INDONESIA D AILY ECONOMIC UPDAT E
                                    Wednesday, 23 January 2019



ECONOMIC HIGHLIGHTS
 Indonesia and Morocco have started negotiations on a preferential trade agreement (PTA) to
  boost trade and investment between the two countries.
 The government issued Regulation No. 1/2019 requiring exporters of natural resource products
  to place their export proceeds (DHE) within the country.




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                       6,451        23 Jan                  -0.3%        0.6%         4.7%          4.1%
                  Net purchases by
                                               -0.14       23 Jan    IDR, tn            --        4.4          9.3         10.1
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia            14,188        23 Jan                  -0.2%        0.2%        -2.0%         -2.0%
                       Bloomberg             14,188        23 Jan                  -0.2%        0.4%        -2.5%         -1.4%

Government bonds
              Yield: 1 year IDR bond           6.8%        23 Jan       bps          -3.5          -4           -3             4
              Yield: 5-year IDR bond           8.0%        23 Jan       bps           0.0          -1            4             1
             Yield: 10-year IDR bond           8.3%        23 Jan       bps          -1.4           5           15            19
       Foreign holdings of IDR bonds            902        22 Jan    IDR, tn            --          3            9             9
   Indonesia USD bonds strip spread             205        22 Jan       bps           2.5          -8          -21           -32
        Asia USD bonds strip spread             192        22 Jan       bps           0.4          -9          -17           -25
 Indonesia sovereign CDS: 5yr, mid-
                                                   124     22 Jan        bps         -1.0          -4          -16           -14
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 358     22 Jan        bps           -2         -21          -38           -54

Interest rates
                            IndONIA            5.9%        22 Jan        bps            4       13.1           4.4           4.2
              IndONIA spread relative
                                                   -5.6    22 Jan        bps            4       13.1           4.4           4.2
                        to policy rate

International reserves                        120.7        31 Dec   USD, bn             --         --          3.4          -9.5

* 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.