There was clearly a need to change this and to demonstrate the feasibility of Formula Three to potential sponsors in light of the region's growing economy.

The series' organisers have held corporate track days in the Philippines, as part of their efforts to attract sponsorship.

The championship is organised by the Asian Formula Three Corporation, which is managed by Jose Eduardo Peña from offices in Manila.

The series' reputation was badly damaged in the 2007-08 season by Bahrain driver Hamad Al Fardan who had complained that championship leaders Frederic Vervisch and Team Goddard were using illegal petrol to go faster than him.

The winner of the drivers' championship title is rewarded with a fully sponsored entry to the end-of-season, non-championship Macau Grand Prix.

For 2007/08 season, the winner of the drivers' championship will be rewarded with a Formula 1 test drive with the Force India F1 Team.

The 2006 champion, Britain's James Winslow, received attention and praise for his dramatic rescue of a competitor who was trapped in his upturned car at Sentul in Indonesia.

New teams have joined the series during that championship, Drew-Evans Motorsport Group, Team GFH Bahrain,Champ Motorsport and PTRS from Hong Kong along with some good drivers, namely Frederic Vervisch (the 2007-08 champion), Matthew Howson, Rafael Suzuki and Hamad Al Fardan.

Ed Pead, Nial Quinn, Arturo Gonzales, Leonardo Valois, David Julien and Peter Kalpakiotis also raced at select rounds.

Other notable drivers include Morenon Soerapto, Oliver Turvey, Paul Ip, Don Tacos, Philip Forsman, Walter Grubmuller, Robin Tato, Edwin Jowsey and James Littlejohn.

In 2007, Asian F3 visited Albert Park in Melbourne, Australia as a support race for the 2007 Australian Grand Prix.