The recently unveiled Indonesian regulation that forces the country’s 4G smartphone and tablet manufacturers to use at least 40 percent locally-produced components in their cell-phone devices is a source of concern for tech companies such as Apple and Samsung that are eager to expand into Indonesia where smartphone penetration is still low. Moreover, the restriction may encourage smartphone smuggling in Southeast Asia’s largest economy. The new regulation will come into effect on 1 January 2017.
11 October 2019 (closed)
USD/IDR (14,139) -18.00 -0.13%
EUR/IDR (15,578) +16.98 +0.11%
Jakarta Composite Index (6,105.80) +82.16 +1.36%