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KUANTAN, Oct 16 (Bernama) -- More help is on the way for the orphans in Pahang with the latest project being the construction of Rumah Penyayang Anak-Anak Yatim Sultan Haji Ahmad Shah at Bandar Indera Mahkota here. The brainchild of Sultan Pahang Sultan Ahmad Shah, the construction of the complex sprawled on a 0.92-hectare (2.38 acre) site took off with a ground breaking ceremony officiated by the Sultan himself, Monday. Scheduled for completion in early 2008, the complex will be equipped with 56 rooms in two blocks which can accommodate about 200 orphans. It will have an administration office, library, surau, dining hall and four warden quarters. The Project Coordinator, Datuk Hashim Abdul Wahab said the orphans housed at the complex would be brought up in an upright atmosphere through formal education, religious study and physical education as well as emphasising on good personal conduct.
ATLANTA, Oct. 16 /PRNewswire/ -- ASHTON WOODS USA L.L.C. (Bloomberg: ASHWOO) (CUSIP: 045086 AB 1), one of the nation's largest private homebuilders based on number of closings and revenues, today reported financial results for its fiscal first quarter ended August 31, 2006. .
WASHINGTON - Housing construction plunged in August, falling to the lowest level in more than three years as the once-booming industry showed further signs of a dramatic slowdown.
The Commerce Department reported Tuesday that construction of new homes and apartments fell by 6 percent, the third consecutive decline and a much bigger setback than analysts had been forecasting.
The weakness pushed the annual rate for construction down to 1.665 million units, the slowest pace since April 2003.
Meanwhile, wholesale prices edged up a modest 0.1 percent in August, and outside of energy and food, prices actually fell for a second straight month. That hadn't occurred in more than three years, the Labor Department said.
Analysts said the slowdown in inflation should reassure the Federal Reserve that it can continue to keep interest rates on hold.
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