INDONESIA D AILY ECONOMIC UPDATE
                                        Tuesday, 3 April 2018



ECONOMIC HIGHLIGHTS
    The House of Representatives (DPR) has officially endorsed Perry Warjiyo and Dody Budi
     Waluyo as the incoming Bank Indonesia governor and deputy governor, respectively, for the
     2018-2023 term.
    The government announced that it would soon enact a new regulation on a tax holiday to
     simplify the procedure to allow investors to obtain the fiscal facility.



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                        6,229      03 Apr                    -0.2%        0.3%          -5.4%       -2.0%
                  Net purchases by
                                                -0.38     03 Apr      IDR, tn            --       -2.2         -14.9        -23.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             13,765      03 Apr                     0.1%        0.4%          0.1%         1.6%
                       Bloomberg              13,764      03 Apr                     0.1%        0.2%          0.1%         1.5%

Government bonds
              Yield: 1 year IDR bond            5.1%      03 Apr         bps          10.5          -6             2            5
              Yield: 5-year IDR bond            6.3%      03 Apr         bps          -5.0         -15            -3          -32
             Yield: 10-year IDR bond            6.8%      03 Apr         bps          -8.6         -21           -11           79
       Foreign holdings of IDR bonds             861      02 Apr      IDR, tn            --         15            19           25
   Indonesia USD bonds strip spread              185      02 Apr         bps           0.9           5            14           19
        Asia USD bonds strip spread              177      02 Apr         bps           0.7           5            17           22
 Indonesia sovereign CDS: 5yr, mid-
                                                   104    02 Apr          bps          0.0          -2            18           16
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 291    02 Apr          bps            2              0         35           70

Interest rates
                     JIBOR overnight            4.0%      03 Apr          bps          1.9        -6.4           6.5          9.8
                 JIBOR spread relative
                                                -25.2     03 Apr          bps          1.9        -6.4           6.5          9.8
                         to policy rate

International reserves                         128.1      28 Feb    USD, bn              --          --         -3.9         -2.1

* 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.