Beximco, Nuvista donate Tk 17.4m to BWWF
FE REPORT | Wednesday, 15 January 2020
Beximco Pharmaceuticals Limited and Nuvista Pharma Limited have contributed Tk 17.4 million to the Bangladesh Workers' Welfare Foundation (BWWF) Fund.
On behalf of the two companies, Head of HR at Beximco Pharmaceuticals MA Arshad Bhuiyan on Tuesday handed over the cheque to the State Minister for Labour and Employment Monnujan Sufian at the latter's secretariat office in the capital, according to a statement.
A total of 160 local and foreign companies have so far contributed to the fund totallingz TK 4.1 billion, the labour and employment ministry statement added.
Under the amended labour law, profit-earning companies have to contribute five per cent of their net profits to their two participatory welfare funds as well as the government-formed workers' welfare fund. The ratio of the contribution is 80:10:10, respectively.
Labour Secretary KM Ali Azam, BWWF Director General Dr Mohammad Rezaul Haque and labour leader Fazlul Hoque, among others, were present at the cheque handover programme.