Pertamina Raises Pertamax and Pertamax Green 95 Prices to Adjust for Global Trends

Pertamina Raises Pertamax and Pertamax Green 95 Prices to Adjust for Global Trends

World Team    Juni 10, 2026    Comment   

world.campusnesia.co.id - Jakarta - State-owned energy company PT Pertamina Patra Niaga officially adjusted the prices of its non-subsidized fuel products, Pertamax (RON 92) and Pertamax Green 95, effective Wednesday, June 10, 2026.

The policy introduces a significant price increase for motorists using higher-octane fuels, particularly in the Greater Jakarta (Jabodetabek) region. The price of Pertamax (RON 92) has risen from Rp12,300 to Rp16,250 per liter, while Pertamax Green 95 saw an increase from Rp12,900 to Rp17,000 per liter.

Meanwhile, Pertamina has kept the price of its top-tier non-subsidized fuel, Pertamax Turbo, steady at Rp20,750 per liter.

"The price adjustment is a necessary step to maintain fuel supply sustainability and distribution efficiency across the country, while closely aligning with global oil market dynamics," Pertamina Patra Niaga stated in an official release.

The corporate management also emphasized that prices may vary slightly across different provinces outside of Java due to variations in local fuel motor vehicle taxes (PBBKB).

Subsidized Fuel Prices Remain Unchanged

Amid concerns over the economic impact on lower-income households, the government confirmed that subsidized fuels will not experience any price hikes. Pertalite (RON 90) remains fixed at Rp10,000 per liter, and BioSolar (subsidized diesel) stays at Rp6.800 per liter.

Independent energy analysts note that while the steep rise in Pertamax might push some vehicle owners to switch back to subsidized Pertalite, keeping subsidized fuel prices stable is crucial for controlling inflation and maintaining public purchasing power in the near term.

Biography of Chatib Basri, The Master Economist Who Steered Indonesia Through Global Financial Storms

Biography of Chatib Basri, The Master Economist Who Steered Indonesia Through Global Financial Storms

World Team    Juni 06, 2026    Comment   

World.campusnesia.co.id — In the volatile world of emerging market economics, few names command as much international respect as Professor Muhamad Chatib Basri. Known globally as a brilliant academic, a decisive policymaker, and Indonesia’s former Minister of Finance, Basri has spent decades bridging the gap between complex macroeconomic theories and pragmatic public policy.

From managing historic global capital flight to advising top-tier financial institutions like the World Bank and IMF, here is the comprehensive biography and career blueprint of Chatib Basri—the master economist who kept Indonesia’s economy steady when the global markets shook.

Fast Facts & Executive Biography

Full Name: Prof. Dr. Muhamad Chatib Basri, S.E., M.Ec.

Date of Birth: August 22, 1965

Place of Birth: Jakarta, Indonesia

Alma Mater: University of Indonesia (UI), Australian National University (ANU)

Expertise: Macroeconomics, International Trade, Political Economy

Notable Roles: Minister of Finance of the Republic of Indonesia (2013–2014), Chairman of PT Bank Mandiri Tbk

Official Twitter/X: @ChatibBasri

Academic Foundation: From Jakarta to Canberra

Chatib Basri’s journey into elite economics began at the prestigious Faculty of Economics and Business, University of Indonesia (FEB UI), where he earned his Bachelor's degree. Recognizing his sharp analytical mind, he pursued his postgraduate studies in Australia.

He attended the world-renowned Australian National University (ANU) in Canberra, where he completed both his Master of Economic Development and his Ph.D. in Economics. His academic research heavily focused on international trade, industrial organization, and how political landscapes affect economic growth—the very tools that would later define his governance strategy.

Upon returning to Indonesia, Basri dedicated himself to academia, teaching at FEB UI and serving as the Director of the Institute for Economic and Social Research (LPEM FEB UI), one of Indonesia's most influential economic think tanks.

Steering the Ship: Taming the 2013 "Taper Tantrum"

Chatib Basri's transition from academic expert to state helmsman came during a period of critical global economic anxiety.

- The BKPM Leadership (2012–2013): President Susilo Bambang Yudhoyono initially appointed Basri as the Chairman of the Investment Coordinating Board (BKPM). In this role, he successfully streamlined bureaucratic processes, making Indonesia a prime hotspot for foreign direct investment (FDI).

- The Minister of Finance Era (2013–2014): In May 2013, Basri was sworn in as the Minister of Finance. Almost immediately, he faced the infamous "Taper Tantrum"—a massive global market panic triggered by the US Federal Reserve's announcement that it would scale back its quantitative easing program.

As foreign capital rapidly fled emerging markets, causing a sharp devaluation of the Rupiah, Minister Basri acted decisively. He implemented a mix of prudent macroeconomic policies, slashed fuel subsidies to stabilize the state budget, and introduced tax incentives to keep domestic businesses afloat. Under his leadership, Indonesia safely bypassed what could have been a catastrophic financial crisis, earning praise from Wall Street and global financial bodies alike.

A Global Voice in International Finance

Chatib Basri's expertise extends far beyond Southeast Asia. He is one of the very few Southeast Asian economists whose perspectives are routinely sought on the global stage:

1. Global Advisory Boards: Basri has served on the High-Level Advisory Group for the World Bank and the International Monetary Fund (IMF) on Co-Chairs for Pandemic Preparedness and Global Health Financing.

2. International Fellowships: He has held prestigious fellowships worldwide, including roles as a visiting professor at Harvard University’s John F. Kennedy School of Government and his alma mater, ANU.

3. Corporate Governance: In the private and banking sectors, his strategic vision led him to be appointed as the President Commissioner (Chairman) of PT Bank Mandiri (Persero) Tbk—Indonesia's largest financial institution by assets.

The Master of "Simple Economics"

What makes Chatib Basri a standout public figure is his unique communication style. He is widely appreciated for his ability to translate dense macroeconomic jargon—like inflation rates, fiscal space, and monetary tightening—into clear, logical, and everyday concepts that the general public can easily understand.

Through his regular analytical columns in major global media and his active presence on social media, he remains an accessible mentor to the next generation of global economists.

What is your take on Chatib Basri's economic legacy?

His policy decisions during the Taper Tantrum offer a timeless masterclass on how emerging markets can survive a strong US dollar environment. Share your thoughts in the comment section below!

Enjoyed this executive biography? Share this post on LinkedIn, Twitter/X, and your professional financial circles to highlight the leaders shaping global economic policy!

Indonesia's Hunger Buster, Inside Prabowo's Massive Free Meals Program (MBG)

Indonesia's Hunger Buster, Inside Prabowo's Massive Free Meals Program (MBG)

World Team    Februari 10, 2026    Comment   

 
A bustling kitchen scene from Indonesia's "Makan Bergizi Gratis" (MBG) program, showing workers preparing nutritious meals for distribution.

world.campusnesia.co.id - ndonesia is currently undertaking one of the most ambitious social programs in its history: the Makan Bergizi Gratis (MBG), or Free Nutritious Meals program. Spearheaded by President Prabowo Subianto, this initiative is far more than just providing food; it's a strategic national investment aimed at transforming the future of the archipelago.

Let's dive into what makes the MBG program a game-changer for Indonesia.

What is the Makan Bergizi Gratis (MBG) Program?

At its core, the MBG program is designed to deliver free, nutritious meals to vulnerable populations across Indonesia. Launched as a cornerstone of President Prabowo's "Asta Cita" vision, its primary objective is to combat stunting and improve overall public health. It’s seen as a crucial step towards realizing Indonesia's "Golden Indonesia 2045" vision – a future where the nation is powered by a healthy, intelligent, and productive populace.

Who Benefits from This Massive Initiative?

The program's reach is extensive, targeting specific groups most in need of nutritional support. As of early 2026, the MBG program aims to serve a staggering 82 million people by the end of the year, building on the 60 million already reached.

4 Key beneficiaries include:

- Pre-school and School-aged children: From PAUD (Early Childhood Education) to high school students, ensuring young minds have the energy to learn and grow.

- Religious School Students (Pesantren): Extending support to educational institutions vital to Indonesian society.

- Pregnant Women: Providing essential nutrition for maternal health and healthy fetal development.

- Breastfeeding Mothers: Supporting new mothers to ensure healthy development for infants.

The Scale and Logistics: A Nationwide Endeavor

Managing a program of this magnitude requires unprecedented logistical planning. The government has established the Badan Gizi Nasional (National Nutrition Agency) to oversee the MBG's implementation.

Central to its operation are the Service Units for Nutrition Fulfillment (SPPG). These are essentially large-scale community kitchens:

- 22,000+ Operational Kitchens: These units are strategically located across the country, with each designed to serve approximately 3,000 individuals daily.

- Local Sourcing: A key economic benefit is the program's commitment to sourcing ingredients from local farmers and Micro, Small, and Medium Enterprises (MSMEs). This not only ensures freshness but also injects vital capital into local village economies.

- Massive Budget: With a projected budget exceeding Rp 71 trillion for its first full operational year, the MBG program represents a significant government investment, highlighting its importance in national development.

Impact and Future Outlook

The MBG program is not without its challenges, including initial reports of food safety concerns and distribution hurdles. However, President Prabowo's administration has emphasized a "zero-defect" goal, pushing for rigorous supervision and continuous improvement.

Beyond the immediate nutritional benefits, the program is already demonstrating broader impacts:

- Job Creation: The establishment of thousands of kitchen units and an extensive supply chain has reportedly created around 1 million jobs, providing vital employment opportunities across Indonesia.

- Economic Boost: By prioritizing local sourcing, the MBG program acts as a significant stimulus for agricultural sectors and small businesses.

While debates continue regarding fiscal sustainability and the pace of expansion, the Makan Bergizi Gratis program stands as a powerful testament to Indonesia's commitment to its youngest citizens and future prosperity. It's a bold step towards ensuring that every Indonesian has the chance to thrive, starting with a nutritious meal.

How Does MBG Compare Globally?

Indonesia isn't the first to try this, but the MBG program is unique because of its scale and the speed of its rollout. Many look to India and Brazil as the "gold standards" for national feeding programs.

Here is how Indonesia compares to other world leaders:

Lessons from Abroad

1. India’s Massive Scale

India runs the world's largest program. Indonesia has closely studied India’s use of Public-Private Partnerships (PPPs), like the Akshaya Patra Foundation, to maintain high food quality at a low cost.

+1

2. Brazil’s Economic Model

Brazil is the inspiration for Indonesia’s "local sourcing" rule. By legally requiring that a portion of food comes from local farmers, Brazil successfully used its meal program to pull millions of rural families out of poverty.

3. The Nordic Standard

Countries like Finland and Sweden have provided universal free school meals since the 1940s. Their focus is now less on "hunger" and more on "pedagogical meals," where the lunchroom is a classroom for teaching lifelong healthy eating habits.

+1

Frequently Asked Questions (FAQ)

1. Who is eligible for the Makan Bergizi Gratis (MBG) program?

The program targets school students (from PAUD to High School), students in pesantren (religious schools), pregnant women, breastfeeding mothers, and toddlers. In some regions, specific pilots have also expanded to include the elderly.

2. How much is the budget for the MBG program in 2026?

For the 2026 fiscal year, President Prabowo has allocated approximately Rp 335 trillion. This is a significant increase from the 2025 starting budget of Rp 71 trillion, reflecting the nationwide scale-up to reach over 80 million people.

3. Does the program really help local farmers?

Yes. One of the program's core mandates is that the Service Units (SPPG) must source ingredients—like rice, eggs, vegetables, and meat—from local farmers, fishermen, and MSMEs. This keeps money circulating within the village economy rather than flowing only to large corporations.

4. What is the "National Nutrition Agency" (Badan Gizi Nasional)?

The Badan Gizi Nasional (BGN) is the dedicated government body formed specifically to manage, distribute, and oversee the MBG program. They are responsible for ensuring food safety, nutritional standards, and logistical efficiency across all 38 provinces.

5. Is the MBG program the same as the "Free Lunch" campaign promise?

Yes. While it was popularly called "Makan Siang Gratis" during the campaign, the official name was changed to Makan Bergizi Gratis (MBG) to emphasize that the quality and nutritional content of the food are the top priorities, not just the act of eating.

Biography of Muhaimin Iskandar

Biography of Muhaimin Iskandar

World Team    Februari 25, 2024    Comment   

 

Nesianetwork.id - Muhaimin Iskandar is an Indonesian politician born on February 4, 1966. He has had a notable career in public service, serving as the Minister of Manpower and Transmigration in Indonesia. Iskandar has been actively involved in various political parties, including the National Awakening Party (PKB) and the Indonesian Democratic Party of Struggle (PDI-P). Known for his dedication to labor issues, he has played a crucial role in shaping policies related to employment and transmigration in Indonesia. His commitment to social and economic welfare has made him a respected figure in Indonesian politics.

Muhaimin Iskandar's early life began in the city of Surabaya, Indonesia. Raised in a politically active family, he developed an interest in social issues from a young age. Iskandar holds a bachelor's degree in law from Airlangga University, and later pursued a master's degree in international relations from Gadjah Mada University.

Throughout his career, Iskandar has been a staunch advocate for workers' rights and social justice. His dedication led him to various leadership roles, including serving as the Secretary General of the National Awakening Party (PKB). His involvement in trade unions and labor movements has been pivotal in addressing the concerns of Indonesian workers.

Iskandar's political journey also saw him as a member of the People's Consultative Assembly (MPR) and the Regional Representative Council (DPD). His multifaceted contributions to Indonesian politics reflect a commitment to fostering inclusive development and addressing the challenges faced by marginalized communities.

Biography of Anies Baswedan

Biography of Anies Baswedan

World Team    Januari 03, 2024    Comment   

 

Nesianetwork.id - Anies Baswedan is an Indonesian politician and academic, born on May 7, 1969, in Kuningan, West Java. He has a background in economics and political science, obtaining a bachelor's degree from Gadjah Mada University and a master's degree from the University of Maryland, USA.

Anies served as the Minister of Education and Culture in Indonesia from 2014 to 2016. Known for his commitment to education reform, he implemented policies aimed at improving the quality of education and reducing educational disparities.

In 2017, Anies Baswedan transitioned to regional politics and was elected as the Governor of Jakarta, the capital city of Indonesia. His governorship focused on addressing urban challenges, infrastructure development, and social issues. He gained attention for initiatives such as improving public transportation and green spaces.

Throughout his career, Anies Baswedan has been a prominent figure in Indonesian politics, advocating for inclusive and sustainable development. His journey reflects a dedication to education and a commitment to making positive changes in the societal landscape.

Anies Baswedan's leadership in Jakarta faced both praise and criticism. Some supporters applaud his efforts to enhance public services, such as revitalizing rivers and improving public transportation. However, critics argue that certain policies, like the odd-even license plate rule, sparked controversy.

Born into a diverse cultural background, Anies is of Javanese, Arab, and Chinese descent. Before entering politics, he had a successful academic career, holding positions at various universities and contributing to international publications.

Anies Baswedan continues to be a significant political figure in Indonesia, and his actions and decisions as Governor have a lasting impact on the country's political and social landscape.

Biography of Ganjar Pranowo

Biography of Ganjar Pranowo

World Team    Januari 03, 2024    Comment   

 

Nesianetwork.id - Ganjar Pranowo, a prominent figure in Indonesian politics, has made significant strides in his career, earning respect and recognition for his contributions to governance. This article delves into the life, political journey, and key accomplishments of Ganjar Pranowo.

Born on December 1, 1968, in Semarang, Central Java, Ganjar Pranowo's early life laid the foundation for his future in politics. He pursued his education with dedication, earning a degree in agricultural economics from the University of Diponegoro in Semarang.

Ganjar Pranowo's political journey began in the early 2000s when he entered local politics. He served as a member of the Semarang City Council before becoming the Regent of Batang in 2005. His commitment to public service and innovative approach to governance quickly garnered attention.

As the Regent of Batang, Ganjar Pranowo implemented various initiatives focused on economic development, agriculture, and social welfare. His efforts in promoting sustainable practices and community empowerment earned him praise and set the stage for his future political career.

Ganjar Pranowo's rise to prominence continued as he was elected as the Governor of Central Java in 2013. His leadership style, characterized by inclusivity and a focus on the welfare of the people, resonated with voters. Under his governance, Central Java experienced notable progress in various sectors.

One of Ganjar Pranowo's distinctive features as a politician is his commitment to inclusivity. He prioritizes policies that address the needs of all citizens, regardless of background or affiliation. This inclusive approach has contributed to a more harmonious and united Central Java.

Like any political figure, Ganjar Pranowo has faced challenges and controversies throughout his career. It is essential to examine these aspects objectively, understanding the context in which they occurred and the responses from both supporters and critics.

As of my last knowledge update in January 2022, Ganjar Pranowo's political journey continues to unfold. It is advisable to stay informed about the latest developments to gain insights into his evolving role in Indonesian politics.

Ganjar Pranowo stands as a notable figure in Indonesian politics, known for his commitment to public service, inclusive governance, and dedication to the well-being of the people. This article provides a glimpse into his life, achievements, and the challenges he has faced, inviting readers to appreciate the multifaceted nature of his political journey.

Biography of Mahfud MD

Biography of Mahfud MD

World Team    Januari 03, 2024    Comment   

 

Nesianetwork.id - Mahfud MD stands as a prominent figure in Indonesian politics, known for his extensive legal and political career. This article aims to provide an insightful overview of Mahfud MD, highlighting his background, key contributions, and the impact he has made on the political landscape of Indonesia.

Born on May 13, 1957, in Sampang, East Java, Mahfud MD pursued a legal education, earning a law degree from Gadjah Mada University in Yogyakarta. His commitment to the legal field became evident early on as he delved into academia, later obtaining a master's degree in constitutional law.

Mahfud MD's legal career is marked by his expertise in constitutional law. He served as a professor at his alma mater and contributed significantly to the development of Indonesia's legal framework. His scholarly work, including publications on constitutional law, solidified his reputation as an authority in the field.

Transitioning from academia to politics, Mahfud MD entered the political arena and became a member of the People's Consultative Assembly (MPR). Over the years, he held various positions, including Minister of Defense and Minister of Justice and Human Rights. His commitment to upholding the rule of law and constitutional principles has been a consistent theme throughout his political career.

1. Constitutional Reforms

Mahfud MD played a crucial role in the constitutional reforms of Indonesia. His insights and legal acumen contributed to the development of a more robust and democratic constitutional framework.

2. Legal Reforms

As Minister of Justice and Human Rights, Mahfud MD focused on implementing reforms to enhance the legal system. His efforts aimed at improving access to justice and upholding human rights standards within the country.

3. National Security

Serving as the Minister of Defense, Mahfud MD navigated complex national security challenges. His pragmatic approach and commitment to maintaining peace and stability earned him respect in the realm of defense and security.

Mahfud MD is widely regarded as a statesman who values the principles of democracy, rule of law, and constitutional governance. His measured and thoughtful approach to issues has garnered respect from both political allies and opponents.

Mahfud MD's journey from academia to politics reflects a deep commitment to shaping Indonesia's legal and political landscape. As a respected figure in the nation's political history, his contributions to constitutional reforms, legal advancements, and national security underscore his lasting impact on the development of Indonesia.

Biography of Gibran Rakabuming Raka

Biography of Gibran Rakabuming Raka

World Team    Januari 03, 2024    Comment   

 

Nesianetwork.id - Gibran Rakabuming Raka, a prominent figure in Indonesian politics, has been making waves as he ventures into the political arena. Born on October 1, 1987, in Surakarta, Central Java, Gibran is the eldest son of President Joko Widodo, commonly known as Jokowi. This article explores Gibran's political journey, his contributions, and the impact he has had on the Indonesian political landscape.

Growing up in the political environment of his father, Gibran Rakabuming Raka developed an early interest in public service. His educational background includes studies in business management, but it was his exposure to his father's presidency that ignited his passion for contributing to the welfare of the Indonesian people.

Gibran's formal entry into politics began with his candidacy in the 2020 mayoral election for Surakarta, his hometown. Running as an independent candidate, he successfully secured the position, marking his first significant step into the realm of public service. His victory was seen as a testament to the appeal of a new generation of leaders in Indonesian politics.

As the mayor of Surakarta, Gibran has focused on addressing key issues such as urban development, infrastructure, and social welfare. His approach emphasizes inclusivity, sustainability, and technological advancements to propel the city forward. This aligns with the broader vision of Indonesia's progress and development.

With his rapid rise in politics, Gibran has faced his share of challenges and criticisms. Some skeptics argue that his familial ties might overshadow his individual merit, raising questions about nepotism in Indonesian politics. However, supporters counter that his track record as Surakarta's mayor demonstrates his dedication and capability.

Gibran Rakabuming Raka's political journey is undoubtedly just beginning. As he gains experience and navigates the intricacies of governance, the question of his future aspirations looms large. Will he continue to climb the political ladder, or will he focus on consolidating his efforts at the local level? Only time will tell.

Gibran Rakabuming Raka's foray into Indonesian politics brings a fresh perspective and a new dynamic to the country's political landscape. As he continues to navigate the challenges and opportunities that come with his role, all eyes are on this rising political figure and the potential impact he could have on shaping Indonesia's future.