- Encourage Singaporeans to spend locally
As the Government already supports the local economy and retailers through the CDC voucher scheme, the call is to expand the eligibility and quantum of these vouchers to include more businesses affected by outbound spend, such as pharmacies, convenience stores and F&B operators.
- Get tourists to stay longer and spend more
SBFâs chief policy and operating officer Musa Fazal said the east of Singapore âbenefits a little more than the other regionsâ, partly because it is anchored by Jewel and Changi Airport.Â
âHow can we decentralise some of this? We think the Northern Gateway, for example, offers a significant opportunity to capture some of this RTS Link-enabled spending,â he said, referring to Woodlands and the northern part of Singapore.
- Ease pressure on retailers and F&B operators
Labour and cost pressures are a perennial concern for business owners. To support them through the period when the RTS Link opens, the study recommends greater flexibility in foreign manpower policies, alongside targeted, time-bound manpower support such as S Pass levy reliefs and wage support.