Apple’s $1 Billion Investment May Be Fleeting Win for Indonesia
Sun, Dec 22, 2024 12:32 PM

Apple’s $1 Billion Investment May Be Fleeting Win for Indonesia

A Flip by Shubhangi Gupta
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Indonesia claimed victory after Apple Inc. offered to increase its investment in the country to $1 billion to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived. Indonesia needs a manufacturing revival to create jobs and boost economic activity to meet Prabowo’s target of 8% annual growth in the next five years.

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