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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

The Democratic Progressive Party (DPP) and the Taiwan Solidarity Union (TSU) yesterday questioned the government’s promise not to allow Chinese agricultural products to enter the country on the eve of the first round of official negotiations on an economic cooperation framework agreement (ECFA) today in Beijing.

TSU Chairman Huang Kun-huei (黃昆輝) cited a study by the Chinese Ministry of Commerce, which said Taiwan still bars 2,194 Chinese items from entering Taiwan — 1,360 industrial products and 834 agricultural products.