Oracle anchors Apac AI growth through Singapore but layoff concerns loom
SMEs operating in Asia is a main growth driver as many of them route their operations through Singapore
[SINGAPORE] Cloud computing company Oracle is fast-tracking its Asia-Pacific expansion plans through Singapore, betting that its push into artificial intelligence will outshadow recent reports of its layoffs.
“Our commitment and resourcing will continue to point to Singapore being an important hub for Oracle,” said Garrett Ilg, executive vice-president for Japan and Asia-Pacific at Oracle.
Ilg identified small and medium-sized enterprises (SMEs) operating in Asia as one of the main growth drivers.
TRENDING NOW
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks
Deal between tycoon friends sparks scrutiny of Philippine power sector
