Prime Minister Anwar Ibrahim holds the initiative to request dissolution of the 15th Parliament from the Yang di-Pertuan Agong, with the current term set to expire automatically on 19 December 2027. Recent state assembly dissolutions and snap polls in Johor and Negeri Sembilan in June 2026 tested coalition cohesion and produced mixed results for Anwar’s unity government partners, fueling speculation of an early national vote amid reported internal divisions. Traders price a June 2027 resolution window highest, reflecting expectations that Anwar will weigh electoral timing against parliamentary stability and economic conditions rather than move immediately. Further state-level contests, coalition negotiations, and any widening rifts within Pakatan Harapan or Barisan Nasional partners remain key catalysts that could accelerate or delay action before the constitutional deadline.