BTC continues its 4G telecommunication upgrade in the Family Islands, while Sandals Resorts International has expanded its luxury chain with a property in Turks and Caicos. Watch all the ZNS business news here.
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Carolyn Hoy, director of Formula Kart Stars, accompanied a group of UK youngsters to The Bahamas so that they could experience Speed Week for themselves and perhaps be inspired to become racing car drivers in the future. Watch an interview with Hoy here.
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Ginger Moxey, vice president, Grand Bahama Port Authority; Ian Rolle, president, Grand Bahama Port Authority; Phil Carey, airport director; Godfrey Smith, chief executive officer, GBAC/FHC/FCP; Michael Darville, Minister for Grand Bahama; Ian Fair, chairman, Grand Bahama Port Authority Group of Companies; Minister of Tourism Obie Wilchcombe; Minister of State in the Ministry of Transport and Aviation, Hope Strachan; Henry St. George, vice president, GBPA; Sherry Brooks, corporate and government affairs director. (BIS Photo/Vandyke Hepburn)

Hope Strachan, Minister of State in the Ministry of Transport and Aviation, brings remarks on behalf of Minister of Transport and Aviation Glenys Hanna-Martin during the opening of the Grand Bahama Airport Co’s Fixed Based Operation at the Freeport International Airport, December 5. (BIS Photo/Vandyke Hepburn)

Officials say that around 3,000 gallons of oil leaked from a vessel off the coast of Grand Bahama earlier this week, making it a Tier 1 spill–the lowest classification category. Watch a ZNS television news report here.
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Financial Services Minister Ryan Pinder was a keynote speaker at a Bahamas Association of Compliance Officers conference held earlier in the week. Watch a ZNS television news report of the event here.
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Tourism Minister Obie Wilchcombe has said that Bahamians must provide the highest level of service in the industry to remain competitive in the global marketplace. He made the comments during a Speed Week event this week. Watch an interview with the Minister here.
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The Nassau Airport Development Co (NAD) has reported revenue of $55.9 million, up 19.7 per cent year on year, thanks to increased passenger arrivals largely due to new routes. Watch an interview with NAD president and chief executive officer Stewart Steeves here.
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Pictured: European Union Ambassador Designate, Paola Amadei (left) pays courtesy call on Fred Mitchell, Minister of Foreign Affairs and Immigration December 5, when she presented him with the Copie d’ Usage of the Letter of Credence. (BIS/Photo Raymond A. Bethel)

Aliya Allen, chief executive officer and executive director, Bahamas Financial Services Board (BFSB), was part of a panel discussion at the Financial Times 2012 Global Summit on International Financial Centres, held in London November 27-28.

The comprehensive two-day summit was sponsored under the broad theme: Delivering Competitiveness and Growth in the Changing Global Economy.

Allen responded to questions posed to her on the topic: Offshore Financial Centres (IFCs) – Are they good for the global economy?

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Pictured: Deputy Assistant Secretary of Western Hemisphere Affairs Liliana Ayalde, second from right, shakes hands with Francis Forbes, right, executive director of Caricom’s Implementation Agency for Crime and Security (IMPACS), following the launch of the US Assistance to Combat Arms Trafficking in the Caribbean at Caricom IMPACS headquarters in Port of Spain. Standing with Ayalde are Deputy Assistant Director of the US Bureau of Alcohol, Tobacco, Firearms and Explosives John Torres, left, and Bahamas National Security Minister Bernard Nottage. (Photo/Jermaine Cruickshank)

The United States will be providing $3.43 million for a programme to combat illicit trafficking in firearms in the Caribbean, which will include forensic training and officer exchange programmes.

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