Protesters Slam 'greedy' MTR Ahead Of Its AGM
"); jQuery("#212 h3").html("

"); });
2018-05-16 HKT 12:25
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.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more