INDONESIA D AILY ECONOMIC UPDAT E
                                       Tuesday, 23 April 2019



ECONOMIC HIGHLIGHTS
 The Ministry of Finance reported that the state budget deficit reached IDR 102 trillion in Q1 2019
  (equivalent to 0.63 percent from GDP, which is higher than 0.58 percent recorded in Q1 2018).




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                         6,463      23 Apr                     0.7%        -0.3%        -1.0%          4.3%
                  Net purchases by
                                                 -0.14     23 Apr      IDR, tn             --        0.8          4.4          14.4
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia              14,080      23 Apr                     0.2%         0.1%        -0.5%         -2.8%
                       Bloomberg               14,080      23 Apr                     0.0%         0.0%        -0.6%         -2.2%

Government bonds
              Yield: 1 year IDR bond             6.4%      23 Apr         bps            1.4          -2            0           -37
              Yield: 5-year IDR bond             7.2%      23 Apr         bps            0.7           0           -8           -77
             Yield: 10-year IDR bond             7.8%      23 Apr         bps            0.8           1            4           -34
       Foreign holdings of IDR bonds              952      22 Apr      IDR, tn             --         -2           -5            58
   Indonesia USD bonds strip spread               175      22 Apr         bps           -2.8          -8          -19           -62
        Asia USD bonds strip spread               172      22 Apr         bps           -1.6          -5          -10           -45
 Indonesia sovereign CDS: 5yr, mid-
                                                    93     22 Apr          bps          0.0           -3           -8           -45
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 282     22 Apr          bps          -1.1         -17           -5          -131

Interest rates
                             IndONIA             5.9%      22 Apr          bps            -7         2.6          5.6           0.5
               IndONIA spread relative
                                                   -9.3    22 Apr          bps            -7         2.6          5.6           0.5
                         to policy rate

International reserves                          124.5      30 Mar    USD, bn               --         --          1.3           3.9

* 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.