25 Sep '11, 9am

Singapore will not rush into F1 contract decision: Iswaran

Singapore will not rush into F1 contract decision: Iswaran

Singapore will not rush into a decision to extend its Formula One race beyond its current contract, Second Minister for Trade and Industry and Home Affairs S. Iswaran said on Sunday. -- PHOTO: AP By Terrence Voon Singapore will not rush into a decision to extend its Formula One race beyond its current contract, Second Minister for Trade and Industry and Home Affairs S. Iswaran said on Sunday. A decision is expected before next year's race, he said, though the Republic will be 'deliberate and measured' in its discussions with the Formula One administration, F1's commercial rights holders. Singapore has a five-year contract to host the night race until 2012, and an option to extend it by another five. Should it decide not to extend the contract, it will have to serve notice by hosting another two races, until 2014. While glittering TV images of the Marina Bay street race hav...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-3...

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