Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday.

Apple Inc.’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said, signaling Jakarta may reject the offer and keep a ban on domestic iPhone 16 sales.

JAKARTA -- Indonesia says Apple's $100 million investment plan is not enough to end a sales ban on the iPhone 16 and that the company should consider investing in local manufacturing.