OMIC Ltd., the majority British-owned holding group based in Hong Kong, has announced

the launch of its Cambodian subsidiary, IMIC Ltd.

IMIC Ltd., which stands for International Management & Investment Consultants,

represents the first major internationally backed business services group in Cambodia.

"We are clearly delighted that our estimates for establishing a Cambodian trading

subsidiary have been very accurate," said General Manager Jules Thomas. "IMIC

Ltd. will now take all the ground work done in the past 6 months as its starting

point and build from there."

IMIC's key area of activity will center on marketing and research. The firm has completed

a number of consumer goods research studies for major international corporations.

The group's other areas of activity, investment reports and agency work, are progressing,

according to Thomas.

While focusing on international clients, IMIC has also been approached by both locally

established companies and by groups having representative offices or distributors

in Phnom Penh.

Notice

The Phnom Penh Post would like to acknowledge that the article "Power Woes

Dim Economic Outlook," (Vol. 2, No. 8) written by Brian Bentback Hansford first

appeared in The Standard Chartered Indochina Monitor (Vol.2, No 4). The Standard

Chartered Indochina Monitor is produced monthly for international distribution on

a subscriber basis and includes a compendium of in-depth articles and up-to-date

economic data on the economies of Vietnam, Laos and Cambodia. Individuals and/or

corporations interested in subscribing should contact John Janes at Standard Chartered's

Phnom Penh office.