INDONESIA D AILY ECONOMIC UPDATE
                                     Wednesday, 08 August 2018



ECONOMIC HIGHLIGHTS
 Foreign exchange reserves stood at USD 118.3 billion at the end of July 2018, USD 1.5 billion lower than
   the June level.
 The government is planning to increase the plafond of the Micro Credit Program (KUR) in 2018 from IDR
   120.0 trillion to IDR 123.6 trillion, as the demand for the credit is rising.
 The government has issued new tax regulations aimed at providing clarity for mining companies shifting
   their current contracts to special mining permits, in a move that could help cement a USD 3.9 billion deal
   with Freeport McMoran.


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                        6,095      08 Aug                     0.1%        1.0%          4.9%        -4.1%
                  Net purchases by
                                                -0.48     08 Aug      IDR, tn            --        0.6           2.7        -47.7
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,439      08 Aug                    -0.3%        0.0%          0.7%         6.6%
                       Bloomberg              14,439      08 Aug                     0.0%        0.0%          0.9%         6.5%

Government bonds
              Yield: 1 year IDR bond            6.0%      08 Aug         bps         -12.4         -35           -31           95
              Yield: 5-year IDR bond            7.7%      08 Aug         bps          -4.1           1            24          109
             Yield: 10-year IDR bond            7.9%      08 Aug         bps          -5.8          -4            14          190
       Foreign holdings of IDR bonds             848      07 Aug      IDR, tn            --          8            16           12
   Indonesia USD bonds strip spread              184      07 Aug         bps          -5.7           2           -34           18
        Asia USD bonds strip spread              180      07 Aug         bps          -4.5           2           -28           25
 Indonesia sovereign CDS: 5yr, mid-
                                                   114    07 Aug          bps         -3.0              2        -26           26
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 314    07 Aug          bps           -4         16            -94           93

Interest rates
                     JIBOR overnight            5.1%      08 Aug          bps          0.7         4.4          14.2        115.1
                 JIBOR spread relative
                                                -19.9     08 Aug          bps          0.7         4.4          14.2         15.1
                         to policy rate

International reserves                         118.3       31 Jul   USD, bn              --          --         -1.5        -11.9

* 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.