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New World First Busi

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 Fook, a holding company owned by businessman Cheng Yu-tung.

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The latest fare adjustments sought by franchised bus operators, ranging from 8.5 per cent to more than 50 per cent, are the last thing the public wants as the city’s economy slowly emerges from the pandemic

The excuse that fare rises are crucial to maintaining essential services holds no water, especially at a time when the economy is in the doldrums and the unemployment rate has hit a 17-year high.

  • Cheats who abused the HK$2 subsidy scheme for elderly and disabled account for 89 of 671 people caught skimping on fares
  • MTR Corp takes action just after fines for fare dodgers increased as part of bid to deter fare dodging
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Citybus and New World First Bus to join forces next year in new government 10-year deal, owner says it will invest more than HK$3.5 billion over franchise term.

Bus companies are backed by big investors with the capacity to bear any loss or risk of operating a business. The needy have no such safety net, especially when even sweeteners have been withdrawn.

As many as 128 SPACs have raised a combined US$38 billion in New York as of February, making it one of the latest fads in world finance since the explosive growth of cryptocurrencies.

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New World First Bus employee was stopped on Nathan Road in Yau Ma Tei on Sunday, as officers deployed in the area during anti-government protest operation. He has been charged with careless driving.

After being dogged by complaints and the threat of industrial action, China Motor Bus’ routes were taken over by New World First Bus, and all 2,300 staff went, too.