INDONESIA D AILY ECONOMIC UPDATE
                                        Friday, 11 May 2018



ECONOMIC HIGHLIGHTS
 The government plans to sell the Saving Bond Retail (SBR) via the e-SBN online platform. The
  SBR purchase starts with a nominal amount of IDR 1 million with the interest rate of 6.8
  percent.
 The Constitutional Court rejected a petition against Law No. 9/2017 on access to financial
  information for taxation purposes, maintaining the Taxation Directorate General’s right to
  access the information on bank accounts.
 Downstream Oil and Gas Governing Agency (BPH Migas) expected that fuel consumption will
  increase by 20 percent during Ramadhan month, just as it did in 2017.

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                        5,957      11 May                     0.8%        2.8%        -6.4%         -6.3%
                  Net purchases by
                                                -0.43     11 May      IDR, tn            --       -2.5        -12.6         -37.3
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,048      11 May                    -0.2%        0.8%         2.2%          3.7%
                       Bloomberg              13,960      11 May                    -0.9%        0.1%         1.5%          3.0%

Government bonds
              Yield: 1 year IDR bond            5.9%      11 May         bps          -5.4          -7           76            86
              Yield: 5-year IDR bond            7.1%      11 May         bps           8.3          49           89            49
             Yield: 10-year IDR bond            7.4%      11 May         bps          -5.9          15           64           133
       Foreign holdings of IDR bonds             837      09 May      IDR, tn            --        -10          -35             1
   Indonesia USD bonds strip spread              197      10 May         bps         -10.5           6           23            31
        Asia USD bonds strip spread              188      10 May         bps          -3.3           8           19            33
 Indonesia sovereign CDS: 5yr, mid-
                                                   130    10 May          bps          0.0         19            29            41
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 328    10 May          bps          -17         22            51           107

Interest rates
                     JIBOR overnight            4.1%      11 May          bps          0.3        -0.9         11.5          18.2
                 JIBOR spread relative
                                                -16.8     11 May          bps          0.3        -0.9         11.5          18.2
                         to policy rate

International reserves                         124.9      30 Apr    USD, bn              --          --        -3.2          -5.3

* 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.