In the case of timber production, the RIL option could generate the present
value of resource rents of RM13.9 million (Table 10). These rents are distributed
between the two stakeholders: (i) state governments, as trustee of natural resources;
and (ii) the logging companies, as the contractors undertaking the business risk.
Which parties or stakeholders capture the higher proportions of the resource rent
depends on whether or not a tender system of allocating logging licenses is adopted.