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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

President Ma Ying-jeou’s (馬英九) approval ratings and confidence index reached new lows this month, a poll by the Chinese-­language Global Views (遠見) magazine showed yesterday.

The poll, conducted by the Global Views Survey Research Center, put Ma’s popularity at 23.2 percent, down 0.3 percentage points from last month, while his trust index dropped 1.6 percentage points from last month to 36.4 percent.