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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

The Democratic Progressive Party (DPP) yesterday criticized the “I am a R.O.C.er” T-shirt introduced by President Ma Ying-jeou’s (馬英九) re-election campaign office, saying it could mislead the international community as there are nations other than the Republic of China that use the acronym ROC.

Ma’s campaign office seems to have a national identity crisis, DPP spokesperson Liang Wen-jie (梁文傑) said, adding that according to the Ministry of the Foreign Affairs’ Web site, other countries such as the Republic of Croatia, Republic of Cameroon, Republic of Cuba, the Republic of Chile, Republic of Cyprus, Republic of Chad, and the Republic of Columbia, use the abbreviation ROC.