3 months ago
96
January 7, 2025 | 05:03 pm
TEMPO.CO, Jakarta - Apple Inc. representatives visited the Industry Ministry today to continue negotiations on their investment plans in Indonesia.
Tempo observed that Apple executives arrived at the Industry Ministry building around 2:30 p.m. They are scheduled to meet with a team led by the Directorate General of Metal, Machinery, Transportation Equipment and Electronics Industry (ILMATE).
Brett Galvin, Apple's Corporate Communications and Public Relations for Southeast Asia, briefly acknowledged the presence of reporters, stating, “We don't have time.”
He was accompanied by Nick Amman, Apple's Vice President of Global Policy. Based on the Investment Coordinating Board’s (BKPM) Instagram post, @bpkm_id, Nick Amman had previously met with Minister of Investment/Head of BKPM Rosan Roeslani in November 2024.
Industry Minister Agus Gumiwang Kartasasmita had previously confirmed that negotiations with Apple's top executives were scheduled for January 7 or 8, 2025. He emphasized that these negotiations would be challenging. “Negotiations will not be easy. Apple will prioritize their own interests, which we assume are based on profit margins,” said Agus on Friday, January 3, 2025.
Minister Agus stressed that the Indonesian government would uphold principles of fairness and equity in evaluating Apple's investment proposals. These principles include considering Apple's investment activities in other countries, investments made by other mobile phone manufacturers in Indonesia, the potential for increased value and income for Indonesia, and the creation of local employment opportunities.
These negotiations follow a period of stalled investment discussions between Apple and the Indonesian government. Apple initially proposed a US$100 million investment to comply with the government's Domestic Component Level (TKDN) requirements. However, Minister of Investment Rosan Roeslani urged Apple to increase its commitment to US$1 billion or Rp16.14 trillion (exchange rate of Rp16,146.25 per US dollar).
Oyuk Ivani Siagian contributed to the writing of this article.
Editor’s Choice: Industry Minister: Apple's US$1bn Investment Remains Modest Compared to Indonesian Sales
Click here to get the latest news updates from Tempo on Google News
Should You Invest in Bitcoin in 2025? Here's Expert Insight
1 jam lalu
After the 150% rally in 2024, should you invest in Bitcoin this year? Let's learn more about the forecasted nature of the cryptocurrency here.
Apple Agrees to Pay US$95mn to Settle Siri Privacy Lawsuit
23 jam lalu
Apple agreed to pay US$95 million, or about Rp1.54 trillion, in cash, to settle a proposed class action lawsuit against Siri.
Industry Minister: Apple's US$1bn Investment Remains Modest Compared to Indonesian Sales
1 hari lalu
Industry Minister Agus said that Apple's investment commitment of US$1 billion is still relatively small compared to its total sales within Indonesia.
Today's Top 3 News: Shin Tae-yong Trending on X, Allegedly No Longer Coach of Indonesian National Team
1 hari lalu
Tempo English compiled the top 3 news on Sunday, January 5, 2025.
Indonesian Minister: Negotiations with Apple Next Week Will Not Be Easy
2 hari lalu
The Minister of Industry predicts that Apple will seek the greatest profit they can get from investing in Indonesia.
Indonesia Eyes Rp13,032tn Investment to Fuel 8% Economic Growth
3 hari lalu
This investment influx is expected to generate quality jobs and serve as a driving force of national economic growth.
Apple's Indonesia Investment: Face-to-Face Negotiations Set for Next Week
3 hari lalu
The Industry Ministry will meet with Apple Inc. next week to engage in more specific discussions regarding Apple's proposed investment in Indonesia.
Industry Ministry Sets Clear Conditions for Apple's Investment in Indonesia
4 hari lalu
The government encourages Apple to opt for the first scheme, namely investment in production facilities or factories.
Malaysian Company Will Invest in IKN, Basuki Hadimuljono Claims
6 hari lalu
IKN Authority Head says several investors are ready to invest in IKN, among them a Malaysian company.
Minister Airlangga Comments on IMF's Praise of Indonesia's Economy
6 hari lalu
The International Monetary Fund (IMF) wrote that over the past two decades, Indonesia has undergone a remarkable transformation.
