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Singapore focuses on return on investment as city’s Covid-19 recovery plan gathers pace

Covid-19 has decimated the events sector to such an extent that, even in Singapore – where the number of deaths has been extremely small – the short-term impact has been enormous. With Singapore entering the second phase of its reopening plan on June 19, against the backdrop of an official death toll that only sits in double figures, despite more than 40,000 confirmed cases as of June 15, the city-state is allowing most activities to resume. However, while the one-metre social distancing rule will allow sports venues to open their doors, Singapore’s biggest annual sporting event, its Formula 1 Grand Prix, has become a casualty of the 2020 turbulence. F1 confirmed on June 12 that the famous day-night race, scheduled to take place on September 20, would not be going ahead due to continuing nationwide restrictions on construction and business activities. Specifically, F1 cited the long lead time required to build a street circuit as making it “impossible” to host the race during such a “period of uncertainty”. It is a serious blow for the city-state.

Read more at:
https://www.sportbusiness.com/2020/06/singapore-focuses-on-return-on-investment-as-citys-covid-19-recovery-plan-gathers-pace/

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