INDONESIA D AILY ECONOMIC UPDATE
                                     Thursday, 22 February 2018



ECONOMIC HIGHLIGHTS
 The Directorate General of Taxation launched a tax data integration system to improve taxpayer data
  transparency, as well as to reduce disputes between the tax office and taxpayers.
 By 1 June 2018, IDR-denominated bonds will contribute to the Bloomberg Barclays' Global Aggregate
  Index.




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                        6,593      22 Feb                    -0.8%        0.1%        -0.6%          3.7%
                  Net purchases by
                                                -0.58     22 Feb      IDR, tn            --       -0.5        -10.5          -6.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             13,665      22 Feb                     0.6%        0.7%         2.6%          0.9%
                       Bloomberg              13,685      22 Feb                     0.5%        0.9%         2.7%          1.0%

Government bonds
              Yield: 1 year IDR bond            5.0%      22 Feb         bps           4.5          6             3            -7
              Yield: 5-year IDR bond            6.1%      22 Feb         bps           6.1          9            30           -50
             Yield: 10-year IDR bond            6.8%      22 Feb         bps           6.2         10            42            78
       Foreign holdings of IDR bonds             856      21 Feb      IDR, tn            --         5           -21            20
   Indonesia USD bonds strip spread              158      21 Feb         bps          -4.8         -7             6            -8
        Asia USD bonds strip spread              153      21 Feb         bps          -4.3         -5            10            -2
 Indonesia sovereign CDS: 5yr, mid-
                                                    87    21 Feb          bps          0.0          -7              6           -1
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 216    21 Feb          bps           -6          -3           18             -5

Interest rates
                     JIBOR overnight            3.9%      22 Feb          bps          3.8         2.3          1.6           4.4
                 JIBOR spread relative
                                                -30.6     22 Feb          bps          3.8         2.3          1.6           4.4
                         to policy rate

International reserves                         132.0      31 Jan    USD, bn              --          --         1.8           1.8

* 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.