Market Review and Trends
Phase III is Coming: 3 Key Things Investors Should Expect for 2021
By The Smart Investor  •  December 16, 2020
The long-awaited news has finally arrived. On Monday, Prime Minister Lee Hsien Loong said that the country is now ready to enter Phase III. The next stage of reopening will commence on 28 December. The announcement was welcome news for Singaporeans, residents and businesses alike. And there’s even more good news. The Health Sciences Authority of Singapore has also approved the use of the Pfizer-BioNTech COVID-19 vaccine, with the first shipment expected to arrive before the end of this year. To encourage participation, PM Lee said that the vaccine shots will be free for all Singaporeans and long term residents. If everything goes according to plan, there will be enough vaccine shots for the entire Singapore population by the third quarter of 2021. With the start of Phase III and the arrival of the vaccine imminent, we can finally say that there is a clear line of sight to the end of the COVID-19 safety measures....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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