Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Reuters, IMIC Link Up

Reuters, IMIC Link Up

Reuters, IMIC Link Up

Reuters Ltd, the London-based news agency giant has appointed invnvestment consultancy

firm IMIC as its agent in Cambodia for Reuters Business Services. The announcement

follows Reuter's decision to separate its business service activities from its work

in news and television.

"Initially we shall be introducing small dish- based services carrying programs

such as Money 2000, and News 2000," said Jules Thomas, IMIC's general manager.

He said IMIC would also be offering the Reuter Wire service to interested parties.

IMIC Ltd, which stands for International Management and Investment Consultants Ltd,

is the Cambodian trading subsidiary of the majority British-owned, Hong Kong registered,

holding company OMIC LTD. OMIC/IMIC has been operating in Phnom Penh since early

Sept. 1992.

As Cambodia's banking sector develops, and the competition for corporate clients

and new business increases the emphasis will be placed on banks to offer the best

possible services to potential clients. Thomas said he was confident of the future

of IMIC Reuters in Cambodia.

"It is not a question of whether a bank can afford to have the system, but whether

they cannot afford to be without it," he said.

IMIC will provide clients with complete installation, training, and support services

from their offices at 2 Boulevard Tousamouth, where full demonstration facilities

are currently being installed and where locally-employed IMIC staff will be able

to provide a local help line service.

Reuter's move into Cambodia comes at a time when many investors are said to be holding

off.

"We are not interested in short term projects but in long term investment, and

our move into Cambodia at this time is a statement of our confidence in the country,"

said regional manager Graham Spencer, who is also spearheading Reuter's move into

Laos and Vietnam.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all