INDONESIA D AILY ECONOMIC UPDATE
                                     Wednesday, 21 March 2018



ECONOMIC HIGHLIGHTS
 Indonesian government and several companies have won in a biodiesel antidumping case against the
   European Union at the appeal hearing at the EU court recently, leaving the EU to scrap the antidumping
   tariffs between 8.8 to 23.3 percent against Indonesian biodiesel products.




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                        6,313      21 Mar                     1.1%       -1.1%        -5.6%          -0.7%
                  Net purchases by
                                                -0.77     21 Mar      IDR, tn            --       -5.1        -13.2         -19.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             13,759      21 Mar                     0.0%        0.1%         1.6%          1.6%
                       Bloomberg              13,761      21 Mar                     0.1%        0.2%         1.5%          1.5%

Government bonds
              Yield: 1 year IDR bond            5.1%      21 Mar         bps           2.1          2            22             8
              Yield: 5-year IDR bond            6.4%      21 Mar         bps          -0.7         -5            33           -24
             Yield: 10-year IDR bond            6.9%      21 Mar         bps           1.9         -2            21            91
       Foreign holdings of IDR bonds             842      20 Mar      IDR, tn            --        15           -14             5
   Indonesia USD bonds strip spread              175      20 Mar         bps           0.1         -5             6             9
        Asia USD bonds strip spread              166      20 Mar         bps          -0.5         -2             6            11
 Indonesia sovereign CDS: 5yr, mid-
                                                    97    20 Mar          bps          8.9         12               7              9
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 283    20 Mar          bps            5         13            58            62

Interest rates
                     JIBOR overnight            3.9%      21 Mar          bps         -2.3        -2.2          2.4           3.3
                 JIBOR spread relative
                                                -31.7     21 Mar          bps         -2.3        -2.2          2.4           3.3
                         to policy rate

International reserves                         128.1      28 Feb    USD, bn              --          --        -3.9          -2.1

* 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.