New taxi licences fetch up to HK$1.05m at auction
Macau authorities yesterday announced that 150 new taxi licences had been sold for between HK$800,000 and HK$1.05 million each. There were 663 written bids for the auction. Macau, with a population of about 530,000 and more than 60,000 daily visitors, has only 980 taxis - including the 150 new licences. Some 750 licences were issued before the 1999 handover.
Merged rail operation gets new board tomorrow
A new managing board will be appointed to the Kowloon-Canton Railway Corporation tomorrow, after its rail operations are merged with the MTR Corporation. The government yesterday announced that the secretary for financial services and the treasury would be appointed KCRC chairman, while five senior officials - including the secretary for transport and housing and the director of accounting services - would be appointed board members. The terms of the incumbent KCRC chairman, Michael Tien Puk-sun, and board expire tomorrow.
Indian high school students show interest in Hong Kong
A Trade Development Council roadshow in India last week attracted interest from more than 500 high school students and their parents. The four-day promotion featured mini-expos, seminars, and visits to a number of leading schools in Delhi and Mumbai. With more than half a million Indian students studying abroad, the council is hoping to encourage more of them to come to Hong Kong, where the education system is similar to that in India and English is also the teaching medium.
New diesel rate starts today
The concessionary duty rate of 56 cents per litre for Euro V diesel will come into force today for two years as an incentive for drivers to switch to more environmentally friendly fuel. Euro V diesel is suitable for existing diesel vehicles and can reduce sulfur dioxide emissions by as much as 80 per cent compared with ultra-low sulfur diesel. The government plans to make it a requirement for motor vehicle diesel from 2009.