Oracle helps Asia Internet

Thu, 27 Apr 2000, 00:00 WIB | Source: DJ

SINGAPORE (Dow Jones): Oracle Corp. said Wednesday it has
invested S$55 million (US$32 million) in a program to support
Internet startup companies in South Asia.

Oracle said it has signed a memorandum of understanding with
eight incubation centers in Singapore to provide infrastructure
and technical support for companies that qualify for the
electronic-business program.

Under the program, each qualifying dotcom company will pay
S$1,698 in the first year for Oracle software and support worth
up to S$275,000.

Electronic business in Singapore is expected to hit US$4.75
billion by 2004 from US$200 million currently, according to IDC
research.

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