SINGAPORE, Sept 23 — Corporate invitations to this year's Formula One race in Singapore have slowed down amid the recession.Last year, tickets for hospitality suites and grandstand seats were distributed freely by numerous corporate sponsors. Fuelling the generosity was the hype surrounding the republic's inaugural Grand Prix as well as the novelty of a night race.
This year, that generosity seems to have virtually disappeared because of the financial turmoil. The motor-related companies and banks which had F1 programmes in 2008 have scaled back or completely cut down on such activities.
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