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Price: 75p (ir 1.05 eurO) Tuesday, august 7, 2012

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Concern at visit of violent US faith healer

BY adam kula and mark raineY
newsdesk@newsletter.co.uk

Business
Local favourites lead taste challenge
PAGE 25
newry-based colman Equity is on the hunt for business start ups whos star is in the ascent to take part in a major online international TV competition. organiser diane roberts of colman Equity said it was a chance in a lifetime for a fledgling local firm

inSide

News Letter, Tuesday,

August 7, 2012

23

POUND/EURO

DOWN 0.0052 AT 1.2580

POUND/DOLLAR

DOWN 0.0029 AT 1.5619

Business home and away

PAGES 28&29

Sinking Euro a boon to Brits on holiday

PAGE 33

WIN
The Summer Experience package includes:
Three nights luxury accommodation for you and a guest Full Irish breakfast each morning A lunch in the hotels Town Hall Bistro A dinner in the newly refurbished Brendan ORegan Room restaurant on the evening of your choice Chocolates in your room on arrival A mini facial or back massage at nearby Madelines Day Spa & Beauty Clinic. Use of bikes so that you can head out into County Clare and stop off when you like and where you like at all the picturesque spots. A guided Burren National Park walk departing from the Burren Centre, Kilfenora at 2.30pm (rain or shine) every Tuesday, Thursday, Friday, Saturday or Sunday.

Competition

by a further 0.4 per cent newsdesk@newsletter.co.uk petitive and our historic However, Dr Esmond this year. Birnie, PwC on steady public spending reliance chief economist in Northern says that, if the eurozone Ireland means that Westminsters growth ALMOST 11,000 Northern austerity crisis is programme resolved, or at least is hampering the ExecIreland diminishes, the utives private sector jobs have region could see some ability been lost in modest re- infrastructure to commission major the last two years covery and growth as the eurozone programmes. in 2013, crisis and public primarily by manufacturing driven If the eurozone crisis spending conis dealt exports. straint take their toll with, we can Over the of exports and investment. confidence, ern Ireland past two years, North- gin next year;expect recovery to behas continued to attract but if the Thats according ens we are facing very crisis deepoutside investment to the latest serious probNorthern Ireland Economic ment by externally and reinvest- lems indeed. Outlook owned firms al(NIEO), published today ready operating here. The latest PwC Northern [Tuesday 7 Ireland August] by business Economic Outlook A number of our advisors, Price says that beWaterhouse Coopers facturing exporters larger manu- tween March 2010 and (PwC). have also been the March PwC says recovery has successful in export region lost around 10,970 2012, markets stalled and, have jobs in the private sector, with while UK growth even seen some modest and we will remain flat the growth impact being construction greatest during 2012, the Northern in manufacturing employment, and rehe tail, which lost economy has been steadily Ireland said. 5,710 and 5,820 jobs contractrespectively. ing since mid 2011 The problem is that and will shrink companies too few local Over the same period, are internationally around 500 com- jobs went in financial services, 230 in

BY AndrEA McKErnon

11,000 jobs lost in Provi eurozone crisis hits, say nce as s PwC
food processing and 100 in tourism and leisure. The only sector to grow ment was manufacturing employwhere job numbers increased by 1,390 over the two years to March 2012. PwC says that redundancies are still at worryingly high far in 2012, 1,249 people levels. So their jobs and in March have lost were 372 redundancies, alone there the highest monthly total since November 2009. These have been partially offset new foreign direct investment announcement over the months, which will result past four in over 270 new jobs. Mr Birnie said if the eurozone crisis worsens, the impact economies will be harsh. on regional The simmering eurozone crisis continues to sap investor and sumer confidence worldwide. conIn its latest warning, the Monetary Fund (IMF) International says that, despite the havoc the crisis has already wreaked, the worst could come, possibly causing be yet to eurozone economies to shrink by a further five per cent. Dealing with further eurozone shocks is beyond the influence of both the UK government and the Stormont Assembly and if the IMFs fears are realised, the UK and Northern Ireland could still be mired in recession in 2013. This would trigger lic spending austerity, further pubwhich would almost certainly continue for perhaps another three or four years, he warned.

THE search is on for of a final three business startups selected to to four star quality to take with pitch live on the This week outside other locations of the USA, so in a TV programme part in Start-ups web-blog. our local entrepreneurs with It is part a one in a lifetime chance television of the US web are getting a head start network TWiST other to pitch their ideas on regions of the world compete with a line and and widely considered in up accessing this high international hopefuls. of one of the top online value network. TV shows watched Newry-based by Colman prominent The prize, to pitch Equity is offering investors and their 10 entrepreneurs business idea to a outstanding around the prestigious start-up world and audience made companies the opportunity viewed 200,000 times a week. over up of investors, seasoned to pitch their business executives Northern and fellow ideas and compete on an has a vibrant Ireland start-up entrepreneurs, international stage start-up could make for community the difference the attention of a and this in helping global competition network of investors. provides businesses one of these a unique The opportunity awareness achieve global local private to and success, showcase investment our she said. fund firm brightest ideas is spearheading The competition which the new companiesand best competition which to an takes place is at the Northern sponsored by Tughans and international audience, Ireland and said Diane Roberts, Science Invest Northern Ireland. Park CEO on Friday of Colman Equity. September 7 It will see the start-up from 4.30pm 9pm. The TWiST network businesses battle to For more details be one has only taken its show thisweekinstargo to www. tups.com.

Search for local star startu ps

at the charming Old Ground Hotel, Ennis, County Clare

AN INDULGENT SUMMER EXPERIENCE

We all love escaping everyday life and treating ourselves to mouth-watering breakfasts, delicious dinners and a little something sweet, all in the stunning surrounds of the Irish countryside. Thanks to the Old Ground Hotel in Ennis, County Clare one lucky reader will win one of their Summer Experience breaks lled with everything you could wish for from a getaway.

Private sector loses 11,000 jobs in two years

Business pull-out inside

HOW TO ENTER:

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AN American faith healer who claims to cure people by kicking them in the face has been invited to preach in Portadown next month. Controversial evangelist Todd Bentley (pictured) has caused uproar in the US using methods which also include choking people and pushing them over. Bentley is currently touring the US but is scheduled to

preach in Norway and England before coming to Co Armagh on September 3. Several internet videos of Bentleys all-action stage routine show him demonstrating his techniques. In one video he tells an enthralled congregation that the gift of faith comes upon him and guides his actions. Referring to his treatment of a disabled lady at one event, the heavily-tattooed preacher said: The Holy Spirit spoke to me. He said kick her in the face with your biker boot. Turn to page 5

Q.: Finish the name of the famous rock band, The Rolling: A. Pebbles B. Rocks C. Stones
Text BFL (space) HOTEL (space) followed by your answer A, B or C, name, address including postcode and email address and send to 61500 Or you can enter online at www.newsletter. co.uk, then click Community and select Readers Competitions.

Win a summer experience in Ennis, Co Clare

Yourscenicwalktakesyouthroughanareaofoutstanding natural beauty with limestone pavements, turloughs, wild goats, great wallscapes and the world-famous Arctic/ Alpine/Mediterranean mix of wild owers... all against the backdrop of hilltop cairns and 19th century potato cultivation ridges. Even if youre not lucky enough to win, the Summer Experience package is available at great rates now!

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Standard JP competition terms and conditions apply. These can be found at http://www.johnstonpress.co.uk/jpplc/competition/ or contact the Promotions team at 2 Esky Drive, Carn,BT63 5YY. Texts cost 1 plus your usual network rate. Winner(s) will be selected at random from all correct entries received. The judges decision is nal. Terms and conditions apply. Prize is as stated, no cash alternatives. Lines close at midnight Wednesday. By supplying your telephone number youre happy to receive SMS messages from Johnston Press and its approved business partners. Johnston Press (or via its agents) and its business partners may contact you about new promotions, products and services. Please add the word STOP at the end of your message if you do not wish to receive these. Please note if you should enter after the stated closing date your entry will not be valid but you still may be charged. For quality and training purposes we may monitor communications. SMS service is provided by Velti DR Ltd SE1 8ND - 020 7633 5000.

Old Ground Hotel, Ennis, County Clare

The Queen inspects the Guard of Honour as she starts 8127 annual +353 65 682 her Web: summer holiday at Balmoral, in aberdeenshire. The Queen met the www.ynnhotels.com mascot of the royal regiment of Scotland a Shetland pony called PiCTure: mark Owens/Pa Wire Cruachan iii during the inspection

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Border signs welcome visitors

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