While youth income hasn’t risen, taxi fares are set to go up. Will a 10% increase lead to a decline in business? Time will tell. Here’s what’s making news in the Cantonese press in Hong Kong today.
Income of the youth has not changed in 10 years
Yesterday, the Census and Statistics Department published its latest report on Hong Kong’s youth. The report says that almost 40 percent of those aged 15 to 24 have an undergraduate university education – twice the percentage of 10 years ago. However, the median monthly salary of the group has not changed. It remains stuck around HK$8,000, failing to rise in line with inflation. According to academics, this situation is the outcome of efforts of former Chief Executive Tung Chee-hwa’s administration to promote secondary school education. They say that doing nothing will be an invitation to social disorder.
Rise in taxi fare could lead to a fall in business
The city’s nearly 30 taxi groups yesterday came to a consensus over their request to the Transport Department on a fare rise. They plan to ask for a flag fall rate of HK$22 in place of the current rate of HK$20. They will also ask for a HK$0.10 rise in the unit distance fare from 2.2 to 9 kilometers. The fare rises would go into effect in the second half of 2013. A taxi drivers’ association says that, after the fare rise, business will fall by 20 percent. Additionally, the association says that the financial burdens of drivers will rise due to rising gas prices and increasing taxi rents. The association said that it would monitor the effect of the fare rise before moving to raise taxi rents.
Leung supporters express their approval of his policy address housing proposals
According to poll by Chinese University of Hong Kong, only 15 percent of respondents were satisfied by Chief Executive Leung Chun-ying’s Policy Address. Thirty-six percent of respondents were not satisfied. Respondents were the most satisfied with the housing proposals that Leung raised in the Policy Address. However, Leung’s housing proposals were also the topic that respondents were the most dissatisfied with. Yesterday, at the Hong Kong Development Forum, several of Leung’s supporters countered criticisms leveled at the Policy Address by members of society. Choi Ngai-min of the Long Term Housing Strategy Steering Committee was particularly positive, saying that Leung’s proposals on housing were “just what the doctor ordered”.