Saturday, February 24, 2018 | ePaper

Walton pays Tk 40m to Workers' Welfare Fund

  • Print
Business Desk :
Walton paid nearly Tk 40 million to the Workers' Welfare Fund of the Bangladesh government, says a press release.
The company handed over a cheque for the amount to the State Minister for Labour and Employment Md Mujibul Haque Chunnu at secretariat on Tuesday.
S.M. Zahid Hasan, Executive Director and Chairman to the Committee of Workers Profit Participation and Welfare Fund Trust of Walton Group, handed over the cheque of Tk 39,629,131 to the state minister. Walton provided the amount from the profit of the company's 2015-16 financial year.
Senior Labour and Employment Secretary Mikail Shipar, Director General of Bangladesh Workers' Welfare Foundation Fund Dr. Anisul Awal, Additional Secretary of Labour Ministry Abdullah Al Mamun and Joint Secretary Aminul Islam Mia were present on the occasion.  
Executive Directors of Walton Group Amdadul Hoque Sarker, Abul Bashar Howlader and Mohammod Sirajul Islam,  Senior Operative Director Mahmudul Hauqe, Senior Deputy Operative Director Md. Habibur Rahman and Senior Deputy Director Ashik Al Mamun were among others present.  
According to Labour Act, each company has to pay 5% of the net profit of the previous year at the proportion of 80:10:10 respectively to the Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund established under a section 14 of the Bangladesh Workers Welfare Foundation Act, 2006.
Complying with the labour act along with its social responsibility and human values Walton has been sharing its profit each year with the Workers Welfare Fund. The company had paid Tk 30,839,000 last year.

More News For this Category

China's tourism revenue posts double-digit growth during holiday

Xinhua, Beijing :China posted a double-digit growth in tourism revenue during the week-long Lunar New Year holiday, official data showed Wednesday.The tourism industry garnered 475 billion yuan (about 75

Jubilant Grameenphone employees celebrating the launching of 4G with Yasir Azman, Deputy CEO and CMO of the company recently.

Jubilant Grameenphone employees celebrating the launching of 4G with Yasir Azman, Deputy CEO and CMO of the company recently.

.

Women in banking 'facing challenges'

Women in banking 'facing challenges'

Manama :Women in the workplace, particularly in the banking sector, continue to be dismally represented, especially in more senior roles, said a top official.Al Salam Bank chairwoman and inJAz

PRAN participating in Gulf-Food fair in Dubai

Business Desk :PRAN, a leading food processor in Bangladesh, is participating in Gulfood fair that began at the Dubai World Trade Center in the UAE on Sunday.The group is

Muhith for increasing cotton production

Economic Reporter :Finance Minister AMA Muhith on Friday underscored the need for increasing the production of cotton to meet its growing demand in the country's ready-made garment (RMG) sector."Now,

Amu off to India to join global business summit

Business Desk :A eight-member delegation led by Industries Minister Amir Hossain Amu on Thursday left here for India to join the "4th Edition of the Global Business Summit-2018" beginning

New accelerator launches for Bangladeshi businesses

Business Desk :ScaleUp Bangladesh, a 12-month long investment readiness accelerator programme for Small and Growing Businesses (SGBs), was launched on Thursday in the city.Finance Minister AMA Muhith was present

LNG terminals to expedite investment: Experts

Economic Reporter :The country's first two liquefied natural gas (LNG) terminals, which are set to go into operation this year, will accelerate both local and foreign direct investment (FDI)

ADB President due on Feb 27

Business Desk :President of the Asian Development Bank (ADB) Takehiko Nakao will visit Bangladesh on February 27-28 next.During his visit, Nakao will meet Prime Minister Sheikh Hasina, Finance Minister

Southeast Bank Limited recently signed an agreement with SSD-Tech (Doze Internet), one of the most successful Online Payment Aggregators in Bangladesh. Under this deal, the Bank Credit Cardholders may avail 20pc discount on their monthly Internet subscription packages. S. M. Mainuddin Chowdhury, AMD, Md. Abdus Sabur Khan, Head of Cards of the bank and Hasan Mehdi, CEO of the Internet Company were also present.

Southeast Bank Limited recently signed an agreement with SSD-Tech (Doze Internet), one of the most successful Online Payment Aggregators in Bangladesh. Under this deal, the Bank Credit Cardholders may avail 20pc discount on their monthly Internet subscription packages. S. M. Mainuddin Chowdhury, AMD, Md. Abdus Sabur Khan, Head of Cards of the bank and Hasan Mehdi, CEO of the Internet Company were also present.

.