KUALA LUMPUR, Oct 27 (Bernama) -- Adopting Full Economic Costing (FEC) could help Malaysia build a more sustainable research and development (R&D) ecosystem by enabling universities and research institutions to determine the full cost of conducting research and plan their funding needs more effectively.
General : Full Economic Costing Can Strengthen Malaysiaâs R&D Funding Sustainability
ASM, FEC, research funding, R&D, sustainability,
BE Bernama 
Key takeaways
Adopting Full Economic Costing can help Malaysia build a sustainable R&D ecosystem by identifying hidden research costs.
- FEC helps institutions recognize indirect and hidden research costs.
- It improves financial planning and resource optimization for research activities.
- The approach aims to make R&D funding more sustainable and transparent.
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