In the lead up to the 16th ABLA, the SIXCAP | CNBC Exchange series will explore current topics of interest to business leaders in different countries. Open to a select group of c-level and senior executives, each Exchange features a highly-engaging morning debate with discussion and is followed by a networking session over lunch.
Indonesia's banking industry is at a crossroad. While lending activity is slowly picking up, years of sluggish growth and weak commodity prices have pushed up the number of bad loans in the sector. Ratings agency S&P estimates that weak loans are now around 11 percent of total credit in Indonesia; the highest in Asia. At the same time, the emergence of fintech companies is intensifying competition in the consumer banking space. How can Indonesia's banking sector cope with the challenges? Is the country able to achieve its target of offering financial services to three quarters of its population by 2019? We'll assess the state of the banking industry in Southeast Asia's largest economy with our panel of guests.
Martin Soong is the co-anchor of CNBC's Street Signs, based in Singapore. The programme follows the day's biggest moves to provide viewers with actionable, real-time insights. From the anchor desk to the trading desk, the show helps you to capitalize on the plays of the day.
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.
A 20-year broadcast veteran, Soong has dominated business television in Asia for two decades. He covered the Asian financial crisis, and has also reported widely, from APEC and ASEAN summits, to post-conflict zones like East Timor.