DOCSLIB.ORG

Heartbeat of the City

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Sustainability Report Care for Customers Transport International Holdings Limited Holdings International Transport 2017 Annual Report Heartbeat of the City Transport International Holdings Limited 2017 Annual Report 2017 Annual Report I Sustainability Report Care for Customers Heartbeat of the City As a leading public transport operator in Hong Kong, Transport International Holdings Limited connects people day and night, serving the urban area, rural communities and the Airport – the true heartbeat of the city. Following the renewal of our flagship company KMB’s 10-year franchise, we are entering a new era of service improvement and network expansion, exemplified by the introduction of our “City Red” bus fleet representing energy and vitality. 2017 Annual Report I Contents 2 Group Profile 4 Business at a Glance 6 Key Franchised Bus Network in Hong Kong 8 Financial and Operational Highlights 10 Corporate Milestones 2017 12 Chairman’s Letter 16 Conversation with the Managing Director 20 Management Discussion and Analysis 22 32 36 38 Hong Kong Franchised Hong Kong Non- China Mainland Property Holdings and Public Bus Operations Franchised Transport Transport Operations Development Operations 40 44 50 54 Care for Customers Care for Employees Care for the Environment Engaging Stakeholders 96 Directors’ Profiles 103 Key Corporate Executives 104 Financial Reports 208 Financial Summary 209 Corporate Directory 2017 Annual Report 1 Group Profile Transport International Transport International Holdings Limited (“TIH” or the “Company”, SEHK: 62) is a leading public transport operator in Hong Kong and China Mainland. TIH is the holding company of The Kowloon Motor Bus Company (1933) Limited, Long Win Bus Company Limited, and a number of non-franchised transport providers. It also has business interests in property holdings and development in Hong Kong. We aspire to set the highest standards in the public transport industry by providing innovative, high quality services that take our customers safely and comfortably to their destination. We are able to achieve our vision by tailoring our services to meet our customers’ needs, improving the connectivity of our route network and providing instant communication of real-time information. Our commitment to sustainable business practices, enhanced shareholder value and the social and economic development of Greater China is unswerving. 2 Transport International Holdings Limited Group Profile Mission Vision Values Our mission to enhance shareholder Our vision to be a global leader in Our corporate values are centred value while contributing to the our field is based on a thorough on the delivery of service standards social and economic development of understanding of the needs of the that meet or exceed customer needs, Greater China can be summarised as people we serve, the introduction a consistent record of operational follows: of innovative technological and profitability, and support for the environmental solutions, and the communities we serve. D istinctive customer service attainment of new standards for R eliable performance safety, service and efficiency. I nnovation V alue for money E nvironmental responsibility S ustainable business practice Through engagement with our stakeholders, we aim to meet or exceed their expectations through the provision of high quality services and solutions. 2017 Annual Report 3 Business at a Glance Transport International Holdings Limited Hong Kong Franchised Public Bus Operations Hong Kong Non-franchised Transport Operations The Kowloon Motor Bus Company (1933) Limited Sun Bus Holdings Limited and its subsidiaries the Group’s flagship company, operates franchised with Sun Bus Limited as the flagship company, operate public bus services with a fleet of about 3,900 buses 386 buses offering a variety of non-franchised bus operating on 397 routes covering Kowloon, the New services to the residential and commercial sectors Territories and Hong Kong Island. through chartered hire services. Long Win Bus Company Limited New Hong Kong Bus Company Limited operates franchised public bus services with 245 buses jointly operates with its Shenzhen counterpart the 24- operating on 30 routes linking the New Territories with hour cross-boundary shuttle bus service (or “Huang Hong Kong International Airport and North Lantau. Bus” service) between Lok Ma Chau in Hong Kong and Huanggang in Shenzhen. 4 Transport International Holdings Limited Business at a Glance China Mainland Transport Operations Property Holdings and Development Shenzhen Bus Group Company Limited LCK Real Estate Limited is a Sino-foreign joint stock company providing public owns a 17-storey commercial building at 9 Po Lun bus and taxi hire services in Shenzhen. Street, Lai Chi Kok, Kowloon, Hong Kong with a total gross floor area of 156,700 square feet. KT Real Estate Limited owns a 50% interest in the site at Kwun Tong Inland Lot No. 240 at 98 How Ming Street, Kwun Tong, Kowloon, Hong Kong. Beijing Beiqi Kowloon Taxi Company Limited LCK Commercial Properties Limited is a Sino-foreign joint stock company operating taxi owns the Manhattan Mid-town shopping mall, which services in Beijing. is a two-level retail podium covering around 50,000 square feet at 1 Po Lun Street, Lai Chi Kok, Kowloon, Beijing Beiqi First Company Limited Hong Kong. is a Sino-foreign joint stock company offering car rental services in Beijing. TM Properties Investment Limited owns an industrial property at 1 Kin Fung Circuit, Tuen Mun, New Territories, Hong Kong, consisting of a single-storey high ceiling structure and a three- storey workshop building with a total gross floor area of 105,900 square feet. 2017 Annual Report 5 Key Franchised Bus Network in Hong Kong China Mainland Huanggang B1 Lok Ma Chau Sheung Shui 673 276A 277X A43 Fanling 276A Yuen Long Tai Po 73X A36 B1 968 A47X 74X 68X A33X New Territories 960 Tuen Mun 58M Sha Tin 48X Tsuen Wan A33 A41 49X A31 Popular routes of The Kowloon Motor Bus Company (1933) Limited 47X 48X 73X Popular routes of Long Win Bus Company Limited 47X 58M Group headquarters 49X Kowloon 42C Kwai Railways Fong 6C Wong Tai Sin Hong Kong International Airport 108 Tsing Yi 613 Sham Shui Po 6C 1A 68X Kwun Tong A41 A31 A36 Yau Tsim Mong Kowloon City A43 A47X A33/X 603 42C 74X 277X 1A 603 Lantau Island 108 673 North Point Tung Chung 968 613 Central & Western 960 Wan Chai Hong Kong Island 6 Transport International Holdings Limited China Mainland Huanggang B1 Lok Ma Chau Sheung Shui 673 276A 277X A43 Fanling 276A Yuen Long Tai Po 73X A36 B1 968 A47X 74X 68X A33X New Territories 960 Tuen Mun 58M Sha Tin 48X Tsuen Wan A33 A41 49X A31 47X 48X 73X 47X 58M 49X Kowloon 42C Kwai Fong 6C Wong Tai Sin 108 Tsing Yi 613 Sham Shui Po 6C 1A 68X Kwun Tong A41 A31 A36 Yau Tsim Mong Kowloon City A43 A47X A33/X 603 42C 74X 277X 1A 603 Lantau Island 108 673 North Point Tung Chung 968 613 Central & Western 960 Wan Chai Hong Kong Island 2017 Annual Report 7 Financial and Operational Highlights For the Year Ended 31 December 2017 Unit 2017 2016 Increase/ (Restated) (decrease) Financial Highlights Revenue (from continuing operations): HK$ million 7,899.9 7,744.2 2% – Fare revenue HK$ million 7,644.2 7,501.5 2% – Media sales revenue HK$ million 181.6 179.2 1% – Gross rentals from investment property HK$ million 74.1 63.5 17% Profit attributable to equity shareholders of the Company HK$ million 1,294.8 830.9 56% Earnings per share HK$ 3.11 2.04 52% Ordinary dividends per share HK$ 1.25 1.25 – Total equity attributable to equity shareholders of the Company HK$ million 9,542.9 7,825.8 22% Total assets HK$ million 14,656.0 13,312.5 10% Net borrowings HK$ million 1,120.5 1,648.4 (32%) Net finance income HK$ million 46.3 42.4 9% Cash generated from operations HK$ million 1,791.1 1,970.8 (9%) Key Financial Ratios Profit margin 16.4% 10.7% 53% Profit margin (for continuing operations) 10.9% 11.1% (2%) EBITDA margin 29.7% 24.2% 23% EBITDA margin (for continuing operations) 24.1% 24.5% (2%) Return on equity attributable to equity shareholders of the Company 13.6% 10.6% 28% Gearing ratio Times 0 .1 0.2 (44%) (ratio of net borrowings to total equity attributable to equity shareholders of the Company) Total borrowings/EBITDA (for continuing operations) 1.2 1.4 (14%) Current ratio 1.3 1.3 5% Dividend cover Times 2.5 1.6 56% (ratio of profit attributable to equity shareholders of the Company to total dividends paid and proposed for the year) Share price per share at year-end HK$ 25.15 22.10 14% Market capitalisation at year-end HK$ million 10,624.80 9,098.10 17% Operational Highlights Hong Kong Franchised Public Bus Operations: Average number of passenger trips per day Million trips 2.86 2.81 2% Number of licensed buses at year-end 4,217 4,162 1% Number of staff at year-end 12,363 12,610 (2%) Average number of staff per licensed bus at year-end 2.93 3.03 (3%) Hong Kong Non-franchised Transport Operations: Number of licensed buses at year-end 401 401 - Number of staff at year-end 678 634 7% China Mainland Transport Operations: Number of licensed buses at year-end 6,205 5,211 19% Number of taxis and vehicles for rental at year-end 9,284 7,505 24% 8 Transport International Holdings Limited Financial and Operational Highlights Profit attributable to equity HK$ million shareholders of the Company 1,500 1,200 900 600 300 Profit attributable to equity shareholders for 2017 was HK$1,295 million 0 2013 2014 2015 2016 2017 Earnings per share HK$ 3.5 2.8 2.1 1.4 0.7 Earnings per share for 2017 was HK$3.11 0 2013 2014 2015 2016 2017 Number of passenger
Recommended publications
  • Lunar New Year Events

    Lunar New Year Events

    FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo FRIDAY T. 19º/ 25º Air Quality Good MOP 8.00 3461 “ THE TIMES THEY ARE A-CHANGIN’ ” N.º 24 Jan 2020 HKD 10.00 A NEW PREMIUM CARRIER FROM WANZAI PORT RE-OPENING WHAT TO TAIWAN LAUNCHED FLIGHTS TO MACAU YESTERDAY DURING A MARRED BY IMPORTED EXPECT IN THE CEREMONY AT THE LOCAL AIRPORT CORONAVIRUS CASES YEAR OF THE RAT P4 P2 INSIDE AP PHOTO TOURISM BOARD CANCELS P8 WUHAN CORONAVIRUS Singapore The outbreak LUNAR NEW YEAR EVENTS of a SARS-like virus that’s killed at least 17 people appeared in the Asian financial hub of Singapore, as Chinese health officials scrambled to halt its spread. Travel was halted in Wuhan, China, where the virus was first detected, nearby municipalities restricted the use of transport and public sites, and schools in surrounding Hubei province delayed the opening of spring terms. Myanmar A top United Nations official who deals with human rights in Myanmar said yesterday that the international community must continue to put pressure on the Southeast Asian nation to follow any decision by the International Court of Justice regarding its treatment of minority Rohingya Muslims. In a unanimous decision, the court added that its order for so-called provisional measures intended to protect the Rohingya is binding “and creates international legal obligations” on Myanmar. AP PHOTO AP PHOTO The fabric of Australian life, that sun-licked, Japan Shelters made of cardboard start popping healthy, up in the basement of outdoor way Tokyo’s Shinjuku train of living that station right before the shutters come down has drawn at 11 p.m., in corridors people to the where “salarymen” continent for rushing home and couples on late-night decades, is dates have just passed under assault by.
  • Transport Department Notice Special Traffic and Transport Arrangements

    Transport Department Notice Special Traffic and Transport Arrangements

    Transport Department Notice Special Traffic and Transport Arrangements for Lunar New Year’s Eve 2010 Notice is hereby given that the following special traffic and transport arrangements will be implemented on the Lunar New Year’s Eve 2010: I. SPECIAL TRAFFIC ARRANGEMENTS HONG KONG ISLAND The following special traffic arrangements will be implemented on 13 February 2010 from the time specified below until 7.00 am on 14 February 2010. The implementation time may be varied if necessary: (A) Road closures (a) The pedestrian scheme will be implemented on the following roads from 12.00 noon (i) Lockhart Road east of Cannon Street; (ii) East Point Street; (iii) Great George Street west of Paterson Street; (iv) Pak Sha Road; (v) Yun Ping Road between Lan Fong Road and Kai Chiu Road; (vi) Kai Chiu Road; and (vii) Lee Garden Road between Hennessy Road and Pak Sha Road. (b) The following roads will be closed to all vehicular traffic from 3.30 pm onwards and as necessary (i) Sugar Street; and (ii) Gloucester Road service road northbound between Sugar Street and Yee Wo Street. (c) The following roads will be closed to all vehicular traffic from 5.00 pm onwards and as necessary (i) Cleveland Street; (ii) Paterson Street; (iii) Kingston Street; (iv) Great George Street between Paterson Street and Gloucester Road; P.1 (v) The kerbside lane of Gloucester Road service road between Gloucester Road service road and Cannon Street; (vi) Jardine’s Bazaar; (vii) Inner lane of Pennington Street between Irving Street and Yee Wo Street; (viii) Inner lane of Hennessy Road westbound between Jardine’s Bazaar and Lee Garden Road; (ix) Inner lane of Hennessy Road and Yee Wo Street eastbound between Lee Garden Road and East Point Road; and (x) Electric Road between Yacht Street and Lau Sin Street (except for franchised buses, police vehicles, vehicles of local residents to Park Tower and vehicles bearing labels issued by Food and Environment Hygiene Department).
  • Table of Content

    Table of Content

    Table of Content P. 2 Welcoming Message P. 3 Co-Organizers Supporting Institutions P. 4 Background of the Conference Keynote Speakers P. 5 Plenary Speakers - Day 1 P. 6 Plenary Speakers - Day 2 Speaker - Closing Remarks P. 7 -10 Conference Schedule P. 11 Details of Keynote Speeches P. 12 -13 Details of Plenary Sessions P. 14 Details of Closing Remarks P. 14 -17 Details of Breakout Sessions P. 18 -19 Details of Poster Sessions P. 20 Exhibitions P. 21 Registration Accommodation P. 22 Meal Arrangement Dining P. 23 - 24 Transport P. 25 Information for Visitor Cultural & Tour Program Appendix P. 26 Information for Presenters P. 27 Map of Conference Venue P. 28 Map of Lingnan University 1 Welcoming Message WELCOME TO THE 6TH PAN -ASIAN INITIATIVE ON SERVICE -LEARNING & THE 2ND ASIA -PACIFIC REGIONAL CONFERENCE ON SERVICE -LEARNING Crossing Borders, Making Connections: ServiceService----LearningLearning in Diverse Communities Lingnan University, 2009 Welcome and thank you for celebrating with us this momentous occasion. We are proud to introduce the 6th Pan-Asian Initiative on Service-Learning and the 2 nd Asia-Pacific Regional Conference on Service-Learning. Co-organized by the Office of Service-Learning in Lingnan University, Lingnan Foundation, and the United Board, this event is designed to expand the awareness and recognize the importance of Service-Learning in higher education. The theme of this year’s conference is “Crossing Borders, Making Connections: Service-Learning in Diverse Communities.” It aims to further develop the concept of Service-Learning in the context of diversity and pluralism, as well as touch upon important topics, such as the ethical dimensions in Service-Learning and the relationship between Social Enterprise and Service-Learning.
  • Contributing to the Growth of Hong Kong for Years

    Contributing to the Growth of Hong Kong for Years

    Transport International Holdings Limited CONTRIBUTING TO THE GROWTH OF HONG KONG FOR 80 YEARS Transport International Holdings Limited 9 Po Lun Street, Lai Chi Kok, Kowloon, Hong Kong Telephone : (852) 2786 8888 Facsimile : (852) 2745 0300 www.tih.hk Stock Code: 62 Concept and design by YELLOW CREATIVE (HK) LIMITED 2012 Annual Report The FSCTM logo identifies products which contain wood from well-managed forests certified in accordance with the rules of the Forest Stewardship Council. Transport International Holdings Limited 2012 Annual Report TIH_Eng.indb 2 13年4月17日 下午4:10 Corporate Directory BOARD OF DIRECTORS BOARD COMMITTEES Bermuda Dr Norman LEUNG Nai Pang^ Audit Committee Butterfield Fulcrum Group GBS, JP, LLD, BA Dr Eric LI Ka Cheung (Bermuda) Limited Chairman CONTRIBUTING TO SIU Kwing-chue, Gordon 26 Burnaby Street Hamilton HM 11 Dr John CHAN Cho Chak^ John Anthony MILLER THE GROWTH OF HONG KONG GBS, JP, DBA(Hon), DSocSc(Hon), Bermuda BA, DipMS, CCMI, FCILT, FHKIoD Nomination Committee Deputy Chairman REGISTER OF MEMBERS Dr John CHAN Cho Chak FOR YEARS Book closure for 2013 AGM: KWOK Ping-luen, Raymond# Dr Eric LI Ka Cheung 16 May 2013 to 23 May 2013 80 JP, MA(Cantab), MBA, Hon DBA, Hon LLD SIU Kwing-chue, Gordon (both dates inclusive) Dr KWOK Ping-sheung, Walter# Remuneration Committee JP, D.Sc., MSc(Lond), DIC, MICE Book closure for 2012 final dividend: Dr John CHAN Cho Chak 29 May 2013 NG Siu Chan# Dr Eric LI Ka Cheung Professor LIU Pak-wai DIVIDENDS 1933 William LOUEY Lai Kuen# BSc(Econ) Standing Committee Interim HK$0.15
  • Chapter 5: Getting Around Hong Kong

    Chapter 5: Getting Around Hong Kong

    Chapter 5: Getting Around Hong Kong The Road Crossing Code It is safer to cross the road using footbridges, subways, “Zebra” crossings or “Green man” crossings. If you cannot find any such crossing facilities nearby, there are some basic steps for crossing roads that you need to observe: 1. Find a safe place where you can see clearly along the roads in all directions for any approaching traffic. 2. When checking traffic, stop a little way back from the kerb where you will be away from traffic. 3. Look all around for traffic and listen. However, electric/hybrid vehicles including motorcycles may operate very quietly. You need to look out for them in addition to listening. If traffic is coming, let it pass. Look all around and listen again. 4. Let the drivers know your intention to cross but do not expect a driver to slow down for you. 5. Do not cross unless you are certain there is plenty of time. Walk straight across the road when there is no traffic near. 6. Keep looking and listening for vehicles that come into sight or come near while you cross. 7. Do not carry out any other activities, such as eating, drinking, playing mobile games,using mobile phones, listening to any audio device or talking while crossing the road. Give all your attention to the traffic. Using crossing facilities Crossing aids are often provided to help you cross busy roads. Footbridges and subways: Footbridges, subways and elevated walkways are the safest places to cross busy roads as they keep pedestrians well away from the dangers of traffic.
  • The Kowloon Motor Bus Holdings Limited

    The Kowloon Motor Bus Holdings Limited

    THE KOWLOON MOTOR BUS HOLDINGS LIMITED (incorporated in Bermuda with limited liability) (Stock Code: 062) RESIGNATION OF DIRECTOR The Board of Directors (the “Board”) of The Kowloon Motor Bus Holdings Limited (the “Company”) announces that due to personal reasons, Mr. Rafael Hui, GBS, JP has resigned as Director of the Company and of its subsidiary companies, The Kowloon Motor Bus Company (1933) Limited and Long Win Bus Company Limited, with effect from 1 May 2005. The Board would like to take this opportunity to thank Mr. Hui for his invaluable contribution to the Company during his service with the Company. The Board is not aware of any other matters relating to the resignation of Mr. Hui that need to be brought to the attention of the shareholders of the Company. By order of the Board Lana Woo Company Secretary Hong Kong, 3 May 2005 As at the date of this announcement, the Board is comprised of The Hon. Sir Sze-yuen CHUNG, GBM, GBE, JP as Chairman and Independent Non-executive Director; Dr. Norman LEUNG Nai Pang, GBS, JP as Deputy Chairman; Dr. KUNG Ziang Mien, James, GBS, OBE (with Mr. KUNG Lin Cheng, Leo as alternate), Dr. Eric LI Ka Cheung, GBS, OBE, JP and Mr. SIU Kwing-chue, Gordon, GBS, CBE, JP as Independent Non-executive Directors; Mr. YU Shu Chuen as Honorary Executive Director; Mr. John CHAN Cho Chak, GBS, JP as Managing Director; Mr. Charles LUI Chung Yuen, M.H., Ms. Winnie NG, Mr. LUI Pochiu and Mr. Edmond HO Tat Man as Executive Directors; Mr.
  • The Hong Kong Institute of Architects Third Quarterly General Meeting 26 September 2019 President's Report

    The Hong Kong Institute of Architects Third Quarterly General Meeting 26 September 2019 President's Report

    App B The Hong Kong Institute of Architects Third Quarterly General Meeting 26 September 2019 President's Report Dear Members, I am pleased to share with you some of our remarkable efforts made both locally and overseas during this busy but fruitful summer. Promoting Architectural Excellence HKIA Idea Design Competition 2019 The HKIA Idea Design Competition 2019, supported by the Architectural Services Department, was successfully held this summer. The competition called for a design idea for the Entrance Gateway for the Victoria Park Lunar New Year Fair in January 2020. As a member of the jury panel, I was impressed by the creativity of the candidates’ design schemes. You may visit the winning design, Gateway of Happiness, at Victoria Park Lunar New Year Fair 2020! 2019 Hong Kong & Shenzhen Bi-City Biennale of Urbanism\Architecture ('UABBHK2019') With the theme '2 x 2: Imagine to Innovate', the UABBHK2019 curatorial team, led by Mr. Roger Wu, believes the key lies in how current and future generations imagine and envision the city, and would focus on exploring new proposals and experiments that can bring positive changes to the city. In between May to August 2019, 5 curatorial conversations with the intentional curatorial advisors, past UABBHK curators and some well-known curator and architects in Hong Kong as speakers, were held, to engage the stakeholders of the exhibition in dialogues shaping the exhibition. With more than 70 installations, the exhibition would be satellite exhibitions to be held at The Mills, West Kowloon High-speed Rail Station, 7 Mallory Street, Wanchai, and Shenzhen exhibition venue from December 2019 to March 2020.
  • Senior Management

    Senior Management

    SENIOR MANAGEMENT Edmond HO Tat Man MA(Cantab), MBA, CMILT, MHKIoD Aged 47. Managing Director of Transport International Holdings Limited, The Kowloon Motor Bus Company (1933) Limited and Long Win Bus Company Limited. Also Managing Director of KMB (China) Holdings Limited and a Director of RoadShow Holdings Limited. Brief biography of Mr Ho is set out on page 125 of this Annual Report. Charles LUI Chung Yuen M.H., BEc, AASA, FCILT Aged 74. Executive Director of Transport International Holdings Limited. Director of The Kowloon Motor Bus Company (1933) Limited and Long Win Bus Company Limited. Also Chairman of KMB (China) Holdings Limited. Brief biography of Mr Lui is set out on page 123 of this Annual Report. William HO Sai Kei BBA, MBA, CA(Canada), FCPA, MHKIoD Aged 41. Finance and Administration Director of The Kowloon Motor Bus Company (1933) Limited (“KMB”). Before joining KMB in 2003, Mr Ho held senior finance positions in two groups of companies listed on The Stock Exchange of Hong Kong Limited. He also has over nine years of experience in public accounting in Canada and Hong Kong. James Conrad LOUEY BSc Aged 44. Commercial Director of The Kowloon Motor Bus Company (1933) Limited (“KMB”). Mr Louey joined KMB in 1990 and was appointed Head of Human Resources Department in 1993. He was promoted to Commercial Director in March 2006. On community service, Mr Louey is currently a member of the Ninth and the Tenth Session Henan provincial committee of the Chinese People’s Political Consultative Conference. Tim IP Chung Tim BSocSc, MSc, DIC, CMILT Aged 55.
  • Paper on Fare Increase Applications by Kowloon Motor Bus Company

    Paper on Fare Increase Applications by Kowloon Motor Bus Company

    立法會 Legislative Council LC Paper No. CB(4)519/18-19(05) Ref. : CB4/PL/TP Panel on Transport Meeting on 15 February 2019 Background brief on fare increase applications by Kowloon Motor Bus Company (1933) Limited and Long Win Bus Company Limited Purpose This paper provides updated background information on the fare adjustment arrangement ("FAA") for franchised buses and summarizes the discussions of members of the Panel on Transport ("the Panel") on FAA and previous fare increase applications from Kowloon Motor Bus Company (1933) Limited ("KMB") and Long Win Bus Company Limited ("LWB"). Background Information 2. KMB and LWB last increased their fares by an average rate of 3.9% and 3.2% in 2014 and 2011 respectively. Fare Adjustment Arrangement for franchised buses 3. Under Section 13(1) of the Public Bus Services Ordinance (Cap. 230) ("PBSO"), fares of franchised bus services are to be charged according to a scale of bus fares determined by the Chief Executive-in-Council ("CE-in-Council"). The Administration would take into account a basket of factors known as the Modified Basket of Factors approach in assessing bus fare adjustment for the purpose of making recommendations to CE-in-Council. 4. Under the current FAA for franchised buses, the Administration should take into account the following factors in assessing a bus fare increase application – (a) changes in operating costs and revenue since the last fare adjustment; - 2 - (b) forecasts of future costs, revenue and return; (c) the need to provide the operator with a reasonable rate
  • Chinese New Year Vocabulary in Colloquial Cantonese (1/5)

    Chinese New Year Vocabulary in Colloquial Cantonese (1/5)

    Chinese New Year Vocabulary in Colloquial Cantonese (1/5) Chinese English Jyutping 農曆新年 Lunar New Year nung4 lik6 san1 nin4 過年 New Year gwo3 nin4 春節 Spring Festival ceon1 zit3 大掃除 spring cleaning daai6 sou3 ceoi4 年廿八, Spring cleaning saying: on the nin4 jaa6 baat3 ,sai2 laap6 th 洗邋遢 28 , wash away the dirt taap3 除夕 Chinese New Year's Eve ceoi4 zik6 年卅晚 Chinese New Year's Eve nin4 saa1 maan5 團年飯 reunion dinner tyun4 nin4 faan6 First day of the Lunar nin4 co1 jat1 年初一 Calendar pay visits during 拜年 baai3 nin4 Chinese New Year 利是 red packet (with money) lei6 si6 逗利是 receive red packets dau6 lei6 si6 封利是 give out red packets fung1 lei6 si6 一封利是 one red packet jat1 fung1 lei6 si6 © Cantonese for Families. For non-commercial use only. For more free Cantonese resources, please visit www.CantoneseforFamilies.com Chinese New Year Vocabulary in Colloquial Cantonese (2/5) Chinese English Jyutping 佈置 decorations bou3 zi3 倒福 upside down Fortune banner dou2 fuk1 揮春 red banners fai1 ceon1 花結 Chinese decorative knot faa1 git3 燈籠 lantern dang1 lung4 金元寶 gold ingots gam1 jyun4 bou2 慶祝 celebration/ celebrate hing3 zuk1 好意頭 Good luck hou2 ji3 tau4 打麻雀 play mah-jong daa2 maa4 zoek3 炮仗 firecrackers paau3 zoeng6 燒炮仗 let off firecrackers siu1 paau3 zoeng6 煙花 fireworks jin1 faa1 年宵市場 Lunar New Year Fair nin4 siu1 si5 coeng4 新春花車巡 Chinese New Year Night san1 ceon1 faa1 ce1 ceon4 遊 Parade jau4 花市 flower market faa1 si5 © Cantonese for Families. For non-commercial use only. For more free Cantonese resources, please visit www.CantoneseforFamilies.com Chinese New Year
  • Technical Tour

    Technical Tour

    Technical Tour 14 December 2010 (Tuesday) Tour A Western Harbour Tunnel Company Limited The Western Harbour Tunnel (WHT) is the first dual three-lane harbour tunnel built in Hong Kong, and in South East Asia. WHT directly links expressways and road networks on both sides of the harbour. WHT also links the Northwestern New Territories and, via Lok Ma Chau, connects to many superhighways in *XDQJGRQJ:KHQ:+7RSHQHGIRUSXEOLFWUDI¿FRQ$SULOLWKDVEHJXQDQHZHUDLQ+RQJ.RQJ V WUDQVSRUWDWLRQKLVWRU\1RWRQO\GRHV:+7UHGXFHFURVVKDUERXUWUDI¿FFRQJHVWLRQLWDOVRVWDQGVRXWDVWKH largest single transportation project in Hong Kong ever undertaken by the private sector. Quota: SHUVRQV ¿UVWFRPH¿UVWVHUYHGEDVLV Timetable 09:30 - 10:30 Assemble at the Mody Road Garden next to the InterContinental Grand Stanford Hong Kong (see the location of Mody Road Garden on page 24). Shuttle bus departs at 09:45. 10:30 – 10:35 Greetings by representatives of Western Harbour Tunnel Company Limited 10:35 – 10:55 Corporate Video on the Western Harbour Tunnel Project 10:55 – 11:15 Introduction to Tunnel Model 11:15 – 11:30 Tour of Central Control Room 11:30 – 12:30 End of Visit. Shuttle bus departs at 11:45 am to The Hong Kong Polytechnic University 12:30 – 13:30 Light Lunch in The Hong Kong Polytechnic University Programme of the 15th HKSTS International Conference I Transportation and Urban Substainability Technical Tour 14 December 2010 (Tuesday) Tour B MTR Corporation - Operations Control Centre (OCC) MTR Corporation is regarded as one of the world’s leading railways for safety, reliability, customer service and FRVWHI¿FLHQF\7KH075QHWZRUNFRPSULVHVQLQHKHDY\UDLOFRPPXWHUOLQHVWKH/LJKW5DLOV\VWHPLQWKH1HZ Territories and the Airport Express which serves passengers to and from Hong Kong International Airport and WKH$VLD:RUOG([SR,WSURYLGHVIDVWUHOLDEOHDQGHI¿FLHQWVHUYLFHVWRSDVVHQJHUVWUDYHOOLQJWKURXJKRXW+RQJ Kong Island, Kowloon, the New Territories and across the boundary into the Mainland of China at competitive fares.
  • JAVAD NEKOUNAM Shaikh Salman

    JAVAD NEKOUNAM Shaikh Salman

    QUARTERLY THE OFFICIAL MAGAZINE OF THE ASIAN FOOTBALL CONFEDERATION ISSUE 3 JAVAD Shaikh Salman New AFC President NEKOUNAM tells of his plans to Iran’s captain bring unity to Asia fantastic steers Team Melli to Brazil 2014 Quarter-finals ISSUE Preview PLUS OMAN The Sultanate striving for greater July3 2013 professionalism ALI AL HABSI BURIRAM UNITED WOMEN’S ASIAN CUP Middle East’s goalkeeping Thai FA Cup winners set their Jordan advance to first finals icon on Wigan Athletic’s sights on making their alongside Vietnam, Thailand and FA Cup triumph and inspiring mark at the highest level Myanmar to join Australia, Japan, the next generation of Asian club football China and Korea Republic hypervenom 2 july neymar.pdf 1 2/7/13 4:46 PM CONTENTS QUARTERLY Issue No. 3 July-September 2013 Official quarterly publication of the Asian Football Confederation Published on behalf of the Asian Football Confederation by Asian Sports Media in conjunction with World Sport Group Asian Football Confederation AFC House, Jalan 1/155B, Bukit Jalil 5700 Kuala Lumpur Malaysia Tel: +603 8994 3388 18 Fax: + 603 8994 2689 Interview: Shaikh Salman www.the-afc.com Bin Ebrahim Al Khalifa President: Shaikh Salman Bin Ebrahim Al Khalifa MEET THE NEW BOSS Vice Presidents: Zhang Jilong C HRH Prince Abdullah Ibni Sultan Ahmad Shah M Yousuf Yaqoob Yousuf Al Serkal Moya Dodd Y Ganesh Thapa 24 – JAVAD NEKOUNAM 42 – AFC CHAMPIONS CM With qualification for the FIFA World Cup LEAGUE PREVIEW FIFA Vice President: finals sealed, Javad Nekounam is setting HRH Prince Ali Bin Al Hussein MY The field contesting the continent’s his sights on even more success leading club competition is down to FIFA Executive Committee CY just eight.