INDONESIA D AILY ECONOMIC UPDAT E
                                      Monday, 20 August 2018



ECONOMIC HIGHLIGHTS
 The Ministry of Finance is preparing a ministrial regulation draft to regulate import income tax
  (PPh).
 The Financial Service Authority (OJK) launched a financial technology (fintech) center to
  support the development of fintech industry in the country.
 Bank Indonesia (BI) is to lower the minimum transaction amount for forex swap hedging from
  USD 10 million to USD 2 million.
 BI reported that the external debt at the end of Q2 2018 amounted to USD 355.7 billion,
  consisting of government and central bank external debt of USD 179.7 billion, as well as
  private sector (including state-owned enterprises) external debt of USD 176.0 billion. The
  external debt grew by 5.5 percent yoy, slower than previous month’s growth.
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                        5,892      20 Aug                     1.9%        0.5%         0.3%          -7.3%
                  Net purchases by
                                                -0.33     20 Aug      IDR, tn            --       -2.9         -0.8         -51.3
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia             14,578      20 Aug                    -0.3%        0.0%         0.4%          7.6%
                       Bloomberg              14,588      20 Aug                     0.0%       -0.1%         0.6%          7.6%

Government bonds
              Yield: 1 year IDR bond            6.1%      20 Aug         bps           1.1          4            -3           102
              Yield: 5-year IDR bond            7.7%      20 Aug         bps          -6.2          6            -3           169
             Yield: 10-year IDR bond            8.1%      20 Aug         bps          -5.1          9             7           147
       Foreign holdings of IDR bonds             845      16 Aug      IDR, tn            --        -1             8             8
   Indonesia USD bonds strip spread              194      16 Aug         bps          -2.1         10             0            28
        Asia USD bonds strip spread              187      16 Aug         bps          -1.2          7            -4            32
 Indonesia sovereign CDS: 5yr, mid-
                                                   124    16 Aug          bps          1.0         11               2          36
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 340    16 Aug          bps            4         28           -11           119

Interest rates
                     JIBOR overnight            5.3%      20 Aug          bps          1.1       29.3          32.7         144.9
                 JIBOR spread relative
                                                -15.1     20 Aug          bps          1.1         4.3          7.7          19.9
                         to policy rate

International reserves                         118.3       31 Jul   USD, bn              --          --        -1.5         -11.9

* 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 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.