'Let Bus Firms Make Money Through Other Means'

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

Related News Programmes

"); });

2022-11-24 HKT 11:50

Share this story

facebook

  • 'Let bus firms make money through other means'

Some members of Legco's transport panel on Thursday urged the government to relax various restrictions on bus firms, to allow them to bring in other sources of revenue and reduce the need to raise fares.

They were speaking on RTHK, a day after the government revealed that the city's franchised bus operators have applied for fare increases of around 10 to 20 percent.

"All our public transport systems have been facing operational difficulties and I've pointed that out many times at the Legislative Council," said Frankie Yick, who heads the panel and represents the transport sector.

"The decline in patronage has been caused by several reasons, first, our population shrank, bad economy and people go out less, but let's not forget one important reason: that is, we don't really have any tourists coming to Hong Kong," he added.

The Liberal Party lawmaker also pointed out that operating costs have been rising as the firms suffer from manpower shortages and surging fuel prices.

Yick suggested that bus operators be allowed to rent out space at public interchanges to tuck shops, expand the areas on buses where advertisements are permitted, and use their depots for commercial purposes.

"We've been telling the government maybe it should do more to help these operators bring in non-fare income," he said.

Another member of the transport panel, Ben Chan, agreed.

"The degree of [proposed] hikes this time is higher than my expectations," said Chan during the same programme. " I hope the government will be mindful of the people's affordability when vetting the applications."

The DAB lawmaker also called on the authorities to extend a fuel subsidy for bus operators - something the government has declined to do, citing improving passenger figures.

RECENT NEWS

PantherTrade And YAX Secure Hong Kongs First Crypto Licences Of 2025

Securities and Futures Commission (SFC) granted operational Hong Kong crypto licences to two cryptocurrency trading pla... Read more

Digital Payments In Hong Kong Soars But Bank Transfers Lead The Growth In 2024

Digital payments in Hong Kong grew significantly. In 2024, the use of digital payments for online transactions rose 9 p... Read more

Nuvei Acquires Paywiser In Japan To Power Next Ecommerce Growth Wave

Nuvei acquired Paywiser Japan Limited and its license from the Japanese Ministry of Economy, Trade, and Industry on 27 ... Read more

Fraud Prevention Strategies For 2025 To Combat Emerging Digital Threats

In 2025, fraud prevention strategies are non-negotiable. It’s a battle for trust. With cybercrime evolving at breakne... Read more

Alipay Tap! Expands To Macao, Now Accepted At Over 1,000 Merchants

Alipay Tap! in Macao was recently launched, enabling Alipay and Macau Pass to expand their partnership to bring it to m... Read more

ESG Fintech Startups Took The Spotlight At The Asian Financial Forum

Environmental, Social, and Governance (ESG) considerations have become central to global economic discussions and remai... Read more