Malaysia's reserves rise in first half of April

Bank Negara Malaysia said on Friday 22 April that its international reserves rose to RM276.7 billion (US$72.8 billion) as at 15 April 2005.

In a statement released on Friday, the central bank said the increase of RM1.6 billion (US$400 million) during the first half of April was due to sustained repatriation of export earnings, inflows of foreign direct investment and drawdown of external loans.

It said outflows reflected mainly payments for imports of goods and services and repatriation of divi