Indonesia rejects Apple’s $100 million investment offer ...Middle East

JAKARTA: Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” required by the government.Indonesia last month prohibited the marketing and sale of the iPhone 16 model over Apple’s failure to meet local investment regulations requiring that 40 percent of phones be made from local parts as the country seeks to boost investments from giant tech companies.Following the ban, Apple offered to increase its investments in Indonesia by $100 million to allow the new phone to be sold domestically.But Industry Minister Agus Gumiwang Kartasasmita said Apple had not met the government’s requirements, especially when comp

Read More Details
Finally We wish PressBee provided you with enough information of ( Indonesia rejects Apple’s $100 million investment offer )

Also on site :

• Conquering Soccer and Arming Warlords
• Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit
• Parvati Shallow Reveals How 'The Traitors' Led to Her Coming Out