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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

Supporters of Taiwan in the US Senate Armed Services Committee added a requirement for a presidential report on the status of the Taiwanese Air Force in next year’s National Defense Authorization Act passed on July 23, the latest edition of Defense News reported.

Defense News quoted Andrew Yang, secretary-general of the Taipei-based Chinese Council of Advanced Policy Studies, as saying that the requirement would likely push for the sale of the 66 F-16C/D fighter aircraft requested by Taiwan in 2006.