Indonesia’s efforts to attract capital from tech companies like Apple through local investment and manufacturing requirements may not yield long-term gains, economists caution. With long-standing local content policies preventing Apple from selling its newest iPhone model in the country, Indonesia plans to increase local content requirements for smartphone investments after rejecting a $100 million proposal from Apple and asking for a $1 billion investment in cell phone component production. While the aim is to protect local industries and create a value-added supply chain, economists argue that the policy is misguided and may not address the deeper reasons why Indonesia struggles to attract tech supply chains.
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Bomb threat forces evacuation of Spirit Airlines flight at Detroit airport
BOMB THREAT EVACUATION AT DETROIT AIRPORTA bomb threat at Detroit Metropolitan Airport led to the evacuation of Spirit Airlines Flight 2145, which was preparing to depart for Los Angeles early Thursday morning. Passengers were safely deplaned and taken to the Evans Terminal for additional screening while K-9 units searched the aircraft for explosives. The source of the threat is still under investigation, and after clearance from law enforcement, the flight eventually departed for LAX. Full...
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