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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


A UN flag flies over the main entrance of the UN’s Palais des Nations building in Geneva, Switzerland, on Sept. 29.
Photo: AFP

The Ministry of Foreign Affairs (MOFA) yesterday urged the UN not to yield to China, stressing that UN Resolution 2758 does not say that the People’s Republic of China (PRC) can represent Taiwan.

The ministry issued the remarks as Monday next week marks the 50th anniversary of the resolution, which gave the Repulic of China’s seat in the UN to the PRC.