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Kiwi dollar ‘forcing wine jobs overseas’-11August26

By Christopher Adams

The New Zealand dollar’s strength against the currencies of major trading partners is having a big impact on wine exporters’ profits and even resulting in jobs being shifted overseas, an industry group says.
New Zealand Winegrowers released its annual report this week, showing wine exports reached $1.1 billion in the year to June, a 5 per cent increase on the year before.
Total New Zealand sales (both export and domestic) lifted 11 per cent to 221 million litres.
New Zealand Winegrowers chairman Stuart Smith said that despite the lift in revenue, the kiwi dollar’s continuing strength against the British pound and US dollar was having a major impact on exporters’ profits.
To cut costs, some firms were exporting bulk wine – filling plastic bladders that get placed inside shipping containers – and having it bottled overseas, he said.
Smith said bottling jobs at wineries, as well as manufacturing positions at New Zealand bottle-making plants, were lost in the process.
“Effectively we end up exporting jobs offshore,” he said.
The New Zealand dollar, which soared to a post-float record of US88.42c this month, was trading at US82.7c and 50.2p against the British pound last night. Smith said the Government needed to step in and establish monetary policy that would put an end to the “wild gyrations” in this country’s currency.
Changes could include forcing banks to source more of their funding within New Zealand, he said.
“Other Governments have moved very quickly to adjust to the changing environment – New Zealand’s hasn’t.”
Smith said the Government should be thinking about what was best for New Zealanders – not what was best for Australian-owned banks.
“Our feeling is that if something isn’t done [about the strength in the kiwi dollar] we are going to see more and more New Zealand jobs migrate offshore,” said New Zealand Winegrowers chief executive Philip Gregan.
Gregan said the wine industry was in a much better position than it was three years ago, following the 2008 vintage. At that time, a bumper 285,000- tonne crop resulted in a 27-million litre oversupply – eroding wine, land and grape prices.
This year saw another large harvest (328,000 tonnes), but Smith said excess inventory had been “sold through” and the industry had confidence based on anticipated demand.
He said New Zealand Winegrowers had commissioned PricewaterhouseCoopers to conduct a strategic review of the sector..

Source: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10747009

Tourists and residents of Manila travel out of town to the north on a short getaway look for the best place in Clark for rest and relaxation.

Companies, even organizers, wedding planners and families are looking for Resorts and beaches near Manila for events and retreats. Frequently visited destinations for vacation spots this summer in Philippines are found in Angeles City, Clark, Pampanga, which is very accessible from Manila, Subic and Cebu.

Frequent travelers and visitors staying in Angeles City Pampanga Clark Philippines look for restaurants, coffee shops, bars, pubs, hotels and resorts in Clark that offer free internet connection to guests. There are some highly recommended places in Clark that offer good WIFI internet services.

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

Yats Restaurant and Wine Bar has its own special attraction for January 2010. Featured on the “special” menu are luxurious items that are guaranteed to make the dinners memorable. Saturdays in January are BYOB dinners which means that wine lovers can bring their own bottles to dine at Yats Restaurant without being charged corkage. BYO (Bring Your Own) is a special theme of Yats Restaurant which offers the biggest selection of fine and everyday wines anywhere in Asia.

http://www.YatsRestaurant.com

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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