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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

Taiwan is a “sovereign, independent country,” Democratic Progressive Party (DPP) presidential candidate William Lai (賴清德) told Bloomberg Businessweek in an interview, adding that he had no plans to purse formal independence.

“Taiwan is already a sovereign, independent country called the Republic of China,” Vice President Lai said, echoing a stance President Tsai Ing-wen (蔡英文) made public three years ago, in his first interview with an international media outlet since becoming vice president in 2020.

“And in respect to unifying Taiwanese society, President Tsai has used the term Republic of China (Taiwan) to describe our country. I will continue to do so in the future,” he said. “There are no plans to change the name of our country.”