INDONESIA D AILY ECONOMIC UPDAT E
                                      Monday, 04 February 2019



ECONOMIC HIGHLIGHTS
 Broad Money (M2) grew by 6.3 percent yoy to IDR 5,758.3 trillion in December 2018, slower than
  6.6 percent recorded in November.
 The Ministry of State-Owned Enterprises plans to establish a state-owned insurance holding
  company and a state-owned banking holding company.




DAILY INDONESIAN FINANCIAL INDICATORS

                                                                                 Change                   Change or total
                                                         Date of                  since
                                                                       Unit
                                             Latest       latest                   last         In last     In last     Year-to-
                                             value        value                  trading        week*       month*       date
                                                                                   day

Stock market
Jakarta Composite Index                         6,481      04 Feb                    -0.9%         0.4%         3.3%          4.6%
                  Net purchases by
                                                 -0.52     04 Feb      IDR, tn             --        3.2         12.0          13.2
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia              13,976      04 Feb                     0.0%        -0.4%        -2.6%         -3.5%
                       Bloomberg               13,962      04 Feb                     0.1%        -0.8%        -2.2%         -3.0%

Government bonds
              Yield: 1 year IDR bond             6.7%      04 Feb         bps           -1.1         -18          -15           -12
              Yield: 5-year IDR bond             7.8%      04 Feb         bps            0.7         -17          -16           -16
             Yield: 10-year IDR bond             8.1%      04 Feb         bps           -4.0         -24          -11            -5
       Foreign holdings of IDR bonds              913      01 Feb      IDR, tn             --         12           19            20
   Indonesia USD bonds strip spread               190      01 Feb         bps           -6.4          -3          -47           -47
        Asia USD bonds strip spread               182      01 Feb         bps           -7.5          -1          -36           -36
 Indonesia sovereign CDS: 5yr, mid-
                                                   111     01 Feb          bps          -2.5          -7          -29           -27
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 323     01 Feb          bps            -6          -1          -96           -89

Interest rates
                             IndONIA             5.8%      01 Feb          bps             0        -2.6          5.6          -7.1
               IndONIA spread relative
                                                 -16.9     01 Feb          bps             0        -2.6          5.6          -7.1
                         to policy rate

International reserves                          120.7      31 Dec    USD, bn               --         --          3.4          -9.5

* One week and month prior to latest observation


SOURCES
Data are taken from the following: the latest Jakarta Stock Exchange and Indonesian government IDR bond yield data are taken from
the Indonesian Stock Exchange (www.idx.co.id). BI IndONIA and IDR mid exchange rates from Bank Indonesia (www.bi.go.id), after
5 pm each day. BI reports international reserves data directly. The Directorate General of Debt Management at the Indonesian Ministry
of Finance provides data on the foreign holdings of IDR government bonds (www.djppr.kemenkeu.go.id). The CDS premium on 5-
year Indonesian government USD bonds and Indonesian corporate bond spreads are sourced from JPMorgan.