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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


Representatives of Taiwan March, Taiwan Inversion and the Appendectomy Project yesterday announce a rally to be held on Sunday next to the Legislative Yuan in Taipei to back various demands for political reform.
Photo: Chien Jung-fong, Taipei Times

Several groups are planning to hold a mass rally next to the Legislative Yuan on Sunday to call for an end to what they say is the hereditary control of local politics and to back demands for reform of the Referendum Act (公民投票法).

Organizers, including Taiwan March, Taiwan Inversion and the Appendectomy Project, said the nation’s electoral politics require a major overhaul to ensure channels for direct democracy.