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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

Security officers drag away a man who was lying in the road and obstructing a van taking former president Chen Shui-bian from Taoyuan General Hospital back to Taipei Prison yesterday.
Photo: CNA

Former president Chen Shui-bian (陳水扁) was yesterday returned to Taipei Prison after receiving medical treatment at a hospital in Taoyuan County.

Chen, who is serving a 17-and-a-half-year sentence for corruption, was granted a temporary release from Taipei Prison on March 6 for a medical checkup at Taoyuan General Hospital. Chen was found to be suffering from acute coronary syndrome and underwent a cardiac catheterization on Thursday.