"Seems like it will be up for grabs now," a second source said about the possibility of who will form the next government. In coalition with his longtime rival Anwar Ibrahim, Mahathir … Mahathir's party, the Malaysian United Indigenous Party (Bersatu) announced Monday it would be dropping out of the ruling coalition Pakatan Harapan in support of the prime minister. Others suggest he is likely to have been aware of the discussions being held by those in his party. Sources said Mahathir's party and a faction in Anwar's party met officials from UMNO and Islamist party PAS in efforts to form a new coalition and possibly back Mahathir to serve out a full five-year term as prime minister. The withdrawal of more than three dozen lawmakers means the ruling alliance has lost its majority in Parliament, throwing the country into an uncertain future and sparking fears of more turmoil over how the political drama will play out. In 2018, Mahathir and Anwar put aside their longstanding rivalry to fight together to defeat Najib and his UMNO party, which forms the largest constituent in the Barisan Nasional coalition. Speaking to CNN in 2018, she described the fraught relationship between her husband and Mahathir. King Sultan Abdullah Sultan Ahmad Shah, who met leaders from the new faction on Sunday and both Anwar and Mahathir on Monday, accepted Mahathir’s resignation, the chief secretary to the government, Mohamad Zuki Ali, said in a statement. “His name was used, by those within my party and outside,” Anwar told reporters. The surprise announcement comes amid speculation that 94-year-old Mahathir was attempting to form a new ruling coalition that would exclude his promised successor Anwar Ibrahim. Tension has erupted as Mahathir refused to set a date to relinquish power despite a preelection agreement to hand over power to Anwar. “He has been able to command the loyalty of every single political party in the manner of three days.”. Available for everyone, funded by readers, Muhyiddin Yassin dependent on support from party mired in corruption scandals, Mahathir calls for urgent sitting of parliament, saying the PM-designate lacks majority support, Coalition with Anwar Ibrahim back on after a week of political turmoil, Malaysian former leader explains how fugitive financier Jho Low came to be linked to infrastructure fund. Mohamad Zuki said the king also decided Mahathir should continue as interim leader until a new prime minister is chosen and a new Cabinet formed. Malaysian PM sworn in amid questions over legitimacy, Mahathir Mohamad questions legitimacy of Malaysia's new PM, Malaysia's Mahathir says he will stand again for PM, 1MDB trial: former PM Najib Razak takes stand for first time over corruption charges, 1MDB scandal explained: a tale of Malaysia's missing billions, Anwar Ibrahim returns to Malaysian politics with landslide byelection victory, 'I love him': Malaysian PM and former rival publicly bury hatchet after 20 years, Najib Razak: 1MDB corruption trial of former Malaysian PM postponed, previously jailed over sodomy allegations, Malaysia’s economy already faces the threat of coronavirus. The king accepted Mahathir’s resignation before appointing him as interim prime minister that evening. After defeating Najib, who he blasted as corrupt and dictatorial, Mahathir had promised to hand over power to Anwar, who Mahathir himself once jailed. KUALA LUMPUR, Malaysia (AP) — Malaysia’s king on Monday accepted Prime Minister Mahathir Mohamad’s shocking resignation but reappointed him as interim leader following the collapse of the ruling alliance in a major political upheaval less than two years after its historic election victory. After Mahathir's resignation, his party's president, Muhyiddin Yassin, announced it will withdraw from the Pakatan Harapan coalition. Mahathir, the world's oldest leader, stunned many observers with a surprise election win in May 2018, ending six decades of dominance by the ruling UMNO-dominated Barisan Nasional coalition led by Najib Razak. KUALA LUMPUR — Malaysian Prime Minister Mahathir Mohamad has submitted a letter of resignation to the country's king, his office said on Monday, leaving the government in limbo amid talk of forming a new governing coalition. All of them have signed the Oath to continue to support and trust Tun Dr Mahathir Mohamad as the Prime Minister of Malaysia," according to a statement from BERSATU President Muhyiddin Mohd Yassin. "Both parties and coalitions -- political formations that have existed for the last couple of years or decades -- are now splintering, and every single new grouping will have been preparing for any number of scenarios and contingencies in whatever negotiations are taking place now.". Over the weekend, local media reported that Anwar said that he had been betrayed by Mahathir's party and a faction within his own party, Parti Keadilan Rakyat. Bersatu later said Mahathir had also quit as party chairman. In another surprise move, the 94-year-old also resigned as chairman of his own political party, Parti Pribumi Bersatu Malaysia. Malaysian Prime Minister Mahathir Mohamad wave good bye to media after a press conference in Putrajaya on April 15, 2019. Mahathir's decision to resign followed a weekend filled with speculation that the ruling coalition could lose power. In … No feeling of revenge at all. Anwar said he pleaded with Mahathir to stay on to jointly defeat the conspirators but he refused. The political turmoil comes at a time when Malaysia’s economy already faces the threat of coronavirus, and as trials relating to the world’s largest kleptocracy case, the 1MDB saga, continue. Anwar's wife Wan Azizah Ismail is the deputy prime minister of the country and would be the highest figure in the government if Mahathir's resignation is accepted. That is important. Malaysian Prime Minister Mahathir Mohamad unexpectedly resignedon Monday, upending the country’s politics. Horse trading is expected as both factions scramble to build enough support to take power. Eleven other lawmakers, including several Cabinet ministers, announced they were quitting Anwar’s party to form an independent bloc. He made it very clear in no way would he work with those in the past regime," Anwar said. Anwar was Mahathir’s deputy during Mahathir’s first stint as prime minister but they fell out politically. Malaysia’s Prime Minister Mahathir Mohamad has submitted his resignation to the king, according to the prime minister’s office. Mahathir said … Analysts said a new “backdoor” government could give rise to Malay Islamic supremacy that would derail Malaysia’s multi-ethnic society. However, the corruption verdict was never lifted, barring him from running for political posts until 2008. Mahathir was Malaysia's prime minister from 1981 to 2003. CNN and the CNN logo are registered marks of Cable News Network, Inc., displayed with permission. Prof James Chin, the director of the Asia Institute Tasmania at the University of Tasmania, said: “The possible outcome is that you have a much stronger Malay-centric government with a much more Islamic outlook. Get this delivered to your inbox, and more info about our products and services. "While ringgit movements will continue to be market determined, BNM's market operations will ensure sufficient liquidity and orderly financial market conditions," it said in a statement. On Monday, he said the prime minister had told him “he played no part” in attempts to form a new government. Regardless of how involved Mahathir was with his supporters’ activities, he appeared to have reaped huge gains from the episode, said Bridget Welsh, an honorary research fellow at the University of Nottingham Malaysia’s Asia Research Institute. A snap election could be called, and those remaining within Pakatan Harapan, which has lost four of five recent byelections, may be concerned about their prospects if a Malaysians are asked to go to the polls. © 2020 CNBC LLC. "It becomes quite hard for Malaysia to bring foreign investors back," Jolynn Kek, head of equity at BOS Wealth Management Malaysia, said, pointing to more political stability and economic growth among its neighbors. The main stock market index fell to an eight-year low and bonds fell, forcing yields on 10-year government bonds up 5 basis points, their biggest jump since October. In 2008, once his ban on political participation was lifted, Anwar was hit with further sodomy charges. © 2020 Guardian News & Media Limited or its affiliated companies. Electoral watchdog group Bersih, which has organized several protest rallies in the past, warned it would organize a mass rally if an undemocratic government is formed. (CNN)Malaysian Prime Minister Mahathir Mohamad submitted his resignation to the country's king on Monday, his office announced, a shock move that could plunge the country into political crisis. Data is a real-time snapshot *Data is delayed at least 15 minutes. Nine other lawmakers declared their allegiance to the ousted pair and left the party as well, according to a statement from the lawmakers. He reiterated what he said to me earlier. The political plot by the defectors would include an alliance with the Malay party of disgraced former leader Najib Razak, who with several of his party leaders are standing trial on corruption charges. Mahathir and Anwar's complicated relationship goes back decades. Mahathir Mohamad, Malaysia’s Prime Minister, Resigns The move appears to be an attempt to suddenly remake a government — possibly with Mr. Mahathir, 94, still at …

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