020   In August, the local bond market saw net positive foreign inflows, albeit at a slower pace, for the fourth consecutive month. Foreign bond holdings rose by RM3.1 billion (July: RM8.3 billion) to RM209.0 billion, which is equivalent to 13.3% (Jul: 13.1%) of total outstanding bonds. Local bonds remained attractive …

Local bonds continue to attract foreign demand Read More »

Posted Date: September 22, 2020 Malaysian Rating Corporation Berhad (MARC) received the Best Islamic Rating Agency Award at the 10th Global Islamic Finance Awards (GIFA) on September 14, 2020. This annual global awards honours the institutions and individuals that have made significant contribution to the development of Islamic banking and finance. The 10th GIFA was …

MARC wins GIFA Best Islamic Rating Agency Award for the sixth time Read More »

Posted Date : September 17, 2020 Following market consultation, MARC has finalised and released its updated methodology for rating Malaysian state governments. The methodology sets out MARC’s approach to assigning state credit ratings and provides insights into the factors taken into consideration. The methodology substantially updates the rating analytical framework with the introduction of an …

MARC finalises updated methodology: Rating Malaysian State Governments Read More »