FW: RHB | Malaysia | Forex Reserves Continue To Climb Despite Outflows

 

 

 

 

Economic Research			8 November 2017
Malaysia
Economic Update
Forex Reserves Continue To Climb Despite Outflows   Malaysia’s forex reserves rose by USD0.3bn to USD101.5bn as at 31 Oct, from USD101.2bn at end-September. In MYR terms, Malaysia’s forex reserves gained MYR1.2bn to MYR428.9bn, from MYR427.7bn as at end-September. It remains adequate by international standards. At the current level, Malaysia’s forex reserves are sufficient to finance 7.6 months of retained imports and cover 1.1x the short-term external debt of the nation   Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   08 Nov : Exports Slowing, 3Q Growth Strongest Since 2010 01 Nov : M3 Eases Lower From a Two-Year High 27 Oct : MOF Economic Report 2017/2018 - Growth To Be Sustained As Fiscal Deficit Narrows 24 Oct : Services Sector Drags Approved Investments 20 Oct : Inflation Picks Up Further on Higher Fuel Prices
Economics Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam,	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

 

 

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