Political impasse after Malaysia GE15 risks delaying national budget, causes divisions in society: Experts

Singapore Management University’s assistant professor of political science Sebastian Dettman said that in the short term, the markets have reacted to Malaysia’s political instability, adding to its economic uncertainty.

However, once the government is eventually formed, it would have enough of a support base for it to have legitimacy and bring stability, Dr Dettman told CNA’s Asia Now.

He also noted that the political gridlock has “raised a lot of questions about racial violence and racial issues” in Malaysia, with incendiary content appearing on social media platforms such as TikTok after the election.

For example, Malaysian social media users have reported a slew of posts on the short video platform that mentioned a deadly race riot in Kuala Lumpur on May 13, 1969.

“There are worries that perhaps this further instability could lead to some level of unrest,” said Dr Dettman.

The lack of a simple majority by either PH or PN, is due to the BN withholding its support for either, instead choosing to remain as the opposition force moving forward.

“I think BN is trying to be as safe as possible. They're trying not to agitate their own supporter base,” said Mr Halmie, adding that the coalition is pushing the decision of who eventually forms the government to the king.