MACAO - A total of 3,278 new companies were incorporated in Macao in the first half year of 2019, and their total value of registered capital surged by 647 percent to three billion patacas (about $372.67 million), the special administrative region's statistic service said here on Monday.

The latest report from the Statistics and Census Service (DSEC) showed that the number of companies in dissolution totaled 421 in the first half year of 2019, and the value of registered capital of companies in dissolution amounted to 157 million patacas (about $19.50 million).

At the end of June, the number of registered companies totaled 69,042, an increase of 5,255 from a year earlier.

The DSEC report added that in the second quarter of 2019, a total of 1,665 new companies were incorporated, decreasing 55 year-on-year.

The total value of registered capital in the second quarter soared by 879.6 percent to two billion patacas (about $248.45 million), due to the incorporation of companies with large capital in transport, wholesale and retail sectors.

Companies in dissolution totaled 211 in the second quarter, and the value of registered capital of companies in dissolution amounted to 76 million (about $9.44 million).