As the biggest recipient of Foreign Direct Investment (FDI) in the world, Asia has absorbed 39 percent of global inflows in 2018, or increased from the 2017 absorption level of only 33 percent.
According to Bank of Indonesia (BI) on Thursday (06/13/2019), Indonesia's foreign exchange fell around USD 4 billion in May 2019 to USD 120.3 billion compared to the previous month, which was USD 124.3 billion, due to the need for government foreign debt payments.
The largest online travel platform who invented ‘love hotels’ in South Korea, Yanolja, just earned the unicorn status after raising a combined $180 million funding from US online travel service Booking Holdings and Singapore sovereign wealth fund GIC.