INDONESIA D AILY ECONOMIC UPDAT E
                                     Wednesday, 27 March 2019



ECONOMIC HIGHLIGHTS
 The government will require all state agencies and ministries to use credit cards in their
  spending, particularly for daily operations, in an effort to increase transparency in budget
  spending.
 The Ministry of Finance continues to impose the anti-dumping duties on iron and steel imports
  from China.



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                         6,445      27 Mar                    -0.4%        -0.6%          -1.2%        4.0%
                  Net purchases by
                                                 -0.42     27 Mar      IDR, tn             --        0.2           0.1         10.2
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia              14,202      27 Mar                     0.2%        -0.2%          1.4%        -1.9%
                       Bloomberg               14,208      27 Mar                     0.2%         0.1%          1.4%        -1.3%

Government bonds
              Yield: 1 year IDR bond             6.4%      27 Mar         bps            0.2         -11           -27          -42
              Yield: 5-year IDR bond             7.3%      27 Mar         bps            3.5         -13           -42          -74
             Yield: 10-year IDR bond             7.8%      27 Mar         bps            1.1          -6           -24          -33
       Foreign holdings of IDR bonds              957      22 Mar      IDR, tn             --         14            30           63
   Indonesia USD bonds strip spread               195      26 Mar         bps           -3.4           6            -7          -41
        Asia USD bonds strip spread               183      26 Mar         bps           -2.0           5            -5          -34
 Indonesia sovereign CDS: 5yr, mid-
                                                   104     26 Mar          bps          -1.0         10             -5          -33
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 292     26 Mar          bps          -2.5              6        -11         -120

Interest rates
                             IndONIA             6.0%      26 Mar          bps             1       14.6           20.3          7.6
               IndONIA spread relative
                                                   -2.2    26 Mar          bps             1       14.6           20.3          7.6
                         to policy rate

International reserves                          123.3      28 Feb    USD, bn               --         --           3.2         -6.9

* 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.