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.
One thought on “Good Bye 2020, Hello 2021!”
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