Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Malaysian PM expected to resign after months of political turmoil
    Top Stories

    Malaysian PM expected to resign after months of political turmoil

    Published by maria gbaf

    Posted on August 16, 2021

    5 min read

    Last updated: January 21, 2026

    Image depicting Malaysian Prime Minister Muhyiddin Yassin, who is anticipated to resign after months of political instability. This significant event impacts Malaysia's economy and future governance.
    Malaysian Prime Minister Muhyiddin Yassin expected to resign amid political turmoil - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    KUALA LUMPUR (Reuters) -Malaysian Prime Minister Muhyiddin Yassin is expected to step down on Monday, media reports say, after months of political turmoil that resulted in his losing his majority.

    If confirmed, Muhyiddin’s resignation would end a tumultuous 17 months in office, but could also hamper Malaysia’s efforts to reboot a pandemic-stricken economy and curb a resurgence in COVID-19 cases, as there is no obvious successor.

    Malaysia’s ringgit currency fell to a one-year low and the stock market slipped.

    It was not immediately clear who could form the next government, given no one has a clear majority in parliament, or whether elections could be held during the pandemic. Malaysia’s infections and fatality rates per million people are the highest in Southeast Asia.

    The decision is likely to be thrust into the hands of constitutional monarch King Al-Sultan Abdullah, who can appoint a prime minister from among elected lawmakers based on who he thinks is most likely to command a majority.

    Muhyiddin, who has for weeks defied calls to quit, informed party members that he will submit his resignation to the king on Monday, according to Mohd Redzuan Md Yusof, a minister in the prime minister’s department, news portal Malaysiakini reported on Sunday.

    The minister and Muhyiddin’s office did not respond to Reuters requests for comment.

    The prime minister convened a special cabinet meeting on Monday morning, state news agency Bernama reported. He expected to go to the palace later to meet the king.

    Muhyiddin’s resignation could return the premiership to the United Malays National Organisation (UMNO), Malaysia’s ‘grand old party’, which was voted out in a 2018 election after being tainted by corruption allegations.

    The top two contenders for the premiership or interim prime minister’s post include deputy prime minister Ismail Sabri Yaakob and veteran lawmaker Tengku Razaleigh Hamzah, both from UMNO.

    Muhyiddin’s grip on power has been precarious since he took office in March 2020 with a slim majority. Pressure on him mounted recently after some UMNO lawmakers – the largest bloc in the ruling alliance – withdrew support.

    Muhyiddin has said the recent crisis was brought on by his refusal to meet demands including the dropping of corruption charges against some individuals.

    UMNO politicians, including former premier Najib Razak and party president Ahmad Zahid Hamidi, are facing graft charges. They have denied wrongdoing and were among those who withdrew support for Muhyiddin this month.

    (Reporting by A. AnanthalakshmiEditing by Ed Davies and Gerry Doyle)

    KUALA LUMPUR (Reuters) -Malaysian Prime Minister Muhyiddin Yassin is expected to step down on Monday, media reports say, after months of political turmoil that resulted in his losing his majority.

    If confirmed, Muhyiddin’s resignation would end a tumultuous 17 months in office, but could also hamper Malaysia’s efforts to reboot a pandemic-stricken economy and curb a resurgence in COVID-19 cases, as there is no obvious successor.

    Malaysia’s ringgit currency fell to a one-year low and the stock market slipped.

    It was not immediately clear who could form the next government, given no one has a clear majority in parliament, or whether elections could be held during the pandemic. Malaysia’s infections and fatality rates per million people are the highest in Southeast Asia.

    The decision is likely to be thrust into the hands of constitutional monarch King Al-Sultan Abdullah, who can appoint a prime minister from among elected lawmakers based on who he thinks is most likely to command a majority.

    Muhyiddin, who has for weeks defied calls to quit, informed party members that he will submit his resignation to the king on Monday, according to Mohd Redzuan Md Yusof, a minister in the prime minister’s department, news portal Malaysiakini reported on Sunday.

    The minister and Muhyiddin’s office did not respond to Reuters requests for comment.

    The prime minister convened a special cabinet meeting on Monday morning, state news agency Bernama reported. He expected to go to the palace later to meet the king.

    Muhyiddin’s resignation could return the premiership to the United Malays National Organisation (UMNO), Malaysia’s ‘grand old party’, which was voted out in a 2018 election after being tainted by corruption allegations.

    The top two contenders for the premiership or interim prime minister’s post include deputy prime minister Ismail Sabri Yaakob and veteran lawmaker Tengku Razaleigh Hamzah, both from UMNO.

    Muhyiddin’s grip on power has been precarious since he took office in March 2020 with a slim majority. Pressure on him mounted recently after some UMNO lawmakers – the largest bloc in the ruling alliance – withdrew support.

    Muhyiddin has said the recent crisis was brought on by his refusal to meet demands including the dropping of corruption charges against some individuals.

    UMNO politicians, including former premier Najib Razak and party president Ahmad Zahid Hamidi, are facing graft charges. They have denied wrongdoing and were among those who withdrew support for Muhyiddin this month.

    (Reporting by A. AnanthalakshmiEditing by Ed Davies and Gerry Doyle)

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostChina’s factory output, retail sales slow, miss expectations
    Next Top Stories PostU.S. FDA authorizes COVID-19 vaccine boosters for the immunocompromised