September 6, 2023 | Jakarta
Bloomberg CEO Forum at Asean
Asean will face political and economic pressure head on and will flourish in the years ahead – with the alliance on track to become the world’s fourth largest economy by 2030. Abundant natural resources, a large population and improving conditions when it comes to business and governance are making it increasingly attractive to investors. But it’s not all good news, the region is highly susceptible to the effects of climate change and will need radical collaboration to navigate the energy transition. Join us in person this September in Jakarta, Indonesia, for a series of conversations on the trends, risks and opportunities facing Asean economies and how they fit into the global picture.
September 6 - Wednesday
Sponsor Spotlight: Synergy for Robust Growth in ASEAN
- Purbaya Yudhi Sadewa, Chairman, Indonesia Deposit Insurance Corporation (LPS)
In Conversation with Minister Luhut Binsar Pandjaitan
We talk one-on-one with one of Indonesia’s most senior statesmen about the progress of the energy transition and how he sees the future of Southeast Asia’s largest economy as it heads towards elections in early 2024.
Luhut Binsar Pandjaitan
Coordinating Minister for Maritime & Investment Affairs
Republic of Indonesia
Yudith Ho
Jakarta Bureau Chief
Bloomberg
International Trade with Asean
What is Asean’s role in global trade? Increasing resilience and diversifying supply chains is a priority across the world as geopolitics continues to put pressure on the system. We look at what’s shaping key relationships with the ten-nation bloc and where the next opportunities lie.
Sponsor Spotlight: Restoring Nature – Creating Wellbeing and a Happiness Economy
The JETP: A Radical Collaboration on Energy
Indonesia has pushed back the launch of a much-anticipated investment plan underpinning a landmark $20 billion climate financing deal struck with US President Joe Biden last year. We talk through the implications with those working on this landmark Just Energy Transition Partnership, or JETP, which is intended to provide affordable financing to clean up the Southeast Asian nation’s coal-dependent power grid.
Transformation Today for Impact Tomorrow
To meet the future face on, many business models need to change. Simply cutting costs will not do. Improving operating models, strengthening supply chains and leveraging tech will be key. We speak to leaders about bridging the gap between strategic vision and operational implementation, so that even legacy industry continues to thrive in the years to come.
Asia’s Venture Capital Landscape
Venture capital appears to be in a bit of a holding pattern given the global economic climate. As capital deployments contract, how have Southeast Asian funds changed their criteria for investments? Is the downturn in fact an opportunity because pitches need to be watertight and only the strong survive? Our panelists share their perspectives.
Investing In Asean Infrastructure
Asean is on the road to becoming the fourth largest economy in the world by 2030. As the region develops at speed it holds attractive opportunities for investors looking for exposure to emerging markets.
Special Session: Navigating the Asean Logistics Landscape
Navigating the Asean Logistics Landscape: Overcoming Complexity for Success
Proudly Sponsored By Pertamina.
Logistics plays an important role in fostering economic development. Apart from its contribution to a country’s GDP, a well-developed logistics network determines most economic activities. An efficient logistics system can improve a country’s competitiveness, facilitate international trade and strengthen its connectivity. It also enables regionally integrated production facilities for reliable delivery of inputs and outputs.
Southeast Asian countries have outlined the Asean Vision 2020. Its goal is to create a stable, prosperous and highly competitive Asean economic region in which there is a free flow of goods, services, investment and a freer flow of capital, equitable economic development and reduced poverty and socio-economic disparities in year 2020.
In 2022, the estimated total GDP of Asean countries amounted to approximately 3.66 trillion U.S. dollars, a significant growth from the previous years. In fact, the GDP of the Asean region has been skyrocketing for a few years now, reflecting the region’s thriving and robust economy. The region should utilize this momentum to propel itself higher to reach the Asean Vision 2020. One of its urgent homework is to strengthen its logistics.
This session covers deep dive discussions on overcoming complex challenges in logistics development within the Asean region. Speakers will elaborate on the dynamics of logistics, including the shipping and marine logistics in Asean countries and how the region can elevate its competitiveness in the sector.
- Yoki Firnandi, CEO, PT Pertamina International Shipping (PIS)
- Asmiati Malik, Expert, International Political Economy
- Khoon Tee Tan, Managing Partner and Senior Partner, McKinsey Indonesia
- Jodi Mahardi – Deputy for Maritime Sovereignty and Energy Coordination
- Moderator: Michelle Cortez, Senior Reporter, Editor, Bloomberg
In Conversation with Microsoft's Ahmed Mazhari
Rapid advances in artificial intelligence, machine learning and cloud computing will drastically impact economic and social development. How should businesses, governments and wider society partner to responsibly deliver the promise of these groundbreaking innovations? We speak to Microsoft’s President of Asia, Ahmed Mazhari about his vision for supercharging social and economic progress in Asia.
Payments Without Borders
With more than 600 million people and a combined GDP of $3.2 trillion across Asean, seamless cross-border payments are much needed. The central banks of Indonesia, Thailand, Malaysia, the Philippines and Singapore signed a memorandum of understanding to cooperate on regional payment connectivity in Bali last year to “promote inclusive growth” but how close are we to our frictionless future? What role will regulation play? And how can we build trust in such a fast-changing financial ecosystem?
In Conversation with Farwiza Farhan
“Conservation is no longer the issue sitting on the fringe… Each and every one of us depend on healthy ecosystems to thrive.” We speak one-on-one to a campaigner who has dedicated herself to the long-term sustainability of Aceh province, through the protection and restoration of its unique Leuser Ecosystem.
In Conversation with Pandu Sjahrir
Southeast Asia investor, entrepreneur and CEO Pandu Sjahrir gives us his take on the region’s resilience against a tough global economic backdrop. From Indonesia’s energy transition and how it intends to become one of the world’s leading EV battery producers to how digitization will drive the wider economy in Asean.
LPS Sponsor Breakout Sessions
Breakout 1
Riding Through Uncertainty Waves with Financial Safety Net: The Role of Deposit Insurer
Currently we are in a New Era, where asymmetric information is not caused by lack of information like it used to be in the past, but by overflow of information that contains hoaxes and other information biases. This overflow of information even becomes more intense when digitalization is accelerated by the Covid-19 pandemic. During this digital information era, financial industry and financial markets become more interconnected globally, thus, increasing their complexity. Meanwhile, global uncertainties remain at a challenging level even after the Covid-19 pandemic. The uncertainties come from various sources including slowdown in global economic growth, stubborn inflation, increasing interest rates, geopolitical tensions, bank-sovereign nexus, and commodity prices bust. Facing these challenges, the Nobel Prize laureate Prof. Joseph Stiglitz from Columbia University and Prof. Iwan J. Azis, a distinguished senior Indonesian economist from Cornell University, will share their thoughts on the evolving role of deposit insurer as a part of financial safety net arrangements to maintain financial system stability, especially in the context of ASEAN region.
- Prof. Joseph Stiglitz, Columbia University & Nobel Memorial Prize in Economic Sciences
- Prof. Iwan Jaya Aziz, Professor, Cornell University
- Moderator: Herman Saheruddin, Director of Research Group, Indonesia Deposit Insurance Corporation (LPS)
Breakout 2
Blue Halo S: From Ecosystems to Communities – An Approach to Sustainable Development
The Indonesian marine ecosystem is of national and global, ecological and economic importance. Blue Halo S, driven by a groundbreaking “protection-production” strategy, unites environmental preservation and economic prosperity to strengthen Indonesia’s marine economy. Ranging from advancing sustainable fisheries and expanding marine protected areas to revitalizing blue carbon ecosystems and fostering an inclusive blue economy, Blue Halo S ignites a surge of beneficial transformation. Indonesia is at the forefront of ocean protection, and through Blue Halo S, the nation is not only shaping our future but also inspiring a global wave of positive change.
- M. Firman Hidayat, Acting Deputy for Coordination of Maritime Resources, Coordinating Ministry for Maritime Affairs and Investment of Indonesia
- Meizani Irmadhiany, Senior Vice President & Executive Chair, Konservasi Indonesia
- Dr. German Velasquez, Director, Global Climate Fund Mitigation and Adaptation Division, Green Climate Fund (GCF)
- Moderator: Ramadhian Moetomo, Director of International Affairs Group, Indonesia Deposit Insurance Corporation (LPS)
Sponsor Spotlight: Driving ASEAN's Economy through Digital Innovation
FinTech For Inclusive Growth
Exploring the role of fintech in making banking more accessible in the Asean region. We’ll discuss why it’s a crucial area for economic development and a major step on the road to eradicating poverty in developing and emerging markets. Covid served as a wake-up call and pushed mobile money to new heights, what happens next?