Property development profits and bus fare rises do not go together

Fare's fair: property development profits and bus fare rises cannot go together

KMB's deputy managing director, Evan Auyang, said that the government had not supplied land at below-market rates for the company to build staff quarters and bus depots. He also defended KMB's operating policies concerning its property development and its advertising business, RoadShow.

Friday, 1 March, 2013, 3:32am 1 comment

KMB to raise fares unless help is offered

Kowloon Motor Bus warns it may have to apply for another fare hike soon if the government fails to offer solutions to help the city's largest bus operator cut its losses amid rising fuel prices.

Transport International, the parent of KMB, said KMB incurred an operating loss of HK$17.8 million last year - a sharp contrast to earnings of HK$295.5 million in 2010.

16 Mar 2012 - 12:00am

Mainland insurer ready to relaunch IPO in HK

People's Insurance Co of China (PICC), one of the mainland's largest insurers, is the latest mainland major planning to go public in Hong Kong.

Chairman Wu Yan said he expected to complete a massive fund-raising this year. Reuters quoted him as saying the insurer was speeding up preparations for a dual Hong Kong-Shanghai listing.

13 Mar 2012 - 12:00am

A short cut

The proposal by Kowloon Motor Bus that the government set up a fund to subsidise public transport fares to counter soaring fuel prices and increased operating costs has stirred debate. I opposed the move because, based on the principles of a free-market economy, it would be unreasonable for the company to press the government to help steer it through a bad patch.

30 Jul 2011 - 12:00am

China Datang to launch IPO roadshow

China Datang Corp Renewable Power, the wind power unit of China Datang Group, will kick off a marketing roadshow for its Hong Kong initial public offering tomorrow after it was delayed a week by poor market conditions. It plans to sell shares at HK$2.33 to HK$3.18 each to raise around US$730 million to US$1 billion. Its listing debut is expected to be on December 17.

8 May 2015 - 9:35am

Road to the top

1964 Graduates with bachelor's degree in English literature at University of Hong Kong

1964-1978 and 1980-93 As civil servant, holds posts including private secretary to the governor, deputy secretary (general duties), director of information services, deputy chief secretary, secretary for trade and industry, secretary for education and manpower

4 Apr 2008 - 12:00am


Bill ignores language discrimination

27 Mar 2008 - 12:00am

Want Want owner seeks HK$8.5b

The controlling shareholder of Want Want Holdings, the largest rice cracker manufacturer in Asia, will cash in as much as HK$8.5 billion by selling part of his stake in a Hong Kong public share offering next month, sources said.

22 Feb 2008 - 12:00am

Results diary

Today Interim: Daqing Petroleum and Chemical Group, Fittec International Group, Golden Harvest Entertainment (Holdings), Henderson Investment, Henderson Land Development, VXL Capital

21 Mar 2007 - 12:00am

Talk back

Q How can mislabelling of food be prevented?

Some time in March/April last year, I had stomach upsets for some days. I went to Queen Mary Hospital twice over two weeks and was referred to the specialist outpatient clinic. I got an appointment date for December 2007 (more than 18 months' wait for a specialist clinic appointment).

27 Jan 2007 - 12:00am

Results diary

Today Interim: CNPC (Hong Kong), Comba Telecom Systems Holdings, Dan Form Holdings, Guangdong Tannery, Junefield Department Store Group, Lung Kee (Bermuda) Holdings, Mainland Headwear Holdings, Nippon Asia Investments Holdings, Radford Capital Investment, Samson Holding, Shanghai Merchants Holdings, Shenyin Wanguo (H.K.), Shun Tak Holdings, Silver Grant International Industries, TCC Internation

8 Sep 2006 - 12:00am

Content makes programme the top choice

IT WAS THE course content that made the University of Newcastle top choice for Lawrence Tang. When he was searching for a doctorate level programme, friends mentioned the university, which is ranked as one of the top 10 research universities in Australia.

22 Jul 2006 - 12:00am

Events diary

Tomorrow, HK: Hong Kong General Chamber of Commerce luncheon: 'The merger of two railway systems - From the KCRC perspective'. Speaker: KCRC chief executive James Blake.

British Chamber of Commerce breakfast briefing: 'Will residential rents reach a new high in 2008?'. Hong Kong Club.

3 Jul 2006 - 12:00am

Events diary

Tuesday, July 4, HK: Hong Kong General Chamber of Commerce luncheon: 'The merger of two railway systems - From the KCRC perspective'.

British Chamber of Commerce breakfast briefing: 'Will residential rents reach a new high in 2008?'.

Entrepreneurs Club meeting: 'A window on 'intra-preneurship' - Launching RoadShow from within KMB'. The Edge.

1 Jul 2006 - 12:00am

Results diary

Today Interim: Asia Financial Holdings, Chongqing Iron & Steel, Clear Media, Glorious Sun Enterprises, Hopewell Holdings, Hopewell Highway Infrastructure, Perennial International

Tomorrow 1st Quarter: Karrie International Holdings

Interim: China Resources Cement

Final: Egana Jewellery & Pearls, EganaGoldpfeil (Holdings)

1 Sep 2005 - 12:00am