INDONESIA D AILY ECONOMIC UPDATE
                                       Tuesday, 15 May 2018



ECONOMIC HIGHLIGHTS
 The government has released the Presidential Decree No. 40/2018 on the renewal of Core Tax
  System which is planned to be effective in 2021.
 The Indonesia Deposit Insurance Corporation (LPS) has decided to maintain its guaranteed
  interest rates of 5.75 percent for foreign exchange deposits and 8.25 percent for rupiah
  deposited in microcredit banks.
 Exports recorded a 9 percent year-on-year growth while imports grew faster by 35 percent in
  April, resulting in a USD 1.6 billion trade deficit.

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                        5,838      15 May                    -1.8%        1.1%          -6.9%       -8.1%
                  Net purchases by
                                                -1.16     15 May      IDR, tn            --       -2.3         -13.1        -38.6
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,020      15 May                     0.3%       -0.1%          1.9%         3.5%
                       Bloomberg              14,037      15 May                     0.5%       -0.1%          2.1%         3.6%

Government bonds
              Yield: 1 year IDR bond            5.9%      15 May         bps          17.4         -34            69           88
              Yield: 5-year IDR bond            6.9%      15 May         bps         -10.8          11            67           32
             Yield: 10-year IDR bond            7.3%      15 May         bps          -2.0          -5            61          131
       Foreign holdings of IDR bonds             828      14 May      IDR, tn            --        -14           -45           -8
   Indonesia USD bonds strip spread              188      14 May         bps          -0.3         -15            19           22
        Asia USD bonds strip spread              182      14 May         bps          -0.7          -6            15           27
 Indonesia sovereign CDS: 5yr, mid-
                                                   119    14 May          bps          0.0              0         21           31
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 304    14 May          bps           -9         -22            43           83

Interest rates
                     JIBOR overnight            4.0%      15 May          bps         -2.4        -6.1           1.9         13.4
                 JIBOR spread relative
                                                -21.6     15 May          bps         -2.4        -6.1           1.9         13.4
                         to policy rate

International reserves                         124.9      30 Apr    USD, bn              --          --         -3.2         -5.3

* 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 JIBOR 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.dmo.or.id). The CDS premium on 5-year Indonesian
government USD bonds and Indonesian corporate bond spreads are sourced from JPMorgan.