New HK$30 Taxi Rate Could Come In Few Months
"); jQuery("#212 h3").html("
"); });
2019-03-08 HKT 17:58
The government has submitted the taxi trade's bid to raise minimum fares in urban areas to HK$30 to the Legislative Council, saying the new rates could be implemented by the second half of this year.
The starting fare for urban taxis is currently HK$24.
The government is seeking lawmakers' views on the proposals submitted by the taxi sector last September, which could also see the fare for every 200 metres, after the first two kilometres, jump HK$0.20 to HK$1.90.
Under the proposal, the starting fare for New Territories taxis could go up to HK$26.50 from HK$20.50.
In the paper, the Carrie Lam administration said it will consider a number of factors, such as changes in taxis' operating costs and public views, before arriving at a final decision.
Taxi fares were last raised in April 2017.
The government said it is also planning to introduce a bill to increase penalties for dodgy taxi drivers within this legislative year.
The officials had floated the idea last May and are looking at several measures, including a penalty points system that could see offenders having their licence suspended.
HashKey Gets Regulatory Nod To Offer Virtual Asset Services In Ireland
HashKey Group has announced that its subsidiary, HashKey Europe Limited, has received Virtual Asset Service Provider (V... Read more
HKVAX And Victory Securities Forge Partnership To Advance Hong Kongs Virtual Asset Ecosystem
Hong Kong Virtual Asset Exchange (HKVAX), Hong Kong’s third virtual asset licensed trading platform and Victory Secur... Read more
5 Major Banks Mantain Domestic Systemically Important Authorised Institutions Status
The Hong Kong Monetary Authority (HKMA) concluded its annual review of Domestic Systemically Important Authorised Insti... Read more
HSBC, StanChart, Alibaba Cloud Among First Cohort Of HKMAs Gen AI Sandbox
The Hong Kong Monetary Authority (HKMA) and Cyberport have announced the first cohort of its Generative Artificial Inte... Read more
QuickFest 2025 To Focus On AI, Automation, And The Future Of Accounting
QuickFest, the virtual conference tailored for accounting professionals, bookkeepers, and consultants, will return on 1... Read more
5 Stories That Shaped Hong Kongs Fintech Scene In 2024
In 2024, Hong Kong further cemented its position as a leading fintech hub in the world, with the number of fintech comp... Read more