Minibus Company Scraps 4 Routes, Despite Subsidy

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

"); });
2020-04-10 HKT 00:18
A minibus operator on Thursday said it's going to sack all the drivers on four of its routes, despite the government's new offer to pay part of workers' wages.
The company didn't say how many drivers will lose their jobs.
The four routes - between Whampoa Garden, Tsim Sha Tsui and Kowloon Tong, will stop running from Friday.
The company said it had lost at least HK$2mn after passenger numbers plunged following the opening of a new MTR line last year, and now the pandemic.
It said the government wage subsidy announced on Wednesday did nothing to change its decision.
One of the affected drivers blamed the government, saying it should have rolled out the subsidy earlier. The 66-year-old said he'd already taken a pay cut last month of about tHK$3,000.
Another driver, who's 76 years old, said he'd probably have to apply for welfare, as it would be hard for him to find a new job.
The minibus operator later said it had met with officials from the Department of Transport and agreed to keep two of the routes running until Saturday.
HK Police And Regional Partners Arrest Over 1,800 In Cross-Border Scam Crackdown
In a major cross-border crackdown, Hong Kong police and law enforcement agencies from six countries and regions arreste... Read more
Tiger Brokers To Double Hong Kong Team As It Targets Offshore Chinese Wealth
Online brokerage Tiger Brokers intends to increase its Hong Kong headcount by two times to capture more offshore Chines... Read more
Behind The Unicorn: The Startup Struggles You Dont See Ft. Tessa Wijaya, Xendit
In this episode of Fintech Fireside Asia, I sit down with Tessa Wijaya, Co-founder and COO of Xendit, one of Southeast ... Read more
SFC Updates Guidance To Non-Face-to-Face Account Opening
The Securities and Futures Commission (SFC) has updated its guidance on acceptable non-face-to-face (NFTF) account open... Read more
NTTs Mobile Arm Set To Acquire SBI Sumishin Net Bank In US$5.1 Billion Deal
NTT Docomo, the mobile arm of Nippon Telegraph and Telephone (NTT), has announced plans to acquire online bank SBI Sumi... Read more
Visa Click To Pay Goes Live In Hong Kong Via ZA Bank
Visa, a digital payments provider, has announced a partnership with ZA Bank to roll out Click to Pay in Hong Kong today... Read more