Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday.

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the "fairness" required by the government. Despite the sales ban, the Indonesian government still allows iPhone 16 to be carried into Indonesia if they are not being traded commercially.

Indonesia has replied to Apple's US$100 million investment in building an accessory and component plant in its country: It's not enough. Meanwhile, the sales

The Indonesian government is pushing Apple for a higher investment than its recently proposed $100 million before it will consider lifting

Indonesia has turned down Apple’s $100 million investment proposal, deeming it insufficient to lift the country’s sales ban on the iPhone 16.

The government wants Apple to look at Indonesia not only as a market for its devices but also as a production base and a part of its global supply chain.

Indonesia's government has considered Apple's increased offer of $100 million of investment in the country, but reportedly wants more before it will lift its ban on the iPhone 16 range.

Apple Inc.’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said, signaling Jakarta may reject the offer and keep a ban on domestic iPhone 16 sales.

Indonesia has rejected Apple’s ($AAPL) $100 million investment proposal, deeming it insufficient to lift the ban on the iPhone 16. Investors