Malaysia 1Q current account surplus rises to RM16.4b

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KUALA LUMPUR (May 16): Malaysia's current account surplus grew to RM16.4 billion (US$3.93 billion) in the first quarter from RM10.8 billion in the previous three months, the government said on Thursday.

Portfolio investment saw a net inflow of RM2.1 billion, compared with a net outflow of RM5.8 billion in the last quarter of 2018.

(US$1 = RM4.1690)