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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

President William Lai (賴清德) yesterday emphasized Taiwan’s determination to defend itself and cooperate with other democracies to handle global challenges, in a meeting with former American Institute in Taiwan (AIT) chairman James Moriarty.

The nation is to continue strengthening its defensive capabilities and show its resolve to defend itself and democracy, he was cited as saying by the Presidential Office in a statement.

Taiwan would also maintain its cooperation with the US and other like-minded nations in dealing with global challenges posed by pandemics and climate change, he said.