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Q3 SURPLUS IN MALAYSIA'S OVERALL BALANCE OF PAYMENTS RISES 67%.
KUALA LUMPUR, Jan 1 Asia Pulse - The surplus in the overall balance of payments (BOP) for the third quarter of 2003 increased by 67.5 per cent (+RM5.6 billion, US$1.4 billion) to RM13.9 billion from that of RM8.3 billion in the second quarter, the Department of Statistics, Malaysia reported.
The current account surplus increased to RM13.9 billion (RM11.4 billion in the second quarter), while the financial account recorded a net inflow of RM0.7 billion from a net outflow of RM1.8 billion previously and the errors & omissions registered at RM0.7 billion.
The increase in international reserves held by Bank Negara Malaysia stood at RM13.9 billion, compared to an increase of RM8.3 billion recorded in the second quarter.
For the first three quarters of 2003, the overall balance recorded a markedly higher surplus of RM23.4 billion (+98.3 per cent or +RM11.6 billion) compared to a surplus of RM11.8 billion a year ago. For the same period, current account also registered a markedly higher surplus of RM37.2 billion (+92.7 per cent or +RM17.9 billion) as compared to RM19.3 billion in the same period 2002, whilst the financial account recorded a marginally higher outflow of RM9.4 billion (+36.2 per cent or +RM2.5 billion) as compared to RM6.9 billion in 2002. At the same time, the net increase of international reserves held by Bank Negara Malaysia was RM23.4 billion (RM11.8 billion increased a year ...
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