BOC asks HSBC (Singapore) to cancel LCs on controversial vehicle imports

COLOMBO (News 1st); The Bank of Ceylon (BOC) has requested the Hongkong and Shanghai Banking Corporation (HSBC) in Singapore to cancel the 06 Letters Of Credit (LCs) that were opened on the 22nd of April to import 399 vehicles including 228 luxury SUVs. The LCs were opened to remain in effect until the 30th of […]