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. 

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