financetom
Business
financetom
/
Business
/
Market Chatter: Oracle in Talks With Indonesian Government to Build Data Center
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Oracle in Talks With Indonesian Government to Build Data Center
Mar 14, 2025 11:57 AM

02:30 PM EDT, 03/14/2025 (MT Newswires) -- Oracle (ORCL) is in talks with the Indonesian government to build a cloud services center in the country, Bloomberg reported Friday, citing people familiar with the matter.

Oracle is planning to build the center on Batam island, the people reportedly said.

The company prefers Nongsa Digital Park in Batam as several other data centers are located there and it has a free trade zone status, Bloomberg added.

The location is in proximity to Singapore and Malaysia where Oracle already plans to build similar cloud services businesses, the sources told Bloomberg.

Oracle did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 149.26, Change: +1.60, Percent Change: +1.08

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Maximus Gets US Air Force Contract
Maximus Gets US Air Force Contract
Nov 5, 2025
10:22 AM EST, 11/05/2025 (MT Newswires) -- Maximus ( MMS ) said Wednesday it has been awarded a Joint Cyber Command & Control Readiness contract by the US Air Force Life Cycle Management Center's Cryptologic and Cyber Systems Division. Under the award, with a potential value of $86 million, Maximus ( MMS ) said it will among others lead engineering...
Form 8.3
Form 8.3
Nov 5, 2025
LONDON--(BUSINESS WIRE)--   Ap27 FORM 8.3 IRISH TAKEOVER PANEL OPENING POSITION DISCLOSURE/DEALING DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION (a) Full name of discloser BALYASNY ASSET MANAGEMENT L.P. (b) Owner or controller of interests and short positions disclosed, if...
US Senator urges Boeing, striking workers to reach agreement
US Senator urges Boeing, striking workers to reach agreement
Nov 5, 2025
Nov 5 (Reuters) - U.S. Senator Josh Hawley urged Boeing ( BA ) to quickly reach an agreement with a labor group representing about 3,200 striking workers, the union said on Wednesday. (Reporting by Nathan Gomes in Bengaluru; Editing by Arun Koyyur) ...
Corporacion America Airports-Led Consortium Wins Bid to Operate Baghdad International Airport
Corporacion America Airports-Led Consortium Wins Bid to Operate Baghdad International Airport
Nov 5, 2025
10:23 AM EST, 11/05/2025 (MT Newswires) -- Corporacion America Airports ( CAAP ) said Wednesday that a consortium it formed with Amwaj International for Real-Estate Investments has signed an award agreement with the Government of Iraq to operate Baghdad International Airport. The agreement follows an international tender process and grants the parties 90 days, extendable by mutual consent, to negotiate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved