INDONESIA D AILY ECONOMIC UPDATE Friday, 9 March 2018 ECONOMIC HIGHLIGHTS  The Ministry of Finance will raise village fund to IDR 75 trillion for next year, 25 percent higher than the current year's IDR 60 trillion of village fund.  All companies, foundations, limited partnerships and other types of corporations must disclose at least one person as their beneficial owner upon registering for business per March 2018 as the government's effort to tackle money laundering.  To simplify the process for investors to obtain the tax allowances and zero-percent tax holidays, the government will determine the eligible industries by the Indonesian Standard of Industrial Classification (KBLI). 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 6,433 09 Mar -0.2% -2.3% -1.6% 1.2% Net purchases by -0.94 09 Mar IDR, tn -- -5.2 -12.1 -14.1 foreign investors Exchange rate: IDR/USD Bank Indonesia 13,794 09 Mar 0.1% 0.3% 1.9% 1.8% Bloomberg 13,797 09 Mar -0.1% 0.3% 1.8% 1.8% Government bonds Yield: 1 year IDR bond 5.3% 09 Mar bps 10.9 25 38 27 Yield: 5-year IDR bond 6.5% 09 Mar bps 8.8 18 51 -12 Yield: 10-year IDR bond 7.1% 09 Mar bps 8.1 18 47 107 Foreign holdings of IDR bonds 832 08 Mar IDR, tn -- -16 -36 -4 Indonesia USD bonds strip spread 177 08 Mar bps 1.8 0 22 11 Asia USD bonds strip spread 165 08 Mar bps 1.8 0 15 10 Indonesia sovereign CDS: 5yr, mid- 86 08 Mar bps 0.0 1 -4 -2 price Corporate bonds Indonesia USD bonds strip spread 270 08 Mar bps 7 13 59 49 Interest rates JIBOR overnight 4.0% 09 Mar bps -8.3 8.1 11.4 11.4 JIBOR spread relative -23.6 09 Mar bps -8.3 8.1 11.4 11.4 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.