Indonesia expects US$1bil investment commitment from Apple in a week

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JAKARTA: Indonesia is expecting to get a $1 billion investment commitment from tech firm Apple Inc in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet local content rules.

Apple did not immediately respond to a request for comment.

Companies typically increase the local composition through local partnerships or by sourcing parts domestically.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: /Business/Business News IPhone Apple Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 18:23:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 24089862

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 31 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 4 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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