Malaysia's Foreign Reserves Fell to USD 95.5 Billion!

Malaysia’s reserves fell to 312.21 billion ringgit, equivalent to $95.5 billion, as of May 31, from 313.92 billion at the end of April 2010.

In Malaysia, capital outflows from the equity market outpaced increased flows into the debt market in May 2010.

“Foreign investors continued to liquidate their portfolio holdings on heightened risk aversion arising from worries that the European debt problems could halt the global recovery,” Lee Heng Guie, chief economist at CIMB Investment Bank in Kuala Lumpur, said in a note today on the Malaysian reserves.

As reported by Bloomberg HERE>