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Little impact on ringgit seen from Najib's RM20b stockmarket boost

Mr Najib reiterated the government's commitment to "strengthening the integrity of its institutions" on 1MDB, assuring that the sale of its power assets under Edra Global Energy would be transparent, as would the development of the new Bandar Malaysia township.

Kuala Lumpur

A PACKAGE of measures announced by Prime Minister Najib Razak on Monday to stabilise the flagging economy gave the stock market a boost as RM20 billion (S$6.54 billion) would be injected into government-linked fund manager ValueCap to purchase undervalued shares.