Economy Showing Brighter Signs Of recovery, Says PM Ismail Sabri

Prime Minister Datuk Seri Ismail Sabri Yaakob

The economy is showing brighter signs of recovery with the increase in foreign capital inflows driven by positive developments under the National Recovery Plan (PPN), says Prime Minister Datuk Seri Ismail Sabri Yaakob in a Facebook post today.

The Prime Minister says the positive indicator has set the tone and direction for a  stronger economic recovery for the fourth quarter of 2021, adding that RM7.7 billion was recorded in terms of foreign investor capital inflows in August.

He also says foreigners are the main buyers in the ringgit bond market with net investments of RM6.6 billion in July.

“This was a testament to investors and fund managers’ confidence in the country’s growth prospects as well as the continuity of government policies,” he says.

“Malaysia is showing brighter signs of an economic recovery. A total of RM7.7 billion was recorded in terms of foreign investor capital inflows in August and this is the highest value since June 2020. This value has also offset outflow recorded two months earlier,” he says.

He says as of August 2021, foreign holdings of Malaysian government bonds rose by RM23.9 billion to RM226.1 billion.

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