Indonesia says Apple's $100m 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.

Indonesia has also banned the sale of Alphabet's Google Pixel phones over a similar lack of use of local components.

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

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Article Details

Category: EconomyBusiness

Markets: ThailandIndonesiaVietnam

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 19:50:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 289 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 23829944

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 16 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 6 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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