He added that numerous other large sectors exist in the informal economy, including automotive, construction, catering, car washes, and bakeries. “If you take a mirror to the formal economy ...

This, they believe, would encourage more businesses to join the formal economy and improve documentation. The PCDMA strongly recommended the discontinuation of the Export Facilitation Scheme (EFS ...

These rumours raised concerns that the Government might be planning to bring high-value digital payments under the indirect tax framework to improve compliance and widen the formal economy.

By creating a regulated platform for crypto trading, the Central Bank and Finance Ministry aim to integrate digital assets into the formal economy, potentially reducing reliance on traditional ...

The finance minister underlined efforts to expand the formal economy, stating that a large volume of cash remains in circulation. He said modern tools like digital audits, track-and-trace systems ...

Many are asking why the government allows this massive cash flow to persist outside the formal economy — especially when taxing it could generate 220 billion baht annually and reduce social harm.

“This means even the smallest miners can now participate in the formal economy and benefit from the 5 percent incentive – a move that further incentivises legal deliveries over illegal channels ...

For years, the economy has been under pressure ... The currency volatility limits formal sector production and undermines companies’ and individuals’ planning.” Macroeconomic pressures ...

Marina Ahmad, Labour chair of the Assembly’s economy culture and skills committee, said: “Retail is now moving online, presenting a tough challenge for independent business and the big chain ...

Save big on TribFest tickets! Prices increase May 1. Independent news. Trusted by Texans. Support us. By Sneha Dey, Yuriko Schumacher and Rob Reid April 24, 2025 The Texas Education Agency ...