Macau finance minister steps down for āpersonal reasonsā
Macauās finance minister has resigned over āpersonal reasons,ā prompting the cityās chief executive to temporarily assume his duties until a new candidate is appointed.The cabinet change took effect on Thursday after Chinaās State Council approved the removal of Tai Kin-ip from the post of secretary for economy and finance, in accordance with Macauās Basic Law and the recommendation of Chief Executive Sam Hou-fai.Tai, 57, who only assumed the senior role in December 2024, said he had earlier submitted his resignation to Sam for āpersonal reasons,ā according to a government press statement.āI will, as always, continue to care for and support the chief executive and the government in governing according to the law, and contribute to Macauās various development initiatives,ā he said.He also e...