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New Cost for Malaysia Formula-1



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May 23 2007
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Now, what on earth is happening to the Malaysia minister and top officials? After my recent post on Malaysia Can Prosper by Copying Singapore, guess what, the Sports Minister Azalina Othman and former premier Mahathir’s son Mokhzani Mahathir actually read FinanceTwitter’s blog and implement the simple methodology to prosper. I knew from the start that most of the ministers didn’t mean what they said when they announced and urged the public not to read blogs from the internet because it is fulls of lies. One of them even suggested that in order to control these bands of mischievous bloggers (who happened to tell the truth) all of them have to be registered the same way pre-paid mobile users were forced to in order to wipe out loan-sharks. But of course Jeff Ooi has the video to show how “untung” (profitable) the business of loan-shark and their new creativity marketing plan now.

So based on FinanceTwitter’s advice, the Sports Minister has finally succumb to the fact that it’s not a bad idea to copy the direction of Singapore when the tiny dot announced Formula-1 is Coming to Singapore and most probably the event will be held at night. Keep on dreaming FinanceTwitter, if not because of the pressure from Formula-1 for Malaysia to conduct the race at night after 2010, the minister could still be singing on how Malaysia has the luxury (and pride) to hold the grand event at daytime while Singapore at night.

However this might present a good opportunity for “contractors” who will do the work of installing the “right” kind of light for the night-race. This is what she has to say:

Staging an F1 race is an expensive affair for the government … We have to see how well we can benefit from the event and what kind of development it can bring to motorsport in the count … Ultimately our dream is to see more Malaysian F1 drivers in Formula One racing

Well, if the race has been profitable since day one there should be nothing to worry about. Furthermore it can generate tourists’ revenue right? Unless my conclusion is wrong as far as revenue generation is concern. How much would the new lighting system costs?



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