$10b spent annually to hire foreign execs for MNCs in BD

[Sugarcane]

He said average of 5 lakh exparts.

I am showing you entry level engineering salary of Government Organization of Dhaka Power Distribution Company.

It’s combining everything comes around 90000 taka at starting.

https://dpdc.org.bd/career/notices/Assistant_En

1500 usd is 1.2 lakh taka. Obviously that members perception is not correct.

Look at his post again, he clearly says that there aren't 500K jobs in whole Bangladesh of $1500 salary let alone expats.

 

[Black_cats]

Look at his post again, he clearly says that there aren't 500K jobs in whole Bangladesh of $1500 salary let alone expats.

That’s not correct where he said such thing? Entry level salary is low generally with no experience unless you are graduate of top uni or getting job in multinational companies, bank, telco or power companies. But we are talking about foreign expats and experienced people.

Plenty of 1500 usd jobs are there.

This article summarize everything...

12:00 AM, January 08, 2015 / LAST MODIFIED: 01:53 AM, March 08, 2015
CONTROLLING REMITTANCE OUTFLOW TO INDIA
Controlling remittance outflow to India

https://www.thedailystar.net/controlling-remittance-outflow-to-india-58831

Tayeb Husain

CENTRE for Policy Dialogue (CPD) has recommended that the government should form a committee to investigate the large remittance outflows to India. This remittance is fully legal and is sent by the 500,000 or so Indians who work in Bangladesh.

It is reported that Bangladesh stands 5th among the 15 nations sending remittances to India after UAE, USA, Saudi Arabia and UK. In 2013, remittance from Bangladesh to India was about $ 3.716 billion. Is it not amazing? However, that is the official figure. According to other sources, an almost equal amount, if not more, is sent through hundi and other illegal methods.

We often hear from Indian media and politicians that it is only Bangladeshis who migrate to India and take jobs in that country. They call the illegal immigrants “vote banks,” referring to some political parties that, they say, ignore the problem because of political reasons. Their allegation may be true to some extent, but what about Indians living and earning their bread in Bangladesh? Many Indian citizens are taking jobs in Bangladeshi through foreign companies, NGOs and other legal and illegal businesses. Bangladeshis generally do menial jobs in India and contribute to the economy through hard work in exchange for meagre wages, whereas most Indians are gainfully employed in attractive jobs in Bangladesh, earning handsomely and remitting millions of dollars to India.

People migrate to faraway places for a better life, and there is no harm in it. But the problem is that the Bangladesh government does not have a strict labour policy, or control over migrant labourers. No doubt controlling illegal migrant workers is not possible in a country where administration is weak and there is alleged corruption.

But what about well paid jobs in Bangladesh that foreigners, mostly Indians, take away from Bangladeshis? We have Indians gainfully employed with foreign companies, NGOs, garment sector, trading and almost all branches of business. They also have shops and business houses all over Bangladesh.

Foreigners, mostly Indians, employed in Bangladesh do not do any specialised job but ordinary administrative work in all levels, for which there is no shortage of Bangladeshi candidates. For example, why does a British company need to appoint an Indian as a clerk or a junior level officer when there are many qualified people in the country who can do that job perfectly well? Does not Bangladesh need to control this? But how? I can give examples from Sweden and explain how the country overcomes such problems.

Generally, no job in Sweden is given to a foreigner when a candidate with proper qualification that the job demands is available in the country. However, there are always exceptions for highly qualified jobs. In such cases, any EU citizen (and sometimes anybody) can apply, and the best one is given the job as per the EU directive. Nevertheless, it is normal that the Swedish candidate is favoured most of the times and gets the job. What is most important is that anybody working in Sweden (and in most EU countries) must have work and residence permit. Thus, the government knows how many foreigners work in Sweden and how many of them have residence and work permit. It is a way of checking illegal immigrants and maintaining full control over the job market.

Bangladesh can control its job market by careful planning and introducing “Work and Residence Permit” for foreigners. For example, if an Indian company needs a junior officer let it bring him from India with proper documents indicating that he is an Indian citizen and the company needs the person for a particular skill s/he possess. The company may not bring and hire someone from Singapore or Sri Lanka when such a skilled person is available in Bangladesh. A foreign company has a right to bring and employ people from the mother country, but employing a person from a 3rd country must not be allowed. Thus, Bangladesh can obtain many attractive and well-paid jobs for its citizens. The basic idea of foreign investment is for generating jobs, but if those jobs are taken away by foreigners what is the need for foreign investment?

Controlling foreign workers in Bangladesh is an utmost necessity for protecting Bangladeshi job market for Bangladeshi people. In our economy can we afford to offer jobs to foreigners when we don't have jobs for ourselves? I am not suggesting making Bangladesh an “Iron Curtain” land, but we must do something that can safeguard job interest of our people, especially when the employment situation in the country is so appalling.

 

[Sugarcane]

That’s not correct where he said such thing? Entry level salary is low generally with no experience unless you are graduate of top uni or getting job in multinational companies, bank, telco or power companies. But we are talking about foreign expats and experienced people.

Plenty of 1500 usd jobs are there.

Two Bangladeshis thanked below post, mean they agree with contests - 1 Poster + 2 Agreeing make them 3 against you 1. So, below argument wins against yours hands down.

https://defence.pk/pdf/threads/fals...e-from-bangladesh.616870/page-2#post-11428726

We do not have 500k expat in middle and top tier position in Bangladesh. What do you think about the size of our corporate sector? Heck we do not have 500k, 1500 dollar per month paying job in whole Bangladesh. Let alone for foreigners only. Do you have any idea of what 1500 dollar can go for in Bangladesh? Such type of job are 1 in 100. Obviously, some people in Bangladesh getting 1500 dollar per month salary. But their number do not come anywhere close to 500k. And having 500k foreigners in such salaried job is out of question. Our entire corporate sector's annul turn over is unlikely to be more than 100 billion dollar. Which is reasonable for an economy size of Bangladesh. Do you think they have capability to hire foreign managers by giving them 10 billion dollar salary? Do 100 billion dollar corporate sector contain 500k top position posts to give away to the foreigners? Do you make any sense?

 

[Black_cats]

Two Bangladeshis thanked below post, mean they agree with contests - 1 Poster + 2 Agreeing make them 3 against you 1. So, below argument wins against yours hands down.

https://defence.pk/pdf/threads/fals...e-from-bangladesh.616870/page-2#post-11428726

He has couple of confusion. He compared 1500 usd monthly salary to 500k yearly salary. Second he did not consider business, profit sharing, bonus and other means of bonus that foreigners are making.

I will not go by any random guess even National Board of Revenue put the figure 5 billion USD. What foreigners are doing completely off radar. Even in many companies they are doing high paying job under tourist visa in many cases which even expired.

NBR finds foreigners dodging income tax
Shariful Islam

• Published at 02:05 am January 19th, 2018

The National Board of Revenue (NBR) has found that a number of foreigners working at four companies in Bangladesh have not been paying income tax, sources say. However, the revenue authorities have declined to disclose the names of the companies as well as the number and identities of the foreigners evading taxes. Foreigners working in Bangladesh have to pay 30% tax on their income. It is estimated that the foreigners remit between $4 billion and $5 billion annually. The NBR found the tax evaders after inspection as a part of its ongoing drive to find out tax evasion by foreigners working in the country.

https://www.dhakatribune.com/business/2018/01/19/nbr-finds-foreigners-dodging-income-tax

I am around 30 year old. Many of my friend who started with 15000 taka per month, now making 1-3 lakh taka per month. Many of my cousins, family friend, neighbors those who are around my age making 1-2 lakh taka per month.

If you compare it 16 cr population obviously it’s less but in the major cities plenty of people are making 1 lakh plus salary which is around 1500 USD.

He is doctor ask him how much doctors are making doing private practice. One of my friend who is doctor in BCS cadre, doing private practice he makes 1.5 lakh taka plus doing car import business another 2-3 lakh taka. If you are renowned you can easily make around 10 lakh taka or more. One of my relative I heard at Apollo hospital was getting 7 lakh taka per month couple of year back. It should be more now.

 

[Sugarcane]

He has couple of confusion. He compared 1500 usd monthly salary to 500k yearly salary. Second he did not consider business, profit sharing, bonus and other means of bonus that foreigners are making.

I will not go by any random guess even National Board of Revenue put the figure 5 billion USD. What foreigners are doing completely off radar. Even in many companies they are doing high paying job under tourist visa in many cases which even expired.

I am around 30 year old. Many of my friend who started with 15000 taka per month, now making 1-3 lakh taka per month. Many of my cousins, family friend, neighbors those who are around my age making 1-2 lakh taka per month.

If you compare it 16 cr population obviously it’s less but in the major cities plenty of people are making 1 lakh plus salary which is around 1500 USD.

He is doctor ask him how much doctors are making doing private practice. One of my friend who is doctor in BCS cadre, doing private practice he makes 1.5 lakh taka plus doing car import business another 2-3 lakh taka. If you are renowned you can easily make around 10 lakh taka or more. One of my relative I heard at Apollo hospital was getting 7 lakh taka per month couple of year back. It should be more now.

It's your words against his words (his words have endorsement of two more Bangladeshis). So, I will go with Bangladesh don't have 500K jobs which pays $1,500 or more, hence $10b spent on foreign executives doesn't make sense.

 

[Black_cats]

It's your words against his words (his words have endorsement of two more Bangladeshis). So, I will go with Bangladesh don't have 500K jobs which pays $1,500 or more, hence $10b spent on foreign executives doesn't make sense.

I said NBRs word. That’s a government organization and can give more accurate information than any other person. That put the figure 4-5 billion USD and still it is high. Off record in reality can reach 10 billion usd.

In Dhaka even a middle class family can’t survive with income below 50000 taka. Maids are charging 12-15000 taka for full time works, drivers are charging 20000-30000 taka per month. Why on earth you think there won’t be 1500 usd salary or income per month?

 

[Sugarcane]

I said NBRs word. That’s a government organization and can give more accurate information than any other person. That put the figure 4-5 billion USD and still it is high. Off record in reality can reach 10 billion usd.

In Dhaka even a middle class family can’t survive with income below 50000 taka. Maids are charging 12-15000 taka for full time works, drivers are charging 20000-30000 taka per month. Why on earth you think there won’t be 1500 usd salary or income per month?

I guess we can solve the riddle if you can give idea about number of Bangladeshis having full time maid and driver?

 

[Black_cats]

I guess we can solve the riddle if you can give idea about number of Bangladeshis having full time maid and driver?

Every middle class and higher middle class family has 1-2 maid at least.

I do not know exact number of cars but what I know there are around 4 million motor vehicles in Bangladesh. If you exclude bus, trucks, van etc. I would say private car is around 2 million.

You can see from other data how much people are earnings. 2.5 million Bangladeshis are travelling to India each year, .7 million to Thailand. When you go to any foreign country you need to spend at least 2500 USD including plane fair, hotel, eating, shopping and other expenses.

 

[Bilal9]

Someone tell this cockroach that those Glas

Every middle class and higher middle class family has 1-2 maid at least.

I do not know exact number of cars but what I know there are around 4 million motor vehicles in Bangladesh. If you exclude bus, trucks, van etc. I would say private car is around 2 million.

You can see from other data how much people are earnings. 2.5 million Bangladeshis are travelling to India each year, .7 million to Thailand. When you go to any foreign country you need to spend at least 2500 USD including plane fair, hotel, eating, shopping and other expenses.

Although you are trying to explain current situation to incredulous Pakistanis and Indians (an uphill task it would seem) they belabor under the impression that Bangladesh is still a low-tier basket-case economy, which is no longer true. We in Bangladesh all know that average monthly middle class income exceeded Taka 1 Lakh many years ago, current average is around triple that amount. Dhaka is an expensive city to maintain a middle to upper middle class lifestyle. And like you said, vacations to India and Thailand costs money too.

Compared to that I have heard that middle (even upper middle) class people in poorer parts of Eastern India take public transport or even walk for distances under two miles. They'd rather not spend their three rupees on bus or tram-fare.

In any case - if they come to Bangladesh, they can see for themselves where income levels are. We really don't need to offer foreigners any explanations nor do we owe them one.

 

[KhanBaba2]

That’s not correct where he said such thing? Entry level salary is low generally with no experience unless you are graduate of top uni or getting job in multinational companies, bank, telco or power companies. But we are talking about foreign expats and experienced people.

Plenty of 1500 usd jobs are there.

These 1500 USD earning people should be able to afford cars.

https://brta.portal.gov.bd/sites/de...3d7b0f4/MV_statistics-bangladesh-march-18.pdf

says 21959 cars were registered in 2017.

 

[Nilgiri]

These 1500 USD earning people should be able to afford cars.

https://brta.portal.gov.bd/sites/de...3d7b0f4/MV_statistics-bangladesh-march-18.pdf

says 21959 cars were registered in 2017.

They will now tell you "taxes are too high for us to buy cars"

I kid you not while they blab here, their total market cap just declined big time (that too this early in their juncture)...and it will only get worse here on out too likely given they dont want to do any actual reforms (given that will upset BAL politics).

So much for big solid middle class!

They still struggle to consume the same level of energy per capita as India and Pakistan did in the 50s! LOL

 

[Arulmozhi Varman]

In many organization 60k is like starting salary. Not much in Bangladesh. With 5-10 year experience many making 2-3 lakh taka.

The people those who are hired are not the people with 60k salary working in India. Many has foreign degrees from western countries. Good negotiation, management and operation skills.

Regarding salary 5-10 lakh taka a month is nothing unusual. Many cases it is not just salary comes with profit sharing and other benefit as well.

You mentioned earlier about Boeing directors salary. Do you have any idea how much they are getting in terms of stock, bonus and other benefits?

This guy Imran Khan who is a Bangladeshi and Snapchat’s Chief Strategy Officer had a salary of $441,923 in 2016 and received a $100 million one-time stock performance award in January 2017.

https://www.google.com/amp/s/variet...hief-strategy-officer-resigns-1202934656/amp/

Can you compare salary with bonuses and profit sharing?

Same thing with RMG top executives as well if they bring more business, close good deals they get a cut of the profit beside salary.

More information on Imran Khan:

https://en.m.wikipedia.org/wiki/Imran_Khan_(businessman)

The Boeing directors salary include cash and stock salary worth 3.23 lakh USD. Bonus I have no idea. Mostly, its the CEO and active employees who have large bonuses. These directors are CEO's of their companies themselves.

The most important stuff, comparing BD companies with US tech companies are very very futile.. 30B of your exports themselves are by RMG companies. If let's say, there are 2000 major exporters and each company hiring five 200k employees at best, it doesnt cross 2B dollars and the numbers I am showing is very very gross exaggeration.

So I do not understand why you are trying to prove BD is a very high paying place for expats and sending like 4B to India when other members are showing you otherwise with latest facts...

 

[Arulmozhi Varman]

Someone tell this cockroach that those Glas


Although you are trying to explain current situation to incredulous Pakistanis and Indians (an uphill task it would seem) they belabor under the impression that Bangladesh is still a low-tier basket-case economy, which is no longer true. We in Bangladesh all know that average monthly middle class income exceeded Taka 1 Lakh many years ago, current average is around triple that amount. Dhaka is an expensive city to maintain a middle to upper middle class lifestyle. And like you said, vacations to India and Thailand costs money too.

Compared to that I have heard that middle (even upper middle) class people in poorer parts of Eastern India take public transport or even walk for distances under two miles. They'd rather not spend their three rupees on bus or tram-fare.

In any case - if they come to Bangladesh, they can see for themselves where income levels are. We really don't need to offer foreigners any explanations nor do we owe them one.

Sorry to bust your bubble. Most BD people "tour" India for shopping and even basic medical check up.. Especially Kolkata and WB.. Even though I consider Kolkata as shitty city, its way better than Dhaka regarding transportation and public transit... And Kolkata itself had more car registrations than the entire country of Bangladesh...

This is not to brag.. But stating the facts.. A few years back Indians were buying less cars than the whole of UK... Now India is the third largest automobile market... The time will come and as such will reflect in statistics when it comes...

 

[Black_cats]

Sorry to bust your bubble. Most BD people "tour" India for shopping and even basic medical check up.. Especially Kolkata and WB.. Even though I consider Kolkata as shitty city, its way better than Dhaka regarding transportation and public transit... And Kolkata itself had more car registrations than the entire country of Bangladesh...

This is not to brag.. But stating the facts.. A few years back Indians were buying less cars than the whole of UK... Now India is the third largest automobile market... The time will come and as such will reflect in statistics when it comes...

In India with 1 lakh Rupee you can by Tara nano. Can you do the same in Bangladesh. A card cost minimum 20-30 lakh taka plus 70% require down payment. Government does it intentionally to reduce car ownership.

 

[Sugarcane]

Every middle class and higher middle class family has 1-2 maid at least.

I do not know exact number of cars but what I know there are around 4 million motor vehicles in Bangladesh. If you exclude bus, trucks, van etc. I would say private car is around 2 million.

You can see from other data how much people are earnings. 2.5 million Bangladeshis are travelling to India each year, .7 million to Thailand. When you go to any foreign country you need to spend at least 2500 USD including plane fair, hotel, eating, shopping and other expenses.

As per your government's statistics (As of Mar, 2018) there were total 3.41 million vehicles out of which 2.14 million are motorcycle, 335,660 private cars. Unless your government is faking stats or things changed drastically in last 14 months, it can be safely concluded that you are lying

https://brta.portal.gov.bd/sites/de...3d7b0f4/MV_statistics-bangladesh-march-18.pdf