Thailand Braces for $3.1 Billion Hit From Dispute With Cambodia

Thai Prime Minister Anutin Charnvirakul’s government predicts losses could total 100 billion baht ($3.1 billion) from disruptions to cross-border trade with Cambodia, after a longstanding territorial dispute erupted into armed conflict earlier this year.

Following the closure of border crossings between the two countries, Thai businesses have lost an estimated 15 billion baht ($458 million) per month, according to minutes of last week’s economic committee meeting seen by Bloomberg News. Total losses could reach 100 billion baht if the situation persists through the end of the year, the minutes showed.