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 are reportedly closing in on an agreement that could lift the existing ban on the iPhone 16. Since its release, the popular smartphone has been unavailable in Indonesia due to Apple’s non-compliance with local investment and manufacturing requirements.

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

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, 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,

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

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.