INDONESIA D AILY ECONOMIC UPDAT E
                                       Friday, 19 July 2019



ECONOMIC HIGHLIGHTS

     The presidential regulation on the acceleration of battery-electric vehicle development is
         still under discussion on tax harmonization.
     The Ministry of Public Works and Public Housing has announced to tender one toll
      bridge project and six toll road projects until December 2019, which will attain a value of
      IDR 151.13 trillion.
     The Government will disburse IDR 279 billion for tourism micro credit program (Kredit
      Usaha Rakyat of KUR) to 6,911 debtors in Banyuwangi-East Java this year.

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                       6,457        19 Jul                   0.8%        1.3%         1.9%          4.2%
                  Net purchases by            -0.85        19 Jul    IDR, tn           --        -0.3         13.5          70.6
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia            13,913        19 Jul                  -0.5%       -1.2%        -2.5%         -3.9%
                       Bloomberg             13,938        19 Jul                  -0.2%       -0.5%        -2.3%         -3.1%

Government bonds
              Yield: 1 year IDR bond          6.1%         19 Jul       bps           2.0          -5          -42          -74
              Yield: 5-year IDR bond          6.6%         19 Jul       bps           3.1         -18          -66         -141
             Yield: 10-year IDR bond          7.2%         19 Jul       bps           1.7         -12          -54          -92
       Foreign holdings of IDR bonds          1,003        16 Jul    IDR, tn            --          1           48          110
   Indonesia USD bonds strip spread             174        18 Jul       bps           0.2           7          -20          -63
        Asia USD bonds strip spread             173        18 Jul       bps           0.7           7          -13          -45
 Indonesia sovereign CDS: 5yr, mid-              87        18 Jul       bps           1.5           0          -13          -51
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 286     18 Jul        bps          5.6         13           -56         -126

Interest rates
                            IndONIA            5.8%        18 Jul        bps        -4.1        -0.7          -1.0         -8.7
              IndONIA spread relative            6.5       18 Jul        bps        20.9        24.3          24.0         16.3
                        to policy rate

International reserves                        123.8       30 Jun    USD, bn             --         --          3.5           3.2

* 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.