Thursday, October 08
Thailand has shut two of its border crossings to tourists as a "safety measure" amid ongoing tensions with its neighbour, Cambodia. The 'unexpected' move left thousands of people stranded, as per a report by the Bangkok Post.The decision comes after a Cambodian soldier was killed in a short military skirmish on May 28 in the Emerald Triangle, the region where the borders of the two neighbouring countries and Laos converge.Both countries on Sunday reached an agreement to reposition their troops in the disputed border area. There has been sporadic violence on the Thai-Cambodian frontier since 2008, resulting in at least 28 deaths.ALSO READ: Even ‘White Lotus’ buzz isn’t reviving Thailand’s tourism slumpFollowing disputes in recent days over border controls and troops, the two sides m
India's microfinance sector continues to grapple with high interest rates, rising borrower over-indebtedness, and coercive recovery practices, highlighting the need for urgent lender reforms, a deputy governor of the central bank said. "The (microfinance) sector continues to suffer from vicious cycle of over-indebtedness, high interest rates and harsh recovery practices," M. Rajeshwar Rao said at an event in Mumbai on June 5. The speech was uploaded on the central bank's website on Monday. Indian banks have reported stress in the microfinance segment since the beginning of the current financial year, largely due to high borrower indebtedness, declining rural incomes, and election-related disruptions Even lenders with access to low-cost funds have been found to be charging significantly hig
