BANGKOK: Thailand's Cabinet has approved a US$1.2 billion bid to host a Formula 1 street race in its capital Bangkok in 2028, government officials said on Tuesday (Jun 17). If successful, the Thai capital would win a contract to host a race each year from 2028 to 2032, government spokesperson Jirayu Houngsub told a news conference. "In the next 2-3 years, Thailand will have world-class competition, which we never thought would actually happen in Thailand," Jirayu said. Tourism Minister Sorawong