Overseas Experts To Join MTR Collision Probe
"); jQuery("#212 h3").html("

"); });
2019-03-19 HKT 19:02
MTR chairman Fred Ma said on Tuesday that the rail operator will set up an investigation panel which will include overseas experts to look into a collision between two trains on Monday during a signal system test run.
Speaking after a special meeting of the directors held to discuss the unprecedented accident, Ma said the board has told the MTR management to set up an investigation panel to look into the cause of the crash.
The panel will consist of MTR staff members as well as local and overseas experts.
Ma said the company is very disappointed at the performance of the contractor who supplied the new signalling system.
The MTR's operations director, Adi Lau, meanwhile, said staff members are hoping to put the derailed train back on the track on Tuesday, so it can be driven away from the tunnel after service hours.
However, he would not say when he expects services between Admiralty and Central on the Tsuen Wan Line can resume.
Transport Secretary Frank Chan, who also attended the meeting, said it is too early to say if human error or a flawed system was to blame for the collision.
Chan said the administration has ordered the railway company to carry out an in-depth probe, adding that the government's Electrical and Mechanical Services Department will also conduct its own thorough investigation and make public its findings, in order to restore people's confidence in the railway system.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more