INDONESIA D AILY ECONOMIC UPDAT E
                                      Tuesday, 30 July 2019



ECONOMIC HIGHLIGHTS

     The Investment Coordinating Board (BKPM) recorded investment realization of IDR
         200.5 trillion in Q2 2019 or an increase of 13.7 percent yoy.
     To cover BPJS Healthcare deficit, Vice President Jusuf Kalla said the government
         agreed to increase premiums, decentralize the institution to regional governments and
         improve the management.


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                       6,377        30 Jul                   1.2%       -0.4%         0.3%          2.9%
                  Net purchases by            -0.10        30 Jul    IDR, tn           --        -2.6          9.0          67.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia            14,034        30 Jul                   0.2%        0.4%        -0.8%         -3.1%
                       Bloomberg             14,028        30 Jul                   0.1%        0.3%        -0.7%         -2.5%

Government bonds
              Yield: 1 year IDR bond          6.2%         30 Jul       bps           1.5         11           -21          -64
              Yield: 5-year IDR bond          6.8%         30 Jul       bps           3.9         12           -24         -121
             Yield: 10-year IDR bond          7.3%         30 Jul       bps           2.1          6           -13          -77
       Foreign holdings of IDR bonds          1,013        26 Jul    IDR, tn            --         3            29          120
   Indonesia USD bonds strip spread             166        29 Jul       bps           0.9         -6           -20          -70
        Asia USD bonds strip spread             166        29 Jul       bps           0.3         -4           -15          -51
 Indonesia sovereign CDS: 5yr, mid-              78        29 Jul       bps          -0.5         -8           -12          -60
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 273     29 Jul        bps          1.7          -7          -18         -139

Interest rates
                            IndONIA            5.6%        29 Jul        bps          3.1         0.3        -19.9         -26.1
              IndONIA spread relative          -10.9       29 Jul        bps          3.1         0.3          5.1          -1.1
                        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.