Yes, it simply takes too long. I assume it could be either they are waiting for some institutions, maybe the ADB, to update them with the scholarship decision, or they have plotted the quota for each country and we are on the waiting list--the accepted ones might have given their answers, but maybe the NUS still reserves some applicants (maybe one or two) just in case if someone decided to cancel the offer along the way. Anyhow, we have a bigger chance if it's the first reason, and some slim chance if it's the latter.