GLCs made to sweep up F1 tickets; $$$ Go to OBAss?

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Coffeeshop Chit Chat - GLCs made to sweep up F1 tickets</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>teh_si <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>7:14 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>21473.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>With private sector companies like OCBC discontinuing their F1 hospitality for their clients this year, GLCs like DBS and Capitaland are made to buy up the paddock club and other tickets to 'reward their deserving staff'.
It makes the organisers including the government look good, but the money ultimately goes to Ong Beng Seng.
The government is picking up the tab for 60% of the estimated $150 million cost each year, but the profit goes to Ong's Singapore GP Pte Ltd
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