Fare Discounts The Very Best We Could Do: MTR
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1398586_1_20180528181356.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1398586-20180528.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1398586-20180528.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-05-28 HKT 16:50
Share this story
The MTR Corporation said on Monday that it hopes the public will appreciate that it has done its very best to mitigate a 3.14 percent increase in ticket prices due to come into effect at the end of June.
The railway operator said concessions costing it some HK$500 million would mean passengers won’t even notice any increase for the rest of 2018 if they use Octopus cards or frequent traveller passes.
The concessions include a three percent rebate on trips until January and from Sunday, a HK$0.30 discount for passengers who switch from the MTR to a green minibus, or vice versa. Prices for monthly and City Saver passes are not due to go up.
The MTR Corporation’s Commercial Director, Jeny Yeung, said the railway operator has done its best not to leave passengers out of pocket.
“All in all, this is the very best that the company has in a way tried to package for the customers. I think it’s fairer to look at the package as a whole,” Yeung said.
Shortly before the fare increase was announced in March, the MTR Corporation said its profit had soared 64 percent last year to more than HK$16.8 billion.
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more