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Health minister resigns over premium dispute

Tuesday, 09 March 2010 08:28 Taipei Times

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

Monday, 08 March 2010 09:30 Taipei Times

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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Page 221 of 250

Newsflash

Taiwan hopes to join like-minded nations under the democratic umbrella and jointly counter authoritarian aggression, President William Lai (賴清德) said in a prerecorded speech during the annual Concordia Summit in New York on Tuesday.

Lai addressed the summit via video at Concordia’s invitation, using the opportunity to speak on the issue of Chinese aggression toward Taiwan and Beijing’s distortion of UN Resolution 2758.

Lai’s comments came on the heels of the 79th session of the UN General Assembly, which opened on Tuesday.