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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


The US national flag flies over the American Institute in Taiwan compound in Taipei’s Neihu District during the building’s dedication on June 12.
Photo: CNA

The US is to station Marine security guards at the American Institute in Taiwan’s (AIT) new complex in Taipei’s Neihu District (內湖), which is to begin operations in September, sources familiar with the matter said.

The mission of Marine security guards is different from that of other US Marines, whose primary mission is combat, the sources said.