# MARC positive on Malaysia’s sovereign rating

> Malaysian Rating Corp affirmed Malaysia's sovereign rating and expects domestic demand to support growth. The agency forecast export moderation in 2019 due to weaker global trade, declining commodity prices and a slowing Chinese economy.

- Date: 2018-12-24 · published 2018-12-24T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61802-marc-positive-on-malaysia-s-sovereign-rating
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected weaker global trade and lower commodity prices in 2019 point to softer Malaysian export demand, a mildly bearish signal for palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-06-20 | [Malaysia’s economic direction is now clearer \| Borneo Post Online](https://feedsoft.ai/events/58864-malaysia-s-economic-direction-is-now-clearer-borneo-post-online.md) | -0.9% | -1.8% |
| PALMOIL | 2016-11-21 | [Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum](https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum.md) | +1.4% | +6.6% |
| PALMOIL | 2020-05-27 | [Malaysia macro update – It’s downtime \| articles \| ING THINK](https://feedsoft.ai/events/53394-malaysia-macro-update-it-s-downtime-articles-ing-think.md) | +12.9% | +16.5% |
| PALMOIL | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +1.0% | -9.9% |
| PALMOIL | 2024-12-19 | [Ringgit declines to RM4.50 against greenback over US rate cuts \| Malaysiakini](https://feedsoft.ai/events/27221-ringgit-declines-to-rm4-50-against-greenback-over-us-rate-cuts-malaysiakini.md) | -0.1% | -11.2% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/12/24/marc-positive-on-malaysias-sovereign-rating/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.