KUALA LUMPUR: Malaysia’s current account balance (CAB) surplus surged to RM16.2 billion, equivalent to 3.5 per cent of the gross domestic product (GDP...
: Malaysia’s current account balance surplus surged to RM16.2 billion, equivalent to 3.5 per cent of the gross domestic product in the first quarter of 2024 mainly fuelled by the income and goods accounts.
“The primary income account showed a smaller deficit of RM8.8 billion compared to RM20.3 billion from the previous quarter. Meanwhile, he said the secondary income account recorded a surplus of RM0.3 billion in 1Q 2024 from a deficit of RM2.2 billion in the preceding quarter following higher receipts of workers’ remittances and transfers received from overseas.
With regard to trade in services, he said the services account recorded a lower deficit of RM7.3 billion compared to RM7.4 billion in the previous quarter.
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