Quest Flow Controls Wins ₹19.89 Crore BHEL Naval Contract

VMPL

Mumbai (Maharashtra) [India], July 18:Quest FlowControls Ltd (previously called Meson Valves India Ltd) (BSE CODE: 543982), is happy to share a major achievement following the receipt of a notable order worth ₹19.89 crore fromBHELESD, Bangalore. This signifies the initial partnership betweenQuest Flow Controls and BHELESD is a reflection of the company's increasing proficiency and standing within the defense and maritime industries.

The agreement involves the provision of remote-controlled valves for the Naval Integrated Platform Management System (IPMS), an advanced and automated system utilized aboard naval ships. The IPMS combines essential functions like propulsion, electrical power management, damage control, and auxiliary systems, thus improving operational effectiveness, situational awareness, and safety on board for the Indian Navy.

Despite intense competition, Quest FlowControls set itself apart with its advanced technology, high-quality products, and engineering superiority, becoming the go-to partner for this essential defense project. This contract strengthens the company's standing within the naval defense sector, and paves the way for potential future export prospects, marking a significant milestone.Quest FlowControls as a vital element in enhancing India's expanding naval strength and worldwide maritime innovations.

Mr. Kishor Makvan, the Chief Executive Officer ofQuest FlowControls Limited remarked on this deal, "We are pleased to announce this significant order from"BHELESD, Bangalore, our initial collaboration with one of India's most renowned public sector enterprises. Obtaining this contract for remote-control valves for the Naval Integrated Platform Management System highlights the confidence bestowed uponQuest FlowThe engineering skills and product excellence of controls.

This victory holds special importance considering the intense competition we encountered. It confirms our technical proficiency, ability to innovate quickly, and our rising standing in the defense and maritime industries.

About Quest Flow Controls Limited

Established in 2016, Quest FlowControls Limited, previously called Meson Valves India Limited (MESON), is becoming a significant international player in the production of premium valve products for multiple sectors.

Their proficiency covers the Defence, Marine, Industrial, Oil & Gas, and Power industries, highlighting their flexibility and dedication to addressing a wide range of market needs. They utilize advanced technologies, providing their respected clients with creative and dependable valve options that align with changing industry requirements. Having a robust international footprint, Company provides a broad selection of valves in different types.

metallurgical processes, supported by skilled engineers offering customized automation solutions.

Being an ISO 9001 certified organization, they emphasize quality control, partnering with well-known companies and providing valves for essential uses, such as military projects.

Quest FlowControls Subsidiary H2O Dynamics Ltd, an independently managed firm, is offering specialized solutions to meet the needs of the wastewater management industry in India.

In fiscal year 2025, the company reported a total revenue of ₹67.94 crore, an EBITDA of ₹13.20 crore, and a net profit of ₹6.85 crore.

Disclaimer

This document includes statements that look ahead, which are not based on past events and are influenced by various risks and uncertainties, such as government decisions, local changes, and technology-related challenges. The Company is not liable for any actions taken relying on these statements and does not promise to update them publicly to account for future developments or situations.

(ADVERTORIAL DISCLAIMER: The aforementioned press release has been submitted byVMPL. ANI will not be held liable in any manner for the content thereof)

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Africa's Path to SDGs Amid Challenges - UN

ADDIS ABABA - The continent's young population and growing digital movement place Africa in a position of both risk and opportunity to drive advancement toward the Sustainable Development Goals (SDGs), as highlighted in the UN's 2025 SDG report.

Only one-third of the goals are making adequate progress, according to the report, with five years left until the 2030 target. Specialists are pushing for the elimination of obstacles that prevent nations from carrying out the SDGs efficiently.

"A global development crisis is underway. Approximately 800 million individuals continue to reside in extreme poverty, facing worsening climate challenges and ongoing debt obligations that deplete the funds nations require to support their populations," stated UN Secretary-General António Guterres during the report's release.

Although there have been continuous global challenges, such as conflicts, climate change, and health crises, the report points out that millions of people have experienced better living conditions in the last ten years. More individuals in Africa and other areas now benefit from electricity, clean cooking methods, and internet connectivity. Social safety nets have grown to include more than half of the world's population, marking a major increase compared to ten years ago.

In Africa, however, development has faced challenges due to multiple intertwined issues, including high debt and decreasing assistance, along with ongoing disparities. Nevertheless, the report highlights the continent's distinct opportunities, stating, "With the youngest population globally and a rapidly growing digital economy, the continent is both at risk and full of potential."

Meeting the SDGs in Africa will demand more than just internal changes. The report emphasizes the need for renewed global unity, addressing debt issues, reducing conflicts, and making focused investments in the continent's young population.

To avoid further decline, the report recommends strong collaborations and funding for climate adaptability, job opportunities for young people, healthcare infrastructure, education, and initiatives promoting peace to support long-term development.

Adding to the difficulty, official development assistance (ODA) decreased by over 7 percent in 2024 following five straight years of increase. Further reductions are expected in 2025, increasing the strain on nations already facing unprecedented debt repayment obligations.

Extreme deprivation persists, impacting one out of every ten individuals worldwide. As per the report, sub-Saharan Africa and regions affected by conflict still face the greatest challenges as recent emergencies hinder advancement.

The Deputy Secretary-General of the United Nations for Economic and Social Affairs, Li Junhua, highlighted that the global community must act with determination, not despair. "We possess the expertise, resources, and collaborations necessary to bring about change. What is required now is active multilateralism—a renewed commitment to collective accountability and ongoing investment."

"In the next five years, it will be decided whether we rise to face this challenge or fall even further behind. Let us take advantage of this crucial period to recommit, to take action, and to achieve results," Li added.

To drive significant change, the report outlines six key focus areas: reinforcing agricultural systems, increasing energy availability, speeding up digital progress, boosting education, generating employment and improving social safety nets, and promoting climate and ecological conservation.

BY STAFF REPORTER

THE ETHIOPIAN HERALD FRIDAY 18, July 2025

Copyright 2025 The Ethiopian Herald. All rights reserved. Distributed by AllAfrica Global Media (Daily News).

Tagged: Ethiopia, Africa, International Organizations and Africa, East Africa, External Relations

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KRA's Cargo Certificate Rule Threatens Small Importers

The compulsory requirement for all shipments entering Kenya to include a Certificate of Origin is expected to significantly affect small operators who combine cargo, according to traders.

The Kenya Revenue Authority (KRA) has mandated that starting July 1, all imports must be accompanied by the specified certificate issued by an authorized body.in the exporting country.

Importers, customs clearing agents and the general public has been warned since then.

To ensure a seamless shift, a temporary period until September1, The year 2025 has been allocated to assist with adherence to regulations and give importers sufficient time to obtain the necessary paperwork.

"Keep in mind that after this period, shipments that do not meet the requirements will be subject to seizure according to the provisions of the Act," Commissioner for Customs and Border Control,Lilian Nyawanda, stated in the notice.

This represents a significant departure from previous procedures, in which Certificates of origin were needed solely for products covered by preferential trade agreements to establish their origin and grant tariff advantages.

A recognized official entity means a governmental department or officially appointed organization in the country from which goods are exported, that has the power to issue certificates of origin.

A Certificate of Origin is considered valid when it includes the name and address of both the exporter and the importer, the port of origin, a precise description of the items, the quantity of the goods, the country of origin; and the country of destination.

Failure to comply will result in the KRA imposing penalties, leading to the confiscation or loss of goods by the Commissioner or an authorized officer.

"KRA continues to focus on promoting legal trade while maintaining complete adherence to the law," Nyawanda stated in the announcement.

The Shippers Council of Eastern Africa (SCEA), which advocates for the interests of importers and exporters, has expressed concerns, stating that the action will affect small traders, particularly those who consolidate cargo. It also describes the move as a "big surprise," referring to the requirement of a standard certificate that does not offer any preferences.

As per SCEA, it has become more frequent for importers to obtain products from carriers that combine shipments from various countries.

For instance, a shipping company located in Singapore might acquire goods from multiple nations including China, Hong Kong, Indonesia, and Malaysia, and then combine the freight into one delivery heading to Kenya.

"In such a situation, we aim to learn about the necessary documentation when importing into Kenya: Does the shipper based in Singapore need to present individual certificates of origin from each original source? We will continue seeking further advice and also request exemptions," said Agayo Ogambi, CEO of SCEA, to the Star.

Trade Agreement for Simplifying Commerce under the World Trade Organization, building onGeneral Agreement on Tariffs and Trade (GATT) Article VIII, emphasisses thatcharges, procedures, and paperwork—including certificates of origin—should be kept to a minimum.

The World Customs Organization also points out that documents indicating origin without preferential treatment should not be required for regular imports.

This is necessary only when a particular trade policy, such as anti-dumping measures, import quotas, or Origin labeling requires it and should be implemented on an individual basis, not automatically.

We will also look for clarity on whether the standard certificate of origin can be regulated by the Tax Procedures Act instead of the East Africa Community Customs Management Act," Ogambi stated, "We value the transitional period but hope to discuss with the Commissioner of Customs KRA about its execution and effects.

KRA’sDepartment of Customs and Border Protection collectsed Sh879.3a billion in the fiscal year concluding June 2025, official statistics reveal, victoryan average daily gathering ofSh3.5 billion.

The performance was driven by non-otaxes that increased by 10.3 per cent to Sh541 billion and oil taxes that increased by 12.5 per cent to Sh338.276 billion.

Import duty grew by 18.3 per cent to Sh157.9 billion with the agricultural and steel industries at the forefront, experiencing increases of 67 per cent and 39 per cent, respectively.

Excise Tax also increased by 11.6 per cent to Sh125.300 billion, Railway Development Charge (RDL) collection increased by 15 per cent to Sh36.820 bmillion while Road Maintenance Levy increased by 50.9 per cent to Sh119.662 billion.

The rise in RML is due to higher applicable rates fromSh18 per litre to Sh£25 per liter. Additionally, oil quantities increased significantly by 13 per cent in July-June 2024-25 mostly from gasoline, diesel and other petroleum products (coal, electrical energy, lubricating greases,among others.)

“The introduction of centralised clearance procedures led to a 62 per centreduction in the time required to clear cargo from 110 hours to 42 hours,” Nyawanda said yesterday.

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Fiber to Tomorrow: India's Digital Leap

NewsVoir

New Delhi [India], July 18: Bharat Exhibitions successfully ended the third edition of the Broadband India Summit 2025 today at Hotel Shangri-La, New Delhi, signifying a major achievement in India's digital progress. Under the engaging theme, "Connecting the Unconnected: Bridging the Gaps with Wireline, Wireless, and Satellite Solutions," the event gathered key decision-makers, top telecom companies, infrastructure providers, and technology leaders. As India's broadband environment evolves quickly with advancements like Wi-Fi 6/7, Passive Optical Networking (PON), and Low Earth Orbit (LEO) satellites, the summit highlighted the innovations enabling ultra-fast connectivity for experiences such as 8K streaming, VR, cloud gaming, and smart homes. Beyond being just a conference, the summit served as an active platform to influence policy, present groundbreaking technologies, foster collaborations, and support the inclusive goals of Digital India.

The Summit's Chief Guest, Shri Vivek Banzal, Director (CFA) of Bharat Sanchar Nigam Ltd., stated in his address, "BSNL is much more than a telecommunications service provider—it serves as a digital facilitator. As India strives for Broadband for All, BSNL's network, cost-effectiveness, and presence in rural areas make it essential. The integration of all technologies is the key moving forward; we must ensure coverage in every part of the country. This is the sole path for our nation, India. Indian connectivity that crosses all geographical limits is something that we, as service providers, concentrate on. When the entire country is connected, it is truly connected."

The Guest of Honor at the Summit, Shri Sanjay Agrawal, Director of the Directorate of Coordination Police Wireless (DCPW), Ministry of Home Affairs, stated in his address, "The Ministry of Home Affairs is embracing this change. From digital identity verification to online passport services, broadband is transforming how we provide public services. Projects such as PM-WANI and Digital Bharat Nidhi are aiding in closing the urban-rural gap by supporting infrastructure development in underprivileged regions. As we increase digital access, we must also focus on cybersecurity, data protection, and digital literacy. The Digital Personal Data Protection Act, 2023 is a positive move. However, laws need to be supported by awareness and proper infrastructure."

Mr. Puneet Garg, President and Group Wireline CTO of Reliance Jio, in his speech as an operator, stated, "In the digital era, connectivity forms the foundation of advancement. Quick and dependable internet is no longer a privilege—it's essential. At Jio Fiber, we take pride in leading this change. Our goal is straightforward: to provide top-notch broadband to every part of India. With Jio Fiber and now Jio AirFiber, we are expanding our coverage to regions where conventional infrastructure falls short, aiding in closing the digital gap. Focusing on health and supporting government initiatives, our offerings ensure access to connectivity even in the most isolated areas of the nation."

Mr. Rahul Vatts, Director - OneWeb India and Chief Regulatory Officer at Bharti Airtel, in his speech as an operator, stated, "Satellite broadband is quickly becoming a game-changing option for internet access in India, particularly in remote and underdeveloped areas. Bharti Airtel is taking major steps in the satellite broadband sector in India, establishing itself as a leading player through strategic collaborations and joint ventures."

Prof. Kiran Kuchi, the founder of WiSig Networks and a professor at IIT Hyderabad, mentioned during the conference, "We are seeing the merging of various technologies, particularly within the infrastructure domain. 5G and Wi-Fi have come together at the network level, which is truly impressive. BharatNet, combined with other supporting technologies and fiber-to-the-home projects, plays a crucial role in providing final-mile connectivity."

Another speaker, Mr. Sachin Deshpande, CTO of Tata Play Fiber, mentioned in his special speech, "Tata Play Fiber goes beyond being just a service—it represents a dedication to digital empowerment. We are growing throughout cities and towns, making sure that every home, every business, and every student can access top-tier internet. In today's digital-focused environment, connectivity is no longer just a luxury—it's a must-have. Whether it's a student participating in online lessons, a professional working from home, or a family watching their preferred shows, high-speed and dependable internet is the foundation of contemporary life, with network reliability being essential. Enhancing customer experience is crucial, which involves improving service capabilities, such as integrating AI."

Shri Manoj Tandon, Director (Project, Operations & Maintenance) of RailTel Corporation of India Ltd, in his special speech stated, "The true effectiveness of broadband connectivity lies in its accessibility. More than 50% of our RailWire users come from semi-urban and rural areas—places where conventional broadband typically doesn't reach. We are not only linking people but also strengthening entire communities. The expansion of telecommunications drives national development—let us collaborate on a significant broadband initiative."

"RANext is leading the development of digital infrastructure and facilitating next-generation connectivity. With smart cities and structures becoming increasingly essential in India and around the world, RANext's efforts in this area go beyond mere business, offering connectivity solutions that are shaping the future of the industry. Our offerings are not only establishing the core of FTTx and other wireless technologies in India but also setting the stage for a digitally advanced future," said Mr. Gopa Kumar Krishna, Chief Executive Officer, RANext Technologies.

In his opening speech, Mr. Shashi Dharan, the Managing Director of Bharat Exhibitions, stated, "India is stepping into a new age of connectivity. As everyone is aware, satellite broadband is set to arrive in India! With the required approvals and clearances obtained, the government is currently working on the details for spectrum distribution. It is anticipated that commercial services will begin in November or December 2025."

Notable panelists and speakers from various industry sectors included Shri Arun Agrawal, DDG (Satellite), Department of Telecommunications, Smt. Padma Jaiswal, IAS, Secretary to the Government of the state and Union Territories and Secretary, Government of Puducherry, Mr. Sanjay Kawale, Manager - Products, Commscope India Pvt. Ltd., Mr. Rajesh Kaul, Founder & Director, LMES iConnectWe, Mr. Vivek Narayan, Former DDG DS, DoT, Shri R. Shakya, Addl. DG, Haryana LSA & Circle Head, Department of Telecommunications, Mr. Laxminarayan R. Bhat, Head of Product Management, Astrome Technologies, Shri Khandagale Dhammapal Anil, Director (Satellite Finance), Wireless Planning & Finance Wing, Department of Telecommunications, Mr. Alok Gupta, Founder & CEO, Pyramid Cyber Security & Forensics, Mr. Debashish Bhattacharya, Sr. Dy. Director General, Broadband India Forum (BIF), Shri Ram Sajiwan Singh, DDG (IOT), Telecommunication Engineering Centre, Mr. Vinish Bawa, Partner & Telecom Sector Leader, PwC India, Lt. Gen. AK Bhatt PVSM, UYSM, AVSM, SM, VSM (Retd), Director General, Indian Space Association (ISpA), Mr. Yugal Kishore Sharma, Founder & CEO, MyNEXT Broadband Services, Mr. Dharmender Khajuria, National Head - Network Partnerships, Bharti Airtel, Mr. Rajiv Mehla, Chief Business Officer, RANext Technologies, and Mr. Sanjay Kawale, Manager - Products, Commscope India Pvt. Ltd.

The Summit received support and collaboration from WiSig Networks, Commscope, RANext Technologies, Techspire Services, 6D Technologies, Astrome Technologies, LMES iConnectWe, Shaildhar Telecom, Saartek, Syrotech Networks, Communications Today, The Marcom Avenue, ITU-APT Foundation of India, Indian Space Association, and Broadband India Forum.

(ADVERTORIAL DISCLAIMER: The above press release has been provided byNewsVoir. ANI will not be held responsible for the content in any manner)

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Godrej Hosts Global Healthy Workplace Summit and Awards

PRNewswire

Mumbai (Maharashtra) [India], July 18: The Godrej Industries Group has joined forces with The Global Centre for Healthy Workplaces (GCHW) and Arogya World to organize a two-day Global Healthy Workplace Summit & Awards event at Godrej One, Mumbai, aiming to tackle the increasing challenges faced by India and the global community.healthcare challenges. Collaborates with The Global Centre for Healthy Workplaces and Arogya World to organize the Global Healthy Workplace Summit & Awards. This prestigious event aims to stimulate discussions on emerging benchmarks in workplace wellness and honor top organizations from India and globally for their ongoing commitment to employee health and wellbeing. The Global Healthy Workplace Summit & Awards is set to take place on November 20 and 21, 2025.

The International Healthy Workplace Summit & Awards will be held in India for the first time on November 20-21, 2025, and will gather global leaders,healthcare experts, industry bodies, policymakersand organizations to discover innovative approaches for enhancing employee health and happiness. The event is being organized in collaboration with the Global Centre for Healthy Workplaces and Arogya World, a nonprofit gaining widespread recognition as a key player in workplace health in India. Building upon insights from earlier Arogya World conferences in India, including topics like shaping the future of work, incorporating artificial intelligence into workplace wellness, and aligning ESG (Environmental, Social, and Governance) objectives with health-focused initiatives, this year's summit seeks to establish new global benchmarks in workplace wellness. The event will highlight India's top companies committed to employee health and well-being and will also unveil the Healthiest Workplaces in the world for 2025.

Focusing heavily on preventing non-communicable diseases (NCDs), providing mental health assistance, and incorporating wellness into company culture, the 2025 Summit will tackle the unique health issues and possibilities across the globe and specifically within the Indian work environment. The event will also highlight proven corporate wellness efforts and effective methods related to Arogya World's MyThali nutrition initiative, Lifestyle Coach training program, and Tobacco-Free Workplace approaches.

Speaking about the chance to host the summit, Ajay Bhatt, Group Head of Corporate Services at Godrej Industries Group, stated, "At Godrej Industries Group, we have consistently emphasized the importance of platforms and interactions that promote health and wellness beyond conventional methods. Collaborating with The Global Centre for Healthy Workplaces and Arogya World aligns with our commitment to fostering healthy work environments. We aim to encourage Corporate India to implement innovative approaches that focus on comprehensive employee well-being and tackle the specific challenges of modern, fast-changing workplaces."

Barry Crisp, the Director of Marketing and Communications at the Global Centre for Healthy Workplaces, stated, "This is a special moment for employee wellness. Organizing our 13th Global Healthy Workplace Awards & Summit in Mumbai, in collaboration with Arogya World and Godrej Industries Group, presents a strong chance to exchange international best practices and promote a health-focused culture. We hold the belief that 'Good Health is Good Business,' and this summit supports our goal of making workplace wellness a worldwide priority in every industry and region."

Ms Srabani Banerjee, Chief of Programs at Arogya World, stated, "Dedicated to comprehensive employee well-being, we at Arogya World assist organizations in adopting a data-focused approach to health by integrating employee wellness into their main business strategies, thus promoting more socially responsible actions. We are thrilled to collaborate with the Global Centre for Healthy Workplaces and Godrej Industries Group, and bring this conversation to the global spotlight."

These lively partnerships will provide an energetic space for exchanging effective methods, gaining insight into new developments, and promoting impactful projects within work environments covering health policies and procedures.

About Godrej Industries Group:

The Godrej Industries Group (GIG) reaches 1.1 billion consumers worldwide, operating in various sectors such as consumer goods, real estate, agriculture, financial services, and chemicals. Godrej was established in 1897 with the aim of supporting India's economic self-reliance. We are dedicated to advancing and enhancing this tradition of innovation for a purpose, creating a more sustainable future, while considering both the environment and people along with profits.

GIG encompasses a range of quickly expanding enterprises that are top contenders in their specific fields. Godrej Consumer Products (GCPL) is a rising FMCG leader in emerging markets, specializing in Home and Personal Care, with an increasing footprint across Asia, Africa, and Latin America. Godrej Properties (GPL) stands as India's premier real estate developer in terms of sales, applying the Godrej principles of creativity, environmental responsibility, and quality within the real estate sector. Godrej Agrovet (GAVL) offers a variety of businesses that tackle major issues confronting Indian agriculture, enhancing the efficiency of Indian farmers through innovative products and services that sustainably boost crop and animal production. Godrej Industries (Chemicals), the group's oldest venture, is India's top producer of oleochemicals and surfactants. Godrej Fund Management (GFM) serves as the real estate private equity division of the group. Godrej Capital (GC), the most recent addition to the group, is a rapidly expanding financial services company.

For further details about the Company, please visit the website.www.godrejindustries.com

About Arogya World:

At Arogya World, we promote a powerful, on-site health approach that provides preventive care in the places where people reside, study, and are employed. By integrating scientific accuracy with widespread implementation, our impactful programs make preventive health available, tailored, and easy to act upon. Our main objective is preventing non-communicable diseases, including Type 2 diabetes, heart disease, cancer, and chronic respiratory illnesses, which are placing a heavy burden on India's healthcare system.

We have already connected with 19 million individuals by 2024. Maintaining strong momentum, we are positioned to achieve 50 million in the following 3-5 years, demonstrating that prevention efforts can be both extensive and long-lasting.

For further details about our initiatives, kindly visit our website.www.arogyaworld.org

About the International Center for Healthy Workplaces:

The International Centre for Healthy Workplaces (GCHW) advocates for a coordinated global approach to workplace health, acknowledging that "Good Health is Good Business." Since its establishment in 2012, GCHW has been leading the way in fostering healthier and more efficient work environments through knowledge sharing, acknowledgment, and the adoption of top practices. The organization's goal is to assist employers and employees across all sizes and industries in attaining sustainable and fair health results. In the last ten years, GCHW has organized 12 Global Summits in nine different countries, held regional workshops and international discussions, and managed the renowned Global Healthy Workplace Awards. With over 370 applications for awards from six continents and 25 companies receiving global certification, GCHW remains at the forefront of promoting innovation, adaptability, and cooperation in workplace wellness on a global scale.

For further details, kindly visitwww.globalhealthyworkplace.org

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(ADVERTORIAL DISCLAIMER: The above press release has been provided byPRNewswire. ANI will not be held responsible in any manner for the content thereof)

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Taiwan's 2025 GDP Forecast: 3.05% Growth Despite Export Downturn

Taipei [Taiwan], July 18 (ANI): TaiwanIts economy is predicted to increase by 3.05 percent in 2025, backed by robustexportpositive momentum during the first half of the year, which is anticipated to slow down in the second half, as reported by the Chung-Hua Institution for Economic ResearchCIER), reported Focus Taiwan.

According to the report, CIER projected GDPgrowth is expected to slow to approximately 1.08 percent in the second half of 2025, compared to an estimated 5.17 percent rise in the first half.

The anticipated slowdownis linked to the lasting effects of Trump-era tariff policies and a high base effect from early 2025.

As per the news website,CIERstated that the first-half growth surpassed forecasts because international buyers increased their orders to evade US tariffs.

TaiwanThe technology industry also saw advantages from robust demand, especially fueled by AI-related developments.exports, the platform reported.

The Trump administration first introduced significant tariffs on April 2, featuring a 32 percent tax onTaiwanThese goods, prior to being suspended for 90 days beginning April 9, were intended to aid in trade negotiations.

CIER estimated Taiwan's exportgrowth is expected to slow down to 6.71 percent in the third quarter and drop further to 2.55 percent in the fourth quarter, marking a significant decrease from 20.29 percent in the first quarter and 27.12 percent in the second quarter.

For the entire year of 2025,Taiwan's exportThe organization stated that exports are projected to rise by 13.74 percent, while imports are anticipated to go up by 15.28 percent.

CIERPresident Lien Hsien-ming pointed out that although there are tariff obstacles,TaiwanIts power in artificial intelligence development is expected to maintain growth momentum through the second half of the year.

Lien also warned that the Trump administration could levy duties ranging from 15 to 20 percent onTaiwanThese goods due to strong business connections. He cautioned that increased tariffs could lead to higher inflation in the U.S. by increasing the cost of imports.

Private investment growth is projected to slow down each quarter during 2025, decreasing from 20.77 percent in the first quarter to 3.96 percent in the second, 2.31 percent in the third, and 1.69 percent in the final quarter.

CIERprojects private investments to increase by 7.03 percent this year, with fixed capital formation expected to rise by 6.60 percent to support the overall growthGDP growth.

Private spending is expected to rise by 1.57 percent in 2025, influenced by a strong base from the prior year.

While a stronger TaiwanThe dollar is anticipated to ease import price pressures, while recent natural disasters have increased food costs, and labor shortages have led to higher expenses in the service industry.

CIER expects TaiwanThe consumer price index is expected to increase by 1.89 percent in 2025, staying under the central bank's 2 percent warning level.

As the American currency declines in value,CIER forecasts the TaiwanThe dollar is expected to average NT$30.32 against the U.S. dollar in 2025, rising by 5.92 percent from 2024.

Looking ahead, CIER projects TaiwanThe economy is expected to expand by 2.48 percent in 2026, as per the projections mentioned in the report by Focus.Taiwan. (ANI)

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Defence Firms Optimistic About Hundreds More Jobs

Additional hundreds of jobs will be brought to companies that provide services to the military as the government boosts its defence expenditure, as stated by business leaders.

Emma Baker, the policy head at the defense industry organization ADS, mentioned that they "expect a significant increase in work" from government contracts.

Over 40,000 individuals are employed by firms in the defense industry within the South West region, with many of these businesses depending on contracts from the Ministry of Defence to sustain their operations.

A large number of people are assembling at the Royal International Air Tattoo (RIAT) in Gloucestershire, the largest military aviation event globally.

"We're still waiting for the orders to arrive," said Seb Greene, CEO of the Bristol-based Broadway Group.

We are sure it is on its way, but these matters often require time to reach us.

One of the main attractions at RIAT is the helicopters from Yeovil, frequently moving horizontally.

At the renowned Somerset helicopter plant, they pay close attention when the Prime Minister speaks aboutincreasing defence spending.

More than 3,000 employees are employed at the historic facility, which is currently managed by Leonardo Helicopters.

And they are awaiting the final approval on a£1 billion agreement to provide for the Royal Air ForceWith more than 20 new helicopters. The agreement is expected to "generate or maintain over 3,000 jobs" in Yeovil, as stated by the company.

No other companies are still competing for the contract, but the agreement is currently delayed due to the government's evaluation of defense expenditures and purchasing processes.

In the meantime, hundreds of additional young apprentices and graduate engineers are being hired.

I absolutely adore it," AJ McKenzie said to me, smiling. "I wouldn't alter a single thing about it.

Raised in Yeovil, the 20-year-old began an apprenticeship last year.

He is currently part of the team responsible for maintaining the gearboxes of helicopters operated by the Royal Navy and RAF.

Disassembling items and reassembling them, there's a lot of 'why isn't this functioning?', instead of simply 'it's not working, throw it away'. It's very rewarding.

Not every task in this helicopter factory requires a wrench and engine oil. Hundreds of employees are engaged in advanced digital engineering, such as Chrissy Smith. She has been working here for 36 years, starting as a technical assistant.

"Each day is unique," she remarked.

Now, she is showcasing the 'Digital Twin', a high-performance simulator that enables pilots to familiarize themselves with the controls in the comfort and safety of an indoor environment.

She fully understands that her team's efforts are crucial in saving the lives of aircrew during severe conditions.

"I feel honored to be involved in a project that will safeguard and ensure the country's security, which is why I am proud to be employed by Leonardo," she stated.

For the time being, Chrissy, AJ, and thousands of others are left waiting as the Ministry of Defence reviews the request for their new helicopter.

Leaders in the defense sector are assured that once it arrives, the MoD review will bring additional tasks.

"We expect a significant amount of additional work," said Emma Baker, representing the trade association ADS.

It is evident that the government recognizes the need for significant efforts to enhance industrial capabilities.

And it's not only the UK. Throughout Europe, military expenditures are also increasing.

Hundreds of small companies are also anticipating the government's choice on what to purchase in greater quantities.

In a modest, unremarkable trading area in East Bristol, you might easily pass by Broadway Group without noticing.

Enter the facility, and you'll find engineers producing highly precise components for jet engines. These parts will also be utilized by RAF pilots flying at supersonic speeds. Exceptional accuracy is the norm.

Seb Greene, the CEO of Broadway, stated that defense contracts helped sustain the company during the pandemic.

Commercial orders suddenly dropped dramatically," he explained. "Everyone stopped flying. However, defense-related work continued, importantly.

The company has expanded from 80 employees to 180 due to military contracts, and currently employs four apprentices annually, along with one graduate.

Nanditha Gampala pursued a Master's in Business, and subsequently secured a position at Broadway Group. She emphasized that careers in the industry are not limited to engineers.

The aerospace industry offers opportunities for individuals from various backgrounds and with different skills, showcasing a wide range of possibilities. Therefore, avoid limiting yourself, as there truly is something suitable for everyone in this field.

Should the MoD eventually release its list of new equipment for the enlarged military forces, numerous contracts are likely to be awarded to companies such as this.

In the South West of England, 130 companies are involved in military projects, providing jobs for 44,000 individuals. For the time being, they are awaiting decisions from Whitehall.

Such matters require time," remarked Seb Greene, with a wry smile. "However, we are certain the agreements will arrive, and we'll be able to allocate resources toward additional technology and, most importantly, more personnel.

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Stanbic Bank Auctions 22 Vehicles, Starts at KSh 840k

• Stanbic Bank Kenya released an announcement in a local newspaper, detailing all 22 vehicles scheduled for a public sale.
• The bank specified the minimum prices for the vehicles and established a deadline for potential car buyers to place their offers.
• The creditor established a non-refundable registration fee that participants must pay, and provided an email address to submit their offers.

A journalist from Daily News.co.ke, Japhet Ruto, has more than eight years of expertise in covering financial, business, and technology topics, providing valuable perspectives on economic developments in Kenya and around the world.

Stanbic Bank has disclosed a public auction offering 22 vehicles for sale in Nairobi, Kiambu, Meru, Mombasa, and Kisumu.

A statement released in the Daily Nation on Friday, July 18, urged potential bidders to submit their offers by Friday, July 25.

"All participants must pay a non-refundable fee of KSh 2,000 for each vehicle they bid on. Inspection of the motor vehicles must take place at the designated storage facilities prior to submitting a bid. Bids that include complete contact information should be sent by email to SBKDebtvendors@stanbic.com," the bank mentioned.

What automobiles is Stanbic Bank selling off?

Description	Registration number	Year of manufacture	To be viewed at	Reserve price
1. Nissan Patrol V8	KDR 652D	2023	Phillips International Auctioneers Yard-Kileleshwa	KSh 21.15 million
2. Toyota Land Cruiser V8	KDP 470J	2016	Phillips International Auctioneers Yard-Kileleshwa	KSh 7.31 million
3. Mitsubishi Fuso	KDH 047Z	2021	Phillips International Auctioneers Yard-Kileleshwa	KSh 5.67 million
4. Toyota Land Cruiser TX	KDR 601B	2017	Starstruck Auctioneers Investments Yard-Kiambu	KSh 5.5 million
5. Mitsubishi FIV1	KDM 148Y	2023	Phillips International Auctioneers Yard-Kileleshwa	KSh 4.77 million
6. Toyota Land Cruiser TR	KDM 530V	2016	Jogoo Road Warehouse - Jogoo Road	KSh 4.68 million
7. Mitsubishi Fuso FIV1	KDJ 043M	2021	Phillips International Auctioneers Yard-Kileleshwa	KSh 4.5 million
8. Mercedes-Benz Actros	KDM 129S	2016	Blackbird Auctioneers-Milimani Kisumu	KSh 4.4 million
9. Mitsubishi Canter	KDP 541M	2023	Blackbird Auctioneers-Nyali	KSh 4.3 million
10. Isuzu FVR	KDJ 475Q	2022	Mount Kenya Auction Yard-Meru	KSh 4.23 million
11. Mercedes Actros	KDJ 582Y	2015	Pambo Auctioneers-Kisumu	KSh 4.02 million
12. Mercedes Actros	KDM 009J	2016	Matrix Moves Ltd - Changamwe, Mombasa	KSh 3.85 million
13. Mercedes-Benz Actros	KDM 008F	2016	Matrix Moves Ltd - Changamwe, Mombasa	KSh 3.8 million
14. Mercedes-Benz Actros	KDN 048H	2016	Valley Auctioneers Yard-Membley	KSh 3.7 million
15. Mitubishi L200	KDD 165R	2019	Phillips International Auctioneers Yard-Kileleshwa	KSh 3.65 million
16. Mitsubishi Fuso Canter	KDQ 776G	2023	Phillips International Auctioneers Yard-Kileleshwa	KSh 3.05 million
17. Mercedes-Benz C200	KCW 579W	2018	Starstruck Auctioneers Investments Yard-Kiambu	KSh 2.63 million
18. Mercedes-Benz Actros	KDC 206X	2015	Bungoma Safe Keepers Yard-Bungoma	KSh 2.56 million
19. Mercedes-Benz GLA	KDJ 088W	2015	Starstruck Auctioneers Investments Yard-Kiambu	KSh 2.38 million
20. Mazda Axela Sport	KDP 574E	2016	Valley Auctioneers Yard-Membley	KSh 1.1 million
21. Mazda Demio	KDR 820L	2017	Phillips International Auctioneers Yard-Kileleshwa	KSh 1.05 million
22. Suzuki Swift Sports	KDN 781K	2016	Starstruck Auctioneers Investments Yard-Kiambu	KSh 840,000

Which additional companies are selling vehicles through auctions?

In other news, NCBA Bank revealed an auction featuring 39 vehicles, with bids beginning at KSh 370,000.

The Kenya Wildlife Service will also be offering vehicles and additional items for sale in July 2025.

In another location, the Bank of Africa promoted the sale of Nissan Notes and additional vehicles.

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QNET strengthens scam battle with CID and EOCO alliance

...establishes a Compliance Office in Accra

QNET, a worldwide direct sales enterprise centered on lifestyle and wellness, has officially established its Compliance Office in Ghana.

The event, attended by the head of the Economic and Organised Crime Office (EOCO) and the Criminal Investigation Department (CID) of the Ghana Police Service, occurred earlier this week at the office location on Lagos Avenue in the East Legon district of Accra, Ghana.

The Ghanaian Compliance department aims to tackle the significant problem of fraudsters who are exploiting its official name to trick unaware citizens.

The head of the Criminal Investigations Department, DCOP Lydia Donkor officially announced the opening of the office when she stated: “The launch of this office holds great significance. QNET is making efforts to ensure that their business name or credibility is not tarnished by allegations of scams and unlawful claims made in their name. As law enforcement, we are also pleased that today's opening is quite important, as it will allow us to collaborate with them or for them to work with us to ensure that proper actions are taken.”

Having this office will be beneficial, ensuring that individuals who misuse the (QNET) name to engage in illegal activities or deceive people are identified. It is time to put an end to these scams occurring both within and outside our country. Therefore, on this day, we are happy to have their executives present. The office is now active, the business is running normally, and people can recognize it when they need to," she said.

Lawyer Naana Quartey, the Global Compliance Officer at QNET, outlined the main goals behind establishing the office. "For far too long, our name has been exploited by criminal groups trying to trick and take advantage of unsuspecting individuals. Many of you in this room—our partners in law enforcement and regulatory bodies—have witnessed firsthand the harm these criminals can cause. That is exactly why this office was created. In basic terms, this office will not only address fraud but also focus on stopping it."

The QNET Compliance Department has three distinct responsibilities:

A Pledge to Responsibility – This office will act as the main contact for all regulatory and legal issues related to QNET in Ghana. In this capacity, QNET will take the initiative in communicating with all governmental agencies, including EOCO, the Police, and the Ghana Immigration Service, among others. QNET's legal and compliance professionals will be attentive, responsive, and ensure that QNET functions with complete openness and responsibility.

A Dedication to Compliance – The office is tasked with overseeing the operations of QNET's independent distributors throughout the nation. QNET will guarantee that they conduct themselves in accordance with legal standards, upholding both the essence and the specifics of ethical business practices. In cases where violations happen, QNET will take firm measures—ranging from disciplinary steps to referring them to authorities for legal action.

A Promise of Safeguarding – Primarily, the office will aim to shield the public from individuals who are falsely using QNET's name. Safeguard QNET's partners against false information. Assist those who have fallen victim to scams by aiding investigations and, whenever feasible, preventing criminal activities through the exchange of intelligence with security organizations like EOCO, Ghana Police, and Ghana Immigration Service.

Ramya Chandrasekaran, the Chief Communications Officer at QI group, the parent company of QNET, stated: "In recent years, QNET has taken part in various public education efforts in Ghana to assist communities in recognizing and steering clear of scams. These efforts involve media interactions, educational programs, and partnerships with relevant stakeholders."

Perhaps most significantly, in August 2024, QNET initiated a country-wide 'QNET Against Scams' campaign, which used radio, television, online platforms, and outdoor advertisements to inform the public about typical fraudulent methods and help them identify warning signs.

These continuous initiatives demonstrate QNET's continued commitment to education and openness. It's not just about restoring our image and addressing false beliefs about our brand, but also about being recognized as a company that genuinely cares for the people of Ghana.

Biram Fall, the Regional General Manager of QNET in sub-Saharan Africa; and Col (rtd) Rashid Salifu, the Managing Director of Bosumtwi Industries and QNET Training Centre in Ghana, attended the event.

EOCO partnership

On Tuesday, July 15, 2025, QNET officially revealed a strategic partnership with EOCO during a press event attended by Mr. Raymond Archer, the acting Executive Director of EOCO, who expressed his backing for QNET's increased efforts to combat scams and the misrepresentation of its brand in Ghana.

QNET's partnership with EOCO aims to actively examine and hinder illegal activities that involve mimicking brands and fraudulent practices; promote the sharing of knowledge and training in identifying and stopping fraud and human trafficking; increase public understanding of how criminal groups function and the indicators of a possible scam; and exchange information about suspicious behavior in an organized and prompt way to enhance enforcement efforts.

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Farmer's Bus Journey: EPS Condemns Stalin in Mayiladuthurai Delta Campaign

Mayiladuthurai (Tamil Nadu) [India], July 18 (ANI):AIADMK General Secretary Edappadi K Palaniswami (EPS) issued a harsh critique of the current administrationDMK and Chief Minister MK Stalinduring a high-voltage campaign in the Delta region as part of the "Let's Protect the People, Let's Save"Tamil Nadu" tour, AIADMKmentioned in a press statement.

Speaking to a big crowd in Melamukoodal, within the Poombuhar constituency,EPSreplied to Stalin's latest comment, referring to his campaign bus as "Sundaram Travels," and said, "Yes, I came by bus - because I am a"farmer. This is the type of vehicle I will always use for travel. However, you, Stalin, can afford to travel in Benz cars, helicopters, or even private jets. You have 8,000 crore rupees in your family trust.

The AIADMKleader, traveling in an open campaign vehicle amidst enthusiastic crowds along the path from Keezhmukoodal to Melamukoodal, blamed theDMK government of betraying farmers and merely rebranding AIADMK-initiated welfare projects.

The office of the District Collector in this area was approved by theAIADMK. The DMKsimply placed a sticker on it and took the credit," he claimed.

EPSfurther alleged that the governing party is trying to take over farmlands via methane and ethane gas initiatives and commended the formerAIADMKsystem for designating the Delta area as a safeguarded farming region.

He lambasted the DMKfailure of the government in acquiring rice efficiently.

Farmers are compelled to pile their rice sacks in open areas. They are getting soaked by the rain while the government turns a blind eye. At collection centers,farmerThey are forced to pay a Rs 60 bribe per sack. Is this the type of government we require?" he asked. "In our administration,"farmerIt has fair pricing. Now, there's only indifference and abuse.

EPS also slammed the DMKHis track record of promises versus actions, noting that fewer than 10 percent of the party's election pledges have been completed. "All Stalin does is present a plan each day and take pictures. If there was a Nobel Prize for deception, it should be awarded to him," he remarked.

Focusing on broken commitments,EPSsaid, "Stalin pledged to formalize part-time educators but did not follow through after assuming power. That's his contradictory approach. They also halted the free laptop initiative for students in government schools. When"AIADMKcomes back to power, we will start distributing laptops again.

Under the 100-day job initiative, he mentioned, "It has now been cut down to only 50 days. The central government has repeatedly requested information, but the state government is not providing it."

EPSexpressed worries about the worsening law and order situation and increasing drug trafficking throughoutTamil NaduFor three years, we have been highlighting this problem. Now Stalin states, 'don't fall into the drug trap.' In doing so, he is acknowledging that the country is overwhelmed by drugs.

A sharp critique of Stalin's son andDMK youth wing leader Udhayanidhi Stalin, EPSsaid: "What has Udhayanidhi contributed to the"DMK? Senior leaders like Duraimurugan worked for many years and were not appointed as Deputy Chief Minister. Is there any democracy in...DMK?"

He further stated, "I did not gain my position because of my father's name. I put in the effort, progressed gradually, and achieved this role. The journey you took is not the same as mine." (ANI)

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