Culture

Singapore Grand Prix to remain on F1 calendar until 2021

Singapore Grand Prix to remain on F1 calendar until 2021”

The 2016 edition attracted about 219,000 spectators.

The announcement, prolonging the distinctive night race which has been dubbed F1's "crown jewel" and the "Monaco of the East", comes after neighbouring Malaysia chose to cancel its grand prix, citing rising costs.

"The Singapore Grand Prix is a signature Formula 1 race and therefore we are very pleased that it will continue to feature on the calendar for a further four years", Carey said.

Sunday's race, which was won by Lewis Hamilton, would otherwise have been the last in the city-state.

"We think in the next three to four years we can really take Formula One to a place that is good for all our partners and really adds a new level of excitement and new dimensions to the sport", he said. Calvin Harris, Ariana Grande and Seal are on the bill this year.

Organisers project that another 100,000 may visit this year's race.

Neighbouring Malaysia also hosts a Grand Prix but next month's race at Sepang is set to be the last.

"The F1 Singapore Grand Prix has generated significant benefits for our economy as well as the Formula 1 franchise", said Minister for Trade and Industry S Iswaran.

Singapore had previously been marked on the 2018 calendar as being subject to confirmation. "With its global viewership and media coverage, the race has reinforced Singapore image as a vibrant and innovative city to a wide worldwide audience".

Carey also spoke of "fair value", a comment that hinted at a sweetened deal for Singapore.

"Beyond that the tipping point comes down to a basic analysis of where is the value proposition, can we sustain this going forward and that's what a lot of the commercial terms were about".



Like this

loading...
loading...

Latest


21 September 2017
Girl, 8, dies in Melbourne hospital in flu outbreak
If you think you have the flu, or want more information on the flu and flu vaccinations, contact your trusted GP . WA figures show there's been 2655 confirmed cases of the flu since June - which is down on past year and 2015.

21 September 2017
Enjoy the benefits of hunting, fishing
Collectively, the nation's unique "user pays-public benefits" system brought in $64 million to fund conservation efforts in IL .

21 September 2017
Growth Analysis of Pier 1 Imports, Inc. (NYSE:PIR)
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

21 September 2017
AFL House evacuated after 'hoax' threat
AFL CEO Gill McLachlan was seen speaking with other staffers as he waited on the street for police to complete the safety checks. Dozens of staff returned to the building about 1.30pm. "Thanks for your interest and concern".

21 September 2017
Pentagon Confirms South Korea Actually Considering Nuclear Rearmament
Treasury Secretary Steven Mnuchin had said he would plan to impose financial sanctions against Chinese institutions if Beijing violates global embargo agreements.

21 September 2017
Cowen Inc. Acquires Shares of 162811 Atwood Oceanics, Inc. (NYSE:ATW)
According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $116.12 on company shares. Moreover, Nationwide Fund Advsr has 0% invested in Karyopharm Therapeutics Inc (NASDAQ:KPTI) for 20,496 shares.

21 September 2017
Celldex Therapeutics, Inc. (CLDX) Receives $8.08 Consensus Target Price from Analysts
Raymond James Financial Services Advisors boosted its stake in stocks of Celldex Therapeutics by 26.2% through out the 1st period. Zacks Investment Research lowered Celldex Therapeutics from a "buy" rating to a "sell" rating in a report on Monday, July 17th.

21 September 2017
Why David Lynch Rejected Nine Inch Nails' First 'Twin Peaks' Song Offering
I think someone must have made him feel bad about his Louisiana accent in 'Fire Walk With Me , ' but I think it's so lovely . At this point, it's unclear if Twin Peaks will ever be coming back for yet another series.

21 September 2017
Jordy Nelson (quad) returned to practice for Packers on Wednesday
Those guys will all work in either the rehab group and hopefully move to limited or start in limited and hopefully move to full. Favre, who threw five interceptions in that game, was sacked on the next play after order was restored, ending the game.

21 September 2017
Japan's central bank stands pat on monetary policy
The vote wasn't unanimous, though - it was 8-1 for maintaining a -0.1% interest rate on excess reserves, with new board member Goushi Kataoka as the sole dissenter.