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.