Good Bye 2020, Hello 2021!

2020 Global Review 

• Australia NSW state emergency due to bush fires.

• Hong Kong protest overshadowed by Coronavirus.

• Coronavirus outbreak and first “locked down” in Wuhan, China. 

• Corona virus named Covid-19. 

• Covid-19 Epicentre in China, Korea, Italy, and later globally, and later announced as pandemic. 

• Quickest stock market crash from 20 Feb to 20 March. Dow crash crashed over 30% within 1 month.

• Tokyo 2020 Olympic officially postponed 

• Oil Price turns Negative, first time in history on 20 Apr 2020.

• More fiat currencies in the world than ever!

• Liverpool FC crowned champions of English League after 30 years. 

• Donald Trump ordered bans on Tik Tok and WeChat.

• Japanese bulk carrier Wakashio disaster in Mauritius, spilling 1,000 tonnes of oil.

• Japan longest serving PM Shinzo Abe resigned, citing health reason. 

• Yoshihide Suga became Japan PM. 

• Joe Biden defeated President Donald Trump to become the 46th president of the US.  

• Pfizer announced vaccine with efficacy rate above 90%. 

• By November, Dow recovered back to 29K. 

• Telsa rose more than 700% within a year. 

• Bitcoin hitting all time high of 28KUSD

• Covid infecting over 78 million globally and over 1.7 million deaths reported.  

• Global stock market return to all time high after one of the worst crisis

2020 Singapore Review 

• Budget 2020: SGD6.4B 

• First confirmed case of Coronavirus reported on 23 Jan 2020, tourist from Wuhan

• STI crash from 3200 in Feb to below 2300 as of end March. 

• Stimulus Budgets – Resilience SGD48B, Solidarity SGD5.1B, Fortitude Budget SGD33B 

• First ever Circuit Breaker locked down began on 7 April. 

• Wearing mask mandatory when leaving home, 15 April

• Hin Leong USD4 billion debt pile and fraud case

• Dormitory Covid cases spikes 

• Lifting Covid measures, Phase 1 (2 June); Phase 2 (19 June); Phase 3 (28 Dec)

• SIA raised SGD8.8 billion via rights and convertible bonds

• Goh Chok Tong and Low Thia Kiang retired from politics

• Polling day for General Election on 10 July 2020

• PAP won 61.4%, but lost Aljunied, Hougang and Sengkang

• Pritam Singh officially designated Leader of Opposition, 11 July 

• Singapore Loh cousins’ scandalous spotlight

• Robinsons closing down after 162 years

• Home-Fix’s bankruptcy 

• Liew Mun Leong’s maid scandal

• 12 cup cakes Daniel Ong and ex-wife Jamie Teo faces charges

• Covid infecting over 58 thousand with over 29 deaths reported 

• Stock and property market left unscathed after one of the worst crisis

Let’s hope that 2021 will be a better year. 

Happy New Year and I wish everyone a Healthier, Happier and Wealthier 2021 ahead.