• Newsletter
  • Contact
  • Press Releases
Wednesday, May 20, 2026
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home News

Apple reportedly undo its investment, Indonesia’s Tech Minister responds

"Apple still wants to invest in the archipelago. The government continues to communicate with Apple regarding this strategic investment," Minister of Tech said.

Syifa by Syifa
May 8, 2024
in News, Whats on
0
layoff

featured image by The Brand Hooper

Share on FacebookShare on Twitter

Heaptalk, Jakarta — After welcoming Apple to visit the archipelago several days ago, social media is bustling with rumors of the US-based technology company’s cancellation of investment plans in Indonesia.

However, the government denies the issue. As the Minister of Communication and Informatics, Budi Arie Setiadi, comments, “This investment will continue. The news circulating is untrue; Apple still wants to invest in the archipelago. The government continues to communicate with Apple regarding this strategic investment,”

Furthermore, the Minister also elaborated on the Indonesian government’s approach to realize this strategic plan, which is dissimilar from other countries that have also received fresh injections from Apple. Based on his statement, Apple is still considering whether the offer from Indonesia will be equivalent to those of other countries that have received investment from Tim Cook-led company.

As is known, an American technology company also invested USD15.84 billion, or around Rp257 trillion, in Vietnam to develop the supply chain of electronic products ten years ago. This investment is more tremendous than its investment in Indonesia, which is only worth US$98.5 million, or Rp1.6 trillion.

Nevertheless, Apple has not submitted plans to build an Apple Store and iPhone Factory in Indonesia. Minister Budi revealed that Tim Cook’s parties are still considering other investment opportunities besides the development of the Apple Developer Academy.

“They are still considering other investment potential. However, perceiving their commitment and solemnity, Apple looks forward to Indonesia being involved in the production and further development process,” Budi added, as Katadata reported.

As additional information, Apple’s CEO Tim Cook previously met Indonesia’s President, Joko ‘Jokowi’ Widodo, to discuss the potential investment that can be executed in the archipelago. In the detailed discussion, Tim Cook’s arrival at the meeting with the President will involve investment in a training facility called the Apple Developer Academy.

Apple has unlocked Indonesia’s fourth Developer Academy in Bali. Since Indonesia’s first Developer Academy launched in Jakarta in 2018, Apple has opened academies in Surabaya and Batam, and more than 2,000 aspiring developers have completed the program. Based on Minister Agus’s statement, Apple has injected about US$98.5 million (around Rp1.6 trillion) funds to establish these four Apple Developer Academy facilities in Indonesia.

Tags: appleApple Developer Academy

Related Posts

Global Youth Diplomacy: 1,200 Delegates Convene for the 20th AYIMUN in Kuala Lumpur

Global Youth Diplomacy: 1,200 Delegates Convene for the 20th AYIMUN in Kuala Lumpur

February 3, 2026
Indonesian Ministry of Creative Economy Launches 12 Fashion Brands to Global Market Through ASIK Fashion Connect

Indonesian Ministry of Creative Economy Launches 12 Fashion Brands to Global Market Through ASIK Fashion Connect

December 10, 2025
Indonesia Under Prabowo: A Stronger Voice for Peace, Food, and Climate Action

Indonesia Under Prabowo: A Stronger Voice for Peace, Food, and Climate Action

September 24, 2025
Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

June 5, 2025
KL1 Phase 2 has been completed. Credit: Equinix

Equinix completes KL1 Phase 2 data center in Kuala Lumpur

June 2, 2025
Commemorating Professor Soemitro's 108th anniversary at Soemitro Center (05/29). Credit: Haris

Soemitro Center: A platform for Indonesia’s young economists

May 31, 2025
Seedbacklink
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Da Vinci Single Port Robotic Surgery: One Incision. Infinite Precision.
  • The Stranglehold at the Strait: How a Distant War Is Quietly Breaking Southeast Asia’s Economy
  • Indonesia Sets USD 17.5 Billion Target for 41st Trade Expo Indonesia 2026
  • Datacentre Innovation Series 2026: Pioneering the Future of Digital Infrastructure
  • Global Youth Diplomacy: 1,200 Delegates Convene for the 20th AYIMUN in Kuala Lumpur

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Video
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com

Go to mobile version