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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


Academia Sinica associate research fellow Chen Yi-shen speaks at a forum in Taipei yesterday organized by the Taiwan New Century Foundation to mark the 71st anniversary of the 228 Incident.
Photo: Chu Pei-hsiung, Taipei Times

Chiang Kai-shek’s (蔣介石) obstinance when dealing with the aftermath of the 228 Massacre played a larger role in sparking the Taiwanese independence movement than the Chinese Nationalist Party’s (KMT) corruption after World War II did, Academia Sinica associate research fellow Chen Yi-shen (陳儀深) said yesterday.