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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

Legislative by-election candidate Enoch Wu (吳怡農) yesterday rebutted accusation leveled against him by his competitor of the Chinese Nationalist Party (KMT), saying that Taipei City Councilor Wang Hung-wei (王鴻薇) is “only talking negatively” about him, but does not have any policy proposals.

Wu, the Democratic Progressive Party (DPP) candidate in a by-election in Taipei to fill the legislative seat vacated by KMT Taipei mayor-elect Chiang Wan-an (蔣萬安), during the day held several campaign events and at night canvassed at Liaoning Street Night Market in the city’s Zhongshan District (中山).