Seri Tanjung Pinang: Less than four weeks is all it took for DOE approval

14 March 2014 was the closing date for submission of feedback on the draft Detailed Environmental Impact Assessment for Phase 2 of the Seri Tanjung Pinang project, involving 891 acres of land reclamation. According to E&O, the DOE issued its approval letter on 10 April. That is super quick – less than four weeks.

It takes much longer to approve a building plan. In some cases, it takes longer to get a licence to operate hawker stalls.

But for Big Business …

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South-East Asian property market carries growing risks

Among other things, this Oxford Analytica report (link above) says:

South-east Asian banks will be tested as the eventual end of quantitative easing affects local currencies, capital flows, financial asset prices, borrowing costs and repayment capabilities of corporate and household borrowers. A rise in interest rates and cost of borrowing could prompt a surge in bad loans. (more…)

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