With cash demand peaking next year as the group's five rail projects enter their final stages, the group said its net debt-equity ratio, which edged up 0.6 percentage point to 11.6 per cent, would...
- Thu
- Oct 3, 2013
- Updated: 2:36pm
MTR's new rail projects are expected to strain the firm's cash position over the next two years, with a dearth of profit from property sales over the past 18 months compounding its predicament.
So who can fault me for saying that MTRC stands for Modern Town Redevelopment Company when our metro system's finance man, Lincoln Leong, himself pushes this line?
The MTR Corporation is confident it will be able to find 2,400 construction workers and other professionals at a job exposition this weekend for its five mega projects despite a shortage of labour...
The MTR next year will stop charging Octopus card users the extra 10 cents per trip to pay for platform screen doors.
The MTR will give fare concessions of just HK$200 million this year after the 2.7 per cent fare rise kicks in at the end of month. This is only a third of the concessions it gave last year.
More than a third of the civil works for the new South Island Line (east) have been completed, the MTR said - with some help from new technology.
A recently revised fare-adjustment mechanism that penalises any suspension of services lasting more than eight hours made such a fine possible, Secretary for Transport and Housing Professor...
Excavation work at a To Kwa Wan railway construction site has been suspended after more than 50 residents were evacuated because of reports that nearby buildings were shaking.
'Success' for strikers has hurt society
I am glad to hear that the strike by dockworkers has come to an end following their acceptance of a 9.8 per cent pay rise.
I did not share any...
MTR Corporation's commercial director Jeny Yeung said passengers would continue to get a 10 per cent discount when they took a second trip on the same day, after the first phase of the scheme ends...
After a few months of negotiations with the Mass Transit Railway Corporation, the government said it had struck a new deal that makes fare adjustments more affordable. Instead of the original 3.2...
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