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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


President Tsai Ing-wen, right, talks to US Senator Cory Gardner, left, chairman of the US Senate Foreign Relations Subcommittee on East Asia, the Pacific and International Cybersecurity Policy, at the Presidential Office in Taipei yesterday.
Photo: CNA

Taiwan hopes to hold more frequent negotiations and discussions with the US on purchasing defensive weapons, which not only helps to maintain peace across the Taiwan Strait, but also benefits the US and other nations that cherish similar values, President Tsai Ing-wen (蔡英文) said yesterday during a meeting with US Senator Cory Gardner.