Oct 16 (Reuters) - Singapore investors can now access three Indonesian blue-chip companies via newly launched Singapore depository receipts, or SDRs, under the Indonesia-Singapore DR Linkage, according to a statement by Singapore Exchange SGXL.SI on Thursday.

Singapore Exchange and Indonesia's stock market operator launched an inaugural batch of SDRs, issued by Phillip Securities Pte. The SDRs will give investors exposure to IDX-listed firms Bank Central Asia BBCA.JK, Telkom Indonesia TLKM.JK and Indofood CBP ICBP.JK — all part of the benchmark IDX30 Index.

The new SDRs enable investors in Singapore to gain exposure to Indonesian-listed companies through local brokers, with trades settled in Singapore dollars during SGX trading hours.

"SDRs complement the onshore market by bringing in a broader group of investors, which adds to the liquidity of the underlying market," Singapore Exchange said in the statement.

This is the second exchange-level DR cooperation in ASEAN, following the DR linkage between Thailand and Singapore.

"Collaborations with other exchanges is also one element within the holistic set of recommendations that the Equities Market Review Group had announced in February," said Loh Boon Chye, Singapore Exchange's CEO.

(Reporting by Nichiket Sunil in Bengaluru; Editing by Alan Barona)

((Nichiket.sunil@thomsonreuters.com))