MTR To Freeze Fare Hike Until Early April
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1454329_1_20190424183921.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1454329-20190424.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1454329-20190424.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-04-24 HKT 16:14
Share this story
MTR commuters will be enjoying some more breathing room as a planned MTR fare hike will not set in until early April next year, instead of January as originally planned.
The rail company normally freezes its annual fare adjustment for six months, until the end of December.
It's now extending the freeze of a 3.3-percent fare hike in the upcoming year until early April.
In papers submitted to the legislature on Wednesday, the MTR Corporation said it had decided to make the extension after discussing the issue with the government.
The firm said it had also been closely monitoring public concern over the fare increase since it announced the hike a month ago.
The corporation also said the extra concession was made as part of its celebrations of the company's 40 years in service.
According to the fare adjustment mechanism, the fare concessions offered during this financial year include HK$225 million from a "profit sharing mechanism", and HK$20 million from "service performance arrangement", which is based on train service disruptions.
Transport minister Frank Chan said in a statement that he welcomed the decision, saying he was pleased with the MTR's "response to public concern".
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