Great Pressure To Raise Peak Tram Fares: Operator

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

"); });
2021-06-27 HKT 17:17
The Peak Tram said on Sunday that it's under immense pressure to raise fares, after it finishes upgrading the service by the end of this year.
Currently, an adult return ticket costs HK$52, with concession fares for children and the elderly at HK$23.
The company said the upgrade costs HK$700 million, with the project involving changes to both the track and the tram system.
Sunday's the last day of service for the fifth generation of the Peak Tram, which has been around for 32 years.
Some visitors spent the day riding the service, saying they want to witness history with their family and friends.
"We took our children here to take pictures, this is our final chance to commemorate the Peak Tram," one father said.
Others said they want the current style of the tram preserved because of its colonial characteristics.
Stripe Launches Terminal In Japan To Bridge Online And Offline Commerce
Stripe, the programmable financial services company, has launched Stripe Terminal in Japan, aiming to help businesses i... Read more
MUFG Bank Invests In AI Firm LayerX, Signs Strategic Partnership
MUFG Bank and MUFG Innovation Partners (MUIP), both subsidiaries of MUFG, have invested in LayerX, a Japanese startup d... Read more
Bosch And Alibaba Expand Partnership On Cloud, AI And E-commerce
Bosch, a global supplier of technology and services, and Alibaba Group have announced an expanded strategic partnership... Read more
MUFG Provides $75M Credit Facility To EarnIn
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial services provider, has announced the completion of a... Read more
35% Of Hong Kong Shoppers Remain Cautious About AI In Retail
Adyen, a global financial technology platform, has released its Adyen Index 2025, highlighting how Hong Kong’s retail... Read more
Japan Post Bank To Launch Digital Yen By 2026
Japan Post Bank announced it will introduce a digital yen by the end of fiscal 2026 to make digital financial transacti... Read more