The Watch Dogs will be introducing a new rating system for the Bursa Malaysia counters. A good rating agency not only provides investors reliable, unbiased and impartial information and most importantly, it should also be freely accessible to the public.

For credit and debt ratings, we have the MARC and RAM. Both are agencies with shareholders from the banking and financial institutions, so to ensure impartiality, there’s a cap to the percentage of shareholding.

MSWG to rate 500 Bursa companies

??e should be releasing these reports hopefully before the Hari Raya holidays, but we have to see how the studies go,?? Wahab told a media conference after the launching ceremony of the Corporate Governance Screencard and Dividend Survey and unveiling of MSWG’s new corporate logo.

MSWG was also studying 50 other companies picked by Lembaga Tabung Haji, which is one of the founder members of MSWG, Abdul Wahab, said, adding that the effort would be carried out in collaboration with Universiti Teknologi Mara (UiTM).

However, judging from the frequency MSWG updates their news and information (their latest news dated back to May 2005, so no pun intended!) on their website, there’s a lot to catching up to do in their IT department.

I personally believe that if the rating information cannot be obtained online, whether a minimal fee is required or not, the information will not serve any purpose at all, since counter performance is like the weather, it can be sunny in the morning and get all stormy by high noon and end with a tsunami before 5 pm.

Maybe Wahab should include “Update Website News” in his next to-do-list itinerary!