KUALA LUMPUR, May 17 (Xinhua) — Malaysia’s current account balance (CAB) surplus surged to 16.2 billion ringgit (3.46 billion U.S. dollars) in the first quarter of 2024, equivalent to 3.5 percent of the gross domestic product (GDP), official data showed Friday.
The Department of Statistics Malaysia said in a statement that the increase was mainly fueled by the income and goods accounts.
The higher CAB su
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