“In this respect, the FBM KLCI and ringgit remained stable and we recorded a high bid to cover ratio demand of 2.6 times above the value of government MGII 10-year bonds offered last week, ” said the Finance Minister when replying to a question by Lim Guan Eng yesterday.“This can be seen from eight venture capital fund managers from the United States, South Korea, China, Indonesia and Singapore who have agreed to invest RM1.57bil in the country’s start-up companies.
“This includes downgrading ratings for over 100 countries such as the United Kingdom, Hong Kong, Chile and Laos, ” he said. “Our gross domestic product has shrunk at a slower pace of 2.7% in the third quarter as compared to 17.1% in the previous quarter – the best in Asean, ” he said.