Inside Indonesia: Promise & Pitfalls



Joko Widodo's top priority since taking the helm as Indonesia's President is to push Indonesia's economic growth to above 7% a year. To do so, President Jokowi needs to restructure the economy and attract more foreign investment. As the Jokonomics era begins, Indonesia's Minister of Finance Bambang Brodjonegoro and our panel of business leaders gather in Jakarta for The CNBC Summit. They weigh in on the future of this near-trillion dollar economy in this exclusive thought-provoking discussion moderated by award-winning CNBC Anchor, Martin Soong.

The CNBC Summit is a dialogue series that puts the spotlight on a nation's economic climate and highlights areas of achievement, development, risk and opportunity. Our in-depth conversation and panel discussion with thought leaders and experts will feature actionable insights for decision makers and investors.

Martin Soong

CNBC Anchor

Martin Soong is the co-anchor of CNBC's Street Signs, based in Singapore. Part of the CNBC Asia team since 1993, Soong is one of the founding anchors of the network, and has played a key role in helping shape its identity and development. He is the only 6-time winner of the Asian Television Awards for Best News Anchor, voted by industry peers.

An exclusive conversation with the Finance Minister of Indonesia, Bambang Brodjonegoro, as he talks about the future of Indonesia.

Mr. Bambang Brodjonegoro

Minister of Finance, Indonesia

Bambang Permadi Soemantri Brodjonegoro was appointed Minister of Finance in October 2014. He was formerly dean of the Faculty of Economics at the University of Indonesia and a guest lecturer at the Department of Urban and Regional Planning, University of Illinois in Urbana-Champaign. In January 2011, he was inaugurated as acting head of the fiscal policy office, Ministry of Finance. From October 2013, Bambang served as the Vice Minister of Finance.

Bambang obtained his bachelor’s degree in economics from the University of Indonesia with a specialisation in economic planning. He holds a master’s degree and PhD in the field of regional science from the University of Illinois at Urbana-Champaign.

An in-depth discussion on Indonesia’s opportunities, risks and growth strategies with a panel of business leaders, who are shaping the business landscape in Indonesia.

Mr. Fauzi Ichsan

Managing Director & Senior Economist, Standard Chartered

Fauzi Ichsan is managing director, senior economist and head of government relations at Standard Chartered Bank. He is a member of the bank's Indonesia management committee. Earlier this year, he was also head of Indonesian Democratic Party of Struggle's (PDI-P) banking and finance advisory team during the presidential election campaign.

Before joining Standard Chartered in 2001, Fauzi was senior economic adviser to the British ambassador Sir Robin Christopher in Jakarta. Fauzi has a Bachelor's degree from the London School of Economics and a Master's degree from the Massachusetts Institute of Technology.

Mr. Emirsyah Satar

President and CEO, Garuda Indonesia

Appointed as President & CEO since March 16, 2005. Previously, Mr Satar served as Vice President Director of Bank Danamon, EVP Finance of the Company, CEO/Managing Director of Niaga Finance in Hong Kong, CEO/Managing Director of PT Niaga Leasing Corporation in Jakarta, President Director/CEO of PT Niaga Factoring Corporation in Jakarta, General Manager- Corporate Finance of Jan Darmadi Group, Assistant VP Corporate Banking Group of Citibank N.A., Auditor for Coopers & Lybrand Audit Firm.

Concurrently, he also serves as Vice Chairman for the Indonesian Chamber of Commerce and Industry for International Economic Cooperation, member of the International Air Transport Association (IATA), Board of Governors and member of the Executive Committee Association of Asia Pacific Airlines (AAPA).

Mr. Douglas Ramage

Director, BowerGroupAsia

Douglas Ramage has more than 25 years' experience in Indonesia. A leading expert on Indonesian politics, economics and business affairs, he is the chief representative of BowerGroupAsia, a business and investment advisory firm providing guidance to Fortune 500 companies in Indonesia. Doug is also a Governor at the American Chamber of Commerce in Indonesia, and chairs the Trade and Investment Committee. He previously served as senior advisor to both the World Bank and the Australian government.

Doug spent two years (1991-93) as Fulbright Scholar at the Center for Strategic and International Studies in Jakarta and was Research Fellow at Singapore's Institute of Southeast Asian Studies in 1989.


Registration & Networking Refreshments


Remarks by the Coordinating Minister of Indonesia, Sofyan A. Djalil


The CNBC Conversation with the Indonesia's Minister of Finance, Bambang Brodjonegoro


Networking Break


CNBC Panel Discussion


Address by the Vice President of Indonesia, Jusuf Kalla


Thank You speech by Presenting Sponsor, Perusahaan Gas Negara



*All times given in Jakarta time (WIB)



PGN are specialists in the transportation and distribution of natural gas, connecting Indonesia's natural gas supplies with customers across the country. PGN is building on foundations firmly established over many decades and evolving from a gas transmission and distribution company into an integrated energy solution provider, maximizing the utilization of natural gas to meet the ever increasing and ever more challenging demands of modern industry and society. As the demand for clean, affordable energy continues to grow, PGN will continue to use its expertise and experience to secure new sources of energy to meet customers' long-term needs.


Pacific Century Premium Developments

Majority-owned by PCCW Limited (“PCCW”, SEHK: 00008), Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is mainly engaged in developing and managing premium property and infrastructure projects, as well as investing in premium-grade buildings in the Asia-Pacific region. Notable landmark developments of PCPD include Bel-Air in Hong Kong and Pacific Century Place in Tokyo, Japan. The Group is continuously exploring potential investment opportunities throughout Asia and around the world. In line with this strategy, it has drawn up long-term plans for the development of world-class all-season resorts in Hokkaido, Japan, and Phang-nga, Thailand. The latest development of PCPD is a world-class Grade A office building in Jakarta CBD, Indonesia.



BKPM is the Investment Coordinating Board of the Republic of Indonesia. As the primary interface between business and government, BKPM is mandated to boost domestic and foreign direct investment through creating a conducive investment climate. Restored to Ministerial status in 2009, and reporting directly to the President of the Republic of Indonesia, this investment promotion agency's goal is not only to seek more domestic and foreign investment, but also seek quality investments that improve social inequality and reduce unemployment. The agency works as a proactive advocate for investments as well as a matchmaker for investors.

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