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‘Perfect’ Diamond Sells for $22m in New York

A woman displays a 100.20-carat diamond ring in front of Roy Lichtenstein’s 1962 painting ‘The Ring (Engagement)’ at a pre-auction viewing at Sotheby’s in Los Angeles, California, US in this file photo taken March 25, 2015. (Reuters Photo/Lucy Nicholson)

New York. A “perfect” 100-carat diamond originally mined in South Africa sold for $22.1 million in New York on Tuesday in three minutes of bidding, Sotheby’s said.


WEF: Jakarta Must ‘Engage the World’

From left: Moderator Haslinda Amin; Credit Suisse vice chairman of Asia Pacific Jose Isidro Camacho; chief economics minister Sofyan Djalil; Russian Deputy Prime Minister Arkady Dvorkovich, OECD deputy secretary general Mari Kiviniemi; and Lippo Group’s John Riady at a panel discussion at the World Economic Forum on East Asia. (AFP Photo/Adek Berry)

Nationalism and a refusal to give back to society will backfire badly, leaders say

Jakarta. Indonesian President Joko Widodo has assured the world’s business community that Indonesia is an “incredible” place to invest, and is ready to change to accommodate global development and adapt to the challenges it faces.


Foreign Investment Soars to Record $8B in 2014-15

Oil wells on the banks of the Irrawaddy River in Chauk, Magway Division. (Photo: Reuters)


RANGOON — Foreign direct investment in Burma grew sharply during the 2014-2015 fiscal year and reached a record US$8 billion, a more than doubling of FDI compared to the year before, according to the Myanmar Investment Commission, which said the oil and gas sector was the main driver of growth.


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