INDONESIA D AILY ECONOMIC UPDATE
                                       Thursday, 17 May 2018



ECONOMIC HIGHLIGHTS
 The Ministry of Trade has issued a permit for State Logistics Agency (Bulog) to import an
  additional 500,000 tons of rice this year after it previously issued a permit to import the same
  amount earlier this year.
 The Ministry of Finance reported that the realization of both transfer to region and village fund
  as of April 2018 was IDR 237.7 billion, lower than the previous year of IDR 248.8 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                        5,816      17 May                    -0.4%       -1.6%        -7.5%         -8.5%
                  Net purchases by
                                                -0.64     17 May      IDR, tn            --       -3.5        -13.3         -40.0
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,074      17 May                    -0.1%        0.0%         2.2%          3.9%
                       Bloomberg              14,058      17 May                    -0.3%       -0.2%         2.1%          3.7%

Government bonds
              Yield: 1 year IDR bond            6.0%      17 May         bps           2.4           4           76            96
              Yield: 5-year IDR bond            7.0%      17 May         bps           4.4           0           74            41
             Yield: 10-year IDR bond            7.5%      17 May         bps           4.9           4           69           143
       Foreign holdings of IDR bonds             827      16 May      IDR, tn            --        -10          -46            -9
   Indonesia USD bonds strip spread              189      16 May         bps           5.7         -19           17            23
        Asia USD bonds strip spread              180      16 May         bps           1.5         -11           10            25
 Indonesia sovereign CDS: 5yr, mid-
                                                   123    16 May          bps          3.9          -7           25            34
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 308    16 May          bps           10         -37           46            87

Interest rates
                     JIBOR overnight            4.0%      17 May          bps          1.1        -5.4         -1.8          12.5
                 JIBOR spread relative
                                                -22.5     17 May          bps          1.1        -5.4         -1.8          12.5
                         to policy rate

International reserves                         124.9      30 Apr    USD, bn              --          --        -3.2          -5.3

* 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.