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.
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