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

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.