Officials said on Friday that the cost of hosting the race has been reduced to S$135 million ($100 million or 84 million euros).
S. Iswaran, Minister of Singapore's Trade and Industry, said that the F1 Singapore Grand Prix has made significant revenue for the country's economy as well as motorsport's franchise.
"Singapore is a signature race", Carey added.
Speaking at the event, he said: "We haven't concluded a deal yet, but we're having positive discussions and it is certainly our goal to try and reach a deal that works for both of us".
This new deal has come about thanks to the return of the French Grand Prix, with Paul Ricard set to host the race when it rejoins the calendar in 2018.
The first track to ever stage a night race in the sport has just extended its contract until 2021 and all involved will be hoping it gives the fans some excitement a decade after it held its inaugural race.
Singapore has considerable appeal as a popular tourist destination, with about "40 to 50 percent of visitors (to the race) from overseas", said Lionel Yeo, the chief executive of Singapore's tourism board.
Ferrari's Sebastian Vettel arrives for practice at the Marina Bay Street Circuit in Singapore this week.
In a statement, Formula One said: "Since its debut in 2008, the first ever night Grand Prix is one of the highlights of the F1 calendar and one of the most attractive and spectacular races". Aside from being a street race, the Singapore GP is also known for holding a strong line-up of concerts as well as other entertainment shows.
That's right - nearly one year after he dropped " This Town ", Niall's finally readying the release of his first solo effort. Horan is now in Tokyo, in the middle of his " Flicker Sessions 2017 Tour", which sold out in minutes.
Marcelo , who joined Madrid from Fluminense in 2007, will appear at a press conference at the Bernabeu at 2pm CEST on Thursday. Real will first begin their bid for a third straight Champions League triumph tonight against Cypriot side APOEL in Group H.
Energy Information Administration lowered its oil production forecast for this year and the next by 1% and 0.7%, respectively. US gasoline stocks slumped by 8.4 million barrels, the largest weekly decline since the data was first recorded in 1990.
During the innings break the Pakistan Cricket Board arranged a lap of honour for retired greats Shahid Afridi and Misbah-ul-Haq. Ben Cutting and Amla both fell in Ali's first over before former Australia captain George Bailey and Du Plessis also departed.
Also, the USA has been one of the major markets for Telugu films and thus, Mahesh Babu's film will definitely benefit from it. Baahubali 2 released in 1100 screens, but that included Tamil, Telugu and dubbed Hindi versions as well.
In San Francisco, the company has expanded its shuttle service with a total eight routes, and it has six sroutes in Chicago. They plan to bring autonomous vehicle technology into the mainstream through pilot projects and product-development efforts.
In a bid to get away from the squabbles at home and to defy her parents, she accompanies her rich cousin on a trip to Vegas. The foreigners generally impress, especially Louder as the belligerent black and Mark Justice as the man in the bar.
Paris Mayor Anne Hidalgo is promising "cost efficient and sustainable games" when the French capital hosts the Olympics in 2024. The United States has been trying to bring the Summer Games back to the country for the first time in more than two decades.
The government's draft affidavit says there is no "violation of fundamental rights of the petitioner" in this case. After the formation of Bangladesh, the Chakmas came to India, and got the status of refugees", he said.
Under the plan, the alliance will introduce a new family of EV motor and batteries from 2020, shared across the member companies. However, it did specify that it will launch four shared platforms with the aim of producing over 9 million vehicles on them.
President Donald Trump has toured areas of Florida devastated by Hurricane Irma and praised the federal and state recovery effort. While in Naples, Trump will spend around an hour meeting with those impacted by Hurricane Irma, according to the administration.
Cronin Group PLC (CRON) Posts Earnings Results
Over the last 30 and 90 trading days the company share price has decreased 28 points and decreased 122 points respectively. United Utilities Group PLC presently has an average rating of "Hold" and an average price target of GBX 965.73 ($12.47).