INDONESIA D AILY ECONOMIC UPDAT E
                                     Thursday, 20 September 2018



ECONOMIC HIGHLIGHTS
 The government will require the exporters to convert minimum 50 percent of their foreign-
  denominated export proceeds (DHE) to Rupiah.
 External debt grew at 4.8 percent yoy to USD 358.0 billion at the end of July, consisting of
  government and central bank external debt of USD 180.8 billion, as well as private sector,
  including state-owned enterprises external debt of USD 177.1 billion.



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                        5,931       20 Sep                    1.0%        1.2%        -0.2%         -6.7%
                  Net purchases by
                                                   0.22    20 Sep     IDR, tn            --        0.0         -2.3         -53.6
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,839       20 Sep                   -0.4%        0.3%         1.9%          9.5%
                       Bloomberg              14,849       20 Sep                   -0.2%        0.1%         1.9%          9.5%

Government bonds
              Yield: 1 year IDR bond            7.2%       20 Sep        bps           2.9          11         115            218
              Yield: 5-year IDR bond            8.2%       20 Sep        bps          -6.1         -26          48            217
             Yield: 10-year IDR bond            8.4%       20 Sep        bps          -7.0         -27          42            185
       Foreign holdings of IDR bonds             837       19 Sep     IDR, tn            --          2          -9              1
   Indonesia USD bonds strip spread              195       19 Sep        bps          -0.9         -13          -3             29
        Asia USD bonds strip spread              186       19 Sep        bps          -0.7          -9          -4             31
 Indonesia sovereign CDS: 5yr, mid-
                                                   136     19 Sep         bps          0.0          -7           13            48
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 335     19 Sep         bps           -4         -25          -10           114

Interest rates
                     JIBOR overnight            5.5%       20 Sep         bps         -0.1         1.0          8.9         155.2
                 JIBOR spread relative
                                                   -4.8    20 Sep         bps         -0.1         1.0          8.9          30.2
                         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.