MARC: Room to improve current account balance

MARC said that sustaining the current account surplus and attracting foreign investments would depend on Malaysia’s ability to upgrade the value add of its goods and services outputs.

PETALING JAYA: Malaysia has potential to improve its current account balance by enhancing the services component of the account, particularly in the travel subcategory, says Malaysian Rating Corp Bhd (MARC).

In a statement, the rating agency pointed out that after three years of deficit, Malaysia registered a surplus in the travel subcategory in 2023, although it remained at half of the pre-pandemic level.