INDONESIA D AILY ECONOMIC UPDAT E
                                     Tuesday, 08 January 2019



ECONOMIC HIGHLIGHTS
 Starting from 2 January 2019, Bank Indonesia no longer publishes overnight JIBOR (Jakarta
  Interbank Offered Rate) and it is expected that existing financial contracts using overnight
  JIBOR as a reference for overnight tenor, shift to IndONIA (Indonesia Overnight Index
  Average).
 The headline seasonally adjusted Nikkei Indonesia Manufacturing Purchasing Managers ’ Index
  (PMI) rose from 50.4 in November to 51.2 in December.
 Foreign exchange reserves stood at USD 120.7 billion at the end of December 2018, USD 3.4
  billion higher than the November level.
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                       6,263        08 Jan                  -0.4%        1.1%         2.2%         -1.5%
                  Net purchases by
                                                   0.43    08 Jan    IDR, tn            --        2.5         -3.3         -48.8
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia            14,031        08 Jan                  -0.5%       -3.1%        -3.5%          3.6%
                       Bloomberg             14,148        08 Jan                   0.5%       -1.7%        -2.3%          4.4%

Government bonds
              Yield: 1 year IDR bond           6.8%        08 Jan       bps           1.8          -3           -8          171
              Yield: 5-year IDR bond           8.0%        08 Jan       bps           4.4          -3           -8          194
             Yield: 10-year IDR bond           8.1%        08 Jan       bps           1.0           0           -7          151
       Foreign holdings of IDR bonds            900        07 Jan    IDR, tn            --          7            1           64
   Indonesia USD bonds strip spread             224        07 Jan       bps          -5.4         -12           -7           58
        Asia USD bonds strip spread             210        07 Jan       bps          -3.3          -8           -4           55
 Indonesia sovereign CDS: 5yr, mid-
                                                   135     07 Jan        bps         -5.9          -2           -6            47
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 402     07 Jan        bps          -18         -10          23           181

Interest rates
                            IndONIA            5.8%        07 Jan        bps            7        -5.4         -5.4        194.8
              IndONIA spread relative
                                               -15.2       07 Jan        bps            7        -5.4         -5.4         19.8
                        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.