INDONESIA D AILY ECONOMIC UPDAT E
                                     Monday, 16 September 2019



ECONOMIC HIGHLIGHTS


   •    Indonesia posted a USD 85.1 million trade surplus in August as growth in exports outpaced
        growth in imports.
   •    The Government will hike the tobacco excise by 23 percent effective from January 2020.
   •    Indonesia’s external debt grew 10.3 percent yoy to USD 395.3 billion at the end of July
        2019.
   •    Trade negotiations for the Indonesia-Korea Comprehensive Economic Partnership
        Agreement (IK-CEPA) are expected to begin in October 2019.


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                         6,219      16 Sep                    -1.8%        -1.7%        -1.1%          0.4%
                  Net purchases by              -0.56      16 Sep      IDR, tn           --         -1.2         -6.5          55.7
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia              14,020      16 Sep                     0.5%        -0.5%        -1.7%         -3.2%
                       Bloomberg               14,042      16 Sep                     0.5%         0.1%        -1.4%         -2.4%

Government bonds
              Yield: 1 year IDR bond            6.1%       16 Sep         bps           -3.1          -2          -15           -68
              Yield: 5-year IDR bond            6.8%       16 Sep         bps            4.5          -5          -13          -117
             Yield: 10-year IDR bond            7.4%       16 Sep         bps            1.9          -9          -15           -74
       Foreign holdings of IDR bonds            1,022      15 Sep      IDR, tn             --         12           17           129
   Indonesia USD bonds strip spread               156      15 Sep         bps            0.0         -24          -35           -80
        Asia USD bonds strip spread               165      15 Sep         bps            0.0         -19          -27           -53
 Indonesia sovereign CDS: 5yr, mid-                75      15 Sep         bps            0.0          -3          -22           -62
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 267     15 Sep          bps          0.0          -37          -61          -145

Interest rates
                             IndONIA             5.3%      15 Sep          bps          0.0          1.2        -33.4         -58.7
               IndONIA spread relative           -18.5     15 Sep          bps          0.0          1.2         -8.4          -8.7
                         to policy rate

International reserves                          126.4      30 Aug    USD, bn               --         --          2.6           5.7

* 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.