School Bus Firms Warn They Could Go Bust

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

Related News Programmes

"); });

2020-03-23 HKT 17:28

Share this story

facebook

  • Around 50 bus drivers joined a 'go-slow' protest on Monday, saying they need financial assistance while schools are closed. Photo: RTHK

    Around 50 bus drivers joined a 'go-slow' protest on Monday, saying they need financial assistance while schools are closed. Photo: RTHK

  • Bus unions stage a demonstration calling for financial aid to help prevent companies going out of business during the Covid-19 outbreak. Photo: RTHK

    Bus unions stage a demonstration calling for financial aid to help prevent companies going out of business during the Covid-19 outbreak. Photo: RTHK

School bus operators have called on the government to give them more financial aid, warning that a third of them could go bankrupt without help, and there might not be enough buses still running to collect students when the new academic year gets underway in September.

Classes have been suspended indefinitely since the Lunar New Year holiday due to the coronavirus outbreak, leaving school bus drivers with no work.

Around 50 bus drivers joined a "go-slow" protest from Kwai Chung to the government's headquarters in Admiralty on Monday, with the action organised by the School Buses Operators Association and two other bus unions.

They said some six operators have already closed down, putting around 30 people out of a job.

Tang Chi-Keung, vice-chair of the Public Omnibus Operators Association, who joined the protest, warned that a third of the city's companies running some 5,000 school buses between them could go out of business if schools remain shut.

"If they go bankrupt, there will be no service after the new school year starts," he said.

RECENT NEWS

Chinese Regulator Approves Citis Plan For Its Own Securities Firm

Citi has received approval from the China Securities Regulatory Commission (CSRC) to set up a wholly owned capital mark... Read more

HSBC RedCoin Debuts On PayMe With Wider Stablecoin Rollout Planned

HSBC has launched HSBC RedCoin, its first stablecoin, on the PayMe mobile payment app in Hong Kong. Denominated in Hong... Read more

Unlimit Joins Hong Kong Governments Strategic Enterprise Partners

Unlimit has signed a partnership agreement with the Hong Kong Government, which named the global financial infrastructu... Read more

Is Your Crypto Safe If Your Custodian Goes Bankrupt?

No institution moves into digital assets until it knows who will hold them and what happens to those assets if that cus... Read more

EleBank Opens First Physical Store In Hong Kong

Hong Kong digital bank EleBank has opened its first physical store in Causeway Bay as it expands beyond online banking ... Read more

Taiwan Blocks Grabs US$600 Million Foodpanda Acquisition

Taiwan’s Fair Trade Commission (FTC) has blocked Grab’s proposed US$600 million acquisition of Delivery Hero’s fo... Read more