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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

Upset about a NT$14 billion (US$485.5 million) budget to continue construction of the Fourth Nuclear Power Plant in Gongliao District (貢寮), New Taipei City (新北市), that was passed by the legislature on Monday, anti--nuclear protesters yesterday rallied in front of the Legislative Yuan in Taipei to demand a referendum on the matter.

The rally organizer, the Taiwan Environmental Protection Union (TEPU), said the Fourth Nuclear Power Plant was a patchwork design assembled by Taiwan Power Co (Taipower), and could threaten the health of people living in Taiwan.

TEPU attempted to submit a petition to the legislature yesterday, asking for the decision to allow operation of the Fourth Nuclear Power Plant to be decided by public referendum, “but they won’t let us inside,” TEPU secretary-general Lee Cho-han (李卓翰) said.