F1 road close cause massive $$$ lost

[darememore]

many people reported late, job not done within time, late for meeting, late for this and late for that...All this incoveniences, how much is lost???

 

[Aussie Pete]

many people reported late, job not done within time, late for meeting, late for this and late for that...All this incoveniences, how much is lost???

More to the point - how much is gained?? This is a huge international opportunity for SG. It cannot be underestimated... will put SG on the world map. Seriously... this should not be a time for negativity.

 

[blackmore]

And our pee a pee preach of good business opportunity for all sectors for the F1. With the city locked down just for the preparations, literally all business is at a standstill for this whole week. All the inconviences , who suffers really ?

 

[The_Latest_H]

More to the point - how much is gained?? This is a huge international opportunity for SG. It cannot be underestimated... will put SG on the world map. Seriously... this should not be a time for negativity.

I must say this: anything that depends on the flow of the tourists, especially at a time of economical recession, is not entirely stable. A country cannot use F1 and the casino as their first resort of economical policy; it can be part of it, but it cannot be the the whole sum of it.

My argument is that since the PAP has made it into their first resort, and have staked much into this economical argument that more tourists will come, at a difficult time such as this, and when middle-class tourists form the majority of visitors, it comes as highly risky.

I mean, if anyone wants to gamble their spare money in the stock exchange or commodities markets, or even in Macau, go ahead if one feels like it. But when it comes to taxpayers money, and when money could be used for public infrastructure, such as roads, internet broadband hi-speed networks, and in education, its terribly unadvisable to invest billions, and merely get tens of millions in return.

Forget about the future, when we spend recklessly on something that gives us little returns, other than 15 minutes of fame. I mean, do the state government or the US federal government helped to build the Daytona race track and grandstand? I wouldn't be surprised if companies from the private sector in America had to sponsor the costs as well- if not 99% of it.

 

[i_am_belle]

was at bt batok ard 7.45pm ... and saw FOUR #61 buses arrive at the bus-stop at the same time !!

wonder what caused the delay - geylang serai ramadan night bazaars, or F1 road closures, or both ...

#61 comes from eunos, passes geylang, north bridge rd, chinatown ... on to holland V & then to bt batok interchange ... basically a 'tour bus' that takes u around singapore island on a tedious meandering route (to cut costs ofcos) ... :(

 

[Aussie Pete]

I must say this: anything that depends on the flow of the tourists, especially at a time of economical recession, is not entirely stable. A country cannot use F1 and the casino as their first resort of economical policy; it can be part of it, but it cannot be the the whole sum of it.

My argument is that since the PAP has made it into their first resort, and have staked much into this economical argument that more tourists will come, at a difficult time such as this, and when middle-class tourists form the majority of visitors, it comes as highly risky.

I mean, if anyone wants to gamble their spare money in the stock exchange or commodities markets, or even in Macau, go ahead if one feels like it. But when it comes to taxpayers money, and when money could be used for public infrastructure, such as roads, internet broadband hi-speed networks, and in education, its terribly unadvisable to invest billions, and merely get tens of millions in return.

Forget about the future, when we spend recklessly on something that gives us little returns, other than 15 minutes of fame. I mean, do the state government or the US federal government helped to build the Daytona race track and grandstand? I wouldn't be surprised if companies from the private sector in America had to sponsor the costs as well- if not 99% of it.

15-min of fame? You really think this is all that will be gained? You think that all other host cities of the F1 around the world have this attitude or belief? Wow, this is the craziest thing I've heard about the SG F1 yet. It is time that the eyes are opened and blinkers removed... think broader...

(and most F1 street events are not privately funded)

 

[NobleEagle]

All these gains is more to the garment, u must compare the percentage of gain to the garment vs the percentage of gain to the public and how is spent by the garment vs their gain

well probably the hotel, transportation n food business stands to gain from all this only

 

[Areopagus]

You are quite right. Everyone in the world now knows about the great city of Sepang thanks to F1! The gains are incredible and worth a few whining shopkeepers losing their business

 

[BlueCat]

so where is all the money that going to be generated as claim by the government.
so far 3 out 15 hotels in the areas said only have 90 percent occupancy.

 

[Hope]

whwre is Sepang,must be in Au,I believe mnear to Melbourne where I stayed for 5 years.

Wow,such famous place.I am beri stupid not to know,hor?

 

[monktian]

so where is all the money that going to be generated as claim by the government.
so far 3 out 15 hotels in the areas said only have 90 percent occupancy.

Does anyone know the occupancy rate of JBs' hotels?

 

[The_Latest_H]

15-min of fame? You really think this is all that will be gained? You think that all other host cities of the F1 around the world have this attitude or belief? Wow, this is the craziest thing I've heard about the SG F1 yet. It is time that the eyes are opened and blinkers removed... think broader...

(and most F1 street events are not privately funded)

Dude, when it comes to taxpayer money, it must be spent with prudence and caution. As I said, F1 and casino cannot be the main economical policy; it probably can form part of what is the broader goal, but it cannot encompass the entire thing.

I'd rather spend billions on improving the communication cable for telephone lines and for the internet hi-speed broadband network, and know that it will pay for itself through increase in commerce, from both the business sector and the consumer sector.

But throwing billions in what may only return tens of millions is a bad investment decision. And plus its only for a few days. What benefit is that?

After all, Malaysia has consistently lost money in F1 because their returns have not been enough to cover the billions spent in expenses. Do we need to have such a black hole for financial wastage?

 

[gravure]

While the F1 is indeed a huge black hole that will suck in billions of dollars of tax payer money, we have to do it. Singapore can not remain as a manufacturing or Regional HQ hub anymore. The next phase is to be a global city like HK.

The F1 is one of the methods to bring attention to Singapore. We have not much else that differs from any other city in Asia, so if we dont do it, we will be swallowed up.

If the F1 and the Casinos can not save Singapore, there is no other hope. Prepare to accept Anwar as our PM.

 

[Zombie]

The F1 is one of the methods to bring attention to Singapore.

Can get a few spgs and dance naked in the parliament mah.

F1 to bring attention, is a bad excuse.

 

[Agoraphobic]

More to the point - how much is gained?? This is a huge international opportunity for SG. It cannot be underestimated... will put SG on the world map. Seriously... this should not be a time for negativity.

How much is gained? Depends on what's considered.

The average S'porean isn't exactly thilled by this event, or at least the way it's done. It is hyped up like crazy. Singapore doesn't need an international opportunity in this manner - because Singapore IS an international opportunity. Singapore does not need to be put on the map by Bernie, the Far East India Company already did that. Every Commonwealth member citizen who's paid attention at history knows who called Singapore "The Gibraltar of The East." Outside of biz, there are lots of motor racing fans in Singapore - and most of them, if not all, would rather a proper circuit be built. And with the required lighting too if needed.

The view you commented on is not negative, it's rational. A lot of people and businesses have been inconvenienced. All for the sake of glitz.

 

[troubledtimes]

Aussie Pete, for heavens sake, STOP reading the States Times! The mind is a terrible thing to waste!

 

[The_Latest_H]

While the F1 is indeed a huge black hole that will suck in billions of dollars of tax payer money, we have to do it. Singapore can not remain as a manufacturing or Regional HQ hub anymore. The next phase is to be a global city like HK.

The F1 is one of the methods to bring attention to Singapore. We have not much else that differs from any other city in Asia, so if we dont do it, we will be swallowed up.

If the F1 and the Casinos can not save Singapore, there is no other hope. Prepare to accept Anwar as our PM.

I thought we are one of the most prominent business cities around the world? What happened to it, eh?

I mean, if the government opens up the private sector, puts in more investment into people, public infrastructure, public services like public transport, and in R& D, business people and ordinary citizens will benefit more, and in turn will tell their friends on how good Singapore is for both FDI and local companies, and entrepreneurship.

What happened to that man? I mean, does Google use banner ads on Yahoo to promote Google?

In the end, while style has some matter in tourism, substance matters most for a business city like Singapore. Our strength has always been in business; and so, to open up the market, putting in public investments on infrastructure and policies will help pay the costs for itself where there's more commerce between businesses themselves and to the consumers, locally and also overseas.

That's our strength; that's our substance. We should make ourselves better at our own strength and focus on it, rather than be a jack of all trades, and master at none.

 

[troubledtimes]

PAP are idiots, they should close down temesek and free all their monopolies. STOP interfering with small businesses by suka suka licencing everything and let the free market reign. Let the local SME develop the local market, and PAP to stop having so many fingers in the pie! Most MP'S are already earning a stupid amount as an MP, why the hell do they still need to be directors in GLC's that only strangles the economy?!

 

[Agoraphobic]

Aussie Pete, for heavens sake, STOP reading the States Times! The mind is a terrible thing to waste!

Read? He sounds like the Editor!

Cheers!

 

[giggity_shit]

We all know that the F1 is for the ultra rich and famous. The average seng in singapore will probably only enjoy placing bets at singpools and get a kick of seeing familiar local landmarks throughout the circuit.

Unforunate that the Government did not take the opportunity to allow the less fortunate taste a bit of this high life.