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.

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

The Latest


Special Updates 3 hours ago

UPH, Vietnam's UEH-ISB Partner on World-Ready Talents

The deal encompasses a student mobility program that aims to promote global competences.
Business 3 hours ago

Indonesia, ADB in Talks for Infrastructure Financing

Indonesia recently nudged the ADB into funding its infrastructure programs to support Prabowo's food self-sufficiency dream, among others.
News 4 hours ago

Expect More Surprises from ‘Foreign Policy President’ Prabowo, Analyst Says

All stakeholders need to brace themselves for the consequences that may arise from Prabowo's foreign diplomacy surprises, Prabowo says.
News 13 hours ago

Former Antam Executives Charged in $200 Million Gold Refining Corruption

Six former executives of Antam are on trial for allegedly causing a Rp3.31 trillion loss to the state through a corrupt gold refining scheme
News 14 hours ago

Bali Police Bust International Online Prostitution Ring in Canggu, Arrest Two Russians

The Bali Police's successful operation revealed evidence of human trafficking across 12 Indonesian cities and 129 countries.
COPYRIGHT © 2025 JAKARTA GLOBE. ALL RIGHTS RESERVED