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  • August 30, 2014
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  1. News - Hong Kong - TRANSPORT

    Airport Authority's incentive plan for new routes encounters turbulence

    Posted Aug 26th 2014, 11:49pm by Ernest Kao

    ... demand [for new destinations] before competitors move in." Aviation industry consultant Henry Chan Hin-lee agreed. "The simple fact is that every airport wants to become a hub because ...

    http://www.scmp.com/news/hong-kong/article/1581008/airport-authoritys-incentive-plan-new-routes-encounters-turbulence
  2. News - China - TRANSPORT

    China sets the pace on bike sharing

    Posted Aug 25th 2014, 04:37am by BLOOM

    ... far, there have been no fatalities among people using the 37 programmes in the US, led by the New York City programme sponsored by Citigroup. For Seth Nemeroff, 40, a New York financial ... by almost 50 per cent, to US$140. New Yorkers living in public housing are entitled to a US$35 discount. As debt-hit cities consider the financial viability of the schemes, the next generation ...

    http://www.scmp.com/news/china/article/1580363/china-sets-pace-bike-sharing
  3. Business - Companies - TRANSPORT

    Sinotrans Shipping net profit up, but glut weighs

    Posted Aug 05th 2014, 08:27pm by CHIM SAU-WAI

    ... as revenue jumped 20 per cent to US$112.7 million. It also said in a statement yesterday a glut of ships meant overall recovery in the industry would be slow this year and next. Although moderate ... of tonnage have led to difficulties," Li said, adding it would take one or two years to clear the inventory in the industry. Sinotrans is one of the biggest shipping companies on the mainland ...

    http://www.scmp.com/article/1567046/sinotrans-shipping-net-profit-glut-weighs
  4. News - World - TRANSPORT

    Smartphone car service undercuts New York’s yellow taxis

    Posted Jul 09th 2014, 08:29pm by AP

    ... Associated Press in New York Smartphone car service undercuts New York taxis The car-hailing service Uber is taking on New York's taxis, temporarily dropping some of its prices by 20 per cent. The company says its lower-end service is now cheaper than the city's famous yellow taxis. A ride from Grand Central Terminal to the financial district will now cost US$22, down ...

    http://www.scmp.com/news/world/article/1550428/smartphone-car-service-undercuts-new-yorks-yellow-taxis
  5. News - Hong Kong - TRANSPORT

    MTR admits its train service has been bad

    Posted Jul 04th 2014, 04:03am by Ada Lee

    ... just one day after the MTR increased fares by an average of 3.6 per cent, despite recording a net profit of HK$13 billion for the last financial year. The railway operator insisted the problems ...

    http://www.scmp.com/news/hong-kong/article/1545999/mtr-admits-its-train-service-has-been-bad
  6. News - Hong Kong - TRANSPORT

    MTR trains delayed after water pipe bursts

    Posted Jun 30th 2014, 05:02pm by Johnny Tam

    ... despite recording a net profit of HK$13 billion for the financial year. The MTR, which is 76.5 per cent government-owned, has also come under fire after admitting that all five of its expansion ...

    http://www.scmp.com/news/hong-kong/article/1543607/east-rail-train-service-delayed-burst-pipe-shoots-water-tracks
  7. Business - Economy - TRANSPORT

    Hong Kong needs more double-tax deals, says industry

    Posted Mar 01st 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Agreements would help cut costs and improve city as a trade, financial and shipping centre HK needs more double-tax deals, says industry Hong Kong needs ... such comprehensive pacts would "reduce companies' costs but also improve Hong Kong as a trade, financial and shipping centre". Hong Kong shipping firms estimated they had to pay hundreds ...

    http://www.scmp.com/business/economy/article/1163811/hong-kong-needs-more-double-tax-deals-says-industry
  8. News - Hong Kong - TRANSPORT

    Officials grilled over true cost of third runway at Hong Kong airport

    Posted Jun 23rd 2014, 05:51pm by Ernest Kao

    ... the runway by foregoing the billions of dollars in dividends it received from the authority. Yau said a government steering committee, led by the financial secretary, had been set up to oversee ...

    http://www.scmp.com/news/hong-kong/article/1538943/officials-grilled-over-true-cost-third-runway-hong-kong-airport
  9. News - Hong Kong - TRANSPORT

    'Miserly' MTR urged to offer more discounts as fares go up 3.6pc

    Posted Jun 23rd 2014, 01:24pm by LO WEI

    ... The MTR, which is 76.5 per cent-owned by the government, reported a net profit of HK$13 billion for the financial year. With such big profits, the corporation has come under increasing pressure ...

    http://www.scmp.com/news/hong-kong/article/1538851/lawmakers-voice-opposition-mtr-fare-hike
  10. News - World - TRANSPORT

    Taxi drivers in big European cities stage strike in protest at privateers

    Posted Jun 12th 2014, 01:34am by AFP

    ... Agence France-Presse in London Drivers protesting at apps like Uber which they say cut into their business Taxi strikes snarl cities in Europe Taxi drivers brought parts of London, Paris and other European cities to a standstill yesterday as they protested against new private cab apps such as Uber which have shaken up the industry. Thousands of London's black cabs, many of them ...

    http://www.scmp.com/news/world/article/1530475/taxi-drivers-big-european-cities-stage-strike-protest-privateers

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