KUALA LUMPUR – Following are the highlights of the 2016 Bank Negara Malaysia
* Malaysian economy projected to register a sustained growth of between 4.3
per cent and 4.8 per cent in 2017.
* Bank Negara Malaysia declares dividend payout of RM2.5 billion to the
government in 2016.
* The current account expected to register a surplus of between 1.0 and -2.0
per cent of Gross National Income in 2017.
* Inflation is projected to average higher in the range of 3.0 per cent and
4.0 per cent in 2017.
* Gross exports expected to increase by 5.5 per cent in 2017 versus 1.1
per cent in 2016.
* Gross imports anticipated to rise 6.4 per cent compared with 1.9 per cent
* Malaysia’s exports and imports poised to strengthen in 2017,
underpinned by projected improvements in global growth, commodity prices and
sustained domestic demand.
* Trade balance will remain in surplus in 2017.
* Ringgit depreciated by 4.3 per cent to end at RM4.486 against the US
dollar in 2016.
* Bank Negara Malaysia’s total assets stood at RM451.0 billion with
international reserves amounting to RM423.9 billion (US$94.5 billion)
* International reserves remain ample to facilitate international
transactions and sufficient to finance 8.5 months of retained imports and is 1.1
times the short-term external debt.
* Malaysia’s external debt stood at RM908.7 billion, equivalent to US$200.6
billion or 73.9 per cent of GDP, at end-2016 (2015: RM833.8 billion)
* The unemployment rate rose to 3.5 per cent in 2016 from 3.1 per cent, a
year ago, due to slower job creation amid more moderate economic growth.
* The services sector recorded a higher growth of 5.6 per cent in 2016 from
5.1 per cent in 2015, backed by expansion across all sub-sectors.