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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


Democratic Progressive Party legislators Chen Ou-po, Yeh Yi-jin and Huang Wei-che hold a press conference in Taipei yesterday, alleging that the Atomic Energy Council purchased a forged report on pressure measurements at nuclear power plants in Taiwan.
Photo: Chien Jung-fong, Taipei Times

The credibility of state-owned Taiwan Power Co (Taipower, 台電) took another hit after allegations of an allegedly fraudulent stress test report and a corruption probe involving a transformer procurement deal, Democratic Progressive Party (DPP) lawmakers said yesterday.

Citing media reports and remarks from Green Consumers Foundation chairman Jay Fang (方儉), DPP Legislator Chen Ou-po (陳歐珀) told a press conference that Taipower “has been lying all the way about its performance and nuclear safety.”