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Indonesian government rejects Apple's Rp 1.5 trillion investment?
Indonesian Government Rejects Apple Investment The Ministry of Industry (Kemenperin) confirmed that Apple has submitted an investment offer of US$100 million, or around Rp 1.59 trillion (exchange rate Rp 15,931.62) for two years in Indonesia. This offer is Apple's attempt to obtain permission to lift the block on iPhone 16 sales in Indonesia. Interestingly, this figure is ten times higher than Apple's initial plan which only offered an investment of 10 million US dollars, or Rp 158 billion, for the construction of an accessory factory in Bandung, West Java. Although it seems tempting, the government has not yet approved the offer. According to Febri Hendri Antoni Arif, a spokesperson for the Ministry of Industry, the government hopes Apple's investment can be greater than US$100 million. "Not yet, it has not been decided that we accept. Not yet," Febri said when giving a statement at the Ministry of Industry Office, Jakarta. Apple's Investment Plan in Indonesia Apple proposed an investment plan worth Rp 1.59 trillion for the [...] period.