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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

DHARAMSHALA, June 11: In reports just in, a Tibetan nun set herself on fire today in Tawu region of eastern Tibet in an apparent protest against China’s continued occupation of Tibet.

According to exile sources, the Tibetan nun set herself ablaze at around 5 pm (local time) in Tawu region of Kham.

The nun is yet to be indentified and no further details of her self-immolation protest are available at the time of filing this report.