Bond issuance in Malaysia has slowed considerably in recent months. The growth rate in government bonds outstanding went from the high double digits before early 2013 to single digits and negative after. The total had grown more than 10% year-on-year between February 2010 and February 2013, hitting a high of 31.1% in February 2012. Growth went...
Pressure is mounting on Malaysia’s central bank to tighten loan restrictions after its annual report showed household debt levels inching towards 87% of GDP at the end of 2013. With the highest household debt levels in Asia, demand for credit is driven primarily by the purchase of property and vehicles.
The Malaysian banking system is characterised by strength: its eight main institutions are well capitalised, stress tested and solid, while the country has some of the most satisfied banking customers in the world. After a number of years of consolidation and in an environment of tight regulation, Malaysia’s commercial banks have continued to...
Bank Negara Malaysia is instituting a new retail loan pricing system in 2015. The central bank will create a reference rate framework to replace the base lending rate (BLR), a benchmark that has become less relevant as banks offered discounted loans, especially mortgages, priced below the BLR. It is hoped that the reference rate reform will...
THE COMPANY: Turquoise Hill (TRQ: TSX, NYSE & NASDAQ) remains the most important stock for investors watching Mongolia. TRQ is an international mining company focused on copper, gold and coal mines in the Asia Pacific region with principal assets located in Mongolia. Its assets include a 66%...
The Mongolian Index-Based Livestock Insurance (IBLI) programme could greatly help the country. Given the harsh climate and the frequent cold winters – and given the fact that herders, which make up a significant part of the population in Mongolia, tend to live with little financial cushion – it is vital that a financial product exist that can...
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