Economic and Other Benefits of Hosting F1 Singapore Grand Prix Beyond 2021

Debated in Parliament on 7 Oct 2019.

Summary written by AI (learn more)

Mr Liang Eng Hwa asked about the economic and other benefits of hosting the F1 Singapore Grand Prix and whether these benefits continue beyond 2021.
Between 2008 and 2018, the event attracted over 490,000 international visitors, generating more than S$1.4 billion in tourism receipts and benefiting local businesses.
The Grand Prix has been broadcast to a global audience of over 840 million viewers, enhancing Singapore's international visibility.
The government will evaluate the costs versus benefits to decide on continuing the event beyond 2021.
The debate focused on assessing both tangible economic impacts and intangible benefits like global exposure for future considerations.

Questions identified by AI (learn more)

Full Transcript

Liang Eng Hwa

Mr Liang Eng Hwa asked the Minister for Trade and Industry what are the economic and other benefits of hosting the F1 Singapore Grand Prix and whether there are continuing benefits for Singapore to host the race beyond 2021.

Chan Chun Sing

Between 2008 and 2018, more than 490,000 international visitors have attended the Formula One Singapore Grand Prix, contributing more than S$1.4 billion in tourism receipts and benefiting local businesses. The event has also been broadcast to a global audience of more than 840 million viewers.

We will assess the costs versus the benefits of our options, to decide whether to continue having F1 in Singapore beyond 2021.

Summary written by AI (learn more)

Mr Liang Eng Hwa asked about the economic and other benefits of hosting the F1 Singapore Grand Prix and whether these benefits continue beyond 2021.
Between 2008 and 2018, the event attracted over 490,000 international visitors, generating more than S$1.4 billion in tourism receipts and benefiting local businesses.
The Grand Prix has been broadcast to a global audience of over 840 million viewers, enhancing Singapore's international visibility.
The government will evaluate the costs versus benefits to decide on continuing the event beyond 2021.
The debate focused on assessing both tangible economic impacts and intangible benefits like global exposure for future considerations.

Questions identified by AI (learn more)

Economic and Other Benefits of Hosting F1 Singapore Grand Prix Beyond 2021 | PAPERCUTS

Economic and Other Benefits of Hosting F1 Singapore Grand Prix Beyond 2021

Debated in Parliament on 7 Oct 2019.

Summary written by AI (learn more)

Mr Liang Eng Hwa asked about the economic and other benefits of hosting the F1 Singapore Grand Prix and whether these benefits continue beyond 2021.
Between 2008 and 2018, the event attracted over 490,000 international visitors, generating more than S$1.4 billion in tourism receipts and benefiting local businesses.
The Grand Prix has been broadcast to a global audience of over 840 million viewers, enhancing Singapore's international visibility.
The government will evaluate the costs versus benefits to decide on continuing the event beyond 2021.
The debate focused on assessing both tangible economic impacts and intangible benefits like global exposure for future considerations.

Questions identified by AI (learn more)

Full Transcript

Liang Eng Hwa

Chan Chun Sing

We will assess the costs versus the benefits of our options, to decide whether to continue having F1 in Singapore beyond 2021.

Summary written by AI (learn more)

Mr Liang Eng Hwa asked about the economic and other benefits of hosting the F1 Singapore Grand Prix and whether these benefits continue beyond 2021.
Between 2008 and 2018, the event attracted over 490,000 international visitors, generating more than S$1.4 billion in tourism receipts and benefiting local businesses.
The Grand Prix has been broadcast to a global audience of over 840 million viewers, enhancing Singapore's international visibility.
The government will evaluate the costs versus benefits to decide on continuing the event beyond 2021.
The debate focused on assessing both tangible economic impacts and intangible benefits like global exposure for future considerations.

Questions identified by AI (learn more)

Economic and Other Benefits of Hosting F1 Singapore Grand Prix Beyond 2021

Summary

Questions Identified

Full Transcript

Liang Eng Hwa

Chan Chun Sing

Summary

Questions Identified

Economic and Other Benefits of Hosting F1 Singapore Grand Prix Beyond 2021

Summary

Questions Identified

Full Transcript

Liang Eng Hwa

Chan Chun Sing

Summary

Questions Identified