Tag Archives: Business

SUCCESS: Grew Up Poor Jamaican, Multimillionaire Entrepreneur; Harvard Orthopedic Spine Surgeon

Grew Up Poor Jamaican, Multimillionaire Entrepreneur, Harvard Orthopedic Spine Surgeon

Dr. Kingsley Chin

“I wanted to prove to myself that I could rise to the highest level of success.” Dr. Chin sits down with Ian Boyne to tell his story, from struggle to strength and success, and explains why he wants to be “the most successful businessman to ever come out of [his] home country in Jamaica.”

For the past 10 years, Dr. Kingsley R. Chin built a billion dollar portfolio of health and technology companies as the CEO and managing partner at KICVentures, an investment firm he co-founded in 2005. Dr. Chin is a Harvard trained orthopedic spine surgeon with business and information technology experience who sees a niche opportunity where medicine, business, and information technology meet, and is uniquely experienced at the intersection of these three professions.      Continue reading

GUYANA: COVID-19: Nurses at three hospitals protest for better pay and working conditions

Nurses’ industrial unrest breaking the law; President shrugs claims of unjustifiable spending

Nurses protesting in Georgetown

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Guyana, ExxonMobil about to ink Payara oil well approval

— Hefty fines for flaring, dumping untreated water

Guyana is on the verge of signing an agreement with ExxonMobil for its Payara Development Plan that would provide for hefty fines for flaring and the dumping of untreated water back into the sea, Minister of Natural Resources Vickram Bharrat said Friday.

He told News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News that the actual fines were still under discussion and would be ironed out before the draft agreement is approved by Cabinet and make way for its signing.

“We have managed to negotiate on a number of environmental issues…..flaring will carry a fine. Water will have to be treated to international standard before dumping. I think we have a better agreement than Liza,” he said.          Continue reading

Guyana: Coronavirus hitting businesses hard – Cuban shoppers gone

The COVID-19 impact on Shanta’s Puri Shop

Fears over the deadly Coronavirus (COVID-19) have been taking a toll on Guyana’s business sector as many of them have either closed or scaled back operations.

Many Chinese-run businesses in Guyana which depend on all-week shopping by Cuban traders, have closed their doors, so too are several local businesses and fast food enterprises. It is estimated that each Cuban comes to Guyana with at least US$3,000 to purchase clothing, electronic equipment and electrical appliances to take back to Cuba to sell.          Continue reading

ExxonMobil ups Guyana recoverable resources to more than 8 billion barrels, makes discovery at Uaru

Oil discoveries, including dry holes and the latest, Uaru.

IRVING, Texas – ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block.

The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019. The Uaru discovery is the first of 2020 and will be added to the resource estimate at a later date.          Continue reading

Guyana: Pres. Granger commissions new power station in Bartica

—  solar farm plans moving ahead

The new Bartica Power Station.

President David Granger Saturday morning December 28, 2019 commissioned a US$3.4 million power station at Dogg Point, Agatash in Bartica, Cuyuni-Mazaruni (Region 7), where he noted that it will bring unprecedented relief to residents who have experienced severe power outages over the years.

The President in his address at a simple ceremony, said it is inconceivable that Guyana can be on a path of development and ignore the evolution of its hinterland communities.          Continue reading

ExxonMobil updates on oil exploration, local jobs and content at GIPEX 2019

ExxonMobil oil exploration served up 1,700 Guyanese jobs, GYD$36 billion to local businesses; gov’t crafting Guyana local content policy

ExxonMobil’s Senior Vice President Hunter Farris

ExxonMobil (Guyana) on Wednesday played up the local benefits of its operations in Guyana over the last few years, even as government’s Energy Department said it was crafting a local content policy that is relevant to Guyana.

Addressing the opening of the Guyana International Petroleum Business Summit & Exhibition (GIPEX-2019) at the Marriott Hotel, ExxonMobil’s Senior Vice President of Upstream Oil & Gas Company, Hunter Farris said so far more than 1,700 Guyanese or 50 percent of the 3,400 people in Guyana have worked in his company’s exploration and project activities directly.      Continue reading

Guyana: Pegasus Hotel owner denies entering politics because he didn’t get tax breaks

Pegasus Hotel – Guyana

Leader of Change Guyana (CG), Robert Badal on Tuesday bluntly denied entering Guyana’s electoral race because he did not get 50 percent of concessions that he was “entitled to” from the government for the construction of the Pegasus Suites and Corporate Centre.

“The plain answer is no… The answer is no. Let’s move on,” he said as he became impatient with persistent questions about whether he was upset, angry or aggrieved that he did not get all of the tax breaks. “We need questions on the issues. That’s why we called you guys. I said my motivation is the plight of the Guyanese people and we’re addressing the electricity sector,” he told a news conference.        Continue reading

Guyana can learn global oil industry standards from TT– Energy Chamber of Trinidad Tobago assures

  —“No, Trinidadian companies are not coming to take over”; 

ECTT CEO, Dr Thackwray Driver

The Energy Chamber of Trinidad and Tobago (ECTT) on Wednesday sought to dispel concerns that businesses from that twin-island Caribbean Community (CARICOM) member state are coming to Guyana to dominate the oil sector, instead saying that they are grasping business opportunities hinged on 100 years of experience and international safety standards.

ECTT Chief Executive Officer, Dr Thackwray Driver rubbished claims by sections of Guyana’s business community that Trinidadians are coming here in droves to take over the oil sector.    Continue reading

“APNU is not against cash grants” from oil revenues but more information needed – Granger

— WPA ready to negotiate modified proposal

President David Granger

President David Granger on Wednesday sought to dispel concerns that he is opposed to direct cash transfer of some oil revenues to Guyanese, even as the Working People’s Alliance (WPA) signaled that it was ready to modify its proposal with other political parties in A Partnership for National Unity (APNU) whenever those talks begin.

“There has been a lot of speculation and we ask that people put figures to their intention before we make any public discussion but the APNU is not against cash grants. It needs to know more so it can make a proper announcement to the people of Guyana,” the President said.              Continue reading