Bank Negara's reserves reach new high

Bank Negara Malaysia's foreign reserves reached a new high of RM264.66 billion (US$69.64 million) in the second half of January, due partly to larger inflow of portfolio funds.

The central bank said in a statement on Feb 8 that the increase of RM10.48 billion during the period (from RM254.18 billion on Jan 15) "reflected mainly higher repatriation of export earnings, and larger inflows of foreign direct investment and portfolio funds".

Outflows during the period were due mainly to higher payme

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