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.
Revolut Considers China Expansion Amid UK Regulatory Hurdles
UK fintech giant Revolut is exploring a potential move into China, setting the stage for competition with domestic heav... Read more
ZA Global Backs RD Technologies With US$40M To Boost HKs Stablecoin Ecosystem
ZA Global has led a US$40 million Series A2 funding round for HK fintech firm, RD Technologies (RD), marking a signific... Read more
WeLab Hit Profitability And Now Wants 500 Million Customers Across Asia
From its humble beginnings as an online lender to its rise as one of Asia’s most ambitious fintechs, WeLab Group (WeL... Read more
HKMA Finalises Guidelines For Stablecoin Issuer Regulatory Regime
The Hong Kong Monetary Authority (HKMA) has published several documents in preparation for the implementation of the re... Read more
Cybercrime Is Surging Across APAC Yet Defences Remain Fragmented
APAC saw a sharp rise in human-led attacks in 2024, with attack rates growing over 60% year-on-year and increasing 37% ... Read more
Hong Kong Advances Trade Digitalisation With MLETR Adoption
Digitalisation is reshaping the global economy, and businesses must adapt to capitalise on emerging opportunities. In t... Read more