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Thailand’s Deputy Prime Minister emphasized maritime boundary delimitation as key in UNCLOS proceedings with Cambodia, while addressing land border tensions and confirming readiness for upcoming meetings in The Hague.

Key Points

• Deputy Prime Minister Sihasak Phuangketkeow emphasized Thailand’s commitment to maritime boundary delimitation in conciliation proceedings with Cambodia under UNCLOS, following the first Commission meeting in Singapore on September 16, 2026. Thailand presented its position and responded to the Commission’s inquiries in alignment with international law.
• Thailand’s delegation, which includes the Ministry of Foreign Affairs and relevant agencies, is preparing for the upcoming meeting in The Hague, attended by Cambodian representatives.
• Responding to reports of Cambodian troops digging trenches at Hill 450, Sihasak noted the issue relates to land borders and doesn’t directly impact the maritime conciliation process. He stated that such developments could affect the atmosphere of discussions, while refraining from speculating on their intent pending an investigation.

Deputy Prime Minister and Minister of Foreign Affairs Sihasak Phuangketkeow stated that Thailand has reaffirmed that maritime boundary delimitation remains its primary focus in the conciliation proceedings with Cambodia under the United Nations Convention on the Law of the Sea (UNCLOS).

​Following the Conciliation Commission’s first meeting in Singapore on September 16, 2026, the Deputy Prime Minister said both parties presented their positions. Thailand addressed the Commission’s questions in accordance with international law and clearly outlined its stance on maritime delimitation.

​Thailand’s delegation, which includes the Ministry of Foreign Affairs and relevant agencies, is preparing for the next meeting in The Hague, the Netherlands, which Cambodian representatives have also agreed to attend.

​Addressing reports of Cambodian troops digging trenches at Hill 450 near Chong Kradon and Chong Sa-ngam in Phu Sing District, Sisaket Province, the Deputy Prime Minister said the issue pertains to the land border and is not directly part of the UNCLOS maritime conciliation process. He added that developments along the land border could influence the atmosphere of discussions and mutual trust.

​When asked whether the reported incident was intended to create tensions during the UNCLOS meeting, Sihasak declined to speculate, saying that relevant authorities will conduct a thorough factual investigation before making any official conclusions.

Source : Thailand Reaffirms Maritime Delimitation as Priority in UNCLOS Conciliation

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Sensex gained around 245 points to trade at 74,586 while Nifty 50 gained more than 104 points to trade at 23,321, as seen at 10.15 am. Broader markets also swung into the green, with Nifty Midcap 100 and Nifty Smallcap 100 rising nearly 1% each.

Zomato and Blinkit parent Eternal saw its shares jump around 3% to lead gains on Sensex. Bajaj Finance shares rose nearly 2%, while those of BEL, ITC and Axis Bank were up over 1% each. Bucking the trend, HDFC Bank, TCS, HCL Tech and Infosys shares fell nearly 1% each.

All sectoral indices except Nifty IT were trading in the green, with Nifty Metal, Nifty Pharma, Nifty PSU Bank, Nifty Auto and few others rising around 1% each. The overall market breadth turned positive, with NSE seeing 2,316 advances against 827 declines, while 105 stocks remained unchanged.

Also read | Explained: What US Fed’s first 25 bps rate hike in 3 years means for Indian stock market

Live Events

Federal Reserve hikes rate

The US Federal Reserve on Wednesday announced its first interest rate hike since 2023, with officials expecting one more increase later this year. The American central bank’s Federal Open Market Committee (FOMC) announced the decision after a two-day meeting, increasing the benchmark interest rate by 25 basis points to a range of 3.75-4%. This comes after consumer inflation stayed at 3.4% in August, same as last month but still much higher than Fed’s 2% target. Inflationary pressures were further intensified by soaring energy prices amid renewed tensions in the Middle East.
“There are no immediate signs for inflation to ease, especially given the stalemate in the Middle East. This means the Fed may need to continue to tighten to achieve its target,” Tai Hui, APAC chief market strategist at JP Morgan Asset Management, was quoted as saying by Reuters. Traders are now expecting a 50% chance of another Fed hike next month to rein in inflation. A total of three rate increases have been priced in for this tightening cycle.

Why caution is still warranted?

While the Indian stock market trades in the green, caution is still warranted. Today is Sensex’s weekly expiry day, which typically sees sharp volatility towards the end of the session. Additionally, bond yields remain elevated, with the benchmark US 10-year Treasury yield above the crucial 5% mark.

The Indian rupee weakened past the 96-mark against the US dollar today, marking the first time in over a month, driven by a stronger US dollar after the Federal Reserve raised interest rates and signalled further tightening. FIIs have also been selling heavily on Dalal Street.

Also read | PVR Inox buyback: Last chance to participate in multiplex operator’s Rs 300 crore buyback. Should you tender shares?

What lies ahead for Dalal Street?

The Fed’s decision to raise rates by 25 bps was completely on expected lines, as there was no justification for a hold in rates in the context of elevated inflation and a resilient economy with only 4.1% unemployment, said V K Vijayakumar, Chief Investment Strategist, Geojit Investments. He added that the hawkish message from Kevin Warsh that “inflation has been too high, and has been for too long” and that “ this committee will deliver price stability” can be construed as reassuring to the markets.

However, high bond yields will continue to weigh on equity markets, according to the analyst. Under normal circumstances, he feels that 5% yield on the 10-year would have triggered a sell-off in equity markets. But this is not happening now since US corporate earnings continue to be good. Warsh’s comment that “new hirings, private sector earnings and business capital investment point in a good direction” reflect a resilient economy and strong corporate sector, the analyst said, noting that this has the potential to act as a counterbalance to the high bond yields, thereby preventing a sell-off in the equity markets.

“The Indian market will continue to struggle. FIIs have been continuous sellers in India during the last six days and this trend is likely to continue. Another concern is the news of the U.S. House of Representatives passing a bill to impose a 100% tariff on countries like India which import oil from Russia. The geopolitical scene and Trump’s policies are getting murkier,” Vijayakumar warned.

(With inputs from agencies)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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The company has built its reputation around commercial surveillance systems, mobile surveillance trailers, security consulting, and expert system design. Its approach focuses on helping businesses choose and apply security technology based on the needs of each site.

Backstreet Surveillance works with a range of commercial security tools. These include high-definition cameras, motion detection, remote access, low-light technology, facial recognition, and licence plate recognition. Its systems are designed to support monitoring, recording, theft prevention, operational oversight, and security planning.

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Beyond its security systems, Backstreet Surveillance has developed a wider industry presence through educational content. Its YouTube channel, Backstreet Surveillance | The Security Experts, covers surveillance technology and practical security topics. The company is also connected with the podcast Beyond the Demo | The Ground Truth.

By combining commercial security experience with practical technology and industry education, Backstreet Surveillance has positioned itself as a knowledgeable voice in the evolving surveillance sector.

How did Backstreet Surveillance develop its focus on commercial security?

Our work has become centred on the needs of businesses and commercial properties. These locations often have more complex security requirements than a simple camera installation can solve.

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What role does licence plate recognition play in commercial security?

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That may include parking areas, commercial properties, industrial locations, or facilities with controlled access. It gives businesses another source of information when vehicle activity is important to their security plan.

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Why has low-light performance become an important feature?

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Where do mobile surveillance trailers fit into modern security planning?

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How does Backstreet Surveillance approach customer support?

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What do you think businesses should consider before choosing a surveillance system?

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What is next for the commercial security industry?

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The technology will keep developing, but good design will remain important. A strong commercial surveillance system still depends on matching the right tools to the right application.