Prime Minister Anwar Ibrahim's coalition government continues to hold a parliamentary majority following the 2022 election, with the next general election constitutionally due no later than February 2028. Recent state assembly dissolutions in Johor and Negeri Sembilan in early June 2026, followed by scheduled polls in July and August, have fueled trader speculation about potential alignment of federal dissolution to reduce costs and consolidate voting. Anwar has publicly ruled out an immediate snap national poll and distanced federal timing from the state contests, though coalition pressures, economic conditions, and opposition dynamics remain key variables. Markets reflect trader consensus that dissolution is unlikely before late 2026, with resolution hinging on any announcement from the prime minister to the Yang di-Pertuan Agong.