Newly registered firms drop 25.6 pct in H1

2020-08-06 03:10
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A total of 2,438 new companies were registered in Macau in the first half of this year, down by 25.6 percent year-on-year, the Statistics and Census Bureau (DSEC) said in a statement yesterday.

The total value of registered capital fell 89.4 percent to 360 million patacas in the first six months.

At the end of the second quarter of this year, the number of registered companies in Macau totalled 73,540, an increase of 4,498 from a year earlier.

A total of 1,392 new companies were registered in the second quarter of this year, a decrease of 273 year-on-year. The total value of registered capital dropped 94.9 percent year-on-year to 111 million patacas in April-June period.

In the second quarter, 64 million patacas of the capital of the newly registered company originated from Macau, accounting for 57.6 percent of the total. Capital from the mainland totalled 11 million patacas, while capital from Hong Kong amounted to 10 million patacas.

In the second quarter, 1,114 newly registered companies had a capital under 50,000 patacas, or 80.0 percent of the total, while 14 new companies were registered with a capital of at least one million patacas. – Xinhua

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