According to the Statistics and Census Bureau, 338 firms in the city of Macau were in the process of closing down in the first half of the year.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Statistics and Census Bureau<\/em><\/strong> has revealed figures that show 338 companies were in dissolution in the first half of the year.<\/p>\n\n\n\n The companies represent a total value of registered capital of MOP106 million (US$13.2 million).<\/p>\n\n\n\n The number is 20 per cent lower than the 421 closures registered in the same period last year. According to figures, the total number of companies registered in Macau at the end of the second quarter of 2020 actually increased by 4,498 to 73,540.<\/p>\n\n\n\n At the beginning of the Covid-19 pandemic, the number of newly incorporated companies fell by 25.6 per cent year-on-year, with 2,438 new companies created and the total value of newly registered capital falling by 89.4 per cent to MOP360 million (US$45 million).<\/p>\n\n\n\n The Macau Legislative Assembly has approved legislation authorising the government to contract debts up to MOP2.2 billion (US$275 million) to guarantee credit to small and medium-sized enterprises (SMEs) affected by the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":" According to the Statistics and Census Bureau, 338 firms in the city of Macau were in the process of closing down in the first half of the year.<\/p>\n","protected":false},"author":2,"featured_media":8720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Statistics and Census Bureau reported 338 company dissolutions in H1, a 20% decrease year-on-year, with a total registered capital of MOP106 million. Despite this, the total number of registered companies increased by 4,498 to 73,540 by Q2 2020, even as new incorporations and their registered capital significantly declined due to Covid-19. The Macau Legislative Assembly has authorized MOP2.2 billion in debt to guarantee credit for SMEs impacted by the pandemic.","focusai_entities":"Statistics and Census Bureau, Macau Legislative Assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Gaming GGR?","query":"What is the projected impact of Macau's overall business closures and new company formation trends on the jurisdiction's Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for the upcoming fiscal periods?"},{"label":"SME Credit Utilization?","query":"What are the anticipated uptake rates and efficacy metrics for the MOP2.2 billion SME credit guarantee program, and how might this influence the broader economic recovery trajectory in Macau?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-8718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8718"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8718\/revisions"}],"predecessor-version":[{"id":777017318,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8718\/revisions\/777017318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8720"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}