Indonesia says Apple's $134m investment proposal inadequate

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

JAKARTA — Indonesia said a US$100 million (S$134 million) investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday (Nov 25).

Apple logo is seen in this illustration taken, Aug 22, 2022.JAKARTA — Indonesia said a US$100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday .

Indonesia has also banned the sale of Alphabet's Google Pixel phones over a similar lack of use of local components. Apple has no manufacturing facilities in Indonesia, but has since 2018 set up application-developer academies, which Jakarta considers a way for the company to meet local content requirement for the sale of older iPhone models.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia rejects Apple's US$100 million investment offerJAKARTA: Indonesia has rejected an Apple US$100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Indonesia Rejects Apple's $100 Million Investment ProposalIndonesia has rejected Apple's $100 million investment plan aimed at lifting a ban on iPhone 16 sales, stating the proposal lacks necessary 'fairness' as per government standards. Apple's failure to meet local investment regulations that demand 40% of phones be made from local parts led to this decision. Industry Minister Agus Gumiwang Kartasasmita highlighted that Apple has not invested in production facilities or factories in Indonesia.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Indonesia rejects Apple’s $135m investment offerIndonesia said Apple still has not invested in production facilities or factories in the country.
Source: The Straits Times - 🏆 8. / 63 Read more »