Singapore hopes downtown Formula 1 race will bolster its tourism industry

Taipei Times, 29 Sep 2008, DPA

Singapore is counting on the acclaim emanating from the first Grand Prix under lights to brighten the gloom hovering over its tourism industry.

With 40,000 overseas visitors on shopping sprees, many sporting team T-shirts and caps, Orchard Road retailers were basking in a three-day bonanza from Friday through yesterday.

In contrast, managers of other shopping centers near roads blocked off for the race stared down almost empty aisles.

Assurances of intangible benefits to the city-state brought little consolation.

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