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Newly registered firms drop 25.6% in H1

A total of 2,438 new companies were registered in Macao in the first half of this year, down by 25.6% year-on-year, the Statistics and Census Bureau (DSEC).

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A total of 2,438 new companies were registered in Macao in the first half of this year, down by 25.6 per cent year-on-year, the Statistics and Census Bureau (DSEC) said in a statement on Wednesday.

The total value of registered capital fell 89.4 per cent to MOP 360 million in the first six months.

At the end of the second quarter of this year, the number of registered companies in Macao 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 per cent year-on-year to MOP 111 million in the April-June period.

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

In the second quarter, 1,114 newly registered companies had a capital under MOP 50,000, or 80.0 per cent of the total, while 14 new companies were registered with a capital of at least MOP 1 million.

(The Macau Post Daily/Macau News)

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