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GONGGANTECH of Korea, introduces Earthquake-Resistant Ceiling lightweight Steel Frame that Will Change the Paradigm of Construction

pandora
3 minutes

Seoul, Korea, March 25, 2022 – (SEAPRWire) – GONGGANTECH is proud to announce the release of their newest model of earchquake-resistant ceiling lightweight steel frame, which will change the paradigm of construction. Established in 2002 as a construction company, GONGGANTECH Korea, develops construction safety technology and products based on 20-year know-how and experience in the construction industry. In particular, the level of GONGGANTECH’s technology for earthquake-resistant safety products is outstanding. Its product was awarded the presidential citation in 2018, selected as an excellent invention by Korean Intellectual Property Office in 2019, ranked in the top 10 excellent patents for industrialization in 2021, and certified as a promising small and medium-sized enterprise by the local government community. Attracting attention, the ‘Earthquake-Resistant Ceiling lightweight Steel Frame’ surpasses the limit of existing lightweight products, which have been used for the past 40 years and presents a new paradigm of lightweight steel structure. Existing products have been used even before the various equipment such as electricity, firefighting, communication, air conditioning, ...

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Yellen extends US debt limit default deadline to Dec 15

elean
2 minutes

WASHINGTON (REUTERS) - US Treasury Secretary Janet Ms Yellen on Tuesday (Nov 16) extended a deadline for a potential US government default to Dec 15 from Dec 3, giving Congress more time to raise the federal debt ceiling as lawmakers also consider a massive social spending and climate bill. Ms Yellen said in a letter to congressional leaders that the adjustment was "based on our most recent information," a reference to Treasury tax collections and cash flow data. She said the Treasury would be able to make a US$118 billion (S$160 billion) transfer to the Highway Trust Fund required on Dec 15, a month after President Joe Biden's signing of a sweeping infrastructure bill on Monday. But the transfer would count against the debt ceiling, as the funds would be invested in non-marketable Treasury securities. "While I have a high degree of confidence that Treasury will be able to finance the US government through December 15 and complete the Highway Trust Fund investment, there are scenarios in which Treasury would be left with insufficient remaining resources to continue to finance the operations of the US government beyond this date," Ms Yellen said. She repeated her call for Congress t...

SeaPRwire

Republicans withhold support for US debt ceiling increase

elean
3 minutes

WASHINGTON (AFP) - Republicans leaders in Congress on Tuesday (Sept 14) continued to withhold support for efforts by the Democratic majority to increase the United States debt ceiling. Treasury Secretary Janet Yellen warned last week that the government will run out of money next month unless lawmakers take action, and banking groups have urged Congress to move to prevent "irreparable harm" to the US economy. But Republican Senate Minority Leader Mitch McConnell said Democrats will have to resolve the issue on their own. "The Democratic leaders have every tool and procedure they need to handle the debt limit on a partisan basis, just like they are choosing to handle everything else," Mr McConnell said on the Senate floor. Congress is currently considering a US$1.2 trillion (S$1.6 trillion) infrastructure plan that has the backing of Democrats and some Republicans. Also on their agenda is a a massive social spending plan costing US$3.5 trillion over 10 years, which has only garnered the support of Democrats who plan to pay for it with tax increases on corporations and the wealthiest Americans. Mr McConnell objects to what he called a "massive reckless tax and spending spree". "When ...