Multi-level marketing co policy soon: Altaf
Star Business Report
The government will formulate a policy for multi-level marketing (MLM) business companies for ensuring customer service in the business, Commerce Minister Altaf Hossain Choudhury said yesterday.The commerce ministry will talk to the law ministry soon to make such a policy, Altaf told the MLM Business Conference 2004 organised by Destiny-2000 Ltd at Bangladesh-China Friendship Conference Centre. The commerce minister appreciated the MLM companies, especially Destiny-2000, for crating huge job opportunity for young educated people in the country. Destiny-2000 has a network of over five lakh distributors who so far earned Tk 79.88 crore in commission since the start of its business in the year 2000, Rafiqul Amin, managing director of the company, said. Mohammad Hossain, chairman of Destiny-2000, hoped that the company would pay Tk 50 crore in tax to the government in the current fiscal year.
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