Big Tech
Indonesia Calls Apple’s $100-Million Investment Offer Unfair
- Industry minister says it falls short of outlays elsewhere
- Jakarta is intent on boosting local Indonesia manufacturing
An Apple reseller store at a mall in Jakarta.
Photographer: Adek Berry/AFP/Getty Images
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Apple Inc.’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said, signaling Jakarta is seeking further negotiations before lifting a ban on domestic iPhone 16 sales.
The amount falls short of what the US tech firm has invested in other countries, Industry Minister Agus Gumiwang Kartasasmita told reporters on Monday.