Protectionist moves like iPhone 16 ban could help Indonesia gain investments, but risk backfiring: Analysts
Uniunea Europeana
Indonesia blocked the sale of Apple’s iPhone 16 and Google’s Pixel smartphones over rules on the use of locally made components. The country needs to be careful in flexing its bargaining power to gain foreign investments, observers say. SINGAPORE/JAKARTA: After Indonesia banned the sale of Apple’s new iPhone 16 last month, 34-year-old Christine managed to get her hands on the gadget during a trip to Singapore. The ban, she says, has only given rise to the “forbidden fruit effect”. “I’ve had
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