In this image made with a fisheye lens from the Swissotel The Stamford, the Singapore F1 Grand Prix's Marina Bay City Circuit is lit at dusk in Singapore, Thursday, Sept. 14, 2017.
"The Singapore race is clearly a signature race.it's also our gateway into Asia which is important for our future and our growth", F1 chief Chase Carey told reporters.
Liberty Media had taken complete control of F1 in January, ending Bernie Ecclestone's 40-year reign at the helm of affairs.
More than 350,000 worldwide visitors have visited the country over the past nine races, generating an average of about S$150 million incremental tourism receipts each year, with foreign visitors making up more than 40 per cent of the unique spectators.
Safety cars often contribute to the length of the Singapore Grand Prix - there still has not been a Grand Prix in Singapore where the safety auto has not had to emerge from the pits. Mercedes now lead Ferrari by 62 points - and this weekend represents a great chance for Ferrari, who undoubtedly hold the upper hand in Singapore - to close the gap on the Silver Arrows.
"Our focus as of today is making sure that the 21 races next year is everything as it can be". The Formula One Group have agreed a deal with French television channel TF1 to show four full races exclusively free-to-air, with the rest of the 2018 season continuing as highlights.
Carey has big plans to expand F1's reach, both in terms of adding more races and increasing its digital appeal, an area largely neglected by Ecclestone. But Asian in general is tremendously important. It is still early days. We can still do potentially better strategies.
"We believe agreements should always reflect ongoing fair value between two parties".