OPINION: Formula one revs up Singapore's businesses and economy - Puneet Pal Singh

BBC News, 22 Sep 2011
Its just not the businesses that are benefiting. The government's investment into bringing Formula One to Singapore is paying off as well.
According to initial estimates, the cost of hosting the Grand Prix is 150m Singapore dollars ($115m; £75m) per year. As much as 60% of that is being invested by the Singapore government through the Singapore Tourism Board (STB) in a bid to attract more visitors to the island nation. Full story

Related:
Singapore reaping the rewards that F1 brings - The F1 Times
Singapore’s F1 Excitement Rubs Off on the Economy - CNBC.com