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Malaysia's Current Account Surplus Swells to MYR15.2 Billion in Q1

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Malaysia recorded a current account surplus of 15.2 billion ringgit in the first quarter, supported by a stronger goods account and continued improvement in services, according to data from the Department of Statistics Malaysia on Friday.

The goods account posted net exports of 33.6 billion ringgit, up from 24.3 billion ringgit in the previous quarter.

The financial account saw a higher net inflow of 27.4 billion ringgit compared with 9.4 billion ringgit in the preceding quarter, driven by stronger direct and portfolio investment inflows.

Foreign direct investment recorded a net inflow of 22.8 billion ringgit, while direct investment abroad resulted in a net outflow of 8.1 billion ringgit. Malaysia's international reserves rose slightly to 511.3 billion ringgit at the end of the first quarter, compared with 509.7 billion ringgit in the previous quarter, the data showed.

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