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Old August 28th, 2012, 08:26 PM   #3221
hkskyline
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I'm guessing they have reached capacity on the busiest lines.
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Old August 29th, 2012, 12:50 AM   #3222
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Originally Posted by Blackraven View Post
They could buy more trains (since after all MRTC has been earning profit every year.......even if they keep on raising fares every year as well)
Speaking of which, when are the planning on phasing out the M-stock trains? I'm pretty sure the oldest ones are coming up on around 35 years of service...
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Old August 29th, 2012, 05:12 AM   #3223
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Originally Posted by Fan Railer View Post
Speaking of which, when are the planning on phasing out the M-stock trains? I'm pretty sure the oldest ones are coming up on around 35 years of service...
They refurbished them around 10 years ago. They've bought some mainland-made trains recently, which are now running on the Kwun Tong Line.
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Old August 29th, 2012, 07:35 AM   #3224
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What does MTR use its profits for? Does it distribute dividends to shareholders, make acquisitions, or does them invest back into the system?
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Old August 29th, 2012, 04:20 PM   #3225
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What does MTR use its profits for? Does it distribute dividends to shareholders, make acquisitions, or does them invest back into the system?
It should be a combination of all 3, although I haven't heard of a major acquisition of late. They do more consultancy work in China, where they operate several metro lines.

The company is listed and pays out a dividend :
http://www.mtr.com.hk/eng/investrela...ervices.php#02
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Old August 29th, 2012, 05:48 PM   #3226
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Just a bit of trivia but the mtr has the highest number of shareholders of any hong kong company.
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Old September 8th, 2012, 05:47 PM   #3227
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Originally Posted by Tad's Broiled Steaks View Post
Any chances the Hung Hom ferry to HK Island will be put back into service in the coming months? Or, will there be a ferry to go from the island once Kai Tak projects are completed (...maybe) a few years from now?
That Star Ferry route is gone for good.

There actually is a ferry service from Kowloon City to Central, but operated for residents of a waterfront development in Kowloon City.

Kai Tak will eventually be connected by the MTR to Central though.
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Old September 8th, 2012, 05:56 PM   #3228
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If you go to North Point Ferry Pier, you can get ferries to Hung Hom and to Kowloon City.
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Old September 17th, 2012, 11:34 AM   #3229
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Mobile firms made to ride on MTR's price line for 4G
The Standard
Tuesday, September 11, 2012

Mobile carriers are having to swallow high costs as they install fourth-generation networks at MTR stations.

Four of Hong Kong's five carriers - PCCW Mobile, 3 Hong Kong, CSL and China Mobile - announced yesterday that they have struck separate deals with the MTR Corp (0066).

Odd man out is SmarTone Telecom (0315), due to launch its 4G network today. It remains locked in talks on a network with the rail operator.

Bruce Lam Kwok-shing, chief marketing officer of PCCW Mobile, said it will this month start to convert a 1800 megahertz spectrum that works underground into the 4G network. It will take several months to complete.

Lam was not, however, willing to disclose how much PCCW is having to pay the MTRC for the right to upgrade.

And China Mobile Hong Kong chief executive Sean Lee limited himself to saying the company will provide full 4G coverage by the end of the year.

Third-generation technology now used on the MTR system is said to be in desperate need of upgrading. Carriers have reported constant complaints from subscribers on data speed and quality.

The carriers have discussed upgrades with the MTRC since the start of the year but there had been disagreement on pricing, Standard sister publication Sing Tao Daily was told.

The phone firms were unhappy about the MTRC demanding a sharp rise in fees for 4G networks even though the work involved simple upgrades of existing gear rather than major engineering.

Meanwhile, PCCW announced that all its new handset plans will be offering unlimited voice calls.

As most subscribers did not use all the voice-minute allowance, Lam said, scrapping it altogether provided a clearer tariff structure based just on data usage.

PCCW has raised the data allowances for low-tariff plans.

For HK$149 a month plus fees it offers one gigabyte instead of 100 megabytes previously. Subscribers can make free unlimited overseas calls home under WiFi with an app on the Android platform and - later - on Apple products.
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Old September 18th, 2012, 11:58 AM   #3230
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Gimmick slap as MTR fare review opens
The Standard
Tuesday, September 18, 2012

The government has kicked off a review of the MTR Corp fare- adjustment mechanism, which critics call a gimmick as it will only see increases as inflation continues.

Lawmakers and a concern group were quick to point out the six-page consultation paper in English posted on the Transport Department website contains only history and has no alternatives for the public to consider.

A department spokesman said an objective and transparent fare-adjustment mechanism was adopted to replace the fare autonomy of the MTR when it merged with the Kowloon- Canton Railway Corp in December 2007.

The government has now formally written to the MTR to conduct the fare review. Public comments will be accepted until the end of next month.

The mechanism, which came in as part of the merger agreement, was supposed to permit fares to be lowered or raised according to operating costs.

But the MTR was noncommittal on suggestions that it link the mechanism to its financial results and weigh considerations such as whether the public could afford increases.

The mechanism has now become a lightning rod for public anger, with critics pointing out that public transport costs only seem to rise and rarely come down.

Kwok Ka-ki, the Civic Party's New Territories West lawmaker, said the consultation period is insufficient. Kwok said the present fare mechanism is not rational as it does not take the current situation and public affordability into account.

Leung Kwok-hung, of the League of Social Democrats in New Territories East, urged the government - which holds more than 70percent of the listed MTRC - to buy back the railway and operate it according to public interest.

Richard Tsoi Yiu-cheong, a spokesman for the Coalition to Monitor Public Transport and Utilities, slammed the government for not providing a proposal for the public to consider.
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Old October 13th, 2012, 10:45 AM   #3231
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MTR turmoil as bag checks hit travelers
The Standard
Wednesday, October 10, 2012

Chaos reigned as parallel goods couriers thumbed their noses at the new railway weight restrictions on goods, while a few local travelers complained of not being allowed on platforms.

East Rail yesterday introduced a rule restricting hand-carried goods to 32 kilograms in a bid to crack down on couriers.

Electronic scales were placed at Sheung Shui, Fan Ling, Lo Wu and Lok Ma Chau stations and staff were empowered to weigh baggage believed to be over the limit.

However, many scales were frequently out of order, causing long queues for normal commuters taking goods and food to mainland relatives.

Parallel goods couriers, on the other hand, said they did not experience any inconvenience as packers were well aware of the weight restrictions and kept their parcels within the limit.

In Sheung Shui, an elderly woman who insisted she was not a parallel goods courier complained an MTR officer prevented her from going on the platform because her baggage weighed 40kg. She said she was taking daily necessities including shampoo and drinks to her son in Dongguan. She had to throw away some of her stuff to get through the gate.

A goods courier said the smaller parcels meant she would need to make more trips each day though it was not clear if she would be paid more that the HK$100 per consignment. Shenzhen has also stepped up checks, she said.

Passengers forcing their way through a gate with an overweight bag can be fined HK$2,000.

An MTRC spokesman said the number of special inspection teams will be increased and a further 10 staff will be recruited to check on passengers' luggage. It will review yesterday's order and passenger flow and more electronic weighing scales will be installed if needed.

The government has cracked down on cross- border traders following protests by hundreds of residents in Sheung Shui last month.

They are angry about traders clogging railway stations and pushing prices up.
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Old October 13th, 2012, 03:40 PM   #3232
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Quote:
In Sheung Shui, an elderly woman who insisted she was not a parallel goods courier complained an MTR officer prevented her from going on the platform because her baggage weighed 40kg. She said she was taking daily necessities including shampoo and drinks to her son in Dongguan. She had to throw away some of her stuff to get through the gate.
Who needs 40kg of stuff per day? It'd take me a month to use that much stuff.
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Old October 14th, 2012, 01:22 AM   #3233
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Quote:
Originally Posted by Geography View Post
Who needs 40kg of stuff per day? It'd take me a month to use that much stuff.
I think you are misreading the article: It just said that it was 40 kilograms worth of "daily necessities", referring to shampoo and drinks, not that his grandson was consuming 40 kilograms of necessities everyday.

More importantly, how can you even let your grandmom haul 40 kilograms of stuff for you?!
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Old October 14th, 2012, 09:55 PM   #3234
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More importantly, how can you even let your grandmom haul 40 kilograms of stuff for you?!
The wheel. Great invention. Up there with fire and sliced bread.
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Old October 16th, 2012, 06:18 PM   #3235
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IMHO I think noodles is a more epic invention than sliced bread
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Old October 18th, 2012, 01:17 AM   #3236
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Originally Posted by saiho View Post
IMHO I think noodles is a more epic invention than sliced bread
IMHO I don't think sliced bread should be in the same list with the wheel and fire... it was a comical addition, referring to the standard saying "best thing since sliced bread", etc.


Why does every little thing on SSC have to end in a debate about noodles?
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Old October 18th, 2012, 02:14 AM   #3237
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IMHO I don't think sliced bread should be in the same list with the wheel and fire... it was a comical addition, referring to the standard saying "best thing since sliced bread", etc.
oh i see never heard of that saying before.

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Why does every little thing on SSC have to end in a debate about noodles?
because they are awesome and don't let anyone else tell you otherwise
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Old October 30th, 2012, 01:41 AM   #3238
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MTR boss pleads over fares
The Standard
Monday, October 29, 2012

MTR Corp chairman Raymond Ch'ien Kuo-fung wants the public to understand that the railway operator needs a stable financial environment in order to provide an efficient service.

Ch'ien also warned against making frequent changes to the fare adjustment mechanism, saying any system needs to be around for several years.

He said the government is the biggest MTRC shareholder and the company will seek to generate a reasonable return for the public.

The fare adjustment mechanism must not be too complicated, and the formula needs to find the correct balance between interested parties.

Ch'ien said the company seeks the opinions of experts and the public when reviewing fares.

About 20 members of a concern group staged a protest yesterday at Central MTR station during a walking race, accusing the government of not paying attention to the needs of the traveling public.

Five members of the League of Social Democrats chanted slogans and presented a petition to Secretary for Transport and Housing Anthony Cheung Bing-leung.

The Concern Public Transportation Affairs Alliance criticized the MTRC for raising fares while making billions of dollars in profit. Members wore vampire outfits to suggest the railway is sucking the public dry.

"The government's consultation documents lacks concrete direction and makes it difficult for the public to express views," alliance spokesman Kong Kin-shing said.
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Old October 31st, 2012, 10:32 AM   #3239
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@hkskyline

What's your personal opinion on this matter? Are you supporting or rejecting the MTR fare hikes?
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Old November 1st, 2012, 02:46 AM   #3240
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Quote:
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@hkskyline

What's your personal opinion on this matter? Are you supporting or rejecting the MTR fare hikes?
MTR fares are quite cheap by international standards, but I do agree the formula needs to be adjusted to take into account delays and service disruptions. Rail operations are barely break-even, but I always thought property development was supposed to offset any losses. After all, MTR is a railway company, not a property developer.
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