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Malaysia – 1Q 2017 balance of payments
19/05/2017 05:17 pm MYT
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In 1Q 2017, the current account surplus moderated on both quarter-on-quarter and year-on-year basis. As a percentage of GDP, it more than halved to 1.6% – see figure 1. Financial account, on the other hand, recorded net outflows for the third consecutive quarter– see table 1. This was due to a higher net outflow in portfolio investment. Meanwhile, foreign direct investment in Malaysia recorded a net inflow of RM17.0 bln in 1Q 2017.

The deficit in the services account worsened in 1Q 2017 as most major segments recorded higher deficits, with the exception of the travel and manufacturing segments – see table 2.

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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