
Business Jan 23, 2022
How a billionaire’s global cruise empire imploded in Hong Kong
Lim Kok Thay started a cruise ferry and gambling boat business in 1990s Hong Kong and turned it into one of Asia’s biggest cruise operators.
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Lim Kok Thay started a cruise ferry and gambling boat business in 1990s Hong Kong and turned it into one of Asia’s biggest cruise operators.
Concerns over labor abuse in Malaysia, long present in the Southeast Asian country, have escalated in the past three months.
The project marks a big bet on Malaysia, which is emerging as a global center for testing and assembling semiconductors.
The tragedy shows the little-understood human cost of keeping industries happy and supply chains running while a contagious virus rages.
Sentenced to 12 years in a case involving around $10 million deposited in his personal accounts, elections are his way to stay out of jail.
In recent years Malaysia has emerged as a major center for chip testing and packaging, but numbers of COVID-19 infections are soaring in the country and putting operations at risk.