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Malaysian PM Mahathir sends resignation letter to king

Malaysian PM Mahathir sends resignation letter to king

13 Sept 13:14 Key points summarised by AI
  • Prime Minister Mahathir Mohamad submitted his resignation to Malaysia's king, signaling a major political shake-up.
  • His resignation follows intense weekend talks aimed at forming a new governing coalition, potentially excluding his anointed successor, Anwar Ibrahim.
  • Mahathir's party, Bersatu, also announced its withdrawal from the ruling coalition, further destabilizing the government.
  • The political uncertainty has rattled investors, driving the benchmark stock index to a 10-year low and the ringgit currency to a near six-month low.
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