Protesters Slam 'greedy' MTR Ahead Of Its AGM

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

Related News Programmes

"); });

2018-05-16 HKT 12:25

Share this story

facebook

  • Protesters slam 'greedy' MTR ahead of its AGM

Chaos erupted ahead of the MTR Corporation's annual general meeting on Wednesday after demonstrators held a protest outside the venue against what they called the greedy approach of the rail operator.

There was pushing and shoving when the group of around a dozen protesters tried to get into the meeting's venue in Kowloon Bay.

A number of security staff at the International Trade and Exhibition Centre were then deployed to maintain order.

The protesters from the Labour Party, League of Social Democrats and other civic groups said they are unhappy with fare hikes year after year, despite the railway company making huge profits.

The demonstrators also said it is wrong to build private residential flats on top of railway stations, demanding the MTR build public housing instead.

MTR fares are expected to rise by 3.14 percent from June.

RECENT NEWS

Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access

Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more

HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site

The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more

Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects

The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more

Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China

At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more

HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more

How Gaming Giants Are Redefining The Experience Of Paying

Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more