SM Faliq SM Nasimuddin of Naza TTDI says the government should introduce more regulation to address oversupply. I disagree.
The government needs to be highly efficient to introduce even more regulation for development projects. It can lead to protectionism, nepotism, more red tape, and a royal mess. The consumer will most probably bear the brunt of such misadventures.
The government should keep their hands out of the market except in a few circumstances and this is not one of the exceptions. My comments in the video below.
What do you think?