The Sarawak state administration has officially requested that Putrajaya compute its yearly special grant as a fixed proportion of the revenue it generates locally, instead of using the existing lump-sum approach. In its formal letter to the federal Ministry of Finance, Premier Datuk Patinggi Abang Johari Tun Openg contended that linking the grant to the state’s own earnings would more accurately represent Sarawak’s contributions under the Malaysia Agreement 1963.

Under the plan, a mutually agreed percentage of all revenue sources—from oil and gas income to forestry and mining royalties—would underpin the special grant. According to Abang Johari, this method would ensure clearer, more consistent allocations and dispel any notion that Sarawak is disadvantaged under the current system.

He pointed out that although Sarawak already remits a large share of its resource-derived income to the federal treasury, the state is entitled to a fair, percentage-based return to address its development priorities. “Our aim is to uphold the spirit of MA63 by guaranteeing our citizens directly benefit from the revenues we help produce for Malaysia,” the Premier said.

With the submission now in Putrajaya’s hands, Sarawak anticipates a comprehensive reply from the Finance Ministry in the coming weeks. If given the green light, the revision would take effect in the next fiscal cycle, providing the state with a more reliable income source to fund infrastructure, education and healthcare initiatives.



📊 Miri Property Market Insight

The Miri property sector is on a consistent upswing, fueled by developments in infrastructure, activity in the oil and gas industry, population increases, and rising demand for rentals and resale homes.
Keeping abreast of current projects, pricing movements and regulatory changes enables buyers and investors to make well-informed choices.

💡 What This Means for Buyers & Investors

Homebuyers in Miri can choose from budget-friendly properties to upscale gated and guarded enclaves.
Investors may reap appealing rental returns in key locations like Marina, Permyjaya, Taman Tunku and downtown apartments.
Fresh project rollouts also present opportunities with early-bird rates and developer incentives.

🔗 Useful Resources



Note: This article is auto-collected from reputable news outlets. Content is provided for general information only. Always confirm project specifics, costs, and investment choices with authorised agents or official developers.

📈 Looking for Ways to Grow Your Savings?

After budgeting or planning your property expenses, explore smarter investing options like REITs and stocks for long-term growth.

📈 Start Trading Smarter with moomoo Malaysia →

(Sponsored — Trade REITs & stocks with professional tools)

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}