Indonesia has blocked Apple Inc. from selling its latest iPhones in the country, citing the company’s failure to meet local investment requirements. The Ministry of Industry stated that the iPhone 16, which was launched in September, cannot be marketed domestically as Apple Indonesia has not met the 40% domestic content requirements for smartphones and tablets. … Read more
Prabowo was sworn in with his running mate Gibran Rakabuming Raka, the eldest son of Jokowi. More than 30 leaders attended the inauguration, including British Foreign Minister David Lammy, Chinese Vice President Han Zheng, Philippine President Ferdinand Marcos Jr, and Singapore’s Prime Minister Lawrence Wong. He named 48 ministers and 58 vice-ministers in his new … Read more
Overall, Prabowo’s presidency is shaping up to be characterized by a focus on boosting economic growth, increasing Indonesia’s international presence, and addressing social issues. However, the success of his ambitious plans will depend on his ability to attract investment, manage fiscal policy prudently, and navigate political dynamics within the country. His advisors have indicated that … Read more