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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


Chinese Nationalist Party (KMT) Taipei City Councilor Lai Su-ju, second right, arrives for questioning in connection with a corruption investigation at the Taipei District Prosecutors’ Office on Wednesday evening.
Photo: CNA

The Taipei Prosecutors’ Office yesterday sought the court’s permission to detain a Chinese Nationalist Party (KMT) Taipei City councilor known for her close ties to President Ma Ying-jeou (馬英九), on suspicion of accepting bribes in the bidding process for the Taipei Twin Towers project.

Lai Su-ju (賴素如), a lawyer and former KMT spokeswoman who now runs Ma’s KMT chairman’s office, was accused of promising to help a multinational consortium win the bid for the project in exchange for NT$10 million (US$334,520).