Showing posts with label Singapore Exchange. Show all posts
Showing posts with label Singapore Exchange. Show all posts

Tuesday, 15 September 2015

Haze No Change to Singapore GP


There are no plans to amend the racing programme for the Singapore Grand Prix, event organisers have announced.

A cloud of haze caused by farmers in neighbouring Indonesia has been hanging over the city state.

"It is currently not possible to reliably predict what the pollution level might be as it changes hour to hour," said a statement. 

The haze level was rated as 'unhealthy' at 17:00 BST on Tuesday, a drop from 'very unhealthy' levels on Monday.

Singapore is often shrouded by haze at this time of year owing to forests being burned to clear land for agriculture.

Race organisers said on Tuesday they would make masks available at cost price for people attending the race, while medical and first aid posts are on standby to deal with any haze-related conditions.

The statement added that organisers will "work closely with all the relevant government authorities to receive the best possible forecasts when they are available".

A number of local sports events in Singapore were cancelled last weekend due to health concerns.

Haze concerns are nothing new to F1, with the Chinese Grand Prix in Shanghai routinely affected by concerns over air quality.

In 2013, the final practice session for the Indian Grand Prix was delayed by 20 minutes due to pollution causing such poor visibility it meant the medical helicopter was unable to take off.

The floodlit night race around Singapore's Marina Bay street circuit is the 13th round of the 2015 season.

World champion Lewis Hamilton goes into the race with a commanding 53-point lead over Mercedes team-mate Nico Rosberg in the drivers' standings.

Sunday, 21 July 2013

Ecclestone Not Going Anywhere

Getty Images
Bernie Ecclestone says he has no immediate intention to retire as Formula 1 boss, suggesting he may continue for around three more years.

Ecclestone, who turns 82 on Sunday, has controlled the commercial aspects of the sport for more than 30 years.

"Eventually I'm going to go, one way or another," Ecclestone told BBC Sport.

"But as long as I feel I can deliver, and the shareholders are happy for that to happen, I will stay. When I can't I'll give them plenty of notice."

After it was announced in May that F1 was to float on the Singapore stock exchange, Ecclestone's future would inevitably have been a key consideration for potential investors.

Having been at the helm for 17 years, the stability of his continued leadership could prompt greater interest in the IPO (initial public offering, where shares are sold to the public for the first time).

But the IPO prospectus mentioned that recruitment experts would be employed to identify Ecclestone's eventual successor, implying his reign may be drawing to a close.

Although the flotation was delayed by weak market conditions Ecclestone hopes it will take place in 2013 but the Englishman insists stepping aside is not on the agenda.

"When we decided we're going to get an IPO, the obvious thing was 'well, what's going to happen about Bernie?'" said Ecclestone.

"So we put in the prospectus that we're going to find a head-hunter to try and find someone. That was a couple of years ago.

"But as long as I feel I can deliver - and they're happy for that to happen - I will stay.

"I will tell CVC [F1 owners] exactly if I'm going to turn it in when I'm 85 or something like that, which will give them plenty of notice."


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