Malaysian Prime Minister Najib Razak has said the country's Sepang International Circuit will host the Formula-1 Malaysian Grand Prix for another three years until 2018.
"After negotiations with Formula One management, we have succeeded in procuring the extension until 2018," he made the announcement here after giving the winning trophy to Ferrari driver Sebastian Vettel on Sunday, reports Xinhua.
Malaysian state-owned oil company Petroleum Nasional Berhad (Petronas), which has been supporting the race in Malaysia since it was first held in 1999, will continue to be the title sponsor of the event for the next three years.
Najib said they needed to promote the event further to gain not only international spectators, but also Malaysian fans as well.
"Other agencies and ministries including Tourism Malaysia must work together to make this an important event in the tourism calendar," he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app