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Indonesia Says Apple to Offer $1 Billion to Lift iPhone Ban
(Bloomberg) -- Indonesia said that it has received an improved investment offer worth $1 billion from Apple Inc., in the tech giant’s latest bid to lift a ban on the sale of iPhone 16 devices in Southeast Asia’s largest economy.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Indonesian government and Apple have settled upon the number as a “first phase” of outlay, Investment Minister Rosan Roe
(Bloomberg) -- Indonesia said that it has received an improved investment offer worth $1 billion from Apple Inc., in the tech giant’s latest bid to lift a ban on the sale of iPhone 16 devices in Southeast Asia’s largest economy. The Indonesian government and Apple have settled upon the number as a “first phase” of outlay, Investment Minister Rosan Roeslani told lawmakers on Tuesday, adding that he expects to get a written commitment letter from the company in a week. Industry Minister Agus Gumiwang Kartasasmita, whose office had imposed the iPhone 16 ban, said last month that his top priority was to get Apple to open a local plant, similar to other phone makers like Samsung Electronics Co. and Xiaomi Corp.
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