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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

Democratic Progressive Party Legislator Lee Chun-yi calls on his audience to learn from history and protect Taiwan’s sovereignty at a march commemorating the 228 Incident in Chiayi County yesterday.
Photo: Wang Shan-yen, Taipei Times

Vice President Vincent Siew (蕭萬長) yesterday paid tribute to a prominent victim of the 228 Massacre, Dr Pan Mu-chih (潘木枝), at a commemorative exhibition held to mark the 65th anniversary of his execution and to honor his dedication to the development of democracy in Taiwan.