Malaysia’s unilateral decision to scrap the HSR project has disappointed businesses on both sides of the Causeway. How much economic spin-off was really at stake? Is Singapore saving itself some money instead? Does it mean there is no need to hike the GST?

SINGAPORE (June 11): The formerly lush greens and golf buggies at Jurong Country Club have given way to mud tracks and excavators as the club’s sprawling grounds were being prepped to be part of the iconic high-speed rail project linking Singapore and Kuala Lumpur. Plans for the HSR have since been scrapped, or at least put on hold, as the recently installed Malaysian government railed against how much it would have cost the country. For Singapore’s part, however, some are lamenting the loss of business expansion opportunities and projected benefits to the economy in the longer term.

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