Chances of getting the EP and processing times?

[risakuragi]

Hi, so I’m a 23 y.o Indonesian, graduated with Bachelor degree in big eight uni in Australia. I’ve recently signed a contract with a new company in SG with $3.6k salary. My concern is, because the company is relatively new (less than a year) and this is their first time ever of them to apply for an EP, will that lower my chances of getting the EP? Also, what would be the normal processing times and the main factor of approval/rejection by MoM?

All answers would be appreciated. Many thanks!