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 said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday.

Indonesia has turned down Apple’s $100 million investment proposal, deeming it insufficient to lift the country’s sales ban on the iPhone 16.

If you want to make a bomb from us you have to invest more Indonesia has given tech giant Apple the cold shoulder, flat-out rejecting a measly $100 million investment proposal aimed at setting up an accessory and component plant.

The Indonesian government is pushing Apple for a higher investment than its recently proposed $100 million before it will consider lifting

Apple Inc.’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said, signaling Jakarta may reject the offer and keep a ban on domestic iPhone 16 sales.

Indonesia's government has considered Apple's increased offer of $100 million of investment in the country, but reportedly wants more before it will lift its ban on the iPhone 16 range.

The amount the U.S. tech giant has offered is 10 times higher than an initial plan to invest $10 million and will be invested over the next two years.

Indonesia has rejected Apple’s ($AAPL) $100 million investment proposal, deeming it insufficient to lift the ban on the iPhone 16. Investors