KUALA LUMPUR: The government has introduced a new Public Transport Fund to enhance and improve the existing public transport system including the infrastructure and services. Finance Minister Lim Guan Eng said the fund which is at RM500 million will be managed by Bank Pembangunan Malaysia. “Through this fund, we hope to increase the number of rakyat using public transport by financing the system’s improvement,“ Lim said in his speech during the launch of the public transport fund here today. “The funding may be used to purchase vehicles like taxi, bus or other types of public transport vehicles, and can be utilised by the operators, suppliers, manufacturers, assemblers of the public transport vehicles and contractors as well as the developers of these infrastructure.” Lim added that a 2% financing rate subsidy will also be given to the successful applicants. “It is imperative for us to make our public transportation network a truly viable and … [Read more...] about Govt sets up Public Transport Fund
Transportation
News Technology makes transportation inclusive, says Angkas CEO
MANILA -- Technology makes services more inclusive, the head of ride-hailing service Angkas said, as she pushed for motorcycles as an alternative means of transportation. One of Angkas' goals is to remove the "stigma" that motorcycles are "killing machines," CEO Angeline Tham told a young entrepreneurs' summit. A digital platform also professionalizes motorcycles as an alternative to cars, she said. The Department of Transportation in December announced a technical study on classifying motorcycles as public transport. "Technology allowed us to make mobility inclusive in the Philippines," she told the 2019 GoNegosyo Entrepreneurship Summit. "People were having a difficult time commuting for a variety of reasons and we wanted a safe and reliable way to move people around," she said. Meet Angkas' expat CEO who gives new meaning to 'Bahala na si Batman' Tham earlier told ABS-CBN News that said she got the idea for Angkas when 5 years ago, she was late to several meetings with 6 hours … [Read more...] about News Technology makes transportation inclusive, says Angkas CEO
Shipping firm APL, captain fined in Hong Kong over transport of SAF Terrex vehicles
HONG KONG: Shipping firm APL and a vessel captain were fined a total of HK$99,000 (US$12,600) on Monday (Apr 29) for transporting nine Singapore Armed Forces (SAF) Terrex vehicles into Hong Kong without a proper licence in 2016.Chinese national Pan Xuejun, the vessel's captain, and APL were jointly charged and convicted of importing and exporting strategic commodities without a proper licence.Pan was handed a HK$9,000 fine and a three-month suspended prison sentence, while APL was fined HK$90,000 by the Hong Kong District Court.The SAF Terrex Infantry Carrier Vehicles and associated equipment were seized by local authorities on Nov 23, 2016, as the shipment was passing through Hong Kong. They were on their way back to Singapore after military exercises in Taiwan.The armoured troop carriers were returned to Singapore two months later, after Hong Kong authorities completed their investigations.Hong Kong Customs said in March … [Read more...] about Shipping firm APL, captain fined in Hong Kong over transport of SAF Terrex vehicles
Shipping firm APL, captain found guilty in Hong Kong over transport of SAF Terrex vehicles
HONG KONG: Shipping firm APL and a ship captain were found guilty on Monday (Apr 29) of transporting nine Singapore Armed Forces (SAF) Terrex vehicles into Hong Kong in 2016 without a proper licence.Both parties were jointly charged and convicted of importing and exporting strategic commodities without a proper licence. Chinese national Pan Xuejun, the vessel's captain, could be jailed for up to seven years, and both APL and Pan face an unlimited fine.The SAF Terrex Infantry Carrier Vehicles and associated equipment were seized by local authorities on Nov 23, 2016, as it was passing through Hong Kong. They were being shipped back to Singapore after military exercises in Taiwan.The armoured troop carriers were returned to Singapore two months later.Hong Kong Customs said in March 2017 that it had started prosecution of shipping firm APL and the captain.NO PROPER LICENCEThe prosecution alleged that the vehicles had no proper licence and were … [Read more...] about Shipping firm APL, captain found guilty in Hong Kong over transport of SAF Terrex vehicles
China spends $73 billion on transport infrastructure in March quarter: ministry
China's total fixed-asset investment in transport infrastructure hit 488.9 billion yuan ($72.66 billion) from January to March this year, up 4.8 percent from a year earlier, according to official data published on Sunday. China's spending on railways rose 10 percent to 101.2 billion yuan for the quarter, while its investment in high-speed highways reached 191.5 billion yuan, up 12.6 percent on-year, according to an online statement published by the Ministry of Transport. China is ramping up infrastructure investment to boost its slowing economy. The state planner approved 370.3 billion yuan worth of fixed-asset investment projects in the first quarter, mainly in energy, transportation and high-tech sectors. … [Read more...] about China spends $73 billion on transport infrastructure in March quarter: ministry