Reported about 10 hours ago
Apple's offer to invest $1 billion in Indonesia in exchange for lifting a ban on iPhone sales has been hailed as a victory, but analysts warn it may be short-lived. The Indonesian government is implementing strict domestic content requirements to compel foreign companies like Apple to invest more locally. However, this protectionist approach could deter foreign direct investment, especially as neighboring countries like Vietnam offer more attractive incentives. Critics argue that the complex regulatory landscape and high costs in Indonesia may hinder its manufacturing revival goals, contrasting with the more favorable investment climate in places like Vietnam.
Source: YAHOO