Our blog, Our reflections.

Team members :
Celena Liau
Faridah
Evelyn Wong
Tay Hui Min
MinJeong

15 December 2010 @ 8:28 PM

Formula 1, Is it beneficial or not?

Formula One is a massive television event, with an aggregate global audience of 600 million people for each race. With annual spending totaling billions of US dollars, Formula One's economic effect is significant, and its financial and political battles are widely covered.

Its high profile and popularity make it an obvious merchandising environment, which leads to very high investments from sponsors, translating into extremely high budgets for the constructors.

However, mostly since 2000, due to the always increasing expense, several teams, including works teams from car makers and those teams with minimal support from the automotive industry, have gone bankrupt or been bought out by companies wanting to establish a team within the sport; these buyouts are also influenced by Formula One limiting the number of participant teams.

In my opinion, even though F1 has disadvantages as well as advantages, it is true that F1 has still a lot of enthusiastic fans and it is so profitable. So, I think it is worth to be in Singapore.

Posted by Minjeong (MJ)

13 December 2010 @ 7:27 PM

Formula One (F1)

As a transport hub that gives access to the rest of the world, Singapore offers more than just being a transit stop. An exciting array of events takes place every year to fill up the calendar. To highlight just a few of the other events that take place during the year - Mosaic Music Festival, PARCO and NEXT, Singapore Arts Festival, Singapore Garden Festival, Youth Olympics, World Gourmet Summit, and the shopping extravaganza, the Great Singapore Sale.

Set to take place between the 17th and 26th of September in 2010 is the Formula 1 Singapore. Not only can one see the races, but an unbelievable array of events, festivals and functions will take place, offering something for everyone. The whole of Singapore is converging to offer a range of experiences such as special dining, hotel promotions and shopping opportunities for everyone who attends the races which helps to boost up the hospitality industry in Singapore. It brings in the tourism monies and most importantly, the intangible benefits of global recognition and publicity for Singapore as a world- class city. Singapore is such as a small island and yet it is able to hold such a worldwide event even better than some developed countries.

Ministry of Community Development, Youth and Sports (MCYS) is considering building the permanent track facility off the East Coast Parkway, near the Changi Naval Base, which could cost between US$150 million and US$200 million ($228 million and $304 million). "I feel that it is critical that Singapore takes advantage of the momentum, when it wins the rights to host an F1 race in Singapore. A permanent track is ideal because we can't possibly close our streets regularly. It is just not viable," expressed by Singapore Sports Council chief executive officer Oon Jin Teik. I believe that building a proper F1 track not only can be used for motorbike racing but also helps to maintain the productivity level of people whom working or living around Changi as F1 created unnecessary traffic jams, business affected or even noise which is not always appreciated by others. The inconveniences to local drivers and shops located around the Marina street circuit can be resolved with understanding and creative arrangement. F1 is well worth staging if it remains a top sporting event for the next few decades.

In conclusion, I personally feel that F1 Singapore benefits Singapore economically. Although there are still problems to be overcome, but i am sure that Singapore will gains benefits from organizing F1 races in Singapore.

By Hui Min

@ 6:49 PM

FORMULA ONE race 2010

The Ministry of Trade and Industry (MTI), Mr Lim Hng Kiang offered a general statement to the media, saying that it is "constantly on the lookout for investors and event organizers who wish to bring major events, such as the Formula One (F1) Grand Prix, to Singapore".

F1 is more than just a sports event. It is likely to rank Singapore as a thriving city among the world's most exciting ones. Economic benefits of the race are substantial as the event can act as an annual engine to lure tourists to Singapore, not only to the track, but also the theme parks and casinos. F1-related jobs were created and also brings in profits for car manufacturers.

Unlike many major cities, Singapore does not have a regular world-class sports event like the New York’s tennis US Open and Major League Baseball, London’s Wimbledon championship and English Premier League. The F1 race really made Singapore proud beside the Youth Olympic Games (YOG) where people around the globe can watch this tiny island hold a world class sport event better than some developed countries.

However, the race has partially created inconvenience to Singapore. It would take six weeks to set up the race and three weeks thereafter to dismantle, meaning more traffic disruptions. The race requires roads to be closed for almost a week downtown. It also burn up Singapore's scarce oil resources. This race emit tonnes of greenhouse gases into Singapore's increasingly polluted air. Singapore is already a 'world class' greenhouse gas contributor on a per capita basis. On one hand, we want people to be environmentally conscious, while on the other, we thoughtlessly encourage aggressive motoring and car racing.

Although the race is an advantage to Singapore in the short-term, there are still no long-term benefits and it is bad for the environment in Singapore.

In my opinion, i do not feel that F1 race should continue in Singapore

By Evelyn

12 December 2010 @ 2:50 PM

Do F1 actually benefits Singapore?

Singapore has hosted the F1 (Formula 1) race for 3 years and every year was a sellout. Since the day of being chosen to host the F1 race, it have place Singapore to being the limelight especially with the street circuit and cause an increase in the number of visitors, thus boost the economy.

With the increase in tourist spending in Singapore, no matter if it is to watch F1 race or just join in the fun by viewing the race from their hotels, it still benefits the economic growth of Singapore. As a result, F1 race helps to increase the economic as a whole. However, it did not really improve the standard of living in Singapore; the population income will not increase especially if they are not working in the F1 race. It only brings inconvenience to Singaporeans such as the road closure that leads to traffic congestion.

In addition, the F1 only promotes fossil fuel addiction and a doomed love affair with cars. Do we need this? Oil prices may have fallen in the past few months, but make no mistake that oil and gas companies around the world are struggling to find new reserves as well as having to deal with governments that are now exercising greater controls over their scarce resources. But right here is Singapore; we are actually promoting a sport that makes Singaporeans more addicted to fossil fuels at a time of growing energy insecurity and pollutions.

So now, should F1 race continue to be held in Singapore for the next few years? No, I think that Singapore should not host the F1 race, since we can see that the cons outweighs the pros. Unless Singapore decides to build a place that specialize to host this big F1 race event and also ensure that they uses environment friendly facilities and petrol.

What do you think?

Posted by Celena

Labels: Formula One

10 December 2010 @ 11:06 PM

Formula One

Formula One or more commonly known as F1,is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA).

Singapore was the host for the recent 2010 Formula 1 Night Race Grand Prix on the 26th September.Having the chance of being the F1 host with sound of race engines roaring to life and filling our city centre with much excitement has brought about many advantages to Singapore.

With a global viewership of 500 million and a strong fan base worldwide, the F1 race is a world-class event that has help to inject buzz and vibrancy to Singapore and enhance our appeal as a top-of-mind destination. In addition,F1 is the third most-watched event in the world after the Olympics and the World Cup.

With such a powerful impact,no wonder it's a gain for Singapore economy.For instance hosting the F1 has helped Singapore to generate incremental tourism receipts.Increased visitorship, ranging from hotels, restaurants and airlines to retail and entertainment outlets.To round it up, F1 has mainly increases Singapore's profits.At the same time, the long-term benefit it has brought about is attracting tourists to our country.

Thus the question now is should Singapore host F1 again?Of course!Afterall hosting it has not only pumped in revenue but also make Singapore a favourite holiday destination.

Faridah

Labels: Formula One

09 December 2010 @ 12:52 PM

Wikileaks, warning for the injustice of our society

WikiLeaks is the website which leaks corruptions or illegal activities of Government and company.
It is not associated with wikipedia or wikimedia foundation. WikiLeaks is compound word of Wiki and Leaks.

I think it is a good service in a democracy.
Every citizen who live in a democracy has right to know everything about what government or company do. And every citizen who lives in a democracy has right to express their opinions and to deliver information to others. Corruptions or illegal activities of government and company are also no exception.
Furthermore, Revealing corruptions and illegal activities is necessary thing for making a clean society.
As the wikileaks always ready to leak, it will be helpful to reduce the dark side of government and company.

I heard the news about Julian Assange who founded the wikileaks that he is suspected of sexual molestation. Some people think that maybe he is falsely accused because of government of U.S.A and Sweden. If it is true, it will be big news. After reading the article, I thought it follows much threat to keep the freedom of speech which brings important news and information to the public. And I thought they are so brave to do that.

I believe that the website like wikileaks is integral to the society today.
I think nobody else make it stop to leak important information to the public even though somebody is trying to interrupt it.

Posted by Minjeong (MJ)

Labels: Wikileaks

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15 December 2010 @ 8:28 PM Formula 1, Is it beneficial or not? Formula One is a massive television event, with an aggregate global audience of 600 million people for each race. With annual spending totaling billions of US dollars, Formula One's economic effect is significant, and its financial and political battles are widely covered. Its high profile and popularity make it an obvious merchandising environment, which leads to very high investments from sponsors, translating into extremely high budgets for the constructors. However, mostly since 2000, due to the always increasing expense, several teams, including works teams from car makers and those teams with minimal support from the automotive industry, have gone bankrupt or been bought out by companies wanting to establish a team within the sport; these buyouts are also influenced by Formula One limiting the number of participant teams. In my opinion, even though F1 has disadvantages as well as advantages, it is true that F1 has still a lot of enthusiastic fans and it is so profitable. So, I think it is worth to be in Singapore. Posted by Minjeong (MJ) back to top?
13 December 2010 @ 7:27 PM Formula One (F1) As a transport hub that gives access to the rest of the world, Singapore offers more than just being a transit stop. An exciting array of events takes place every year to fill up the calendar. To highlight just a few of the other events that take place during the year - Mosaic Music Festival, PARCO and NEXT, Singapore Arts Festival, Singapore Garden Festival, Youth Olympics, World Gourmet Summit, and the shopping extravaganza, the Great Singapore Sale. Set to take place between the 17th and 26th of September in 2010 is the Formula 1 Singapore. Not only can one see the races, but an unbelievable array of events, festivals and functions will take place, offering something for everyone. The whole of Singapore is converging to offer a range of experiences such as special dining, hotel promotions and shopping opportunities for everyone who attends the races which helps to boost up the hospitality industry in Singapore. It brings in the tourism monies and most importantly, the intangible benefits of global recognition and publicity for Singapore as a world- class city. Singapore is such as a small island and yet it is able to hold such a worldwide event even better than some developed countries. Ministry of Community Development, Youth and Sports (MCYS) is considering building the permanent track facility off the East Coast Parkway, near the Changi Naval Base, which could cost between US$150 million and US$200 million ($228 million and $304 million). "I feel that it is critical that Singapore takes advantage of the momentum, when it wins the rights to host an F1 race in Singapore. A permanent track is ideal because we can't possibly close our streets regularly. It is just not viable," expressed by Singapore Sports Council chief executive officer Oon Jin Teik. I believe that building a proper F1 track not only can be used for motorbike racing but also helps to maintain the productivity level of people whom working or living around Changi as F1 created unnecessary traffic jams, business affected or even noise which is not always appreciated by others. The inconveniences to local drivers and shops located around the Marina street circuit can be resolved with understanding and creative arrangement. F1 is well worth staging if it remains a top sporting event for the next few decades. In conclusion, I personally feel that F1 Singapore benefits Singapore economically. Although there are still problems to be overcome, but i am sure that Singapore will gains benefits from organizing F1 races in Singapore. By Hui Min back to top?
@ 6:49 PM FORMULA ONE race 2010 The Ministry of Trade and Industry (MTI), Mr Lim Hng Kiang offered a general statement to the media, saying that it is "constantly on the lookout for investors and event organizers who wish to bring major events, such as the Formula One (F1) Grand Prix, to Singapore". F1 is more than just a sports event. It is likely to rank Singapore as a thriving city among the world's most exciting ones. Economic benefits of the race are substantial as the event can act as an annual engine to lure tourists to Singapore, not only to the track, but also the theme parks and casinos. F1-related jobs were created and also brings in profits for car manufacturers. Unlike many major cities, Singapore does not have a regular world-class sports event like the New York’s tennis US Open and Major League Baseball, London’s Wimbledon championship and English Premier League. The F1 race really made Singapore proud beside the Youth Olympic Games (YOG) where people around the globe can watch this tiny island hold a world class sport event better than some developed countries. However, the race has partially created inconvenience to Singapore. It would take six weeks to set up the race and three weeks thereafter to dismantle, meaning more traffic disruptions. The race requires roads to be closed for almost a week downtown. It also burn up Singapore's scarce oil resources. This race emit tonnes of greenhouse gases into Singapore's increasingly polluted air. Singapore is already a 'world class' greenhouse gas contributor on a per capita basis. On one hand, we want people to be environmentally conscious, while on the other, we thoughtlessly encourage aggressive motoring and car racing. Although the race is an advantage to Singapore in the short-term, there are still no long-term benefits and it is bad for the environment in Singapore. In my opinion, i do not feel that F1 race should continue in Singapore By Evelyn back to top?
12 December 2010 @ 2:50 PM Do F1 actually benefits Singapore? Singapore has hosted the F1 (Formula 1) race for 3 years and every year was a sellout. Since the day of being chosen to host the F1 race, it have place Singapore to being the limelight especially with the street circuit and cause an increase in the number of visitors, thus boost the economy. With the increase in tourist spending in Singapore, no matter if it is to watch F1 race or just join in the fun by viewing the race from their hotels, it still benefits the economic growth of Singapore. As a result, F1 race helps to increase the economic as a whole. However, it did not really improve the standard of living in Singapore; the population income will not increase especially if they are not working in the F1 race. It only brings inconvenience to Singaporeans such as the road closure that leads to traffic congestion. In addition, the F1 only promotes fossil fuel addiction and a doomed love affair with cars. Do we need this? Oil prices may have fallen in the past few months, but make no mistake that oil and gas companies around the world are struggling to find new reserves as well as having to deal with governments that are now exercising greater controls over their scarce resources. But right here is Singapore; we are actually promoting a sport that makes Singaporeans more addicted to fossil fuels at a time of growing energy insecurity and pollutions. So now, should F1 race continue to be held in Singapore for the next few years? No, I think that Singapore should not host the F1 race, since we can see that the cons outweighs the pros. Unless Singapore decides to build a place that specialize to host this big F1 race event and also ensure that they uses environment friendly facilities and petrol. What do you think? Posted by Celena Labels: Formula One back to top?
10 December 2010 @ 11:06 PM Formula One Formula One or more commonly known as F1,is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA). Singapore was the host for the recent 2010 Formula 1 Night Race Grand Prix on the 26th September.Having the chance of being the F1 host with sound of race engines roaring to life and filling our city centre with much excitement has brought about many advantages to Singapore. With a global viewership of 500 million and a strong fan base worldwide, the F1 race is a world-class event that has help to inject buzz and vibrancy to Singapore and enhance our appeal as a top-of-mind destination. In addition,F1 is the third most-watched event in the world after the Olympics and the World Cup. With such a powerful impact,no wonder it's a gain for Singapore economy.For instance hosting the F1 has helped Singapore to generate incremental tourism receipts.Increased visitorship, ranging from hotels, restaurants and airlines to retail and entertainment outlets.To round it up, F1 has mainly increases Singapore's profits.At the same time, the long-term benefit it has brought about is attracting tourists to our country. Thus the question now is should Singapore host F1 again?Of course!Afterall hosting it has not only pumped in revenue but also make Singapore a favourite holiday destination. Faridah Labels: Formula One back to top?
09 December 2010 @ 12:52 PM Wikileaks, warning for the injustice of our society WikiLeaks is the website which leaks corruptions or illegal activities of Government and company. It is not associated with wikipedia or wikimedia foundation. WikiLeaks is compound word of Wiki and Leaks. I think it is a good service in a democracy. Every citizen who live in a democracy has right to know everything about what government or company do. And every citizen who lives in a democracy has right to express their opinions and to deliver information to others. Corruptions or illegal activities of government and company are also no exception. Furthermore, Revealing corruptions and illegal activities is necessary thing for making a clean society. As the wikileaks always ready to leak, it will be helpful to reduce the dark side of government and company. I heard the news about Julian Assange who founded the wikileaks that he is suspected of sexual molestation. Some people think that maybe he is falsely accused because of government of U.S.A and Sweden. If it is true, it will be big news. After reading the article, I thought it follows much threat to keep the freedom of speech which brings important news and information to the public. And I thought they are so brave to do that. I believe that the website like wikileaks is integral to the society today. I think nobody else make it stop to leak important information to the public even though somebody is trying to interrupt it. Posted by Minjeong (MJ) Labels: Wikileaks back to top?

monthly archive 11/14/10 - 11/21/10 11/21/10 - 11/28/10 11/28/10 - 12/5/10 12/5/10 - 12/12/10 12/12/10 - 12/19/10	recent entries Formula 1, Is it beneficial or not? Formula One (F1) FORMULA ONE race 2010 Do F1 actually benefits Singapore? Formula One Wikileaks, warning for the injustice of our society Is WikiLeaks threats to government OR saviors to c... WikiLeaks WikiLeaks Wikileaks: Truth or Terrorism?
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