SBMA NewsBy 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:
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 arranges visit by the Shanghai Gold Exchange to the Singapore Exchange to discuss future co-operation opportunities.
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).
CEO Albert Cheng represents SBMA at the 16th India International Gold Convention (IIGC) in Amritsar, India.
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”.
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.
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.
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.
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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