http://www.todayonline.com/singapore/singapore-f1-deal-extended-another-four-years
Singapore has extended F1 for another 4 years. Singapore government sees an economic value in the F1 event because it has a multiplier effect on SG such as boosting the hotel, retail and F&B businesses.
http://www.thestar.com.my/business/business-news/2017/09/30/malaysia-does-not-want-to-host-formula-one-even-if-it-was-given-free/
However, Malaysia doesn't want to host F1 despite having a proper race track. Malaysian government sees no entertainment value in the F1 event because there is no consumer gratification in sitting down to watch the F1 and also a huge cost involved in organising it.
Who is right? and What is right? Economic vs Entertainment value!
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