effects of global financial crisis on Singapore sports funding

Local sports scene not to be affected by economic slowdown@CNAThe Singapore Government has committed S$800 million into developing sports here, investing S$500 million between 2001 and 2005, and the remaining S$300 million from 2005 to 2010.The Government expects the local sports industry — worth S$796 million in 2005 — to contribute S$2 billion of the GDP and provide 20,000 jobs by 2015.However,