INDONESIA D AILY ECONOMIC UPDAT E
                                     Tuesday, 25 September 2018



ECONOMIC HIGHLIGHTS
 Motor cycle and car sales grew by 2.4 percent and 5.1 percent yoy, respectively, in August
  2018.
 State-owned electricity company PT Perusahaan Listrik Negara (PLN) will issue a series of
  bonds worth IDR 1 trillion in total to invest in power plants and transmission networks.




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                        5,874       25 Sep                   -0.1%        1.1%        -1.6%         -7.6%
                  Net purchases by
                                                   0.02    25 Sep     IDR, tn            --        2.0         -0.9         -51.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,893       25 Sep                    0.2%       -0.1%         1.6%          9.9%
                       Bloomberg              14,918       25 Sep                    0.3%        0.4%         1.8%         10.1%

Government bonds
              Yield: 1 year IDR bond            7.2%       25 Sep        bps          -2.3          -1         111            217
              Yield: 5-year IDR bond            8.2%       25 Sep        bps           4.9         -17          40            215
             Yield: 10-year IDR bond            8.4%       25 Sep        bps           4.5         -24          34            179
       Foreign holdings of IDR bonds             844       24 Sep     IDR, tn            --          9          -4              8
   Indonesia USD bonds strip spread              188       24 Sep        bps          -0.2         -11          -8             22
        Asia USD bonds strip spread              182       24 Sep        bps          -1.0          -8          -8             27
 Indonesia sovereign CDS: 5yr, mid-
                                                   134     24 Sep         bps         -1.0          -1           14            46
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 321     24 Sep         bps           -1         -24          -26           100

Interest rates
                     JIBOR overnight            5.4%       25 Sep         bps         -4.0         0.5         -0.3         152.8
                 JIBOR spread relative
                                                   -7.2    25 Sep         bps         -4.0         0.5         -0.3          27.8
                         to policy rate

International reserves                         117.9       31 Aug   USD, bn              --          --        -0.4         -12.3

* 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.