Apple Increases Its Investment in Indonesia to $100 Million to Lift iPhone 16 Ban

Bloomberg reported that American tech giant Apple has proposed increasing its investment
in Indonesia from $10 million to $100 million over two years in an effort to lift the ban on iPhone 16 sales.

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Apple

Indonesia imposed the ban last month after Apple failed to meet a prior commitment to invest 1.71 trillion rupiahs
(approximately $107 million) in local research and development facilities.

In a previous attempt to resolve the issue, Apple announced plans to invest $10 million in a factory to produce accessories
and components in Bandung, East Jakarta.
However, this proposal did not meet the expectations of the Indonesian government,
prompting Apple to revise its offer and increase the proposed investment significantly.

Nasdaq

Nasdaq Dubai Lists Chinese Bonds Worth $2 Billion
It announced on Thursday the listing of two bonds issued by the Ministry of Finance of the People’s Republic of China.
The first bond, valued at $1.25 billion, has a 3-year maturity, while the second bond, worth $0.75 billion, has a 5-year maturity.

With this issuance, the total value of bonds listed on Nasdaq Dubai has reached $42 billion.
The total value of sukuk and bonds listed is now $135 billion across 156 listings,
with sovereign and government-related issuances accounting for more than 50% of the total.

Chinese institutions and entities have a strong presence on Nasdaq Dubai,
with total debt instruments exceeding $22 billion to date. Notably,
the four major Chinese banks headquartered in the Dubai International Financial Centre (DIFC)—Industrial and Commercial Bank of China Limited, Bank of China, China Construction Bank,
and Agricultural Bank of China—are among the primary issuers on Nasdaq Dubai.

Apple Increases Its Investment in Indonesia to $100 Million

Apple Increases Its Investment in Indonesia to $100 Million

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