Core Insights - The upcoming coalition government is expected to implement its IT policies as promised during the campaign, leading to a projected revenue growth of 5.8% for system integrators and data center businesses in Thailand, reaching 260 billion THB in 2023 [1] - For the following year, these sectors are anticipated to grow by 6.5%, with revenues expected to hit 276 billion THB [1] - Various political parties have committed to leveraging digital technology to enhance the performance of national agencies, which includes improving data connectivity, public service delivery, and natural disaster alerts [1] Industry Developments - The focus on digital technology is seen as a crucial factor in building a digital economy, with initiatives aimed at combating and preventing cybercrime, as well as training personnel in data and artificial intelligence (AI) knowledge [1]

Group 1 - The core viewpoint of the article is that the global electric vehicle battery market, excluding China, is projected to reach a total installed capacity of 463.3 GWh by 2025, representing a year-on-year growth of 26% [1] - South Korean companies hold a 36.3% market share in the global electric vehicle battery market, which is a decrease of 7.4 percentage points compared to 2024 [1] - Major South Korean players in the market include LG Energy Solution, SK On, and Samsung SDI, ranked 2nd, 3rd, and 6th respectively [1] Group 2 - The main competitors in the market are CATL, Panasonic, and BYD, ranked 1st, 4th, and 5th respectively [1] - Chinese battery manufacturers are expanding their overseas market share due to cost advantages, prompting South Korean companies to enhance their competitiveness through technological upgrades such as high-nickel batteries and solid-state batteries [1]

肯《首都调频》2月11日报道,肯尼亚标轨铁路（SGR）2025年客运量和货运量 均创历史新高。肯国家统计局（KNBS）数据显示，2025年SGR客运量达273万 人次，高于2024年的244万人次，收入约3710万美元。货运量达748万吨，较 2024年的653万吨增加近100万吨，收入约1.29亿美元。 （原标题：肯标轨铁路2025年客货运量创历史新高） ...

肯《星报》2月9日报道，由于燃油价格上涨、车辆维护成本高昂、融资费用增 加以及主要运输通道拥堵，肯运输企业面临巨大压力。为此，肯交通运输协会 (KTA)出具指导意见，设定过境货物的单程最低运输成本为257.25肯先令/公 里，本地货物的单程最低价格为250肯先令/公里，基准价格不包括最后一公里 配送费用和道路使用费。该协会表示，这些数字只是成本指导价格，并非强制 固定价格，会员在确定其商业利润方面拥有完全的自主权。 （原标题：肯运输协会设定最低运输成本基准） ...

Core Viewpoint - The Central Bank of Kenya plans to start purchasing gold as part of its foreign exchange reserves to diversify its reserve assets [1] Group 1: Central Bank Actions - The Central Bank of Kenya aims to use gold as a supplementary asset for foreign exchange reserves [1] - The Governor of the Central Bank, Kamau Thugge, highlighted that gold will provide additional buffers for the national financial system [1] Group 2: Current Foreign Exchange Reserves - As of February 9, the foreign exchange reserves of Kenya are approximately $12.46 billion [1] - The current reserves are sufficient to cover about 5.4 months of imports [1]

Core Insights - In 2025, South Korea's overseas online direct purchase amount is expected to exceed 85 trillion KRW for the first time, marking a historical high [1] - While direct purchases from the US are slowing down, those from China are rapidly expanding, reaching 55.7 trillion KRW and accounting for 65.5% of the total, an increase of 5.5 percentage points from 2024 [1] E-commerce Trends - The total online shopping transaction amount in South Korea for 2025 is projected to be 272.04 trillion KRW, reflecting a year-on-year growth of 4.9% [1] - Mobile transactions are expected to reach 211.14 trillion KRW, with a growth rate of 6.5%, surpassing the overall growth rate [1] Category Performance - Significant growth is observed in the food service (12.2%) and food and beverage (9.5%) categories [1] - Conversely, categories such as electronic vouchers (-27.5%), bags (-11.1%), and footwear (-4.5%) are experiencing notable declines due to decreased consumer confidence and previous e-commerce platform settlement issues [1] Overseas Direct Sales - South Korea's overseas direct sales are projected to reach 30.2 trillion KRW in 2025, marking a year-on-year increase of 16.4% [1] - Growth is seen across major markets including the US, EU, Japan, and China, with cosmetics, food and beverages, and audiovisual products performing particularly well [1] - However, sales in categories such as communication devices, agricultural products, and clothing remain relatively sluggish [1]

Core Insights - The export volume of small and medium-sized enterprises (SMEs) in Busan reached a record high of 8.44 billion USD last year, reflecting a year-on-year increase of 7.2% [1] - The number of export-oriented SMEs in Busan grew by 4.0% to 6,336, accounting for 97.3% of the total export companies in the region [1] - Exports to China surged by 40.7%, while exports to the United States increased by 11.4%, indicating strong export momentum to major markets [1] Export Performance - The top ten export items saw growth in nine categories, excluding automotive parts, with significant increases in power equipment (4.53 million USD) and marine products [1] - Power equipment exports were notably driven by the expansion of electrical infrastructure in the United States [1] - Shipbuilding and marine structures, along with seafood exports, experienced year-on-year growth rates of 41.8% and 40.4%, respectively [1] Market Dynamics - The primary export destinations for Busan SMEs included the United States, China, Japan, Vietnam, and Indonesia, with China and the U.S. showing substantial growth [1]

Core Viewpoint - The Kenyan Cabinet has approved a budget policy statement for the fiscal year 2026/27, amounting to 4.7 trillion Kenyan Shillings, with a focus on key sectors such as education, health, energy, infrastructure, agriculture, and social security [1] Summary by Categories Budget Overview - The total budget for the fiscal year is set at 4.7 trillion Kenyan Shillings, with expected total revenue of 3.53 trillion Shillings [1] - Out of the total budget, 3.46 trillion Shillings is allocated for recurrent expenditure, 749.5 billion Shillings for development expenditure, and 495.7 billion Shillings for transfers to county governments [1] Investment Priorities - The budget emphasizes investment in critical areas including education, health, energy, infrastructure, agriculture, and social security [1]

Core Viewpoint - The Central Bank of Kenya has reduced the benchmark lending rate by 25 basis points to 8.75%, marking the tenth consecutive reduction since August 2024, indicating a shift towards a more accommodative monetary policy aimed at supporting credit growth and economic activity [1] Group 1 - The reduction in the benchmark rate is intended to stimulate bank lending to the private sector [1] - The Central Bank aims to ensure the stability of inflation expectations and exchange rates through this monetary policy adjustment [1] - The ongoing trend of rate cuts reflects a commitment to fostering economic growth in Kenya [1]

Core Viewpoint - The African Export-Import Bank has officially terminated its relationship with Fitch Ratings, citing a belief that Fitch's assessment of its credit status does not accurately reflect the bank's organizational framework, mission, and responsibilities [1][2] Group 1: Termination of Relationship - The decision to end the relationship with Fitch Ratings is based on a review of the partnership and the bank's confidence in its stable business condition supported by shareholders primarily from African nations and institutions [1] - Fitch downgraded the bank's long-term credit rating from "BBB" to "BBB-" with a negative outlook in June 2025, and the short-term rating from F2 to F3 [1] Group 2: Implications for Risk Assessment - The termination signifies a broader debate on the appropriateness of traditional rating methods for African institutions, particularly those with multilateral missions [2] - Investors are encouraged to adopt more nuanced risk interpretations that incorporate the unique legal, institutional, and economic realities of African multilateral banks [2] - This split may promote the development of more suitable assessment frameworks that combine international ratings with internal analyses [2]