Connect with us

Business

RMG workers’ demand for salary hike is logical: Tipu

Published

on

Reading Time: 2 minutes

Commerce Minister Tipu Munshi today said the demand of readymade garments (RMG) workers for salary hike is logical in view of the rising commodity prices amid the current global economic situation. 

“Due to the Russia-Ukraine war, the prices of daily essentials have increased in the world market and also in Bangladesh. The workers are suffering. The workers’ demand for wage hike is justified. For this, it is necessary to form a wage commission and conduct a study on the overall aspects of workers’ living costs, product prices and production costs,” he said. 

The minister said this while speaking as the chief guest at the 16th bi-annual conference of the National Garment Workers Federation-2022 at the media complex auditorium of the National Press Club in the city, said a press release. 

Tipu said the value of the sweat of workers is not less than the value of blood and the garment sector has reached its present position today due to the sincere efforts of the workers and owners. 

Advertisement

“The interests of both workers and owners need to be ensured. For this, it is necessary to ensure the fair wages of the workers as well as the appropriate prices of the products,” he added. 

However, Tipu said, salary negotiation should be done after assessing the income of owners and the current salary structure.

“Time has come to increase the salary of garment workers through wage board negotiations,” he added.

The commerce minister said that the labor organisations and leaders should be educated and responsible.

“They have to look after both the interests of the workers and the interests of the owners. If the company does not survive, neither the workers nor the owners will survive. Everyone should work in the interest of the organisation. Trade unions should be in the interest of the workers,” he added. 

Advertisement

He said it is natural that there will be labor organisations according to the labor law. “I would expect both parties to be responsible. The government will continue to provide all necessary assistance to workers and employers,” he added. 

Under the instruction of Prime Minister Sheikh Hasina, Tipu said, one crore families of the country are getting some daily essential products including oil, dal and sugar at affordable prices through the Trading Corporation of Bangladesh (TCB).

 “Rice is also in the process of being added to it. About five crore people in the country are benefiting from this. Efforts are being made to include up to a level of the apparel sector in this list. I will be very happy if that is possible,” he added. 

Advertisement
Continue Reading
Advertisement

Business

BSEC chairman Shibli Rubayat resigns

Published

on

Reading Time: < 1 minute

Bangladesh Securities and Exchange Commission Chairman Prof Shibli Rubayat-Ul Islam resigned today.

He sent his resignation letter to the official concerned at the finance ministry.

He stepped down citing health reasons, said Abdur Rahman, secretary of the Financial Institutions Division of the Ministry of Finance, confirming receipt of the letter.

The development came five days after Sheikh Hasina’s government fell and she fled Bangladesh in the face of a civil uprising.

Advertisement

Islam has remained absent from work for the past several days.

Islam, a Dhaka University teacher, was appointed as chairman of the BSEC in 2020. Last May, he was reappointed for another four-year tenure.

Continue Reading

Business

Progressive Life Insurance Company organizes 199th Board Meeting

Published

on

Reading Time: < 1 minute

The 199th board meeting of Progressive life Insurance Company Limited (PLICL) was held in the organization’s corporate office in the capital’s National Scout Bhaban on Wednesday 10 July 2024. It was presided over by PLICL Acting Chairman M. Shoeb Chowdhury.

The meeting was also attended by Directors viz Bajloor Rashid, MBE, Zakariya Ahad,Mezanur Rahman,DR. Md. Jamil Sharif, Phd, FCMA,DR. Tazrina Farah,Babel Miah,Kamal Miah, M A Karim,Gulam Mostafa Ahmed. Managing Director and Chief Executive Officer Md. Saidul Amin, Additional Managing Director Md. Mizanur Rahman Shipon, Senior Executive Vice President & Company Secretary Abdullah Al Mansur.

The participants in the meeting talked about pending claim settlements, business development plans and laid emphasis on complying with regulatory norms, laws and principals.

The officials of Progressive life Insurance Company Limited greeted the newly appointed Acting Chairman M. Shoeb Chowdhury with flowers at the beginning of the meeting.

Advertisement

Continue Reading

Business

Anwar Group of Industries Organized ‘Induction of Leadership’ program

Published

on

Reading Time: < 1 minute

Anwar Group of Industries, a leading Bangladeshi conglomerate, celebrated a momentous occasion with the formal induction of its new leadership team.

In a ceremony held at the Dhaka Chamber of Commerce and Industry (DCCI), Mr. Manwar Hossain, Chairman of Anwar Group of Industries, officially announced Mr. Hossain Mehmood as Vice Chairman and Mr. Hossain Khaled as the Group Managing Director of Anwar Group of Industries. Additionally, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood were sworn in as Deputy Managing Director of Anwar Group of Industries.

The “Induction of Leadership” ceremony on March 3, 2024, marked a memorable and new chapter for Anwar Group of Industries. At the ceremony, Mr. Manwar Hossain, Chairman of Anwar Group of Industries, presented the group’s brooches to Mr. Hossain Mehmood, Mr. Hossain Khaled, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood. The ceremony was also attended by members of the Anwar family, stakeholders, and employees.

Committed to empowering its employees and creating a shared vision for the future, Chairman of Anwar Group of Industries, Mr. Manwar Hossain announced a groundbreaking move, all future employees will be made shareholders. This bold initiative underscores the group’s belief in the value of its employees and its commitment to building a sustainable and inclusive future.

Advertisement

Continue Reading

Trending

Copyright © 2021 Daily Frontline. Bangladesh Independent Daily. e-mail:dailyfrontlinebd@gmail.com