More Trips For Cross-border Trucks: Transport Chief
"); jQuery("#212 h3").html("

"); });
2022-12-16 HKT 15:40
The acting chief for transport and logistics, Liu Chun-san, says the total number of trips made by cross-border cargo truck drivers has increased by around 1,000 in the past two days thanks to relaxed anti-Covid rules.
Previously, Hong Kong drivers had to pass their goods to a driver from the mainland at a shuttle point, who would then drive the items to their destinations, and vice versa.
But from Monday, drivers from the SAR are allowed to go directly to pick-up points on the mainland.
Liu told a press briefing on Friday that the total number of trips made by Hong Kong truck drivers to the mainland increased from an average of around 8,000, to about 9,000 on Thursday and Friday.
He said the point-to-point arrangement not only means drivers can work shorter hours and earn more, but it can benefit the shipping and aviation sectors as well as members of the public.
“Supply of daily necessities, vegetables, and flowers will not run short. It can reduce pressure on businesses to increase prices. Cross-border drivers also stand to win, of course. Their income can go up again. And they won’t be so tired from long hours of work,” he said.
Liu noted, however, that before the fifth wave of Covid-19 infections hit, there were an average 16,000-17,000 trips a day, adding that the government hopes the volume will continue to go up as drivers get used to the current arrangement.
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