INDONESIA D AILY ECONOMIC UPDATE Wednesday, 28 March 2018 ECONOMIC HIGHLIGHTS  The processing time for permits used to import materials for exported goods had been cut to just one hour from the previous 30 days, while the issuance of identification numbers for importers can be done in three days from the previous 10 days.  Djoko Siswanto is appointed as the new oil and gas director general of Energy and Mineral Resources Ministry.  The government has shortened the processing time for tax refunds to just one month from the previous up to two years, but only for traders who are highly compliant to excise and customs regulations.  OJK ordered Indonesia’s biggest lenders to set aside additional capital to bolster their ability to absorb losses and protect against any bank failures.  President Jokowi instructed district heads to form task force on ease of doing business to support the implementation of integrated licensing system in the region. 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 6,141 28 Mar -1.1% -2.7% -6.3% -3.4% Net purchases by -0.70 28 Mar IDR, tn -- -4.2 -16.1 -23.2 foreign investors Exchange rate: IDR/USD Bank Indonesia 13,745 28 Mar 0.3% -0.1% 0.6% 1.5% Bloomberg 13,764 28 Mar 0.2% 0.0% 0.8% 1.5% Government bonds Yield: 1 year IDR bond 5.1% 28 Mar bps -2.0 0 15 8 Yield: 5-year IDR bond 6.4% 28 Mar bps -3.1 3 27 -21 Yield: 10-year IDR bond 7.0% 28 Mar bps -5.6 3 17 94 Foreign holdings of IDR bonds 847 27 Mar IDR, tn -- 5 -10 10 Indonesia USD bonds strip spread 184 27 Mar bps 3.2 8 16 17 Asia USD bonds strip spread 174 27 Mar bps 2.5 8 14 19 Indonesia sovereign CDS: 5yr, mid- 104 27 Mar bps -2.0 7 16 16 price Corporate bonds Indonesia USD bonds strip spread 291 27 Mar bps 0 8 60 70 Interest rates JIBOR overnight 4.0% 28 Mar bps -5.0 7.9 9.2 11.2 JIBOR spread relative -23.8 28 Mar bps -5.0 7.9 9.2 11.2 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.