By Saurabh Chaturvedi
Malaysia's current-account surplus for the fourth quarter ended December expanded to 12.2 billion ringgit ($2.7 billion) from MYR6 billion in the previous quarter, according to Malaysia's department of statistics on Thursday.
Increase in the current account surplus was mainly due to a higher surplus on the goods account and lower deficit on the income account, it said.
Surplus on the goods account grew to MYR31.4 billion from MYR26.5 billion in the previous quarter, it said. Deficit on the income account fell to MYR13.1 billion from MYR15.4 billion, according to the statistics department.
Foreign direct investment in Malaysia saw a net inflow of MYR10.8 billion from MYR6.5 billion in the third quarter.
"The current account surplus widened, due mainly to a higher trade surplus and narrower deficits in the income accounts," Malaysia's central bank said in a separate statement.
Write to Saurabh Chaturvedi at firstname.lastname@example.org
(END) Dow Jones Newswires
February 15, 2017 23:35 ET (04:35 GMT)
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