International trade: Why Standby LC is becoming popular

About 20 years back, while working in a bank in Dhaka, one of my key responsibilities was to look after the Bank Guarantee (BG) department. One day, we received a Standby Letter of Credit (LC or SBLC) issued by an American bank on behalf of a US-based company. During that...

Civil society leaders meet amid protests, attacks on rights

Amid rising attacks on rights campaigners, and mass protests in countries such as France and Serbia, civil society groups are urging governments to ensure the protection of "democratic values" and freedom of expression.In Belgrade, some 850 human rights campaigners, civil society leaders and engaged citizens will meet April 08 to...