Fare Hike Needed To Meet New Expenses, Says KMB

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-02-15 HKT 13:01

Share this story

facebook

  • KMB defends a planned increase in fares by saying its salary costs have been rising and will be going up further. File photo: RTHK

    KMB defends a planned increase in fares by saying its salary costs have been rising and will be going up further. File photo: RTHK

Kowloon Motor Bus bosses have rejected calls by some lawmakers and transport officials to slash a planned fare hike, saying new government guidelines on working hours and safety will increase the expenses of the company in the coming months.

"Over the past four years, in terms of the salaries, we have seen [a rise of] something like 18 percent. Going forward, the manpower will be very tight and the pay will be going up further and we have to invest a lot more in equipment and facilities," the company's managing director Roger Lee told Legco's transport panel.

"The government has introduced guidelines regarding the working hours of bus captains. We are under pressure to recruit an additional 100 or so bus captains to maintain the level of service required," he said.

Lee also said a new director has been hired to improve safety following a deadly crash in Tai Po last year.

KMB applied to increase fares by 8.5 percent last September, after more than four years of no rises.

Transport officials believe the fare hike could be further reduced by about 2 percent as franchised buses will be exempt from paying tolls for government-controlled tunnels and highways from later this month.

During a meeting, some lawmakers also criticised the proposed fare hike.

RECENT NEWS

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more