’s economic growth – Lanka Business Online

October 19, 2006 (LBO) – Sri Lanka’s economy is expanding at a blistering pace led by the telecommunications sector, but an escalation in violence could erase some of the gains, the Asian Development Bank said.

Less
red tape, more deregulation would boost South Asia growth: ADB
MANILA, Oct 19, 2006 (AFP) – South Asia has the potential to go the way
of robust economies of East Asia, but India and its neighbors must do
more to cut red tape and remove regulations that stunt business
initiative, the Asian Development Bank said Thursday.

The ADB
said in a report released here Thursday that improved governance, better
quality of regulation and infrastructure can help South Asian economies
emerge as the “New Tigers” of the region.

South
Asia, led by India and Pakistan, posted stellar growth in 2005 and has
registered higher growth than its peers in Southeast Asia in the pas