Team members :
Celena Liau
Faridah
Evelyn Wong
Tay Hui Min
MinJeong

Singapore has hosted the F1 (Formula 1) race for 3 years and every year was a sellout. Since the day of being chosen to host the F1 race, it have place Singapore to being the limelight especially with the street circuit and cause an increase in the number of visitors, thus boost the economy.

With the increase in tourist spending in Singapore, no matter if it is to watch F1 race or just join in the fun by viewing the race from their hotels, it still benefits the economic growth of Singapore. As a result, F1 race helps to increase the economic as a whole. However, it did not really improve the standard of living in Singapore; the population income will not increase especially if they are not working in the F1 race. It only brings inconvenience to Singaporeans such as the road closure that leads to traffic congestion.

In addition, the F1 only promotes fossil fuel addiction and a doomed love affair with cars. Do we need this? Oil prices may have fallen in the past few months, but make no mistake that oil and gas companies around the world are struggling to find new reserves as well as having to deal with governments that are now exercising greater controls over their scarce resources. But right here is Singapore; we are actually promoting a sport that makes Singaporeans more addicted to fossil fuels at a time of growing energy insecurity and pollutions.

So now, should F1 race continue to be held in Singapore for the next few years? No, I think that Singapore should not host the F1 race, since we can see that the cons outweighs the pros. Unless Singapore decides to build a place that specialize to host this big F1 race event and also ensure that they uses environment friendly facilities and petrol.

What do you think?

Posted by Celena

Labels: Formula One

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With a global viewership of 500 million and a strong fan base worldwide, the F1 race is a world-class event that has help to inject buzz and vibrancy to Singapore and enhance our appeal as a top-of-mind destination. In addition,F1 is the third most-watched event in the world after the Olympics and the World Cup.

With such a powerful impact,no wonder it's a gain for Singapore economy.For instance hosting the F1 has helped Singapore to generate incremental tourism receipts.Increased visitorship, ranging from hotels, restaurants and airlines to retail and entertainment outlets.To round it up, F1 has mainly increases Singapore's profits.At the same time, the long-term benefit it has brought about is attracting tourists to our country.

Thus the question now is should Singapore host F1 again?Of course!Afterall hosting it has not only pumped in revenue but also make Singapore a favourite holiday destination.

Faridah

Labels: Formula One

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