久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

More-balanced fare adjustment

Updated: 2013-04-04 07:51

By Raymond So(HK Edition)

  Print Mail Large Medium  Small 分享按鈕 0

More-balanced fare adjustment

Five years ago, when the merger of the Kowloon-Canton Railway (KCR) and Mass Transit Railway (MTR) was conducted, the merged railway was operated by the MTR. To facilitate the merger, the MTR introduced one-off fare concessions of more than 10 percent.

On top of this concession, the MTR also implemented a direct drive fare-adjustment mechanism, which allows the company to adjust its fare each year according to a formula. According to this formula, salary increases in the transportation sector and inflation are taken into account. If the calculated fare adjustment hits a threshold, the MTR has the right to increase its fare. This Fare Adjustment Mechanism (FAM) was supported by lawmakers five years ago. However, as Hong Kong's economy moved from deflation to inflation, FAM figures continued to trend upwards. As a result, the MTR is able to increase its fare year after year. Given the MTR is earning billions of dollars, the increase in fare has become a hot social issue.

From the MTR's viewpoint, the FAM is a part of a legal document the company reached with the government. A responsible management should fight for the benefits of the shareholders. Given the fact that the FAM is a binding document, management of the MTR has to work according to the FAM. In other words, no matter how uncomfortable the society is with the fare increases, the MTR still has to go ahead with the increases.

Many critics suggest that the government should exercise its influence in the management of the MTR by virtue of its 76 percent shareholding. However, as the MTR is a listed company, it cannot be solely influenced by the government. Also, the government agreed to be a dormant shareholder when the MTR was first listed. If the government changed its role it will create more disagreements. Hence, the MTR fare adjustment issue cannot be resolved under the current setup.

More-balanced fare adjustment

Nevertheless, it does not mean that the government should do nothing. Increases in MTR fares can become a source of social discontent and the government needs to tackle this issue. The FAM is due for renewal and review this year, and there has already been a great deal of social expectation that the fare adjustment should be more "fair." I used quotation marks in the word fair because the expectation is that the fare should be adjusted downward.

However, this request is more sentimental than rational. When we look at the formula more carefully, the resultant figure is calculated by changes in salary of the transportation sector and inflation. Both figures make sense at first glance. If the society is experiencing salary increases and inflation, it is logical to have the MTR increase its fare according to these trends.

The tricky parts lie in the fact that many MTR users do not have salary increases that match inflation figures. Also, as mentioned above, the MTR is making billions of dollars of profit. When a company is making so much money, no matter how strong the legal grounds is, the public will not accept the fare increases.

Hence, in future revisions of the FAM, consideration should be given to the amount of profit the MTR is making. The general consensus is that there should be a preset threshold. If the MTR profit surpasses the threshold, then the company should not be able to raise its fares. A more complicated formula may also be necessary. Variables like salary increases of the general public, rather than those of the transportation sector, can be considered. The idea is to include more variables in the FAM, so the new one becomes more acceptable to the general public.

Nevertheless, one must be cautious not to have reverse discrimination on the MTR. The new FAM should not target fare reductions, as many legislators want. The new FAM should be transparent and direct driven, so that the MTR and the general public don't experience ambiguities over how the fare is adjusted. We must balance the benefits of both sides. At the end of the day, the MTR is a listed company and the company needs a reasonable level of profit. We should not expect the MTR to make a loss just for serving Hong Kong people.

The author is dean of the School of Business at Hang Seng Management College.

(HK Edition 04/04/2013 page11)

久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    欧美一区二区在线免费播放| 国产精品白丝av| 日本韩国欧美一区二区三区| 亚洲视频在线观看一区| 日本久久一区二区| 亚洲一区日韩精品中文字幕| 欧美日韩国产小视频在线观看| 天天免费综合色| 日韩视频在线你懂得| 精品午夜久久福利影院| 久久精品一级爱片| 99免费精品在线观看| 一区二区在线观看免费| 99久久伊人精品| 一区二区三区在线免费观看| 欧美在线视频你懂得| 日韩成人av影视| 26uuu欧美| k8久久久一区二区三区| 亚洲综合男人的天堂| 欧美精品日韩精品| 国产一区视频网站| 亚洲欧洲av色图| 欧美日韩综合在线免费观看| 男男gaygay亚洲| 中文天堂在线一区| 欧美性大战久久久久久久| 免费成人在线视频观看| 国产欧美一区二区精品久导航| 成人av电影在线播放| 亚洲午夜一区二区| 精品国产乱码久久久久久1区2区| 国产xxx精品视频大全| 亚洲精品国产品国语在线app| 欧美日韩大陆一区二区| 国产一区二区看久久| 自拍偷拍亚洲欧美日韩| 91麻豆精品国产91久久久| 国产精品一区二区三区99| 亚洲美女偷拍久久| 精品久久久久久亚洲综合网 | 亚洲精品大片www| 91精品久久久久久久久99蜜臂| 久久精品72免费观看| 国产精品久久久久久一区二区三区 | 成人av在线资源网站| 亚洲综合视频网| 精品va天堂亚洲国产| 色综合久久综合| 久久99久久久欧美国产| 亚洲美女视频在线| 精品毛片乱码1区2区3区| 一本色道久久综合亚洲91| 激情六月婷婷久久| 亚洲综合色视频| 久久女同性恋中文字幕| 91女厕偷拍女厕偷拍高清| 亚洲成av人片在线观看无码| www日韩大片| 91激情五月电影| 国产麻豆精品一区二区| 亚洲一卡二卡三卡四卡| 久久综合狠狠综合| 91理论电影在线观看| 免费视频一区二区| 亚洲视频一区二区免费在线观看| 日韩欧美的一区二区| 一本久道久久综合中文字幕| 蜜桃视频在线观看一区二区| 亚洲视频一二区| 日韩欧美不卡一区| 在线这里只有精品| 国产不卡一区视频| 九九在线精品视频| 午夜精品久久久久久久久久久| 国产精品久久久久aaaa| 久久综合五月天婷婷伊人| 69堂成人精品免费视频| 91麻豆福利精品推荐| 国产91富婆露脸刺激对白| 久久电影网站中文字幕| 丝袜亚洲另类丝袜在线| 亚洲乱码中文字幕综合| 国产精品美女久久久久久久| 久久综合色综合88| 宅男噜噜噜66一区二区66| 日本乱人伦一区| 97se亚洲国产综合自在线观| 国产精品一区二区91| 日韩在线卡一卡二| 亚洲国产精品久久不卡毛片| 亚洲婷婷国产精品电影人久久| 国产欧美va欧美不卡在线| 26uuu色噜噜精品一区二区| 日韩视频免费直播| 欧美精品日韩综合在线| 欧美日韩一区不卡| 欧美丝袜自拍制服另类| 91久久一区二区| 在线免费不卡视频| 色先锋资源久久综合| 99这里只有精品| 成人av综合在线| 成人av动漫网站| 国产乱码一区二区三区| 精品在线亚洲视频| 免播放器亚洲一区| 日韩高清欧美激情| 亚洲成人高清在线| 五月天中文字幕一区二区| 亚洲免费观看高清完整版在线| 国产精品久久久久久久久图文区 | 亚洲影视在线播放| 国产精品无人区| 久久亚洲综合色| 欧美一区二区视频在线观看2020| 欧美日韩一区二区三区四区| 色94色欧美sute亚洲线路一ni| av一二三不卡影片| 成人激情开心网| 成人动漫精品一区二区| 成人激情免费视频| 国产福利一区在线观看| 国产精品综合一区二区| 久久99国产精品麻豆| 国产一区视频导航| 国产ts人妖一区二区| 99在线视频精品| 色狠狠综合天天综合综合| 在线观看免费一区| 欧美精品在线一区二区三区| 91精品国产一区二区三区香蕉| 日韩精品一区二区三区视频播放 | 麻豆91在线播放免费| 国产一区二区三区国产| 国产精品66部| 99国产精品久久久久久久久久| 色婷婷av一区二区三区大白胸| 欧美三级在线视频| 日韩无一区二区| 国产欧美精品在线观看| 亚洲免费观看视频| 日韩av一级片| 国产成人亚洲综合a∨婷婷图片| 99视频精品在线| 欧美影视一区二区三区| 91精品一区二区三区久久久久久 | 国产精品一级片在线观看| thepron国产精品| 欧美午夜寂寞影院| 日韩精品一区二区三区在线观看| 久久九九久久九九| 亚洲精品va在线观看| 日韩激情视频在线观看| 国产精品1区二区.| 色先锋资源久久综合| 91精品国产综合久久香蕉麻豆| 亚洲精品一区在线观看| 中文字幕日韩精品一区| 偷窥少妇高潮呻吟av久久免费| 六月丁香婷婷久久| 99久久er热在这里只有精品15| 在线观看亚洲一区| 日韩欧美色综合网站| 亚洲欧洲韩国日本视频| 日韩av成人高清| 成人av电影在线观看| 在线不卡一区二区| 亚洲国产电影在线观看| 亚洲mv在线观看| 国产精品1区2区3区在线观看| 91国内精品野花午夜精品| 欧美日韩国产中文| 日本一区二区三区四区在线视频| 樱桃视频在线观看一区| 日本vs亚洲vs韩国一区三区| 成人av片在线观看| 日韩一区二区在线观看| 国产精品动漫网站| 奇米777欧美一区二区| av中文字幕在线不卡| 日韩欧美国产电影| 伊人一区二区三区| 国产成人综合在线观看| 911精品国产一区二区在线| 国产精品久久久一本精品| 美女久久久精品| 欧美性生活大片视频| 日本一区二区高清| 蜜桃av一区二区三区电影| 色婷婷av一区二区三区之一色屋| 久久这里只有精品视频网| 亚洲18影院在线观看| www.性欧美| 精品久久久久久久人人人人传媒 | 亚洲精选视频在线| 国产美女在线观看一区| 欧美精品在线一区二区三区| 成人免费在线视频观看| 黄页视频在线91|