Page 10 - Services Bhd News Today

KUALA LUMPUR, Aug 28 — RAM Rating Services Bhd (RAM Ratings) has maintained its 2021 forecast for Malaysia’s gross domestic product (GDP) at 3.8 per cent. In its latest Economic Update 2021 report, the credit rating agency, however, said the ramped-up vaccination rate in the country is expected...

Second-largest GDP component to withstand challenges

PETALING JAYA: In spite of trade activities coming under pressure amid tighter restrictions due to the high number of Covid-19 cases, the country’s trade surplus for the year is expected to be sturdy. Although some sectors may see cancellation of future export orders and disruption in supply chains due to the tighter restrictions from the lockdown, on the whole, economists are confident that the nation’s trade surplus would remain sizable this year. In a bid to curb the pandemic, the govern...

PETALING JAYA: The Malaysian bond market, which registered the 13th straight month of positive net foreign inflows in May, will likely see lesser foreign inflows in the coming months as inflationary pressure in the US builds up.

Friday, 07 May 2021 08:11 PM MYT A birds-eye view of Kuala Lumpur July 8, 2020. — Picture by Hari Anggara Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 7 — RAM Rating Services Bhd expects Malaysia’s year-on-year (y-o-y) economy to rebound in the second quarter of 2021 (2Q21), particularly from the preceding year’s low-base effects. It said the spike in Covid-19 infections and the re-imposition of movement control order (MCO 3.0) in ...

Thursday, 08 Apr 2021 07:43 PM MYT KUALA LUMPUR, April 8 — GFM Services Bhd’s wholly-owned subsidiary, Global Facilities Management Sdn Bhd’s contract with Iskandar Education Enterprise Sdn Bhd as an integrated facilities management services provider has been extended for another two years, from April 1, 2021 to March 31, 2023. Under the RM6.3 million contract, GFM will continue to manage five areas within the EduCity Iskandar Malaysia’s (Educity) premises, namely the EduCity Compound, ...

Nevertheless, the actual risk of exclusion is low, they add. “It is unlikely that Malaysia will be removed from FTSE Russell’s WGBI given the positive discussions between FTSE Russell and the regulatory authorities, along with the ongoing effort by Bank Negara Malaysia to provide better market access for foreign investors,” senior economist Wong Khai Jhek of RAM Rating Services Bhd tells The Edge. “That said, should FTSE Russell decide that more time is needed to assess the efficacies o...

Monday, 05 Apr 2021 02:20 PM MYT The rating agency said about 83 per cent of the firms polled cited weak economic conditions as their main concern, with around half of the firms expecting their revenue and profit to keep declining in the next quarter. — Picture by Ahmad Zamzahuri Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 5 — The RAM Business Confidence Index (RAM BCI) survey for the first quarter (Q1) 2021 revealed that businesses...

KUALA LUMPUR, April 1 — Malaysia continues to dominate global sukuk markets in 2020 with a market share of 39.2 per cent despite the impact of the pandemic on the global economy and economic sentiment. RAM Rating Services Bhd (RAM Ratings) revealed that global sukuk issuance rose 16.8 per cent to...

After banks’ earnings slumped in 2020 dragged by pre-emptive provision and thinner net interest margins, the sector should see improvement this year although uncertainty remains, observes RAM Rating Services Bhd’s co-head of financial institutions ratings Wong Yin Ching. “Their earnings should improve in 2021, with an upward bias in net interest margins (NIMs) trajectory. However, their profit performance will likely remain clouded by the uncertain operating landscape,” Wong noted in a s...