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'Fuel costs, falling revenue behind fare hike bids'

Oct 16, 2026

Bus operators said a sharp rise in fuel costs has created a huge financial burden and other revenue streams were also falling, as the four firms seek fare increases with Citybus applying for the highest rise of 17.7 per cent. Appearing before the Legislative Council's transport panel on Friday, representatives from the bus operators said fuel prices had risen sharply, causing significant financial pressure. "We're incurring approximately an additional HK$60 million a month in fuel compared to what we were at the beginning of this year. And for Long Win Bus Company it's approximately HK$6 million extra each month which is overall more than double what we were paying last year," Martin Cadman, operations director of the Kowloon Motor Bus, told lawmakers. "Post-war oil prices... just an increase of one or two dollars a litre can succeed in eliminating all of our modest profits which is quite something. It shows how sensitive we are to such events," Mark Savelli, operations director of New Lantao Bus said. He noted that the worst he saw was a rise of US$7 per litre. Bus company representatives also cited other factors, including changing travel patterns leading to falling revenue. They stressed that they had already made efforts to boost non-fare income. Citybus Managing Director William Chung said the opening of MTR's South Island Line and the Sha Tin to Central Link had taken away many bus passengers. He said the company returned to profitability after its last fare increase, but was still under severe pressure from rising oil prices. Deputy Secretary for Transport and Logistics Kirk Yip said the government would handle the fare applications with prudence, taking into account factors including public acceptability and operators' financial sustainability. "We will not accept bus companies' applications outright; we will carefully review various factors and also consider the overall affordability for the public," he told lawmakers. A final proposal would be submitted to the Chief Executive and the Executive Council after consulting the Transport Advisory Board. Several lawmakers criticised the scale of the proposed increases, which they said exceeded the rate of inflation and pay rises for employees. New Territories West lawmaker Scott Leung described the hikes as "jaw-dropping" and asked whether the government would subsidise fuel costs. Transport sector lawmaker Lothair Lam suggested adopting a fare adjustment mechanism similar to the MTR's annual review formula for bus fares. In response, Ip said different public transport modes and bus companies operate under different franchises and service areas, making a simple formula unsuitable. He acknowledged that oil prices are a significant component of operating costs, and said there is a standing mechanism to review their financial and service impact. Edited by Aaron Tam

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Five Guangdong yachts enter HK under new scheme

Oct 16, 2026

Five yachts from Guangdong entered Hong Kong waters on Friday as a new scheme to ease cross-border yacht visits took effect. Nearby vessels sounded their horns as the visiting boats docked one by one at the Lantau Yacht Club in Discovery Bay around noon. The vessels range from about 13 to 38 metres, with three from Shenzhen, one from Nansha and one from Zhuhai. Officiating a welcoming ceremony, Acting Financial Secretary Michael Wong said Hong Kong is actively building itself into Asia’s yacht hub, noting that the worldwide yacht market continues to grow – especially the luxury segment – and that the city can capture a share of that growth. He said the government is rolling out measures to boost the yacht economy, including steps to make visits by such vessels easier, and will host the Festival of Connoisseurs from November 4 to 6. Wong added that four new marina projects – at the airport, Lamma Island, Aberdeen and Hung Hom – are moving ahead. Together they will provide more than 1,100 berths, a 30 percent increase from the existing total, he said. Secretary for Transport and Logistics Mable Chan said there are adequate facilities for mainland yachts to moor and dock in the SAR. "At the present moment, we have allowed these mainland yachts to dock or moor at five designated mooring anchorage areas, in addition to the existing mooring facilities in yacht clubs. We consider that this could meet the demand," she said. "Coupled with the real-time dynamic monitoring system, the Marine Department can communicate with the mainland yacht captains so as to facilitate their travel in Hong Kong waters." Wong thanked the central government and relevant units in Guangdong and Hong Kong for their support in implementing the travel scheme. "Whether it's Hong Kong yachts heading north or Guangdong yachts heading south, the essence is mutual benefit – a win-win-win," he said. "We believe the travel scheme can open up a brand-new maritime channel for residents and visitors on both sides, jointly driving economic development in both places." Edited by Aaron Tam

image

Five Guangdong yachts enter HK under new scheme

Oct 16, 2026

Five yachts from Guangdong entered Hong Kong waters on Friday as a new scheme to ease cross-border yacht visits took effect. Nearby vessels sounded their horns as the visiting boats docked one by one at the Lantau Yacht Club in Discovery Bay around noon. The vessels range from about 13 to 38 metres, with three from Shenzhen, one from Nansha and one from Zhuhai. Officiating a welcoming ceremony, Acting Financial Secretary Michael Wong said Hong Kong is actively building itself into Asia’s yacht hub, noting that the worldwide yacht market continues to grow – especially the luxury segment – and that the city can capture a share of that growth. He said the government is rolling out measures to boost the yacht economy, including steps to make visits by such vessels easier, and will host the Festival of Connoisseurs from November 4 to 6. Wong added that four new marina projects – at the airport, Lamma Island, Aberdeen and Hung Hom – are moving ahead. Together they will provide more than 1,100 berths, a 30 percent increase from the existing total, he said. Secretary for Transport and Logistics Mable Chan said there are adequate facilities for mainland yachts to moor and dock in the SAR. "At the present moment, we have allowed these mainland yachts to dock or moor at five designated mooring anchorage areas, in addition to the existing mooring facilities in yacht clubs. We consider that this could meet the demand," she said. "Coupled with the real-time dynamic monitoring system, the Marine Department can communicate with the mainland yacht captains so as to facilitate their travel in Hong Kong waters." Wong thanked the central government and relevant units in Guangdong and Hong Kong for their support in implementing the travel scheme. "Whether it's Hong Kong yachts heading north or Guangdong yachts heading south, the essence is mutual benefit – a win-win-win," he said. "We believe the travel scheme can open up a brand-new maritime channel for residents and visitors on both sides, jointly driving economic development in both places." Edited by Aaron Tam

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