New Johor Rail Link Poses US$815M Challenge for Singapore's Retail and F&B

A new study predicts Singapore's consumer spending in Malaysia's Johor state will increase by S$1.05 billion (US$815 million) annually following the opening of a cross-border rail link, posing a challenge for Singapore's retail and F&B sectors.

16 Jul, 09:31 — 16 Jul, 09:31

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SCMPMostly Factual49d ago

New Johor rail link: a US$815m challenge for Singapore’s retail and F&B

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 that will connect both sides in minutes, a new study by business associations has found. The study, released on Thursday by the Singapore Business Federation (SBF), the Restaurant Association of Singapore (RAS) and the Singapore Retailers Association (SRA), comes amid concerns from local establishments about cash outflows t...

By Jean Iau

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New Johor Rail Link Poses US$815M Challenge for Singapore's Retail and F&B

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New Johor rail link: a US$815m challenge for Singapore’s retail and F&B

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