Foreign investors send more cash out of Malaysia

A wider deficit of RM63.6bil in 2022 was registered in the primary income account due to a shortfall in investment income and higher income payments amounting to RM137.8bil. The increased repatriation of profits and dividends was one of the causes. — Reuters

FOREIGN investors in Malaysia repatriated more profits and dividends out of the country last year, and this partly caused the narrowing of Malaysia’s current account surplus.

As per the 2023 Economic Report, a wider deficit of RM63.6bil in 2022 was registered in the primary income account due to a shortfall in investment income and higher income payments amounting to RM137.8bil.