Govt Demands Initial Report From MTR By Wednesday
"); jQuery("#212 h3").html("

"); });
2022-11-14 HKT 17:51
The government said on Monday that it expects the MTR Corporation to submit an initial report on the train derailment incident by Wednesday, and a full report within two months.
The incident, which took place at Yau Ma Tei station on Sunday morning, significantly disrupted train services on the Tsuen Wan line for almost a day.
Around 150 passengers left the train via an emergency exit and walked all the way to Mong Kok Station through the tunnel.
Transport minister Lam Sai-hung told reporters that in Wednesday’s report, the company needs to explain the cause of the incident, and lay out what follow-up actions it plans to take.
He added that government departments will assist in the investigation.
"The Electrical and Mechanical Services Department has directed the MTR in writing to conduct a comprehensive review of the rail network's facilities and structures near the tracks, to ensure their safety," Lam said.
The minister also pointed out that the railway giant has been told to formulate stringent policies in regard to checks and maintenance to ensure the safety and reliability of its services.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more