'Let Bus Firms Make Money Through Other Means'

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

Related News Programmes

"); });

2022-11-24 HKT 11:50

Share this story

facebook

  • 'Let bus firms make money through other means'

Some members of Legco's transport panel on Thursday urged the government to relax various restrictions on bus firms, to allow them to bring in other sources of revenue and reduce the need to raise fares.

They were speaking on RTHK, a day after the government revealed that the city's franchised bus operators have applied for fare increases of around 10 to 20 percent.

"All our public transport systems have been facing operational difficulties and I've pointed that out many times at the Legislative Council," said Frankie Yick, who heads the panel and represents the transport sector.

"The decline in patronage has been caused by several reasons, first, our population shrank, bad economy and people go out less, but let's not forget one important reason: that is, we don't really have any tourists coming to Hong Kong," he added.

The Liberal Party lawmaker also pointed out that operating costs have been rising as the firms suffer from manpower shortages and surging fuel prices.

Yick suggested that bus operators be allowed to rent out space at public interchanges to tuck shops, expand the areas on buses where advertisements are permitted, and use their depots for commercial purposes.

"We've been telling the government maybe it should do more to help these operators bring in non-fare income," he said.

Another member of the transport panel, Ben Chan, agreed.

"The degree of [proposed] hikes this time is higher than my expectations," said Chan during the same programme. " I hope the government will be mindful of the people's affordability when vetting the applications."

The DAB lawmaker also called on the authorities to extend a fuel subsidy for bus operators - something the government has declined to do, citing improving passenger figures.

RECENT NEWS

Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security

Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more

Hong Kongs Cashless Future Is Closer Than You Think

A recent Worldpay report indicated that the digital wallets Hong Kong has could dominate its payment landscape by 2030.... Read more

HKMA Green Fintech Competition Open For Submissions

The Hong Kong Monetary Authority (HKMA) announced the launch of the 2025 Green Fintech Competition on 9 May 2025. It is... Read more

HSBC Launches Refreshed Hong Kong App With Smarter, Personalised Features

HSBC Hong Kong announced the launch of it refreshed HSBC HK App on 7 May 2025, set to roll out by phases beginning mid-... Read more

Chubb Life Hong Kong Launches Health Up Insurance For The Tech-Savvy

Chubb Life Hong Kong introduced the Health Up Insurance Plan (Health Up) on 7 May 2025. The Chubb Health Up Insurance d... Read more

Ant International Eyes Hong Kong IPO, In Talks With Regulators

Ant Group, a subsidiary of China’s Alibaba Group, is reportedly planning to list its overseas branch, Ant Internation... Read more