By The Straits Times | Created at 2024-11-19 07:17:24 | Updated at 2024-11-23 07:12:09
4 days ago
Published
Nov 19, 2024, 02:40 PM
JAKARTA - The back and forth between Apple and Indonesia over the sale of the latest iPhones is testing the allure of the archipelago, as observers note how the protracted dispute highlights the difficulties investors face in doing business in South-east Asia’s largest country.
On Nov 19, Bloomberg reported that Apple has increased its offer to invest in Indonesia by almost tenfold to US$100 million (S$133 million) – the American tech titan’s latest move to persuade the country to lift its ban on iPhone 16, which was launched in September worldwide.
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