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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


National Communications Commission Vice Chairman Yu Hsiao-cheng gestures while unveiling a list of seven companies that will bid for up to seven 4G operation licenses at a press conference in Taipei yesterday. Yu said he hopes the super-fast 4G mobile Internet service will become operational next year.
Photo: Mandy Cheng, AFP

National Taiwan University (NTU) students and democracy activists are to commemorate former Carnegie Mellon University assistant professor Chen Wen-chen (陳文成) during a ceremony today which marks the 32nd anniversary of his mysterious death — a case that remains unsolved to this day.

They are set to gather at Chen Wen-chen Memorial Square on the NTU campus and pay tribute to the supporter of the pro-democracy movement at 6:30pm in a ceremony that has become an annual event.