Taxi Drivers Mulling Fare Increase Of Up To HK$10

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

"); });
2020-06-25 HKT 17:17
Urban taxis drivers are being consulted on a new plan to raise fares by up to 42 percent, which would take the flag fall from HK$24 to HK$34.
However, the government has poured cold water on the proposal even before it has been formally submitted, saying it’s still looking at a previous fare increase proposal made by the trade in 2018.
The Taxi and Public Light Bus Association said it is asking drivers to choose from between three proposals, to raise the minimum cost for a ride on an urban red taxi by HK$6, HK$8, or HK$10 to cover rising costs.
For now, it says more members support an increase of HK$6 or HK$8, and expects to make a formal application to the Transport Department in the coming weeks.
The group said it hopes the government will approve this as soon as possible.
IThe association says it understands that while passengers may think a fare hike would increase their own financial burden, the last time taxi fares went up was in 2017 and it’s time for another adjustment.
But the Transport Department said in response that officials are still reviewing the 2018 fare increase application to raise flag fall from HK$24 to HK$30 – without specifying how it would deal with a new application.
A spokesman explained that the process is taking longer than expected because they also need to take into consideration the impact of the recent social unrest and coronavirus pandemic, among other factors.
Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year
The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more
From Fishermans Son To Fintech Founder: How CapBay Grew RM 6,000 To RM 4 Billion
What started as a RM6,000 loan funded out of their own pockets has grown into over RM4 billion disbursed to more than 2... Read more
Ping An Launches EagleX Global Version For Real-Time Climate Risk Insights
Ping An Insurance (Group) Company of China, Ltd, announced that its subsidiary, Ping An Property & Casualty Insuran... Read more
FWD Resubmits Hong Kong IPO Application Amid Market Recovery
FWD Group, an insurance company backed by billionaire Richard Li Tzar-kai, submitted a new application for an initial p... Read more
Hong Kong Police Crush HK$118M Crypto Laundering Ring, 500 Mule Accounts
In a fresh crackdown on crypto-related crime in Hong Kong, the Hong Kong police arrested 12 individuals for running a c... Read more
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