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 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

Industry minister says proposal did not meet ‘principles of fairness’, in contrast to other bigger investments in neighbouring countries.

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.

JAKARTA -- Indonesia says Apple's $100 million investment plan is not enough to end a sales ban on the iPhone 16 and that the company should consider investing in local manufacturing.

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.

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