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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

The Democratic Progressive Party (DPP) yesterday alleged that President Ma Ying-jeou (馬英九) and former presidential spokesman Lo Chih-chang (羅智強) violated the Anti-Corruption Act (貪污治罪條例) when they turned Ma’s Facebook page from a state property managed by the Presidential Office into a private asset managed by Ma’s re-election campaign office without following proper procedures.

The Presidential Office set up Ma’s Facebook page in late January and its management was transferred to Ma’s re-election campaign office on July 2.

According to DPP spokesman Chuang Ruei-hsiung (莊瑞雄), changes of ownership or rights of operation of all national property should go through open, selective or limited tendering procedures in accordance with the Public Procurement Act (政府採購法).