New World Development Co (HK stock code 0017) is a Hong Kong conglomerate with operations in property, infrastructure, transport, retailing telecommunications and bus (New World First Bus) and ferry operations.It is controlled by Chow Tai Food, a holding company owned by businessman Cheng Yu-tung.
Tycoon wants to see Lee memorial in his lifeMonday, 26 November, 2012, 4:22am
Hong Kong has once again been shocked by a fatal accident involving a driver who collapsed behind the wheel of his vehicle. In what could be a sequence from a disaster movie, his double decker bus carrying dozens of passengers lost control and rushed down a notoriously steep road in Chai Wan, after its 57-year-old driver suddenly passed out. Sadly, this was not fiction.12 Aug 2013 - 2:55pm 2 comments
It comes as no surprise that the public is unimpressed by the government's decision to extend the franchise for three bus companies. Under the deal, New World First Bus, Citybus and Long Win have been given the right to operate for another 10 years. In return they have pledged more service commitments and fare concessions on some routes.2 May 2012 - 12:00am
Three bus companies are expected to replace 700 polluting buses, offer more fare concessions and make space for foldable bicycles after being granted new 10-year franchises by the government.
But critics say the renewal conditions do not go far enough in demanding cleaner vehicles and more concessions for elderly passengers and long-distance commuters.25 Apr 2012 - 12:00am
Almost 100 bus fanatics took part in a photo shoot yesterday to freeze on film the non-air-conditioned buses that will soon vanish after serving for 80 years on Hong Kong's streets.
Kowloon Motor Bus, the only licensed bus company left with such vehicles, told the Post it planned to have a fully air-conditioned fleet 'in the first half of 2012'.23 Apr 2012 - 12:00am
Kowloon Motor Bus (KMB) says the government should set up a special fund to buffer it against rising global fuel prices and guard against inflation in bus fares.
This came as KMB's listed parent, Transport International, issued a profit warning, saying that 60 per cent of its routes were loss-making.20 Jul 2011 - 12:00am
Kowloon Motor Bus and Long Win Bus yesterday applied for a fare rise of 8.6 per cent and 7.4 per cent respectively, despite a five-fold rise in their profit last year.
If approved, the fare rises are likely to take effect on January 1. The fare for a trip will rise by an average of 52 to 85 HK cents.31 Jul 2010 - 12:00am
A bus that ran over and killed an 83-year-old woman in Happy Valley had not yet been identified, a spokeswoman for Citybus and sister company New World First Bus said. The accident occurred near Moreton Terrace on Sunday afternoon. A witness said it may have been a Citybus vehicle. The bus companies were working with police to find the driver.8 Dec 2009 - 12:00am
Twenty-three city buses swing around a local traffic roundabout in one hour - only five people get on the buses, and just six hop off. One resident would like the government to do the maths.11 Oct 2009 - 12:00am
A total of 115 bus routes were either removed, reduced in distance or cut in frequency over the past five years under a continuing Transport Department plan to reorganise bus services. The plan took 385 franchised buses off the road, but introduced 20 new routes.21 May 2009 - 12:00am
Four bus companies have made a U-turn on their pricing - extending discounts to elderly passengers for a year one week after announcing the end of the benefit.
Lawmakers welcomed the concession, but lambasted the firms for refusing to continue a same-dayreturn benefit scheme during the economic downturn, which meant 228,000 passengers would pay 5 to 10 per cent more per day.18 Dec 2008 - 12:00am
Most residents surveyed believe transport fares are expensive and disagree with bus operators' moves to cancel a range of special discounts.
Only 9.5 per cent of respondents said the city's public transport fares were inexpensive, while 77.6 per cent said they were expensive.17 Dec 2008 - 12:00am
Dozens of people protested outside a bus company headquarters yesterday against the cancellation of fare concessions that will affect more than 500,000 passengers.
Members of three political parties and an elderly concern group gathered outside the Kowloon Motor Bus offices in Lai Chi Kok to oppose the move by four bus companies, announced on Wednesday.12 Dec 2008 - 12:00am
More than half of trips in district may be cut
More than half of the 26 bus routes serving Eastern District may be axed or have the number of their trips cut if a proposal by the Transport Department is approved. And cuts in the other 17 districts may follow.8 Dec 2008 - 12:00am
Some 300 to 400 Watsons, Sunkist and Mr Juicy transport workers on strike.
Demands Combined 6 per cent rise in base salary and commission, formal system for communicating with the company, better system of calculating commissions.
Result As yet unknown
Bus drivers22 Jul 2008 - 12:00am