Indonesia rejects Apple's US$100mil investment offer


Despite the sales ban, the Indonesian government still allows iPhone 16 to be carried into Indonesia if they are not being traded commercially. — Photo by Onur Binay on Unsplash

JAKARTA: Indonesia has rejected an Apple US$100mil (RM444.31mil) 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% of phones be made from local parts as the country seeks to boost investments from giant tech companies.

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