MALAYSIA’S overall balance of payments surplus rose a hefty 591.7% to RM8.3bil in the second quarter this year from RM1.2bil in the first, according to official data released yesterday.
The sharp increase was credited to a much lower net outflow of RM1.8bil from the financial account during the three-month period ended June 30 compared with an RM8.2bil outflow in the preceding quarter, the Statistics Department said.
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