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Health minister resigns over premium dispute

Department of Health Minister Yaung Chih-liang (楊志良) tendered his resignation in a shock move yesterday, saying he could not fulfill Premier Wu Den-yih’s (吳敦義) request that 75 percent of the insured be exempted from a proposal to increase national health insurance premiums.

Wu rejected Yaung’s resignation late last night, however. Executive Yuan spokesman Johnny Chiang (江啟臣) said the premier hoped Yaung would stay in the position.

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China sees bank risks in local-government financing

Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks.

“When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing yesterday. “In the future, if land prices fall, there may be a difference in the assessment of the loan.”

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Newsflash


A woman yesterday prays at a makeshift memorial set up in Nara, Japan, after former Japanese prime minister Shinzo Abe was shot dead near the site.
Photo: AFP

Former Japanese prime minister Shinzo Abe was yesterday assassinated on a street in western Japan by a gunman who opened fire from behind as he delivered a campaign speech.

The 67-year-old Abe, who was Japan’s longest-serving leader when he resigned in 2020, collapsed bleeding and was airlifted to a nearby hospital in Nara, although he was not breathing and his heart had stopped.