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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

Dawa Tsering in an undated photo. (Photo/TCHRD)

DHARAMSHALA, September 17: A Tibetan self-immolator, who is reportedly making good recovery from his burn injuries, faces an uncertain future coupled with jail threats and a slim chance of re-entering his monastery.

Dawa Tsering, a monk at the Kardze Monastery in eastern Tibet,
set himself on fire within the walls of his Monastery on October 25, 2011 during a religious ceremony. While engulfed in flames, he shouted slogans for the return of His Holiness the Dalai Lama from exile and the re-unification of the Tibetan people.