Today there was a news item that reminded that the govmin was studying the economic benefits of the F1 race before deciding on whether to proceed with more races after the present contract expires.
This reminded me of my initial reaction when the annc was first made a few months back: “Waz this? Could all the reports from SPH and Mediacorp abt all the benefits of the F1 races be nothing but spin and rubbish?’
There was nothing in the media reports abt anything other than that F1 was a success economically for S’pore. Surely the “thorough” study means that things were not as was reported.
SPH as a listco, pls remember that future profits partly depend on whether S’poreans can believe yr reporting on non-political issues. The Internet means that the quasi-monopoly that SPH enjoys, gets eroded.