Singapore still interested in hosting Formula One

Only if the terms and conditions are right, says tourism chief.

According to a report from Bloomberg, Singapore is still interested in hosting the Formula One race if the terms are right, and discussions on keeping the event in the Southeast Asian nation are under way, according to the Singapore Tourism Board.

"I think the event is still a good one and I think it’s something we’re interested to look at provided the terms and conditions are right," Lionel Yeo, chief executive officer at Singapore Tourism Board, told Bloomberg Television’s Haslinda Amin Tuesday, when asked if hosting the event makes sense. “The discussions are still ongoing."

Then-Formula One head honcho Bernie Ecclestone suggested the Singapore Grand Prix wouldn’t be extended when the five-year deal expires this year, Today newspaper reported in November, citing an interview with German magazine Auto Motor Und Sport. The F1 has since been taken over by Liberty Media Corp.

Read more here.