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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

Taiwanese and Tibetan activists are urging Taiwan’s government to show greater concern over poor human rights conditions in China, and especially Tibet, that have led Tibetans to set themselves on fire in protest.

Chow Mei-li (周美里), chairwoman of the Taiwan Friends of Tibet, said she believes Taiwan’s government has the ability and is obliged to influence China on the issue as the two sides “have many channels of communication open.” With leaders in Taiwan and China able to communicate frequently, it is Taiwan’s responsibility to urge Beijing to respect the human rights and religious freedoms of Tibetans, she said.