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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

A National Human Rights preliminary report scheduled to be released by the Presidential Office later this month should include a review of the Referendum Act (公民投票法), which deprives people of their rights, a number of academics said yesterday.

The act, enacted in 2003, has been dubbed “birdcage” legislation because of the unreasonably high threshold needed to launch a referendum drive.

The act stipulates that a referendum proposal, after completing a first stage whereby signatures from 0.5 percent of the number of eligible voters in the previous presidential election have been collected, must obtain approval from the Referendum Review Committee before it can proceed to the next stage, which involves collecting signatures from 5 percent of voters.