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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

The controversy over President Ma Ying-jeou’s (馬英九) US green card status flared up again after recent cables released by WikiLeaks ignited a fresh round of accusations between the Chinese Nationalist Party (KMT) and the Democratic Progressive Party (DPP) yesterday.

The cables, dated between February and June 2008, recently released by WikiLeaks showed that KMT heavyweights had visited the American Institute in Taiwan (AIT) and asked the US to clearly explain Ma’s green card status before the 2008 presidential election.

After Ma defeated DPP presidential candidate Frank Hsieh (謝長廷), who had accused Ma of still holding a green card, in the 2008 presidential election, KMT politicians expressed their appreciation for the US’ impartiality toward the “dirty tricks” that the DPP had staged.