INDONESIA D AILY ECONOMIC UPDAT E
                                     Monday, 28 January 2019



ECONOMIC HIGHLIGHTS
 The Ministry of State-Owned Enterprises (Kementerian BUMN) is trying to speed up the
  formation process of two BUMN holdings for infrastructure and housing.




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                       6,459       28 Jan                   -0.4%        0.1%         4.3%          4.3%
                  Net purchases by
                                               -0.66      28 Jan     IDR, tn            --       -0.3          9.4           9.4
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia            14,038       28 Jan                   -0.9%       -1.2%        -3.5%         -3.1%
                       Bloomberg             14,072       28 Jan                   -0.1%       -1.1%        -3.4%         -2.2%

Government bonds
              Yield: 1 year IDR bond           6.9%       28 Jan        bps          -0.7           2            5             5
              Yield: 5-year IDR bond           8.0%       28 Jan        bps           1.0           2            1             1
             Yield: 10-year IDR bond           8.3%       28 Jan        bps           0.6           0           19            19
       Foreign holdings of IDR bonds            902       23 Jan     IDR, tn            --          3            8             9
   Indonesia USD bonds strip spread             192       25 Jan        bps          -7.4         -10          -32           -44
        Asia USD bonds strip spread             183       25 Jan        bps          -5.3          -9          -25           -35
 Indonesia sovereign CDS: 5yr, mid-
                                                   118    25 Jan         bps         -3.9          -7          -24           -20
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 324    25 Jan         bps          -15         -36          -73           -88

Interest rates
                            IndONIA            5.9%       25 Jan         bps            0        -5.5         -4.7          -4.6
              IndONIA spread relative
                                               -14.3      25 Jan         bps            0        -5.5         -4.7          -4.6
                        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.