Singapore dropping F1..... tips welcome formula E

[Mockngbrd]

when you sing the old song day in day out, who really listen? Novelty gone and it is not only too distruptive to business, it is also not environmentally friendly.

 

F1 the only way to sell Singapore? sound like a big joke.

this one consperm ppl will pay $$$$$ to go

 

 

[Fcw75]

I went to the ang moh one called AVN Expo in 2013 with my bro. It's in Las Vegas.

 

Let's just say it was an eye opener and people consperm will pay to go.

 

Took photo with Asa Akira.

[Blueray]

i thought there were additional tax on hotel during F1 period?

 

8.      What are the cess rates? Why are there different levels of contribution for different hotels?

The cess rates are 30% of the total gross room revenue for trackside tourist hotels, and 20% of the total gross room revenue for all other tourist hotels.

 

https://www.stb.gov.sg/industries/hotels/lists/industrynews/dispform.aspx?ID=2&AspxAutoDetectCookieSupport=1

 

Yes, there is. Its to part-defray the hosting costs. 

[Windwaver]

Ah, I like electric cars because they are friendly to the environment.

[inlinesix]

Ah, I like electric cars because they are friendly to the environment.

 

Where is the electric from?

 

Where is the battery from?

[RadX]

Germany too

 

Germany set to be dropped from 2017 F1 calendar

http://www.channelnewsasia.com/news/sport/germany-set-to-be-dropped-from-2017-f1-calendar/3317364.html

[The_Bear]

8. What are the cess rates? Why are there different levels of contribution for different hotels?

The cess rates are 30% of the total gross room revenue for trackside tourist hotels, and 20% of the total gross room revenue for all other tourist hotels.

https://www.stb.gov.sg/industries/hotels/lists/industrynews/dispform.aspx?ID=2&AspxAutoDetectCookieSupport=1

Yes, there is. Its to part-defray the hosting costs.

Is cess rate related to cesspool?

[Windwaver]

Where is the electric from?

 

Where is the battery from?

 

Aiya, what's important is what goes into our lungs.

[Blueray]

Is cess rate related to cesspool?

 

huh, what is cesspool ?

 

hotel cess was abolished some years back so I think this is the only cess left ?

 

Edited November 25, 2016 by Blueray

[Blueray]

Formula One failing in Southeast Asia

 

KUALA LUMPUR -- Malaysia will not extend its Formula One Grand Prix contract when it expires in 2018 because of poor financial returns on the 300 million ringgit ($68 million) it costs annually, a minister said on Monday.

 

Bernama, the state news agency, quoted Nazri Asiz, the minister of tourism and culture, saying that attendance had fallen off in recent years due to declining public interest. Press reports said that only just over half the tickets for F1 races had sold in recent years and TV audiences have slipped considerably.

 

 

Nazri also noted Malaysia's failure to produce any "quality F1 drivers" over the past two decades.

 

 

A month earlier, Khairy Jamaluddin, the minister of youth and sports, said on Twitter that Malaysia should stop hosting F1 "at least for a while" because of its exorbitant cost and weak revenue.

 

Malaysia began hosting F1 in 1999 at the Sepang International Circuit, south of Kuala Lumpur.

 

Petronas, the state oil company, has been a major sponsor of both the event and the U.K.-based Mercedes AMG Petronas Formula One Team. Although it has posted improved profits recently, the general outlook in the energy sector remains grim with Brent crude oil falling below $50 per barrel again in October.

 

Motor racing's future is also in the balance in neighboring Singapore, where the current F1 contract is due to expire next year. Bernie Ecclestone, chief executive of Formula One Group, told The Straits Times that negotiations are ongoing and "will be sorted out" by end of the year, but also told a German autosport magazine earlier that Singapore no longer wants to host F1.

 

Singapore came to Grand Prix racing in 2008, and it costs about $105 million annually, of which 60% is paid by the government. Attendance this year in September was down to 73,000 spectators, a 16% drop compared to 2015.

 

Singapore and Malaysia are among 21 countries that host F1, and the only ones in Southeast Asia, so the region seems likely to be left without a Grand Prix event in two years. The 5.5km Sepang International Circuit has, however, recently been resurfaced and will continue to host MotoGP motorcycle races after extending its contract for five years in October.

 

According to the provisional calendar for 2017 released by the Federation Internationale de l'Automobile (FIA), the sport's governing body, Australia's Melbourne, China's Shanghai, and Japan's Suzuka are the other venues in Asia-Pacific.

 

http://asia.nikkei.com/Business/Trends/Formula-One-failing-in-Southeast-Asia

[Wt_know]

msia host $68M

spore host $105M

for 5 years spore has spent extra $200M?

[Count-Bracula]

I support 100 percent.

 

Street circuits are boring anyway. Use the money to build a proper road course. It doesn't have to be F1 standard, we can host lower spec events and give space for locals to track and race also.

ya man, let us take a spin on it when available 

[SalGlathcot]

Welcome to the forum Sounds like a good business for our ladies and gentlemen Hellcat's.

[Jack08]

Thank for sharing the news!

[DACH]

@RadX