INDONESIA D AILY ECONOMIC UPDATE
                                        Monday, 16 July 2018



ECONOMIC HIGHLIGHTS
 Central Statistics Agency (BPS) recorded a trade surplus of USD 1.7 billion in June 2018. Exports grew by
   11.5 percent yoy to USD 13.0 billion while imports grew by 12.7 percent to USD 11.3 billion.
 The Financial Services Authority (OJK) is about to issue a new set of rules on financial technology
   (fintech). Moreover, OJK is also planning to launch a fintech center in August 2018.




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                        5,905        16 Jul                  -0.7%        1.7%        -1.5%         -7.1%
                  Net purchases by
                                                   0.08     16 Jul    IDR, tn            --        0.8         -9.0         -49.7
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,396        16 Jul                   0.3%        0.4%         3.6%          6.3%
                       Bloomberg              14,368        16 Jul                  -0.6%        0.4%         3.1%          6.0%

Government bonds
              Yield: 1 year IDR bond            6.1%        16 Jul       bps          -1.9         -22          -17           104
              Yield: 5-year IDR bond            7.5%        16 Jul       bps           4.4           9           52            94
             Yield: 10-year IDR bond            7.7%        16 Jul       bps           0.9          -6           23           170
       Foreign holdings of IDR bonds             836        12 Jul    IDR, tn            --          6           -9            -1
   Indonesia USD bonds strip spread              200        13 Jul       bps          -1.7         -17            1            34
        Asia USD bonds strip spread              196        13 Jul       bps          -1.5         -12            4            41
 Indonesia sovereign CDS: 5yr, mid-
                                                   126      13 Jul        bps         -2.9         -14           -2            37
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 364      13 Jul        bps          -12         -43           60           143

Interest rates
                     JIBOR overnight            5.0%        16 Jul        bps         -0.8         6.0       -109.1         106.9
                 JIBOR spread relative
                                                -28.1       16 Jul        bps         -0.8         6.0       -159.1           6.9
                         to policy rate

International reserves                         119.8       30 Jun    USD, bn             --          --        -5.0         -10.4

* 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.