financetom
Business
financetom
/
Business
/
Indonesia issues telco permits for five Apple iPhone 16 models
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Indonesia issues telco permits for five Apple iPhone 16 models
Mar 13, 2025 10:50 PM

JAKARTA, March 14 (Reuters) - Indonesia has issued

telecommunications permits for five different models of Apple's ( AAPL )

iPhone 16, the communications ministry said on Friday,

a step towards allowing sales after a domestic ban.

The permit issue came a week after Indonesia issued local

content certificates for 20 Apple ( AAPL ) products including iPhone 16.

Apple ( AAPL ) still needs an import permit from the trade ministry

to be able to sell the iPhones locally, the industry ministry

has said.

The Southeast Asian country of about 280 million people banned

iPhone 16 sales last year as the company failed to meet

composition requirements regarding locally-made parts. Analysts

have said the rules could hurt investor confidence and trigger

protectionism concerns.

The five telecommunication certificates were for iPhone 16e,

iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.

The issuance of the permits follows last month's announcement of

more than $300 million investments by Apple ( AAPL ) in Indonesia,

including in plants making components for its products, and a

research and development centre.

Apple ( AAPL ) did not immediately respond to requests for comment. Dwi

Handoko, a senior communications ministry official, said five

permits were issued as requested by Apple ( AAPL ).

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hedge funds have charged almost $2 trillion in fees since 1969, says LCH
Hedge funds have charged almost $2 trillion in fees since 1969, says LCH
Jan 19, 2025
* Hedge funds charged $1.8 trillion in fees since 1969 * Largest most expensive hedge funds share more winnings with investors * Group as a whole keeps roughly half of their gains By Nell Mackenzie LONDON, Jan 20 (Reuters) - Hedge funds have charged their investors $1.8 trillion in fees from 1969 to the end of December 2024, according to...
Asset manager VanEck expects growth in defence sector as Trump returns
Asset manager VanEck expects growth in defence sector as Trump returns
Jan 19, 2025
BRUSSELS, Jan 20 (Reuters) - Demand for a leading defence sector exchange-traded fund (ETF) has been growing ahead of the return of Donald Trump to the White House, said investment company and ETF issuer VanEck. The European arm of the New York-headquartered company launched its VanEck Defense UCITS ETF in March 2023. It rose around 55% in 2024 and is...
Australian government pledges $1.24 billion in green aluminium push
Australian government pledges $1.24 billion in green aluminium push
Jan 19, 2025
SYDNEY, Jan 20 (Reuters) - Australia's Labor government on Monday pledged A$2 billion ($1.24 billion) in production credits to help support the country's four aluminium smelters switch to renewable power before 2036. Aluminium is one of the most polluting nonferrous metals to make, as its current production is mostly powered by coal. Green aluminium usually refers to metal produced using...
Australia's Star Entertainment reports second-quarter loss
Australia's Star Entertainment reports second-quarter loss
Jan 19, 2025
(Reuters) - Australia's troubled casino operator Star Entertainment reported a second-quarter loss on Monday, adding to the rising uncertainty about its future revamp and earnings turnaround. For the three months ended December, Star logged a loss before interest, tax, depreciation and amortisation of A$8 million (excluding significant items) ($4.95 million). ($1 = 1.6150 Australian dollars) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved