Prime Minister Anwar Ibrahim’s unity government holds constitutional authority to advise the Yang di-Pertuan Agong on dissolving the 15th Parliament at any time before its automatic expiration on 19 December 2027. Traders assign the highest probability to dissolution by mid-2027, reflecting expectations that Anwar may time the move to coincide with favorable state election cycles or to consolidate coalition support. Recent June 2026 dissolutions of the Negeri Sembilan and Johor state assemblies have heightened speculation of a national snap poll, though no formal announcement has occurred. Key variables include coalition stability, performance in upcoming state votes, and the fixed five-year term that forces an election by February 2028 if parliament runs its full course.