
Analysis: From Brotherhood to Border Fire: The Bangchak Affair and the Hun Sen-Thaksin Fallout
In Southeast Asia’s latest border crisis, artillery fire and landmines dominate the headlines. But behind the barbed wire sits a quieter struggle over money and power. At the centre is Bangchak Energy, one of Thailand’s most important energy firms, and a fight over who really controls a large block of its shares. That contest now reaches into the inner circle of Cambodia’s ruling family and the once-close relationship between Hun Sen and the Shinawatra clan.

