Indonesia rejects Apple's $100-M investment offer

JAKARTA — Indonesia has rejected an Apple $100-million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the 'fairness' required by the government.Indonesia last month prohibited the marketing and sale of the iPhone 16 model over Apple's failure to meet local investment regulations requiring that 40 percent of phones be made from local parts as the country seeks to boost investments from giant tech companies.

'Currently, Apple still has not invested in production facilities or factories in Indonesia,' he said in a statement released late on Monday.He said the ministry urged Apple to immediately set up a production facility or factory in Indonesia 'based on the fairness principles' so the company does not have to file an investment scheme proposal every three years.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

$100 million boost for new pro league. League One Volleyball lands additional investment with first pro season nearing launchThree investment groups have committed a combined $100 million in new funding for League One Volleyball, which owns dozens of junior clubs across the country and will operate a professional league that will launch in January.
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »

COP29 clinches $300 billion climate finance dealThe new goal is intended to replace developed countries' previous commitment to provide $100 billion per year in climate finance for poorer nations by 2020
Fonte: rapplerdotcom - 🏆 4. / 86 Consulte Mais informação »