Southeast Asia Information Port News (www.dnyxxg.com) – The border conflict between Cambodia and Thailand has triggered a wave of boycotts of Thai goods and businesses in Cambodia, putting unprecedented pressure on PTT OR, a Thai-based company, and its Cambodian brands, including PTT gas stations and "Amazon Cafe." In response, PTT OR stated it will reassess its business strategy in Cambodia.
Since the outbreak of armed conflict on the Cambodian-Thai border, the boycott in Cambodia has escalated. The public believes that Thailand's economic gains in Cambodia are being used to fund the modernization of the Thai military, thus exacerbating tensions between the two countries over the border issue, leading to the boycott. As a result, PTT OR's sales in Cambodia have declined significantly.
Ms. Wilaiwan Kanjanakanti, Senior Executive Vice President of Finance at PTT OR, stated that despite the challenges, the company's overall business performance in Cambodia remained strong in the first half of 2025. However, she acknowledged that due to consumer boycotts driven by nationalist sentiment, the company anticipates facing greater downward pressure in the Cambodian market in the second half of the year, particularly in the third quarter.
“We are closely monitoring the situation and look forward to a swift return to normalcy,” Ms. Wilaiwan Kanjanakanti revealed. “Once the situation improves, we will reassess and review our business operations in Cambodia.”
She also emphasized that the Cambodian market accounts for only 3% to 5% of PTT OR’s overall revenue, therefore its impact on the group’s overall performance is “negligible.”
Pitirat Rattanachote, Head of Investor Relations at PTT OR, stated that the company remains confident in achieving its full-year targets. He pointed out that although the Cambodian market has been affected by the border dispute, the company’s solid performance in other markets, such as Laos, is sufficient to offset some of the regional risks.
