Prime Minister Anwar Ibrahim’s unity government, formed after the 2022 hung parliament, retains a parliamentary majority despite strains between Pakatan Harapan and Barisan Nasional partners. The 15th Dewan Rakyat faces automatic dissolution no later than December 2027, with any election required within 60 days. Recent catalysts include DAP secretary-general Anthony Loke’s September 19 resignation as transport minister over the King’s conditional pardon of Najib Razak, alongside ongoing state assembly dissolutions and solo contests by coalition parties in Johor, Negeri Sembilan, and Melaka. UMNO leaders have publicly urged an early federal poll to seek a fresh mandate, while analysts note Anwar’s prerogative to time dissolution strategically and the coalition’s demonstrated ability to govern until at least early 2028. Traders weigh these frictions against the absence of a no-confidence threat or immediate trigger for snap polls.