Malaysia will not host a Formula One Grand Prix after the current agreement expires in 2018, the country’s tourism and culture minister said on Monday.
“After 2018 no longer,” Nazri Abdul Aziz told reporters in parliament when asked about reports that the country was considering halting the annual race.
“(From the) longer term perspective, it’s probably the correct decision because it’s more expensive and no longer that attractive,” the minister added, according to audio recordings of the comments heard by Reuters.
Malaysia had been considering cancelling the race due to declining ticket sales and TV viewing figures.
Earlier in the day, Formula One supremo Bernie Ecclestone has cast doubt over the future of the sport in Southeast Asia by telling a German magazine that Singapore no longer wanted to host a grand prix after its current deal expires next year.
- Soon You Could Get Plastic Currency Notes: Find Out More
- Ranveer Singh and Vaani Kapoor Starrer Befikre Gets A Thumbs Up
- Supreme Court Seeks Centre’s Response Over Various Issues Regarding Demonetisation
- Defence Minister Manohar Parrikar Writes To West Bengal CM Mamata Banerjee
- Bigg Boss 10 December 8 Review: Swami Om Feels Cheated, lashes Out At Gaurav For Jail Punishment
- South Korean President Park Geun-Hye Impeached Over Corruption Scandal
- Former Air Chief SP Tyagi Arrested In VVIP Chopper Scam
- After Congress Vice President Rahul Gandhi, Liquor Baron Vijay Mallya’s Twitter Account Hacked
- Find Out What PM Narendra Modi Told Cabinet Over Demonetisation Decision
- Home Minister Rajnath Singh Assures Safety Of All Tourists Stranded On Havelock Island
- Government To Waive Service Tax On Debit, Credit Card Transactions Of Up To Rs 2,000
- President Pranab Mukherjee Criticises Parliament Disruptions Over Demonetisation
- Pakistan International Airlines Flight Carrying Over 40 Passenger On Board Crashes
- Shah Rukh Khan On Raees Clash With Kaabil: It’s Impossible To Have A Solo Release In India
- US-President Elect Donald Trump Named TIME’s Person Of The Year 2016
The Malaysian Grand Prix was last held in October, when Australian driver Daniel Ricciardo claimed his first win of the season.
State oil and gas firm Petronas are the title sponsors for the F1 race in Kuala Lumpur. The company has been hit hard in recent times by the tumble in oil prices.