Indonesia to assess $100 mn Apple investment proposal to end iPhone 16 ban

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.

Southeast Asia’s largest nation confirmed that it had received Apple’s latest investment offer, which entails building a manufacturing plant to produce accessories and components, the Ministry of Industry said in a statement on Wednesday evening. Its minister Agus Gumiwang Kartasasmita, who had blocked the permit allowing the sale of the iPhone 16 in October, is set to hold a meeting on Thursday to discuss the proposal.