Apple to offer Indonesia $1 billion in investment, minister says
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iPhone 16s on sale in the U.S. Indonesia has banned the sale of the Apple devices because they do not meet the country's local content criteria. © Reuters
JAKARTA -- Indonesian Minister of Investment Rosan Roeslani has said tech giant Apple has expressed an intention to invest $1 billion in the country, 10 times the amount it offered last month, in a bid to overturn a ban on iPhone 16 sales.
Speaking to lawmakers on Tuesday, Roeslani said the government expects to receive the formal investment proposal later this week.
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