Octopus: Fully cooperate with the government to adjust the two-dollar fare discount plan and study the timetable based on the details.

The Octopus Card Company stated that it will fully support and cooperate with the government's financial budget announcement regarding the adjustment of the two-dollar fare discount plan. The Octopus Card noted that with the announcement of the budget adjustment for the two-dollar fare discount plan, the beneficiaries will remain unchanged, and the new policy will implement a "two dollars for two discounts" offer, meaning that if the ticket price is less than or equal to 10 yuan, the fare will remain at two dollars. However, if the ticket price exceeds 10 yuan, the full fare will be charged at a two-fold discount. In addition, there will also be a limit on the number of eligible trips, capped at 240 trips per month. The company indicated that, technically, the Octopus card has sufficient technical flexibility in the public transportation charging system, allowing for a two-fold discount on fares above 10 yuan and the limit on the number of trips.

AASTOCKSFeb 28 09:16

According to reports, the Hong Kong government will implement the 'two dollars two discounts' policy no later than September next year.

According to a report by "Hong Kong 01," the Hong Kong government proposed the "two dollars two discounts" transportation fare discount in the latest "Fiscal Budget," which will be implemented no later than September next year. Sources indicated that "two dollars two discounts" targets the issue of long-distance short rides, aiming to change the travel habits of the elderly through economic incentives. Currently, routes with fares over 10 dollars account for about 60% of the overall transportation options, and authorities believe this is an appropriate boundary. As for cross-border routes, fare adjustments will also follow the same measures. (js/u)~

AASTOCKSFeb 26 15:10

AMS TRANSPORT: Interim Report for the six months ended 30 September 2024

HKEXDec 12, 2024 16:43 · Announcements

Transport Department: Planning to adjust tolls for Tai Lam Tunnel, diverting nearby roads, and implementing time-based tolls for private vehicles in the future.

During an interview with RTHK, Assistant Commissioner for Transport, Leung Sai Ho, stated that if the current toll levels for the Tai Lam Tunnel are maintained, it is expected that in 2026 there will still be about 15% of the vehicle capacity. Therefore, the authorities hope to adjust the tolls to attract some drivers to use the Tai Lam Tunnel to help disperse traffic from routes such as Tuen Mun Road. Leung also mentioned that many new developments are expected in areas like Northwest New Territories, which will lead to increased traffic flow. Hence, there will be a need to implement off-peak fees for private cars in the future; otherwise, the situation will become unmanageable.

AASTOCKSDec 5, 2024 09:50

In the mid-term, ams transport (00077.HK) turned from a loss to a net profit of 6.91 million yuan in performance.

ams transport (00077.HK) announced the interim performance for the six months ended in September, with revenue of 0.201 billion yuan, a year-over-year increase of 3.5%. Net profit was 6.91 million yuan, a turnaround from a loss of 12.7 million yuan in the same period last year; earnings per share were 2.54 cents. No interim dividend will be distributed.

AASTOCKSDec 1, 2024 15:37

ams transport (00077) announced its interim results, with a profit attributable to shareholders of 6.909 million Hong Kong dollars, turning from loss to profit year-on-year.

ams transport (00077) released its unaudited interim results for the six months ending September 30, 2024, receiving...

Zhitong FinanceNov 29, 2024 19:08