Malaysian PM submits resignation in shock move

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Malaysian PM submits resignation in shock move
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Malaysian PM Mohamad has submitted a letter of resignation to the country's king.

If no grouping had more than the 112 members needed for a parliamentary majority, fresh elections are an option, a person close to Mahathir's party said.

"Seems like it will be up for grabs now," a second source said about the possibility of who will form the next government."Who can pull in a majority." 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 ringgit fell 0.8 percent on the day — its steepest slide in three years — to its lowest level in almost six months.

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