INDONESIA D AILY ECONOMIC UPDATE
                                      Tuesday, January 16, 2018



ECONOMIC HIGHLIGHTS
 Indonesia’s motorbike sales in December fell by 5 percent yoy (November: minus 3.6 percent) due to
    year-end festivities. On average, sales fell 0.7 percent yoy in 2017 to 5.9 million units.
 Indonesia recorded USD 270 million trade deficit in December due to declining non-oil and gas exports
    and posted USD 11.64 billion trade surplus throughout 2017.
 BPS announces to have started collecting e-commerce data to help the government designs policy for
    the industry.

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                        6,430       16 Jan                    0.7%        0.9%         5.1%         21.4%
                  Net purchases by
                                                   0.12    16 Jan     IDR, tn            --        3.3          4.5         -32.3
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             13,333       16 Jan                    0.0%       -0.7%        -1.8%         -0.8%
                       Bloomberg              13,338       16 Jan                    0.0%       -0.7%        -1.7%         -1.0%

Government bonds
              Yield: 1 year IDR bond            5.0%       16 Jan        bps           1.6          -2          -13          -191
              Yield: 5-year IDR bond            5.8%       16 Jan        bps          -1.7           0          -35          -194
             Yield: 10-year IDR bond            6.3%       16 Jan        bps          -3.3           0          -39          -175
       Foreign holdings of IDR bonds             861       15 Jan     IDR, tn            --          5           27           196
   Indonesia USD bonds strip spread              157       15 Jan        bps           0.0          -1          -18           -80
        Asia USD bonds strip spread              146       15 Jan        bps           0.0          -1           -8           -55
 Indonesia sovereign CDS: 5yr, mid-
                                                    78     14 Jan         bps          0.0          -6          -14           -83
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 205     14 Jan         bps            0          -5          -23          -169

Interest rates
                     JIBOR overnight            3.9%       16 Jan         bps          0.8         1.0          1.0         -32.3
                 JIBOR spread relative
                                                -39.2      16 Jan         bps          0.6        -4.2         -4.2          12.5
                         to policy rate

International reserves                         130.2       29 Dec   USD, bn              --          --         3.6          24.3

* 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.