Malaysia – 4Q 2017 balance of payments
14/02/2018 06:29 pm MYT
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In 4Q 2017, the current account surplus expanded on a quarter-on-quarter and year-on-year basis. As a percentage of GDP, the current account surplus fell slightly to 3.6% – see figure 1. On the other hand, the financial account recorded a net inflow due to a sharp increase in portfolio investment – see table 1. However, the overall balance of payments registered a deficit of RM13.1 bln.

 

For the whole of 2017, the overall balance of payments recorded a deficit of RM9.3 bln as compared with a surplus of RM14.8 bln in 2016.

The deficit in the services account widened in 4Q 2017, due mainly to higher deficits in the transportation, construction, and insurance and pension segments, as well as charges for the use of intellectual property – see table 2.

 

 

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Note from Publisher
In a seminar organised by Capital Dynamics in 2002, Tan Teng Boo said that the modernisation of China is a transformation that happens only once in a millennium. In the 17 years that followed, we have seen a glimpse of the impact coming from China’s transformation.

Feeling increasingly insecure, the US has launched a multi-pronged war on China, which has caused great uncertainty around the world. The clash between the two global giants is expected to be long-drawn, lasting decades. Hence, it is important that one has a deep and sound understanding of the US-China tensions and relations. In the coming 2018/2019 Global Investor Week on 13 and 14 April 2019, we have invited prominent speakers from China, US, Africa, and Asia to share their candid views based on their unique perspectives. Closer to home, the rapid changes in Malaysia’s political scene are of utmost concern to Malaysians. How will Malaysia’s political future play out ? Come and listen to the insights from leading experts on Malaysian politics.

Many other exciting programmes have been planned for the 2018/2019 Global Investor Week. Please visit https://giw.icapital.biz for more details.
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