
A study by three Singapore business associations predicts that consumer spending from Singapore in Malaysia's Johor state will increase by S$1.05 billion annually after a new cross-border rail link opens. The rail link will connect both sides in minutes. Local Singapore retail and food and beverage establishments have expressed concerns about cash outflows to Johor.
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Projected S$1.05 billion increase in Singaporean spending in Johor
The study was released by the Singapore Business Federation (SBF), the Restaurant Association of Singapore (RAS) and the Singapore Retailers Association (SRA).
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Singapore consumer spending in Malaysia's Johor state is expected to increase by S$1.05 billion (US$815 million) annually following the opening of a cross-border rail link.
PredictionSingapore consumer spending in Malaysia’s Johor state is expected to increase by S$1.05 billion (US$815 million) annually following the opening of a cross-border rail link that will connect both sides in minutes, a new study by business associations has found.
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Singapore consumer spending in Malaysia's Johor state is expected to increase by S$1.05 billion (US$815 million) annually following the opening of a cross-border rail link.
PredictionLocal establishments have concerns about cash outflows to Johor.
OpinionThe study was released by the Singapore Business Federation (SBF), the Restaurant Association of Singapore (RAS) and the Singapore Retailers Association (SRA).
South China Morning Post