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. Academy of Sciences Malaysia (ASM) Special Interest Group on Full Economic Costing (SIGFEC) chairperson Prof Dr Shaliza Ibrahim said the approach would help institutions to identify indirect and hidden costs that are often not covered by research grants. She said recognising these costs would enable institutions to improve financial planning, optimise resources and diversify funding sources […]