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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 representative of the Control Yuan gives a presentation in Taipei yesterday about a farmhouse owned by former Pingtung County commissioner Su Jia-chyuan, as the Control Yuan announced its resolution to impeach Su.
Photo: Fang Pin-chao, Taipei Times

The Control Yuan yesterday voted 6-4 to impeach former Council of Agriculture (COA) chairman Su Jia-chyuan (蘇嘉全) for illegally constructing a luxury farmhouse on agricultural land without engaging in any agriculture.

“Su used his administrative privileges during his terms as Pingtung County commissioner, minister of the interior and COA chairman to build a farmhouse on an agricultural land as a mansion for his own use. None of the equipment or the remaining land were found to be used for agriculture, which constitutes a violation of the Agricultural Development Act (農業發展條例),” the Control Yuan told a press conference following a meeting to discuss the case.