How will PH distribute the RM600 million cash dividend to Sarawakians?

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PH's Proposed Distribution of RM600 Million Cash Dividend to Sarawakians

Pakatan Harapan (PH) has pledged to distribute RM600 million in cash dividends to Sarawakians as part of a proposed 20% share of oil revenue from the state. This distribution is intended to reflect the principle that natural resources belong to the people, with the proceeds flowing back to them. While the exact mechanism for distributing these funds is still to be determined, the proposal outlines two potential avenues: direct cash payouts to targeted recipients, particularly those in the B40 income group, or the establishment of a sovereign wealth fund.
Direct Cash Dividends to Targeted Recipients

A primary proposal for the RM600 million dividend involves direct cash payments. PH intends for these funds to benefit the state's residents, with a specific focus on individuals in the B40 income bracket. This approach aims to ensure that a portion of the oil revenue directly supports those most in need within Sarawak.
Establishment of a Sovereign Wealth Fund

Alternatively, the dividends could be channelled into establishing a sovereign wealth fund. This fund would be designed to ensure that all residents of Sarawak have a stake in the state's oil resources. The exact structure and management of such a fund, including how residents would share in its benefits, are elements that would be worked out at a later stage.
Timeline for Payouts

PH has guaranteed that, should they win the general election, 10% of the royalty revenues will be paid out to the people within one year. This commitment underscores the urgency with which they intend to implement the distribution of these oil revenues to the state's population. The overall 20% revenue share is estimated to amount to RM6 billion at prevailing oil prices.

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How will PH distribute the RM600 million cash dividend to Sarawakians?

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