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On Dec. 3, Indonesia's deputy industry minister told reporters that the country plans to increase the local content requirement for smartphone investments. Still, Indonesia is a small overseas sales market for Apple, with few consumers wealthy enough to buy a cutting-edge iPhone, economists said. Indonesia's content policy requires 40% of smartphones and tablets to be locally made. "Local content requirements have not been successful in attracting FDI to Indonesia. In addition to its local content requirements, Indonesia has also implemented other protectionist policies, including tariffs, to drive greater investments into the country.
Persons: Tim Cook, Budi Arie Setiadi, Joko Widodo, Bhima Yudhistira Adhinegara, What's, Arianto Patunru, Will Indonesia's, Indonesia's, CELIOS, Adhinegara, Yessi, Krisna Gupta Organizations: Apple, Indonesian, Communication, Industry, Afp, Getty, Center of Economic, Law Studies, CNBC, Apple Developer, Samsung, Center for Indonesian, Studies, Economic Research Institute, ASEAN Locations: Indonesian, Jakarta, Apple, Indonesia, Vietnam, China, Cupertino, Bali, South, Southeast Asia, East Asia
Increasingly, voters are demanding that the men vying to succeed him address the tradeoffs between fast growth and a healthy environment in the world's fourth most populated country. In recent years, surging commodity prices have fueled fast economic growth and helped Indonesia become a middle-income country. That growth is expected to slow as the boom loses steam, according to a World Bank report. “That means, if the government forces its development, it will involve inefficient and unproductive allocation of resources.”Another campaign issue: food estate programs, massive plantations the government set up to fortify national food security. INDONESIA’S ENERGY TRANSITIONIn 2021, coal-rich Indonesia was the world’s ninth-largest source of carbon emissions that are causing global warming, according to a report by the International Energy Agency.
Persons: , Joko Widodo, It's, Joko Widodo —, Prabowo Subianto, Josua Pardede, , Arianto Patunru, Baswedan, Bhima Yudhistira Adhinegara, El Organizations: Permata Bank, EV, Australian National University, of Economic, Law Studies, International Energy Agency, World Bank, Youth, Bank, El Nino, AP Locations: JAKARTA, Indonesia, Jakarta, Nusantara, Borneo, Anies, Central Java, Widodo, Washington, Kalimantan
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