It is possible that Apple’s original $1bn figure was exaggerated. In January the industry ministry said its valuation of Apple’s AirTag factory was “far below the $1bn commitment” and closer to $200m. Another possibility, given Indonesia’s unco-ordinated bureaucracy, is that Mr Agus was freelancing.

Apple and Indonesia have agreed on terms to lift the country's five-month ban on iPhone 16 sales, according to people familiar with the

Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy.

Indonesia has lifted its ban on iPhone 16 sales after a months-long dispute with Apple over local manufacturing requirements. The development is a win for the Indonesian government, who leveraged access to their domestic market for a major investment from Apple.

Indonesia's Ministry of Industry has reportedly reached an agreement with Apple to to lift ban on iPhone 16 sales.

Apple (AAPL, Financials) reached an agreement with Indonesia to invest in the country, leading to the lifting of a ban on iPhone 16 sales, according to Indonesian officials, Bloomberg News said Tuesday,

Last month, the tech giant signed an investment deal with Indonesia, ending months of deadlock over Apple’s failure to meet regulations requiring phones to be built with at least 40 per cent of compon

The iPhone 16 might just finally be coming to Indonesia. The island nation has reached an agreement with Apple to lift the country's ban on iPhone 16 sales, Bloomberg reports, citing familiar sources. Apple must invest $1 billion in Indonesia and train locals in the company's research and development to create their own products.

Apple (AAPL) has reportedly reached an agreement with the Indonesian government to lift the iPhone 16 ban after months of negotiations.