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.

Apple's (NASDAQ:AAPL) offer to invest $100M in Indonesia does not meet the "fairness" principles, said a government official, indicating that the Asian country is seeking additional negotiations before lifting a ban on the sale of iPhone 16 models in the country,

Rescuers in Indonesia recovered 16 bodies under tons of mud and rocks or that were swept away in flash floods that hit mountainside villages on Sumatra Island, officials said Monday. Six people are still missing,

Flash floods and a landslide struck Indonesia's Sumatra island over the weekend, killing at least 16 people, the national disaster agency said. "In total, 16 people died and seven more people are missing,

Six people are still missing on the Indonesian island of Sumatra after mud, rocks, and trees cascaded down a mountainside.