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

Apple has reached an investment agreement with Indonesia after protracted negotiations, which should clear the way for the sale of iPhone 16 handsets in Southeast Asia’s largest economy.

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

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.

Apple (AAPL) just scored a big win in Indonesia. The tech giant received local content certificates for 20 products, including the iPhone 16.

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