Myanmar Junta Seeks AI Tech from Russia to Pump More Oil

The junta’s new energy minister has asked Russia to provide technology embedded with artificial intelligence to extract oil from wells in Myanmar that do not have much left in them, as he continues scrambling for investment in what was one of Myanmar’s most attractive industries for foreign investment before the coup.

Thailand BOI Approves Investment Applications Worth USD1.1 Billion in EV, Renewable Energy, Data Centers, Travel Infrastructure Projects

BANGKOK, Oct. 11, 2023 /PRNewswire/ — The Thailand Board of Investment (BOI) yesterday approved investment promotion applications worth a combined 41 billion baht (USD1.1 billion) in projects including the manufacturing of electric vehicles (EV), the generation of renewable energy from waste, data centers, as well as travel and tourism infrastructure and equipment.

Myanmar’s rare earth mining suspension sends global prices skyrocketing

The continued shut down of Myanmar’s controversial rare earths mining sector has sent the price of the critical metal sky high. Led by a swarm of illegal miners, Myanmar has been one of the world’s largest producers of rare earths in recent years, with the majority of its output sent to neighbour China.