Indonesia says Apple's $100 million investment proposal inadequate

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JAKARTA : Indonesia said a $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.

He also wanted Apple to commit to new investment until 2026.

FILE PHOTO: Apple logo is seen in this illustration taken, August 22, 2022.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesiaThailandVietnam

Topics: Proposal Investment Million Meet Agus Apple Local Indonesia Jakarta Iphone Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 19:50:01 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 318 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23826676

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 28 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 24 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #27

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