KUALA LUMPUR, Aug 13 — Malaysia’s Current Account Balance (CAB) posted a surplus of RM14.4 billion in the second quarter of 2021 (Q2 2021), rising by 17.2 per cent from RM12.3 billion in Q1 2021, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd...
KUALA LUMPUR, Aug 13 — Malaysia’s Current Account Balance posted a surplus of RM14.4 billion in the second quarter of 2021 , rising by 17.2 per cent from RM12.3 billion in Q1 2021, said the Department of Statistics Malaysia .
Main exports were electrical and electronics , as well as petroleum and rubber-based products, principally to China, Singapore and the United States , he said. Meanwhile, in terms of Services trade, imports stood at RM36.5 billion while exports were at RM21.1 billion in Q2 2021, resulting in a wider services deficit of RM15.4 billion versus RM15.0 billion in Q1 2021, mainly led by travel and transport.
Mohd Uzir said the performance of information and communications technology-related services had improved with the adoption of technology-driven work practices in the new normal brought by the pandemic. “Concurrently, Malaysian companies abroad also registered a higher income of RM19.3 billion, due to a significant increase in portfolio investment,” he said.
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