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Hong Kong stocks see longest run of declines in two decades as city is hit by transport chaos

Hong Kong stocks posted their longest declining stretch in more than two decades, as protesters paralysed the city’s transport, disrupting commuter services and forcing flight cancellations. Meanwhile, China’s yuan weakened to breach the 7 mark against the US dollar.The Hang Seng dropped 2.9 per cent to 26,151.32 for a ninth straight day of declines on Monday. The last time when such a run happened was back in March 1997, a few months before the handover of the former British colony and the… Source link

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Hellobike plans to lead China’s two-wheeler transport market as bike-sharing rivals struggle

China’s bike-sharing craze may have cooled considerably, but Hellobike has no plans of letting up as its competitors struggle.The Shanghai-based start-up, whose fleet of bicycles sport a blue-and-white livery, became the country’s third biggest bike-sharing services provider by focusing on smaller cities. In contrast, market leaders Mobike and Ofo battled in larger cities like Beijing and pursued international expansion.While its two rivals have since beat a hasty retreat from overseas markets… Source link

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Vietnam 

Airlines need to take the initiative in human resources, says transport ministry official – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam is considered one of the fastest-growing aviation markets. The domestic market, including Vietnam Airlines, Jetstar Pacific, Vietjet Air, Bamboo Airways and Vasco, has witnessed the newest name Vinpearl Air, a member of Vingroup. The development of the aviation industry will require human resources and infrastructure. Deputy Minister of Transport Lê Đình Thọ yesterday spoke with Vietnam News Agency about the sector. How can airlines deal with the shortage of human resources? The appearance of new airlines in recent years has increased competition in Việt Nam’s…

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Singapore 

ECRL may be relaunched July 25, ‘good news’ soon on JB-Singapore RTS: Malaysian transport minister, Malaysia, Singapore News

KUALA LUMPUR – The newly revived East Coast Rail Link (ECRL) project may be celebrated in a relaunch ceremony on July 25, says Transport Minister Anthony Loke. He said Malaysian companies are also set to play a larger role as they will take on 40 per cent of the project’s civil works. “It is our hope that we fully utilise the project for the benefit of the Malaysian economy, not only at the construction stage but (in future) link up the whole railway network with the ports to ensure industrialisation…

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Singapore 

Visa credit cards can now be used on local public transport, Digital, Singapore News

Paying for local public transport using Visa contactless cards is now possible. This is one of Visa’s largest implementation for contactless payment and it’s also part of LTA’s (Land Transport Authority) SimplyGo initiative. Visa contactless-enabled cards1 issued by all banks2 in Singapore will be part of this transit initiative. Users will also be able to make use of mobile contactless transactions via compatible devices on the following payment platforms: Apple Pay Fitbit Pay Google Pay Samsung Pay Singtel Dash mobile wallet users can also use their Dash Visa Virtual Account3 to tap…

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Vietnam 

HCM City to reduce dependence on private investors for transport infrastructure – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Construction of HCM City’s ring road No 2 in Thủ Đức District.VNS File Photo. HCM CITY  —  HCM City has decided to convert a number of private transport infrastructure projects that were designated as BOT (build – operate – transfer) and BT (Built – Transfer) into public projects. Trần Quang Lâm, director of the Department of Transport, said the city has found it difficult to attract investment in transport infrastructure, especially ring roads, national highways and roads in inner districts. These include the 64km, six-lane ring road No 2, whose last…

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Singapore 

Fully cashless public transport system may not be implemented by 2020, Singapore News

SINGAPORE – The change to a fully cashless public transport system may not kick in by 2020. Based on a report in Chinese language paper Lianhe Zaobao on Sunday (May 19), the move may not be implemented by next year due to commuters’ concerns, especially among the elderly. The move to go fully cashless was announced by the Land Transport Authority (LTA) and subsidiary TransitLink in August 2017, in line with Singapore’s Smart Nation push. Then, it was reported that by 2020, all ticketing machines at MRT stations will accept…

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Vietnam 

Transport ministry after investment to fund North-South Expressway – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representatives of the Ministry of Transport and relevant ministries answer questions raised by potential investors at a conference on the North-South Expressway project held on Friday. – VNA/VNS Photo   HÀ NỘI Investors with financial capacity and experience implementing transport projects will be eligible to enter prequalification bidding for the North-South Expressway project, the Ministry of Transport has said.   The ministry is calling for domestic and foreign investors to fund the 654km North-South Expressway project, set to pass through 13 cities and provinces. Speaking at a conference held yesterday, Deputy Minister…

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Vietnam 

The Transport Minister mulls stricter penalties to drunk driving – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Traffic police takes alcohol test for a driver. —VNA/VNS Photo Việt Hùng HÀ NỘI — The Ministry of Transport (MoT) has asked the Directorate for Roads of Việt Nam (DRVN) to revise the Government Decree No 46 issued in 2016 towards imposing stricter penalties on drivers whose alcohol content in blood or breath exceeding the permitted level. Under the directive, which was signed by Transport Minister Nguyễn Văn Thể, the DRVN was requested to coordinate with the Department of Transport of provinces and cities to direct inspectors…

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Property 

New transport projects will create nine hubs in Hong Kong, boost property, says Colliers International

New railway lines and road networks will lead to the emergence of nine office, retail, business and cultural hubs in Hong Kong over the next five to seven years, according to a new study by property consultancy Colliers International Hong Kong.Property in the districts of Admiralty and Tamar, Wan Chai, Central and Western districts, Eastern districts, West Kowloon, Kowloon City, Sha Tin, Tuen Mun and Hung Shui Kiu and Lantau North will report a boost in prices amid improved potential, the study… Source link

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