‘When the train opens, we’re doomed’ — Singapore businesses face pressure to reinvent their strategy as Johor Bahru will be just 5 minutes away via JB-SG RTS Link soon
The RTS Link will bring tougher competition, but analysts say SG businesses can adapt through better service, stronger brands and new ideas This article ( ‘When the train opens, we’re doomed’ — Singapore businesses face pressure to reinvent their strategy as Johor Bahru will be just 5 minutes away via JB-SG RTS Link soon ) first appeared on The Independent Singapore News .
Singapore businesses face mounting pressure as the impending JB-SG RTS Link will drastically reduce travel time to Johor Bahru from just five minutes. This will likely cause a net loss of S$290 million annually for Singapore in outbound spending. Groceries, drugstores, food and beauty businesses are particularly vulnerable to increased cross-border shopping.
Small retailers are already feeling the impact of lower prices across the Causeway and are concerned about future growth prospects. The study suggests implementing various support measures, such as expanded vouchers, manpower levy relief, and wage support, to help businesses adapt and find new ways to compete.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
