Indonesia rejected Apple's recent investment proposal worth Rp1.58 trillion, which was intended to secure approval for the circulation of iPhone 16.

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 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.

The Indonesian government expects Apple to invest more than $100 million into the country if it wants to sell its iPhone 16 in the growing market.

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

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 has offered $100 million to Indonesia as part of an effort to lift a recent ban of the iPhone 16 in the country, as reported by The Wall Street Journal. The company has presented an investment plan that would use that $100 million to set up a manufacturing plant in the nation.

Indonesia is set to assess a $100 million investment proposal from Apple Inc., as the American tech giant attempts to coax the government to unblock its 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.

Apple has significantly raised its proposed investment in Indonesia to $100 million, a tenfold increase from its initial $10 million

Apple has attempted to address the iPhone 16 ban in Indonesia by proposing a $100 million investment, but the government of Indonesia has rejected the offer. Heres why.