Richard Treco, Ministry of Tourism marketing manager, explains the thinking behind the annual series of flotillas that sail from Florida to The Bahamas through June and July. Watch an interview with Treco here.

A series of commemorative stamps to mark the 2012 London Olympic Games was issued by the Post Office Department on June 26.

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Tourism Minister Obie Wilchcombe says that the new multi-million dollar resort and casino facility being built in Bimini will bring revenue and employment to the Family Island. Watch an interview with Wilchcombe here.

Bahamian cuisine was represented at The Taste of The Caribbean culinary arts competition held in Miami. The Bahamian team won several awards in a variety of categories. Watch interviews with the team here.

ST. LOUIS, July 12, 2012 /PRNewswire/ — (NYSE: DOX), the leading provider of customer experience systems and services, today announced that Cable Bahamas Ltd., the largest triple-play (cable TV, broadband, voice) provider in the Bahamas, has signed a five-year extension for license and services for Amdocs CES Multi-Play Smart Pack, a pre-integrated customer care and billing solution for cable operators with convergent offerings.

The Amdocs solution will support Cable Bahamas’ expansion into voice services, while continuing to support its cable TV and broadband services. Amdocs Multi-Play Smart Pack will enable Cable Bahamas to deliver converged services while providing a single view of its customers across all its lines of business.

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The multi-million dollar mega-resort Baha Mar development on Cable Beach hit another milestone this week with the construction of its landmark casino tower reaching 100ft.

Prime Minister Perry Christie attended a brief ceremony held at the site July 11, 2012.

The Prime Minister said: “Whenever a project that is the single largest project ever contemplated and executed in the region is taking place and being on time and on schedule, it is worthy of commendation.”

“The many job opportunities being created for Bahamians during construction and perhaps more importantly the several thousand permanent jobs that will be created when the resort opens, bodes well for the country’s future economic growth.”

Prime Minister Christie said that the achievement of reaching the 100 ft milestone builds credibility for the project and manifests strong confidence in the government and people of The Bahamas.

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Heads of government of the Caribbean Community (CARICOM) have agreed to the establishment of a Caribbean Investment Programme to stabilize failing economies in the region.

This was agreed at the 33rd Regular Meeting of the Conference of Heads of Government of the Caribbean Community held July 4-6, 2012, at Gros Islet, Saint Lucia.

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A delegation from the Perry Christie administration toured the multi-million dollar Baha Mar development at Cable Beach. Watch a video of the event here.

Government debt, Independence Day sales and the recent CARICOM meeting in St Lucia top the agenda in this week’s ZNS Business Beat news broadcast. Watch the full report here.

The 13th Annual People’s Love & Unity Rush Independence Junkanoo took place July 10 in Rawson Square. (BIS Photos / Patrick Hanna)

UPDATED: NEW PHOTOS (JULY 12)