• Newsletter
  • Contact
  • Press Releases
Thursday, May 15, 2025
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

Indonesia urges Apple to add $1bn investment in a week deadline

Syifa by Syifa
December 6, 2024
in News
0
Apple

credit by Behance

Share on FacebookShare on Twitter

Heaptalk, Jakarta — Indonesia’s government, through the Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, has urged the American company Apple to increase its investment commitment to a minimum of US$1 billion (approximately Rp15.93 trillion). The government expects this to materialize within the week.

“I have already engaged in discussions with them regarding this matter as an initial phase. I requested that they provide a formal written statement concerning the matter. I anticipate to secure this investment commitment within a week, which I will subsequently present to the Minister of Industry,” he stated.

Rosan highlighted that Apple’s investment in Indonesia has been relatively modest. The Investment Coordinating Board (BKPM) is collaborating with the Ministry of Industry to encourage Apple to significantly increase its investment, particularly in developing a global supply chain and enhancing the domestic content level (TKDN) to at minimum 40%.

In addition to increasing investment, Indonesia will urge Apple’s global supply chain to relocate within its borders. This initiative is anticipated to create opportunities for other corporate suppliers to invest, strengthening the nation’s digital ecosystem.

Previously, the U.S.-based tech company had pledged only $10 million to establish a production facility for components and accessories in Bandung, West Java. Furthermore, Apple has proposed increasing its investment by US$100 million over two years. This enhanced investment offer is expected to encourage the Indonesian government to lift the ban on selling the iPhone 16 in the country, which remains an issue today.

Nevertheless, the Minister of Industry, Agus Gumiwang, affirmed that the company’s investment proposal must still the four critical fairness principles, including:

  1. Comparative investment in other countries: Apple has not established production facilities or factories in the archipelago.
  2. Investment Parity with Other HKT Brands: Apple’s proposed contributions lag behind those of competing brands in Indonesia.
  3. Value addition and state revenue: the proposal lacks adequate measures to create tangible economic value and boost state revenue.
  4. Job creation: the plan does not sufficiently address employment opportunities for the Indonesian workforce.

“Most importantly, ensure that the global value chain, including the supply chain, can be established here. Typically, once one major player relocates, it serves as a trigger or creates a multiplier effect, prompting its suppliers to follow suit and invest in Indonesia,” Minister Rosan conveyed, cited in Bisnis.

Tags: apple

Related Posts

The Palace at Bridestory Market 2025. (Credit: The Palace docs.)

The Palace Jeweler Launches Areumi Collections, Embracing Korean-Inspired Style for Modern Jewelry

May 14, 2025
Dody Hanggodo announced that House Commission V has approved an additional budget allocation for the Public Works Ministry in 2025. Credit: Ministry of Public Works

House Commission V approves additional budget for Public Works Ministry, raising 2025 allocation to $4.4bn

May 14, 2025
Eddy Soeparno said that the plan to shift fuel imports should be balanced by accelerating the transition to cleaner, more sustainable energy sources. Credit: MPR

MPR suggests a price survey before shifting fuel imports from Singapore to US

May 14, 2025
AWS and Humain partners to establish AI Zone in Saudi Arabia.

AWS partners with Humain to build AI Zone in Saudi Arabia

May 14, 2025
Infinix launched Note 50 Series in Indonesia with two variants: Note 50X 5G+ and Note 50S 5G+. Credit: Infinix

Infinix Note 50 Series set to launch in Indonesia

May 14, 2025
Ministry of Trade initiated local product Thursdays movement. Credit: Ministry of Trade

Trade Minister initiates the local product Thursdays movement

May 13, 2025
  • Microsoft

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
DCCI Malaysi 2025 World AI Technology Expo UAE 2025the 10th world battery & energy industry expo 2025
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

  • Government to convert Cipinang prison land into public housing
  • The Palace Jeweler Launches Areumi Collections, Embracing Korean-Inspired Style for Modern Jewelry
  • House Commission V approves additional budget for Public Works Ministry, raising 2025 allocation to $4.4bn
  • MPR suggests a price survey before shifting fuel imports from Singapore to US
  • AWS partners with Humain to build AI Zone in Saudi Arabia

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
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com