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THIS IS 1000% CCB. FUCK THEM OFF THIS COMING ERECTIONS:oIo:
YOG surpasses budget
By Jonathan Wong
THE budget for the inaugural Youth Olympic Games (YOG) has surpassed original estimates of US$75 million ($104 million) by more than three times.
The projected government spending for the 13-day Games in August will now be approximately $387 million.
This was revealed today by Mr Niam Chiang Meng, the Permanent Secretary for Community Development in a briefing at MCYS headquarters at Thomson Road regarding the Aug 14-26 Games.
He stressed however, that the benefits will still continue to outweigh the increased cost. Besides $260 million (or 70 per cent of the budget) worth of contracts that has been awarded to local companies, the YOG is also expected to attract about 40,000 foreign visitors, generating a $57 million boom in tourism receipts.
Also, the IOC has estimated that the YOG will be watched by a global audience of 1.5 billion, with the total international media value in excess of $86 million.
http://www.straitstimes.com/Breaking...ry_550268.html
<input id="gwProxy" type="hidden"><!--Session data--><input onclick="if(typeof(jsCall)=='function'){jsCall();}else{setTimeout('jsCall()',500);}" id="jsProxy" type="hidden">YOG surpasses budget
By Jonathan Wong
THE budget for the inaugural Youth Olympic Games (YOG) has surpassed original estimates of US$75 million ($104 million) by more than three times.
The projected government spending for the 13-day Games in August will now be approximately $387 million.
This was revealed today by Mr Niam Chiang Meng, the Permanent Secretary for Community Development in a briefing at MCYS headquarters at Thomson Road regarding the Aug 14-26 Games.
He stressed however, that the benefits will still continue to outweigh the increased cost. Besides $260 million (or 70 per cent of the budget) worth of contracts that has been awarded to local companies, the YOG is also expected to attract about 40,000 foreign visitors, generating a $57 million boom in tourism receipts.
Also, the IOC has estimated that the YOG will be watched by a global audience of 1.5 billion, with the total international media value in excess of $86 million.
http://www.straitstimes.com/Breaking...ry_550268.html