INDONESIA D AILY ECONOMIC UPDAT E
                                      Friday, 28 September 2018



ECONOMIC HIGHLIGHTS
 Bank Indonesia (BI) introduces Domestic Non Delivery Forward (DNDF) to accelerate the
  deepening of the foreign exchange market and as an alternative to hedging for banks and
  corporations.
 The Financial Services Authority (OJK) reported that the Non-Performing Loan (NPL) stood at
  2.74 percent in August, slightly higher than 2.73 percent recorded in July.



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                        5,977       28 Sep                    0.8%        0.3%        -1.5%         -6.0%
                  Net purchases by
                                                   0.89    28 Sep     IDR, tn            --        2.7         -1.4         -50.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,929       28 Sep                    0.1%        0.7%         2.0%         10.2%
                       Bloomberg              14,903       28 Sep                   -0.1%        0.6%         1.8%          9.9%

Government bonds
              Yield: 1 year IDR bond            7.2%       28 Sep        bps          -1.1         -4          108            211
              Yield: 5-year IDR bond            8.1%       28 Sep        bps          -5.5         -7           35            206
             Yield: 10-year IDR bond            8.3%       28 Sep        bps          -4.6         -8           30            172
       Foreign holdings of IDR bonds             849       27 Sep     IDR, tn            --        10            2             13
   Indonesia USD bonds strip spread              187       27 Sep        bps          -2.3         -6            2             21
        Asia USD bonds strip spread              181       27 Sep        bps          -1.9         -5           -2             26
 Indonesia sovereign CDS: 5yr, mid-
                                                   132     27 Sep         bps         -1.9          -9           17            44
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 310     27 Sep         bps           -7         -21          -21            89

Interest rates
                     JIBOR overnight            5.7%       28 Sep         bps         24.6       20.9          25.1         175.1
                 JIBOR spread relative
                                                   -9.9    28 Sep         bps         24.6        -4.1          0.1          25.1
                         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.