The Johor Bahru-Singapore RTS Link is still months away from launching, but it's already raising big questions for businesses on both sides of the Causeway. A new study estimates Singaporeans could spend more than S$1 billion extra in Johor Bahru every year once the rail link opens in 2027, with spending flowing out of Singapore expected to far exceed what Malaysian visitors spend here.

Will cheaper shopping, dining and entertainment in JB lure even more Singaporeans across the border? What does this mean for Singapore's retailers, F&B operators and the wider economy? 

On The Big Story, Hongbin Jeong speaks with Terence Fan, Assistant Professor of Strategic Management & Entrepreneurship at Singapore Management University, to find out more.