World

Donaco’s Casino Gamble Matter in Cambodia has got Complicated

Published

7 years ago

June 20, 2019

Donaco International’s immersion in the legal proceedings with its biggest individual shareholder has got complicated. The shares of Donaco’s biggest institutional shareholder (Orchard Capital Partners Asia) which were not obtained through a loan default by Joey Lim (co-founder of Donaco International) have been seized by the Australian regulators.

After the demise of Joey Lim’s grandfather, Lim Goh Tong in 2007, Joey Lim handled his business and listed Donaco on the ASX by reverse takeover in 2013. He entered a deal to acquire Star Vegas, the largest casino in Poipet, which made him a regional player. Donaco invested US$360 million to own Star Vegas from the Thai businessman and politician, Somboon Sukjaronkraisri. However, Somboon entered an agreement to manage the casino for a couple of years with a guarantee of giving US$60 annually. Later, the two businessmen got entangled in a legal dispute due to the rights issue of Lim’s loan with Somboon’s shares.

After the failure of the agreement for Somboon’s management deal extension, the operation of two casinos up the road from Star Vegas contributed to an increase in the conflict with Donaco. Following Donaco’s efforts in upgrading Star Vegas guest rooms and its gaming floor, the casino unit has claimed that Somboon’s casinos violated the non-compete clause in the sales agreement. Due to this, the two parties are going through the arbitration process in Singapore and litigation procedure in Australia, Cambodia, and Thailand.

Lim failed to pay multiple payments in 2018 to the lender OCP Asia. Due to the loan defaults by Lim, OCP Asia acquired 27% shares of Donaco. Following this, Lim, Donaco director filed complaints to Australia’s Takeover Panel related to OCP Asia’s acquisition. It is decided that OCP Asia didn’t breach any regulations but it acquired shares at the time when the market didn’t have any knowledge about Lim’s loan default.

The growth of Thai casino industry has contributed to the introduction of many popular online casinos such as scr888. And hence it is important for Donaco International to resolves all its disputes to take advantage of the growth opportunities. Ending the complications is the only medium which could help Donaco to raise the value of its shares in the industry.

World

Swiss International University Makes Global Impact with Top 500 Times Higher Education Ranking

Published

4 weeks ago

June 24, 2026

Jenny Jackson

Swiss International University (SIU) got a real kind of milestone , when it landed inside the worlds top 500 universities in the newest Times Higher Education (THE) Impact Rankings. Which is kind of huge because it is SIU’s first time appearing in those widely respected rankings, and it also shows how its influence keeps growing in international higher education.

SIU was competing with nearly 2,000 universities from different parts of the world, and that first debut basically underlines its dedication to academic quality, sustainability and a real societal footprint. Overall it seems like the result mirrors SIU’s own plan for delivering solid education , while also aligning with bigger global development objectives.

Now, the Times Higher Education Impact Rankings look at universities through what they do for the United Nations Sustainable Development Goals , or SDGs. So the assessment is about universities creating verifiable positive change through education, research, community activities, plus governance— not just statements.

One of SIU’s strongest areas was the recognition tied to SDG 16 – Peace, Justice, and Strong Institutions. In that section, SIU placed roughly within the top 100 to 200 universities worldwide, and that points to its focus on advancing ethical leadership, transparency, accountability, and those institutional values that actually stick.

This recognition shows SIU keeps working hard to get students ready, with the know-how , the ability to act and those ethical foundations, so they can face tangled global problems. And you know, by supporting responsible leadership and pushing for good social results, the university keeps building up its part in shaping the next generation of professionals and people who make real decisions

Key Highlights of SIU’s Achievement

• Ranked Among the World’s Top 500 Universities

In its first-ever participation in the Times Higher Education Impact Rankings, SIU managed to land a spot among the top 500 universities worldwide.

• Outstanding Performance in SDG 16

SIU reached a ranking in the top 100 to 200 range, across the globe, for its work related to Peace, Justice, and Strong Institutions.

• Strengthening Global Academic Presence

This win also reinforces SIU’s long-term vision, and it further tightens its standing as an emerging influence in international higher education.

Recognition from Times Higher Education is an important endorsement of SIU’s mission, to give accessible high-quality education while also making a positive impact in society. As the university keeps expanding its academic offerings and international reach, this milestone , works like a solid base for what comes next—future growth, more innovation, and that global recognition everyone is aiming for.