<div class=newsTextDataWrapInner><p data-qa-component="item-headline" data-rc-highlight="headline">GDANSK (Oct 5): Deutsche Telekom&nbsp;said on Monday that it expected to save around €2.5 billion (US$2.8 billion) in indirect costs by 2030 compared to 2023, as the German telecommunications group expands its use of AI and automation.</p></div>

<div class=newsTextDataWrapInner><p>"AI detects peak traffic on the cellular network earlier, supports customer service representatives, and thus helps resolve issues immediately," Deutsche Telekom said in a statement.</p></div>

<div class=newsTextDataWrapInner><p>In 2027, AI and automation are estimated to generate gross savings of around €1.1 billion outside the US compared to 2023.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company intends to partly invest additional 2027 savings in Germany's digital infrastructure and fibre-optic network.</p></div>

<div class=newsTextDataWrapInner><p>It sees a "major business opportunity" in Europe's goal to develop sovereign AI.</p></div>

<div class=newsTextDataWrapInner><p>It also aims to increase AI-related revenue from business with companies outside the US to around €800 million by 2030.</p></div>

<div class=newsTextDataWrapInner><p>Deutsche Telekom confirmed its 2026 outlook and medium-term targets.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


GDANSK (Oct 5): Deutsche Telekom said on Monday that it expected to save around €2.5 billion (US$2.8 billion) in indirect costs by 2030 compared to 2023, as the German telecommunications group expands its use of AI and automation.

Deutsche Telekom sees €2.5 bil in savings from AI, automation by 2030

Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year, industry executives said at a conference in London on Monday.

Oil market turmoil could last for years, executives say at London conference

The US Supreme Court opened its new nine-month term on Monday by hearing a bid by oil companies ExxonMobil and Suncor Energy to thwart a lawsuit by officials in Boulder, Colorado, seeking monetary damages for harms caused by climate change.

US Supreme Court hears bid by oil companies to avoid climate lawsuit

NEWS: MoT explains why Zetrix AI, MyEG services were suspended

PUTRAJAYA (Oct 5): Zetrix AI Bhd (KL:ZETRIX) owes the Road Transport Department some RM314 million as it failed to remit collections from May to September this year.

Zetrix owes JPJ RM314m from May to September this year; firm stopped RM231m cheque meant to settle arrears — Loke

The benchmark S&P 500 rose and the Nasdaq reached all-time highs on Monday as most megacap and growth stocks advanced, though risk sentiment remained in check as Treasury yields held near multi-year highs.

S&P 500 up, Nasdaq at record high as megacap tech stocks rise

A brief recap of some business news and corporate announcements that made the headlines on Monday.

Zetrix AI, Pertama Digital, HeiTech Padu, Yinson, Kelington, Go Hub Capital, Citaglobal, West River, Jati Tinggi, TNB, IJM, Asteel

“Shame on you! My family in India are dying from drought because of you.”

Opinion: The cloud comes down to earth

This year’s federal budget is being prepared under a deepening election shadow. The results of state elections in Johor and Negeri Sembilan, together with shifting coalition dynamics raise questions about the diverging interests within the Madani government. This could be the final budget before a federal election and Prime Minister Datuk Seri Anwar Ibrahim doubtless hopes that it can strengthen the electoral prospects of Pakatan Harapan.

Opinion: Malaysia needs a sustainable budget, not a sugar hit

Malaysia is preparing to host the Global Tipping Points Conference 2026 at Sunway University from Oct 12 to 15 — the first time the conference is being held in Asia. The gathering is built around a powerful idea: systems can appear stable while pressure accumulates beneath the surface. Then a threshold is crossed and change accelerates, and becomes harder to reverse. We usually apply this logic to climate, coral reefs, ice sheets or forests. We must start applying it to ourselves.

Opinion: We are entering a hybrid tipping zone — And our ability to choose may decide which way we tip

The Economy Ministry has received 9,955 new and extension project proposals totalling RM944 billion for 2027.

Economy Ministry receives almost 10,000 new, extension project proposals for 2027

<p>Shares of Singapore Exchange Ltd slipped on Monday, extending a slump that’s erased about US$4.2 billion (RM17.1 billion) in market value since an August peak on rising concern over lofty valuations.</p>


SGX loses US$4.2 bil in value as analysts balk at valuation

<p>Zetrix AI Bhd (KL:ZETRIX) fell to its lowest in 13 years after the Ministry of Transport revealed that the digital services company owed the government some RM314 million.</p>


Zetrix AI extends decline to lowest in more than a decade

<p>eJamin, an online bail payment system operated by Pertama Digital Bhd (KL:PERTAMA), ran for five years without a formal contract, the Public Accounts Committee found.</p>


Pertama Digital ran eJamin for five years without formal contract, invested bail funds without approval — PAC

<p>The Road Transport Department, also known as JPJ, is able to provide services without the use of middlemen such as collection agents, Transport Minister Anthony Loke said.</p>


No need for middlemen for JPJ services, says Loke

<p>Construction and property conglomerate IJM Corporation Bhd (KL:IJM)&nbsp;has appointed non-executive chairman of KPMG Malaysia&nbsp;Datuk Johan Idris as its independent non-executive director and chairman, effective Monday.</p>

<p>Johan, who previously served as KPMG Malaysia's managing partner and country senior partner, succeeds long-serving chairman Tan Sri Krishnan Tan following his retirement.</p>


IJM appoints Johan Idris as new chairman

<p>In a U-turn, IOI Properties Group Bhd (KL:IOIPG) has decided to acquire Shenton 101 Pte Ltd, the owner of Shenton House in Singapore, from its group CEO and major shareholder Datuk Lee Yeow Seng for a nominal S$1. The move reverses the board of directors’ decision in August 2024 to reject the acq...

Frankly Speaking: Is the Shenton deal a bargain or liability transfer?

<p>Zetrix AI Bhd (KL:ZETRIX) said it has submitted a proposal to resolve outstanding remittances to the government &nbsp;after the Road Transport Department (JPJ) suspended its services as a collection agent on Monday.</p>


Zetrix submits proposal to settle government dues

<p>TALKS of a potential corporate exercise at property developer MK Land Holdings Bhd (KL:MKLAND) have resurfaced, with a source familiar with the matter saying an adviser has been appointed to explore possible options.</p>

<p>The source spoke on condition of anonymity because the discussions are...

Talks of major corporate exercise at MK Land resurface 

<p>Palm oil inventories in Malaysia likely swelled to a record last month, buffering supplies of the world’s most-used vegetable oil as an intensifying El Niño threatens to disrupt production in the coming year.</p>


Malaysian palm oil stockpiles balloon to record on output surge

<p>theedgemalaysia.com highlighted four stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday (Oct 5).</p>


Stocks with momentum on Oct 1, 2026: Notion VTec, Divfex, JF Technology, UUE, Coraza, Censof

<p>THE case for elevated crude palm oil (CPO) prices heading into 2027 is becoming increasingly difficult to ignore. At the time of writing, benchmark CPO futures are 19.5% higher than before the start of the US-Iran conflict. A widening chorus of experts, traders and analysts now expect prices to c...

Palm oil’s 2027 squeeze: B50, El Niño and stocks expected to gain the most

<p>The oil stockpiles that cushion the world from supply shocks have become “scarily thin”, putting markets at risk of worsening unless the Strait of Hormuz reopens, according to the head of Saudi Arabia’s state producer.</p>


Global oil supply buffer running ‘scarily thin’, Aramco CEO says

<p>The Malaysian Bar has failed to get the green light to challenge former attorney general (AG) and sitting Federal Court judge Tan Sri Ahmad Terrirudin Mohd Salleh's appointment to the Judicial Appointments Commission (JAC).</p>


Bar fails in bid to challenge ex-AG Terrirudin's appointment to Judicial Appointments Commission

<p>KUALA LUMPUR (Oct 5): Kelington Group Bhd (KL:KGB) said its wholly owned unit has been awarded a second contract by a manufacturer operating in the Sama Jaya Free Industrial Zone in Kuching, Sarawak, worth about RM133 million.</p>


Kelington unit wins further RM133 mil contract for Kuching data storage plant

<p>Jelutong member of parliament RSN Rayer wants the identities of those behind the companies involved in the eJamin bail collection system to be disclosed in the Dewan Rakyat&nbsp;</p>


MP wants to know who is behind companies involved in eJamin   

<p>Some employees of Radiant World say they have not received their September salaries, an apparent delay that offers a glimpse of disruptions inside the iron ore trader as its operations are transferred to the care of court-appointed managers.</p>


Radiant World misses salary payments for employees in September

<p>Shares of HDFC Bank gave up early gains to close lower on Monday as investors weighed the impact of Anup Bagchi's appointment as CEO at India's biggest private lender.</p>


India's HDFC Bank slips as investors weigh impact of outsider CEO pick

<p>It was a scorching afternoon when Country Garden Pacificview Sdn Bhd (CGPV) executive director and chief of regional industrial business development Kevin Li and regional vice-president Syarul Izam Sarifudin arrived at <em>The Edge</em>’s office in Petaling Jaya, Selangor. The pair had flown in f...

Cover Story: Playing the long game at Forest City

<p>ALMOST two years into operations, the 36-storey Holiday Inn &amp; Suites Penang Prai is said to be on the market, industry observers tell The Edge.</p>

<p>The freehold property opened in early 2025 in Juru Sentral, an integrated mixed-use development in Seberang Perai that also comprises a con...