BUSINESS Macao's new companies increase in Q3


Macao's new companies increase in Q3


13:22, November 06, 2020

A total of 1,720 new companies were incorporated in Macao in the third quarter this year, an increase of 294 year-on-year, the special administrative region (SAR)'s statistics service said on Friday.

Photo taken on Dec. 18, 2019 shows a view near the Oriental Arch monument in Macao, south China. (Photo: Xinhua)

Information from the Statistics and Census Service (DSEC) also indicated that the newly incorporated companies operating in wholesale and retail trade and business services totalled 646 and 417 respectively. The total value of registered capital fell by 80.5 percent year-on-year to 105 million patacas.

In the first three quarters of 2020, a total of 4,158 new companies were incorporated, down by 11.6 percent year-on-year. Total value of registered capital fell by 88.2 percent to 464 million patacas.

At the end of the third quarter, the number of registered companies in Macao totalled 75,095, an increase of 4,852 from a year earlier. (One U.S. dollar equals to 7.99 patacas)

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