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(SGT-HCMC) Construction Company 585, an arm of Civil Engineering Construction Corporation 5 (Cienco 5), yesterday began work on a new apartment building project capitalized at around VND600 billion (US$37.5 million) on the outskirts of HCMC.
The project, which will bring a new urban look to the city's less developed district of Tan Phu, comprises five 17-story blocks covering a 14,000-square-meter site and bordering the 24-meter-wide Nguyen Son Street and Thoai Ngoc Hau Street that will be widened to 60 meters.
When the Phu Thanh project is completed by 2009, there will be an additional 3,000 homes in the center of the outlying district, four kilometers from Tan Son Nhat International Airport.
The apartments are quoted at VND9 million per square meter.
The new scheme revamps the way main contractors deal with subcontractors. Details of subcontractor lists will be sent to contractors. Although the accounting, construction and IT industries welcomed HMRC’s decision to delay the introduction of the scheme for 12 months, there are fears that the technical problems could still bring the scheme grinding to a halt, causing incorrect tax payments and increased administration when it finally comes into effect on 6 April next year. HMRC will provide transitional documents to main contractors in November so they can record the subcontractors they have employed over the past two years. But the construction industry is worried that if any subcontractor details are left off the documents, then thousands of contractors will swamp HMRC phone lines in the first weeks of the scheme.
MUMBAI: The worldwide cable TV industry is in a race to provision a 'three-screen'service that starts with HDTV sets, maps over to broadband-connected PCs, and follows subscribers around during the day on cell phones or other portable devices. A report by In-Stat notes that as a result, the high-tech market research firm expects strong, continued growth in cable TV infrastructure equipment with sales rising from about $925.4 million during 2006 to more than $2.1 billion in 2010. .
Since March 2005, when Gainesville ordered the Building Systems Network chief executive officer to remove a partially-finished modular house in Waters Edge subdivision, Smereczynsky has sued in Hall County and federal court, rallied interest from the modular construction industry nationwide, and regularly pleaded his case to area media. "I've chosen to continue the fight," Smereczynsky said last week. "... I'm in the deal to the end." The deal has reached a new boiling point. The city, feeding off a state Court of Appeals denial of Building System's appeal, on Sept. 12 gave the Gainesville company 30 days to remove the home on Waters Edge Drive. Smereczynsky is seeking a court stay. An attorney representing the city's insurance company has also filed to dismiss constitutional claims in Smereczynsky's second lawsuit.
Before joining the Roanoke City Council, Bev Fitzpatrick sat on the Roanoke Redevelopment and Housing Authority board for a year while he was a paid associate in a private consulting firm that had close to $1 million in contracts with the authority, according to documents obtained by The Roanoke Times. Fitzpatrick says he doesn't believe the relationship created a conflict of interest. Records show that during his time on the authority board, Fitzpatrick voted on at least three matters associated with an overhaul of the Lincoln Terrace housing development. The Lincoln Terrace project was managed by the firm for which Fitzpatrick worked -- The Issues Management Group. His votes included approval of a budget that involved federal tax money to be paid to IMG. Fitzpatrick, in a one-page statement to the newspaper, wrote that he worked as a part-time consultant on a limited number of IMG projects, and that "at no time while I served on the authority's board did I perform any work with IMG that involved the authority." Fitzpatrick did not elaborate on the work he did perform for IMG during that period.
ST. MARTIN -- Homeowners Mike Smith and Mark Nordrum considered it a blessing when Florida contractor Don Gene "Dusty" Clemons appeared at their Porteaux Bay home offering his services after Hurricane Katrina. The homeowners' euphoria did not last long. After haggling with Clem-ons of Pensacola to fulfill the terms of the September 2005 contract, and then being unable to get him to return $45,000 in advance payments, the homeowners charged the 55-year-old contractor with embezzlement. Clemons is being held on a $50,000 bond at the Jackson County Adult Detention Center. Both Smith and Nordrum said as Christians, they found it difficult to sign charges but they do not want Clemons to advantage of other people. Smith said they do not expect to recoup the money but the hope is their lesson will be one that other homeowners will not have to learn the hard way.
NORTH CHARLESTON, S.C. - A man was charged with five counts of murder Sunday in the slayings of a mother and her four children in a mobile home, authorities said. Michael Simmons, 41, appeared at a bond hearing via video link from the Charleston County Jail on Sunday and was ordered held without bond. Officers discovered the bodies, including that of a 6-year-old, at the home Saturday after responding to a call. According to an arrest affidavit, a witness saw the bodies in the home then called police. The affidavit said Simmons was captured as he tried to drive away from the scene. The victims were shot with a handgun, the affidavit said. Police have not identified a motive. Charleston County Coroner Rae Wooten identified the victims as Betra Rainey, 39, and her children William Rainey, 16, Hakiem Rainey, 13, Malachia Robinson, 8, and Samenia Robinson, 6.
LONGVIEW - A half-dozen new commercial buildings are nearing completion in Longview, and with more on the way, the area is deepening its economic roots, city and business leaders say. New buildings and stores mean rising tax revenue for Longview, jobs for area residents and services for a growing population. "All of these represent a positive outlook for our community," Longview Finance Director Kurt Sacha said. In 2005, there were 124 permits for commercial projects in Longview. So far this year, the city has issued 127. It's too early to know how much tax revenue and jobs those new and expanded offices and retail business will generate, Sacha said. However, the new buildings already have increased property tax revenues, and a healthy commercial sector is a good indicator of overall economic health.
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