Macau finance minister steps down for ‘personal reasons’

Macau’s finance minister has resigned over “personal reasons,” prompting the city’s chief executive to temporarily assume his duties until a new candidate is appointed. The cabinet change took effect on Thursday after China’s State Council approved the removal of Tai Kin-ip from the post of secretary for economy and finance, in accordance with Macau’s 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...