Expectations differ on impact of F1 event on businesses

Shoppers at Suntec City on Sept 23, 2022. From 12.01am on Wednesday, some roads around the Marina Centre and Padang areas will be closed. ST PHOTO: ALPHONSUS CHERN
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SINGAPORE - Close to half of 40 businesses interviewed by The Straits Times say they expect or hope to emerge victorious, earnings-wise, over the three-day Formula One Singapore Airlines Singapore Grand Prix from Sept 30.

Those which predict that profits and footfall will take a hit cite road closures, which begin on Wednesday, to set up the race infrastructure for the glitzy event that will roar off again after a two-year hiatus.

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