Monday, January 8, 2018

FW: RHB | Malaysia | Higher Forex Reserves Amid Wider Current Account Surplus

 

 

 

 

Economic Research

8 January 2018

Malaysia

 

Economic Update

 

 

 

Higher Forex Reserves Amid Wider Current Account Surplus

 

Malaysia’s forex reserves rose by USD0.5bn to USD102.4bn as at 29 Dec, from USD101.9bn at end-November. In MYR terms, forex reserves dropped MYR15.8bn to MYR414.6bn, from MYR430.4bn as at end-November. It remains adequate by international standards. At the current level, Malaysia’s forex reserves are sufficient to finance 7.2 months of retained imports and cover 1.1x the short-term external debt of the nation.

 

Economists:

Vincent Loo Yeong Hong  | +603 9280 2172

Aris Nazman Maslan  | +603 9280 2184

 

 

 

To access our recent reports please click on the links below:

 

08 Jan : November Export Growth Healthy Albeit Slow

04 Jan : US Tax Bill Positive For Malaysia In 2018

02 Jan: M3 Grows Steadily In November, Loans Slow Further

21 Dec: Inflation Moderates Further In November

14 Dec: Strong Headline GDP But Weak Ground Sentiment

 

Economics Team

Arup Raha

Group Chief Economist

arup.raha@rhbgroup.com

+65 6232 3896

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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