“Many industry opinions say that they are currently hesitant to make big moves or invest heavily, even though they have the money to do so,” Lee said, citing external uncertainties related to the upcoming U.S. presidential election, rising interest rates and regional tensions.
“We in Asia are going through a difficult transition period. Our policies will take your views into account. We will step up our efforts to help everyone during this difficult time.”
He made this answer in response to a participant surnamed Law, who works in the securities industry, who had expressed concern that the number of bankruptcies of companies in his sector had reached double digits in recent years.
Law also questioned whether the government’s efforts to attract resources from the Middle East and South Asia had produced tangible results, while urging authorities to consider additional measures to boost the local economy.
