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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

Calls from the public and the Democratic Progressive Party (DPP) to release former president Chen Shui-bian (陳水扁) on medical parole were denied as Minister of Justice Luo Ying-shay (羅瑩雪) yesterday said the prison where Chen in being held is more than capable of handling Chen’s health concerns, as he still observes normal schedules for activities and is eating and drink normally.

Luo rejected claims that there were political forces at work in the move, adding that all decisions were based on legal guidelines.