Operated by MUJI Hong Kong, the first MUJI store in Macau will open at The Venetian Macao today. It will offer the “most comprehensive merchandise assortment from the users’ perspective.” With a floor area of 21,000 square feet, the new store is the largest retail store in the Hong Kong and Macau region. The new store also features a home living thematic display area “so customers can find inspiration for living well in a spacious, comfortable store environment.” As of August, MUJI operated over 1,072 stores globally, including 493 domestic stores in Japan and 579 overseas stores. MUJI was established in Hong Kong and Mainland China in 2001 and 2005 respectively.
Forex reserves drop to MOP207b at end of November
The preliminary estimate of Macau’s foreign exchange reserves stood at 207.2 billion patacas at the end of November. The latest statistics from the Monetary Authority of Macao indicated the reserves decreased 1.1% from the revised value of 209.6 billion patacas for the previous month. The trade-weighted effective exchange rate index for the pataca fell 1.55 points month-on-month but rose 9.24 points year-on-year to 113.0 in November.
