RM345mil economic boost for local MSMEs at F1 race

In a statement, the entrepreneur development and cooperatives ministry said the high-profile motorsport event attracted a record 261,000 spectators to the Sepang International Circuit (SIC), nearly half of whom were international tourists.

Its minister, Steven Sim, said the economic impact from the three-day event highlighted the role of large-scale international sporting competitions in driving economic activity through increased tourism spending and demand for local goods and services.

…