Malaysia – Tan Sri Lim Kok Thay, the chairman and CEO of Genting Hong Kong, has resigned just days after the cruise operator declared winding down of business, in what is viewed as one of the largest Asian corporate losses from the Covid-19 outbreak so far. According to Bloomberg, Lim’s departure was effective as of January 21, according to a …

Following the shutting down of its operations, the homegrown multi-label retailer Naiise will proceed to liquidating its assets. Naisse founder Dennis Tay posted on his Facebook page that he will be filing for personal bankruptcy as well. He made the decision after Naiise, known as a creative marketplace of products made by Singapore designers has ceased operating its last retail …