New World First Ferry

New World Development Co (HK stock code 0017) is a Hong Kong conglomerate with operations in property, infrastructure, transport, retailing telecommunications and bus and ferry (New World First Ferry) operations.It is controlled by Chow Tai Food, a holding company owned by businessman Cheng Yu-tung.

HK$200m to keep ferries afloat

HK$200m to keep ferries afloat

Transport authorities are proposing to raise subsidies for ferry routes to outlying islands to nearly HK$200 million in order to keep services going, prompting one lawmaker to say the government may be better off running the ferry routes itself.

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