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Cambodia's tourism takes hit as border clashes with Thailand drag on

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Cambodia's tourism takes hit as border clashes with Thailand drag on

2025-12-21 11:35 Last Updated At:12-22 12:38

The ongoing border clashes between Cambodia and Thailand have weighed heavily on Cambodia's tourism industry, a key pillar of the country's economy, as visitor numbers drop steeply.

Since the border clashes spilled over to the province of Siem Reap in Cambodia, once-busy streets in local main tourist destination Siem Reap have seen much fewer tour buses, with local hotels and restaurants suffering significantly dropped customer arrivals.

"Since the border clashes started, tourism in Siem Reap has been badly affected. Visitors from Europe and Asia have been continuously canceling their bookings," said Khiev Roth, a hotel manager in the city.

On a popular pub street, bar and restaurant staff said business has slumped after a brief recovery in November and early December.

"The border clashes have a big impact on tourist numbers. Recently very few customers came in. Fewer people come to the pub street in Siem Reap, and our massage shop's income has been roughly cut by half," said Srey Nich, who works at a massage shop.

"During the conflicts between Cambodia and Thailand, we saw a decline in tourist numbers too," said Sean Kolab, a restaurant manager.

At the ticket office of Cambodia's best-known heritage site Angkor Wat, peak-hour crowds have thinned, with only small groups of visitors in sight.

"In short, it is very quiet. It is supposed to be the peak season for tourism, but tourist arrivals have decreased and many visitors have canceled their bookings. It is much quieter than before," said Channy, a local guide.

Revenue from ticket sales and related industries is vital for the maintenance of Angkor Wat. Industry workers warn that prolonged conflict could deliver a double blow of reduced income and fewer resources for preservation.

The new round of Cambodia-Thailand border conflict erupted on Dec 7, with both sides accusing the other of initiating the attack.

Cambodia's tourism takes hit as border clashes with Thailand drag on

Cambodia's tourism takes hit as border clashes with Thailand drag on

Cambodia's tourism takes hit as border clashes with Thailand drag on

Cambodia's tourism takes hit as border clashes with Thailand drag on

Hong Kong's stock market stayed afloat Friday despite a wave of lock‑up expiries from major listings, said China Global Television Network (CGTN) analyst Timothy Pope.

Lock‑up expiries occur when restrictions on early investors selling shares after IPOs are lifted, often adding volatility to trading.

The benchmark Hang Seng Index rose 0.60 percent to close at 24,175.12 points, while the Hang Seng China Enterprises Index gained 0.52 percent to 8,039.19. The Hang Seng Tech Index slipped 0.21 percent to 4,721.66.

Pope noted the market's resilience, pointing out that the Hang Seng finished the week up about 3.5 percent even as lock‑up releases pressured individual stocks.

"Hong Kong's markets definitely in strong shape on Friday. The Hang Seng [Index] closed 0.6 percent higher but was up around 3.5 percent for the week as a whole, I think. The market really stayed afloat through a wave of lock-up expiries. This week we had the two big ones -- Knowledge Atlas and MiniMax. They were initially doing okay. Knowledge Atlas in particular managed to gain in the wake of 6 percent of its outstanding shares being released for sale this week, but today it was down 19 percent. Minimax was down both days as well. This was always going to be a tougher one because 45 percent of the company's outstanding shares came out of lockup all in one go. Today it fell 9.6 percent. This week also saw the market debut from Apple contractor Luxshare, and its secondary listing in Hong Kong. Today it was up 1.5 percent. That strong IPO pipeline in Hong Kong as well really has set the index on a strong run despite the volatility that we are seeing on the Asian markets recently," said Pope.

Hong Kong stocks hold firm despite mass lock-up expiries

Hong Kong stocks hold firm despite mass lock-up expiries

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