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Key Economic Data 
  2004 2003 2002 Ranking(2004)
Millions of US $ 56,844 51,900 45,500 54
GNI per capita
 US $ 440 400 390 175
Ranking is given out of 208 nations - (data from the World Bank)

Books on Bangladesh

Update No: 016 - (26/04/07)

Toward Political Anarchy – New Beginnings
According to a Bangladesh National Party Report, former premier Khaleda Zia "faces increasing isolation as she is preparing for exile amidst a battle to succeed her as head of the Bangladesh Nationalist Party." All this is being orchestrated by the country's new martial government. Party sources have reportedly told the leading independent Daily Star newspaper that several senior BNP leaders were planning to seize the reins of power once Zia was forced into exile. Zia has expressed anger at the disloyalty displayed by her party members. Zia, who has been under virtual house arrest since last week, is reported to have agreed to go abroad in return for leniency for her two sons. Her younger son Arafat Rahaman was briefly arrested on corruption allegations last week. Further, the government has also prohibited Sheikh Hasina Wajed, leader of the Awami League from returning from a holiday in the United States. Murder and extortion charges have also been filed against her in her absence. Both leaders have been accused of misrule that has led to a political crisis. The question now becomes whether these steps taken by the military backed government are too extreme and have the potential of further harming Bangladesh's democratic development. Ironically, South Asia observers are claiming that these various developments indicate Dhaka's determination "to execute a firm solution to the country's intractable, apparently insurmountable and often-bitter state of political paralysis with its two leading ladies - Hasina and Begum Khaleda Zia - unable to steer a clear course." Many around the world will be glad to see them gone with at last the possibility of a cleaned-up polity.

Ericsson Displays Confidence in Bangladesh Telecommunications Sector 
In the ongoing political turmoil in Bangladesh, the leading Swedish telecom equipment and Services Company, Ericsson, will continue to extend support to the country's information and communication technology. Carl-Henric Svanberg, president and chief executive officer (CEO) of Telefonaktiebolaget LM Ericsson (TLME), who is currently in Dhaka said that his company is committed to continue their support to the mobile operators of Bangladesh for developing skills in telecommunications by bringing in the latest ICT technology as there is a need to expand their activities to developing countries such as Bangladesh. 
In Feb 2006, Ericsson announced the establishment of a full-fledged company in Bangladesh, forging its long-term commitment towards the development of the country and the growth of its telecommunications sector. The presence of Ericsson in Bangladesh will provide a cost effective and efficient resource for consumers, stated Mr. Svanberg. He also emphasized the need for planning to introduce third generation (3G) mobile technology in the country, as this is capable of transferring voice, data and video to subscribers' mobile sets at a lower cost than 2G mobile technology. A positive result of Ericsson's proposal is that the leading phone companies in Bangladesh such as Grameen Phone, AKTEL, BTTB and Warid Telecom have awarded Ericsson as the prime integrator contract to plan, design and integrate an in-building solution. Ericsson signed a major deal with Telenor, the parent company of Grameenphone to build and integrate a complete IP mobile backbone network for the introduction of layered architecture across Bangladesh. This marks Grameen phone's first step towards an all-IP network.

Bangladesh Turns Down Investment Opportunity from India 
Bangladesh's Industries Minister has declared that owing to the fragile political situation in the country, the country is turning down a US$3 billion investment proposal by Indian corporation, Tata, even though the deal would have greatly benefited the country. Tata proposed building a steel plant, a 1,000 megawatt gas-fired power plant and a coal mine in Bangladesh. However, the Bangladesh industry is unable to do anything solid until the end of the elections. The secretary-general of the ruling Bangladesh Nationalist Party (BNP), Abdul Mannan Bhuiyan, said the government might consult opposition parties before entering a deal with Tata. Tata, however seems unconvinced with their arguments as they see economic growth as separate from the political environment. Tata probably believes that the business opportunity should not be influenced by the outcome of Bangladesh's elections.

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