Published on 27 Oct 2021.
RAM successfully concluded its Credit Summit 2021 held between October 20 to 22. The Summit, held virtually for the second year running, saw 200 participants daily throughout the three days.
Themed “Looking into 2022 and Beyond”, a total of 17 presenters and panellists - from economists to captains of various industries – came together to discuss pertinent issues and prospects for the coming year, as well as field questions from the audience.
Day One’s premise “Moving to a New Normal – What to Expect” focused on the economic recovery and outlook for Malaysia and ASEAN, as well as the banking sector. Day Two’s “Corporates – A Reset for Business Sustainability” covered various sectors that RAM rate, such as commercial property, leisure and gaming, aviation and automotive. “Infrastructure – Opportunities and Challenges Ahead” was Day Three’s subject matter, where power, telecommunications and transport infrastructure were under the spotlight.
In her opening address, RAM Ratings’ deputy CEO Julie Ng described 2021 as akin to “baking a soufflé that just refuses to rise, even after you’ve followed the recipe to a tee”.
“To me, soufflés are delicate and hard to master. Just like that, economies worldwide have suffered several rounds of relapse over the last two years. It has taken a lot of hard work, time and money during this period to come to where we are today, some countries doing it better than others.”
She added that the pandemic has taught life lessons for a better future, even as it has “transformed the way we live, work and play”.
“Its impact is far greater than narrow measures such as gross domestic product and industrial production index. Sustainability, technology and building an inclusive society are all required for a successful reset.”
The RAM Credit Summit is an annual flagship event for investors, clients and associates of RAM.
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Established in 1990, RAM Ratings is a leading credit rating agency registered under the Securities Commission’s Guidelines on Registration of Credit Rating Agencies, 2011. In addition to the provision of credit ratings for corporate bonds and sukuk and their issuers, RAM Ratings also provides research and publications on Islamic finance, fixed income and macro-economic and industry analysis as well as data analytics relating to credit risk, counterparty assessments and other related domains.
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