Malaysia’s Current Account Balance (CAB) recorded a surplus of RM9.5 billion in the first quarter of 2020. This was led by the surplus in Goods account and the smaller deficit in Primary income whereby foreign companies in Malaysia earned lower income of RM16.3 billion as compared to RM25.1 billion in the previous quarter.
Meanwhile, Financial account registered a higher net outflow of RM13.3 billion in the first quarter of 2020 as compared to RM0.1 billion in previous quarter. This was primarily contributed by higher outflow in Portfolio investment due to redemption upon maturity and selling off debt securities by non-residents.
Foreign Direct Investment (FDI) expanded to RM6.4 billion from RM5.4 billion in the previous quarter. The FDI were mainly from USA, Singapore and Ireland in Manufacturing, Financial and insurance; and Mining and quarrying. In the same time, Direct Investment Abroad (DIA) also increased from RM1.1 billion in the fourth quarter of 2019 to RM3.0 billion this quarter. The main destinations of DIA were UK, Indonesia and Canada which channelled to Mining and quarrying, Information and communication; and Agriculture sectors.
The international reserves stood at RM440.0 billion as compared to RM424.0 billion in preceding quarter.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
13 May 2020
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my