F1’s return to Malaysia depends on govt, says Petronas CEO

Ragananthini Vethasalam Ragananthini Vethasalam Updated 7 years ago · Published on 8 Mar 2019 1:46PM · 3 Comments

Petronas president and CEO Wan Zulkiflee Wan Ariffin says there were 'long negotiations and discussions with the organisers' when making the decision to end the F1 Malaysian Grand Prix in 2017. – The Malaysian Insight pic by Seth Akmal, March 8, 2019.

WHETHER Formula One returns to Malaysia depends on the government, said Petronas president and CEO Wan Zulkiflee Wan Ariffin.

“We last held the event 2017. I think there were long negotiations and discussions with the organisers,” he told the media in Kuala Lumpur today.

He declined to give a definitive answer when pressed by reporters.

The Sepang International Circuit hosted the last F1 Malaysian Grand Prix in 2017, with the first race held in 1999.

The government, which had bankrolled the Malaysian edition of the event since its inception, announced in April 2017 that it was no longer able to shell out US$67 million (RM283 million) a year for the race. – March 8, 2019.

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Comments

  • Malaysia don't need this luxury

    Posted 7 years ago by It's me GR · Reply

  • Dont waste our hard earned money on this. The foreigners are not going to come. Our weather and heat is not suitable for this kind of outdoor event. Please spend the money wisely on your people

    Posted 7 years ago by Elyse Gim · Reply

  • We need a good business Strategy only if it makes Good Business.

    Posted 7 years ago by Danial Abdullah · Reply