Labour Party's Kwok Wants Govt To Buy Back MTR

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

Related News Programmes

"); });

2018-02-25 HKT 16:39

Share this story

facebook

  • The Labour Party chairman Steven Kwok (second left, front row). File photo: RTHK

    The Labour Party chairman Steven Kwok (second left, front row). File photo: RTHK

Labour Party Chairman Steven Kwok says the government should not give cash handouts to all local residents in the upcoming budget.

He said the fiscal surplus could be better spent on projects that address the SAR's social problems and will benefit people in the long term - such as buying back the MTR Corporation.

Kwok said the public is continually disappointed to see ticket prices on the MTR going up, despite the fact that the rail company makes a profit every year.

He said that buying back the railway would bring long-term benefits to the people of Hong Kong in the form of lower fares on the MTR.

RECENT NEWS

Hong Kong Pilots Worlds First Integration Of Payment System With Chinas Digital Yuan

Hong Kong residents can now set up digital yuan (e-CNY) personal wallets using only their Hong Kong mobile phone number... Read more

Arthur Yuen To Continue As HKMA Deputy Chief Executive For 2 More Years

The Hong Kong Monetary Authority (HKMA) has announced that Arthur Yuen’s tenure as Deputy Chief Executive has been ex... Read more

The Transformative Potential Of Blockchain For The Hong Kong Financial Sector

Hong Kong, a global financial centre, is incorporating blockchain technology into its financial services industry. As a... Read more

Justin Suns HTX Withdraws Second Crypto License Bid, To Shut In Hong Kong

HBGL Hong Kong Limited, the Hong Kong affiliate of cryptocurrency exchange HTX (formerly Huobi Global), has withdrawn i... Read more

Standard Chartered Leverages DLT For First Euro Cross-Border Transactions on Partior

Standard Chartered announced that it had completed the first Euro-denominated cross-border transactions between Hong Ko... Read more

Standard Chartered, Mastercard, Mox, And Libeara Complete Tokenisation Proof-of-Concept Pilot

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has collaborated with Mox Bank, Mastercard, and Libeara to complete... Read more