The Singapore Grand Prix has a direct spillover effect for a wide range of industries – from tourism-related sectors such as food and beverage, hospitality and retail to auxiliary services such as logistics and event management.
The authority announced on Thursday (Sept 21) that SG HSR Pte Ltd – a wholly-owned subsidiary of the LTA – will be Singapore's infrastructure company for the project.
A parallel car importer was on Thursday (Sept 21) jailed for eight weeks and ordered to pay a shortfall in tax of $1.7 million for giving incorrect information on the open market value of vehicles imported.