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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

Questions as to whether President Ma Ying-jeou (馬英九) was misquoted during an interview with foreign media are once again the subject of discussion, adding to a long string of back-and-forth mix-ups.

The Government Information Office (GIO) on Saturday asked a Japanese daily to run a correction on comments about cross-strait relations that were attributed to the president during an interview published last week.

A report by the Yomiuri Shimbun which said that Ma had accepted the “one China” principle was “inconsistent with the facts,” the GIO said, referring to the interview transcript that has since been posted on the Presidential Office Web site.