Panasonic to present Raffles Cup

SINGAPORE,  27 October 2006

For the first time, the Singapore Group 1 Raffles Cup (1800m) will be presented by Panasonic Systems Asia Pacific.

With a purse of S$500,000, the Raffles Cup this Sunday is the second leg of the prestigious Singapore Triple Crown series which began with the Kranji Mile last month and will conclude with the Singapore Gold Cup on Nov 12. A $300,000 bonus awaits the owner of the horse that wins all three legs of the series.

Matsushita Electric Industrial Co., Ltd, best known by its Panasonic brandname, is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business and industrial needs.

“We hope to be recognised not only for our technological prowess but also to be able to meet the needs of all, everywhere and at all times through information technology and digitalisation. Panasonic takes pride in working with the Singapore Turf Club to harnass the latest in the realm of digital technology to bring the excitement of horseracing even closer to the racing fans,” said Panasonic Systems Asia Pacific managing director Eugene Chan.

Yu Pang Fey, president and chief executive of Singapore Turf Club, said: “We are delighted to have Panasonic Systems Asia Pacific present the prestigious Raffles Cup 2006. This marks the start of a new three-year collaboration during which they will be supporting another feature race at Kranji in 2007 and 2008 and we look forward to a successful partnership.”