NAJIB: FOREIGN CAPITAL INFLOW INTO BURSA HITS HIGHEST LEVEL IN A YEAR

RM430 million investments show their confidence in economy, says PM

FOREIGN fund inflow into Bursa Malaysia up to Thursday hit the highest in one year at RM429.80 million, Prime Minister Datuk Seri Najib Razak said.

He said that under Barisan Nasional’s leadership, the record was achieved despite the dissemination of fake news about the country’s economy.

“The opposition continues to spread fake news about the economy.

“However, foreign investors and fund managers continue to have confidence in Malaysia and BN’s economic policies.

“Up to Thursday, the foreign fund inflow into Bursa Malaysia breached the highest in one year, at RM429.80 million,” he said in his Twitter account.

It was reported that the net inflows were 389.35 per cent higher than the RM87.83 million recorded on Wednesday.

For the week to date, Bursa Malaysia recorded total net inflows of RM560.96 million.

In Asia, Malaysia ranked third after China and India to have received the highest foreign inflow year to date at RM3.4 billion.

He said that up to April 13, Bank Negara Malaysia’s international reserves amounted to US$110 billion (RM428.7 billion).

He said this was another indication of confidence in the country’s economic standing and the effectiveness of the BN government’s economic policies.

In a statement recently, Bank Negara said the US$110 billion reserves were higher compared with US$107.8 billion up to March 30.

The reserves position was sufficient to finance 7.7 months of retained imports and was 1.1 times the short-term external debt, it said.