Thailand plans ambitious F1 race bid for the streets of Bangkok
Thailand is aiming to bring the roar of Formula One to the streets of its capital, Bangkok, with a proposed bid to host a street race in 2028.
The Thai government will seek cabinet approval for the ambitious plan next week, according to a government official speaking on Monday.
Fresh from attending the Monaco Grand Prix over the weekend, Thai Prime Minister Paetongtarn Shinawatra will champion the concept of a "Sustainable F1" race, government spokesperson Jirayu Houngsub confirmed.
Initial feedback from Formula One officials has been positive, raising hopes that the high-octane spectacle could become a reality in Bangkok.
The proposal suggests a street circuit within the city, offering a unique and exciting backdrop for the race. Further details of the bid, including the proposed route and sustainability initiatives, are expected to be revealed following the cabinet meeting.
The bid proposal and results of a feasibility study will be submitted to cabinet on June 4 before proceeding, he said.
No specific details were provided on the sustainability aspect of the plan but Jirayu said the proposed Bangkok race would be environmentally friendly and aims to attract investment in green technology alongside motorsport.
Formula One already has a crowded schedule of 24 races around the world with four in the Asia-Pacific region, including the Singapore Grand Prix in Southeast Asia.
Hosting the race would help promote tourism, a key driver of Thailand's economy, said Jirayu.
Thailand has previous experience hosting a round of the MotoGP motorcycling world championships at its FIA accredited track in Buriram in the northeast of the country.
Thailand's announcement follows Paetongtarn's previous talks with Formula One chief Stefano Domenicali in March.
"Thailand sees the opportunity to host a Formula 1 Grand Prix in the future as a key initiative to elevate our profile as a hub for international tourism and global events," Paetongtarn said on social media at the weekend following a meeting with Prince Albert of Monaco.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Washington Post
2 hours ago
- Washington Post
Musk's Starlink gets key license to launch satellite internet services in India
NEW DELHI — India has granted a key license to Elon Musk's Starlink, bringing the satellite provider a step closer to launching its commercial internet services in the country, a top Indian government official said on Friday. 'Yes. License has been granted,' said the official with direct knowledge of the matter at the department of telecommunications. The official declined to be identified because the information isn't public.


Bloomberg
2 hours ago
- Bloomberg
Vanguard Set to Challenge BlackRock's Grip on Ex-China ETF Trade
Vanguard Group Inc. is launching a low-cost fund focused on emerging-market stocks while explicitly avoiding China, muscling into a trade long dominated by BlackRock Inc. The Vanguard Emerging Markets ex-China product looks set to become the cheapest exchange-traded fund tracking the investment strategy with an expense ratio of just seven basis points, or 7 cents for every $100 invested. Vanguard registered for it with the US Securities and Exchange Commission last week.
Yahoo
3 hours ago
- Yahoo
Mercurity Fintech Holding, SBI Digital Markets enter strategic partnership
Mercurity Fintech Holding (MFH)announced a strategic partnership with SBI Digital Markets. The underlying objective of this partnership is to accelerate the adoption of tokenized real-world assets and facilitate its global distribution through regulatory-compliant investment solutions. The partnership between MFH and SBIDM establishes a framework for collaboration that will utilize their respective strengths to connect institutional capital with tokenized assets while ensuring full regulatory compliance across key markets. Under the memorandum of understanding, MFH's subsidiary Chaince Securities will facilitate the distribution of SBIDM's tokenized asset offerings, with a focus on ensuring compliance with the rules and regulations of the Securities and Exchange Commission and Financial Industry Regulatory Authority. This collaboration will specifically target institutional investors, high-net-worth individuals, and accredited investors seeking sophisticated, compliant digital asset exposure. In parallel, SBIDM will provide tokenization technology and related infrastructure to MFH, supporting the Company's expansion of digital asset capabilities. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MFH: Disclaimer & DisclosureReport an Issue Mercurity Fintech Holding Reports Q1 2025 Financial Results Mercurity Fintech's Chaince Securities Expands Cross-Border Advisory with New Asia-Pacific Client Mercurity Fintech secures engagement with Asia-Pacific healthcare client Mercurity Fintech Holdings trading resumes Mercurity Fintech a 'blatant scam,' short-seller Morpheus says Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data