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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, October 30: China has produced fake propaganda films in recent weeks where Tibetans and Tibetan officials in occupied Tibet have been forced to act and speak against the ongoing spate of self-immolations in Tibet.

Phuntsok, a 20-year old Tibetan monk from Ngaba region of Tibet who set himself on fire last March calling for freedom in Tibet and return of His Holiness the Dalai Lama has been ‘depicted’ in the film.