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PUBLISHED: Nov 14, 2014 6:09pm

Malaysia’s current accounts record higher surplus

Ringgit-medium

Source: Bernama Source:
Bernama

The Statistics Department said Malaysia recorded a higher current account balance for the January-September 2014, attributing it to higher goods surplus of RM92.4 billion compared with RM74.9 billion last year.

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KUALA LUMPUR, Nov 14, 2014:

Malaysia’s current account balance for the January-September 2014 recorded a higher surplus of RM43.4 billion from RM25.1 billion in the same period last year.

This was attributed to higher goods surplus of RM92.4 billion compared with RM74.9 billion last year, the Statistics Department said in a statement today.

The department said on a yearly basis, the surplus on current account balance fell by 24.3% from RM10 billion in the same quarter of preceding year.

“This was due to higher deficit in services account, primary income account and secondary income account by RM1.5 billion, RM1.5 billion and RM0.9 billion, respectively,” it said.

It said in the current quarter ended in Sept 2014, goods account registered lower surplus of RM28.7 billion compared with RM30.1 billion in the previous quarter.

Year-on-year, the surplus on goods rose slightly by RM1.5 billion from RM27.2 billion in the same quarter last year due to higher exports (free on board) by RM5.3 billion.

“Cumulatively, for the first three quarters, the surplus on goods registered RM92.4 billion, up by RM17.5 billion compared with the same period of 2013,” it said.

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