No decision on Singapore, says Ecclestone

"The reason I am here is to discuss that," Ecclestone said, when asked whether he had decided to partner with Ong to bring motor racing to the Southeast Asian city-state. "No decision has been made."

Ecclestone declined to comment on whether he was speaking to other parties in Singapore.

Shares in Singapore-listed Hotel Properties have jumped more than 1.5 times in the last two months on investor hopes that the firm may have won the rights to host a grand prix.

A Singapore minister said in parliament last week that it may support plans to bring Formula One to the island as the buzz and attention generated by the event would draw a different group of visitor to Singapore.

Singapore, mainly known as business centre, has been trying to jazz up its image in a bid to woo more tourists.

Ecclestone told Reuters in an interview earlier this month that he was keen on a night-time race in Singapore.