153 corps in city are publicly-listed-A A +A
Friday, June 13, 2014
THE Securities and Exchange Commission-Davao Extension Office (SEC-DEO) reported that there were a total of 153
registered stock corporations, with a total paid-up capital of P122.03 million, in Davao City as of the first quarter this year.
But according to the data from SEC-DEO, registered corporations during the first quarter is 27 percent lower
compared to last year's 210 registered corporations with a total paid up capital of P185.93 million.
SEC-DEO director lawyer Javey Paul D. Francisco said the drop in registered stock corporations is not a significant
indicator of the economic activity or confidence in the city.
He said there are times when during the first quarter, there are only a few registered stock corporations but by the end of the year there will surge in the registrations.
The data issued also showed that there is a decrease in the registered partnerships in the city.
The data also showed that there was a drop in the registered partnerships from 38 during the first quarter of 2013 to 35 in the same period of this year.
Published in the Sun.Star Davao newspaper on June 14, 2014.