Apple’s $1bn investment may be fleeting win for Indonesia

Quick Summary:

Indonesia claimed victory after Apple Inc offered to increase its investment in the country to $1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s.

The win may be short-lived.

In contrast, neighbours like Vietnam and India are offering tax incentives, swift approvals and the freedom to source their components from across their global supply chains, Gupta of the Center for Indonesian Policy Studies said.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndiaIndonesiaVietnam

Topics: Country Content Domestic Indonesia Investment Factories Apple Policy Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 16:06:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 910 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24582578

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 17 hours ago

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