Berger Paints pays Tk 18.5m to welfare fund for workers - Share market analysis of dhaka stock exchange, Bangladesh

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26 September, 2017 10:31 AM Source: The Financial Express Bangladesh

Berger Paints Bangladesh Limited contributed on Thursday Tk 18.5 million to the Bangladesh Workers' Welfare Foundation.


Berger Paints Director Abdul Khalek handed over cheques to this effect to State Minister for Labour Mujibul Haque at the latter's office at Secretariat in the city.


Under the amended labour law, profit-making companies have to contribute five per cent of their net profits to their participatory welfare funds as well as the government-formed workers' welfare fund. The ratio of the contribution is 80:10:10 respectively.


So far Tk 2.42 billion has been deposited with the Bangladesh Workers' Welfare Foundation. Most of the companies that contributed certain amounts of their profit are multinational companies.


Labour secretary Afroza Khan and company secretary of Berger Khandaker Abu Jafar, among others, were present at the event. 

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