THE COST AND BENEFIT STUDY AND PROJECTION OF privatization EFFECTIVENESS: THE CASE OF METROLOGY CORPORATION MALAYSIA SDN. BHD. (MCMSB)

  • Murni Izyan Hussain International Islamic University Malaysia
  • Mohamed Sulaiman World Academy of Islamic Management (WAIM)

Abstract

This study focuses on sustainability of legal metrology in Malaysia since its privatization in 2005 to Metrology Corporation Malaysia Sdn Bhd (MCMSB). The internality and externality factors of its sustainability have been identified. It has been concluded that MCMSB should remain as a private body due to fee contribution that makes it sustainable. In order to increase the efficiency of metrological activities, a certain degree of competition should be permitted but not excessive to preserve the stability of the industry, as well as ensuring adherence to Weights and Measures Act 1972.

Published
2021-03-14
How to Cite
HUSSAIN, Murni Izyan; SULAIMAN, Mohamed. THE COST AND BENEFIT STUDY AND PROJECTION OF privatization EFFECTIVENESS: THE CASE OF METROLOGY CORPORATION MALAYSIA SDN. BHD. (MCMSB). Journal of Islamic Management Studies, [S.l.], v. 3, n. 2, p. 30-50, mar. 2021. ISSN 2600-7126. Available at: <https://publications.waim.my/index.php/jims/article/view/176>. Date accessed: 09 may 2021.

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