Indonesian Gov’t Gives Apple One Week to Confirm Investment Commitment

Mita Amalia Hapsari
December 5, 2024 | 9:06 pm
SHARE
FILE - iPhone 15 phones are shown during an announcement of new products on the Apple campus in Cupertino, Calif., Sept. 12, 2023. (AP Photo/Jeff Chiu, File)
FILE - iPhone 15 phones are shown during an announcement of new products on the Apple campus in Cupertino, Calif., Sept. 12, 2023. (AP Photo/Jeff Chiu, File)

Jakarta. The Indonesian government has given US tech giant Apple one week to confirm its investment commitment in a legally binding written statement, warning that restrictive policies will remain in place if the company fails to comply.

Investment Minister Rosan Perkasa Roeslani announced on Thursday that the government is seeking formal assurance regarding Apple’s previously stated investment pledge.

During a hearing with lawmakers earlier this week, the same official revealed that Apple had expressed plans to invest at least $1 billion in Indonesia. However, the government is pressing the company to take immediate steps to realize its proposed investment, specifically in a smartphone component manufacturing plant.

“We expect to receive a written commitment from Apple within the next week,” Rosan said at the presidential office in Jakarta.

Advertisement

The minister disclosed that Apple’s management had communicated their investment intentions during a phone call with him.

“They detailed plans for investment in various components for smartphones and other devices,” Rosan said.

The government previously rejected a $100 million investment offer from Apple, deeming it insignificant for a company of its scale.

In response, Indonesia imposed a ban on the domestic sales of the iPhone 16, citing its failure to meet the requirement of at least 40 percent locally-made components.

Tags: Keywords:
SHARE

Related Articles


Business May 28, 2025 | 4:41 pm

Danantara Officials Deny Reports of Ray Dalio Leaving Advisory Board

Danantara’s CEO and CIO deny reports that investor Ray Dalio has withdrawn from the advisory board, confirming ongoing collaboration.
Business May 23, 2025 | 9:11 pm

Trump Threatens 50% Tariffs on EU, 25% on Apple iPhones Made Abroad

Trump threatens 50% tariffs on EU goods and 25% on Apple products unless iPhones are made in the US, escalating his trade war.
Business May 21, 2025 | 5:22 pm

Indonesian Sovereign Fund Danantara to Partner with China, Japan, Malaysia

Danantara's boss Rosan Roeslani says that the fund will sign the agreement in the coming weeks.
Business May 19, 2025 | 4:14 pm

Danantara Eyes Strategic Partnership with Australia’s Future Fund as Assets Top $1 Trillion

With the inclusion of GBK Sports Complex and Kemayoran Area, Danantara's portfolio jumped from US$982 billion to over US$1 trillion.
Business May 7, 2025 | 7:06 pm

Danantara Trust Fund Wants to Be ASEAN’s Philanthropic Hub

Danantara says that its yet-to-be-established philanthropic arm will be transparent and follow international standards.
Business May 7, 2025 | 9:02 am

Seven EV Makers Eye Rp 15 Trillion Investment in Indonesian Plants

Indonesia's market share of electric cars rose to 5 percent of total vehicle sales in 2024, up from just 1.7 percent in 2023.
Business Apr 30, 2025 | 1:55 pm

Indonesian Palm Oil Sector Books $916 Million Investment to Move Up Value Chain

Indonesia has attracted some investments to capture more value from its top commodity palm oil.
Business Apr 30, 2025 | 10:57 am

Danantara in Talks to Partner with Eramet, Lotte Chemical

Indonesia's sovereign wealth fund Danantara is open to partnering with Lotte Chemical on its petrochemical project.
Business Apr 29, 2025 | 2:05 pm

Indonesia’s Q1 Investment Hits $27.7 Billion, Mainly Thanks to Domestic Investors

Most domestic investors invested in Indonesia's transportation, telecommunications, and warehouses.
Business Apr 28, 2025 | 8:27 pm

Prabowo Sees Danantara Amassing $1 Trillion in Assets

Prabowo forecasts Danantara’s assets to surpass $1 trillion, aiming to transform state firms and boost Indonesia’s economic strength.

The Latest


News 19 minutes ago

KPK Considers Forced Summons for Singaporean Jet Tycoon in Papua Graft Probe

KPK may forcibly summon Singaporean tycoon Gibrael Isaak after he skipped questioning in a Rp 1.2t Papua graft case linked to a private jet.
Business 1 hours ago

Qatar’s Barzan Doubts ‘Big Market’ Indonesia Will Put Brake on Its Defense Investment

According to Barzan Holdings, Indonesia's defense investment will remain unaffected by economic hurdles.
Lifestyle 3 hours ago

NBA Finals 2025: Thunder Rally Past Pacers Behind Gilgeous-Alexander’s Fourth-Quarter Surge

Shai Gilgeous-Alexander scores 15 in the fourth to lift Thunder past Pacers 111-104, tying the NBA Finals at 2-2 heading to Game 5.
News 4 hours ago

Iran Hits Israel With Missile Salvo Following Assault on Nuclear Sites

Iran fired dozens of missiles at Israel in retaliation for Israeli airstrikes on its nuclear and military sites, wounding dozens.
Tech 17 hours ago

Indonesia Introduces AI and Coding to 59,000 Schools Nationwide

Indonesia rolls out AI and coding as elective subjects in 59,000 schools, aiming to prepare students for the digital future.
COPYRIGHT © 2025 JAKARTA GLOBE. ALL RIGHTS RESERVED