T HIRTEEN of the best known international companies investing and operating in

Cambodia have come together to form the Corporate Club.

The Club is an

informal gathering of these corporate investors to discuss issues of mutual

interest regarding the development of the Cambodian economy and its

legislation.

"It is perceived that the Club will become a sounding board

not only for international investors, but also for the Royal Government on

commercial, financial, and investment issues" said Roger Ottenheym, who is

heading up the five-member Club steering group for the Shell Company of Cambodia

Ltd SA.

The Club's founding members include, in alphabetical order, the

Accor Group (Hotel Sofitel Cambodiana), Banque Indosuez, Cambodia Beverage

Company (Coca Cola and F&N), Cambodian Public Bank, Cambrew (Angkor Beer,

Pepsi), Diethelm Travel, EAC (Marlboro and other consumer products), Entreprise

Oil, IMIC (Reuters, Land Rover, and P&O), Maybank, MCC Transport, Telstra

OTC, The Shell Company of Cambodia Ltd SA, and Total Cam-bodge.

Initially

the Club will remain an informal gathering and membership will be limited for

the foreseeable future to founding members, all of whom are regarded for their

reputation as genuine investors.

A number of issues have been raised by

the Club, which acts only in the common interest of its members. These include

the ambiguities which surround the general business environment in

Cambodia.

"It is our intention to assist in creating an atmosphere that

is conducive to the development of sound economic growth and the attracting of

foreign investment" said George Loubeyre, Country Manager of Banque

Indosuez.-Released by the Corporate Club