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SBMA News

By Albert Cheng, CEO, SBMA

SBMA successfully concluded the 3rd Asia Pacific Precious Metal Conference (APPMC) in June 2019. The conference has just ended, but as the industry voice in Singapore, we are taking into account the discussions and idea exchange to support the development of the sector in the Asia Pacific region. We want to thank all who participated and celebrated a special milestone with us at the conference – SBMA’s 25th anniversary!

Here is an update of our activities:

JUN 9-11

SBMA organises the 3rd APPMC with the support of Enterprise Singapore. SBMA aims to play a greater role in the region by bringing together the bullion markets of the ASEAN countries through the conference by developing and strengthening a unified body in Southeast Asia for the bullion market.

SBMA welcome CGSE Delegation of over 40representatives to APPMC 2019.
From left, Shulei from Gold Circle, Gerry Chen from World Gold Council, Edmund Chau from Shenzhen Batar Investment Holding Group, CEO Albert Cheng, Business Manager Margaret Wong, Roland Wang from World Gold Council, DCE Gordon Cheung.
JUN 12

SBMA arranges visit by the Shanghai Gold Exchange to the Singapore Exchange to discuss future co-operation opportunities.

SBMA brought a delegation from SGE to visit SGX.
JUN 19:

SBMA members attend the Ministry of Law’s 3rd Onboarding Conference for the industry to provide an overview of the regulatory and registration requirements under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (PSPM Act).

AUG 1-4

CEO Albert Cheng represents SBMA at the 16th India International Gold Convention (IIGC) in Amritsar, India.

CEO Albert Cheng with Vinayak Meharwade (left) and Srivatsava Ganapathy (right) from Foretell Business Solutions at the 16th IIGC held in India.
AUG 29

CEO Albert Cheng represents SBMA at the Islamic Finance News (IFN) forum in Singapore and speaks in the panel discussion “Gold – Opportunities for Financial Innovation”.

CEO Albert Cheng represents SBMA and participated in the panel session on “Gold – Opportunities for Financial Innovation” at the IFN Singapore Forum.

Exploratory Meetings

During the quarter, we scheduled meetings with the following companies: China Gold News, Foretell, Gold Circle, IBMC Ltd, ICE Futures, INTL FCStone, Jacaranda Capital Partners, Metals Focus, Metal Market, Mileage Communications, NUS – LKY School of Public Policy, PT Nikijojo, Shanghai Gold Exchange, Singapore Exchange, UOB China, and World Gold Council on membership and matters related to market development.


From left, CEO Albert Cheng with Jeraldine Ong from INTL Asia and Riadi Waluyo from PT Nikijojo after introductory meeting held at SBMA office.

From left, CEO Albert Cheng, Paul Walker (former Director of GFMS), KL Yap from Metalor Singapore and Robin Lo (former Director of YLG Bullion) after meeting held at SBMA office.

Membership

SBMA’s total membership consists of 46 companies, including three Category 1 members, 32 Local Associate Corporate members, nine Foreign Associate Corporate members, and two Affiliate members.


Upcoming Events

13–15 October 2019. Shenzhen, China.
LBMA/LPPM Global Precious Metals Conference 2019

Senior representatives from all sectors of the precious metals market will meet in Shenzhen, China, for the premier event in the industry. Please visit www.lbma.org.uk for registration and event details.

27 October–1 November 2019. London, United Kingdom.
LME Week 2019

Representatives from the entire supply chain meet to discuss current trends in metals markets, what to expect for the year ahead, and to network with industry peers and colleagues. Please visit https://www.lme.com/Education-and-events/LME-Week for registration and event details.


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