The research landscape of Malaysia has undergone and continues to undergo massive transformation. The establishment of the five research universities, the formation of the National Science and Research Council (NSRC), and of course the establishment of the National Science Council (NSC), are important milestones in our march towards harnessing the power of science for national development and progress. At the same time, on-going initiatives are proceeding smoothly, which include the milestone Public Research Asset (PRA) study conducted by the NSRC which among others proposed the enhancement and rationalization of research management and governance through the formation of the Research Management Agency. This proposal has been accepted by the Government and is included in the current 11th Malaysian Plan