INDONESIA D AILY ECONOMIC UPDAT E
                                       Friday, 15 March 2019



ECONOMIC HIGHLIGHTS
 Statistics Indonesia (BPS) recorded a trade surplus of USD 329.5 million in February. Both
  exports and imports declined by 11.3 percent and 14.0 percent yoy, respectively.
 External debt grew by 7.2 percent yoy to USD 383.3 billion at the end January, consisting of
  government and central bank external debt of USD 190.2 billion, as well as the private sector,
  including state-owned enterprises, external debt of USD 193.1 billion.



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                         6,461      15 Mar                     0.7%         1.2%         0.7%          4.3%
                  Net purchases by
                                                   0.41    15 Mar      IDR, tn             --       -2.5         -3.7           9.1
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia              14,310      15 Mar                    0.40%         0.6%         2.0%         -1.2%
                       Bloomberg               14,260      15 Mar                   -0.12%        -0.4%         1.4%         -0.9%

Government bonds
              Yield: 1 year IDR bond             6.5%      15 Mar         bps            1.9           0          -15           -27
              Yield: 5-year IDR bond             7.5%      15 Mar         bps           -3.0         -15          -30           -53
             Yield: 10-year IDR bond             7.9%      15 Mar         bps           -5.5         -16          -12           -19
       Foreign holdings of IDR bonds              940      14 Mar      IDR, tn             --         -3           13            47
   Indonesia USD bonds strip spread               195      14 Mar         bps           -3.2          -5           -4           -42
        Asia USD bonds strip spread               183      14 Mar         bps           -2.5          -4           -3           -34
 Indonesia sovereign CDS: 5yr, mid-
                                                    97     14 Mar          bps          -1.0          -1          -19           -40
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 298     14 Mar          bps          -4.8          -5          -15          -114

Interest rates
                             IndONIA             5.8%      14 Mar          bps            -2        -0.7        -17.7          -7.7
               IndONIA spread relative
                                                 -17.5     14 Mar          bps            -2        -0.7        -17.7          -7.7
                         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.