Explanation:

• Malaysian Prime Minister, Muhyiddin Yassin, resigned on August 16, 2021 following the months of political turmoil in the country.
• He and his cabinet resigned after losing his majority. His resignation is going to open another chapter of instability as there is absence of any obvious successor currently.
• He resigned after the tenure of 17 months in office. Thus, it is the shortest stint of Malaysian leader.
• His resignation also impacts the efforts towards rebooting economy and controlling resurgence of Covid infections.
• Ringgit, the currency of Malaysia has fallen down to one-year low and its stock market also slipped.
• Political turmoil in Malaysia was triggered by a power grab within the then-ruling Pakatan Harapan coalition. It led to the resignation of former PM Mahathir Mohamad.