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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


Student protester Hung Chung-yen, center, is taken to the Taipei District Prosecutors’ Office by police yesterday after being taken to the Taipei City Police Department’s Criminal Investigation Division for questioning.
Photo: CNA

National Taiwan University student Hung Chung-yen (洪崇晏) was arrested and handcuffed by police yesterday after he showed up for a protest in front of Zhongzheng First Precinct in Taipei.

Hung was taken to the Taipei City Police Department’s Criminal Investigation Division and in the evening was sent to the Taipei District Prosecutors’ Office for further investigation.