Singapore media extracts
Ms Anna Quek has put forth a very reasonable request in ST Forum, she stated that Singapore F1 should show more transparency in its Cost-benefit analysis.
Many points she raised in her letter to the forum page are valid, and Singaporeans have the right to know more, for the huge amount of money (public funding) spent.
Too much hype and unclear projections.
Such event only meant for the motoring enthusiasts with no real benefits to overall economy…
Some say the F1 shapes the way investors look at Singapore … Based on a few CEOs comments, that they moved their regional HQ to the Lion City. This is a very “loose” way of fixing an answer to a more complex issue. Key business decisions don’t base on whether a country (or location) runs F1 races, but it is based on political, travel hub & economic considerations.
The two IRs are more realistic “investments” for Singapore’s tourism trades.