KUALA LUMPUR: Malaysia may scrap its Formula One race after 2018 because of mounting costs, falling ticket sales and competition from other venues, sports officials said Tuesday, potentially halting one of Asia’s longest-running races. With TV viewership for the Malaysian Grand Prix also ebbing, officials are due to meet later this week to discuss the future of the race after its current contract expires. “The locals are not buying the tickets to watch F1,” Razlan Razali, chief executive of the Sepang International Circuit (SIC) where the race is held, told Agence France-Presse. “If there is no economic value, why should we continue? We better take a temporary break.” The race’s woes are the latest sign of trouble for Formula 1, which, according to official figures, has shed 200 million television viewers globally since 2008.